FRNRX vs. SHAPX
Compare and contrast key facts about Franklin Natural Resources Fund (FRNRX) and ClearBridge Appreciation Fund (SHAPX).
FRNRX is managed by Franklin Templeton. It was launched on Jun 4, 1995. SHAPX is managed by Franklin Templeton. It was launched on Mar 10, 1970.
Performance
FRNRX vs. SHAPX - Performance Comparison
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FRNRX vs. SHAPX - 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% | 0.32% |
SHAPX ClearBridge Appreciation Fund | -3.71% | 14.32% | 22.37% | 19.50% | -12.56% | 23.52% | 14.53% | 29.84% | -2.19% | 18.31% |
Returns By Period
In the year-to-date period, FRNRX achieves a 22.80% return, which is significantly higher than SHAPX's -3.71% return. Both investments have delivered pretty close results over the past 10 years, with FRNRX having a 12.31% annualized return and SHAPX not far behind at 12.29%.
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%
SHAPX
- 1D
- 2.70%
- 1M
- -5.35%
- YTD
- -3.71%
- 6M
- -2.94%
- 1Y
- 13.34%
- 3Y*
- 15.60%
- 5Y*
- 10.41%
- 10Y*
- 12.29%
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FRNRX vs. SHAPX - Expense Ratio Comparison
FRNRX has a 0.96% expense ratio, which is higher than SHAPX's 0.93% expense ratio.
Return for Risk
FRNRX vs. SHAPX — Risk / Return Rank
FRNRX
SHAPX
FRNRX vs. SHAPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Natural Resources Fund (FRNRX) and ClearBridge Appreciation Fund (SHAPX). 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 | SHAPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.45 | 0.85 | +1.59 |
Sortino ratioReturn per unit of downside risk | 3.02 | 1.33 | +1.69 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.20 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 3.12 | 1.36 | +1.76 |
Martin ratioReturn relative to average drawdown | 14.67 | 6.17 | +8.49 |
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 | SHAPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.45 | 0.85 | +1.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 0.70 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.74 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.78 | -0.49 |
Correlation
The correlation between FRNRX and SHAPX is 0.61, 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.
Dividends
FRNRX vs. SHAPX - Dividend Comparison
FRNRX's dividend yield for the trailing twelve months is around 1.38%, less than SHAPX's 14.62% 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% |
SHAPX ClearBridge Appreciation Fund | 14.62% | 14.08% | 9.00% | 4.17% | 8.85% | 6.54% | 4.13% | 7.09% | 6.71% | 5.10% | 3.29% | 4.76% |
Drawdowns
FRNRX vs. SHAPX - Drawdown Comparison
The maximum FRNRX drawdown since its inception was -80.54%, which is greater than SHAPX's maximum drawdown of -46.19%. Use the drawdown chart below to compare losses from any high point for FRNRX and SHAPX.
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Drawdown Indicators
| FRNRX | SHAPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.54% | -46.19% | -34.35% |
Max Drawdown (1Y)Largest decline over 1 year | -16.68% | -10.57% | -6.11% |
Max Drawdown (5Y)Largest decline over 5 years | -26.29% | -20.53% | -5.76% |
Max Drawdown (10Y)Largest decline over 10 years | -70.71% | -32.21% | -38.50% |
Current DrawdownCurrent decline from peak | -1.75% | -6.27% | +4.52% |
Average DrawdownAverage peak-to-trough decline | -23.95% | -4.79% | -19.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 2.33% | +1.22% |
Volatility
FRNRX vs. SHAPX - Volatility Comparison
Franklin Natural Resources Fund (FRNRX) has a higher volatility of 5.41% compared to ClearBridge Appreciation Fund (SHAPX) at 4.83%. This indicates that FRNRX's price experiences larger fluctuations and is considered to be riskier than SHAPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRNRX | SHAPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 4.83% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 13.83% | 8.30% | +5.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.09% | 16.09% | +5.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.82% | 14.89% | +10.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.70% | 16.72% | +11.98% |