TEMGX vs. VTWAX

Last updated Aug 1, 2026

TEMGX (Templeton Global Smaller Companies Fund) and VTWAX (Vanguard Total World Stock Index Fund Admiral Shares) are both Global Equities funds. Over the past 5 years, TEMGX returned 0.87%/yr vs 10.50%/yr for VTWAX. Their correlation of 0.89 means they have usually moved in the same direction. TEMGX charges 1.31%/yr vs 0.09%/yr for VTWAX.

Performance

TEMGX vs. VTWAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Templeton Global Smaller Companies Fund (TEMGX) and Vanguard Total World Stock Index Fund Admiral Shares (VTWAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEMGX achieves a 10.11% return, which is significantly lower than VTWAX's 10.81% return.

TEMGX

• 1D: 1.55%
• 1M: -2.43%
• 6M: 4.18%
• YTD: 10.11%
• 1Y: 14.87%
• 3Y*: 7.36%
• 5Y*: 0.87%
• 10Y*: 6.20%
• ALL TIME*: 6.86%

VTWAX

• 1D: 2.04%
• 1M: -0.42%
• 6M: 7.48%
• YTD: 10.81%
• 1Y: 23.20%
• 3Y*: 17.83%
• 5Y*: 10.50%
• 10Y*: —
• ALL TIME*: 13.38%

*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)
TEMGX Templeton Global Smaller Companies Fund	$0.00	$0.00	$0.00
VTWAX Vanguard Total World Stock Index Fund Admiral Shares	$0.00	$0.00	$0.00

TEMGX vs. VTWAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TEMGX Templeton Global Smaller Companies Fund	10.11%	5.43%	3.42%	16.62%	-24.00%	15.06%	13.23%	13.60%
VTWAX Vanguard Total World Stock Index Fund Admiral Shares	10.81%	22.43%	16.43%	21.85%	-18.02%	18.17%	16.67%	17.53%

Correlation

The correlation between TEMGX and VTWAX is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (All Time) Calculated using the full available price history since Feb 7, 2019	0.89

The correlation between TEMGX and VTWAX has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.

Return for Risk

TEMGX vs. VTWAX — Risk / Return Rank

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

TEMGX

TEMGX Risk / Return Rank: 22
TEMGX Sharpe Ratio Rank: 23
TEMGX Sortino Ratio Rank: 23
TEMGX Omega Ratio Rank: 23
TEMGX Calmar Ratio Rank: 20
TEMGX Martin Ratio Rank: 22

VTWAX

VTWAX Risk / Return Rank: 70
VTWAX Sharpe Ratio Rank: 69
VTWAX Sortino Ratio Rank: 65
VTWAX Omega Ratio Rank: 66
VTWAX Calmar Ratio Rank: 70
VTWAX Martin Ratio Rank: 79

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.

TEMGX vs. VTWAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Templeton Global Smaller Companies Fund (TEMGX) and Vanguard Total World Stock Index Fund Admiral Shares (VTWAX). 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.

	TEMGX	VTWAX	Difference
Sharpe ratio: Return per unit of total volatility	0.87	1.55	-0.68
Sortino ratio: Return per unit of downside risk	1.33	2.18	-0.85
Omega ratio: Gain probability vs. loss probability	1.16	1.28	-0.12
Calmar ratio: Return relative to maximum drawdown	1.03	2.20	-1.16
Martin ratio: Return relative to average drawdown	3.38	9.18	-5.80

TEMGX vs. VTWAX - Sharpe Ratio Comparison

The current TEMGX Sharpe Ratio is 0.87, which is lower than the VTWAX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of TEMGX and VTWAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TEMGX vs. VTWAX - Drawdown Comparison

The maximum TEMGX drawdown since its inception was -68.70%, which is greater than VTWAX's maximum drawdown of -34.20%. Use the drawdown chart below to compare losses from any high point for TEMGX and VTWAX.

Drawdown Indicators

	TEMGX	VTWAX	Difference
Max Drawdown Largest peak-to-trough decline	-68.70%	-34.20%	-34.50%
Max Drawdown (1Y) Largest decline over 1 year	-12.71%	-9.64%	-3.07%
Max Drawdown (3Y) Largest decline over 3 years	-22.84%	-16.43%	-6.41%
Max Drawdown (5Y) Largest decline over 5 years	-36.20%	-26.40%	-9.80%
Max Drawdown (10Y) Largest decline over 10 years	-41.61%	—	—
Current Drawdown Current decline from peak	-2.88%	-2.07%	-0.81%
Average Drawdown Average peak-to-trough decline	-11.90%	-5.23%	-6.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.88%	2.30%	+1.58%

Volatility

TEMGX vs. VTWAX - Volatility Comparison

Templeton Global Smaller Companies Fund (TEMGX) and Vanguard Total World Stock Index Fund Admiral Shares (VTWAX) have volatilities of 3.98% and 4.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEMGX	VTWAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	4.00%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	12.05%	11.36%	+0.69%
Volatility (1Y) Calculated over the trailing 1-year period	15.14%	13.65%	+1.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.39%	15.89%	+1.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.21%	18.17%	-0.96%

TEMGX vs. VTWAX - Expense Ratio Comparison

TEMGX has a 1.31% expense ratio, which is higher than VTWAX's 0.09% expense ratio.

Dividends

TEMGX vs. VTWAX - Dividend Comparison

TEMGX's dividend yield for the trailing twelve months is around 4.26%, more than VTWAX's 1.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TEMGX Templeton Global Smaller Companies Fund	4.26%	4.69%	2.98%	1.09%	3.14%	10.66%	2.58%	2.16%	9.12%	3.65%	0.33%	0.21%
VTWAX Vanguard Total World Stock Index Fund Admiral Shares	1.57%	1.80%	1.92%	2.06%	2.17%	1.79%	1.64%	2.28%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TEMGX and VTWAX in my portfolio?

TEMGX and VTWAX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TEMGX or VTWAX?

VTWAX has higher volatility (4.00%) compared to TEMGX (3.98%). In terms of maximum drawdown, TEMGX dropped -68.70% vs VTWAX's -34.20%.

Which has better risk-adjusted returns?

VTWAX currently has the higher Sharpe Ratio (1.55 vs 0.87), 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.