CFIPX vs. SSGLX

Last updated Apr 1, 2026

Compare and contrast key facts about Franklin Global Equity Fund (CFIPX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX).

CFIPX is managed by Franklin Templeton. It was launched on Feb 28, 1991. SSGLX is a passively managed fund by State Street that tracks the performance of the MSCI ACWI ex USA Investable Market Index. It was launched on Sep 17, 2014.

Performance

CFIPX vs. SSGLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Global Equity Fund (CFIPX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX). The values are adjusted to include any dividend payments, if applicable.

CFIPX vs. SSGLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CFIPX Franklin Global Equity Fund	-5.00%	23.21%	24.28%	23.03%	-16.36%	24.76%	13.34%	30.63%	-12.16%	23.69%
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K	-0.64%	32.64%	4.98%	15.67%	-16.44%	8.36%	11.11%	21.52%	-14.05%	27.12%

Returns By Period

In the year-to-date period, CFIPX achieves a -5.00% return, which is significantly lower than SSGLX's -0.64% return. Over the past 10 years, CFIPX has outperformed SSGLX with an annualized return of 12.61%, while SSGLX has yielded a comparatively lower 8.58% annualized return.

CFIPX

• 1D: -0.33%
• 1M: -7.68%
• YTD: -5.00%
• 6M: -1.63%
• 1Y: 19.21%
• 3Y*: 18.74%
• 5Y*: 11.49%
• 10Y*: 12.61%

SSGLX

• 1D: 0.39%
• 1M: -10.87%
• YTD: -0.64%
• 6M: 4.10%
• 1Y: 24.88%
• 3Y*: 14.40%
• 5Y*: 6.92%
• 10Y*: 8.58%

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

CFIPX vs. SSGLX - Expense Ratio Comparison

CFIPX has a 1.30% expense ratio, which is higher than SSGLX's 0.07% expense ratio.

CFIPX

Franklin Global Equity Fund

SSGLX

State Street Global All Cap Equity ex-U.S. Index Fund Class K

Return for Risk

CFIPX vs. SSGLX — Risk / Return Rank

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

CFIPX

CFIPX Risk / Return Rank: 70
CFIPX Sharpe Ratio Rank: 66
CFIPX Sortino Ratio Rank: 69
CFIPX Omega Ratio Rank: 69
CFIPX Calmar Ratio Rank: 65
CFIPX Martin Ratio Rank: 79

SSGLX

SSGLX Risk / Return Rank: 81
SSGLX Sharpe Ratio Rank: 82
SSGLX Sortino Ratio Rank: 82
SSGLX Omega Ratio Rank: 81
SSGLX Calmar Ratio Rank: 82
SSGLX Martin Ratio Rank: 80

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.

CFIPX vs. SSGLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Global Equity Fund (CFIPX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX). 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.

	CFIPX	SSGLX	Difference
Sharpe ratio Return per unit of total volatility	1.16	1.56	-0.39
Sortino ratio Return per unit of downside risk	1.70	2.12	-0.42
Omega ratio Gain probability vs. loss probability	1.26	1.32	-0.07
Calmar ratio Return relative to maximum drawdown	1.48	2.00	-0.52
Martin ratio Return relative to average drawdown	7.64	7.90	-0.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CFIPX vs. SSGLX - Sharpe Ratio Comparison

The current CFIPX Sharpe Ratio is 1.16, which is comparable to the SSGLX Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of CFIPX and SSGLX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CFIPX	SSGLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	1.56	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.48	+0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.53	+0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.37	-0.03

Correlation

The correlation between CFIPX and SSGLX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CFIPX vs. SSGLX - Dividend Comparison

CFIPX's dividend yield for the trailing twelve months is around 6.75%, more than SSGLX's 4.44% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CFIPX Franklin Global Equity Fund	6.75%	6.41%	3.49%	0.99%	4.99%	8.99%	0.73%	13.31%	7.86%	0.77%	1.52%	1.01%
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K	4.44%	4.41%	4.46%	2.98%	2.85%	4.20%	1.72%	4.80%	8.32%	3.98%	1.52%	2.09%

Drawdowns

CFIPX vs. SSGLX - Drawdown Comparison

The maximum CFIPX drawdown since its inception was -62.70%, which is greater than SSGLX's maximum drawdown of -35.88%. Use the drawdown chart below to compare losses from any high point for CFIPX and SSGLX.

Drawdown Indicators

	CFIPX	SSGLX	Difference
Max Drawdown Largest peak-to-trough decline	-62.70%	-35.88%	-26.82%
Max Drawdown (1Y) Largest decline over 1 year	-11.82%	-11.22%	-0.60%
Max Drawdown (5Y) Largest decline over 5 years	-24.44%	-30.08%	+5.64%
Max Drawdown (10Y) Largest decline over 10 years	-33.98%	-35.88%	+1.90%
Current Drawdown Current decline from peak	-8.28%	-10.87%	+2.59%
Average Drawdown Average peak-to-trough decline	-16.50%	-8.32%	-8.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	2.84%	-0.55%

Volatility

CFIPX vs. SSGLX - Volatility Comparison

The current volatility for Franklin Global Equity Fund (CFIPX) is 4.40%, while State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) has a volatility of 6.44%. This indicates that CFIPX experiences smaller price fluctuations and is considered to be less risky than SSGLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CFIPX	SSGLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.40%	6.44%	-2.04%
Volatility (6M) Calculated over the trailing 6-month period	8.99%	10.02%	-1.03%
Volatility (1Y) Calculated over the trailing 1-year period	16.89%	15.49%	+1.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.08%	14.49%	+1.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.23%	16.15%	+1.08%