FRAAX vs. PROVX
FRAAX (Franklin Growth Opportunities Fund) and PROVX (Provident Trust Strategy Fund) are both Large Cap Growth Equities funds. Over the past 10 years, FRAAX returned 13.87%/yr vs 13.08%/yr for PROVX. Their correlation of 0.81 means they have usually moved in the same direction. FRAAX charges 0.65%/yr vs 0.93%/yr for PROVX.
Performance
FRAAX vs. PROVX - Performance Comparison
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Returns By Period
In the year-to-date period, FRAAX achieves a 4.16% return, which is significantly lower than PROVX's 4.50% return. Over the past 10 years, FRAAX has outperformed PROVX with an annualized return of 13.87%, while PROVX has yielded a comparatively lower 13.08% annualized return.
FRAAX
- 1D
- 2.85%
- 1M
- -3.60%
- 6M
- 5.12%
- YTD
- 4.16%
- 1Y
- 7.48%
- 3Y*
- 15.33%
- 5Y*
- 3.72%
- 10Y*
- 13.87%
- ALL TIME*
- 10.39%
PROVX
- 1D
- -0.80%
- 1M
- -1.00%
- 6M
- 0.92%
- YTD
- 4.50%
- 1Y
- 19.85%
- 3Y*
- 14.26%
- 5Y*
- 6.74%
- 10Y*
- 13.08%
- ALL TIME*
- 8.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FRAAX vs. PROVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRAAX Franklin Growth Opportunities Fund | 4.16% | 8.35% | 26.35% | 39.92% | -36.97% | 9.71% | 45.79% | 46.13% | -1.10% | 29.12% |
PROVX Provident Trust Strategy Fund | 4.50% | 13.10% | 19.73% | 17.59% | -22.62% | 31.96% | 19.47% | 25.71% | -1.31% | 29.40% |
Correlation
The correlation between FRAAX and PROVX is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 1999 | 0.81 |
Over the past year, the correlation between FRAAX and PROVX has dropped to 0.46 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
FRAAX vs. PROVX — Risk / Return Rank
FRAAX
PROVX
FRAAX vs. PROVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Growth Opportunities Fund (FRAAX) and Provident Trust Strategy Fund (PROVX). 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 | PROVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.24 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 1.40 | -1.03 |
| Martin ratioReturn relative to average drawdown | 1.16 | 4.88 | -3.72 |
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Drawdowns
FRAAX vs. PROVX - Drawdown Comparison
The maximum FRAAX drawdown since its inception was -78.63%, which is greater than PROVX's maximum drawdown of -57.65%. Use the drawdown chart below to compare losses from any high point for FRAAX and PROVX.
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Drawdown Indicators
| FRAAX | PROVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.63% | -57.65% | -20.98% |
Max Drawdown (1Y)Largest decline over 1 year | -15.75% | -12.54% | -3.21% |
Max Drawdown (3Y)Largest decline over 3 years | -25.26% | -15.92% | -9.34% |
Max Drawdown (5Y)Largest decline over 5 years | -47.54% | -27.48% | -20.06% |
Max Drawdown (10Y)Largest decline over 10 years | -47.54% | -27.48% | -20.06% |
Current DrawdownCurrent decline from peak | -6.59% | -1.60% | -4.99% |
Average DrawdownAverage peak-to-trough decline | -28.95% | -13.14% | -15.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.95% | 3.59% | +1.36% |
Volatility
FRAAX vs. PROVX - Volatility Comparison
Franklin Growth Opportunities Fund (FRAAX) has a higher volatility of 6.10% compared to Provident Trust Strategy Fund (PROVX) at 4.58%. This indicates that FRAAX's price experiences larger fluctuations and is considered to be riskier than PROVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRAAX | PROVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 4.58% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 15.05% | 10.44% | +4.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.23% | 13.10% | +5.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.53% | 15.77% | +7.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.61% | 16.18% | +6.43% |
FRAAX vs. PROVX - Expense Ratio Comparison
FRAAX has a 0.65% expense ratio, which is lower than PROVX's 0.93% expense ratio.
Dividends
FRAAX vs. PROVX - Dividend Comparison
FRAAX's dividend yield for the trailing twelve months is around 15.86%, less than PROVX's 16.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRAAX Franklin Growth Opportunities Fund | 15.86% | 16.52% | 9.57% | 11.80% | 4.31% | 0.48% | 5.29% | 16.03% | 12.10% | 8.13% | 1.97% | 1.93% |
PROVX Provident Trust Strategy Fund | 16.07% | 16.80% | 6.94% | 4.61% | 19.17% | 0.35% | 9.04% | 4.40% | 5.80% | 1.54% | 1.92% | 7.73% |
Frequently Asked Questions
FRAAX and PROVX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRAAX has higher volatility (6.10%) compared to PROVX (4.58%). In terms of maximum drawdown, FRAAX dropped -78.63% vs PROVX's -57.65%.
PROVX currently has the higher Sharpe Ratio (1.34 vs 0.32), 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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