FGADX vs. TFEQX

Last updated Jul 14, 2026

FGADX (Franklin Gold and Precious Metals Fund Advisor Class) and TFEQX (Templeton Institutional Fund International Equity Series) are both mutual funds - FGADX is a Gold fund actively managed by Franklin Templeton, while TFEQX is a Foreign Large Cap Equities fund managed by Franklin Templeton. Over the past 10 years, FGADX returned 12.17%/yr vs 9.11%/yr for TFEQX. At a 0.40 correlation, their price movements are largely independent. FGADX charges 0.62%/yr vs 0.83%/yr for TFEQX.

Performance

FGADX vs. TFEQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Gold and Precious Metals Fund Advisor Class (FGADX) and Templeton Institutional Fund International Equity Series (TFEQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGADX achieves a -8.89% return, which is significantly lower than TFEQX's 15.10% return. Over the past 10 years, FGADX has outperformed TFEQX with an annualized return of 12.17%, while TFEQX has yielded a comparatively lower 9.11% annualized return.

FGADX

• 1D: 0.39%
• 1M: -5.32%
• 6M: -15.98%
• YTD: -8.89%
• 1Y: 62.09%
• 3Y*: 47.53%
• 5Y*: 20.38%
• 10Y*: 12.17%

TFEQX

• 1D: 0.47%
• 1M: -0.56%
• 6M: 10.71%
• YTD: 15.10%
• 1Y: 24.78%
• 3Y*: 21.92%
• 5Y*: 12.34%
• 10Y*: 9.11%

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

FGADX vs. TFEQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGADX Franklin Gold and Precious Metals Fund Advisor Class	-8.89%	197.29%	17.98%	2.20%	-23.24%	-3.76%	44.60%	51.87%	-17.89%	0.06%
TFEQX Templeton Institutional Fund International Equity Series	15.10%	31.58%	9.44%	22.68%	-9.21%	5.70%	5.29%	11.56%	-17.40%	19.78%

Correlation

The correlation between FGADX and TFEQX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Dec 31, 1996	0.40

The correlation between FGADX and TFEQX shifts across timeframes, from 0.40 (all time) to 0.53 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FGADX vs. TFEQX — Risk / Return Rank

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

FGADX

FGADX Risk / Return Rank: 35
FGADX Sharpe Ratio Rank: 41
FGADX Sortino Ratio Rank: 33
FGADX Omega Ratio Rank: 38
FGADX Calmar Ratio Rank: 37
FGADX Martin Ratio Rank: 24

TFEQX

TFEQX Risk / Return Rank: 43
TFEQX Sharpe Ratio Rank: 40
TFEQX Sortino Ratio Rank: 42
TFEQX Omega Ratio Rank: 42
TFEQX Calmar Ratio Rank: 45
TFEQX Martin Ratio Rank: 43

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.

FGADX vs. TFEQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Gold and Precious Metals Fund Advisor Class (FGADX) 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.

	FGADX	TFEQX	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.42	0.00
Sortino ratio: Return per unit of downside risk	1.84	2.09	-0.26
Omega ratio: Gain probability vs. loss probability	1.25	1.27	-0.02
Calmar ratio: Return relative to maximum drawdown	1.85	2.07	-0.22
Martin ratio: Return relative to average drawdown	4.39	7.32	-2.93

FGADX vs. TFEQX - Sharpe Ratio Comparison

The current FGADX Sharpe Ratio is 1.42, which is comparable to the TFEQX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of FGADX and TFEQX, 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

FGADX vs. TFEQX - Drawdown Comparison

The maximum FGADX drawdown since its inception was -78.57%, which is greater than TFEQX's maximum drawdown of -57.70%. Use the drawdown chart below to compare losses from any high point for FGADX and TFEQX.

Drawdown Indicators

	FGADX	TFEQX	Difference
Max Drawdown Largest peak-to-trough decline	-78.57%	-57.70%	-20.87%
Max Drawdown (1Y) Largest decline over 1 year	-34.73%	-11.56%	-23.17%
Max Drawdown (3Y) Largest decline over 3 years	-34.73%	-16.94%	-17.79%
Max Drawdown (5Y) Largest decline over 5 years	-48.77%	-29.20%	-19.57%
Max Drawdown (10Y) Largest decline over 10 years	-49.27%	-42.65%	-6.62%
Current Drawdown Current decline from peak	-32.31%	-2.01%	-30.30%
Average Drawdown Average peak-to-trough decline	-34.69%	-10.49%	-24.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.58%	3.26%	+11.32%

Volatility

FGADX vs. TFEQX - Volatility Comparison

Franklin Gold and Precious Metals Fund Advisor Class (FGADX) has a higher volatility of 16.39% compared to Templeton Institutional Fund International Equity Series (TFEQX) at 5.85%. This indicates that FGADX'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.

Volatility by Period

	FGADX	TFEQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.39%	5.85%	+10.54%
Volatility (6M) Calculated over the trailing 6-month period	38.59%	14.45%	+24.14%
Volatility (1Y) Calculated over the trailing 1-year period	45.29%	16.87%	+28.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.49%	18.85%	+15.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.12%	17.36%	+15.76%

FGADX vs. TFEQX - Expense Ratio Comparison

FGADX has a 0.62% expense ratio, which is lower than TFEQX's 0.83% expense ratio.

Dividends

FGADX vs. TFEQX - Dividend Comparison

FGADX's dividend yield for the trailing twelve months is around 10.77%, less than TFEQX's 37.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGADX Franklin Gold and Precious Metals Fund Advisor Class	10.77%	9.81%	12.51%	3.09%	0.00%	8.83%	10.06%	0.00%	0.00%	0.62%	8.38%	0.00%
TFEQX Templeton Institutional Fund International Equity Series	37.22%	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

Can I hold both FGADX and TFEQX in my portfolio?

FGADX and TFEQX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGADX or TFEQX?

FGADX has higher volatility (16.39%) compared to TFEQX (5.85%). In terms of maximum drawdown, FGADX dropped -78.57% vs TFEQX's -57.70%.

Which has better risk-adjusted returns?

FGADX currently has the higher Sharpe Ratio (1.42 vs 1.42), 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.