FRNRX vs. GRHIX
Compare and contrast key facts about Franklin Natural Resources Fund (FRNRX) and Goehring & Rozencwajg Resources Fund (GRHIX).
FRNRX is managed by Franklin Templeton. It was launched on Jun 4, 1995. GRHIX is managed by Goehring & Rozencwajg. It was launched on Dec 29, 2016.
Performance
FRNRX vs. GRHIX - Performance Comparison
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FRNRX vs. GRHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRNRX Franklin Natural Resources Fund | 22.80% | 30.43% | 1.28% | 3.25% | 30.52% | 74.38% | -21.58% | 10.03% | -23.78% | -1.28% |
GRHIX Goehring & Rozencwajg Resources Fund | 21.33% | 61.65% | -1.51% | 16.61% | 16.38% | 62.15% | -2.74% | 0.01% | -30.03% | -0.96% |
Returns By Period
In the year-to-date period, FRNRX achieves a 22.80% return, which is significantly higher than GRHIX's 21.33% return.
FRNRX
- 1D
- 1.24%
- 1M
- -1.75%
- YTD
- 22.80%
- 6M
- 31.62%
- 1Y
- 50.36%
- 3Y*
- 19.66%
- 5Y*
- 25.93%
- 10Y*
- 12.31%
GRHIX
- 1D
- 1.27%
- 1M
- -4.03%
- YTD
- 21.33%
- 6M
- 30.10%
- 1Y
- 89.80%
- 3Y*
- 30.90%
- 5Y*
- 26.38%
- 10Y*
- —
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FRNRX vs. GRHIX - Expense Ratio Comparison
FRNRX has a 0.96% expense ratio, which is higher than GRHIX's 0.92% expense ratio.
Return for Risk
FRNRX vs. GRHIX — Risk / Return Rank
FRNRX
GRHIX
FRNRX vs. GRHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Natural Resources Fund (FRNRX) and Goehring & Rozencwajg Resources Fund (GRHIX). 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 | GRHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.45 | 3.12 | -0.67 |
Sortino ratioReturn per unit of downside risk | 3.02 | 3.48 | -0.45 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.50 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 3.12 | 5.65 | -2.53 |
Martin ratioReturn relative to average drawdown | 14.67 | 20.93 | -6.26 |
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
| FRNRX | GRHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.45 | 3.12 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 0.90 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.41 | -0.12 |
Correlation
The correlation between FRNRX and GRHIX is 0.90, 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
FRNRX vs. GRHIX - Dividend Comparison
FRNRX's dividend yield for the trailing twelve months is around 1.38%, less than GRHIX's 2.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRNRX Franklin Natural Resources Fund | 1.38% | 1.70% | 2.40% | 1.98% | 2.38% | 22.66% | 2.39% | 1.64% | 2.43% | 1.16% | 1.02% | 0.86% |
GRHIX Goehring & Rozencwajg Resources Fund | 2.80% | 3.39% | 4.02% | 3.19% | 1.21% | 3.25% | 2.03% | 0.57% | 1.18% | 0.51% | 0.00% | 0.00% |
Drawdowns
FRNRX vs. GRHIX - Drawdown Comparison
The maximum FRNRX drawdown since its inception was -80.54%, which is greater than GRHIX's maximum drawdown of -70.61%. Use the drawdown chart below to compare losses from any high point for FRNRX and GRHIX.
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Drawdown Indicators
| FRNRX | GRHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.54% | -70.61% | -9.93% |
Max Drawdown (1Y)Largest decline over 1 year | -16.68% | -16.02% | -0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -26.29% | -31.47% | +5.18% |
Max Drawdown (10Y)Largest decline over 10 years | -70.71% | — | — |
Current DrawdownCurrent decline from peak | -1.75% | -4.03% | +2.28% |
Average DrawdownAverage peak-to-trough decline | -23.95% | -18.48% | -5.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 4.34% | -0.79% |
Volatility
FRNRX vs. GRHIX - Volatility Comparison
The current volatility for Franklin Natural Resources Fund (FRNRX) is 5.41%, while Goehring & Rozencwajg Resources Fund (GRHIX) has a volatility of 8.04%. This indicates that FRNRX experiences smaller price fluctuations and is considered to be less risky than GRHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRNRX | GRHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 8.04% | -2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 13.83% | 20.99% | -7.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.09% | 29.26% | -8.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.82% | 29.52% | -3.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.70% | 29.67% | -0.97% |