PAF.L vs. TEMGX

Last updated Jun 10, 2026

PAF.L (Pan African Resources plc) is a stock, while TEMGX (Templeton Global Smaller Companies Fund) is Global Equities fund managed by Franklin Templeton. Over the past 10 years, PAF.L returned 24.71%/yr vs 6.83%/yr for TEMGX. At a 0.08 correlation, their price movements are largely independent.

Performance

PAF.L vs. TEMGX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Pan African Resources plc (PAF.L) and Templeton Global Smaller Companies Fund (TEMGX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PAF.L is traded in GBp, while TEMGX is traded in USD. To make them comparable, the TEMGX values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, PAF.L achieves a -13.00% return, which is significantly lower than TEMGX's 7.81% return. Over the past 10 years, PAF.L has outperformed TEMGX with an annualized return of 24.71%, while TEMGX has yielded a comparatively lower 6.83% annualized return.

PAF.L

• 1D: -3.14%
• 1M: -30.59%
• YTD: -13.00%
• 6M: -4.82%
• 1Y: 124.55%
• 3Y*: 104.98%
• 5Y*: 44.71%
• 10Y*: 24.71%

TEMGX

• 1D: -1.89%
• 1M: 0.61%
• YTD: 7.81%
• 6M: 7.05%
• 1Y: 15.46%
• 3Y*: 5.67%
• 5Y*: 1.32%
• 10Y*: 6.83%

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

PAF.L vs. TEMGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PAF.L Pan African Resources plc	-13.00%	258.03%	109.32%	6.38%	4.14%	-25.77%	102.96%	40.81%	-34.94%	-11.75%
TEMGX Templeton Global Smaller Companies Fund	7.81%	-2.08%	5.23%	10.79%	-14.96%	16.15%	9.91%	19.76%	-13.25%	14.13%

Correlation

The correlation between PAF.L and TEMGX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Jul 5, 2007	0.08

Return for Risk

PAF.L vs. TEMGX — Risk / Return Rank

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

PAF.L

PAF.L Risk / Return Rank: 87
PAF.L Sharpe Ratio Rank: 92
PAF.L Sortino Ratio Rank: 85
PAF.L Omega Ratio Rank: 86
PAF.L Calmar Ratio Rank: 83
PAF.L Martin Ratio Rank: 88

TEMGX

TEMGX Risk / Return Rank: 17
TEMGX Sharpe Ratio Rank: 17
TEMGX Sortino Ratio Rank: 17
TEMGX Omega Ratio Rank: 17
TEMGX Calmar Ratio Rank: 16
TEMGX Martin Ratio Rank: 16

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.

PAF.L vs. TEMGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pan African Resources plc (PAF.L) and Templeton Global Smaller Companies Fund (TEMGX). 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.

	PAF.L	TEMGX	Difference
Sharpe ratio: Return per unit of total volatility	2.31	1.27	+1.04
Sortino ratio: Return per unit of downside risk	2.60	1.82	+0.78
Omega ratio: Gain probability vs. loss probability	1.35	1.23	+0.11
Calmar ratio: Return relative to maximum drawdown	2.91	1.58	+1.33
Martin ratio: Return relative to average drawdown	9.67	5.70	+3.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PAF.L vs. TEMGX - Sharpe Ratio Comparison

The current PAF.L Sharpe Ratio is 2.31, which is higher than the TEMGX Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of PAF.L and TEMGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PAF.L	TEMGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	1.27	+1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	0.09	+0.85
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.43	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.35	0.00

Drawdowns

PAF.L vs. TEMGX - Drawdown Comparison

The maximum PAF.L drawdown since its inception was -80.73%, which is greater than TEMGX's maximum drawdown of -53.72%. Use the drawdown chart below to compare losses from any high point for PAF.L and TEMGX.

Drawdown Indicators

	PAF.L	TEMGX	Difference
Max Drawdown Largest peak-to-trough decline	-80.73%	-53.72%	-27.01%
Max Drawdown (1Y) Largest decline over 1 year	-42.60%	-10.63%	-31.97%
Max Drawdown (3Y) Largest decline over 3 years	-42.60%	-22.99%	-19.61%
Max Drawdown (5Y) Largest decline over 5 years	-47.34%	-23.39%	-23.95%
Max Drawdown (10Y) Largest decline over 10 years	-70.68%	-31.90%	-38.78%
Current Drawdown Current decline from peak	-42.60%	-2.08%	-40.52%
Average Drawdown Average peak-to-trough decline	-29.24%	-9.82%	-19.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.83%	2.94%	+9.89%

Volatility

PAF.L vs. TEMGX - Volatility Comparison

Pan African Resources plc (PAF.L) has a higher volatility of 20.81% compared to Templeton Global Smaller Companies Fund (TEMGX) at 4.20%. This indicates that PAF.L's price experiences larger fluctuations and is considered to be riskier than TEMGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PAF.L	TEMGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.81%	4.20%	+16.61%
Volatility (6M) Calculated over the trailing 6-month period	44.55%	10.22%	+34.33%
Volatility (1Y) Calculated over the trailing 1-year period	53.72%	13.28%	+40.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.94%	15.07%	+32.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.55%	16.03%	+37.52%

Dividends

PAF.L vs. TEMGX - Dividend Comparison

PAF.L's dividend yield for the trailing twelve months is around 2.08%, less than TEMGX's 4.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PAF.L Pan African Resources plc	2.08%	1.35%	2.79%	4.52%	5.25%	5.09%	2.92%	0.98%	0.00%	3.38%	5.67%	6.83%
TEMGX Templeton Global Smaller Companies Fund	4.39%	4.69%	2.98%	1.09%	3.14%	10.66%	2.58%	2.16%	9.12%	3.65%	0.33%	0.21%

Frequently Asked Questions

Can I hold both PAF.L and TEMGX in my portfolio?

PAF.L and TEMGX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.