- ISIN
- US8852166060
- CUSIP
- 885216606
- Issuer
- Thornburg
- Inception Date
- Dec 15, 2009
- Category
- Emerging Markets Diversified
- Min. Investment
- $2,500,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
THDIX Performance Chart
Thornburg Developing World Fund (THDIX) is up 27.9% since the beginning of the year. THDIX is currently trading at $34 per share. Investors who bought $1,000 worth of THDIX shares 5 years ago would now be looking at an investment worth $1,282.
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Returns By Period
Thornburg Developing World Fund (THDIX) has returned 27.87% so far this year and 47.04% over the past 12 months. Over the last ten years, THDIX has returned 9.35% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Thornburg Developing World Fund
- 1D
- 1.81%
- 1M
- 5.93%
- YTD
- 27.87%
- 6M
- 29.61%
- 1Y
- 47.04%
- 3Y*
- 19.47%
- 5Y*
- 5.09%
- 10Y*
- 9.35%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
THDIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2010, THDIX's average daily return is +0.03%, while the average monthly return is +0.73%. At this rate, an investment would double in approximately 7.9 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2022 with a return of +15.9%, while the worst month was Mar 2020 at -17.4%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 5 months.
On a daily basis, THDIX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +6.2%, while the worst single day was Mar 16, 2020 at -9.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.90% | 3.83% | -8.71% | 11.11% | 9.74% | 2.54% | 27.87% | ||||||
| 2025 | -0.28% | -0.23% | 0.51% | 1.88% | 6.04% | 6.13% | 1.16% | 0.24% | 5.30% | 2.89% | -2.33% | 3.91% | 27.84% |
| 2024 | -4.11% | 5.91% | 2.37% | -1.00% | 1.70% | 3.57% | -2.48% | -0.00% | 5.23% | -2.04% | -3.34% | 0.44% | 5.80% |
| 2023 | 7.94% | -5.99% | 3.06% | -1.27% | -2.34% | 4.45% | 4.17% | -5.44% | -3.90% | -4.30% | 7.96% | 3.50% | 6.61% |
| 2022 | -3.47% | -4.60% | -2.75% | -8.35% | 2.55% | -7.85% | -0.56% | -0.09% | -11.29% | -4.91% | 15.94% | -1.18% | -25.52% |
| 2021 | 2.95% | 2.15% | -3.44% | 1.66% | 1.06% | 1.58% | -5.34% | 2.63% | -3.65% | 1.03% | -5.19% | 2.44% | -2.67% |
Benchmark Metrics
Thornburg Developing World Fund has an annualized alpha of 0.15%, beta of 0.65, and R2 of 0.46 versus S&P 500 Index. Calculated based on daily prices since January 04, 2010.
- This fund participated in 93.37% of S&P 500 Index downside but only 75.74% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.65 may look defensive, but with R2 of 0.46 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.46 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 0.15%
- Beta
- 0.65
- R²
- 0.46
- Upside Capture
- 75.74%
- Downside Capture
- 93.37%
Expense Ratio
THDIX has a high expense ratio of 1.06%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
THDIX ranks 82 for risk / return — in the top 82% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Thornburg Developing World Fund (THDIX) and compare them to S&P 500 Index.
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.
| THDIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.37 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.01 | 2.78 | +1.22 |
| Martin ratioReturn relative to average drawdown | 14.79 | 12.44 | +2.35 |
Dividends
Dividend History
Thornburg Developing World Fund provided a 2.75% dividend yield over the last twelve months, with an annual payout of $0.94 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.94 | $0.94 | $0.63 | $0.43 | $0.36 | $0.00 | $0.04 | $0.35 | $0.24 | $0.16 | $0.09 | $0.11 |
Dividend yield | 2.75% | 3.52% | 2.90% | 2.05% | 1.77% | 0.00% | 0.15% | 1.52% | 1.31% | 0.74% | 0.55% | 0.69% |
Monthly Dividends
The table displays the monthly dividend distributions for Thornburg Developing World Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.94 | $0.94 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.63 | $0.63 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.43 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Thornburg Developing World Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Thornburg Developing World Fund was 44.31%, occurring on Oct 28, 2022. Recovery took 812 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -44.31%Oct 2022 | 1y 8mo | 3y 3mo | 4y 11moFeb 2021 - Jan 2026 |
COVID crash2020 | -34.56%Mar 2020 | 2mo 2d | 5mo 6d | 7mo 8dJan 2020 - Aug 2020 |
2016 bear market2016 | -31.03%Jan 2016 | 1y 6mo | 1y 7mo | 3y 1moJul 2014 - Aug 2017 |
2011 bear market2011 | -29.06%Oct 2011 | 5mo 11d | 1y 3mo | 1y 8moApr 2011 - Jan 2013 |
Rate-hike selloffLate 2018 | -25.44%Oct 2018 | 9mo 3d | 1y 1mo | 1y 10moJan 2018 - Dec 2019 |
Drawdown Indicators
| THDIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.31% | -56.78% | +12.47% |
Max Drawdown (1Y)Largest decline over 1 year | -11.76% | -9.10% | -2.66% |
Max Drawdown (3Y)Largest decline over 3 years | -16.09% | -18.90% | +2.81% |
Max Drawdown (5Y)Largest decline over 5 years | -40.70% | -25.43% | -15.27% |
Max Drawdown (10Y)Largest decline over 10 years | -44.31% | -33.92% | -10.39% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -13.40% | -10.71% | -2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 2.03% | +1.15% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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