TPINX vs. TEDMX

Last updated Jun 23, 2026

TPINX (Templeton Global Bond Fund) and TEDMX (Templeton Developing Markets Trust) are both mutual funds - TPINX is a Global Bonds fund managed by Franklin Templeton, while TEDMX is a Emerging Markets Diversified fund managed by Franklin Templeton. Over the past 10 years, TPINX returned 0.20%/yr vs 13.37%/yr for TEDMX. At a 0.37 correlation, their price movements are largely independent. TPINX charges 0.94%/yr vs 1.38%/yr for TEDMX.

Performance

TPINX vs. TEDMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Templeton Global Bond Fund (TPINX) and Templeton Developing Markets Trust (TEDMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TPINX achieves a 1.28% return, which is significantly lower than TEDMX's 41.91% return. Over the past 10 years, TPINX has underperformed TEDMX with an annualized return of 0.20%, while TEDMX has yielded a comparatively higher 13.37% annualized return.

TPINX

• 1D: -0.42%
• 1M: 0.17%
• YTD: 1.28%
• 6M: 1.92%
• 1Y: 5.74%
• 3Y*: 1.61%
• 5Y*: -0.77%
• 10Y*: 0.20%

TEDMX

• 1D: 3.36%
• 1M: 8.38%
• YTD: 41.91%
• 6M: 45.15%
• 1Y: 76.08%
• 3Y*: 30.62%
• 5Y*: 11.46%
• 10Y*: 13.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TPINX vs. TEDMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TPINX Templeton Global Bond Fund	1.28%	15.02%	-11.95%	2.45%	-6.17%	-5.06%	-4.41%	0.63%	1.26%	2.36%
TEDMX Templeton Developing Markets Trust	41.91%	44.71%	8.14%	12.28%	-22.17%	-5.82%	18.65%	26.39%	-16.21%	40.21%

Correlation

The correlation between TPINX and TEDMX is 0.58, 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	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Jan 2, 1992	0.37

Over the past year, TPINX and TEDMX have become more correlated (0.58) than their long-term average of 0.37, meaning their price movements have been converging.

Return for Risk

TPINX vs. TEDMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TPINX

TPINX Risk / Return Rank: 9
TPINX Sharpe Ratio Rank: 9
TPINX Sortino Ratio Rank: 9
TPINX Omega Ratio Rank: 9
TPINX Calmar Ratio Rank: 9
TPINX Martin Ratio Rank: 10

TEDMX

TEDMX Risk / Return Rank: 92
TEDMX Sharpe Ratio Rank: 97
TEDMX Sortino Ratio Rank: 87
TEDMX Omega Ratio Rank: 90
TEDMX Calmar Ratio Rank: 94
TEDMX Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TPINX vs. TEDMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Templeton Global Bond Fund (TPINX) and Templeton Developing Markets Trust (TEDMX). 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	TEDMX	Difference
Sharpe ratio: Return per unit of total volatility	0.74	3.33	-2.58
Sortino ratio: Return per unit of downside risk	1.10	3.84	-2.74
Omega ratio: Gain probability vs. loss probability	1.14	1.61	-0.48
Calmar ratio: Return relative to maximum drawdown	0.86	5.14	-4.28
Martin ratio: Return relative to average drawdown	2.65	19.48	-16.83

TPINX vs. TEDMX - Sharpe Ratio Comparison

The current TPINX Sharpe Ratio is 0.74, which is lower than the TEDMX Sharpe Ratio of 3.33. The chart below compares the historical Sharpe Ratios of TPINX and TEDMX, 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

TPINX vs. TEDMX - Drawdown Comparison

The maximum TPINX drawdown since its inception was -26.45%, smaller than the maximum TEDMX drawdown of -64.97%. Use the drawdown chart below to compare losses from any high point for TPINX and TEDMX.

Drawdown Indicators

	TPINX	TEDMX	Difference
Max Drawdown Largest peak-to-trough decline	-26.45%	-64.97%	+38.52%
Max Drawdown (1Y) Largest decline over 1 year	-6.36%	-14.80%	+8.44%
Max Drawdown (3Y) Largest decline over 3 years	-13.03%	-14.80%	+1.77%
Max Drawdown (5Y) Largest decline over 5 years	-18.19%	-41.50%	+23.31%
Max Drawdown (10Y) Largest decline over 10 years	-26.45%	-44.36%	+17.91%
Current Drawdown Current decline from peak	-13.78%	-1.93%	-11.85%
Average Drawdown Average peak-to-trough decline	-4.85%	-19.43%	+14.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	3.90%	-1.84%

Volatility

TPINX vs. TEDMX - Volatility Comparison

The current volatility for Templeton Global Bond Fund (TPINX) is 2.11%, while Templeton Developing Markets Trust (TEDMX) has a volatility of 12.58%. This indicates that TPINX experiences smaller price fluctuations and is considered to be less risky than TEDMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TPINX	TEDMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.11%	12.58%	-10.47%
Volatility (6M) Calculated over the trailing 6-month period	6.11%	20.64%	-14.53%
Volatility (1Y) Calculated over the trailing 1-year period	7.36%	22.88%	-15.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.15%	20.07%	-11.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.26%	19.39%	-12.13%

TPINX vs. TEDMX - Expense Ratio Comparison

TPINX has a 0.94% expense ratio, which is lower than TEDMX's 1.38% expense ratio.

Dividends

TPINX vs. TEDMX - Dividend Comparison

TPINX's dividend yield for the trailing twelve months is around 5.07%, more than TEDMX's 1.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TEDMX Templeton Developing Markets Trust	1.86%	2.64%	3.30%	3.44%	5.25%	6.76%	2.40%	4.54%	1.35%	0.90%	1.20%	1.02%
TPINX Templeton Global Bond Fund	5.07%	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

Can I hold both TPINX and TEDMX in my portfolio?

TPINX and TEDMX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TPINX or TEDMX?

TEDMX has higher volatility (12.58%) compared to TPINX (2.11%). In terms of maximum drawdown, TPINX dropped -26.45% vs TEDMX's -64.97%.

Which has better risk-adjusted returns?

TEDMX currently has the higher Sharpe Ratio (3.33 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.