FNGZX vs. SWRLX
FNGZX (Franklin International Growth Fund) and SWRLX (Touchstone International Equity Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, FNGZX returned 6.53%/yr vs 10.85%/yr for SWRLX. Their correlation of 0.81 suggests significant overlap in exposure. FNGZX charges 0.86%/yr vs 1.37%/yr for SWRLX.
Performance
FNGZX vs. SWRLX - Performance Comparison
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Returns By Period
Over the past 10 years, FNGZX has underperformed SWRLX with an annualized return of 6.53%, while SWRLX has yielded a comparatively higher 10.85% 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%
SWRLX
- 1D
- 0.62%
- 1M
- -1.22%
- 6M
- 16.14%
- YTD
- 21.00%
- 1Y
- 45.30%
- 3Y*
- 23.18%
- 5Y*
- 12.76%
- 10Y*
- 10.85%
FNGZX vs. SWRLX - 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% |
SWRLX Touchstone International Equity Fund | 21.00% | 53.78% | -1.53% | 17.63% | -11.02% | 3.86% | 7.47% | 25.87% | -16.81% | 27.24% |
Correlation
The correlation between FNGZX and SWRLX is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2008 | 0.81 |
The correlation between FNGZX and SWRLX has been stable across timeframes, ranging from 0.74 to 0.81 - a consistent structural relationship.
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Return for Risk
FNGZX vs. SWRLX — Risk / Return Rank
FNGZX
SWRLX
FNGZX vs. SWRLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin International Growth Fund (FNGZX) and Touchstone International Equity Fund (SWRLX). 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 | SWRLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.09 | ||
| Sortino ratioReturn per unit of downside risk | -3.82 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.54 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 3.99 | -4.14 |
| Martin ratioReturn relative to average drawdown | -0.40 | 14.36 | -14.76 |
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Drawdowns
FNGZX vs. SWRLX - Drawdown Comparison
The maximum FNGZX drawdown since its inception was -53.35%, smaller than the maximum SWRLX drawdown of -59.44%. Use the drawdown chart below to compare losses from any high point for FNGZX and SWRLX.
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Drawdown Indicators
| FNGZX | SWRLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.35% | -59.44% | +6.09% |
Max Drawdown (1Y)Largest decline over 1 year | -17.29% | -11.49% | -5.80% |
Max Drawdown (3Y)Largest decline over 3 years | -23.20% | -14.08% | -9.12% |
Max Drawdown (5Y)Largest decline over 5 years | -47.63% | -34.19% | -13.44% |
Max Drawdown (10Y)Largest decline over 10 years | -47.63% | -35.95% | -11.68% |
Current DrawdownCurrent decline from peak | -21.09% | -2.88% | -18.21% |
Average DrawdownAverage peak-to-trough decline | -14.20% | -11.59% | -2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.36% | 3.19% | +3.17% |
Volatility
FNGZX vs. SWRLX - Volatility Comparison
The current volatility for Franklin International Growth Fund (FNGZX) is 4.67%, while Touchstone International Equity Fund (SWRLX) has a volatility of 5.57%. This indicates that FNGZX experiences smaller price fluctuations and is considered to be less risky than SWRLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNGZX | SWRLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.67% | 5.57% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 14.68% | 13.68% | +1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.94% | 15.59% | +2.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.48% | 17.63% | +3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.09% | 16.63% | +3.46% |
FNGZX vs. SWRLX - Expense Ratio Comparison
FNGZX has a 0.86% expense ratio, which is lower than SWRLX's 1.37% expense ratio.
Dividends
FNGZX vs. SWRLX - Dividend Comparison
FNGZX's dividend yield for the trailing twelve months is around 3.37%, less than SWRLX's 6.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SWRLX Touchstone International Equity Fund | 6.31% | 7.63% | 10.53% | 1.36% | 1.56% | 14.95% | 0.46% | 9.10% | 15.19% | 3.61% | 0.66% | 3.76% |
Frequently Asked Questions
FNGZX and SWRLX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SWRLX has higher volatility (5.57%) compared to FNGZX (4.67%). In terms of maximum drawdown, FNGZX dropped -53.35% vs SWRLX's -59.44%.
SWRLX currently has the higher Sharpe Ratio (2.95 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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