FGRAX vs. FVCAX
Compare and contrast key facts about Franklin Growth Opportunities Fund Class A (FGRAX) and Franklin California High Yield Municipal Fund Advisor Class (FVCAX).
FGRAX is an actively managed fund by Franklin. It was launched on Jun 23, 1999. FVCAX is an actively managed fund by Franklin. It was launched on May 3, 1993.
Performance
FGRAX vs. FVCAX - Performance Comparison
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FGRAX vs. FVCAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGRAX Franklin Growth Opportunities Fund Class A | -8.27% | 8.10% | 25.65% | 39.54% | -37.14% | 48.19% | 45.48% | 46.91% | -1.32% | 28.78% |
FVCAX Franklin California High Yield Municipal Fund Advisor Class | -0.32% | 4.77% | 4.98% | 4.66% | -11.86% | 3.97% | 4.64% | 10.29% | 1.15% | 6.87% |
Returns By Period
In the year-to-date period, FGRAX achieves a -8.27% return, which is significantly lower than FVCAX's -0.32% return. Over the past 10 years, FGRAX has outperformed FVCAX with an annualized return of 16.17%, while FVCAX has yielded a comparatively lower 2.65% annualized 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%
FVCAX
- 1D
- 0.31%
- 1M
- -2.03%
- YTD
- -0.32%
- 6M
- 1.33%
- 1Y
- 3.40%
- 3Y*
- 4.14%
- 5Y*
- 0.94%
- 10Y*
- 2.65%
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FGRAX vs. FVCAX - Expense Ratio Comparison
FGRAX has a 0.89% expense ratio, which is higher than FVCAX's 0.55% expense ratio.
Return for Risk
FGRAX vs. FVCAX — Risk / Return Rank
FGRAX
FVCAX
FGRAX vs. FVCAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Growth Opportunities Fund Class A (FGRAX) and Franklin California High Yield Municipal Fund Advisor Class (FVCAX). 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 | FVCAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.45 | 0.69 | -0.24 |
Sortino ratioReturn per unit of downside risk | 0.82 | 0.95 | -0.13 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.18 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.59 | 0.88 | -0.29 |
Martin ratioReturn relative to average drawdown | 1.95 | 2.56 | -0.61 |
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 | FVCAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 0.69 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.20 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.55 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.85 | -0.43 |
Correlation
The correlation between FGRAX and FVCAX is -0.08. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
FGRAX vs. FVCAX - Dividend Comparison
FGRAX's dividend yield for the trailing twelve months is around 21.51%, more than FVCAX's 4.45% 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% |
FVCAX Franklin California High Yield Municipal Fund Advisor Class | 4.45% | 5.82% | 4.87% | 3.46% | 3.65% | 3.10% | 3.30% | 4.06% | 3.85% | 3.45% | 3.86% | 4.06% |
Drawdowns
FGRAX vs. FVCAX - Drawdown Comparison
The maximum FGRAX drawdown since its inception was -78.79%, which is greater than FVCAX's maximum drawdown of -24.06%. Use the drawdown chart below to compare losses from any high point for FGRAX and FVCAX.
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Drawdown Indicators
| FGRAX | FVCAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.79% | -24.06% | -54.73% |
Max Drawdown (1Y)Largest decline over 1 year | -15.82% | -5.30% | -10.52% |
Max Drawdown (5Y)Largest decline over 5 years | -40.30% | -17.59% | -22.71% |
Max Drawdown (10Y)Largest decline over 10 years | -40.30% | -17.59% | -22.71% |
Current DrawdownCurrent decline from peak | -12.35% | -2.33% | -10.02% |
Average DrawdownAverage peak-to-trough decline | -28.97% | -3.59% | -25.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.74% | 1.81% | +2.93% |
Volatility
FGRAX vs. FVCAX - Volatility Comparison
Franklin Growth Opportunities Fund Class A (FGRAX) has a higher volatility of 7.46% compared to Franklin California High Yield Municipal Fund Advisor Class (FVCAX) at 1.19%. This indicates that FGRAX's price experiences larger fluctuations and is considered to be riskier than FVCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGRAX | FVCAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.46% | 1.19% | +6.27% |
Volatility (6M)Calculated over the trailing 6-month period | 12.91% | 1.91% | +11.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.88% | 5.51% | +16.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.59% | 4.66% | +21.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.29% | 4.82% | +19.47% |