FNGZX vs. LMGEX
FNGZX (Franklin International Growth Fund) and LMGEX (Franklin International Equity Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, FNGZX returned 6.35%/yr vs 8.44%/yr for LMGEX. Their correlation of 0.84 means they have usually moved in the same direction. FNGZX charges 0.86%/yr vs 2.05%/yr for LMGEX.
Performance
FNGZX vs. LMGEX - Performance Comparison
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Returns By Period
In the year-to-date period, FNGZX achieves a 0.74% return, which is significantly lower than LMGEX's 12.65% return. Over the past 10 years, FNGZX has underperformed LMGEX with an annualized return of 6.35%, while LMGEX has yielded a comparatively higher 8.44% annualized return.
FNGZX
- 1D
- 2.03%
- 1M
- -1.12%
- 6M
- 1.38%
- YTD
- 0.74%
- 1Y
- -0.68%
- 3Y*
- 5.23%
- 5Y*
- -3.94%
- 10Y*
- 6.35%
- ALL TIME*
- 4.31%
LMGEX
- 1D
- 1.01%
- 1M
- 1.81%
- 6M
- 7.01%
- YTD
- 12.65%
- 1Y
- 24.45%
- 3Y*
- 17.75%
- 5Y*
- 9.49%
- 10Y*
- 8.44%
- ALL TIME*
- 4.88%
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 |
FNGZX vs. LMGEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNGZX Franklin International Growth Fund | 0.74% | 10.54% | 0.66% | 15.24% | -31.87% | 0.45% | 32.90% | 37.18% | -14.30% | 36.28% |
LMGEX Franklin International Equity Fund | 12.65% | 32.05% | 3.42% | 18.48% | -13.55% | 12.87% | 2.74% | 17.61% | -16.67% | 23.58% |
Correlation
The correlation between FNGZX and LMGEX is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2008 | 0.84 |
The correlation between FNGZX and LMGEX has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.
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Return for Risk
FNGZX vs. LMGEX — Risk / Return Rank
FNGZX
LMGEX
FNGZX vs. LMGEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin International Growth Fund (FNGZX) and Franklin International Equity Fund (LMGEX). 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 | LMGEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.28 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 2.10 | -2.15 |
| Martin ratioReturn relative to average drawdown | -0.14 | 7.51 | -7.65 |
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Drawdowns
FNGZX vs. LMGEX - Drawdown Comparison
The maximum FNGZX drawdown since its inception was -53.35%, smaller than the maximum LMGEX drawdown of -63.37%. Use the drawdown chart below to compare losses from any high point for FNGZX and LMGEX.
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Drawdown Indicators
| FNGZX | LMGEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.35% | -63.37% | +10.02% |
Max Drawdown (1Y)Largest decline over 1 year | -17.29% | -11.64% | -5.65% |
Max Drawdown (3Y)Largest decline over 3 years | -20.18% | -13.05% | -7.13% |
Max Drawdown (5Y)Largest decline over 5 years | -47.63% | -28.98% | -18.65% |
Max Drawdown (10Y)Largest decline over 10 years | -47.63% | -39.79% | -7.84% |
Current DrawdownCurrent decline from peak | -20.51% | 0.00% | -20.51% |
Average DrawdownAverage peak-to-trough decline | -14.23% | -18.12% | +3.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.48% | 3.25% | +3.23% |
Volatility
FNGZX vs. LMGEX - Volatility Comparison
Franklin International Growth Fund (FNGZX) has a higher volatility of 5.17% compared to Franklin International Equity Fund (LMGEX) at 4.41%. This indicates that FNGZX's price experiences larger fluctuations and is considered to be riskier than LMGEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNGZX | LMGEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 4.41% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 14.90% | 13.45% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.26% | 15.84% | +2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.52% | 15.96% | +5.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.11% | 15.96% | +4.15% |
FNGZX vs. LMGEX - Expense Ratio Comparison
FNGZX has a 0.86% expense ratio, which is lower than LMGEX's 2.05% expense ratio.
Dividends
FNGZX vs. LMGEX - Dividend Comparison
FNGZX's dividend yield for the trailing twelve months is around 3.35%, less than LMGEX's 7.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNGZX Franklin International Growth Fund | 3.35% | 3.37% | 2.07% | 0.00% | 1.74% | 1.11% | 2.23% | 0.30% | 2.04% | 1.31% | 0.90% | 0.36% |
LMGEX Franklin International Equity Fund | 7.35% | 8.28% | 5.68% | 1.51% | 2.88% | 5.10% | 0.58% | 0.49% | 1.62% | 1.60% | 1.30% | 0.91% |
Frequently Asked Questions
FNGZX and LMGEX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNGZX has higher volatility (5.17%) compared to LMGEX (4.41%). In terms of maximum drawdown, FNGZX dropped -53.35% vs LMGEX's -63.37%.
LMGEX currently has the higher Sharpe Ratio (1.55 vs -0.05), 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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