TPINX vs. GBONX
TPINX (Templeton Global Bond Fund) and GBONX (JPMorgan Global Bond Opportunities Fund Class R6) are both Global Bonds funds. Over the past 10 years, TPINX returned 0.22%/yr vs 4.16%/yr for GBONX. At a 0.48 correlation, their price movements are largely independent. TPINX charges 0.94%/yr vs 0.51%/yr for GBONX.
Performance
TPINX vs. GBONX - Performance Comparison
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Returns By Period
In the year-to-date period, TPINX achieves a 1.00% return, which is significantly lower than GBONX's 1.19% return. Over the past 10 years, TPINX has underperformed GBONX with an annualized return of 0.22%, while GBONX has yielded a comparatively higher 4.16% annualized return.
TPINX
- 1D
- -0.28%
- 1M
- -0.11%
- YTD
- 1.00%
- 6M
- 0.65%
- 1Y
- 4.41%
- 3Y*
- 1.91%
- 5Y*
- -0.87%
- 10Y*
- 0.22%
GBONX
- 1D
- 0.00%
- 1M
- 1.04%
- YTD
- 1.19%
- 6M
- 1.47%
- 1Y
- 5.27%
- 3Y*
- 6.01%
- 5Y*
- 2.79%
- 10Y*
- 4.16%
TPINX vs. GBONX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TPINX Templeton Global Bond Fund | 1.00% | 15.02% | -11.95% | 2.45% | -6.17% | -5.06% | -4.41% | 0.63% | 1.26% | 2.36% |
GBONX JPMorgan Global Bond Opportunities Fund Class R6 | 1.19% | 8.15% | 3.68% | 7.01% | -5.89% | 1.52% | 7.93% | 10.73% | -1.74% | 6.98% |
Correlation
The correlation between TPINX and GBONX is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2013 | 0.48 |
Over the past year, TPINX and GBONX have become more correlated (0.75) than their long-term average of 0.48, meaning their price movements have been converging.
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Return for Risk
TPINX vs. GBONX — Risk / Return Rank
TPINX
GBONX
TPINX vs. GBONX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Templeton Global Bond Fund (TPINX) and JPMorgan Global Bond Opportunities Fund Class R6 (GBONX). 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.
| TPINX | GBONX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.32 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 1.43 | -0.57 |
| Martin ratioReturn relative to average drawdown | 2.62 | 5.02 | -2.40 |
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Drawdowns
TPINX vs. GBONX - Drawdown Comparison
The maximum TPINX drawdown since its inception was -26.45%, which is greater than GBONX's maximum drawdown of -11.56%. Use the drawdown chart below to compare losses from any high point for TPINX and GBONX.
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Drawdown Indicators
| TPINX | GBONX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.45% | -11.56% | -14.89% |
Max Drawdown (1Y)Largest decline over 1 year | -6.36% | -4.00% | -2.36% |
Max Drawdown (3Y)Largest decline over 3 years | -13.03% | -4.00% | -9.03% |
Max Drawdown (5Y)Largest decline over 5 years | -18.19% | -10.70% | -7.49% |
Max Drawdown (10Y)Largest decline over 10 years | -26.45% | -11.56% | -14.89% |
Current DrawdownCurrent decline from peak | -14.02% | -0.60% | -13.42% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -1.48% | -3.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 1.14% | +0.94% |
Volatility
TPINX vs. GBONX - Volatility Comparison
Templeton Global Bond Fund (TPINX) has a higher volatility of 2.00% compared to JPMorgan Global Bond Opportunities Fund Class R6 (GBONX) at 1.20%. This indicates that TPINX's price experiences larger fluctuations and is considered to be riskier than GBONX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TPINX | GBONX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.00% | 1.20% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 6.09% | 3.27% | +2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.36% | 3.71% | +3.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.15% | 3.70% | +4.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.22% | 3.47% | +3.75% |
TPINX vs. GBONX - Expense Ratio Comparison
TPINX has a 0.94% expense ratio, which is higher than GBONX's 0.51% expense ratio.
Dividends
TPINX vs. GBONX - Dividend Comparison
TPINX's dividend yield for the trailing twelve months is around 5.08%, more than GBONX's 4.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBONX JPMorgan Global Bond Opportunities Fund Class R6 | 4.85% | 4.93% | 4.56% | 4.06% | 3.83% | 2.76% | 3.43% | 4.21% | 5.89% | 3.46% | 4.93% | 5.25% |
TPINX Templeton Global Bond Fund | 5.08% | 4.29% | 5.77% | 3.87% | 5.17% | 5.38% | 4.59% | 6.12% | 6.53% | 3.34% | 2.33% | 3.11% |
Frequently Asked Questions
TPINX and GBONX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TPINX has higher volatility (2.00%) compared to GBONX (1.20%). In terms of maximum drawdown, TPINX dropped -26.45% vs GBONX's -11.56%.
GBONX currently has the higher Sharpe Ratio (1.54 vs 0.74), 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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