TPINX vs. GOBSX
TPINX (Templeton Global Bond Fund) and GOBSX (BrandywineGLOBAL - Global Opportunities Bond Fund) are both Global Bonds funds. Over the past 10 years, TPINX returned 0.29%/yr vs 0.99%/yr for GOBSX. Their 0.50 correlation means their historical movements had little consistent relationship. TPINX charges 0.94%/yr vs 0.56%/yr for GOBSX.
Performance
TPINX vs. GOBSX - Performance Comparison
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Returns By Period
In the year-to-date period, TPINX achieves a 3.06% return, which is significantly higher than GOBSX's 2.56% return. Over the past 10 years, TPINX has underperformed GOBSX with an annualized return of 0.29%, while GOBSX has yielded a comparatively higher 0.99% annualized return.
TPINX
- 1D
- 0.00%
- 1M
- 1.33%
- 6M
- 0.36%
- YTD
- 3.06%
- 1Y
- 6.42%
- 3Y*
- 2.30%
- 5Y*
- -0.27%
- 10Y*
- 0.29%
- ALL TIME*
- 4.87%
GOBSX
- 1D
- 0.11%
- 1M
- 1.02%
- 6M
- 0.64%
- YTD
- 2.56%
- 1Y
- 4.15%
- 3Y*
- 3.08%
- 5Y*
- -1.47%
- 10Y*
- 0.99%
- ALL TIME*
- 3.50%
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 |
TPINX vs. GOBSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TPINX Templeton Global Bond Fund | 3.06% | 15.02% | -11.95% | 2.45% | -6.17% | -5.06% | -4.41% | 0.63% | 1.26% | 2.36% |
GOBSX BrandywineGLOBAL - Global Opportunities Bond Fund | 2.56% | 13.59% | -9.38% | 7.42% | -15.66% | -5.27% | 12.66% | 9.21% | -5.59% | 11.51% |
Correlation
The correlation between TPINX and GOBSX is 0.85, 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. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.87 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007 | 0.50 |
Over the past year, TPINX and GOBSX have become more correlated (0.85) than their long-term average of 0.50, meaning their price movements have been converging.
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Return for Risk
TPINX vs. GOBSX — Risk / Return Rank
TPINX
GOBSX
TPINX vs. GOBSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Templeton Global Bond Fund (TPINX) and BrandywineGLOBAL - Global Opportunities Bond Fund (GOBSX). 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 | GOBSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.15 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.09 | +0.09 |
| Martin ratioReturn relative to average drawdown | 3.37 | 2.91 | +0.46 |
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Drawdowns
TPINX vs. GOBSX - Drawdown Comparison
The maximum TPINX drawdown since its inception was -26.45%, smaller than the maximum GOBSX drawdown of -29.04%. Use the drawdown chart below to compare losses from any high point for TPINX and GOBSX.
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Drawdown Indicators
| TPINX | GOBSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.45% | -29.04% | +2.59% |
Max Drawdown (1Y)Largest decline over 1 year | -6.36% | -5.10% | -1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -13.03% | -11.88% | -1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -17.85% | -27.47% | +9.62% |
Max Drawdown (10Y)Largest decline over 10 years | -26.45% | -29.04% | +2.59% |
Current DrawdownCurrent decline from peak | -12.26% | -9.75% | -2.51% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -6.74% | +1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 1.91% | +0.32% |
Volatility
TPINX vs. GOBSX - Volatility Comparison
Templeton Global Bond Fund (TPINX) has a higher volatility of 1.93% compared to BrandywineGLOBAL - Global Opportunities Bond Fund (GOBSX) at 1.42%. This indicates that TPINX's price experiences larger fluctuations and is considered to be riskier than GOBSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TPINX | GOBSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.93% | 1.42% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 6.10% | 5.57% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.29% | 6.86% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.17% | 9.29% | -1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.15% | 8.45% | -1.30% |
TPINX vs. GOBSX - Expense Ratio Comparison
TPINX has a 0.94% expense ratio, which is higher than GOBSX's 0.56% expense ratio.
Dividends
TPINX vs. GOBSX - Dividend Comparison
TPINX's dividend yield for the trailing twelve months is around 4.97%, less than GOBSX's 5.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOBSX BrandywineGLOBAL - Global Opportunities Bond Fund | 5.17% | 4.28% | 3.80% | 0.09% | 6.70% | 2.30% | 0.31% | 1.56% | 3.15% | 3.68% | 1.87% | 2.61% |
TPINX Templeton Global Bond Fund | 4.97% | 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 GOBSX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TPINX has higher volatility (1.93%) compared to GOBSX (1.42%). In terms of maximum drawdown, TPINX dropped -26.45% vs GOBSX's -29.04%.
TPINX currently has the higher Sharpe Ratio (1.03 vs 0.81), 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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