SBSPX vs. SHAPX
Compare and contrast key facts about Franklin S&P 500 Index Fund (SBSPX) and ClearBridge Appreciation Fund (SHAPX).
SBSPX is managed by Franklin Templeton. It was launched on Jan 5, 1998. SHAPX is managed by Franklin Templeton. It was launched on Mar 10, 1970.
Performance
SBSPX vs. SHAPX - Performance Comparison
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SBSPX vs. SHAPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SBSPX Franklin S&P 500 Index Fund | -7.17% | 17.25% | 24.35% | 25.62% | -18.49% | 27.92% | 17.86% | 30.68% | -4.94% | 19.50% |
SHAPX ClearBridge Appreciation Fund | -6.24% | 14.32% | 22.37% | 19.50% | -12.56% | 23.52% | 14.53% | 29.84% | -2.19% | 18.31% |
Returns By Period
In the year-to-date period, SBSPX achieves a -7.17% return, which is significantly lower than SHAPX's -6.24% return. Over the past 10 years, SBSPX has outperformed SHAPX with an annualized return of 12.99%, while SHAPX has yielded a comparatively lower 11.99% annualized return.
SBSPX
- 1D
- -0.39%
- 1M
- -7.71%
- YTD
- -7.17%
- 6M
- -4.86%
- 1Y
- 13.83%
- 3Y*
- 16.55%
- 5Y*
- 10.83%
- 10Y*
- 12.99%
SHAPX
- 1D
- -0.06%
- 1M
- -7.91%
- YTD
- -6.24%
- 6M
- -5.30%
- 1Y
- 10.69%
- 3Y*
- 14.58%
- 5Y*
- 10.06%
- 10Y*
- 11.99%
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SBSPX vs. SHAPX - Expense Ratio Comparison
SBSPX has a 0.54% expense ratio, which is lower than SHAPX's 0.93% expense ratio.
Return for Risk
SBSPX vs. SHAPX — Risk / Return Rank
SBSPX
SHAPX
SBSPX vs. SHAPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin S&P 500 Index Fund (SBSPX) and ClearBridge Appreciation Fund (SHAPX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| SBSPX | SHAPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 0.72 | +0.08 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.13 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.17 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.00 | 0.89 | +0.11 |
Martin ratioReturn relative to average drawdown | 4.86 | 4.11 | +0.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SBSPX | SHAPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 0.72 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.68 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.72 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.77 | -0.35 |
Correlation
The correlation between SBSPX and SHAPX is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SBSPX vs. SHAPX - Dividend Comparison
SBSPX's dividend yield for the trailing twelve months is around 0.84%, less than SHAPX's 15.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SBSPX Franklin S&P 500 Index Fund | 0.84% | 0.78% | 1.11% | 0.97% | 4.08% | 5.10% | 5.99% | 5.49% | 5.96% | 3.50% | 4.08% | 2.65% |
SHAPX ClearBridge Appreciation Fund | 15.01% | 14.08% | 9.00% | 4.17% | 8.85% | 6.54% | 4.13% | 7.09% | 6.71% | 5.10% | 3.29% | 4.76% |
Drawdowns
SBSPX vs. SHAPX - Drawdown Comparison
The maximum SBSPX drawdown since its inception was -55.62%, which is greater than SHAPX's maximum drawdown of -46.19%. Use the drawdown chart below to compare losses from any high point for SBSPX and SHAPX.
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Drawdown Indicators
| SBSPX | SHAPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.62% | -46.19% | -9.43% |
Max Drawdown (1Y)Largest decline over 1 year | -12.14% | -10.57% | -1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -24.66% | -20.53% | -4.13% |
Max Drawdown (10Y)Largest decline over 10 years | -33.82% | -32.21% | -1.61% |
Current DrawdownCurrent decline from peak | -8.98% | -8.74% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -10.71% | -4.79% | -5.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.29% | +0.22% |
Volatility
SBSPX vs. SHAPX - Volatility Comparison
Franklin S&P 500 Index Fund (SBSPX) has a higher volatility of 4.26% compared to ClearBridge Appreciation Fund (SHAPX) at 3.74%. This indicates that SBSPX's price experiences larger fluctuations and is considered to be riskier than SHAPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBSPX | SHAPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.26% | 3.74% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 9.08% | 7.86% | +1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.16% | 15.90% | +2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.87% | 14.85% | +2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.06% | 16.70% | +1.36% |