TEMFX vs. ACWX
TEMFX (Templeton Foreign Fund Class A) and ACWX (iShares MSCI ACWI ex U.S. ETF) are both Foreign Large Cap Equities funds. Over the past 10 years, TEMFX returned 7.41%/yr vs 10.42%/yr for ACWX. Their correlation of 0.86 suggests significant overlap in exposure. TEMFX charges 1.10%/yr vs 0.32%/yr for ACWX.
Performance
TEMFX vs. ACWX - Performance Comparison
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Returns By Period
In the year-to-date period, TEMFX achieves a 11.09% return, which is significantly lower than ACWX's 16.57% return. Over the past 10 years, TEMFX has underperformed ACWX with an annualized return of 7.41%, while ACWX has yielded a comparatively higher 10.42% annualized return.
TEMFX
- 1D
- 1.45%
- 1M
- 2.33%
- YTD
- 11.09%
- 6M
- 12.15%
- 1Y
- 25.47%
- 3Y*
- 13.50%
- 5Y*
- 8.96%
- 10Y*
- 7.41%
ACWX
- 1D
- 0.36%
- 1M
- 4.21%
- YTD
- 16.57%
- 6M
- 17.25%
- 1Y
- 35.16%
- 3Y*
- 20.31%
- 5Y*
- 9.20%
- 10Y*
- 10.42%
TEMFX vs. ACWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TEMFX Templeton Foreign Fund Class A | 11.09% | 28.45% | -2.47% | 19.93% | -3.58% | 5.05% | -0.49% | 12.46% | -15.02% | 17.08% |
ACWX iShares MSCI ACWI ex U.S. ETF | 16.57% | 32.59% | 5.17% | 15.63% | -16.07% | 7.67% | 10.29% | 21.05% | -13.99% | 27.20% |
Correlation
The correlation between TEMFX and ACWX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2008 | 0.86 |
The correlation between TEMFX and ACWX has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
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Return for Risk
TEMFX vs. ACWX — Risk / Return Rank
TEMFX
ACWX
TEMFX vs. ACWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Templeton Foreign Fund Class A (TEMFX) and iShares MSCI ACWI ex U.S. ETF (ACWX). 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 | ACWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.39 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 3.09 | -1.03 |
| Martin ratioReturn relative to average drawdown | 7.17 | 11.86 | -4.69 |
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Drawdowns
TEMFX vs. ACWX - Drawdown Comparison
The maximum TEMFX drawdown since its inception was -59.62%, roughly equal to the maximum ACWX drawdown of -60.40%. Use the drawdown chart below to compare losses from any high point for TEMFX and ACWX.
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Drawdown Indicators
| TEMFX | ACWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.62% | -60.40% | +0.78% |
Max Drawdown (1Y)Largest decline over 1 year | -12.13% | -11.42% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -17.90% | -13.84% | -4.06% |
Max Drawdown (5Y)Largest decline over 5 years | -27.40% | -29.78% | +2.38% |
Max Drawdown (10Y)Largest decline over 10 years | -42.56% | -35.38% | -7.18% |
Current DrawdownCurrent decline from peak | -0.75% | 0.00% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -9.37% | -13.30% | +3.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 2.97% | +0.51% |
Volatility
TEMFX vs. ACWX - Volatility Comparison
The current volatility for Templeton Foreign Fund Class A (TEMFX) is 6.02%, while iShares MSCI ACWI ex U.S. ETF (ACWX) has a volatility of 6.55%. This indicates that TEMFX experiences smaller price fluctuations and is considered to be less risky than ACWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TEMFX | ACWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 6.55% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 13.26% | 14.41% | -1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.95% | 16.45% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.18% | 16.47% | +1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.22% | 17.41% | -0.19% |
TEMFX vs. ACWX - Expense Ratio Comparison
TEMFX has a 1.10% expense ratio, which is higher than ACWX's 0.32% expense ratio.
Dividends
TEMFX vs. ACWX - Dividend Comparison
TEMFX's dividend yield for the trailing twelve months is around 3.34%, more than ACWX's 2.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWX iShares MSCI ACWI ex U.S. ETF | 2.46% | 2.82% | 2.97% | 2.96% | 2.68% | 2.74% | 1.88% | 3.22% | 2.60% | 2.40% | 2.77% | 2.51% |
TEMFX Templeton Foreign Fund Class A | 3.34% | 3.71% | 2.35% | 2.43% | 1.19% | 4.10% | 1.32% | 3.31% | 2.65% | 1.39% | 1.88% | 0.05% |
Frequently Asked Questions
TEMFX and ACWX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ACWX has higher volatility (6.55%) compared to TEMFX (6.02%). In terms of maximum drawdown, TEMFX dropped -59.62% vs ACWX's -60.40%.
ACWX currently has the higher Sharpe Ratio (2.15 vs 1.57), 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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