TEDIX vs. FGIAX

Last updated Aug 4, 2026

TEDIX (Franklin Mutual Global Discovery Fund Class A) and FGIAX (Nuveen Global Infrastructure Fund Class A) are both mutual funds - TEDIX is a Global Equities fund actively managed by Franklin, while FGIAX is a Infrastructure Equities fund tracking the S&P Global Infrastructure Index NR. TEDIX is actively managed, while FGIAX is passively managed. Over the past 10 years, TEDIX returned 8.92%/yr vs 8.24%/yr for FGIAX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. Both charge a 1.21% expense ratio.

Performance

TEDIX vs. FGIAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Mutual Global Discovery Fund Class A (TEDIX) and Nuveen Global Infrastructure Fund Class A (FGIAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEDIX achieves a 7.21% return, which is significantly lower than FGIAX's 11.78% return. Over the past 10 years, TEDIX has outperformed FGIAX with an annualized return of 8.92%, while FGIAX has yielded a comparatively lower 8.24% annualized return.

TEDIX

• 1D: -0.12%
• 1M: 3.63%
• 6M: 3.59%
• YTD: 7.21%
• 1Y: 19.80%
• 3Y*: 13.91%
• 5Y*: 10.59%
• 10Y*: 8.92%
• ALL TIME*: 9.29%

FGIAX

• 1D: 0.00%
• 1M: -1.91%
• 6M: 7.25%
• YTD: 11.78%
• 1Y: 15.52%
• 3Y*: 14.42%
• 5Y*: 9.59%
• 10Y*: 8.24%
• ALL TIME*: 6.95%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FGIAX Nuveen Global Infrastructure Fund Class A	$0.00	$0.00	$0.00
TEDIX Franklin Mutual Global Discovery Fund Class A	$0.00	$0.00	$0.00

TEDIX vs. FGIAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TEDIX Franklin Mutual Global Discovery Fund Class A	7.21%	23.45%	6.16%	20.16%	-4.98%	19.33%	-4.62%	24.41%	-11.07%	7.16%
FGIAX Nuveen Global Infrastructure Fund Class A	11.78%	17.73%	10.70%	8.51%	-6.23%	14.51%	-2.76%	29.32%	-7.91%	19.40%

Correlation

The correlation between TEDIX and FGIAX is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.51
Correlation (3Y) Balances recent behavior with more history.	0.62
Correlation (5Y) Shows whether the relationship held over a longer period.	0.71
Correlation (10Y) Provides a long-term view across more market conditions.	0.67
Correlation (All Time) Calculated using the full available price history since Dec 18, 2007	0.73

Over the past year, the correlation between TEDIX and FGIAX has dropped to 0.51 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

Return for Risk

TEDIX vs. FGIAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TEDIX

TEDIX Risk / Return Rank: 52
TEDIX Sharpe Ratio Rank: 60
TEDIX Sortino Ratio Rank: 61
TEDIX Omega Ratio Rank: 60
TEDIX Calmar Ratio Rank: 44
TEDIX Martin Ratio Rank: 34

FGIAX

FGIAX Risk / Return Rank: 58
FGIAX Sharpe Ratio Rank: 53
FGIAX Sortino Ratio Rank: 51
FGIAX Omega Ratio Rank: 49
FGIAX Calmar Ratio Rank: 78
FGIAX Martin Ratio Rank: 58

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TEDIX vs. FGIAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Mutual Global Discovery Fund Class A (TEDIX) and Nuveen Global Infrastructure Fund Class A (FGIAX). 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.

	TEDIX	FGIAX	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.50	+0.10
Sortino ratio: Return per unit of downside risk	2.31	2.12	+0.18
Omega ratio: Gain probability vs. loss probability	1.30	1.27	+0.03
Calmar ratio: Return relative to maximum drawdown	1.87	2.65	-0.78
Martin ratio: Return relative to average drawdown	5.44	8.18	-2.75

TEDIX vs. FGIAX - Sharpe Ratio Comparison

The current TEDIX Sharpe Ratio is 1.60, which is comparable to the FGIAX Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of TEDIX and FGIAX, 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

TEDIX vs. FGIAX - Drawdown Comparison

The maximum TEDIX drawdown since its inception was -40.21%, smaller than the maximum FGIAX drawdown of -49.35%. Use the drawdown chart below to compare losses from any high point for TEDIX and FGIAX.

Drawdown Indicators

	TEDIX	FGIAX	Difference
Max Drawdown Largest peak-to-trough decline	-40.21%	-49.35%	+9.14%
Max Drawdown (1Y) Largest decline over 1 year	-10.10%	-6.04%	-4.06%
Max Drawdown (3Y) Largest decline over 3 years	-12.95%	-9.68%	-3.27%
Max Drawdown (5Y) Largest decline over 5 years	-21.69%	-21.08%	-0.61%
Max Drawdown (10Y) Largest decline over 10 years	-40.21%	-38.02%	-2.19%
Current Drawdown Current decline from peak	-0.12%	-2.72%	+2.60%
Average Drawdown Average peak-to-trough decline	-5.91%	-7.13%	+1.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	1.95%	+1.52%

Volatility

TEDIX vs. FGIAX - Volatility Comparison

Franklin Mutual Global Discovery Fund Class A (TEDIX) and Nuveen Global Infrastructure Fund Class A (FGIAX) have volatilities of 3.28% and 3.16%, 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

	TEDIX	FGIAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	3.16%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	9.40%	9.06%	+0.34%
Volatility (1Y) Calculated over the trailing 1-year period	11.90%	10.69%	+1.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.67%	13.24%	+2.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.02%	15.16%	+1.86%

TEDIX vs. FGIAX - Expense Ratio Comparison

Both TEDIX and FGIAX have an expense ratio of 1.21%.

Dividends

TEDIX vs. FGIAX - Dividend Comparison

TEDIX's dividend yield for the trailing twelve months is around 9.99%, less than FGIAX's 14.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGIAX Nuveen Global Infrastructure Fund Class A	14.27%	9.99%	7.46%	2.27%	6.11%	7.20%	1.38%	7.06%	6.32%	5.83%	8.23%	3.05%
TEDIX Franklin Mutual Global Discovery Fund Class A	9.99%	10.71%	12.98%	7.09%	10.31%	8.70%	3.33%	7.11%	7.35%	3.03%	4.20%	7.90%

Frequently Asked Questions

Can I hold both TEDIX and FGIAX in my portfolio?

TEDIX and FGIAX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TEDIX or FGIAX?

TEDIX has higher volatility (3.28%) compared to FGIAX (3.16%). In terms of maximum drawdown, TEDIX dropped -40.21% vs FGIAX's -49.35%.

Which has better risk-adjusted returns?

TEDIX currently has the higher Sharpe Ratio (1.60 vs 1.50), 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.