Franklin Income Correlations

FNCFX Fund

USD 2.50 0.01 0.40%

The current 90-days correlation between Franklin Income and Franklin Income Fund is 0.78 (i.e., Poor diversification). The correlation of Franklin Income is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Franklin Income Correlation With Market

Very weak diversification

The correlation between Franklin Income Fund and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Franklin Income Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franklin Income Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Franklin Mutual Fund

0.93	PEYAX	Putnam Equity Income	Pair Corr
0.72	SAIFX	Clearbridge Large Cap	Pair Corr
0.76	SAGYX	Clearbridge Aggressive	Pair Corr
0.8	TEPLX	Templeton Growth	Pair Corr
0.63	TESIX	Franklin Mutual Shares	Pair Corr
0.68	SAPYX	Clearbridge Appreciation	Pair Corr
0.79	FRDPX	Franklin Rising Dividends	Pair Corr
0.81	FRDAX	Franklin Rising Dividends	Pair Corr
0.78	FRGOX	Franklin Gold Precious	Pair Corr
0.78	SBSPX	Qs Sp 500	Pair Corr
0.91	FRNRX	Franklin Natural Res	Pair Corr
0.86	FRVLX	Franklin Small Cap	Pair Corr
0.76	BCAAX	Brandywineglobal C	Pair Corr
0.95	FBLAX	Franklin Balanced	Pair Corr
0.65	FTCLX	Franklin Efolio Allo	Pair Corr
0.69	FBRLX	Franklin Lifesmart	Pair Corr
0.77	FTFZX	Franklin Federal Lim	Pair Corr
0.61	FTLQX	Franklin Efolio Allo	Pair Corr
0.7	FTRAX	Franklin Lifesmart	Pair Corr
0.66	FCAZX	Franklin Efolio Allo	Pair Corr

Moving against Franklin Mutual Fund

0.37

WAFAX

Western Asset Inflation

Pair Corr

Related Correlations Analysis

	FKINX	RSLAX	SCWFX	SMCWX	RLLGX	RMFGX	NFFFX	RNWGX	NEWFX	NWFFX
FKINX		0.85	0.86	0.86	0.87	0.85	0.77	0.77	0.76	0.76	FKINX
RSLAX	0.85		1.0	1.0	1.0	0.83	0.91	0.91	0.91	0.91	RSLAX
SCWFX	0.86	1.0		1.0	1.0	0.85	0.9	0.9	0.9	0.9	SCWFX
SMCWX	0.86	1.0	1.0		1.0	0.84	0.9	0.9	0.9	0.9	SMCWX
RLLGX	0.87	1.0	1.0	1.0		0.85	0.9	0.9	0.9	0.9	RLLGX
RMFGX	0.85	0.83	0.85	0.84	0.85		0.68	0.68	0.68	0.68	RMFGX
NFFFX	0.77	0.91	0.9	0.9	0.9	0.68		1.0	1.0	1.0	NFFFX
RNWGX	0.77	0.91	0.9	0.9	0.9	0.68	1.0		1.0	1.0	RNWGX
NEWFX	0.76	0.91	0.9	0.9	0.9	0.68	1.0	1.0		1.0	NEWFX
NWFFX	0.76	0.91	0.9	0.9	0.9	0.68	1.0	1.0	1.0		NWFFX
	FKINX	RSLAX	SCWFX	SMCWX	RLLGX	RMFGX	NFFFX	RNWGX	NEWFX	NWFFX

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between Franklin Mutual Fund performing well and Franklin Income Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Franklin Income's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FKINX	0.27	0.02	(0.03)	0.11	0.15	(0.52)	0.81	(0.41)	1.24
RSLAX	0.79	0.06	0.07	0.11	0.78	(0.90)	1.49	(1.24)	6.86
SCWFX	0.78	0.05	0.06	0.11	0.80	(0.85)	1.51	(1.21)	6.01
SMCWX	0.78	0.05	0.06	0.10	0.78	(0.87)	1.49	(1.22)	5.95
RLLGX	0.78	0.05	0.05	0.10	0.79	(0.84)	1.50	(1.21)	5.77
RMFGX	0.50	(0.01)	(0.04)	0.04	0.63	(0.49)	0.83	(1.02)	2.59
NFFFX	0.65	0.11	0.12	0.20	0.60	(0.73)	1.34	(1.16)	6.40
RNWGX	0.65	0.11	0.12	0.20	0.61	(0.73)	1.35	(1.15)	6.37
NEWFX	0.66	0.11	0.12	0.20	0.61	(0.74)	1.34	(1.17)	6.37
NWFFX	0.65	0.11	0.12	0.20	0.60	(0.73)	1.35	(1.15)	6.40

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC