EMO vs. TFEQX
EMO (ClearBridge Energy Midstream Opportunity Fund Inc.) and TFEQX (Templeton Institutional Fund International Equity Series) are both mutual funds - EMO is a MLPs fund actively managed by Franklin Templeton, while TFEQX is a Foreign Large Cap Equities fund managed by Franklin Templeton. Over the past 10 years, EMO returned 7.31%/yr vs 8.98%/yr for TFEQX. Their 0.41 correlation means their historical movements had little consistent relationship. EMO charges 3.22%/yr vs 0.83%/yr for TFEQX.
Performance
EMO vs. TFEQX - Performance Comparison
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Returns By Period
In the year-to-date period, EMO achieves a 20.68% return, which is significantly higher than TFEQX's 13.92% return. Over the past 10 years, EMO has underperformed TFEQX with an annualized return of 7.31%, while TFEQX has yielded a comparatively higher 8.98% annualized return.
EMO
- 1D
- -0.70%
- 1M
- 4.73%
- 6M
- 11.46%
- YTD
- 20.68%
- 1Y
- 20.65%
- 3Y*
- 29.46%
- 5Y*
- 30.65%
- 10Y*
- 7.31%
- ALL TIME*
- 4.24%
TFEQX
- 1D
- 0.00%
- 1M
- -0.65%
- 6M
- 6.29%
- YTD
- 13.92%
- 1Y
- 26.67%
- 3Y*
- 20.29%
- 5Y*
- 12.36%
- 10Y*
- 8.98%
- ALL TIME*
- 7.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.88M | $2.05M | $2.43M | |
| $0.00 | $0.00 | $0.00 |
EMO vs. TFEQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMO ClearBridge Energy Midstream Opportunity Fund Inc. | 20.68% | 7.38% | 44.45% | 31.76% | 40.13% | 74.70% | -64.47% | 19.60% | -25.73% | 0.07% |
TFEQX Templeton Institutional Fund International Equity Series | 13.92% | 31.58% | 9.44% | 22.68% | -9.21% | 5.70% | 5.29% | 11.56% | -17.40% | 19.78% |
Correlation
The correlation between EMO and TFEQX is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2011 | 0.41 |
The correlation between EMO and TFEQX shifts across timeframes, from -0.03 (1 year) to 0.43 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
EMO vs. TFEQX — Risk / Return Rank
EMO
TFEQX
EMO vs. TFEQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) and Templeton Institutional Fund International Equity Series (TFEQX). 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.
| EMO | TFEQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.29 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 2.26 | -0.36 |
| Martin ratioReturn relative to average drawdown | 3.95 | 8.07 | -4.13 |
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Drawdowns
EMO vs. TFEQX - Drawdown Comparison
The maximum EMO drawdown since its inception was -95.06%, which is greater than TFEQX's maximum drawdown of -57.70%. Use the drawdown chart below to compare losses from any high point for EMO and TFEQX.
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Drawdown Indicators
| EMO | TFEQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.06% | -57.70% | -37.36% |
Max Drawdown (1Y)Largest decline over 1 year | -10.87% | -11.56% | +0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -18.81% | -16.94% | -1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -28.59% | -29.20% | +0.61% |
Max Drawdown (10Y)Largest decline over 10 years | -93.02% | -42.65% | -50.37% |
Current DrawdownCurrent decline from peak | -2.84% | -3.01% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -31.66% | -10.47% | -21.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.24% | 3.23% | +2.01% |
Volatility
EMO vs. TFEQX - Volatility Comparison
ClearBridge Energy Midstream Opportunity Fund Inc. (EMO) has a higher volatility of 5.14% compared to Templeton Institutional Fund International Equity Series (TFEQX) at 4.11%. This indicates that EMO's price experiences larger fluctuations and is considered to be riskier than TFEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMO | TFEQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 4.11% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 12.68% | 14.40% | -1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.45% | 16.84% | -0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.05% | 18.84% | +7.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.14% | 17.37% | +23.77% |
EMO vs. TFEQX - Expense Ratio Comparison
EMO has a 3.22% expense ratio, which is higher than TFEQX's 0.83% expense ratio.
Dividends
EMO vs. TFEQX - Dividend Comparison
EMO's dividend yield for the trailing twelve months is around 8.41%, less than TFEQX's 37.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMO ClearBridge Energy Midstream Opportunity Fund Inc. | 8.41% | 9.41% | 7.16% | 6.79% | 6.71% | 6.71% | 15.82% | 10.94% | 16.39% | 10.85% | 9.76% | 11.88% |
TFEQX Templeton Institutional Fund International Equity Series | 37.61% | 42.84% | 16.75% | 14.08% | 6.20% | 34.04% | 6.78% | 6.65% | 22.18% | 1.60% | 3.46% | 2.46% |
Frequently Asked Questions
EMO and TFEQX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMO has higher volatility (5.14%) compared to TFEQX (4.11%). In terms of maximum drawdown, EMO dropped -95.06% vs TFEQX's -57.70%.
TFEQX currently has the higher Sharpe Ratio (1.56 vs 1.26), 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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