LMGEX vs. FNGZX
LMGEX (Franklin International Equity Fund) and FNGZX (Franklin International Growth Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, LMGEX returned 8.31%/yr vs 6.53%/yr for FNGZX. Their correlation of 0.84 suggests significant overlap in exposure. LMGEX charges 2.05%/yr vs 0.86%/yr for FNGZX.
Performance
LMGEX vs. FNGZX - Performance Comparison
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Returns By Period
Over the past 10 years, LMGEX has outperformed FNGZX with an annualized return of 8.31%, while FNGZX has yielded a comparatively lower 6.53% annualized return.
LMGEX
- 1D
- 0.81%
- 1M
- 0.49%
- 6M
- 6.63%
- YTD
- 9.97%
- 1Y
- 21.48%
- 3Y*
- 16.13%
- 5Y*
- 9.54%
- 10Y*
- 8.31%
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%
LMGEX vs. FNGZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LMGEX Franklin International Equity Fund | 9.97% | 32.05% | 3.42% | 18.48% | -13.55% | 12.87% | 2.74% | 17.61% | -16.67% | 23.58% |
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% |
Correlation
The correlation between LMGEX and FNGZX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2008 | 0.84 |
The correlation between LMGEX and FNGZX has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.
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Return for Risk
LMGEX vs. FNGZX — Risk / Return Rank
LMGEX
FNGZX
LMGEX vs. FNGZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin International Equity Fund (LMGEX) and Franklin International Growth Fund (FNGZX). 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.
| LMGEX | FNGZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.99 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | -0.15 | +2.03 |
| Martin ratioReturn relative to average drawdown | 6.66 | -0.40 | +7.06 |
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Drawdowns
LMGEX vs. FNGZX - Drawdown Comparison
The maximum LMGEX drawdown since its inception was -63.37%, which is greater than FNGZX's maximum drawdown of -53.35%. Use the drawdown chart below to compare losses from any high point for LMGEX and FNGZX.
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Drawdown Indicators
| LMGEX | FNGZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.37% | -53.35% | -10.02% |
Max Drawdown (1Y)Largest decline over 1 year | -11.64% | -17.29% | +5.65% |
Max Drawdown (3Y)Largest decline over 3 years | -13.05% | -23.20% | +10.15% |
Max Drawdown (5Y)Largest decline over 5 years | -28.98% | -47.63% | +18.65% |
Max Drawdown (10Y)Largest decline over 10 years | -39.79% | -47.63% | +7.84% |
Current DrawdownCurrent decline from peak | -0.62% | -21.09% | +20.47% |
Average DrawdownAverage peak-to-trough decline | -18.15% | -14.20% | -3.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 6.36% | -3.07% |
Volatility
LMGEX vs. FNGZX - Volatility Comparison
The current volatility for Franklin International Equity Fund (LMGEX) is 4.25%, while Franklin International Growth Fund (FNGZX) has a volatility of 4.67%. This indicates that LMGEX experiences smaller price fluctuations and is considered to be less risky than FNGZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LMGEX | FNGZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 4.67% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 13.29% | 14.68% | -1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.81% | 17.94% | -2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.93% | 21.48% | -5.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.93% | 20.09% | -4.16% |
LMGEX vs. FNGZX - Expense Ratio Comparison
LMGEX has a 2.05% expense ratio, which is higher than FNGZX's 0.86% expense ratio.
Dividends
LMGEX vs. FNGZX - Dividend Comparison
LMGEX's dividend yield for the trailing twelve months is around 7.53%, more than FNGZX's 3.37% 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% |
LMGEX Franklin International Equity Fund | 7.53% | 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
LMGEX and FNGZX 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 (4.67%) compared to LMGEX (4.25%). In terms of maximum drawdown, LMGEX dropped -63.37% vs FNGZX's -53.35%.
LMGEX currently has the higher Sharpe Ratio (1.39 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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