FGBRX vs. MXGBX
FGBRX (Templeton Global Bond Fund - Class R) and MXGBX (Great-West Global Bond Fund) are both Global Bonds funds. Over the past 10 years, FGBRX returned -0.08%/yr vs 0.00%/yr for MXGBX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. FGBRX charges 1.24%/yr vs 1.00%/yr for MXGBX.
Performance
FGBRX vs. MXGBX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FGBRX achieves a 3.51% return, which is significantly higher than MXGBX's -1.58% return.
FGBRX
- 1D
- 0.14%
- 1M
- 1.30%
- 6M
- 0.82%
- YTD
- 3.51%
- 1Y
- 6.17%
- 3Y*
- 2.48%
- 5Y*
- -0.46%
- 10Y*
- -0.08%
- ALL TIME*
- 1.73%
MXGBX
- 1D
- 0.29%
- 1M
- 0.00%
- 6M
- -1.86%
- YTD
- -1.58%
- 1Y
- -0.28%
- 3Y*
- 2.97%
- 5Y*
- -1.86%
- 10Y*
- 0.00%
- ALL TIME*
- -0.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FGBRX vs. MXGBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGBRX Templeton Global Bond Fund - Class R | 3.51% | 14.81% | -12.18% | 2.18% | -6.40% | -5.30% | -4.65% | 0.38% | 1.01% | 2.10% |
MXGBX Great-West Global Bond Fund | -1.58% | 7.54% | -0.88% | 5.13% | -14.65% | -6.57% | 5.46% | 4.08% | -0.27% | 0.14% |
Correlation
The correlation between FGBRX and MXGBX is 0.75, 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. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2009 | 0.80 |
The correlation between FGBRX and MXGBX has been stable across timeframes, ranging from 0.70 to 0.80 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FGBRX vs. MXGBX — Risk / Return Rank
FGBRX
MXGBX
FGBRX vs. MXGBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Templeton Global Bond Fund - Class R (FGBRX) and Great-West Global Bond Fund (MXGBX). 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.
| FGBRX | MXGBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.00 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | -0.04 | +1.04 |
| Martin ratioReturn relative to average drawdown | 2.81 | -0.12 | +2.93 |
Loading charts...
Drawdowns
FGBRX vs. MXGBX - Drawdown Comparison
The maximum FGBRX drawdown since its inception was -27.46%, smaller than the maximum MXGBX drawdown of -45.02%. Use the drawdown chart below to compare losses from any high point for FGBRX and MXGBX.
Loading charts...
Drawdown Indicators
| FGBRX | MXGBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.46% | -45.02% | +17.56% |
Max Drawdown (1Y)Largest decline over 1 year | -6.38% | -6.80% | +0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -13.09% | -7.07% | -6.02% |
Max Drawdown (5Y)Largest decline over 5 years | -18.54% | -24.06% | +5.52% |
Max Drawdown (10Y)Largest decline over 10 years | -27.46% | -26.80% | -0.66% |
Current DrawdownCurrent decline from peak | -13.26% | -34.09% | +20.83% |
Average DrawdownAverage peak-to-trough decline | -8.42% | -20.68% | +12.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 2.26% | 0.00% |
Volatility
FGBRX vs. MXGBX - Volatility Comparison
Templeton Global Bond Fund - Class R (FGBRX) has a higher volatility of 1.86% compared to Great-West Global Bond Fund (MXGBX) at 1.15%. This indicates that FGBRX's price experiences larger fluctuations and is considered to be riskier than MXGBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FGBRX | MXGBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | 1.15% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 6.01% | 3.63% | +2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.24% | 9.33% | -2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.19% | 7.40% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.14% | 6.44% | +0.70% |
FGBRX vs. MXGBX - Expense Ratio Comparison
FGBRX has a 1.24% expense ratio, which is higher than MXGBX's 1.00% expense ratio.
Dividends
FGBRX vs. MXGBX - Dividend Comparison
FGBRX's dividend yield for the trailing twelve months is around 4.71%, more than MXGBX's 3.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGBRX Templeton Global Bond Fund - Class R | 4.71% | 4.10% | 5.49% | 3.61% | 4.92% | 5.11% | 4.34% | 5.86% | 6.27% | 3.08% | 2.10% | 2.85% |
MXGBX Great-West Global Bond Fund | 3.12% | 3.07% | 2.69% | 0.84% | 1.28% | 0.07% | 1.05% | 3.82% | 3.04% | 0.14% | 0.00% | 0.00% |
Frequently Asked Questions
FGBRX and MXGBX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FGBRX has higher volatility (1.86%) compared to MXGBX (1.15%). In terms of maximum drawdown, FGBRX dropped -27.46% vs MXGBX's -45.02%.
FGBRX currently has the higher Sharpe Ratio (0.88 vs -0.03), 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.
Find the right allocation for FGBRX and MXGBX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer