LMGNX vs. TFEQX

Last updated Jul 15, 2026

LMGNX (ClearBridge International Growth Fund Class I) and TFEQX (Templeton Institutional Fund International Equity Series) are both mutual funds - LMGNX is a Large Cap Growth Equities fund managed by Franklin Templeton, while TFEQX is a Foreign Large Cap Equities fund managed by Franklin Templeton. Over the past 10 years, LMGNX returned 9.96%/yr vs 8.91%/yr for TFEQX. A 0.69 correlation means they provide meaningful diversification when combined. LMGNX charges 0.78%/yr vs 0.83%/yr for TFEQX.

Performance

LMGNX vs. TFEQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ClearBridge International Growth Fund Class I (LMGNX) and Templeton Institutional Fund International Equity Series (TFEQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LMGNX achieves a 2.27% return, which is significantly lower than TFEQX's 13.70% return. Over the past 10 years, LMGNX has outperformed TFEQX with an annualized return of 9.96%, while TFEQX has yielded a comparatively lower 8.91% annualized return.

LMGNX

• 1D: -1.72%
• 1M: -3.59%
• 6M: -1.40%
• YTD: 2.27%
• 1Y: 9.26%
• 3Y*: 10.79%
• 5Y*: 4.17%
• 10Y*: 9.96%

TFEQX

• 1D: -1.21%
• 1M: -1.76%
• 6M: 9.60%
• YTD: 13.70%
• 1Y: 23.77%
• 3Y*: 20.32%
• 5Y*: 12.10%
• 10Y*: 8.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LMGNX vs. TFEQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LMGNX ClearBridge International Growth Fund Class I	2.27%	23.05%	7.48%	14.30%	-21.16%	3.99%	24.92%	31.43%	-9.37%	36.41%
TFEQX Templeton Institutional Fund International Equity Series	13.70%	31.58%	9.44%	22.68%	-9.21%	5.70%	5.29%	11.56%	-17.40%	19.78%

Correlation

The correlation between LMGNX and TFEQX is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jan 4, 2002	0.69

The correlation between LMGNX and TFEQX shifts across timeframes, from 0.69 (all time) to 0.88 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

LMGNX vs. TFEQX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LMGNX

LMGNX Risk / Return Rank: 10
LMGNX Sharpe Ratio Rank: 9
LMGNX Sortino Ratio Rank: 9
LMGNX Omega Ratio Rank: 9
LMGNX Calmar Ratio Rank: 11
LMGNX Martin Ratio Rank: 13

TFEQX

TFEQX Risk / Return Rank: 41
TFEQX Sharpe Ratio Rank: 39
TFEQX Sortino Ratio Rank: 41
TFEQX Omega Ratio Rank: 41
TFEQX Calmar Ratio Rank: 44
TFEQX Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LMGNX vs. TFEQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearBridge International Growth Fund Class I (LMGNX) 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.

	LMGNX	TFEQX	Difference
Sharpe ratio: Return per unit of total volatility	0.50	1.38	-0.88
Sortino ratio: Return per unit of downside risk	0.82	2.05	-1.23
Omega ratio: Gain probability vs. loss probability	1.10	1.26	-0.16
Calmar ratio: Return relative to maximum drawdown	0.72	2.02	-1.31
Martin ratio: Return relative to average drawdown	2.52	7.16	-4.63

LMGNX vs. TFEQX - Sharpe Ratio Comparison

The current LMGNX Sharpe Ratio is 0.50, which is lower than the TFEQX Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of LMGNX and TFEQX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LMGNX vs. TFEQX - Drawdown Comparison

The maximum LMGNX drawdown since its inception was -71.13%, which is greater than TFEQX's maximum drawdown of -57.70%. Use the drawdown chart below to compare losses from any high point for LMGNX and TFEQX.

Drawdown Indicators

	LMGNX	TFEQX	Difference
Max Drawdown Largest peak-to-trough decline	-71.13%	-57.70%	-13.43%
Max Drawdown (1Y) Largest decline over 1 year	-13.62%	-11.56%	-2.06%
Max Drawdown (3Y) Largest decline over 3 years	-14.43%	-16.94%	+2.51%
Max Drawdown (5Y) Largest decline over 5 years	-34.96%	-29.20%	-5.76%
Max Drawdown (10Y) Largest decline over 10 years	-34.96%	-42.65%	+7.69%
Current Drawdown Current decline from peak	-6.21%	-3.19%	-3.02%
Average Drawdown Average peak-to-trough decline	-15.41%	-10.49%	-4.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.86%	3.26%	+0.60%

Volatility

LMGNX vs. TFEQX - Volatility Comparison

ClearBridge International Growth Fund Class I (LMGNX) has a higher volatility of 8.01% compared to Templeton Institutional Fund International Equity Series (TFEQX) at 5.79%. This indicates that LMGNX's price experiences larger fluctuations and is considered to be riskier than TFEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LMGNX	TFEQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.01%	5.79%	+2.22%
Volatility (6M) Calculated over the trailing 6-month period	17.08%	14.51%	+2.57%
Volatility (1Y) Calculated over the trailing 1-year period	19.51%	16.93%	+2.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.11%	18.87%	-0.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.28%	17.36%	-0.08%

LMGNX vs. TFEQX - Expense Ratio Comparison

LMGNX has a 0.78% expense ratio, which is lower than TFEQX's 0.83% expense ratio.

Dividends

LMGNX vs. TFEQX - Dividend Comparison

LMGNX's dividend yield for the trailing twelve months is around 7.16%, less than TFEQX's 37.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LMGNX ClearBridge International Growth Fund Class I	7.16%	7.33%	1.38%	1.28%	0.81%	2.28%	0.16%	0.31%	0.24%	0.21%	0.56%	0.00%
TFEQX Templeton Institutional Fund International Equity Series	37.68%	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

Can I hold both LMGNX and TFEQX in my portfolio?

LMGNX and TFEQX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LMGNX or TFEQX?

LMGNX has higher volatility (8.01%) compared to TFEQX (5.79%). In terms of maximum drawdown, LMGNX dropped -71.13% vs TFEQX's -57.70%.

Which has better risk-adjusted returns?

TFEQX currently has the higher Sharpe Ratio (1.38 vs 0.50), 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.