SBSPX vs. FKRCX

Last updated Jun 25, 2026

SBSPX (Franklin S&P 500 Index Fund) and FKRCX (Franklin Gold and Precious Metals Fund) are both mutual funds - SBSPX is a Large Cap Blend Equities fund managed by Franklin Templeton, while FKRCX is a Gold fund managed by Franklin Templeton. Over the past 10 years, SBSPX returned 14.87%/yr vs 13.52%/yr for FKRCX. At a 0.26 correlation, their price movements are largely independent. SBSPX charges 0.54%/yr vs 0.88%/yr for FKRCX.

Performance

SBSPX vs. FKRCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin S&P 500 Index Fund (SBSPX) 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, SBSPX achieves a 7.95% return, which is significantly higher than FKRCX's -6.87% return. Over the past 10 years, SBSPX has outperformed FKRCX with an annualized return of 14.87%, while FKRCX has yielded a comparatively lower 13.52% annualized return.

SBSPX

• 1D: -1.45%
• 1M: -1.40%
• YTD: 7.95%
• 6M: 6.60%
• 1Y: 21.70%
• 3Y*: 20.18%
• 5Y*: 12.57%
• 10Y*: 14.87%

FKRCX

• 1D: -5.12%
• 1M: -9.12%
• YTD: -6.87%
• 6M: -10.09%
• 1Y: 68.16%
• 3Y*: 49.77%
• 5Y*: 20.53%
• 10Y*: 13.52%

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

SBSPX vs. FKRCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SBSPX Franklin S&P 500 Index Fund	7.95%	17.25%	24.35%	25.62%	-18.49%	27.92%	17.86%	30.68%	-4.94%	19.50%
FKRCX Franklin Gold and Precious Metals Fund	-6.87%	196.59%	17.64%	2.03%	-23.47%	-4.03%	44.30%	51.48%	-18.11%	-0.12%

Correlation

The correlation between SBSPX and FKRCX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Jan 2, 1998	0.26

The correlation between SBSPX and FKRCX shifts across timeframes, from 0.26 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SBSPX vs. FKRCX — Risk / Return Rank

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

SBSPX

SBSPX Risk / Return Rank: 51
SBSPX Sharpe Ratio Rank: 48
SBSPX Sortino Ratio Rank: 44
SBSPX Omega Ratio Rank: 46
SBSPX Calmar Ratio Rank: 51
SBSPX Martin Ratio Rank: 64

FKRCX

FKRCX Risk / Return Rank: 28
FKRCX Sharpe Ratio Rank: 32
FKRCX Sortino Ratio Rank: 25
FKRCX Omega Ratio Rank: 29
FKRCX Calmar Ratio Rank: 30
FKRCX Martin Ratio Rank: 24

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.

SBSPX vs. FKRCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin S&P 500 Index Fund (SBSPX) 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.

	SBSPX	FKRCX	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.49	+0.35
Sortino ratio: Return per unit of downside risk	2.52	1.90	+0.62
Omega ratio: Gain probability vs. loss probability	1.33	1.26	+0.07
Calmar ratio: Return relative to maximum drawdown	2.58	1.91	+0.67
Martin ratio: Return relative to average drawdown	11.55	5.19	+6.35

SBSPX vs. FKRCX - Sharpe Ratio Comparison

The current SBSPX Sharpe Ratio is 1.84, which is comparable to the FKRCX Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of SBSPX 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

SBSPX vs. FKRCX - Drawdown Comparison

The maximum SBSPX drawdown since its inception was -55.62%, smaller than the maximum FKRCX drawdown of -78.85%. Use the drawdown chart below to compare losses from any high point for SBSPX and FKRCX.

Drawdown Indicators

	SBSPX	FKRCX	Difference
Max Drawdown Largest peak-to-trough decline	-55.62%	-78.85%	+23.23%
Max Drawdown (1Y) Largest decline over 1 year	-8.98%	-34.78%	+25.80%
Max Drawdown (3Y) Largest decline over 3 years	-18.82%	-34.78%	+15.96%
Max Drawdown (5Y) Largest decline over 5 years	-24.66%	-48.79%	+24.13%
Max Drawdown (10Y) Largest decline over 10 years	-33.82%	-49.54%	+15.72%
Current Drawdown Current decline from peak	-3.17%	-30.78%	+27.61%
Average Drawdown Average peak-to-trough decline	-10.63%	-33.73%	+23.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	12.75%	-10.75%

Volatility

SBSPX vs. FKRCX - Volatility Comparison

The current volatility for Franklin S&P 500 Index Fund (SBSPX) is 4.91%, while Franklin Gold and Precious Metals Fund (FKRCX) has a volatility of 17.33%. This indicates that SBSPX 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

	SBSPX	FKRCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.91%	17.33%	-12.42%
Volatility (6M) Calculated over the trailing 6-month period	9.95%	38.12%	-28.17%
Volatility (1Y) Calculated over the trailing 1-year period	12.58%	44.47%	-31.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.01%	34.39%	-17.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.12%	33.14%	-15.02%

SBSPX vs. FKRCX - Expense Ratio Comparison

SBSPX has a 0.54% expense ratio, which is lower than FKRCX's 0.88% expense ratio.

Dividends

SBSPX vs. FKRCX - Dividend Comparison

SBSPX's dividend yield for the trailing twelve months is around 0.73%, less than FKRCX's 11.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FKRCX Franklin Gold and Precious Metals Fund	11.54%	10.75%	13.44%	3.12%	0.00%	9.37%	10.55%	0.00%	0.00%	0.37%	8.73%	0.00%
SBSPX Franklin S&P 500 Index Fund	0.73%	0.78%	1.11%	0.97%	4.08%	5.10%	5.99%	5.49%	5.96%	3.50%	4.08%	2.65%

Frequently Asked Questions

Can I hold both SBSPX and FKRCX in my portfolio?

SBSPX and FKRCX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SBSPX or FKRCX?

FKRCX has higher volatility (17.33%) compared to SBSPX (4.91%). In terms of maximum drawdown, SBSPX dropped -55.62% vs FKRCX's -78.85%.

Which has better risk-adjusted returns?

SBSPX currently has the higher Sharpe Ratio (1.84 vs 1.49), 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.