FEMZX vs. SHRAX

Last updated Aug 1, 2026

FEMZX (Templeton Sustainable Emerging Markets Bond Fund) and SHRAX (ClearBridge Aggressive Growth Fund) are both mutual funds - FEMZX is a Emerging Markets Bonds fund managed by Franklin Templeton, while SHRAX is a Large Cap Blend Equities fund managed by Franklin Templeton. Over the past 5 years, FEMZX returned 4.08%/yr vs 2.56%/yr for SHRAX. Their 0.33 correlation means their historical movements had little consistent relationship. FEMZX charges 0.88%/yr vs 1.11%/yr for SHRAX.

Performance

FEMZX vs. SHRAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Templeton Sustainable Emerging Markets Bond Fund (FEMZX) and ClearBridge Aggressive Growth Fund (SHRAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEMZX achieves a 3.45% return, which is significantly higher than SHRAX's 0.24% return.

FEMZX

• 1D: 0.56%
• 1M: 0.19%
• 6M: 0.50%
• YTD: 3.45%
• 1Y: 13.17%
• 3Y*: 9.07%
• 5Y*: 4.08%
• 10Y*: —
• ALL TIME*: 2.06%

SHRAX

• 1D: 0.64%
• 1M: -3.44%
• 6M: 3.33%
• YTD: 0.24%
• 1Y: 4.24%
• 3Y*: 10.03%
• 5Y*: 2.56%
• 10Y*: 7.28%
• ALL TIME*: 9.95%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FEMZX Templeton Sustainable Emerging Markets Bond Fund	$0.00	$0.00	$0.00
SHRAX ClearBridge Aggressive Growth Fund	$0.00	$0.00	$0.00

FEMZX vs. SHRAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FEMZX Templeton Sustainable Emerging Markets Bond Fund	3.45%	26.14%	-3.41%	12.35%	-10.28%	-5.45%	-7.20%	5.28%	-3.00%	6.69%
SHRAX ClearBridge Aggressive Growth Fund	0.24%	13.50%	12.02%	24.09%	-25.43%	7.35%	19.74%	24.26%	-7.93%	11.16%

Correlation

The correlation between FEMZX and SHRAX is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.54
Correlation (3Y) Balances recent behavior with more history.	0.37
Correlation (5Y) Shows whether the relationship held over a longer period.	0.38
Correlation (All Time) Calculated using the full available price history since Jan 19, 2017	0.33

Over the past year, FEMZX and SHRAX have become more correlated (0.54) than their long-term average of 0.33, meaning their price movements have been converging.

Return for Risk

FEMZX vs. SHRAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FEMZX

FEMZX Risk / Return Rank: 63
FEMZX Sharpe Ratio Rank: 80
FEMZX Sortino Ratio Rank: 75
FEMZX Omega Ratio Rank: 79
FEMZX Calmar Ratio Rank: 44
FEMZX Martin Ratio Rank: 39

SHRAX

SHRAX Risk / Return Rank: 6
SHRAX Sharpe Ratio Rank: 6
SHRAX Sortino Ratio Rank: 6
SHRAX Omega Ratio Rank: 6
SHRAX Calmar Ratio Rank: 6
SHRAX Martin Ratio Rank: 6

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FEMZX vs. SHRAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Templeton Sustainable Emerging Markets Bond Fund (FEMZX) and ClearBridge Aggressive Growth Fund (SHRAX). 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.

	FEMZX	SHRAX	Difference
Sharpe ratio: Return per unit of total volatility	1.93	0.11	+1.82
Sortino ratio: Return per unit of downside risk	2.64	0.27	+2.37
Omega ratio: Gain probability vs. loss probability	1.37	1.03	+0.34
Calmar ratio: Return relative to maximum drawdown	1.84	0.13	+1.71
Martin ratio: Return relative to average drawdown	6.12	0.35	+5.77

FEMZX vs. SHRAX - Sharpe Ratio Comparison

The current FEMZX Sharpe Ratio is 1.93, which is higher than the SHRAX Sharpe Ratio of 0.11. The chart below compares the historical Sharpe Ratios of FEMZX and SHRAX, 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

FEMZX vs. SHRAX - Drawdown Comparison

The maximum FEMZX drawdown since its inception was -32.81%, smaller than the maximum SHRAX drawdown of -57.26%. Use the drawdown chart below to compare losses from any high point for FEMZX and SHRAX.

Drawdown Indicators

	FEMZX	SHRAX	Difference
Max Drawdown Largest peak-to-trough decline	-32.81%	-57.26%	+24.45%
Max Drawdown (1Y) Largest decline over 1 year	-7.42%	-14.59%	+7.17%
Max Drawdown (3Y) Largest decline over 3 years	-8.14%	-23.73%	+15.59%
Max Drawdown (5Y) Largest decline over 5 years	-24.57%	-33.77%	+9.20%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.77%	—
Current Drawdown Current decline from peak	-1.26%	-4.64%	+3.38%
Average Drawdown Average peak-to-trough decline	-10.72%	-11.23%	+0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	5.30%	-3.07%

Volatility

FEMZX vs. SHRAX - Volatility Comparison

The current volatility for Templeton Sustainable Emerging Markets Bond Fund (FEMZX) is 1.84%, while ClearBridge Aggressive Growth Fund (SHRAX) has a volatility of 3.80%. This indicates that FEMZX experiences smaller price fluctuations and is considered to be less risky than SHRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEMZX	SHRAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.84%	3.80%	-1.96%
Volatility (6M) Calculated over the trailing 6-month period	6.18%	13.54%	-7.36%
Volatility (1Y) Calculated over the trailing 1-year period	7.10%	17.56%	-10.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.07%	20.98%	-12.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.39%	20.84%	-13.45%

FEMZX vs. SHRAX - Expense Ratio Comparison

FEMZX has a 0.88% expense ratio, which is lower than SHRAX's 1.11% expense ratio.

Dividends

FEMZX vs. SHRAX - Dividend Comparison

FEMZX's dividend yield for the trailing twelve months is around 9.80%, less than SHRAX's 22.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEMZX Templeton Sustainable Emerging Markets Bond Fund	9.80%	7.26%	8.50%	6.12%	6.40%	9.12%	7.77%	9.83%	9.11%	3.60%	0.00%	0.00%
SHRAX ClearBridge Aggressive Growth Fund	22.22%	22.27%	20.39%	13.77%	15.63%	26.11%	18.42%	12.71%	18.97%	5.97%	4.76%	4.03%

Frequently Asked Questions

Can I hold both FEMZX and SHRAX in my portfolio?

FEMZX and SHRAX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FEMZX or SHRAX?

SHRAX has higher volatility (3.80%) compared to FEMZX (1.84%). In terms of maximum drawdown, FEMZX dropped -32.81% vs SHRAX's -57.26%.

Which has better risk-adjusted returns?

FEMZX currently has the higher Sharpe Ratio (1.93 vs 0.11), 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.