FRNRX vs. ^SP500TR

Last updated Apr 3, 2026

Compare and contrast key facts about Franklin Natural Resources Fund (FRNRX) and S&P 500 Total Return (^SP500TR).

FRNRX is managed by Franklin Templeton. It was launched on Jun 4, 1995.

Performance

FRNRX vs. ^SP500TR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Natural Resources Fund (FRNRX) and S&P 500 Total Return (^SP500TR). The values are adjusted to include any dividend payments, if applicable.

FRNRX vs. ^SP500TR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FRNRX Franklin Natural Resources Fund	21.76%	30.43%	1.28%	3.25%	30.52%	74.38%	-21.58%	10.03%	-23.78%	0.32%
^SP500TR S&P 500 Total Return	-3.53%	17.88%	25.02%	26.29%	-18.11%	28.71%	18.40%	31.49%	-4.38%	21.83%

Returns By Period

In the year-to-date period, FRNRX achieves a 21.76% return, which is significantly higher than ^SP500TR's -3.53% return. Over the past 10 years, FRNRX has underperformed ^SP500TR with an annualized return of 12.21%, while ^SP500TR has yielded a comparatively higher 14.22% annualized return.

FRNRX

• 1D: -0.85%
• 1M: 0.27%
• YTD: 21.76%
• 6M: 31.00%
• 1Y: 48.54%
• 3Y*: 19.32%
• 5Y*: 25.72%
• 10Y*: 12.21%

^SP500TR

• 1D: 0.12%
• 1M: -3.32%
• YTD: -3.53%
• 6M: -1.37%
• 1Y: 17.55%
• 3Y*: 18.50%
• 5Y*: 11.99%
• 10Y*: 14.22%

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

Return for Risk

FRNRX vs. ^SP500TR — Risk / Return Rank

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

FRNRX

FRNRX Risk / Return Rank: 93
FRNRX Sharpe Ratio Rank: 95
FRNRX Sortino Ratio Rank: 92
FRNRX Omega Ratio Rank: 91
FRNRX Calmar Ratio Rank: 92
FRNRX Martin Ratio Rank: 95

^SP500TR

^SP500TR Risk / Return Rank: 68
^SP500TR Sharpe Ratio Rank: 64
^SP500TR Sortino Ratio Rank: 68
^SP500TR Omega Ratio Rank: 71
^SP500TR Calmar Ratio Rank: 60
^SP500TR Martin Ratio Rank: 79

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.

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.

	FRNRX	^SP500TR	Difference
Sharpe ratio Return per unit of total volatility	2.34	0.96	+1.37
Sortino ratio Return per unit of downside risk	2.91	1.48	+1.44
Omega ratio Gain probability vs. loss probability	1.44	1.23	+0.21
Calmar ratio Return relative to maximum drawdown	3.00	1.51	+1.49
Martin ratio Return relative to average drawdown	14.11	7.14	+6.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FRNRX vs. ^SP500TR - Sharpe Ratio Comparison

The current FRNRX Sharpe Ratio is 2.34, which is higher than the ^SP500TR Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of FRNRX and ^SP500TR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FRNRX	^SP500TR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	0.96	+1.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.00	0.71	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.79	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.62	-0.34

Correlation

The correlation between FRNRX and ^SP500TR is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

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.

Drawdown Indicators

	FRNRX	^SP500TR	Difference
Max Drawdown Largest peak-to-trough decline	-80.54%	-55.25%	-25.29%
Max Drawdown (1Y) Largest decline over 1 year	-11.07%	-8.89%	-2.18%
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 Drawdown Current decline from peak	-2.58%	-5.44%	+2.86%
Average Drawdown Average peak-to-trough decline	-23.95%	-8.20%	-15.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.55%	2.57%	+0.98%

Volatility

FRNRX vs. ^SP500TR - Volatility Comparison

The current volatility for Franklin Natural Resources Fund (FRNRX) is 4.62%, while S&P 500 Total Return (^SP500TR) has a volatility of 5.30%. This indicates that FRNRX experiences smaller price fluctuations and is considered to be less risky than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRNRX	^SP500TR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.62%	5.30%	-0.68%
Volatility (6M) Calculated over the trailing 6-month period	13.86%	9.55%	+4.31%
Volatility (1Y) Calculated over the trailing 1-year period	21.11%	18.32%	+2.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.80%	16.90%	+8.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.70%	18.04%	+10.66%