TTRZX vs. NSBDX
TTRZX (Templeton Global Total Return Fund) and NSBDX (North Star Bond Fund) are both Nontraditional Bonds funds. Over the past 10 years, TTRZX returned 1.07%/yr vs 2.35%/yr for NSBDX. At a 0.34 correlation, their price movements are largely independent. TTRZX charges 0.89%/yr vs 1.63%/yr for NSBDX.
Performance
TTRZX vs. NSBDX - Performance Comparison
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Returns By Period
In the year-to-date period, TTRZX achieves a 1.92% return, which is significantly higher than NSBDX's 1.34% return. Over the past 10 years, TTRZX has underperformed NSBDX with an annualized return of 1.07%, while NSBDX has yielded a comparatively higher 2.35% annualized return.
TTRZX
- 1D
- -0.43%
- 1M
- 0.60%
- YTD
- 1.92%
- 6M
- 2.94%
- 1Y
- 9.38%
- 3Y*
- 5.57%
- 5Y*
- 0.19%
- 10Y*
- 1.07%
NSBDX
- 1D
- 0.00%
- 1M
- 0.60%
- YTD
- 1.34%
- 6M
- 1.56%
- 1Y
- 3.84%
- 3Y*
- 4.56%
- 5Y*
- 1.80%
- 10Y*
- 2.35%
TTRZX vs. NSBDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TTRZX Templeton Global Total Return Fund | 1.92% | 18.26% | -6.61% | 6.28% | -12.29% | -5.14% | -5.58% | 2.01% | 2.03% | 3.09% |
NSBDX North Star Bond Fund | 1.34% | 3.67% | 5.17% | 6.07% | -7.23% | 2.84% | 0.71% | 9.36% | -3.50% | 3.03% |
Correlation
The correlation between TTRZX and NSBDX is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2014 | 0.34 |
The correlation between TTRZX and NSBDX shifts across timeframes, from 0.33 (10 years) to 0.53 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TTRZX vs. NSBDX — Risk / Return Rank
TTRZX
NSBDX
TTRZX vs. NSBDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Templeton Global Total Return Fund (TTRZX) and North Star Bond Fund (NSBDX). 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.
| TTRZX | NSBDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.42 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.87 | -0.58 |
| Martin ratioReturn relative to average drawdown | 4.29 | 7.71 | -3.42 |
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Drawdowns
TTRZX vs. NSBDX - Drawdown Comparison
The maximum TTRZX drawdown since its inception was -33.17%, which is greater than NSBDX's maximum drawdown of -18.75%. Use the drawdown chart below to compare losses from any high point for TTRZX and NSBDX.
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Drawdown Indicators
| TTRZX | NSBDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.17% | -18.75% | -14.42% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -2.12% | -4.83% |
Max Drawdown (3Y)Largest decline over 3 years | -11.49% | -2.17% | -9.32% |
Max Drawdown (5Y)Largest decline over 5 years | -26.45% | -8.88% | -17.57% |
Max Drawdown (10Y)Largest decline over 10 years | -33.17% | -18.75% | -14.42% |
Current DrawdownCurrent decline from peak | -8.74% | -0.18% | -8.56% |
Average DrawdownAverage peak-to-trough decline | -7.61% | -1.74% | -5.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.08% | 0.51% | +1.57% |
Volatility
TTRZX vs. NSBDX - Volatility Comparison
Templeton Global Total Return Fund (TTRZX) has a higher volatility of 2.03% compared to North Star Bond Fund (NSBDX) at 0.51%. This indicates that TTRZX's price experiences larger fluctuations and is considered to be riskier than NSBDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TTRZX | NSBDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.03% | 0.51% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 6.26% | 1.60% | +4.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.49% | 2.00% | +5.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.23% | 2.69% | +6.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.91% | 3.91% | +4.00% |
TTRZX vs. NSBDX - Expense Ratio Comparison
TTRZX has a 0.89% expense ratio, which is lower than NSBDX's 1.63% expense ratio.
Dividends
TTRZX vs. NSBDX - Dividend Comparison
TTRZX's dividend yield for the trailing twelve months is around 6.95%, more than NSBDX's 4.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NSBDX North Star Bond Fund | 4.13% | 3.72% | 4.48% | 3.45% | 2.49% | 2.72% | 3.23% | 3.34% | 3.50% | 3.61% | 2.98% | 2.86% |
TTRZX Templeton Global Total Return Fund | 6.95% | 5.57% | 8.19% | 5.95% | 7.54% | 8.18% | 4.84% | 6.96% | 5.55% | 3.54% | 2.94% | 4.31% |
Frequently Asked Questions
TTRZX and NSBDX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TTRZX has higher volatility (2.03%) compared to NSBDX (0.51%). In terms of maximum drawdown, TTRZX dropped -33.17% vs NSBDX's -18.75%.
NSBDX currently has the higher Sharpe Ratio (1.99 vs 1.19), 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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