FGRAX vs. FRDAX

Last updated Aug 5, 2026

FGRAX (Franklin Growth Opportunities Fund Class A) and FRDAX (Franklin Rising Dividends Fund Advisor Class) are both mutual funds - FGRAX is a Large Cap Growth Equities fund actively managed by Franklin, while FRDAX is a Dividend fund actively managed by Franklin. Both are actively managed. Over the past 10 years, FGRAX returned 17.38%/yr vs 11.70%/yr for FRDAX. Their correlation of 0.81 means they have usually moved in the same direction. FGRAX charges 0.89%/yr vs 0.43%/yr for FRDAX.

Performance

FGRAX vs. FRDAX - Performance Comparison

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

Returns By Period

In the year-to-date period, FGRAX achieves a 6.93% return, which is significantly lower than FRDAX's 8.87% return. Over the past 10 years, FGRAX has outperformed FRDAX with an annualized return of 17.38%, while FRDAX has yielded a comparatively lower 11.70% annualized return.

FGRAX

• 1D: 1.82%
• 1M: -0.91%
• 6M: 8.89%
• YTD: 6.93%
• 1Y: 8.20%
• 3Y*: 17.15%
• 5Y*: 10.27%
• 10Y*: 17.38%
• ALL TIME*: 11.45%

FRDAX

• 1D: 0.66%
• 1M: 2.17%
• 6M: 7.61%
• YTD: 8.87%
• 1Y: 12.83%
• 3Y*: 12.39%
• 5Y*: 8.17%
• 10Y*: 11.70%
• ALL TIME*: 9.64%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FGRAX Franklin Growth Opportunities Fund Class A	$0.00	$0.00	$0.00
FRDAX Franklin Rising Dividends Fund Advisor Class	$0.00	$0.00	$0.00

FGRAX vs. FRDAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGRAX Franklin Growth Opportunities Fund Class A	6.93%	8.10%	25.65%	39.54%	-37.14%	48.19%	45.48%	46.91%	-1.32%	28.78%
FRDAX Franklin Rising Dividends Fund Advisor Class	8.87%	12.24%	11.20%	12.37%	-10.45%	26.93%	16.58%	30.16%	-5.04%	20.09%

Correlation

The correlation between FGRAX and FRDAX is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.64
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (5Y) Shows whether the relationship held over a longer period.	0.78
Correlation (10Y) Provides a long-term view across more market conditions.	0.77
Correlation (All Time) Calculated using the full available price history since Oct 3, 2005	0.81

The correlation between FGRAX and FRDAX shifts across timeframes, from 0.64 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FGRAX vs. FRDAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FGRAX

FGRAX Risk / Return Rank: 13
FGRAX Sharpe Ratio Rank: 12
FGRAX Sortino Ratio Rank: 13
FGRAX Omega Ratio Rank: 13
FGRAX Calmar Ratio Rank: 11
FGRAX Martin Ratio Rank: 14

FRDAX

FRDAX Risk / Return Rank: 41
FRDAX Sharpe Ratio Rank: 38
FRDAX Sortino Ratio Rank: 38
FRDAX Omega Ratio Rank: 35
FRDAX Calmar Ratio Rank: 44
FRDAX Martin Ratio Rank: 50

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FGRAX vs. FRDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Growth Opportunities Fund Class A (FGRAX) and Franklin Rising Dividends Fund Advisor Class (FRDAX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FGRAX	FRDAX	Difference
Sharpe ratio: Return per unit of total volatility	0.56	1.40	-0.84
Sortino ratio: Return per unit of downside risk	0.90	2.04	-1.14
Omega ratio: Gain probability vs. loss probability	1.11	1.25	-0.14
Calmar ratio: Return relative to maximum drawdown	0.65	2.04	-1.39
Martin ratio: Return relative to average drawdown	2.05	7.92	-5.87

FGRAX vs. FRDAX - Sharpe Ratio Comparison

The current FGRAX Sharpe Ratio is 0.56, which is lower than the FRDAX Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of FGRAX and FRDAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FGRAX vs. FRDAX - Drawdown Comparison

The maximum FGRAX drawdown since its inception was -78.79%, which is greater than FRDAX's maximum drawdown of -51.38%. Use the drawdown chart below to compare losses from any high point for FGRAX and FRDAX.

Drawdown Indicators

	FGRAX	FRDAX	Difference
Max Drawdown Largest peak-to-trough decline	-78.79%	-51.38%	-27.41%
Max Drawdown (1Y) Largest decline over 1 year	-15.82%	-7.09%	-8.73%
Max Drawdown (3Y) Largest decline over 3 years	-26.30%	-18.28%	-8.02%
Max Drawdown (5Y) Largest decline over 5 years	-40.30%	-20.93%	-19.37%
Max Drawdown (10Y) Largest decline over 10 years	-40.30%	-34.87%	-5.43%
Current Drawdown Current decline from peak	-3.99%	0.00%	-3.99%
Average Drawdown Average peak-to-trough decline	-28.64%	-6.40%	-22.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.00%	1.82%	+3.18%

Volatility

FGRAX vs. FRDAX - Volatility Comparison

Franklin Growth Opportunities Fund Class A (FGRAX) has a higher volatility of 6.32% compared to Franklin Rising Dividends Fund Advisor Class (FRDAX) at 2.65%. This indicates that FGRAX's price experiences larger fluctuations and is considered to be riskier than FRDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGRAX	FRDAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.32%	2.65%	+3.67%
Volatility (6M) Calculated over the trailing 6-month period	15.12%	7.77%	+7.35%
Volatility (1Y) Calculated over the trailing 1-year period	18.26%	10.31%	+7.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.87%	15.35%	+11.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.44%	17.11%	+7.33%

FGRAX vs. FRDAX - Expense Ratio Comparison

FGRAX has a 0.89% expense ratio, which is higher than FRDAX's 0.43% expense ratio.

Dividends

FGRAX vs. FRDAX - Dividend Comparison

FGRAX's dividend yield for the trailing twelve months is around 18.45%, more than FRDAX's 9.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGRAX Franklin Growth Opportunities Fund Class A	18.45%	19.73%	10.72%	13.47%	4.83%	28.81%	5.83%	17.52%	13.10%	8.71%	2.09%	2.04%
FRDAX Franklin Rising Dividends Fund Advisor Class	9.66%	10.53%	10.44%	4.85%	5.23%	4.65%	1.04%	3.25%	5.49%	3.23%	3.27%	5.58%

Frequently Asked Questions

Can I hold both FGRAX and FRDAX in my portfolio?

FGRAX and FRDAX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGRAX or FRDAX?

FGRAX has higher volatility (6.32%) compared to FRDAX (2.65%). In terms of maximum drawdown, FGRAX dropped -78.79% vs FRDAX's -51.38%.

Which has better risk-adjusted returns?

FRDAX currently has the higher Sharpe Ratio (1.40 vs 0.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.