TEMFX vs. ^GSPC
TEMFX (Templeton Foreign Fund Class A) is Foreign Large Cap Equities fund managed by Franklin Templeton, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, TEMFX returned 7.53%/yr vs 13.61%/yr for ^GSPC. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
TEMFX vs. ^GSPC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TEMFX achieves a 9.82% return, which is significantly higher than ^GSPC's 8.56% return. Over the past 10 years, TEMFX has underperformed ^GSPC with an annualized return of 7.53%, while ^GSPC has yielded a comparatively higher 13.61% annualized return.
TEMFX
- 1D
- 3.17%
- 1M
- 1.46%
- YTD
- 9.82%
- 6M
- 12.41%
- 1Y
- 22.35%
- 3Y*
- 13.80%
- 5Y*
- 7.76%
- 10Y*
- 7.53%
^GSPC
- 1D
- 0.50%
- 1M
- -0.93%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 24.33%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
TEMFX vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TEMFX Templeton Foreign Fund Class A | 9.82% | 28.45% | -2.47% | 19.93% | -3.58% | 5.05% | -0.49% | 12.46% | -15.02% | 17.08% |
^GSPC S&P 500 Index | 8.56% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between TEMFX and ^GSPC is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1990 | 0.54 |
The correlation between TEMFX and ^GSPC shifts across timeframes, from 0.54 (all time) to 0.71 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TEMFX vs. ^GSPC — Risk / Return Rank
TEMFX
^GSPC
TEMFX vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Templeton Foreign Fund Class A (TEMFX) and S&P 500 Index (^GSPC). 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.
| TEMFX | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.34 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.53 | -0.78 |
| Martin ratioReturn relative to average drawdown | 6.06 | 11.37 | -5.31 |
Loading charts...
Drawdowns
TEMFX vs. ^GSPC - Drawdown Comparison
The maximum TEMFX drawdown since its inception was -59.62%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for TEMFX and ^GSPC.
Loading charts...
Drawdown Indicators
| TEMFX | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.62% | -56.78% | -2.84% |
Max Drawdown (1Y)Largest decline over 1 year | -12.13% | -9.10% | -3.03% |
Max Drawdown (3Y)Largest decline over 3 years | -17.90% | -18.90% | +1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -28.47% | -25.43% | -3.04% |
Max Drawdown (10Y)Largest decline over 10 years | -42.56% | -33.92% | -8.64% |
Current DrawdownCurrent decline from peak | -1.89% | -2.34% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -9.38% | -10.72% | +1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 2.02% | +1.47% |
Volatility
TEMFX vs. ^GSPC - Volatility Comparison
Templeton Foreign Fund Class A (TEMFX) has a higher volatility of 6.36% compared to S&P 500 Index (^GSPC) at 4.43%. This indicates that TEMFX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TEMFX | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 4.43% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 13.16% | 9.70% | +3.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.94% | 12.38% | +3.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.19% | 16.97% | +1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.24% | 18.09% | -0.85% |
Frequently Asked Questions
TEMFX and ^GSPC have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TEMFX has higher volatility (6.36%) compared to ^GSPC (4.43%). In terms of maximum drawdown, TEMFX dropped -59.62% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.86 vs 1.33), 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.
Find the right allocation for TEMFX and ^GSPC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer