FNGAX vs. PZRIX
FNGAX (Franklin International Growth Fund Class A) and PZRIX (PIMCO RAE Global ex-US Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, FNGAX returned 6.07%/yr vs 9.99%/yr for PZRIX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. FNGAX charges 1.12%/yr vs 0.00%/yr for PZRIX.
Performance
FNGAX vs. PZRIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FNGAX achieves a -1.33% return, which is significantly lower than PZRIX's 15.43% return. Over the past 10 years, FNGAX has underperformed PZRIX with an annualized return of 6.07%, while PZRIX has yielded a comparatively higher 9.99% annualized return.
FNGAX
- 1D
- 0.77%
- 1M
- -1.84%
- 6M
- -1.50%
- YTD
- -1.33%
- 1Y
- -2.99%
- 3Y*
- 4.33%
- 5Y*
- -4.12%
- 10Y*
- 6.07%
- ALL TIME*
- 4.06%
PZRIX
- 1D
- -0.08%
- 1M
- 4.75%
- 6M
- 5.68%
- YTD
- 15.43%
- 1Y
- 30.32%
- 3Y*
- 19.23%
- 5Y*
- 11.15%
- 10Y*
- 9.99%
- ALL TIME*
- 10.33%
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 |
FNGAX vs. PZRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNGAX Franklin International Growth Fund Class A | -1.33% | 10.48% | 0.37% | 15.00% | -32.05% | 1.17% | 32.56% | 36.91% | -14.53% | 36.80% |
PZRIX PIMCO RAE Global ex-US Fund | 15.43% | 34.05% | 3.29% | 19.31% | -9.11% | 12.08% | 1.74% | 15.94% | -14.93% | 26.00% |
Correlation
The correlation between FNGAX and PZRIX is 0.63, 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. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.73 |
The correlation between FNGAX and PZRIX has been stable across timeframes, ranging from 0.63 to 0.73 - 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
FNGAX vs. PZRIX — Risk / Return Rank
FNGAX
PZRIX
FNGAX vs. PZRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin International Growth Fund Class A (FNGAX) and PIMCO RAE Global ex-US Fund (PZRIX). 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.
| FNGAX | PZRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.78 | ||
| Sortino ratioReturn per unit of downside risk | -3.66 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.48 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 3.89 | -4.00 |
| Martin ratioReturn relative to average drawdown | -0.28 | 11.80 | -12.08 |
Loading charts...
Drawdowns
FNGAX vs. PZRIX - Drawdown Comparison
The maximum FNGAX drawdown since its inception was -53.35%, which is greater than PZRIX's maximum drawdown of -43.53%. Use the drawdown chart below to compare losses from any high point for FNGAX and PZRIX.
Loading charts...
Drawdown Indicators
| FNGAX | PZRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.35% | -43.53% | -9.82% |
Max Drawdown (1Y)Largest decline over 1 year | -17.35% | -8.18% | -9.17% |
Max Drawdown (3Y)Largest decline over 3 years | -20.13% | -13.81% | -6.32% |
Max Drawdown (5Y)Largest decline over 5 years | -47.24% | -30.85% | -16.39% |
Max Drawdown (10Y)Largest decline over 10 years | -47.24% | -43.53% | -3.71% |
Current DrawdownCurrent decline from peak | -22.09% | -0.69% | -21.40% |
Average DrawdownAverage peak-to-trough decline | -14.24% | -8.80% | -5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.53% | 2.69% | +3.84% |
Volatility
FNGAX vs. PZRIX - Volatility Comparison
Franklin International Growth Fund Class A (FNGAX) has a higher volatility of 4.92% compared to PIMCO RAE Global ex-US Fund (PZRIX) at 2.73%. This indicates that FNGAX's price experiences larger fluctuations and is considered to be riskier than PZRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FNGAX | PZRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 2.73% | +2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 14.77% | 9.57% | +5.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.23% | 11.93% | +6.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.52% | 15.72% | +5.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.11% | 16.64% | +3.47% |
FNGAX vs. PZRIX - Expense Ratio Comparison
FNGAX has a 1.12% expense ratio, which is higher than PZRIX's 0.00% expense ratio.
Dividends
FNGAX vs. PZRIX - Dividend Comparison
FNGAX's dividend yield for the trailing twelve months is around 3.31%, less than PZRIX's 5.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNGAX Franklin International Growth Fund Class A | 3.31% | 3.36% | 1.86% | 0.00% | 1.75% | 1.80% | 2.22% | 0.13% | 1.94% | 1.31% | 0.53% | 0.01% |
PZRIX PIMCO RAE Global ex-US Fund | 5.68% | 6.56% | 6.70% | 9.19% | 8.80% | 11.99% | 2.04% | 6.32% | 2.80% | 4.13% | 2.58% | 0.00% |
Frequently Asked Questions
FNGAX and PZRIX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNGAX has higher volatility (4.92%) compared to PZRIX (2.73%). In terms of maximum drawdown, FNGAX dropped -53.35% vs PZRIX's -43.53%.
PZRIX currently has the higher Sharpe Ratio (2.67 vs -0.10), 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 FNGAX and PZRIX
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