FRANKLIN INTERNATIONAL Competition
| FNGAX Fund | USD 16.24 -0.38 -2.29% |
FRANKLIN INTERNATIONAL vs Diamond Hill Correlation Overview
Very weak diversification
For the present investment horizon, the measured correlation between FNGAX and DHMIX stands at 0.47, or Very weak diversification. The cleaner interpretation is to review correlation beside volatility, expected return, and the role each holding plays in the portfolio.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of FRANKLIN INTERNATIONAL's price to converge to an average value over time is called mean reversion.
FRANKLIN INTERNATIONAL Competition Correlation Matrix
Correlation analysis between Franklin International Growth and its competitors helps investors understand whether diversification is real or only superficial inside the same peer group. This matrix is most informative when investors want to know whether adding another peer would improve diversification, increase crowding, or leave total risk largely unchanged.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between FRANKLIN Mutual Fund performing well and FRANKLIN INTERNATIONAL Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze FRANKLIN INTERNATIONAL's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FILRX | 0.78 | -0.08 | 0.00 | -0.14 | 0.00 | 1.42 | 4.44 | |||
| BEMIX | 0.76 | 0.15 | 0.12 | 0.14 | 1.09 | 1.74 | 7.11 | |||
| VLEOX | 0.81 | 0.04 | 0.04 | -0.01 | 1.02 | 1.53 | 5.79 | |||
| EEMAX | 1.06 | 0.18 | 0.14 | -0.96 | 1.44 | 2.34 | 10.14 | |||
| COVAX | 0.80 | 0.02 | 0.06 | -0.24 | 0.98 | 1.66 | 5.22 | |||
| PARNX | 0.91 | -0.08 | 0.00 | -0.11 | 0.00 | 1.76 | 6.16 | |||
| FAMEX | 0.67 | -0.03 | 0.00 | -0.08 | 0.00 | 1.23 | 3.90 | |||
| BAQAX | 0.77 | 0.13 | 0.11 | 0.12 | 1.14 | 1.67 | 7.16 | |||
| CIMDX | 0.78 | -0.01 | 0.00 | -0.05 | 0.00 | 1.82 | 5.58 | |||
| DHMIX | 0.74 | 0.01 | 0.00 | -0.03 | 0.00 | 1.62 | 4.54 |
FRANKLIN INTERNATIONAL Competitive Analysis
| Better Than Average | Worse Than Peers | View Performance Chart |
Peer Performance Charts
How to Analyze FRANKLIN INTERNATIONAL Against Peers
FRANKLIN INTERNATIONAL's peer analysis compares FRANKLIN INTERNATIONAL with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:- Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
- Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
- Check valuation dispersion: Review whether FRANKLIN INTERNATIONAL trades at a premium or discount versus peers and why.
- Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
- Document the thesis: Record where FRANKLIN INTERNATIONAL leads or lags and what catalysts could close or widen the gap.