FGRAX vs. FCOQX
Compare and contrast key facts about Franklin Growth Opportunities Fund Class A (FGRAX) and Franklin Colorado Tax-Free Income Fund Class A (FCOQX).
FGRAX is an actively managed fund by Franklin. It was launched on Jun 23, 1999. FCOQX is a passively managed fund by Franklin that tracks the performance of the Bloomberg Municipal Bond Index. It was launched on Sep 1, 1987.
Performance
FGRAX vs. FCOQX - Performance Comparison
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FGRAX vs. FCOQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FGRAX Franklin Growth Opportunities Fund Class A | -8.27% | 8.10% | 25.65% | 39.54% | -37.14% | 48.19% | 45.48% | 46.91% | -16.10% |
FCOQX Franklin Colorado Tax-Free Income Fund Class A | -0.45% | 3.34% | 2.47% | 5.62% | -10.97% | 1.52% | 4.72% | 6.41% | 0.98% |
Returns By Period
In the year-to-date period, FGRAX achieves a -8.27% return, which is significantly lower than FCOQX's -0.45% return.
FGRAX
- 1D
- 4.11%
- 1M
- -5.72%
- YTD
- -8.27%
- 6M
- -9.51%
- 1Y
- 8.71%
- 3Y*
- 16.06%
- 5Y*
- 10.26%
- 10Y*
- 16.17%
FCOQX
- 1D
- 0.29%
- 1M
- -1.97%
- YTD
- -0.45%
- 6M
- 1.31%
- 1Y
- 3.19%
- 3Y*
- 2.81%
- 5Y*
- 0.22%
- 10Y*
- —
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FGRAX vs. FCOQX - Expense Ratio Comparison
FGRAX has a 0.89% expense ratio, which is higher than FCOQX's 0.85% expense ratio.
Return for Risk
FGRAX vs. FCOQX — Risk / Return Rank
FGRAX
FCOQX
FGRAX vs. FCOQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Growth Opportunities Fund Class A (FGRAX) and Franklin Colorado Tax-Free Income Fund Class A (FCOQX). 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 | FCOQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.45 | 0.68 | -0.24 |
Sortino ratioReturn per unit of downside risk | 0.82 | 0.93 | -0.11 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.18 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.59 | 0.76 | -0.17 |
Martin ratioReturn relative to average drawdown | 1.95 | 2.05 | -0.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FGRAX | FCOQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 0.68 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.05 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.38 | +0.04 |
Correlation
The correlation between FGRAX and FCOQX is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FGRAX vs. FCOQX - Dividend Comparison
FGRAX's dividend yield for the trailing twelve months is around 21.51%, more than FCOQX's 2.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGRAX Franklin Growth Opportunities Fund Class A | 21.51% | 19.73% | 10.72% | 13.47% | 4.83% | 28.81% | 5.83% | 17.52% | 13.10% | 8.71% | 2.09% | 2.04% |
FCOQX Franklin Colorado Tax-Free Income Fund Class A | 2.92% | 3.13% | 3.01% | 2.33% | 2.59% | 2.09% | 2.37% | 2.95% | 1.06% | 0.00% | 0.00% | 0.00% |
Drawdowns
FGRAX vs. FCOQX - Drawdown Comparison
The maximum FGRAX drawdown since its inception was -78.79%, which is greater than FCOQX's maximum drawdown of -15.80%. Use the drawdown chart below to compare losses from any high point for FGRAX and FCOQX.
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Drawdown Indicators
| FGRAX | FCOQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.79% | -15.80% | -62.99% |
Max Drawdown (1Y)Largest decline over 1 year | -15.82% | -5.32% | -10.50% |
Max Drawdown (5Y)Largest decline over 5 years | -40.30% | -15.80% | -24.50% |
Max Drawdown (10Y)Largest decline over 10 years | -40.30% | — | — |
Current DrawdownCurrent decline from peak | -12.35% | -2.25% | -10.10% |
Average DrawdownAverage peak-to-trough decline | -28.97% | -4.22% | -24.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.74% | 1.97% | +2.77% |
Volatility
FGRAX vs. FCOQX - Volatility Comparison
Franklin Growth Opportunities Fund Class A (FGRAX) has a higher volatility of 7.46% compared to Franklin Colorado Tax-Free Income Fund Class A (FCOQX) at 1.13%. This indicates that FGRAX's price experiences larger fluctuations and is considered to be riskier than FCOQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGRAX | FCOQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.46% | 1.13% | +6.33% |
Volatility (6M)Calculated over the trailing 6-month period | 12.91% | 1.74% | +11.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.88% | 5.27% | +16.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.59% | 4.16% | +22.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.29% | 4.43% | +19.86% |