TWEBX vs. TBGVX

Last updated Jun 25, 2026

TWEBX (Tweedy, Browne Value Fund) and TBGVX (Tweedy, Browne International Value Fund) are both mutual funds - TWEBX is a Global Equities fund managed by Tweedy, Browne, while TBGVX is a Foreign Large Cap Equities fund managed by Tweedy, Browne. Over the past 10 years, TWEBX returned 8.71%/yr vs 8.20%/yr for TBGVX. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 1.40% expense ratio.

Performance

TWEBX vs. TBGVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tweedy, Browne Value Fund (TWEBX) and Tweedy, Browne International Value Fund (TBGVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with TWEBX having a 9.75% return and TBGVX slightly lower at 9.62%. Over the past 10 years, TWEBX has outperformed TBGVX with an annualized return of 8.71%, while TBGVX has yielded a comparatively lower 8.20% annualized return.

TWEBX

• 1D: -0.55%
• 1M: -0.09%
• YTD: 9.75%
• 6M: 9.63%
• 1Y: 20.80%
• 3Y*: 13.29%
• 5Y*: 8.43%
• 10Y*: 8.71%

TBGVX

• 1D: -0.55%
• 1M: 0.32%
• YTD: 9.62%
• 6M: 9.89%
• 1Y: 18.15%
• 3Y*: 13.40%
• 5Y*: 8.10%
• 10Y*: 8.20%

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

TWEBX vs. TBGVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TWEBX Tweedy, Browne Value Fund	9.75%	21.59%	1.30%	15.21%	-5.65%	16.20%	-2.00%	16.09%	-6.43%	15.54%
TBGVX Tweedy, Browne International Value Fund	9.62%	23.86%	2.47%	12.48%	-7.52%	15.62%	-1.00%	14.64%	-6.72%	15.03%

Correlation

The correlation between TWEBX and TBGVX is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 3, 1994	0.77

The correlation between TWEBX and TBGVX shifts across timeframes, from 0.77 (all time) to 0.95 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

TWEBX vs. TBGVX — Risk / Return Rank

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

TWEBX

TWEBX Risk / Return Rank: 60
TWEBX Sharpe Ratio Rank: 71
TWEBX Sortino Ratio Rank: 74
TWEBX Omega Ratio Rank: 71
TWEBX Calmar Ratio Rank: 45
TWEBX Martin Ratio Rank: 42

TBGVX

TBGVX Risk / Return Rank: 45
TBGVX Sharpe Ratio Rank: 54
TBGVX Sortino Ratio Rank: 55
TBGVX Omega Ratio Rank: 54
TBGVX Calmar Ratio Rank: 32
TBGVX Martin Ratio Rank: 30

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.

TWEBX vs. TBGVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tweedy, Browne Value Fund (TWEBX) and Tweedy, Browne International Value Fund (TBGVX). 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.

	TWEBX	TBGVX	Difference
Sharpe ratio: Return per unit of total volatility	2.20	1.97	+0.23
Sortino ratio: Return per unit of downside risk	3.17	2.79	+0.38
Omega ratio: Gain probability vs. loss probability	1.41	1.37	+0.05
Calmar ratio: Return relative to maximum drawdown	2.38	1.99	+0.38
Martin ratio: Return relative to average drawdown	8.22	6.36	+1.86

TWEBX vs. TBGVX - Sharpe Ratio Comparison

The current TWEBX Sharpe Ratio is 2.20, which is comparable to the TBGVX Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of TWEBX and TBGVX, 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

TWEBX vs. TBGVX - Drawdown Comparison

The maximum TWEBX drawdown since its inception was -45.77%, smaller than the maximum TBGVX drawdown of -50.97%. Use the drawdown chart below to compare losses from any high point for TWEBX and TBGVX.

Drawdown Indicators

	TWEBX	TBGVX	Difference
Max Drawdown Largest peak-to-trough decline	-45.77%	-50.97%	+5.20%
Max Drawdown (1Y) Largest decline over 1 year	-9.17%	-9.56%	+0.39%
Max Drawdown (3Y) Largest decline over 3 years	-12.49%	-11.45%	-1.04%
Max Drawdown (5Y) Largest decline over 5 years	-19.03%	-17.71%	-1.32%
Max Drawdown (10Y) Largest decline over 10 years	-32.88%	-31.18%	-1.70%
Current Drawdown Current decline from peak	-1.37%	-1.94%	+0.57%
Average Drawdown Average peak-to-trough decline	-5.68%	-6.07%	+0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.64%	2.98%	-0.34%

Volatility

TWEBX vs. TBGVX - Volatility Comparison

Tweedy, Browne Value Fund (TWEBX) and Tweedy, Browne International Value Fund (TBGVX) have volatilities of 2.46% and 2.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TWEBX	TBGVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.46%	2.39%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	8.03%	7.92%	+0.11%
Volatility (1Y) Calculated over the trailing 1-year period	9.92%	9.67%	+0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.11%	11.12%	+0.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.78%	12.59%	+1.19%

TWEBX vs. TBGVX - Expense Ratio Comparison

Both TWEBX and TBGVX have an expense ratio of 1.40%.

Dividends

TWEBX vs. TBGVX - Dividend Comparison

TWEBX's dividend yield for the trailing twelve months is around 3.49%, less than TBGVX's 11.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TBGVX Tweedy, Browne International Value Fund	11.05%	12.11%	9.95%	4.55%	5.68%	8.89%	0.94%	1.88%	6.74%	1.10%	3.16%	4.94%
TWEBX Tweedy, Browne Value Fund	3.49%	3.83%	11.81%	7.47%	6.52%	12.18%	2.02%	5.49%	24.34%	0.78%	4.42%	4.36%

Frequently Asked Questions

Can I hold both TWEBX and TBGVX in my portfolio?

With a correlation of 0.95, TWEBX and TBGVX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TWEBX or TBGVX?

TWEBX has higher volatility (2.46%) compared to TBGVX (2.39%). In terms of maximum drawdown, TWEBX dropped -45.77% vs TBGVX's -50.97%.

Which has better risk-adjusted returns?

TWEBX currently has the higher Sharpe Ratio (2.20 vs 1.97), 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.