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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Franklin Natural Resources Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Franklin Natural Resources Fund (FRNRX) has returned 21.30% so far this year and 49.50% over the past 12 months. Over the last decade, FRNRX has posted an annualized return of 12.17%, slightly higher than the S&P 500 Index benchmark’s 12.16%.
Franklin Natural Resources Fund
- 1D
- -0.72%
- 1M
- -2.14%
- YTD
- 21.30%
- 6M
- 30.35%
- 1Y
- 49.50%
- 3Y*
- 19.17%
- 5Y*
- 26.18%
- 10Y*
- 12.17%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jun 5, 1995, FRNRX's average daily return is +0.05%, while the average monthly return is +0.94%. At this rate, your investment would double in approximately 6.2 years.
Historically, 57% of months were positive and 43% were negative. The best month was Dec 2021 with a return of +32.0%, while the worst month was Mar 2020 at -36.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FRNRX closed higher 52% of trading days. The best single day was Dec 15, 2021 with a return of +28.0%, while the worst single day was Mar 9, 2020 at -22.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 12.29% | 10.39% | -2.14% | 21.30% | |||||||||
| 2025 | 3.16% | 0.20% | 2.38% | -6.63% | 3.23% | 5.44% | 1.21% | 6.90% | 4.31% | -0.84% | 4.84% | 3.36% | 30.43% |
| 2024 | -3.64% | 1.84% | 10.00% | -0.48% | 2.49% | -3.53% | 2.78% | -1.40% | -0.81% | -1.20% | 4.47% | -8.10% | 1.28% |
| 2023 | 6.53% | -7.22% | -1.10% | 0.97% | -8.26% | 8.96% | 8.08% | -1.78% | -0.91% | -4.20% | 1.66% | 2.14% | 3.25% |
| 2022 | 7.79% | 6.56% | 10.01% | -4.36% | 9.59% | -16.08% | 5.52% | 1.26% | -8.63% | 17.48% | 6.07% | -3.47% | 30.52% |
| 2021 | 2.04% | 13.83% | 1.34% | 2.14% | 6.99% | 0.61% | -6.08% | -1.38% | 5.21% | 9.57% | -4.43% | 32.04% | 74.38% |
Benchmark Metrics
Franklin Natural Resources Fund has an annualized alpha of 1.72%, beta of 1.00, and R² of 0.46 versus S&P 500 Index. Calculated based on daily prices since June 06, 1995.
- This fund participated in 107.34% of S&P 500 Index downside but only 105.98% of its upside — more exposed to losses than it benefited from rallies.
- R² of 0.46 means the benchmark explains less than half of this fund's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.72%
- Beta
- 1.00
- R²
- 0.46
- Upside Capture
- 105.98%
- Downside Capture
- 107.34%
Expense Ratio
FRNRX has a high expense ratio of 0.96%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FRNRX ranks 94 for risk / return — in the top 94% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Franklin Natural Resources Fund (FRNRX) and compare them to a chosen benchmark (S&P 500 Index).
| FRNRX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.39 | 0.90 | +1.50 |
Sortino ratioReturn per unit of downside risk | 2.97 | 1.39 | +1.58 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.21 | +0.24 |
Calmar ratioReturn relative to maximum drawdown | 2.89 | 1.40 | +1.50 |
Martin ratioReturn relative to average drawdown | 13.62 | 6.61 | +7.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore FRNRX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Franklin Natural Resources Fund provided a 1.40% dividend yield over the last twelve months, with an annual payout of $0.62 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.62 | $0.62 | $0.68 | $0.57 | $0.68 | $5.07 | $0.40 | $0.36 | $0.49 | $0.31 | $0.28 | $0.18 |
Dividend yield | 1.40% | 1.70% | 2.40% | 1.98% | 2.38% | 22.66% | 2.39% | 1.64% | 2.43% | 1.16% | 1.02% | 0.86% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin Natural Resources Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.62 | $0.62 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.68 | $0.68 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.57 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.68 | $0.68 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.07 | $5.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin Natural Resources Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Franklin Natural Resources Fund was 80.54%, occurring on Mar 18, 2020. Recovery took 1015 trading sessions.
The current Franklin Natural Resources Fund drawdown is 2.96%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -80.54% | Jul 2, 2008 | 2948 | Mar 18, 2020 | 1015 | Apr 1, 2024 | 3963 |
| -47.29% | Oct 8, 1997 | 226 | Aug 31, 1998 | 429 | May 12, 2000 | 655 |
| -40% | May 22, 2001 | 346 | Oct 9, 2002 | 442 | Jul 14, 2004 | 788 |
| -21.35% | May 11, 2006 | 101 | Oct 3, 2006 | 121 | Mar 29, 2007 | 222 |
| -19.65% | Apr 10, 2024 | 250 | Apr 8, 2025 | 64 | Jul 11, 2025 | 314 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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