MEURX vs. FKRCX

Last updated Aug 1, 2026

MEURX (Franklin Mutual European Fund) and FKRCX (Franklin Gold and Precious Metals Fund) are both mutual funds - MEURX is a Europe Equities fund managed by Franklin Templeton, while FKRCX is a Gold fund managed by Franklin Templeton. Over the past 10 years, MEURX returned 10.19%/yr vs 11.52%/yr for FKRCX. Their 0.29 correlation means their historical movements had little consistent relationship. MEURX charges 1.00%/yr vs 0.88%/yr for FKRCX.

Performance

MEURX vs. FKRCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Mutual European Fund (MEURX) and Franklin Gold and Precious Metals Fund (FKRCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MEURX achieves a 9.96% return, which is significantly higher than FKRCX's -10.16% return. Over the past 10 years, MEURX has underperformed FKRCX with an annualized return of 10.19%, while FKRCX has yielded a comparatively higher 11.52% annualized return.

MEURX

• 1D: 1.64%
• 1M: 5.48%
• 6M: 4.80%
• YTD: 9.96%
• 1Y: 24.99%
• 3Y*: 17.81%
• 5Y*: 13.71%
• 10Y*: 10.19%
• ALL TIME*: 9.88%

FKRCX

• 1D: 3.29%
• 1M: -4.25%
• 6M: -18.81%
• YTD: -10.16%
• 1Y: 65.72%
• 3Y*: 45.65%
• 5Y*: 19.47%
• 10Y*: 11.52%
• ALL TIME*: 6.74%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FKRCX Franklin Gold and Precious Metals Fund	$0.00	$0.00	$0.00
MEURX Franklin Mutual European Fund	$0.00	$0.00	$0.00

MEURX vs. FKRCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MEURX Franklin Mutual European Fund	9.96%	39.96%	3.67%	16.68%	-0.68%	16.48%	-6.22%	22.28%	-11.13%	10.45%
FKRCX Franklin Gold and Precious Metals Fund	-10.16%	196.59%	17.64%	2.03%	-23.47%	-4.03%	44.30%	51.48%	-18.11%	-0.12%

Correlation

The correlation between MEURX and FKRCX is 0.47, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.47
Correlation (3Y) Balances recent behavior with more history.	0.47
Correlation (5Y) Shows whether the relationship held over a longer period.	0.46
Correlation (10Y) Provides a long-term view across more market conditions.	0.28
Correlation (All Time) Calculated using the full available price history since Jul 3, 1996	0.29

The correlation between MEURX and FKRCX shifts across timeframes, from 0.28 (10 years) to 0.47 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

MEURX vs. FKRCX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MEURX

MEURX Risk / Return Rank: 64
MEURX Sharpe Ratio Rank: 71
MEURX Sortino Ratio Rank: 70
MEURX Omega Ratio Rank: 69
MEURX Calmar Ratio Rank: 62
MEURX Martin Ratio Rank: 47

FKRCX

FKRCX Risk / Return Rank: 48
FKRCX Sharpe Ratio Rank: 61
FKRCX Sortino Ratio Rank: 49
FKRCX Omega Ratio Rank: 55
FKRCX Calmar Ratio Rank: 48
FKRCX Martin Ratio Rank: 29

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MEURX vs. FKRCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Mutual European Fund (MEURX) and Franklin Gold and Precious Metals Fund (FKRCX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MEURX	FKRCX	Difference
Sharpe ratio: Return per unit of total volatility	1.71	1.45	+0.27
Sortino ratio: Return per unit of downside risk	2.45	1.87	+0.58
Omega ratio: Gain probability vs. loss probability	1.31	1.25	+0.06
Calmar ratio: Return relative to maximum drawdown	2.16	1.77	+0.39
Martin ratio: Return relative to average drawdown	6.82	3.96	+2.86

MEURX vs. FKRCX - Sharpe Ratio Comparison

The current MEURX Sharpe Ratio is 1.71, which is comparable to the FKRCX Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of MEURX and FKRCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MEURX vs. FKRCX - Drawdown Comparison

The maximum MEURX drawdown since its inception was -43.16%, smaller than the maximum FKRCX drawdown of -78.85%. Use the drawdown chart below to compare losses from any high point for MEURX and FKRCX.

Drawdown Indicators

	MEURX	FKRCX	Difference
Max Drawdown Largest peak-to-trough decline	-43.16%	-78.85%	+35.69%
Max Drawdown (1Y) Largest decline over 1 year	-11.16%	-37.40%	+26.24%
Max Drawdown (3Y) Largest decline over 3 years	-15.36%	-37.40%	+22.04%
Max Drawdown (5Y) Largest decline over 5 years	-20.38%	-48.79%	+28.41%
Max Drawdown (10Y) Largest decline over 10 years	-41.10%	-49.54%	+8.44%
Current Drawdown Current decline from peak	0.00%	-33.23%	+33.23%
Average Drawdown Average peak-to-trough decline	-7.63%	-33.73%	+26.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.53%	16.69%	-13.16%

Volatility

MEURX vs. FKRCX - Volatility Comparison

The current volatility for Franklin Mutual European Fund (MEURX) is 4.04%, while Franklin Gold and Precious Metals Fund (FKRCX) has a volatility of 13.21%. This indicates that MEURX experiences smaller price fluctuations and is considered to be less risky than FKRCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MEURX	FKRCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	13.21%	-9.17%
Volatility (6M) Calculated over the trailing 6-month period	11.61%	38.56%	-26.95%
Volatility (1Y) Calculated over the trailing 1-year period	14.16%	45.97%	-31.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.37%	34.78%	-19.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.05%	33.22%	-16.17%

MEURX vs. FKRCX - Expense Ratio Comparison

MEURX has a 1.00% expense ratio, which is higher than FKRCX's 0.88% expense ratio.

Dividends

MEURX vs. FKRCX - Dividend Comparison

MEURX's dividend yield for the trailing twelve months is around 2.81%, less than FKRCX's 11.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FKRCX Franklin Gold and Precious Metals Fund	11.96%	10.75%	13.44%	3.12%	0.00%	9.37%	10.55%	0.00%	0.00%	0.37%	8.73%	0.00%
MEURX Franklin Mutual European Fund	2.81%	3.09%	3.06%	2.25%	3.31%	3.52%	2.36%	2.71%	4.07%	1.31%	3.70%	5.72%

Frequently Asked Questions

Can I hold both MEURX and FKRCX in my portfolio?

MEURX and FKRCX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MEURX or FKRCX?

FKRCX has higher volatility (13.21%) compared to MEURX (4.04%). In terms of maximum drawdown, MEURX dropped -43.16% vs FKRCX's -78.85%.

Which has better risk-adjusted returns?

MEURX currently has the higher Sharpe Ratio (1.71 vs 1.45), 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.