TBGVX vs. TWEBX

Last updated Jun 6, 2026

TBGVX (Tweedy, Browne International Value Fund) and TWEBX (Tweedy, Browne Value Fund) are both mutual funds - TBGVX is a Foreign Large Cap Equities fund managed by Tweedy, Browne, while TWEBX is a Global Equities fund managed by Tweedy, Browne. Over the past 10 years, TBGVX returned 7.89%/yr vs 8.42%/yr for TWEBX. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 1.40% expense ratio.

Performance

TBGVX vs. TWEBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tweedy, Browne International Value Fund (TBGVX) and Tweedy, Browne Value Fund (TWEBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TBGVX achieves a 10.15% return, which is significantly lower than TWEBX's 10.86% return. Over the past 10 years, TBGVX has underperformed TWEBX with an annualized return of 7.89%, while TWEBX has yielded a comparatively higher 8.42% annualized return.

TBGVX

• 1D: 0.19%
• 1M: 2.31%
• YTD: 10.15%
• 6M: 11.72%
• 1Y: 18.28%
• 3Y*: 13.70%
• 5Y*: 8.15%
• 10Y*: 7.89%

TWEBX

• 1D: 0.51%
• 1M: 1.96%
• YTD: 10.86%
• 6M: 12.36%
• 1Y: 22.16%
• 3Y*: 13.77%
• 5Y*: 8.47%
• 10Y*: 8.42%

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

TBGVX vs. TWEBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TBGVX Tweedy, Browne International Value Fund	10.15%	23.86%	2.47%	12.48%	-7.52%	15.62%	-1.00%	14.64%	-6.72%	15.03%
TWEBX Tweedy, Browne Value Fund	10.86%	21.59%	1.30%	15.21%	-5.65%	16.20%	-2.00%	16.09%	-6.43%	15.54%

Correlation

The correlation between TBGVX and TWEBX is 0.94, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 4, 1994	0.77

The correlation between TBGVX and TWEBX shifts across timeframes, from 0.77 (all time) to 0.95 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

TBGVX vs. TWEBX — Risk / Return Rank

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

TBGVX

TBGVX Risk / Return Rank: 39
TBGVX Sharpe Ratio Rank: 46
TBGVX Sortino Ratio Rank: 45
TBGVX Omega Ratio Rank: 47
TBGVX Calmar Ratio Rank: 29
TBGVX Martin Ratio Rank: 27

TWEBX

TWEBX Risk / Return Rank: 55
TWEBX Sharpe Ratio Rank: 63
TWEBX Sortino Ratio Rank: 64
TWEBX Omega Ratio Rank: 65
TWEBX Calmar Ratio Rank: 44
TWEBX Martin Ratio Rank: 40

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.

TBGVX vs. TWEBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tweedy, Browne International Value Fund (TBGVX) and Tweedy, Browne Value Fund (TWEBX). 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.

	TBGVX	TWEBX	Difference
Sharpe ratio: Return per unit of total volatility	1.91	2.27	-0.35
Sortino ratio: Return per unit of downside risk	2.70	3.26	-0.56
Omega ratio: Gain probability vs. loss probability	1.36	1.43	-0.07
Calmar ratio: Return relative to maximum drawdown	1.92	2.42	-0.50
Martin ratio: Return relative to average drawdown	6.16	8.36	-2.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TBGVX vs. TWEBX - Sharpe Ratio Comparison

The current TBGVX Sharpe Ratio is 1.91, which is comparable to the TWEBX Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of TBGVX and TWEBX, 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

	TBGVX	TWEBX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	2.27	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.70	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	0.61	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.58	+0.17

Drawdowns

TBGVX vs. TWEBX - Drawdown Comparison

The maximum TBGVX drawdown since its inception was -50.97%, which is greater than TWEBX's maximum drawdown of -45.77%. Use the drawdown chart below to compare losses from any high point for TBGVX and TWEBX.

Drawdown Indicators

	TBGVX	TWEBX	Difference
Max Drawdown Largest peak-to-trough decline	-50.97%	-45.77%	-5.20%
Max Drawdown (1Y) Largest decline over 1 year	-9.56%	-9.17%	-0.39%
Max Drawdown (3Y) Largest decline over 3 years	-11.45%	-12.49%	+1.04%
Max Drawdown (5Y) Largest decline over 5 years	-17.71%	-19.03%	+1.32%
Max Drawdown (10Y) Largest decline over 10 years	-31.18%	-32.88%	+1.70%
Current Drawdown Current decline from peak	-1.46%	-0.36%	-1.10%
Average Drawdown Average peak-to-trough decline	-6.08%	-5.69%	-0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	2.64%	+0.32%

Volatility

TBGVX vs. TWEBX - Volatility Comparison

Tweedy, Browne International Value Fund (TBGVX) and Tweedy, Browne Value Fund (TWEBX) have volatilities of 2.67% and 2.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TBGVX	TWEBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.67%	2.66%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	7.77%	7.88%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	9.60%	9.79%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.11%	12.09%	-0.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.67%	13.85%	-1.18%

TBGVX vs. TWEBX - Expense Ratio Comparison

Both TBGVX and TWEBX have an expense ratio of 1.40%.

Dividends

TBGVX vs. TWEBX - Dividend Comparison

TBGVX's dividend yield for the trailing twelve months is around 11.00%, more than TWEBX's 3.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TBGVX Tweedy, Browne International Value Fund	11.00%	12.11%	9.95%	4.55%	5.68%	8.89%	0.94%	1.88%	6.74%	1.10%	3.16%	4.94%
TWEBX Tweedy, Browne Value Fund	3.45%	3.83%	11.81%	7.47%	6.52%	12.18%	2.02%	5.49%	24.34%	0.78%	4.42%	4.36%

Frequently Asked Questions

Can I hold both TBGVX and TWEBX in my portfolio?

With a correlation of 0.94, TBGVX and TWEBX 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, TBGVX or TWEBX?

TBGVX has higher volatility (2.67%) compared to TWEBX (2.66%). In terms of maximum drawdown, TBGVX dropped -50.97% vs TWEBX's -45.77%.

Which has better risk-adjusted returns?

TWEBX currently has the higher Sharpe Ratio (2.27 vs 1.91), 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.