LBGIX vs. EMO
LBGIX (ClearBridge Mid Cap Growth Fund) and EMO (ClearBridge Energy Midstream Opportunity Fund) are both mutual funds - LBGIX is a Mid Cap Growth Equities fund managed by Franklin Templeton, while EMO is a MLPs fund actively managed by Franklin Templeton. Over the past 10 years, LBGIX returned 11.28%/yr vs 7.75%/yr for EMO. Their 0.38 correlation means their historical movements had little consistent relationship. LBGIX charges 0.85%/yr vs 13.90%/yr for EMO.
Performance
LBGIX vs. EMO - Performance Comparison
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Returns By Period
In the year-to-date period, LBGIX achieves a 3.00% return, which is significantly lower than EMO's 21.52% return. Over the past 10 years, LBGIX has outperformed EMO with an annualized return of 11.28%, while EMO has yielded a comparatively lower 7.75% annualized return.
LBGIX
- 1D
- 1.52%
- 1M
- -3.61%
- 6M
- 2.50%
- YTD
- 3.00%
- 1Y
- 2.00%
- 3Y*
- 9.73%
- 5Y*
- 2.36%
- 10Y*
- 11.28%
- ALL TIME*
- 12.58%
EMO
- 1D
- 1.14%
- 1M
- 5.46%
- 6M
- 10.79%
- YTD
- 21.52%
- 1Y
- 21.50%
- 3Y*
- 28.83%
- 5Y*
- 29.82%
- 10Y*
- 7.75%
- ALL TIME*
- 4.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.85M | $2.08M | $2.48M | |
| $0.00 | $0.00 | $0.00 |
LBGIX vs. EMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LBGIX ClearBridge Mid Cap Growth Fund | 3.00% | 3.06% | 18.83% | 29.07% | -33.31% | 22.59% | 45.33% | 30.88% | -6.11% | 23.02% |
EMO ClearBridge Energy Midstream Opportunity Fund | 21.52% | 7.38% | 44.45% | 31.76% | 40.13% | 74.70% | -64.47% | 19.60% | -25.73% | 0.07% |
Correlation
The correlation between LBGIX and EMO is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2011 | 0.38 |
The correlation between LBGIX and EMO shifts across timeframes, from -0.01 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LBGIX vs. EMO — Risk / Return Rank
LBGIX
EMO
LBGIX vs. EMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Mid Cap Growth Fund (LBGIX) and ClearBridge Energy Midstream Opportunity Fund (EMO). 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.
| LBGIX | EMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.23 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 1.89 | -1.91 |
| Martin ratioReturn relative to average drawdown | -0.05 | 3.92 | -3.96 |
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Drawdowns
LBGIX vs. EMO - Drawdown Comparison
The maximum LBGIX drawdown since its inception was -41.56%, smaller than the maximum EMO drawdown of -95.06%. Use the drawdown chart below to compare losses from any high point for LBGIX and EMO.
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Drawdown Indicators
| LBGIX | EMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.56% | -95.06% | +53.50% |
Max Drawdown (1Y)Largest decline over 1 year | -14.18% | -10.87% | -3.31% |
Max Drawdown (3Y)Largest decline over 3 years | -26.80% | -18.81% | -7.99% |
Max Drawdown (5Y)Largest decline over 5 years | -41.56% | -28.59% | -12.97% |
Max Drawdown (10Y)Largest decline over 10 years | -41.56% | -93.02% | +51.46% |
Current DrawdownCurrent decline from peak | -4.90% | -2.16% | -2.74% |
Average DrawdownAverage peak-to-trough decline | -8.16% | -31.67% | +23.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.52% | 5.24% | -0.72% |
Volatility
LBGIX vs. EMO - Volatility Comparison
The current volatility for ClearBridge Mid Cap Growth Fund (LBGIX) is 4.21%, while ClearBridge Energy Midstream Opportunity Fund (EMO) has a volatility of 5.06%. This indicates that LBGIX experiences smaller price fluctuations and is considered to be less risky than EMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LBGIX | EMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 5.06% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 14.15% | 12.66% | +1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.75% | 16.45% | +1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.67% | 26.05% | -2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.66% | 41.13% | -18.47% |
LBGIX vs. EMO - Expense Ratio Comparison
LBGIX has a 0.85% expense ratio, which is lower than EMO's 13.90% expense ratio.
Dividends
LBGIX vs. EMO - Dividend Comparison
LBGIX's dividend yield for the trailing twelve months is around 6.40%, less than EMO's 8.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMO ClearBridge Energy Midstream Opportunity Fund | 8.35% | 9.41% | 7.16% | 6.79% | 6.71% | 6.71% | 15.82% | 10.94% | 16.39% | 10.85% | 9.76% | 11.88% |
LBGIX ClearBridge Mid Cap Growth Fund | 6.40% | 6.59% | 0.00% | 0.00% | 0.00% | 4.17% | 14.62% | 8.02% | 11.85% | 2.29% | 0.00% | 0.00% |
Frequently Asked Questions
LBGIX and EMO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMO has higher volatility (5.06%) compared to LBGIX (4.21%). In terms of maximum drawdown, LBGIX dropped -41.56% vs EMO's -95.06%.
EMO currently has the higher Sharpe Ratio (1.25 vs -0.01), 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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