FRAAX vs. FKUTX
FRAAX (Franklin Growth Opportunities Fund) and FKUTX (Franklin Utilities Fund) are both mutual funds - FRAAX is a Large Cap Growth Equities fund managed by Franklin Templeton, while FKUTX is a Utilities Equities fund managed by Franklin Templeton. Over the past 10 years, FRAAX returned 15.11%/yr vs 9.65%/yr for FKUTX. At a 0.37 correlation, their price movements are largely independent. FRAAX charges 0.65%/yr vs 0.72%/yr for FKUTX.
Performance
FRAAX vs. FKUTX - Performance Comparison
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Returns By Period
In the year-to-date period, FRAAX achieves a 7.23% return, which is significantly lower than FKUTX's 8.61% return. Over the past 10 years, FRAAX has outperformed FKUTX with an annualized return of 15.11%, while FKUTX has yielded a comparatively lower 9.65% annualized return.
FRAAX
- 1D
- -2.43%
- 1M
- 0.02%
- YTD
- 7.23%
- 6M
- 5.52%
- 1Y
- 12.13%
- 3Y*
- 18.64%
- 5Y*
- 4.82%
- 10Y*
- 15.11%
FKUTX
- 1D
- 0.78%
- 1M
- -0.73%
- YTD
- 8.61%
- 6M
- 8.34%
- 1Y
- 15.84%
- 3Y*
- 16.57%
- 5Y*
- 11.74%
- 10Y*
- 9.65%
FRAAX vs. FKUTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRAAX Franklin Growth Opportunities Fund | 7.23% | 8.35% | 26.35% | 39.92% | -36.97% | 9.71% | 45.79% | 46.13% | -1.10% | 29.12% |
FKUTX Franklin Utilities Fund | 8.61% | 14.59% | 27.18% | -4.91% | 1.67% | 18.00% | -1.87% | 27.28% | 2.54% | 9.58% |
Correlation
The correlation between FRAAX and FKUTX is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 1999 | 0.37 |
Over the past year, the correlation between FRAAX and FKUTX has dropped to 0.10 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.
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Return for Risk
FRAAX vs. FKUTX — Risk / Return Rank
FRAAX
FKUTX
FRAAX vs. FKUTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Growth Opportunities Fund (FRAAX) and Franklin Utilities Fund (FKUTX). 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.
| FRAAX | FKUTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.21 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 2.02 | -1.14 |
| Martin ratioReturn relative to average drawdown | 2.94 | 4.85 | -1.92 |
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Drawdowns
FRAAX vs. FKUTX - Drawdown Comparison
The maximum FRAAX drawdown since its inception was -78.63%, which is greater than FKUTX's maximum drawdown of -43.59%. Use the drawdown chart below to compare losses from any high point for FRAAX and FKUTX.
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Drawdown Indicators
| FRAAX | FKUTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.63% | -43.59% | -35.04% |
Max Drawdown (1Y)Largest decline over 1 year | -15.75% | -8.10% | -7.65% |
Max Drawdown (3Y)Largest decline over 3 years | -25.26% | -16.35% | -8.91% |
Max Drawdown (5Y)Largest decline over 5 years | -47.54% | -22.53% | -25.01% |
Max Drawdown (10Y)Largest decline over 10 years | -47.54% | -36.56% | -10.98% |
Current DrawdownCurrent decline from peak | -3.83% | -4.01% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -29.04% | -7.00% | -22.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.76% | 3.37% | +1.39% |
Volatility
FRAAX vs. FKUTX - Volatility Comparison
Franklin Growth Opportunities Fund (FRAAX) has a higher volatility of 7.60% compared to Franklin Utilities Fund (FKUTX) at 5.04%. This indicates that FRAAX's price experiences larger fluctuations and is considered to be riskier than FKUTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRAAX | FKUTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.60% | 5.04% | +2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 14.00% | 11.31% | +2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.29% | 14.07% | +3.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.38% | 16.89% | +6.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.57% | 18.86% | +3.71% |
FRAAX vs. FKUTX - Expense Ratio Comparison
FRAAX has a 0.65% expense ratio, which is lower than FKUTX's 0.72% expense ratio.
Dividends
FRAAX vs. FKUTX - Dividend Comparison
FRAAX's dividend yield for the trailing twelve months is around 15.41%, more than FKUTX's 7.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKUTX Franklin Utilities Fund | 7.12% | 7.70% | 8.66% | 6.47% | 3.73% | 4.96% | 9.88% | 4.29% | 5.83% | 3.55% | 2.76% | 6.14% |
FRAAX Franklin Growth Opportunities Fund | 15.41% | 16.52% | 9.57% | 11.80% | 4.31% | 0.48% | 5.29% | 16.03% | 12.10% | 8.13% | 1.97% | 1.93% |
Frequently Asked Questions
FRAAX and FKUTX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRAAX has higher volatility (7.60%) compared to FKUTX (5.04%). In terms of maximum drawdown, FRAAX dropped -78.63% vs FKUTX's -43.59%.
FKUTX currently has the higher Sharpe Ratio (1.17 vs 0.81), 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.
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