DLN vs. TIBIX

Last updated Jun 9, 2026

DLN (WisdomTree US LargeCap Dividend ETF) and TIBIX (Thornburg Investment Income Builder Fund Class I) are both funds - DLN is a Large Cap Growth Equities fund tracking the WisdomTree LargeCap Dividend Index, while TIBIX is a Diversified Portfolio fund actively managed by Thornburg. DLN is passively managed, while TIBIX is actively managed. Over the past 10 years, DLN returned 12.58%/yr vs 12.32%/yr for TIBIX. A 0.79 correlation means they provide meaningful diversification when combined. DLN charges 0.28%/yr vs 0.93%/yr for TIBIX.

Performance

DLN vs. TIBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree US LargeCap Dividend ETF (DLN) and Thornburg Investment Income Builder Fund Class I (TIBIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DLN achieves a 9.21% return, which is significantly lower than TIBIX's 14.92% return. Both investments have delivered pretty close results over the past 10 years, with DLN having a 12.58% annualized return and TIBIX not far behind at 12.32%.

DLN

• 1D: -0.22%
• 1M: 1.76%
• YTD: 9.21%
• 6M: 9.88%
• 1Y: 21.09%
• 3Y*: 17.83%
• 5Y*: 12.19%
• 10Y*: 12.58%

TIBIX

• 1D: -1.79%
• 1M: -0.79%
• YTD: 14.92%
• 6M: 18.21%
• 1Y: 35.64%
• 3Y*: 25.80%
• 5Y*: 15.81%
• 10Y*: 12.32%

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

DLN vs. TIBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DLN WisdomTree US LargeCap Dividend ETF	9.21%	15.53%	19.66%	9.95%	-3.78%	25.60%	4.59%	28.91%	-5.82%	18.22%
TIBIX Thornburg Investment Income Builder Fund Class I	14.92%	37.01%	13.48%	18.28%	-7.69%	20.36%	-0.40%	18.01%	-4.31%	15.23%

Correlation

The correlation between DLN and TIBIX is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jun 19, 2006	0.79

The correlation between DLN and TIBIX shifts across timeframes, from 0.64 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DLN vs. TIBIX — Risk / Return Rank

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

DLN

DLN Risk / Return Rank: 80
DLN Sharpe Ratio Rank: 82
DLN Sortino Ratio Rank: 84
DLN Omega Ratio Rank: 79
DLN Calmar Ratio Rank: 76
DLN Martin Ratio Rank: 81

TIBIX

TIBIX Risk / Return Rank: 97
TIBIX Sharpe Ratio Rank: 99
TIBIX Sortino Ratio Rank: 97
TIBIX Omega Ratio Rank: 96
TIBIX Calmar Ratio Rank: 97
TIBIX Martin Ratio Rank: 97

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.

DLN vs. TIBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree US LargeCap Dividend ETF (DLN) and Thornburg Investment Income Builder Fund Class I (TIBIX). 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.

	DLN	TIBIX	Difference
Sharpe ratio: Return per unit of total volatility	2.37	4.11	-1.73
Sortino ratio: Return per unit of downside risk	3.39	5.79	-2.40
Omega ratio: Gain probability vs. loss probability	1.43	1.81	-0.38
Calmar ratio: Return relative to maximum drawdown	3.47	6.63	-3.15
Martin ratio: Return relative to average drawdown	14.64	25.67	-11.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DLN vs. TIBIX - Sharpe Ratio Comparison

The current DLN Sharpe Ratio is 2.37, which is lower than the TIBIX Sharpe Ratio of 4.11. The chart below compares the historical Sharpe Ratios of DLN and TIBIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DLN	TIBIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	4.11	-1.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	1.42	-0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.91	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.76	-0.23

Drawdowns

DLN vs. TIBIX - Drawdown Comparison

The maximum DLN drawdown since its inception was -57.84%, which is greater than TIBIX's maximum drawdown of -48.88%. Use the drawdown chart below to compare losses from any high point for DLN and TIBIX.

Drawdown Indicators

	DLN	TIBIX	Difference
Max Drawdown Largest peak-to-trough decline	-57.84%	-48.88%	-8.96%
Max Drawdown (1Y) Largest decline over 1 year	-6.10%	-5.39%	-0.71%
Max Drawdown (3Y) Largest decline over 3 years	-13.71%	-9.23%	-4.48%
Max Drawdown (5Y) Largest decline over 5 years	-16.26%	-20.79%	+4.53%
Max Drawdown (10Y) Largest decline over 10 years	-35.82%	-34.85%	-0.97%
Current Drawdown Current decline from peak	-1.40%	-2.57%	+1.17%
Average Drawdown Average peak-to-trough decline	-7.52%	-5.96%	-1.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.44%	1.39%	+0.05%

Volatility

DLN vs. TIBIX - Volatility Comparison

The current volatility for WisdomTree US LargeCap Dividend ETF (DLN) is 2.37%, while Thornburg Investment Income Builder Fund Class I (TIBIX) has a volatility of 3.34%. This indicates that DLN experiences smaller price fluctuations and is considered to be less risky than TIBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DLN	TIBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.37%	3.34%	-0.97%
Volatility (6M) Calculated over the trailing 6-month period	6.90%	7.25%	-0.35%
Volatility (1Y) Calculated over the trailing 1-year period	8.94%	8.70%	+0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.28%	11.19%	+2.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.17%	13.51%	+2.66%

DLN vs. TIBIX - Expense Ratio Comparison

DLN has a 0.28% expense ratio, which is lower than TIBIX's 0.93% expense ratio.

Dividends

DLN vs. TIBIX - Dividend Comparison

DLN's dividend yield for the trailing twelve months is around 1.81%, less than TIBIX's 5.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLN WisdomTree US LargeCap Dividend ETF	1.81%	1.90%	2.00%	2.43%	2.53%	2.01%	2.66%	2.51%	2.90%	2.33%	2.64%	2.80%
TIBIX Thornburg Investment Income Builder Fund Class I	5.16%	5.83%	5.67%	4.89%	5.89%	5.33%	4.31%	4.46%	4.77%	4.52%	4.14%	4.66%

Frequently Asked Questions

Can I hold both DLN and TIBIX in my portfolio?

DLN and TIBIX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DLN or TIBIX?

TIBIX has higher volatility (3.34%) compared to DLN (2.37%). In terms of maximum drawdown, DLN dropped -57.84% vs TIBIX's -48.88%.

Which has better risk-adjusted returns?

TIBIX currently has the higher Sharpe Ratio (4.11 vs 2.37), 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.