FNGZX vs. DFVIX
FNGZX (Franklin International Growth Fund) and DFVIX (DFA International Value III Portfolio) are both Foreign Large Cap Equities funds. Over the past 10 years, FNGZX returned 6.53%/yr vs 12.51%/yr for DFVIX. A 0.76 correlation means they provide meaningful diversification when combined. FNGZX charges 0.86%/yr vs 0.24%/yr for DFVIX.
Performance
FNGZX vs. DFVIX - Performance Comparison
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Returns By Period
Over the past 10 years, FNGZX has underperformed DFVIX with an annualized return of 6.53%, while DFVIX has yielded a comparatively higher 12.51% annualized return.
FNGZX
- 1D
- 1.10%
- 1M
- -0.06%
- 6M
- -3.75%
- YTD
- -0.00%
- 1Y
- -3.37%
- 3Y*
- 3.37%
- 5Y*
- -3.47%
- 10Y*
- 6.53%
DFVIX
- 1D
- 0.62%
- 1M
- 1.19%
- 6M
- 10.55%
- YTD
- 14.24%
- 1Y
- 35.12%
- 3Y*
- 22.67%
- 5Y*
- 16.97%
- 10Y*
- 12.51%
FNGZX vs. DFVIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNGZX Franklin International Growth Fund | -0.00% | 10.54% | 0.66% | 15.24% | -31.87% | 0.45% | 32.90% | 37.18% | -14.30% | 36.28% |
DFVIX DFA International Value III Portfolio | 14.24% | 44.85% | 6.86% | 17.89% | -3.41% | 23.59% | -1.96% | 15.85% | -17.29% | 26.23% |
Correlation
The correlation between FNGZX and DFVIX is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2008 | 0.76 |
The correlation between FNGZX and DFVIX has been stable across timeframes, ranging from 0.70 to 0.76 - a consistent structural relationship.
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Return for Risk
FNGZX vs. DFVIX — Risk / Return Rank
FNGZX
DFVIX
FNGZX vs. DFVIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin International Growth Fund (FNGZX) and DFA International Value III Portfolio (DFVIX). 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.
| FNGZX | DFVIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.68 | ||
| Sortino ratioReturn per unit of downside risk | -3.53 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.45 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 3.77 | -3.92 |
| Martin ratioReturn relative to average drawdown | -0.40 | 14.46 | -14.85 |
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Drawdowns
FNGZX vs. DFVIX - Drawdown Comparison
The maximum FNGZX drawdown since its inception was -53.35%, smaller than the maximum DFVIX drawdown of -66.53%. Use the drawdown chart below to compare losses from any high point for FNGZX and DFVIX.
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Drawdown Indicators
| FNGZX | DFVIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.35% | -66.53% | +13.18% |
Max Drawdown (1Y)Largest decline over 1 year | -17.29% | -9.53% | -7.76% |
Max Drawdown (3Y)Largest decline over 3 years | -23.20% | -14.68% | -8.52% |
Max Drawdown (5Y)Largest decline over 5 years | -47.63% | -25.26% | -22.37% |
Max Drawdown (10Y)Largest decline over 10 years | -47.63% | -47.89% | +0.26% |
Current DrawdownCurrent decline from peak | -21.09% | 0.00% | -21.09% |
Average DrawdownAverage peak-to-trough decline | -14.20% | -12.23% | -1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.36% | 2.48% | +3.88% |
Volatility
FNGZX vs. DFVIX - Volatility Comparison
Franklin International Growth Fund (FNGZX) has a higher volatility of 4.67% compared to DFA International Value III Portfolio (DFVIX) at 3.59%. This indicates that FNGZX's price experiences larger fluctuations and is considered to be riskier than DFVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNGZX | DFVIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.67% | 3.59% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 14.68% | 11.61% | +3.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.94% | 14.20% | +3.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.48% | 16.46% | +5.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.09% | 17.75% | +2.34% |
FNGZX vs. DFVIX - Expense Ratio Comparison
FNGZX has a 0.86% expense ratio, which is higher than DFVIX's 0.24% expense ratio.
Dividends
FNGZX vs. DFVIX - Dividend Comparison
FNGZX's dividend yield for the trailing twelve months is around 3.37%, less than DFVIX's 3.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFVIX DFA International Value III Portfolio | 3.79% | 4.09% | 4.16% | 4.44% | 3.82% | 7.97% | 2.25% | 3.53% | 6.16% | 3.02% | 3.43% | 5.84% |
FNGZX Franklin International Growth Fund | 3.37% | 3.37% | 2.07% | 0.00% | 1.74% | 1.11% | 2.23% | 0.30% | 2.04% | 1.31% | 0.90% | 0.36% |
Frequently Asked Questions
FNGZX and DFVIX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNGZX has higher volatility (4.67%) compared to DFVIX (3.59%). In terms of maximum drawdown, FNGZX dropped -53.35% vs DFVIX's -66.53%.
DFVIX currently has the higher Sharpe Ratio (2.54 vs -0.14), 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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