FGRAX vs. POGRX

Last updated Aug 5, 2026

FGRAX (Franklin Growth Opportunities Fund Class A) and POGRX (PRIMECAP Odyssey Growth Fund) are both mutual funds - FGRAX is a Large Cap Growth Equities fund actively managed by Franklin, while POGRX is a Large Cap Blend Equities fund actively managed by PRIMECAP Odyssey Funds. Both are actively managed. Over the past 10 years, FGRAX returned 17.38%/yr vs 16.39%/yr for POGRX. Their correlation of 0.88 means they have usually moved in the same direction. FGRAX charges 0.89%/yr vs 0.66%/yr for POGRX.

Performance

FGRAX vs. POGRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Growth Opportunities Fund Class A (FGRAX) and PRIMECAP Odyssey Growth Fund (POGRX). 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 POGRX's 23.81% return. Over the past 10 years, FGRAX has outperformed POGRX with an annualized return of 17.38%, while POGRX has yielded a comparatively lower 16.39% 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%

POGRX

• 1D: 1.20%
• 1M: -3.28%
• 6M: 17.32%
• YTD: 23.81%
• 1Y: 51.20%
• 3Y*: 26.63%
• 5Y*: 15.00%
• 10Y*: 16.39%
• ALL TIME*: 12.99%

*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
POGRX PRIMECAP Odyssey Growth Fund	$0.00	$0.00	$0.00

FGRAX vs. POGRX - 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%
POGRX PRIMECAP Odyssey Growth Fund	23.81%	32.99%	13.09%	23.85%	-14.61%	18.81%	17.05%	23.98%	-4.56%	32.07%

Correlation

The correlation between FGRAX and POGRX is 0.80, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.79
Correlation (5Y) Shows whether the relationship held over a longer period.	0.85
Correlation (10Y) Provides a long-term view across more market conditions.	0.83
Correlation (All Time) Calculated using the full available price history since Nov 3, 2004	0.88

The correlation between FGRAX and POGRX has been stable across timeframes, ranging from 0.79 to 0.88 - a consistent structural relationship.

Return for Risk

FGRAX vs. POGRX — 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

POGRX

POGRX Risk / Return Rank: 91
POGRX Sharpe Ratio Rank: 94
POGRX Sortino Ratio Rank: 91
POGRX Omega Ratio Rank: 87
POGRX Calmar Ratio Rank: 91
POGRX Martin Ratio Rank: 91

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. POGRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Growth Opportunities Fund Class A (FGRAX) and PRIMECAP Odyssey Growth Fund (POGRX). 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	POGRX	Difference
Sharpe ratio: Return per unit of total volatility	0.56	2.53	-1.96
Sortino ratio: Return per unit of downside risk	0.90	3.38	-2.48
Omega ratio: Gain probability vs. loss probability	1.11	1.44	-0.33
Calmar ratio: Return relative to maximum drawdown	0.65	3.73	-3.08
Martin ratio: Return relative to average drawdown	2.05	13.37	-11.31

FGRAX vs. POGRX - Sharpe Ratio Comparison

The current FGRAX Sharpe Ratio is 0.56, which is lower than the POGRX Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of FGRAX and POGRX, 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. POGRX - Drawdown Comparison

The maximum FGRAX drawdown since its inception was -78.79%, which is greater than POGRX's maximum drawdown of -51.63%. Use the drawdown chart below to compare losses from any high point for FGRAX and POGRX.

Drawdown Indicators

	FGRAX	POGRX	Difference
Max Drawdown Largest peak-to-trough decline	-78.79%	-51.63%	-27.16%
Max Drawdown (1Y) Largest decline over 1 year	-15.82%	-14.40%	-1.42%
Max Drawdown (3Y) Largest decline over 3 years	-26.30%	-22.13%	-4.17%
Max Drawdown (5Y) Largest decline over 5 years	-40.30%	-26.85%	-13.45%
Max Drawdown (10Y) Largest decline over 10 years	-40.30%	-35.29%	-5.01%
Current Drawdown Current decline from peak	-3.99%	-7.51%	+3.52%
Average Drawdown Average peak-to-trough decline	-28.64%	-7.11%	-21.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.00%	4.01%	+0.99%

Volatility

FGRAX vs. POGRX - Volatility Comparison

The current volatility for Franklin Growth Opportunities Fund Class A (FGRAX) is 6.32%, while PRIMECAP Odyssey Growth Fund (POGRX) has a volatility of 7.16%. This indicates that FGRAX experiences smaller price fluctuations and is considered to be less risky than POGRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGRAX	POGRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.32%	7.16%	-0.84%
Volatility (6M) Calculated over the trailing 6-month period	15.12%	18.10%	-2.98%
Volatility (1Y) Calculated over the trailing 1-year period	18.26%	21.28%	-3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.87%	20.22%	+6.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.44%	20.67%	+3.77%

FGRAX vs. POGRX - Expense Ratio Comparison

FGRAX has a 0.89% expense ratio, which is higher than POGRX's 0.66% expense ratio.

Dividends

FGRAX vs. POGRX - Dividend Comparison

FGRAX's dividend yield for the trailing twelve months is around 18.45%, less than POGRX's 20.10% 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%
POGRX PRIMECAP Odyssey Growth Fund	20.10%	24.89%	20.79%	13.28%	12.36%	13.68%	12.50%	5.13%	2.45%	1.54%	5.83%	1.29%

Frequently Asked Questions

Can I hold both FGRAX and POGRX in my portfolio?

FGRAX and POGRX have a correlation of 0.80, 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 POGRX?

POGRX has higher volatility (7.16%) compared to FGRAX (6.32%). In terms of maximum drawdown, FGRAX dropped -78.79% vs POGRX's -51.63%.

Which has better risk-adjusted returns?

POGRX currently has the higher Sharpe Ratio (2.53 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.