ABI vs. TMB

Last updated Jun 4, 2026

ABI (VictoryShares Pioneer Asset-Based Income ETF) and TMB (Thornburg Multi Sector Bond ETF) are both Multisector Bonds funds. Their correlation of 0.94 suggests significant overlap in exposure. ABI charges 0.65%/yr vs 0.55%/yr for TMB.

Performance

ABI vs. TMB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares Pioneer Asset-Based Income ETF (ABI) and Thornburg Multi Sector Bond ETF (TMB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ABI

• 1D: -0.04%
• 1M: 0.75%
• YTD: 2.61%
• 6M: 3.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TMB

• 1D: -0.23%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ABI vs. TMB - Yearly Performance Comparison

	2026 (YTD)
ABI VictoryShares Pioneer Asset-Based Income ETF	0.24%
TMB Thornburg Multi Sector Bond ETF	0.17%

Correlation

The correlation between ABI and TMB is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.94

Return for Risk

ABI vs. TMB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares Pioneer Asset-Based Income ETF (ABI) and Thornburg Multi Sector Bond ETF (TMB). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ABI	TMB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	3.98	3.18	+0.80

Drawdowns

ABI vs. TMB - Drawdown Comparison

The maximum ABI drawdown since its inception was -0.95%, which is greater than TMB's maximum drawdown of -0.24%. Use the drawdown chart below to compare losses from any high point for ABI and TMB.

Drawdown Indicators

	ABI	TMB	Difference
Max Drawdown Largest peak-to-trough decline	-0.95%	-0.24%	-0.71%
Current Drawdown Current decline from peak	-0.04%	-0.24%	+0.20%
Average Drawdown Average peak-to-trough decline	-0.19%	-0.06%	-0.13%

Volatility

Volatility by Period

	ABI	TMB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	1.28%	2.52%	-1.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.28%	2.52%	-1.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.28%	2.52%	-1.24%

ABI vs. TMB - Expense Ratio Comparison

ABI has a 0.65% expense ratio, which is higher than TMB's 0.55% expense ratio.

Dividends

ABI vs. TMB - Dividend Comparison

ABI's dividend yield for the trailing twelve months is around 5.18%, more than TMB's 0.36% yield.

Position	TTM	2025
ABI VictoryShares Pioneer Asset-Based Income ETF	5.18%	3.01%
TMB Thornburg Multi Sector Bond ETF	0.36%	0.00%

Frequently Asked Questions

Can I hold both ABI and TMB in my portfolio?

With a correlation of 0.94, ABI and TMB 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 ETF is better, ABI or TMB?

On fees, TMB is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ABI or TMB?

TMB is cheaper with a 0.55% expense ratio, compared with 0.65% for ABI.

Which ETF pays a higher dividend yield, ABI or TMB?

ABI has the higher dividend yield at 5.18%, compared with 0.36% for TMB.

What is the main difference between ABI and TMB?

They also come from different issuers: VictoryShares and Thornburg. Their fees differ too: 0.65% for ABI and 0.55% for TMB.