MDISX vs. FKGRX

Last updated Jun 4, 2026

MDISX (Franklin Mutual Global Discovery Fund) and FKGRX (Franklin Growth Fund) are both mutual funds - MDISX is a Global Equities fund managed by Franklin Templeton, while FKGRX is a Large Cap Growth Equities fund managed by Franklin Templeton. Over the past 10 years, MDISX returned 8.58%/yr vs 14.13%/yr for FKGRX. A 0.71 correlation means they provide meaningful diversification when combined. MDISX charges 0.95%/yr vs 0.79%/yr for FKGRX.

Performance

MDISX vs. FKGRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Mutual Global Discovery Fund (MDISX) and Franklin Growth Fund (FKGRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MDISX achieves a 1.50% return, which is significantly lower than FKGRX's 7.09% return. Over the past 10 years, MDISX has underperformed FKGRX with an annualized return of 8.58%, while FKGRX has yielded a comparatively higher 14.13% annualized return.

MDISX

• 1D: -0.15%
• 1M: 1.37%
• YTD: 1.50%
• 6M: 3.70%
• 1Y: 13.36%
• 3Y*: 14.41%
• 5Y*: 9.11%
• 10Y*: 8.58%

FKGRX

• 1D: -0.29%
• 1M: 3.65%
• YTD: 7.09%
• 6M: 6.63%
• 1Y: 20.06%
• 3Y*: 17.78%
• 5Y*: 9.84%
• 10Y*: 14.13%

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

MDISX vs. FKGRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MDISX Franklin Mutual Global Discovery Fund	1.50%	23.75%	6.38%	20.48%	-4.73%	19.60%	-4.38%	24.74%	-10.86%	7.22%
FKGRX Franklin Growth Fund	7.09%	15.38%	17.96%	27.54%	-25.32%	21.61%	30.71%	32.08%	-3.37%	26.31%

Correlation

The correlation between MDISX and FKGRX is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jan 4, 1993	0.71

The correlation between MDISX and FKGRX has been stable across timeframes, ranging from 0.66 to 0.72 - a consistent structural relationship.

Return for Risk

MDISX vs. FKGRX — Risk / Return Rank

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

MDISX

MDISX Risk / Return Rank: 16
MDISX Sharpe Ratio Rank: 17
MDISX Sortino Ratio Rank: 16
MDISX Omega Ratio Rank: 17
MDISX Calmar Ratio Rank: 15
MDISX Martin Ratio Rank: 15

FKGRX

FKGRX Risk / Return Rank: 29
FKGRX Sharpe Ratio Rank: 32
FKGRX Sortino Ratio Rank: 30
FKGRX Omega Ratio Rank: 30
FKGRX Calmar Ratio Rank: 24
FKGRX Martin Ratio Rank: 32

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.

MDISX vs. FKGRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Mutual Global Discovery Fund (MDISX) and Franklin Growth Fund (FKGRX). 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.

	MDISX	FKGRX	Difference
Sharpe ratio: Return per unit of total volatility	1.16	1.61	-0.45
Sortino ratio: Return per unit of downside risk	1.69	2.26	-0.57
Omega ratio: Gain probability vs. loss probability	1.22	1.28	-0.07
Calmar ratio: Return relative to maximum drawdown	1.37	1.82	-0.45
Martin ratio: Return relative to average drawdown	4.23	7.42	-3.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MDISX vs. FKGRX - Sharpe Ratio Comparison

The current MDISX Sharpe Ratio is 1.16, which is comparable to the FKGRX Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of MDISX and FKGRX, 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

	MDISX	FKGRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	1.61	-0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.50	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.73	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.71	+0.11

Drawdowns

MDISX vs. FKGRX - Drawdown Comparison

The maximum MDISX drawdown since its inception was -40.15%, smaller than the maximum FKGRX drawdown of -51.08%. Use the drawdown chart below to compare losses from any high point for MDISX and FKGRX.

Drawdown Indicators

	MDISX	FKGRX	Difference
Max Drawdown Largest peak-to-trough decline	-40.15%	-51.08%	+10.93%
Max Drawdown (1Y) Largest decline over 1 year	-10.09%	-11.48%	+1.39%
Max Drawdown (3Y) Largest decline over 3 years	-12.93%	-21.72%	+8.79%
Max Drawdown (5Y) Largest decline over 5 years	-21.57%	-32.22%	+10.65%
Max Drawdown (10Y) Largest decline over 10 years	-40.15%	-32.52%	-7.63%
Current Drawdown Current decline from peak	-4.23%	-0.29%	-3.94%
Average Drawdown Average peak-to-trough decline	-5.27%	-6.74%	+1.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.25%	2.81%	+0.44%

Volatility

MDISX vs. FKGRX - Volatility Comparison

Franklin Mutual Global Discovery Fund (MDISX) and Franklin Growth Fund (FKGRX) have volatilities of 3.23% and 3.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MDISX	FKGRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.23%	3.10%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	9.10%	10.10%	-1.00%
Volatility (1Y) Calculated over the trailing 1-year period	11.85%	12.97%	-1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.67%	19.59%	-3.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.11%	19.53%	-2.42%

MDISX vs. FKGRX - Expense Ratio Comparison

MDISX has a 0.95% expense ratio, which is higher than FKGRX's 0.79% expense ratio.

Dividends

MDISX vs. FKGRX - Dividend Comparison

MDISX's dividend yield for the trailing twelve months is around 10.40%, less than FKGRX's 13.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FKGRX Franklin Growth Fund	13.42%	14.37%	8.34%	6.26%	10.49%	9.19%	7.97%	5.75%	1.65%	2.38%	3.26%	3.88%
MDISX Franklin Mutual Global Discovery Fund	10.40%	10.55%	12.84%	7.12%	10.29%	8.75%	3.50%	7.21%	7.50%	2.97%	4.13%	7.77%

Frequently Asked Questions

Can I hold both MDISX and FKGRX in my portfolio?

MDISX and FKGRX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MDISX or FKGRX?

MDISX has higher volatility (3.23%) compared to FKGRX (3.10%). In terms of maximum drawdown, MDISX dropped -40.15% vs FKGRX's -51.08%.

Which has better risk-adjusted returns?

FKGRX currently has the higher Sharpe Ratio (1.61 vs 1.16), 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.