SBCPX vs. TFEQX

Last updated Jul 14, 2026

SBCPX (Franklin Multi-Asset Defensive Growth Fund) and TFEQX (Templeton Institutional Fund International Equity Series) are both mutual funds - SBCPX is a Diversified Portfolio fund managed by Franklin Templeton, while TFEQX is a Foreign Large Cap Equities fund managed by Franklin Templeton. Over the past 10 years, SBCPX returned 4.96%/yr vs 9.11%/yr for TFEQX. A 0.67 correlation means they provide meaningful diversification when combined. SBCPX charges 0.52%/yr vs 0.83%/yr for TFEQX.

Performance

SBCPX vs. TFEQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Multi-Asset Defensive Growth Fund (SBCPX) 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, SBCPX achieves a 4.88% return, which is significantly lower than TFEQX's 15.10% return. Over the past 10 years, SBCPX has underperformed TFEQX with an annualized return of 4.96%, while TFEQX has yielded a comparatively higher 9.11% annualized return.

SBCPX

• 1D: 0.15%
• 1M: 0.54%
• 6M: 3.66%
• YTD: 4.88%
• 1Y: 10.92%
• 3Y*: 9.44%
• 5Y*: 3.82%
• 10Y*: 4.96%

TFEQX

• 1D: 0.47%
• 1M: -0.56%
• 6M: 10.71%
• YTD: 15.10%
• 1Y: 24.78%
• 3Y*: 21.92%
• 5Y*: 12.34%
• 10Y*: 9.11%

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

SBCPX vs. TFEQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SBCPX Franklin Multi-Asset Defensive Growth Fund	4.88%	10.80%	7.76%	10.29%	-13.81%	5.87%	8.80%	13.64%	-3.87%	8.02%
TFEQX Templeton Institutional Fund International Equity Series	15.10%	31.58%	9.44%	22.68%	-9.21%	5.70%	5.29%	11.56%	-17.40%	19.78%

Correlation

The correlation between SBCPX and TFEQX is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997	0.67

The correlation between SBCPX and TFEQX shifts across timeframes, from 0.67 (all time) to 0.83 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SBCPX vs. TFEQX — Risk / Return Rank

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

SBCPX

SBCPX Risk / Return Rank: 59
SBCPX Sharpe Ratio Rank: 58
SBCPX Sortino Ratio Rank: 59
SBCPX Omega Ratio Rank: 60
SBCPX Calmar Ratio Rank: 52
SBCPX Martin Ratio Rank: 64

TFEQX

TFEQX Risk / Return Rank: 43
TFEQX Sharpe Ratio Rank: 40
TFEQX Sortino Ratio Rank: 42
TFEQX Omega Ratio Rank: 42
TFEQX Calmar Ratio Rank: 45
TFEQX Martin Ratio Rank: 43

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.

SBCPX vs. TFEQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Multi-Asset Defensive Growth Fund (SBCPX) 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.

	SBCPX	TFEQX	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.42	+0.28
Sortino ratio: Return per unit of downside risk	2.42	2.09	+0.32
Omega ratio: Gain probability vs. loss probability	1.32	1.27	+0.05
Calmar ratio: Return relative to maximum drawdown	2.22	2.07	+0.16
Martin ratio: Return relative to average drawdown	9.71	7.32	+2.39

SBCPX vs. TFEQX - Sharpe Ratio Comparison

The current SBCPX Sharpe Ratio is 1.70, which is comparable to the TFEQX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of SBCPX 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

SBCPX vs. TFEQX - Drawdown Comparison

The maximum SBCPX drawdown since its inception was -32.37%, smaller than the maximum TFEQX drawdown of -57.70%. Use the drawdown chart below to compare losses from any high point for SBCPX and TFEQX.

Drawdown Indicators

	SBCPX	TFEQX	Difference
Max Drawdown Largest peak-to-trough decline	-32.37%	-57.70%	+25.33%
Max Drawdown (1Y) Largest decline over 1 year	-4.75%	-11.56%	+6.81%
Max Drawdown (3Y) Largest decline over 3 years	-8.24%	-16.94%	+8.70%
Max Drawdown (5Y) Largest decline over 5 years	-20.66%	-29.20%	+8.54%
Max Drawdown (10Y) Largest decline over 10 years	-20.66%	-42.65%	+21.99%
Current Drawdown Current decline from peak	-0.23%	-2.01%	+1.78%
Average Drawdown Average peak-to-trough decline	-3.10%	-10.49%	+7.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	3.26%	-2.17%

Volatility

SBCPX vs. TFEQX - Volatility Comparison

The current volatility for Franklin Multi-Asset Defensive Growth Fund (SBCPX) is 2.16%, while Templeton Institutional Fund International Equity Series (TFEQX) has a volatility of 5.85%. This indicates that SBCPX experiences smaller price fluctuations and is considered to be less risky than TFEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SBCPX	TFEQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.16%	5.85%	-3.69%
Volatility (6M) Calculated over the trailing 6-month period	5.25%	14.45%	-9.20%
Volatility (1Y) Calculated over the trailing 1-year period	6.22%	16.87%	-10.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.74%	18.85%	-11.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.04%	17.36%	-10.32%

SBCPX vs. TFEQX - Expense Ratio Comparison

SBCPX has a 0.52% expense ratio, which is lower than TFEQX's 0.83% expense ratio.

Dividends

SBCPX vs. TFEQX - Dividend Comparison

SBCPX's dividend yield for the trailing twelve months is around 8.19%, less than TFEQX's 37.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SBCPX Franklin Multi-Asset Defensive Growth Fund	8.19%	5.17%	3.25%	2.36%	6.06%	5.14%	3.25%	4.08%	4.18%	7.15%	3.37%	2.28%
TFEQX Templeton Institutional Fund International Equity Series	37.22%	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 SBCPX and TFEQX in my portfolio?

SBCPX and TFEQX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SBCPX or TFEQX?

TFEQX has higher volatility (5.85%) compared to SBCPX (2.16%). In terms of maximum drawdown, SBCPX dropped -32.37% vs TFEQX's -57.70%.

Which has better risk-adjusted returns?

SBCPX currently has the higher Sharpe Ratio (1.70 vs 1.42), 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.