My first thought is that it's a long jump from the Benchmade Bugout
To the Kershaw Fringe.
My second thought is to wonder what prompted this, because there is very little in common between the two knives.
The Fringe is going to need sharpening more often. Kershaw gets the most out of the Cro-moly steels, but there is only so much edge retention to be had.
The Bugout will potentially be a better slicer, although I'm not going to say for certain.
The Fringe is slightly shorter, but it is going to feel wider in your pocket, because of the thumb ramp, and the flipper tab. It is also going to ride higher, making it easier to draw. The Bugout offers two clip-mounting choices, while the Fringe's pocket clip has to stay where it is (barring customization). With one of the Bugout's clip mounting choices, there is the possibility that the side of your hand will scrape against the back of the blade when you reach into your pocket.
The Fringe is a frame lock, and while there is nothing wrong with framelocks or liner locks, there is some remote possibility that the lock will disengage if you're trying to shove it through a cut. There have been instances of Benchmade knives with broken Omega springs, allowing the lock to pop out of engagement, too. The broken spring is far less likely, but it also gives you far less warning before the knife folds closed on your fiingers. In either case, the chances are very remote. But every object from the hand of man can fail.
The two are going to handle very differently, too. The design of the Fringe will make it easier to engage the tip of the knife, and it looks like the Fringe is both wider and thicker, making it easier to control in detailed cuts. The Bugout's steeper belly offers more flat edge for making long cuts, even though it will require more work from your wrist to engage the point during flat cutting. The Bugout is going to be easier to choke up on for fine cuts, because the spine of the blade is smooth, and there is a less pronounced choil than on the Fringe.
The Bugout lacks steel liners, and some people have expressed disappointment with the fact that the handle slabs can be slightly compressed, with enough pressure. Likewise, the lightweight construction can make it feel insubstantial, in contrast to it's design, which is evocative of a "bushcraft" knife.
The steel slabs on the Fringe are going to make it heavier, and more rigid, even though it is a smaller knife which is slightly harder to use in anything but the sort of "fencing grip" you see most people holding a knife in for advertising photos.