FGRAX vs. AMRGX

Last updated Apr 1, 2026

Compare and contrast key facts about Franklin Growth Opportunities Fund Class A (FGRAX) and American Growth Fund Series One (AMRGX).

FGRAX is an actively managed fund by Franklin. It was launched on Jun 23, 1999. AMRGX is managed by American Growth. It was launched on Jul 31, 1958.

Performance

FGRAX vs. AMRGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Growth Opportunities Fund Class A (FGRAX) and American Growth Fund Series One (AMRGX). The values are adjusted to include any dividend payments, if applicable.

FGRAX vs. AMRGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGRAX Franklin Growth Opportunities Fund Class A	-11.90%	8.10%	25.65%	39.54%	-37.14%	48.19%	45.48%	46.91%	-1.32%	28.78%
AMRGX American Growth Fund Series One	-1.31%	11.18%	16.61%	24.38%	-19.93%	15.64%	18.65%	36.73%	-9.07%	13.37%

Returns By Period

In the year-to-date period, FGRAX achieves a -11.90% return, which is significantly lower than AMRGX's -1.31% return. Over the past 10 years, FGRAX has outperformed AMRGX with an annualized return of 15.70%, while AMRGX has yielded a comparatively lower 10.41% annualized return.

FGRAX

• 1D: -0.95%
• 1M: -9.14%
• YTD: -11.90%
• 6M: -13.23%
• 1Y: 5.39%
• 3Y*: 14.51%
• 5Y*: 9.78%
• 10Y*: 15.70%

AMRGX

• 1D: -1.60%
• 1M: -10.92%
• YTD: -1.31%
• 6M: 7.51%
• 1Y: 16.26%
• 3Y*: 14.01%
• 5Y*: 7.34%
• 10Y*: 10.41%

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

FGRAX vs. AMRGX - Expense Ratio Comparison

FGRAX has a 0.89% expense ratio, which is lower than AMRGX's 4.07% expense ratio.

AMRGX

American Growth Fund Series One

FGRAX

Franklin Growth Opportunities Fund Class A

Return for Risk

FGRAX vs. AMRGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FGRAX

FGRAX Risk / Return Rank: 9
FGRAX Sharpe Ratio Rank: 9
FGRAX Sortino Ratio Rank: 10
FGRAX Omega Ratio Rank: 9
FGRAX Calmar Ratio Rank: 8
FGRAX Martin Ratio Rank: 8

AMRGX

AMRGX Risk / Return Rank: 32
AMRGX Sharpe Ratio Rank: 26
AMRGX Sortino Ratio Rank: 33
AMRGX Omega Ratio Rank: 45
AMRGX Calmar Ratio Rank: 37
AMRGX Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FGRAX vs. AMRGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Growth Opportunities Fund Class A (FGRAX) and American Growth Fund Series One (AMRGX). 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.

	FGRAX	AMRGX	Difference
Sharpe ratio Return per unit of total volatility	0.23	0.62	-0.39
Sortino ratio Return per unit of downside risk	0.50	1.12	-0.62
Omega ratio Gain probability vs. loss probability	1.07	1.19	-0.12
Calmar ratio Return relative to maximum drawdown	0.15	0.99	-0.84
Martin ratio Return relative to average drawdown	0.50	2.37	-1.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGRAX vs. AMRGX - Sharpe Ratio Comparison

The current FGRAX Sharpe Ratio is 0.23, which is lower than the AMRGX Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of FGRAX and AMRGX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FGRAX	AMRGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.23	0.62	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.34	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.49	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.10	+0.31

Correlation

The correlation between FGRAX and AMRGX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FGRAX vs. AMRGX - Dividend Comparison

FGRAX's dividend yield for the trailing twelve months is around 22.39%, more than AMRGX's 18.06% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGRAX Franklin Growth Opportunities Fund Class A	22.39%	19.73%	10.72%	13.47%	4.83%	28.81%	5.83%	17.52%	13.10%	8.71%	2.09%	2.04%
AMRGX American Growth Fund Series One	18.06%	17.82%	12.39%	8.17%	7.77%	12.21%	2.36%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FGRAX vs. AMRGX - Drawdown Comparison

The maximum FGRAX drawdown since its inception was -78.79%, roughly equal to the maximum AMRGX drawdown of -80.32%. Use the drawdown chart below to compare losses from any high point for FGRAX and AMRGX.

Drawdown Indicators

	FGRAX	AMRGX	Difference
Max Drawdown Largest peak-to-trough decline	-78.79%	-80.32%	+1.53%
Max Drawdown (1Y) Largest decline over 1 year	-15.82%	-13.98%	-1.84%
Max Drawdown (5Y) Largest decline over 5 years	-40.30%	-35.42%	-4.88%
Max Drawdown (10Y) Largest decline over 10 years	-40.30%	-35.42%	-4.88%
Current Drawdown Current decline from peak	-15.82%	-13.98%	-1.84%
Average Drawdown Average peak-to-trough decline	-28.97%	-40.45%	+11.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.68%	5.82%	-1.14%

Volatility

FGRAX vs. AMRGX - Volatility Comparison

Franklin Growth Opportunities Fund Class A (FGRAX) and American Growth Fund Series One (AMRGX) have volatilities of 5.99% and 6.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGRAX	AMRGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.99%	6.18%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	12.24%	23.49%	-11.25%
Volatility (1Y) Calculated over the trailing 1-year period	21.54%	28.26%	-6.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.54%	21.84%	+4.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.26%	21.30%	+2.96%