FHRRX vs. GFI

Last updated Jun 5, 2026

FHRRX (Franklin High Income Fund) is High Yield Bonds fund managed by Franklin Templeton, while GFI (Gold Fields Limited) is a stock. Over the past 10 years, FHRRX returned 6.08%/yr vs 28.55%/yr for GFI. At a 0.05 correlation, their price movements are largely independent.

Performance

FHRRX vs. GFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin High Income Fund (FHRRX) and Gold Fields Limited (GFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHRRX achieves a 0.46% return, which is significantly higher than GFI's -7.79% return. Over the past 10 years, FHRRX has underperformed GFI with an annualized return of 6.08%, while GFI has yielded a comparatively higher 28.55% annualized return.

FHRRX

• 1D: -0.57%
• 1M: -0.03%
• YTD: 0.46%
• 6M: 1.57%
• 1Y: 6.18%
• 3Y*: 8.42%
• 5Y*: 4.43%
• 10Y*: 6.08%

GFI

• 1D: 3.11%
• 1M: -6.30%
• YTD: -7.79%
• 6M: -3.27%
• 1Y: 62.49%
• 3Y*: 40.22%
• 5Y*: 32.18%
• 10Y*: 28.55%

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

FHRRX vs. GFI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FHRRX Franklin High Income Fund	0.46%	7.51%	8.12%	14.21%	-9.60%	5.78%	6.49%	15.26%	-3.45%	7.02%
GFI Gold Fields Limited	-7.79%	240.42%	-6.27%	44.90%	-2.61%	23.33%	43.02%	89.47%	-16.75%	45.29%

Correlation

The correlation between FHRRX and GFI is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (10Y) Calculated over the trailing 10-year period	0.07
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	0.05

The correlation between FHRRX and GFI shifts across timeframes, from 0.05 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FHRRX vs. GFI — Risk / Return Rank

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

FHRRX

FHRRX Risk / Return Rank: 55
FHRRX Sharpe Ratio Rank: 32
FHRRX Sortino Ratio Rank: 36
FHRRX Omega Ratio Rank: 87
FHRRX Calmar Ratio Rank: 50
FHRRX Martin Ratio Rank: 71

GFI

GFI Risk / Return Rank: 71
GFI Sharpe Ratio Rank: 73
GFI Sortino Ratio Rank: 68
GFI Omega Ratio Rank: 68
GFI Calmar Ratio Rank: 72
GFI Martin Ratio Rank: 72

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.

FHRRX vs. GFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin High Income Fund (FHRRX) and Gold Fields Limited (GFI). 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.

	FHRRX	GFI	Difference
Sharpe ratio: Return per unit of total volatility	1.59	1.07	+0.53
Sortino ratio: Return per unit of downside risk	2.45	1.61	+0.84
Omega ratio: Gain probability vs. loss probability	1.61	1.21	+0.40
Calmar ratio: Return relative to maximum drawdown	2.68	1.72	+0.96
Martin ratio: Return relative to average drawdown	13.38	4.10	+9.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHRRX vs. GFI - Sharpe Ratio Comparison

The current FHRRX Sharpe Ratio is 1.59, which is higher than the GFI Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of FHRRX and GFI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FHRRX	GFI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	1.07	+0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.62	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.97	0.52	+0.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.13	+0.56

Drawdowns

FHRRX vs. GFI - Drawdown Comparison

The maximum FHRRX drawdown since its inception was -21.17%, smaller than the maximum GFI drawdown of -88.05%. Use the drawdown chart below to compare losses from any high point for FHRRX and GFI.

Drawdown Indicators

	FHRRX	GFI	Difference
Max Drawdown Largest peak-to-trough decline	-21.17%	-88.05%	+66.88%
Max Drawdown (1Y) Largest decline over 1 year	-2.32%	-36.52%	+34.20%
Max Drawdown (3Y) Largest decline over 3 years	-4.57%	-36.52%	+31.95%
Max Drawdown (5Y) Largest decline over 5 years	-14.02%	-56.22%	+42.20%
Max Drawdown (10Y) Largest decline over 10 years	-20.48%	-63.09%	+42.61%
Current Drawdown Current decline from peak	-0.57%	-34.55%	+33.98%
Average Drawdown Average peak-to-trough decline	-2.85%	-44.26%	+41.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.46%	15.30%	-14.84%

Volatility

FHRRX vs. GFI - Volatility Comparison

The current volatility for Franklin High Income Fund (FHRRX) is 1.17%, while Gold Fields Limited (GFI) has a volatility of 18.01%. This indicates that FHRRX experiences smaller price fluctuations and is considered to be less risky than GFI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHRRX	GFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.17%	18.01%	-16.84%
Volatility (6M) Calculated over the trailing 6-month period	2.98%	45.36%	-42.38%
Volatility (1Y) Calculated over the trailing 1-year period	3.93%	58.97%	-55.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.87%	52.19%	-46.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.27%	54.85%	-48.58%

Dividends

FHRRX vs. GFI - Dividend Comparison

FHRRX's dividend yield for the trailing twelve months is around 6.07%, more than GFI's 4.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FHRRX Franklin High Income Fund	6.07%	4.91%	6.63%	6.36%	6.28%	5.09%	5.48%	5.71%	6.36%	5.74%	6.14%	7.53%
GFI Gold Fields Limited	4.71%	1.77%	2.94%	2.87%	3.40%	3.24%	1.72%	0.81%	1.61%	1.41%	1.35%	0.60%

Frequently Asked Questions

Can I hold both FHRRX and GFI in my portfolio?

FHRRX and GFI have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FHRRX or GFI?

GFI has higher volatility (18.01%) compared to FHRRX (1.17%). In terms of maximum drawdown, FHRRX dropped -21.17% vs GFI's -88.05%.

Which has better risk-adjusted returns?

FHRRX currently has the higher Sharpe Ratio (1.59 vs 1.07), 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.