FRAAX vs. SPY
Compare and contrast key facts about Franklin Growth Opportunities Fund (FRAAX) and State Street SPDR S&P 500 ETF (SPY).
FRAAX is managed by Franklin Templeton. It was launched on Jun 23, 1999. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
FRAAX vs. SPY - Performance Comparison
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FRAAX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRAAX Franklin Growth Opportunities Fund | -8.23% | 8.35% | 26.35% | 39.92% | -36.97% | 9.71% | 45.79% | 46.13% | -1.10% | 29.12% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, FRAAX achieves a -8.23% return, which is significantly lower than SPY's -3.65% return. Over the past 10 years, FRAAX has underperformed SPY with an annualized return of 12.92%, while SPY has yielded a comparatively higher 14.06% annualized return.
FRAAX
- 1D
- 4.11%
- 1M
- -5.71%
- YTD
- -8.23%
- 6M
- -9.42%
- 1Y
- 8.93%
- 3Y*
- 16.46%
- 5Y*
- 4.09%
- 10Y*
- 12.92%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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FRAAX vs. SPY - Expense Ratio Comparison
FRAAX has a 0.65% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
FRAAX vs. SPY — Risk / Return Rank
FRAAX
SPY
FRAAX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Growth Opportunities Fund (FRAAX) and State Street SPDR S&P 500 ETF (SPY). 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.
| FRAAX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.46 | 0.96 | -0.50 |
Sortino ratioReturn per unit of downside risk | 0.83 | 1.49 | -0.66 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.23 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.60 | 1.53 | -0.93 |
Martin ratioReturn relative to average drawdown | 2.01 | 7.27 | -5.26 |
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
| FRAAX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 0.96 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.70 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.79 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.56 | -0.17 |
Correlation
The correlation between FRAAX and SPY is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FRAAX vs. SPY - Dividend Comparison
FRAAX's dividend yield for the trailing twelve months is around 18.00%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRAAX Franklin Growth Opportunities Fund | 18.00% | 16.52% | 9.57% | 11.80% | 4.31% | 0.48% | 5.29% | 16.03% | 12.10% | 8.13% | 1.97% | 1.93% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
FRAAX vs. SPY - Drawdown Comparison
The maximum FRAAX drawdown since its inception was -78.63%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FRAAX and SPY.
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Drawdown Indicators
| FRAAX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.63% | -55.19% | -23.44% |
Max Drawdown (1Y)Largest decline over 1 year | -15.75% | -12.05% | -3.70% |
Max Drawdown (5Y)Largest decline over 5 years | -47.54% | -24.50% | -23.04% |
Max Drawdown (10Y)Largest decline over 10 years | -47.54% | -33.72% | -13.82% |
Current DrawdownCurrent decline from peak | -12.29% | -5.53% | -6.76% |
Average DrawdownAverage peak-to-trough decline | -29.27% | -9.09% | -20.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.72% | 2.54% | +2.18% |
Volatility
FRAAX vs. SPY - Volatility Comparison
Franklin Growth Opportunities Fund (FRAAX) has a higher volatility of 7.48% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that FRAAX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRAAX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.48% | 5.35% | +2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 12.92% | 9.50% | +3.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.90% | 19.06% | +2.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.24% | 17.06% | +6.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.47% | 17.92% | +4.55% |