EMF vs. TEI
Compare and contrast key facts about Templeton Emerging Markets Fund (EMF) and Templeton Emerging Markets Income Fund (TEI).
EMF is an actively managed fund by Franklin Templeton. It was launched on Feb 27, 1987. TEI is managed by Franklin Templeton Investments.
Performance
EMF vs. TEI - Performance Comparison
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EMF vs. TEI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMF Templeton Emerging Markets Fund | 3.98% | 58.20% | 6.56% | 8.84% | -21.53% | -8.23% | 24.48% | 27.20% | -14.78% | 53.55% |
TEI Templeton Emerging Markets Income Fund | -4.77% | 45.41% | 11.77% | 3.78% | -15.49% | 3.48% | -9.06% | 3.51% | -6.20% | 8.09% |
Returns By Period
In the year-to-date period, EMF achieves a 3.98% return, which is significantly higher than TEI's -4.77% return. Over the past 10 years, EMF has outperformed TEI with an annualized return of 12.50%, while TEI has yielded a comparatively lower 4.25% annualized return.
EMF
- 1D
- 4.67%
- 1M
- -14.87%
- YTD
- 3.98%
- 6M
- 12.14%
- 1Y
- 50.40%
- 3Y*
- 23.03%
- 5Y*
- 5.86%
- 10Y*
- 12.50%
TEI
- 1D
- 1.86%
- 1M
- -12.22%
- YTD
- -4.77%
- 6M
- 6.22%
- 1Y
- 28.57%
- 3Y*
- 19.19%
- 5Y*
- 7.58%
- 10Y*
- 4.25%
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EMF vs. TEI - Expense Ratio Comparison
Return for Risk
EMF vs. TEI — Risk / Return Rank
EMF
TEI
EMF vs. TEI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Templeton Emerging Markets Fund (EMF) and Templeton Emerging Markets Income Fund (TEI). 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.
| EMF | TEI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.29 | 1.72 | +0.57 |
Sortino ratioReturn per unit of downside risk | 2.78 | 2.24 | +0.54 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.32 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.49 | 1.94 | +0.55 |
Martin ratioReturn relative to average drawdown | 10.41 | 7.78 | +2.63 |
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
| EMF | TEI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.29 | 1.72 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.40 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.24 | +0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.40 | -0.19 |
Correlation
The correlation between EMF and TEI is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EMF vs. TEI - Dividend Comparison
EMF's dividend yield for the trailing twelve months is around 9.47%, less than TEI's 14.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMF Templeton Emerging Markets Fund | 9.47% | 9.73% | 4.28% | 6.22% | 9.89% | 6.92% | 3.51% | 7.36% | 5.92% | 12.11% | 1.62% | 12.81% |
TEI Templeton Emerging Markets Income Fund | 14.56% | 13.57% | 11.11% | 11.09% | 11.88% | 10.44% | 7.34% | 8.51% | 9.27% | 5.56% | 7.33% | 8.24% |
Drawdowns
EMF vs. TEI - Drawdown Comparison
The maximum EMF drawdown since its inception was -76.97%, which is greater than TEI's maximum drawdown of -51.50%. Use the drawdown chart below to compare losses from any high point for EMF and TEI.
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Drawdown Indicators
| EMF | TEI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.97% | -51.50% | -25.47% |
Max Drawdown (1Y)Largest decline over 1 year | -19.48% | -14.49% | -4.99% |
Max Drawdown (5Y)Largest decline over 5 years | -45.87% | -39.74% | -6.13% |
Max Drawdown (10Y)Largest decline over 10 years | -47.65% | -43.83% | -3.82% |
Current DrawdownCurrent decline from peak | -15.72% | -12.75% | -2.97% |
Average DrawdownAverage peak-to-trough decline | -29.12% | -10.79% | -18.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.66% | 3.61% | +1.05% |
Volatility
EMF vs. TEI - Volatility Comparison
Templeton Emerging Markets Fund (EMF) has a higher volatility of 12.00% compared to Templeton Emerging Markets Income Fund (TEI) at 6.29%. This indicates that EMF's price experiences larger fluctuations and is considered to be riskier than TEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMF | TEI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.00% | 6.29% | +5.71% |
Volatility (6M)Calculated over the trailing 6-month period | 17.23% | 10.60% | +6.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.15% | 16.66% | +5.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.85% | 19.21% | +0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.28% | 17.48% | +2.80% |