SOPAX vs. AFVLX

Last updated Aug 4, 2026

SOPAX (ClearBridge Dividend Strategy Fund) and AFVLX (Applied Finance Select Fund) are both mutual funds - SOPAX is a Large Cap Blend Equities fund managed by Franklin Templeton, while AFVLX is a Large Cap Value Equities fund managed by Applied Finance. Over the past 5 years, SOPAX returned 10.52%/yr vs 9.50%/yr for AFVLX. Their correlation of 0.88 means they have usually moved in the same direction. SOPAX charges 1.02%/yr vs 1.48%/yr for AFVLX.

Performance

SOPAX vs. AFVLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ClearBridge Dividend Strategy Fund (SOPAX) and Applied Finance Select Fund (AFVLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SOPAX achieves a 9.87% return, which is significantly lower than AFVLX's 13.28% return.

SOPAX

• 1D: 0.03%
• 1M: 1.12%
• 6M: 6.41%
• YTD: 9.87%
• 1Y: 17.50%
• 3Y*: 14.15%
• 5Y*: 10.52%
• 10Y*: 12.08%
• ALL TIME*: 13.78%

AFVLX

• 1D: 0.23%
• 1M: 1.54%
• 6M: 10.39%
• YTD: 13.28%
• 1Y: 22.70%
• 3Y*: 12.90%
• 5Y*: 9.50%
• 10Y*: —
• ALL TIME*: 13.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AFVLX Applied Finance Select Fund	$0.00	$0.00	$0.00
SOPAX ClearBridge Dividend Strategy Fund	$0.00	$0.00	$0.00

SOPAX vs. AFVLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SOPAX ClearBridge Dividend Strategy Fund	9.87%	12.27%	16.77%	14.13%	-8.41%	26.36%	7.62%	8.04%
AFVLX Applied Finance Select Fund	13.28%	13.12%	7.06%	19.43%	-10.88%	27.73%	15.33%	12.42%

Correlation

The correlation between SOPAX and AFVLX is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.72
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (All Time) Calculated using the full available price history since Sep 3, 2019	0.88

The correlation between SOPAX and AFVLX shifts across timeframes, from 0.72 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SOPAX vs. AFVLX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SOPAX

SOPAX Risk / Return Rank: 65
SOPAX Sharpe Ratio Rank: 72
SOPAX Sortino Ratio Rank: 72
SOPAX Omega Ratio Rank: 67
SOPAX Calmar Ratio Rank: 54
SOPAX Martin Ratio Rank: 60

AFVLX

AFVLX Risk / Return Rank: 68
AFVLX Sharpe Ratio Rank: 67
AFVLX Sortino Ratio Rank: 65
AFVLX Omega Ratio Rank: 59
AFVLX Calmar Ratio Rank: 75
AFVLX Martin Ratio Rank: 73

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SOPAX vs. AFVLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearBridge Dividend Strategy Fund (SOPAX) and Applied Finance Select Fund (AFVLX). 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.

	SOPAX	AFVLX	Difference
Sharpe ratio: Return per unit of total volatility	1.75	1.69	+0.06
Sortino ratio: Return per unit of downside risk	2.53	2.38	+0.15
Omega ratio: Gain probability vs. loss probability	1.31	1.29	+0.02
Calmar ratio: Return relative to maximum drawdown	2.09	2.53	-0.44
Martin ratio: Return relative to average drawdown	8.32	9.53	-1.22

SOPAX vs. AFVLX - Sharpe Ratio Comparison

The current SOPAX Sharpe Ratio is 1.75, which is comparable to the AFVLX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of SOPAX and AFVLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SOPAX vs. AFVLX - Drawdown Comparison

The maximum SOPAX drawdown since its inception was -46.78%, which is greater than AFVLX's maximum drawdown of -36.29%. Use the drawdown chart below to compare losses from any high point for SOPAX and AFVLX.

Drawdown Indicators

	SOPAX	AFVLX	Difference
Max Drawdown Largest peak-to-trough decline	-46.78%	-36.29%	-10.49%
Max Drawdown (1Y) Largest decline over 1 year	-8.04%	-8.42%	+0.38%
Max Drawdown (3Y) Largest decline over 3 years	-13.72%	-17.74%	+4.02%
Max Drawdown (5Y) Largest decline over 5 years	-19.31%	-20.12%	+0.81%
Max Drawdown (10Y) Largest decline over 10 years	-34.72%	—	—
Current Drawdown Current decline from peak	-0.76%	-0.23%	-0.53%
Average Drawdown Average peak-to-trough decline	-4.86%	-4.65%	-0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	2.23%	-0.21%

Volatility

SOPAX vs. AFVLX - Volatility Comparison

ClearBridge Dividend Strategy Fund (SOPAX) has a higher volatility of 3.27% compared to Applied Finance Select Fund (AFVLX) at 3.04%. This indicates that SOPAX's price experiences larger fluctuations and is considered to be riskier than AFVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SOPAX	AFVLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	3.04%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	7.33%	9.44%	-2.11%
Volatility (1Y) Calculated over the trailing 1-year period	9.64%	12.63%	-2.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.22%	15.94%	-1.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.35%	20.11%	-3.76%

SOPAX vs. AFVLX - Expense Ratio Comparison

SOPAX has a 1.02% expense ratio, which is lower than AFVLX's 1.48% expense ratio.

Dividends

SOPAX vs. AFVLX - Dividend Comparison

SOPAX's dividend yield for the trailing twelve months is around 11.79%, more than AFVLX's 3.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AFVLX Applied Finance Select Fund	3.30%	3.74%	3.80%	1.18%	1.02%	2.11%	1.09%	0.68%	0.00%	0.00%	0.00%	0.00%
SOPAX ClearBridge Dividend Strategy Fund	11.79%	13.65%	9.54%	9.20%	5.68%	9.93%	1.76%	7.32%	6.56%	6.75%	3.03%	1.53%

Frequently Asked Questions

Can I hold both SOPAX and AFVLX in my portfolio?

SOPAX and AFVLX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOPAX or AFVLX?

SOPAX has higher volatility (3.27%) compared to AFVLX (3.04%). In terms of maximum drawdown, SOPAX dropped -46.78% vs AFVLX's -36.29%.

Which has better risk-adjusted returns?

SOPAX currently has the higher Sharpe Ratio (1.75 vs 1.69), 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.