TFEQX vs. FISAX
TFEQX (Templeton Institutional Fund International Equity Series) and FISAX (Franklin Adjustable U.S. Government Securities Fund) are both mutual funds - TFEQX is a Foreign Large Cap Equities fund managed by Franklin Templeton, while FISAX is a Ultrashort Bond fund managed by Franklin Templeton. Over the past 10 years, TFEQX returned 8.98%/yr vs 1.53%/yr for FISAX. Their 0.02 correlation means their historical movements had little consistent relationship. TFEQX charges 0.83%/yr vs 0.85%/yr for FISAX.
Performance
TFEQX vs. FISAX - Performance Comparison
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Returns By Period
In the year-to-date period, TFEQX achieves a 13.92% return, which is significantly higher than FISAX's 0.98% return. Over the past 10 years, TFEQX has outperformed FISAX with an annualized return of 8.98%, while FISAX has yielded a comparatively lower 1.53% annualized return.
TFEQX
- 1D
- 0.00%
- 1M
- -0.65%
- 6M
- 6.29%
- YTD
- 13.92%
- 1Y
- 26.67%
- 3Y*
- 20.29%
- 5Y*
- 12.36%
- 10Y*
- 8.98%
- ALL TIME*
- 7.61%
FISAX
- 1D
- -0.13%
- 1M
- -0.27%
- 6M
- 0.62%
- YTD
- 0.98%
- 1Y
- 3.03%
- 3Y*
- 4.67%
- 5Y*
- 2.16%
- 10Y*
- 1.53%
- ALL TIME*
- 2.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TFEQX vs. FISAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TFEQX Templeton Institutional Fund International Equity Series | 13.92% | 31.58% | 9.44% | 22.68% | -9.21% | 5.70% | 5.29% | 11.56% | -17.40% | 19.78% |
FISAX Franklin Adjustable U.S. Government Securities Fund | 0.98% | 5.02% | 5.22% | 3.61% | -3.11% | -0.23% | 1.14% | 2.01% | 0.78% | 0.00% |
Correlation
The correlation between TFEQX and FISAX is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1991 | 0.02 |
Over the past year, TFEQX and FISAX have become more correlated (0.24) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
TFEQX vs. FISAX — Risk / Return Rank
TFEQX
FISAX
TFEQX vs. FISAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Templeton Institutional Fund International Equity Series (TFEQX) and Franklin Adjustable U.S. Government Securities Fund (FISAX). 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.
| TFEQX | FISAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.85 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 5.02 | -2.75 |
| Martin ratioReturn relative to average drawdown | 8.07 | 20.52 | -12.44 |
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Drawdowns
TFEQX vs. FISAX - Drawdown Comparison
The maximum TFEQX drawdown since its inception was -57.70%, which is greater than FISAX's maximum drawdown of -4.77%. Use the drawdown chart below to compare losses from any high point for TFEQX and FISAX.
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Drawdown Indicators
| TFEQX | FISAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.70% | -4.77% | -52.93% |
Max Drawdown (1Y)Largest decline over 1 year | -11.56% | -0.66% | -10.90% |
Max Drawdown (3Y)Largest decline over 3 years | -16.94% | -0.92% | -16.02% |
Max Drawdown (5Y)Largest decline over 5 years | -29.20% | -4.67% | -24.53% |
Max Drawdown (10Y)Largest decline over 10 years | -42.65% | -4.77% | -37.88% |
Current DrawdownCurrent decline from peak | -3.01% | -0.27% | -2.74% |
Average DrawdownAverage peak-to-trough decline | -10.47% | -0.54% | -9.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 0.16% | +3.07% |
Volatility
TFEQX vs. FISAX - Volatility Comparison
Templeton Institutional Fund International Equity Series (TFEQX) has a higher volatility of 4.11% compared to Franklin Adjustable U.S. Government Securities Fund (FISAX) at 0.33%. This indicates that TFEQX's price experiences larger fluctuations and is considered to be riskier than FISAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TFEQX | FISAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 0.33% | +3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 14.40% | 1.10% | +13.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.84% | 1.60% | +15.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.84% | 1.66% | +17.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.37% | 1.58% | +15.79% |
TFEQX vs. FISAX - Expense Ratio Comparison
TFEQX has a 0.83% expense ratio, which is lower than FISAX's 0.85% expense ratio.
Dividends
TFEQX vs. FISAX - Dividend Comparison
TFEQX's dividend yield for the trailing twelve months is around 37.61%, more than FISAX's 3.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FISAX Franklin Adjustable U.S. Government Securities Fund | 3.94% | 4.62% | 4.81% | 3.25% | 1.41% | 0.91% | 1.89% | 2.99% | 2.51% | 1.95% | 1.52% | 1.19% |
TFEQX Templeton Institutional Fund International Equity Series | 37.61% | 42.84% | 16.75% | 14.08% | 6.20% | 34.04% | 6.78% | 6.65% | 22.18% | 1.60% | 3.46% | 2.46% |
Frequently Asked Questions
TFEQX and FISAX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TFEQX has higher volatility (4.11%) compared to FISAX (0.33%). In terms of maximum drawdown, TFEQX dropped -57.70% vs FISAX's -4.77%.
FISAX currently has the higher Sharpe Ratio (2.10 vs 1.56), 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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