TEDIX vs. FGIAX
TEDIX (Franklin Mutual Global Discovery Fund Class A) and FGIAX (Nuveen Global Infrastructure Fund Class A) are both Global Equities funds. TEDIX is actively managed, while FGIAX is passively managed. Over the past 10 years, TEDIX returned 8.65%/yr vs 8.78%/yr for FGIAX. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 1.21% expense ratio.
Performance
TEDIX vs. FGIAX - Performance Comparison
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Returns By Period
In the year-to-date period, TEDIX achieves a 0.29% return, which is significantly lower than FGIAX's 11.69% return. Both investments have delivered pretty close results over the past 10 years, with TEDIX having a 8.65% annualized return and FGIAX not far ahead at 8.78%.
TEDIX
- 1D
- -0.10%
- 1M
- -1.12%
- YTD
- 0.29%
- 6M
- 0.16%
- 1Y
- 11.23%
- 3Y*
- 13.25%
- 5Y*
- 9.21%
- 10Y*
- 8.65%
FGIAX
- 1D
- 0.47%
- 1M
- -0.62%
- YTD
- 11.69%
- 6M
- 11.63%
- 1Y
- 17.34%
- 3Y*
- 15.17%
- 5Y*
- 9.78%
- 10Y*
- 8.78%
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 | 0.29% | 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 | 11.69% | 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 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2007 | 0.74 |
The correlation between TEDIX and FGIAX shifts across timeframes, from 0.54 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TEDIX vs. FGIAX — Risk / Return Rank
TEDIX
FGIAX
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 ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.31 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 3.04 | -1.86 |
| Martin ratioReturn relative to average drawdown | 3.46 | 9.58 | -6.12 |
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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.
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Drawdown Indicators
| TEDIX | FGIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest 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% | -12.45% | -0.50% |
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 DrawdownCurrent decline from peak | -5.34% | -2.45% | -2.89% |
Average DrawdownAverage peak-to-trough decline | -5.92% | -7.16% | +1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 1.91% | +1.53% |
Volatility
TEDIX vs. FGIAX - Volatility Comparison
The current volatility for Franklin Mutual Global Discovery Fund Class A (TEDIX) is 3.07%, while Nuveen Global Infrastructure Fund Class A (FGIAX) has a volatility of 3.37%. This indicates that TEDIX experiences smaller price fluctuations and is considered to be less risky than FGIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TEDIX | FGIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 3.37% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 9.29% | 8.65% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.05% | 10.48% | +1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.71% | 13.22% | +2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 15.22% | +1.90% |
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 10.68%, less than FGIAX's 14.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGIAX Nuveen Global Infrastructure Fund Class A | 14.28% | 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 | 10.68% | 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
TEDIX and FGIAX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FGIAX has higher volatility (3.37%) compared to TEDIX (3.07%). In terms of maximum drawdown, TEDIX dropped -40.21% vs FGIAX's -49.35%.
FGIAX currently has the higher Sharpe Ratio (1.75 vs 0.99), 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.
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