SGVAX vs. FRDPX
SGVAX (Western Asset Mortgage Total Return Fund) and FRDPX (Franklin Rising Dividends Fund) are both mutual funds - SGVAX is a Intermediate Core-Plus Bond fund managed by Franklin Templeton, while FRDPX is a Large Cap Blend Equities fund managed by Franklin Templeton. Over the past 10 years, SGVAX returned 1.26%/yr vs 11.19%/yr for FRDPX. At a correlation of -0.02, they often move in opposite directions. SGVAX charges 0.94%/yr vs 0.85%/yr for FRDPX.
Performance
SGVAX vs. FRDPX - Performance Comparison
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Returns By Period
In the year-to-date period, SGVAX achieves a 1.30% return, which is significantly lower than FRDPX's 6.62% return. Over the past 10 years, SGVAX has underperformed FRDPX with an annualized return of 1.26%, while FRDPX has yielded a comparatively higher 11.19% annualized return.
SGVAX
- 1D
- 0.00%
- 1M
- 1.15%
- 6M
- 1.18%
- YTD
- 1.30%
- 1Y
- 5.51%
- 3Y*
- 5.04%
- 5Y*
- -0.26%
- 10Y*
- 1.26%
FRDPX
- 1D
- 0.18%
- 1M
- 1.83%
- 6M
- 4.54%
- YTD
- 6.62%
- 1Y
- 11.46%
- 3Y*
- 11.74%
- 5Y*
- 7.93%
- 10Y*
- 11.19%
SGVAX vs. FRDPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGVAX Western Asset Mortgage Total Return Fund | 1.30% | 7.69% | 2.31% | 3.14% | -14.37% | 0.40% | 2.25% | 6.03% | 2.03% | 4.53% |
FRDPX Franklin Rising Dividends Fund | 6.62% | 11.96% | 10.92% | 12.10% | -10.69% | 26.62% | 16.29% | 29.83% | -5.27% | 17.33% |
Correlation
The correlation between SGVAX and FRDPX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1993 | -0.02 |
The correlation between SGVAX and FRDPX shifts across timeframes, from -0.02 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGVAX vs. FRDPX — Risk / Return Rank
SGVAX
FRDPX
SGVAX vs. FRDPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Mortgage Total Return Fund (SGVAX) and Franklin Rising Dividends Fund (FRDPX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SGVAX | FRDPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.19 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.51 | +0.28 |
| Martin ratioReturn relative to average drawdown | 5.43 | 5.86 | -0.44 |
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Drawdowns
SGVAX vs. FRDPX - Drawdown Comparison
The maximum SGVAX drawdown since its inception was -20.70%, smaller than the maximum FRDPX drawdown of -51.57%. Use the drawdown chart below to compare losses from any high point for SGVAX and FRDPX.
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Drawdown Indicators
| SGVAX | FRDPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.70% | -51.57% | +30.87% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -7.10% | +4.16% |
Max Drawdown (3Y)Largest decline over 3 years | -8.28% | -18.26% | +9.98% |
Max Drawdown (5Y)Largest decline over 5 years | -20.70% | -21.07% | +0.37% |
Max Drawdown (10Y)Largest decline over 10 years | -20.70% | -34.89% | +14.19% |
Current DrawdownCurrent decline from peak | -2.21% | 0.00% | -2.21% |
Average DrawdownAverage peak-to-trough decline | -2.62% | -5.80% | +3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 1.83% | -0.86% |
Volatility
SGVAX vs. FRDPX - Volatility Comparison
The current volatility for Western Asset Mortgage Total Return Fund (SGVAX) is 1.34%, while Franklin Rising Dividends Fund (FRDPX) has a volatility of 2.92%. This indicates that SGVAX experiences smaller price fluctuations and is considered to be less risky than FRDPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGVAX | FRDPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 2.92% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 3.18% | 7.86% | -4.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.18% | 10.20% | -6.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.65% | 15.36% | -8.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.13% | 17.12% | -11.99% |
SGVAX vs. FRDPX - Expense Ratio Comparison
SGVAX has a 0.94% expense ratio, which is higher than FRDPX's 0.85% expense ratio.
Dividends
SGVAX vs. FRDPX - Dividend Comparison
SGVAX's dividend yield for the trailing twelve months is around 4.65%, less than FRDPX's 9.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRDPX Franklin Rising Dividends Fund | 9.59% | 10.25% | 10.15% | 4.60% | 4.96% | 4.42% | 0.82% | 3.01% | 5.20% | 0.90% | 3.09% | 5.30% |
SGVAX Western Asset Mortgage Total Return Fund | 4.65% | 4.83% | 3.88% | 3.67% | 3.22% | 2.29% | 3.38% | 4.39% | 5.39% | 3.79% | 3.55% | 3.85% |
Frequently Asked Questions
SGVAX and FRDPX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRDPX has higher volatility (2.92%) compared to SGVAX (1.34%). In terms of maximum drawdown, SGVAX dropped -20.70% vs FRDPX's -51.57%.
SGVAX currently has the higher Sharpe Ratio (1.26 vs 1.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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