FIBPX vs. TPINX
FIBPX (Federated Hermes International Bond Strategy Portfolio) and TPINX (Templeton Global Bond Fund) are both Global Bonds funds. Over the past 10 years, FIBPX returned 2.08%/yr vs 0.20%/yr for TPINX. At a 0.37 correlation, their price movements are largely independent. FIBPX charges 0.00%/yr vs 0.94%/yr for TPINX.
Performance
FIBPX vs. TPINX - Performance Comparison
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Returns By Period
In the year-to-date period, FIBPX achieves a 1.10% return, which is significantly lower than TPINX's 1.28% return. Over the past 10 years, FIBPX has outperformed TPINX with an annualized return of 2.08%, while TPINX has yielded a comparatively lower 0.20% annualized return.
FIBPX
- 1D
- -0.08%
- 1M
- 1.26%
- YTD
- 1.10%
- 6M
- 1.55%
- 1Y
- 5.25%
- 3Y*
- 7.32%
- 5Y*
- 0.11%
- 10Y*
- 2.08%
TPINX
- 1D
- -0.42%
- 1M
- 0.17%
- YTD
- 1.28%
- 6M
- 1.92%
- 1Y
- 5.74%
- 3Y*
- 1.61%
- 5Y*
- -0.77%
- 10Y*
- 0.20%
FIBPX vs. TPINX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIBPX Federated Hermes International Bond Strategy Portfolio | 1.10% | 11.18% | 2.89% | 8.33% | -16.87% | -5.25% | 10.95% | 9.65% | -2.89% | 9.34% |
TPINX Templeton Global Bond Fund | 1.28% | 15.02% | -11.95% | 2.45% | -6.17% | -5.06% | -4.41% | 0.63% | 1.26% | 2.36% |
Correlation
The correlation between FIBPX and TPINX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2009 | 0.37 |
Over the past year, FIBPX and TPINX have become more correlated (0.83) than their long-term average of 0.37, meaning their price movements have been converging.
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Return for Risk
FIBPX vs. TPINX — Risk / Return Rank
FIBPX
TPINX
FIBPX vs. TPINX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes International Bond Strategy Portfolio (FIBPX) and Templeton Global Bond Fund (TPINX). 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.
| FIBPX | TPINX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.14 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 0.86 | +0.27 |
| Martin ratioReturn relative to average drawdown | 3.63 | 2.65 | +0.98 |
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Drawdowns
FIBPX vs. TPINX - Drawdown Comparison
The maximum FIBPX drawdown since its inception was -29.22%, which is greater than TPINX's maximum drawdown of -26.45%. Use the drawdown chart below to compare losses from any high point for FIBPX and TPINX.
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Drawdown Indicators
| FIBPX | TPINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.22% | -26.45% | -2.77% |
Max Drawdown (1Y)Largest decline over 1 year | -4.82% | -6.36% | +1.54% |
Max Drawdown (3Y)Largest decline over 3 years | -6.60% | -13.03% | +6.43% |
Max Drawdown (5Y)Largest decline over 5 years | -28.54% | -18.19% | -10.35% |
Max Drawdown (10Y)Largest decline over 10 years | -29.22% | -26.45% | -2.77% |
Current DrawdownCurrent decline from peak | -1.50% | -13.78% | +12.28% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -4.85% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 2.06% | -0.58% |
Volatility
FIBPX vs. TPINX - Volatility Comparison
The current volatility for Federated Hermes International Bond Strategy Portfolio (FIBPX) is 1.34%, while Templeton Global Bond Fund (TPINX) has a volatility of 2.11%. This indicates that FIBPX experiences smaller price fluctuations and is considered to be less risky than TPINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIBPX | TPINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 2.11% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 6.11% | -1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.42% | 7.36% | -1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.59% | 8.15% | -1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.98% | 7.26% | -1.28% |
FIBPX vs. TPINX - Expense Ratio Comparison
FIBPX has a 0.00% expense ratio, which is lower than TPINX's 0.94% expense ratio.
Dividends
FIBPX vs. TPINX - Dividend Comparison
FIBPX's dividend yield for the trailing twelve months is around 5.20%, more than TPINX's 5.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIBPX Federated Hermes International Bond Strategy Portfolio | 5.20% | 5.26% | 5.37% | 3.61% | 0.00% | 5.00% | 2.08% | 3.45% | 4.39% | 2.79% | 4.61% | 0.00% |
TPINX Templeton Global Bond Fund | 5.07% | 4.29% | 5.77% | 3.87% | 5.17% | 5.38% | 4.59% | 6.12% | 6.53% | 3.34% | 2.33% | 3.11% |
Frequently Asked Questions
FIBPX and TPINX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TPINX has higher volatility (2.11%) compared to FIBPX (1.34%). In terms of maximum drawdown, FIBPX dropped -29.22% vs TPINX's -26.45%.
FIBPX currently has the higher Sharpe Ratio (1.01 vs 0.74), 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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