TEMD vs. USFI

Last updated Jul 30, 2026

TEMD (Templeton Emerging Markets Debt ETF) and USFI (BrandywineGLOBAL - U.S. Fixed Income ETF) are both Actively Managed funds. Both are actively managed. Their 0.65 correlation means they have sometimes moved together and sometimes differently. TEMD charges 0.45%/yr vs 0.39%/yr for USFI.

Performance

TEMD vs. USFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Templeton Emerging Markets Debt ETF (TEMD) and BrandywineGLOBAL - U.S. Fixed Income ETF (USFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TEMD

• 1D: -0.46%
• 1M: -1.80%
• 6M: 0.58%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

USFI

• 1D: -0.33%
• 1M: -1.09%
• 6M: 0.39%
• YTD: 0.45%
• 1Y: 3.87%
• 3Y*: 3.61%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.79%

*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)
TEMD Templeton Emerging Markets Debt ETF	$2.05K	$7.21K	$12.55K
USFI BrandywineGLOBAL - U.S. Fixed Income ETF	$228.87	$276.61	$7.08K

TEMD vs. USFI - Yearly Performance Comparison

	2026 (YTD)
TEMD Templeton Emerging Markets Debt ETF	0.84%
USFI BrandywineGLOBAL - U.S. Fixed Income ETF	0.49%

Correlation

The correlation between TEMD and USFI is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026	0.65

Return for Risk

TEMD vs. USFI — Risk / Return Rank

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

TEMD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

USFI

USFI Risk / Return Rank: 65
USFI Sharpe Ratio Rank: 53
USFI Sortino Ratio Rank: 60
USFI Omega Ratio Rank: 53
USFI Calmar Ratio Rank: 88
USFI Martin Ratio Rank: 72

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.

TEMD vs. USFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Templeton Emerging Markets Debt ETF (TEMD) and BrandywineGLOBAL - U.S. Fixed Income ETF (USFI). 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.

	TEMD	USFI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.21	—
Sortino ratio: Return per unit of downside risk	—	1.95	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	3.52	—
Martin ratio: Return relative to average drawdown	—	8.32	—

Drawdowns

TEMD vs. USFI - Drawdown Comparison

The maximum TEMD drawdown since its inception was -4.34%, smaller than the maximum USFI drawdown of -8.47%. Use the drawdown chart below to compare losses from any high point for TEMD and USFI.

Drawdown Indicators

	TEMD	USFI	Difference
Max Drawdown Largest peak-to-trough decline	-4.34%	-8.47%	+4.13%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.11%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-8.47%	—
Current Drawdown Current decline from peak	-1.93%	-1.11%	-0.82%
Average Drawdown Average peak-to-trough decline	-1.21%	-2.06%	+0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.47%	—

Volatility

Volatility by Period

	TEMD	USFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.80%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.77%	3.22%	+2.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.77%	6.85%	-1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.77%	6.85%	-1.08%

TEMD vs. USFI - Expense Ratio Comparison

TEMD has a 0.45% expense ratio, which is higher than USFI's 0.39% expense ratio.

Dividends

TEMD vs. USFI - Dividend Comparison

TEMD's dividend yield for the trailing twelve months is around 3.10%, less than USFI's 4.46% yield.

Position	TTM	2025	2024	2023
TEMD Templeton Emerging Markets Debt ETF	3.10%	0.00%	0.00%	0.00%
USFI BrandywineGLOBAL - U.S. Fixed Income ETF	4.46%	4.42%	4.60%	1.83%

Frequently Asked Questions

Can I hold both TEMD and USFI in my portfolio?

TEMD and USFI have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TEMD or USFI?

On fees, USFI is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TEMD or USFI?

USFI is cheaper with a 0.39% expense ratio, compared with 0.45% for TEMD.

Which ETF pays a higher dividend yield, TEMD or USFI?

USFI has the higher dividend yield at 4.46%, compared with 3.10% for TEMD.

What is the main difference between TEMD and USFI?

They also come from different issuers: Franklin Templeton Investments and BrandywineGLOBAL. Their fees differ too: 0.45% for TEMD and 0.39% for USFI.