GOBSX vs. LMGEX
GOBSX (BrandywineGLOBAL - Global Opportunities Bond Fund) and LMGEX (Franklin International Equity Fund) are both mutual funds - GOBSX is a Global Bonds fund managed by Legg Mason, while LMGEX is a Foreign Large Cap Equities fund managed by Legg Mason. Over the past 10 years, GOBSX returned 1.00%/yr vs 8.34%/yr for LMGEX. Their 0.47 correlation means their historical movements had little consistent relationship. GOBSX charges 0.56%/yr vs 2.05%/yr for LMGEX.
Performance
GOBSX vs. LMGEX - Performance Comparison
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Returns By Period
In the year-to-date period, GOBSX achieves a 2.45% return, which is significantly lower than LMGEX's 11.82% return. Over the past 10 years, GOBSX has underperformed LMGEX with an annualized return of 1.00%, while LMGEX has yielded a comparatively higher 8.34% annualized return.
GOBSX
- 1D
- 0.68%
- 1M
- 0.91%
- 6M
- 0.31%
- YTD
- 2.45%
- 1Y
- 4.03%
- 3Y*
- 2.55%
- 5Y*
- -1.49%
- 10Y*
- 1.00%
- ALL TIME*
- 3.50%
LMGEX
- 1D
- 2.74%
- 1M
- 2.28%
- 6M
- 6.76%
- YTD
- 11.82%
- 1Y
- 25.09%
- 3Y*
- 16.43%
- 5Y*
- 9.59%
- 10Y*
- 8.34%
- ALL TIME*
- 4.86%
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 |
GOBSX vs. LMGEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOBSX BrandywineGLOBAL - Global Opportunities Bond Fund | 2.45% | 13.59% | -9.38% | 7.42% | -15.66% | -5.27% | 12.66% | 9.21% | -5.59% | 11.51% |
LMGEX Franklin International Equity Fund | 11.82% | 32.05% | 3.42% | 18.48% | -13.55% | 12.87% | 2.74% | 17.61% | -16.67% | 23.58% |
Correlation
The correlation between GOBSX and LMGEX 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. | 0.50 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.52 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007 | 0.47 |
The correlation between GOBSX and LMGEX shifts across timeframes, from 0.47 (all time) to 0.63 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GOBSX vs. LMGEX — Risk / Return Rank
GOBSX
LMGEX
GOBSX vs. LMGEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BrandywineGLOBAL - Global Opportunities Bond Fund (GOBSX) 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.
| GOBSX | LMGEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.27 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 2.04 | -0.99 |
| Martin ratioReturn relative to average drawdown | 2.79 | 7.30 | -4.52 |
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Drawdowns
GOBSX vs. LMGEX - Drawdown Comparison
The maximum GOBSX drawdown since its inception was -29.04%, smaller than the maximum LMGEX drawdown of -63.37%. Use the drawdown chart below to compare losses from any high point for GOBSX and LMGEX.
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Drawdown Indicators
| GOBSX | LMGEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.04% | -63.37% | +34.33% |
Max Drawdown (1Y)Largest decline over 1 year | -5.10% | -11.64% | +6.54% |
Max Drawdown (3Y)Largest decline over 3 years | -11.88% | -13.05% | +1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -27.47% | -28.98% | +1.51% |
Max Drawdown (10Y)Largest decline over 10 years | -29.04% | -39.79% | +10.75% |
Current DrawdownCurrent decline from peak | -9.86% | 0.00% | -9.86% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -18.13% | +11.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 3.25% | -1.34% |
Volatility
GOBSX vs. LMGEX - Volatility Comparison
The current volatility for BrandywineGLOBAL - Global Opportunities Bond Fund (GOBSX) is 1.44%, while Franklin International Equity Fund (LMGEX) has a volatility of 4.80%. This indicates that GOBSX experiences smaller price fluctuations and is considered to be less risky 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
| GOBSX | LMGEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 4.80% | -3.36% |
Volatility (6M)Calculated over the trailing 6-month period | 5.57% | 13.43% | -7.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.89% | 15.89% | -9.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.30% | 15.96% | -6.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.45% | 15.95% | -7.50% |
GOBSX vs. LMGEX - Expense Ratio Comparison
GOBSX has a 0.56% expense ratio, which is lower than LMGEX's 2.05% expense ratio.
Dividends
GOBSX vs. LMGEX - Dividend Comparison
GOBSX's dividend yield for the trailing twelve months is around 5.18%, less than LMGEX's 7.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOBSX BrandywineGLOBAL - Global Opportunities Bond Fund | 5.18% | 4.28% | 3.80% | 0.09% | 6.70% | 2.30% | 0.31% | 1.56% | 3.15% | 3.68% | 1.87% | 2.61% |
LMGEX Franklin International Equity Fund | 7.40% | 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
GOBSX and LMGEX 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.
LMGEX has higher volatility (4.80%) compared to GOBSX (1.44%). In terms of maximum drawdown, GOBSX dropped -29.04% vs LMGEX's -63.37%.
LMGEX currently has the higher Sharpe Ratio (1.50 vs 0.78), 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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