FTOIX vs. TFEQX
FTOIX (Franklin Ohio Tax-Free Income Fund) and TFEQX (Templeton Institutional Fund International Equity Series) are both mutual funds - FTOIX is a Municipal Bonds fund managed by Franklin Templeton, while TFEQX is a Foreign Large Cap Equities fund managed by Franklin Templeton. Over the past 10 years, FTOIX returned 1.63%/yr vs 8.87%/yr for TFEQX. Their -0.05 correlation means they have often moved in opposite directions in the past. FTOIX charges 0.66%/yr vs 0.83%/yr for TFEQX.
Performance
FTOIX vs. TFEQX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FTOIX achieves a 0.45% return, which is significantly lower than TFEQX's 13.92% return. Over the past 10 years, FTOIX has underperformed TFEQX with an annualized return of 1.63%, while TFEQX has yielded a comparatively higher 8.87% annualized return.
FTOIX
- 1D
- -0.27%
- 1M
- -2.08%
- 6M
- 0.06%
- YTD
- 0.45%
- 1Y
- 5.92%
- 3Y*
- 3.58%
- 5Y*
- 0.18%
- 10Y*
- 1.63%
- ALL TIME*
- 4.22%
TFEQX
- 1D
- 0.00%
- 1M
- -0.65%
- 6M
- 6.93%
- YTD
- 13.92%
- 1Y
- 26.67%
- 3Y*
- 20.02%
- 5Y*
- 12.36%
- 10Y*
- 8.87%
- ALL TIME*
- 7.61%
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 |
FTOIX vs. TFEQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTOIX Franklin Ohio Tax-Free Income Fund | 0.45% | 4.72% | 2.79% | 5.41% | -11.08% | 0.96% | 4.98% | 7.31% | 0.67% | 4.39% |
TFEQX Templeton Institutional Fund International Equity Series | 13.92% | 31.58% | 9.44% | 22.68% | -9.21% | 5.70% | 5.29% | 11.56% | -17.40% | 19.78% |
Correlation
The correlation between FTOIX and TFEQX is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.19 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1991 | -0.05 |
The correlation between FTOIX and TFEQX shifts across timeframes, from -0.05 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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
FTOIX vs. TFEQX — Risk / Return Rank
FTOIX
TFEQX
FTOIX vs. TFEQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Ohio Tax-Free Income Fund (FTOIX) and Templeton Institutional Fund International Equity Series (TFEQX). 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.
| FTOIX | TFEQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.27 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 2.12 | +0.40 |
| Martin ratioReturn relative to average drawdown | 8.72 | 7.58 | +1.14 |
Loading charts...
Drawdowns
FTOIX vs. TFEQX - Drawdown Comparison
The maximum FTOIX drawdown since its inception was -19.27%, smaller than the maximum TFEQX drawdown of -57.70%. Use the drawdown chart below to compare losses from any high point for FTOIX and TFEQX.
Loading charts...
Drawdown Indicators
| FTOIX | TFEQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.27% | -57.70% | +38.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -11.56% | +8.80% |
Max Drawdown (3Y)Largest decline over 3 years | -5.42% | -16.94% | +11.52% |
Max Drawdown (5Y)Largest decline over 5 years | -16.35% | -29.20% | +12.85% |
Max Drawdown (10Y)Largest decline over 10 years | -16.40% | -42.65% | +26.25% |
Current DrawdownCurrent decline from peak | -2.08% | -3.01% | +0.93% |
Average DrawdownAverage peak-to-trough decline | -2.25% | -10.47% | +8.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 3.23% | -2.43% |
Volatility
FTOIX vs. TFEQX - Volatility Comparison
The current volatility for Franklin Ohio Tax-Free Income Fund (FTOIX) is 0.93%, while Templeton Institutional Fund International Equity Series (TFEQX) has a volatility of 4.35%. This indicates that FTOIX experiences smaller price fluctuations and is considered to be less risky than TFEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FTOIX | TFEQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 4.35% | -3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.41% | 14.41% | -12.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 16.91% | -13.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.30% | 18.84% | -14.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.94% | 17.37% | -13.43% |
FTOIX vs. TFEQX - Expense Ratio Comparison
FTOIX has a 0.66% expense ratio, which is lower than TFEQX's 0.83% expense ratio.
Dividends
FTOIX vs. TFEQX - Dividend Comparison
FTOIX's dividend yield for the trailing twelve months is around 3.27%, less than TFEQX's 37.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTOIX Franklin Ohio Tax-Free Income Fund | 3.27% | 4.53% | 3.80% | 2.75% | 2.74% | 2.10% | 2.53% | 3.38% | 3.04% | 2.77% | 3.32% | 3.49% |
TFEQX Templeton Institutional Fund International Equity Series | 37.61% | 42.84% | 16.75% | 14.08% | 6.20% | 34.04% | 6.78% | 6.65% | 22.18% | 1.60% | 3.46% | 2.46% |
Frequently Asked Questions
FTOIX and TFEQX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TFEQX has higher volatility (4.35%) compared to FTOIX (0.93%). In terms of maximum drawdown, FTOIX dropped -19.27% vs TFEQX's -57.70%.
FTOIX currently has the higher Sharpe Ratio (2.28 vs 1.46), 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 FTOIX and TFEQX
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