ACFIX vs. TTRZX
ACFIX (Water Island Credit Opportunities Fund) and TTRZX (Templeton Global Total Return Fund) are both Nontraditional Bonds funds. Over the past 10 years, ACFIX returned 3.76%/yr vs 1.13%/yr for TTRZX. At a 0.21 correlation, their price movements are largely independent. ACFIX charges 0.98%/yr vs 0.89%/yr for TTRZX.
Performance
ACFIX vs. TTRZX - Performance Comparison
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Returns By Period
In the year-to-date period, ACFIX achieves a 2.14% return, which is significantly lower than TTRZX's 2.36% return. Over the past 10 years, ACFIX has outperformed TTRZX with an annualized return of 3.76%, while TTRZX has yielded a comparatively lower 1.13% annualized return.
ACFIX
- 1D
- -0.10%
- 1M
- 0.62%
- YTD
- 2.14%
- 6M
- 2.30%
- 1Y
- 4.69%
- 3Y*
- 5.48%
- 5Y*
- 3.50%
- 10Y*
- 3.76%
TTRZX
- 1D
- 0.14%
- 1M
- 0.31%
- YTD
- 2.36%
- 6M
- 3.23%
- 1Y
- 10.02%
- 3Y*
- 6.57%
- 5Y*
- 0.03%
- 10Y*
- 1.13%
ACFIX vs. TTRZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ACFIX Water Island Credit Opportunities Fund | 2.14% | 4.79% | 5.51% | 6.54% | -2.70% | 3.24% | 6.71% | 5.68% | 1.85% | 1.45% |
TTRZX Templeton Global Total Return Fund | 2.36% | 18.26% | -6.61% | 6.28% | -12.29% | -5.14% | -5.58% | 2.01% | 2.03% | 3.09% |
Correlation
The correlation between ACFIX and TTRZX is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2012 | 0.21 |
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Return for Risk
ACFIX vs. TTRZX — Risk / Return Rank
ACFIX
TTRZX
ACFIX vs. TTRZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Water Island Credit Opportunities Fund (ACFIX) and Templeton Global Total Return Fund (TTRZX). 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.
| ACFIX | TTRZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.25 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 1.43 | -1.20 |
| Martin ratioReturn relative to average drawdown | 0.28 | 5.06 | -4.78 |
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
| ACFIX | TTRZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 1.35 | -1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.00 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.14 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.48 | -0.12 |
Drawdowns
ACFIX vs. TTRZX - Drawdown Comparison
The maximum ACFIX drawdown since its inception was -20.82%, smaller than the maximum TTRZX drawdown of -33.17%. Use the drawdown chart below to compare losses from any high point for ACFIX and TTRZX.
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Drawdown Indicators
| ACFIX | TTRZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.82% | -33.17% | +12.35% |
Max Drawdown (1Y)Largest decline over 1 year | -20.82% | -6.95% | -13.87% |
Max Drawdown (3Y)Largest decline over 3 years | -20.82% | -11.49% | -9.33% |
Max Drawdown (5Y)Largest decline over 5 years | -20.82% | -27.73% | +6.91% |
Max Drawdown (10Y)Largest decline over 10 years | -20.82% | -33.17% | +12.35% |
Current DrawdownCurrent decline from peak | -17.62% | -8.34% | -9.28% |
Average DrawdownAverage peak-to-trough decline | -1.69% | -7.61% | +5.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.09% | 1.95% | +15.14% |
Volatility
ACFIX vs. TTRZX - Volatility Comparison
The current volatility for Water Island Credit Opportunities Fund (ACFIX) is 0.45%, while Templeton Global Total Return Fund (TTRZX) has a volatility of 2.24%. This indicates that ACFIX experiences smaller price fluctuations and is considered to be less risky than TTRZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACFIX | TTRZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.45% | 2.24% | -1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 1.03% | 6.11% | -5.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.49% | 7.39% | +26.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.13% | 9.22% | +5.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.89% | 7.92% | +2.97% |
ACFIX vs. TTRZX - Expense Ratio Comparison
ACFIX has a 0.98% expense ratio, which is higher than TTRZX's 0.89% expense ratio.
Dividends
ACFIX vs. TTRZX - Dividend Comparison
ACFIX's dividend yield for the trailing twelve months is around 3.85%, less than TTRZX's 6.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACFIX Water Island Credit Opportunities Fund | 3.85% | 4.17% | 4.71% | 4.00% | 3.55% | 2.59% | 2.95% | 3.52% | 2.92% | 3.01% | 2.38% | 2.91% |
TTRZX Templeton Global Total Return Fund | 6.91% | 5.57% | 8.19% | 5.95% | 7.54% | 8.18% | 4.84% | 6.96% | 5.55% | 3.54% | 2.94% | 4.31% |
Frequently Asked Questions
ACFIX and TTRZX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TTRZX has higher volatility (2.24%) compared to ACFIX (0.45%). In terms of maximum drawdown, ACFIX dropped -20.82% vs TTRZX's -33.17%.
TTRZX currently has the higher Sharpe Ratio (1.35 vs 0.14), 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.
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