FRURX vs. SHRAX

Last updated Jun 5, 2026

FRURX (Franklin Utilities Fund Class R) and SHRAX (ClearBridge Aggressive Growth Fund) are both mutual funds - FRURX is a Utilities Equities fund tracking the S&P 500 Utilities Index, while SHRAX is a Large Cap Blend Equities fund managed by Franklin Templeton. Over the past 10 years, FRURX returned 9.10%/yr vs 7.97%/yr for SHRAX. At a 0.47 correlation, their price movements are largely independent. FRURX charges 1.07%/yr vs 1.11%/yr for SHRAX.

Performance

FRURX vs. SHRAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Utilities Fund Class R (FRURX) and ClearBridge Aggressive Growth Fund (SHRAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FRURX achieves a 5.32% return, which is significantly higher than SHRAX's 2.93% return. Over the past 10 years, FRURX has outperformed SHRAX with an annualized return of 9.10%, while SHRAX has yielded a comparatively lower 7.97% annualized return.

FRURX

• 1D: -0.36%
• 1M: -5.10%
• YTD: 5.32%
• 6M: 4.07%
• 1Y: 13.61%
• 3Y*: 15.22%
• 5Y*: 10.10%
• 10Y*: 9.10%

SHRAX

• 1D: -0.92%
• 1M: 5.94%
• YTD: 2.93%
• 6M: 1.03%
• 1Y: 10.16%
• 3Y*: 13.92%
• 5Y*: 3.39%
• 10Y*: 7.97%

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

FRURX vs. SHRAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FRURX Franklin Utilities Fund Class R	5.32%	14.28%	26.66%	-5.22%	1.32%	17.55%	-2.13%	26.68%	2.19%	9.34%
SHRAX ClearBridge Aggressive Growth Fund	2.93%	13.50%	12.02%	24.09%	-25.43%	7.35%	19.74%	24.26%	-7.93%	14.22%

Correlation

The correlation between FRURX and SHRAX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Jan 2, 2002	0.47

Over the past year, the correlation between FRURX and SHRAX has dropped to 0.19 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.

Return for Risk

FRURX vs. SHRAX — Risk / Return Rank

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

FRURX

FRURX Risk / Return Rank: 13
FRURX Sharpe Ratio Rank: 11
FRURX Sortino Ratio Rank: 11
FRURX Omega Ratio Rank: 11
FRURX Calmar Ratio Rank: 18
FRURX Martin Ratio Rank: 14

SHRAX

SHRAX Risk / Return Rank: 8
SHRAX Sharpe Ratio Rank: 7
SHRAX Sortino Ratio Rank: 8
SHRAX Omega Ratio Rank: 7
SHRAX Calmar Ratio Rank: 8
SHRAX Martin Ratio Rank: 7

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.

FRURX vs. SHRAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Utilities Fund Class R (FRURX) and ClearBridge Aggressive Growth Fund (SHRAX). 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.

	FRURX	SHRAX	Difference
Sharpe ratio: Return per unit of total volatility	0.86	0.61	+0.25
Sortino ratio: Return per unit of downside risk	1.24	0.95	+0.28
Omega ratio: Gain probability vs. loss probability	1.15	1.11	+0.04
Calmar ratio: Return relative to maximum drawdown	1.47	0.71	+0.76
Martin ratio: Return relative to average drawdown	3.77	2.01	+1.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FRURX vs. SHRAX - Sharpe Ratio Comparison

The current FRURX Sharpe Ratio is 0.86, which is higher than the SHRAX Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of FRURX and SHRAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FRURX	SHRAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	0.61	+0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.16	+0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.38	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.46	+0.04

Drawdowns

FRURX vs. SHRAX - Drawdown Comparison

The maximum FRURX drawdown since its inception was -43.83%, smaller than the maximum SHRAX drawdown of -57.26%. Use the drawdown chart below to compare losses from any high point for FRURX and SHRAX.

Drawdown Indicators

	FRURX	SHRAX	Difference
Max Drawdown Largest peak-to-trough decline	-43.83%	-57.26%	+13.43%
Max Drawdown (1Y) Largest decline over 1 year	-8.15%	-14.59%	+6.44%
Max Drawdown (3Y) Largest decline over 3 years	-16.42%	-23.73%	+7.31%
Max Drawdown (5Y) Largest decline over 5 years	-22.83%	-33.77%	+10.94%
Max Drawdown (10Y) Largest decline over 10 years	-36.56%	-33.77%	-2.79%
Current Drawdown Current decline from peak	-6.84%	-2.08%	-4.76%
Average Drawdown Average peak-to-trough decline	-7.56%	-11.27%	+3.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	5.17%	-1.97%

Volatility

FRURX vs. SHRAX - Volatility Comparison

Franklin Utilities Fund Class R (FRURX) has a higher volatility of 5.32% compared to ClearBridge Aggressive Growth Fund (SHRAX) at 4.21%. This indicates that FRURX's price experiences larger fluctuations and is considered to be riskier than SHRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRURX	SHRAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.32%	4.21%	+1.11%
Volatility (6M) Calculated over the trailing 6-month period	11.11%	13.15%	-2.04%
Volatility (1Y) Calculated over the trailing 1-year period	13.96%	17.14%	-3.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.90%	20.90%	-4.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.83%	20.89%	-2.06%

FRURX vs. SHRAX - Expense Ratio Comparison

FRURX has a 1.07% expense ratio, which is lower than SHRAX's 1.11% expense ratio.

Dividends

FRURX vs. SHRAX - Dividend Comparison

FRURX's dividend yield for the trailing twelve months is around 7.52%, less than SHRAX's 21.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FRURX Franklin Utilities Fund Class R	7.52%	7.48%	8.37%	6.12%	3.39%	4.66%	9.54%	3.90%	5.49%	3.30%	2.43%	5.78%
SHRAX ClearBridge Aggressive Growth Fund	21.64%	22.27%	20.39%	13.77%	15.63%	26.11%	18.42%	12.71%	18.97%	5.97%	4.76%	4.03%

Frequently Asked Questions

Can I hold both FRURX and SHRAX in my portfolio?

FRURX and SHRAX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FRURX or SHRAX?

FRURX has higher volatility (5.32%) compared to SHRAX (4.21%). In terms of maximum drawdown, FRURX dropped -43.83% vs SHRAX's -57.26%.

Which has better risk-adjusted returns?

FRURX currently has the higher Sharpe Ratio (0.86 vs 0.61), 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.