SBIEX vs. TFEQX

Last updated Jul 14, 2026

SBIEX (ClearBridge International Value Fund) and TFEQX (Templeton Institutional Fund International Equity Series) are both Foreign Large Cap Equities funds from Franklin Templeton. Over the past 10 years, SBIEX returned 8.10%/yr vs 8.91%/yr for TFEQX. Their correlation of 0.87 suggests significant overlap in exposure. SBIEX charges 1.25%/yr vs 0.83%/yr for TFEQX.

Performance

SBIEX vs. TFEQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ClearBridge International Value Fund (SBIEX) 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, SBIEX achieves a 12.54% return, which is significantly lower than TFEQX's 13.70% return. Over the past 10 years, SBIEX has underperformed TFEQX with an annualized return of 8.10%, while TFEQX has yielded a comparatively higher 8.91% annualized return.

SBIEX

• 1D: 0.26%
• 1M: 0.59%
• 6M: 8.48%
• YTD: 12.54%
• 1Y: 27.00%
• 3Y*: 18.11%
• 5Y*: 10.32%
• 10Y*: 8.10%

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)

SBIEX vs. TFEQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SBIEX ClearBridge International Value Fund	12.54%	38.41%	2.24%	12.79%	-9.62%	15.57%	0.59%	13.75%	-22.53%	23.24%
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 SBIEX and TFEQX is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jan 2, 1991	0.87

The correlation between SBIEX and TFEQX has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.

Return for Risk

SBIEX vs. TFEQX — Risk / Return Rank

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

SBIEX

SBIEX Risk / Return Rank: 43
SBIEX Sharpe Ratio Rank: 44
SBIEX Sortino Ratio Rank: 42
SBIEX Omega Ratio Rank: 44
SBIEX Calmar Ratio Rank: 43
SBIEX Martin Ratio Rank: 44

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.

SBIEX vs. TFEQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ClearBridge International Value Fund (SBIEX) 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.

	SBIEX	TFEQX	Difference
Sharpe ratio: Return per unit of total volatility	1.48	1.38	+0.09
Sortino ratio: Return per unit of downside risk	2.09	2.05	+0.04
Omega ratio: Gain probability vs. loss probability	1.27	1.26	+0.01
Calmar ratio: Return relative to maximum drawdown	2.00	2.02	-0.02
Martin ratio: Return relative to average drawdown	7.43	7.16	+0.28

SBIEX vs. TFEQX - Sharpe Ratio Comparison

The current SBIEX Sharpe Ratio is 1.48, which is comparable to the TFEQX Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of SBIEX 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

SBIEX vs. TFEQX - Drawdown Comparison

The maximum SBIEX drawdown since its inception was -67.93%, which is greater than TFEQX's maximum drawdown of -57.70%. Use the drawdown chart below to compare losses from any high point for SBIEX and TFEQX.

Drawdown Indicators

	SBIEX	TFEQX	Difference
Max Drawdown Largest peak-to-trough decline	-67.93%	-57.70%	-10.23%
Max Drawdown (1Y) Largest decline over 1 year	-13.01%	-11.56%	-1.45%
Max Drawdown (3Y) Largest decline over 3 years	-15.99%	-16.94%	+0.95%
Max Drawdown (5Y) Largest decline over 5 years	-28.51%	-29.20%	+0.69%
Max Drawdown (10Y) Largest decline over 10 years	-53.81%	-42.65%	-11.16%
Current Drawdown Current decline from peak	-1.85%	-3.19%	+1.34%
Average Drawdown Average peak-to-trough decline	-22.41%	-10.49%	-11.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.50%	3.26%	+0.24%

Volatility

SBIEX vs. TFEQX - Volatility Comparison

ClearBridge International Value Fund (SBIEX) has a higher volatility of 6.38% compared to Templeton Institutional Fund International Equity Series (TFEQX) at 5.79%. This indicates that SBIEX'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

	SBIEX	TFEQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.38%	5.79%	+0.59%
Volatility (6M) Calculated over the trailing 6-month period	15.11%	14.51%	+0.60%
Volatility (1Y) Calculated over the trailing 1-year period	17.62%	16.93%	+0.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.77%	18.87%	-1.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.71%	17.36%	+1.35%

SBIEX vs. TFEQX - Expense Ratio Comparison

SBIEX has a 1.25% expense ratio, which is higher than TFEQX's 0.83% expense ratio.

Dividends

SBIEX vs. TFEQX - Dividend Comparison

SBIEX's dividend yield for the trailing twelve months is around 3.42%, less than TFEQX's 37.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SBIEX ClearBridge International Value Fund	3.42%	4.01%	1.92%	4.01%	7.09%	2.23%	0.99%	3.06%	1.47%	1.20%	1.51%	1.67%
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 SBIEX and TFEQX in my portfolio?

With a correlation of 0.93, SBIEX and TFEQX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SBIEX or TFEQX?

SBIEX has higher volatility (6.38%) compared to TFEQX (5.79%). In terms of maximum drawdown, SBIEX dropped -67.93% vs TFEQX's -57.70%.

Which has better risk-adjusted returns?

SBIEX currently has the higher Sharpe Ratio (1.48 vs 1.38), 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.