TEDIX vs. SSGLX
Compare and contrast key facts about Franklin Mutual Global Discovery Fund Class A (TEDIX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX).
TEDIX is an actively managed fund by Franklin. It was launched on Dec 31, 1992. SSGLX is a passively managed fund by State Street that tracks the performance of the MSCI ACWI ex USA Investable Market Index. It was launched on Sep 17, 2014.
Performance
TEDIX vs. SSGLX - Performance Comparison
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TEDIX vs. SSGLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TEDIX Franklin Mutual Global Discovery Fund Class A | -4.33% | 23.45% | 6.16% | 20.16% | -4.98% | 19.33% | -4.62% | 24.41% | -11.07% | 7.16% |
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | -0.64% | 32.64% | 4.98% | 15.67% | -16.44% | 8.36% | 11.11% | 21.52% | -14.05% | 27.12% |
Returns By Period
In the year-to-date period, TEDIX achieves a -4.33% return, which is significantly lower than SSGLX's -0.64% return. Over the past 10 years, TEDIX has underperformed SSGLX with an annualized return of 8.05%, while SSGLX has yielded a comparatively higher 8.58% annualized return.
TEDIX
- 1D
- 0.31%
- 1M
- -9.71%
- YTD
- -4.33%
- 6M
- -0.35%
- 1Y
- 8.81%
- 3Y*
- 12.64%
- 5Y*
- 9.19%
- 10Y*
- 8.05%
SSGLX
- 1D
- 0.39%
- 1M
- -10.87%
- YTD
- -0.64%
- 6M
- 4.10%
- 1Y
- 24.88%
- 3Y*
- 14.40%
- 5Y*
- 6.92%
- 10Y*
- 8.58%
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TEDIX vs. SSGLX - Expense Ratio Comparison
TEDIX has a 1.21% expense ratio, which is higher than SSGLX's 0.07% expense ratio.
Return for Risk
TEDIX vs. SSGLX — Risk / Return Rank
TEDIX
SSGLX
TEDIX vs. SSGLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Mutual Global Discovery Fund Class A (TEDIX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX). 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.
| TEDIX | SSGLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.58 | 1.56 | -0.98 |
Sortino ratioReturn per unit of downside risk | 0.87 | 2.12 | -1.24 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.32 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 0.62 | 2.00 | -1.37 |
Martin ratioReturn relative to average drawdown | 2.38 | 7.90 | -5.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TEDIX | SSGLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 1.56 | -0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.48 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.53 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.37 | +0.36 |
Correlation
The correlation between TEDIX and SSGLX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TEDIX vs. SSGLX - Dividend Comparison
TEDIX's dividend yield for the trailing twelve months is around 11.20%, more than SSGLX's 4.44% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TEDIX Franklin Mutual Global Discovery Fund Class A | 11.20% | 10.71% | 12.98% | 7.09% | 10.31% | 8.70% | 3.33% | 7.11% | 7.35% | 3.03% | 4.20% | 7.90% |
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | 4.44% | 4.41% | 4.46% | 2.98% | 2.85% | 4.20% | 1.72% | 4.80% | 8.32% | 3.98% | 1.52% | 2.09% |
Drawdowns
TEDIX vs. SSGLX - Drawdown Comparison
The maximum TEDIX drawdown since its inception was -40.21%, which is greater than SSGLX's maximum drawdown of -35.88%. Use the drawdown chart below to compare losses from any high point for TEDIX and SSGLX.
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Drawdown Indicators
| TEDIX | SSGLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.21% | -35.88% | -4.33% |
Max Drawdown (1Y)Largest decline over 1 year | -11.97% | -11.22% | -0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -21.69% | -30.08% | +8.39% |
Max Drawdown (10Y)Largest decline over 10 years | -40.21% | -35.88% | -4.33% |
Current DrawdownCurrent decline from peak | -9.71% | -10.87% | +1.16% |
Average DrawdownAverage peak-to-trough decline | -5.93% | -8.32% | +2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.84% | +0.29% |
Volatility
TEDIX vs. SSGLX - Volatility Comparison
The current volatility for Franklin Mutual Global Discovery Fund Class A (TEDIX) is 5.22%, while State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) has a volatility of 6.44%. This indicates that TEDIX experiences smaller price fluctuations and is considered to be less risky than SSGLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TEDIX | SSGLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.22% | 6.44% | -1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 8.76% | 10.02% | -1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.93% | 15.49% | -0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.63% | 14.49% | +1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.08% | 16.15% | +0.93% |