FRNRX vs. ^SP500TR
FRNRX (Franklin Natural Resources Fund) is Energy Equities fund managed by Franklin Templeton, while ^SP500TR (S&P 500 Total Return) is an index. Over the past 10 years, FRNRX returned 10.79%/yr vs 15.17%/yr for ^SP500TR. Their 0.59 correlation means they have sometimes moved together and sometimes differently.
Performance
FRNRX vs. ^SP500TR - Performance Comparison
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Returns By Period
In the year-to-date period, FRNRX achieves a 19.30% return, which is significantly higher than ^SP500TR's 10.14% return. Over the past 10 years, FRNRX has underperformed ^SP500TR with an annualized return of 10.79%, while ^SP500TR has yielded a comparatively higher 15.17% annualized return.
FRNRX
- 1D
- 1.73%
- 1M
- 3.32%
- 6M
- 6.24%
- YTD
- 19.30%
- 1Y
- 44.40%
- 3Y*
- 15.13%
- 5Y*
- 24.96%
- 10Y*
- 10.79%
- ALL TIME*
- 7.79%
^SP500TR
- 1D
- 0.71%
- 1M
- 0.14%
- 6M
- 8.56%
- YTD
- 10.14%
- 1Y
- 21.50%
- 3Y*
- 19.43%
- 5Y*
- 12.86%
- 10Y*
- 15.17%
- ALL TIME*
- 11.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^SP500TR S&P 500 Total Return | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
FRNRX vs. ^SP500TR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRNRX Franklin Natural Resources Fund | 19.30% | 30.43% | 1.28% | 3.25% | 30.52% | 74.38% | -21.58% | 10.03% | -23.78% | 0.32% |
^SP500TR S&P 500 Total Return | 10.14% | 17.88% | 25.02% | 26.29% | -18.11% | 28.71% | 18.40% | 31.49% | -4.38% | 21.83% |
Correlation
The correlation between FRNRX and ^SP500TR is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.50 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 1995 | 0.59 |
Over the past year, the correlation between FRNRX and ^SP500TR has dropped to 0.36 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
FRNRX vs. ^SP500TR — Risk / Return Rank
FRNRX
^SP500TR
FRNRX vs. ^SP500TR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Natural Resources Fund (FRNRX) and S&P 500 Total Return (^SP500TR). 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.
| FRNRX | ^SP500TR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.27 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.43 | 2.21 | +2.22 |
| Martin ratioReturn relative to average drawdown | 13.58 | 9.49 | +4.08 |
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Drawdowns
FRNRX vs. ^SP500TR - Drawdown Comparison
The maximum FRNRX drawdown since its inception was -80.54%, which is greater than ^SP500TR's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for FRNRX and ^SP500TR.
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Drawdown Indicators
| FRNRX | ^SP500TR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.54% | -55.25% | -25.29% |
Max Drawdown (1Y)Largest decline over 1 year | -9.62% | -8.89% | -0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -19.65% | -18.75% | -0.90% |
Max Drawdown (5Y)Largest decline over 5 years | -26.29% | -24.49% | -1.80% |
Max Drawdown (10Y)Largest decline over 10 years | -70.71% | -33.79% | -36.92% |
Current DrawdownCurrent decline from peak | -5.34% | -1.41% | -3.93% |
Average DrawdownAverage peak-to-trough decline | -23.74% | -8.14% | -15.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 2.07% | +1.07% |
Volatility
FRNRX vs. ^SP500TR - Volatility Comparison
Franklin Natural Resources Fund (FRNRX) has a higher volatility of 4.34% compared to S&P 500 Total Return (^SP500TR) at 3.52%. This indicates that FRNRX's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRNRX | ^SP500TR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 3.52% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 13.40% | 10.11% | +3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.25% | 12.87% | +4.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.38% | 17.01% | +8.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.46% | 18.07% | +10.39% |
Frequently Asked Questions
FRNRX and ^SP500TR have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRNRX has higher volatility (4.34%) compared to ^SP500TR (3.52%). In terms of maximum drawdown, FRNRX dropped -80.54% vs ^SP500TR's -55.25%.
FRNRX currently has the higher Sharpe Ratio (2.49 vs 1.53), 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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