EDIAX vs. TIBAX

Last updated Jun 3, 2026

EDIAX (Eaton Vance Global Income Builder Fund) and TIBAX (Thornburg Investment Income Builder Fund) are both Global Allocation funds. Over the past 10 years, EDIAX returned 8.71%/yr vs 12.35%/yr for TIBAX. Their correlation of 0.84 suggests significant overlap in exposure. EDIAX charges 1.17%/yr vs 1.14%/yr for TIBAX.

Performance

EDIAX vs. TIBAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Global Income Builder Fund (EDIAX) and Thornburg Investment Income Builder Fund (TIBAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDIAX achieves a 7.62% return, which is significantly lower than TIBAX's 17.18% return. Over the past 10 years, EDIAX has underperformed TIBAX with an annualized return of 8.71%, while TIBAX has yielded a comparatively higher 12.35% annualized return.

EDIAX

• 1D: 0.40%
• 1M: 3.83%
• YTD: 7.62%
• 6M: 9.47%
• 1Y: 20.04%
• 3Y*: 14.74%
• 5Y*: 7.44%
• 10Y*: 8.71%

TIBAX

• 1D: 0.13%
• 1M: 2.00%
• YTD: 17.18%
• 6M: 20.85%
• 1Y: 38.88%
• 3Y*: 26.26%
• 5Y*: 15.98%
• 10Y*: 12.35%

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

EDIAX vs. TIBAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EDIAX Eaton Vance Global Income Builder Fund	7.62%	19.06%	7.87%	18.49%	-16.78%	15.14%	10.53%	23.50%	-8.42%	15.81%
TIBAX Thornburg Investment Income Builder Fund	17.18%	36.62%	13.23%	18.01%	-7.95%	20.08%	-0.67%	17.72%	-4.54%	14.83%

Correlation

The correlation between EDIAX and TIBAX is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Dec 2, 2005	0.84

Over the past year, the correlation between EDIAX and TIBAX has dropped to 0.61 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.

Return for Risk

EDIAX vs. TIBAX — Risk / Return Rank

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

EDIAX

EDIAX Risk / Return Rank: 50
EDIAX Sharpe Ratio Rank: 54
EDIAX Sortino Ratio Rank: 53
EDIAX Omega Ratio Rank: 51
EDIAX Calmar Ratio Rank: 41
EDIAX Martin Ratio Rank: 52

TIBAX

TIBAX Risk / Return Rank: 98
TIBAX Sharpe Ratio Rank: 99
TIBAX Sortino Ratio Rank: 98
TIBAX Omega Ratio Rank: 97
TIBAX Calmar Ratio Rank: 97
TIBAX 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.

EDIAX vs. TIBAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Global Income Builder Fund (EDIAX) and Thornburg Investment Income Builder Fund (TIBAX). 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.

	EDIAX	TIBAX	Difference
Sharpe ratio Return per unit of total volatility	2.16	4.75	-2.59
Sortino ratio Return per unit of downside risk	3.08	6.81	-3.74
Omega ratio Gain probability vs. loss probability	1.39	1.96	-0.56
Calmar ratio Return relative to maximum drawdown	2.44	7.37	-4.94
Martin ratio Return relative to average drawdown	10.75	28.83	-18.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EDIAX vs. TIBAX - Sharpe Ratio Comparison

The current EDIAX Sharpe Ratio is 2.16, which is lower than the TIBAX Sharpe Ratio of 4.75. The chart below compares the historical Sharpe Ratios of EDIAX and TIBAX, 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

	EDIAX	TIBAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.16	4.75	-2.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	1.45	-0.80
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	0.92	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.79	-0.42

Drawdowns

EDIAX vs. TIBAX - Drawdown Comparison

The maximum EDIAX drawdown since its inception was -51.79%, which is greater than TIBAX's maximum drawdown of -49.12%. Use the drawdown chart below to compare losses from any high point for EDIAX and TIBAX.

Drawdown Indicators

	EDIAX	TIBAX	Difference
Max Drawdown Largest peak-to-trough decline	-51.79%	-49.12%	-2.67%
Max Drawdown (1Y) Largest decline over 1 year	-8.41%	-5.43%	-2.98%
Max Drawdown (3Y) Largest decline over 3 years	-10.74%	-9.20%	-1.54%
Max Drawdown (5Y) Largest decline over 5 years	-23.86%	-20.94%	-2.92%
Max Drawdown (10Y) Largest decline over 10 years	-30.57%	-34.85%	+4.28%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-10.18%	-5.99%	-4.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	1.39%	+0.52%

Volatility

EDIAX vs. TIBAX - Volatility Comparison

Eaton Vance Global Income Builder Fund (EDIAX) and Thornburg Investment Income Builder Fund (TIBAX) have volatilities of 3.11% and 3.08%, 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

	EDIAX	TIBAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.11%	3.08%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	7.83%	6.95%	+0.88%
Volatility (1Y) Calculated over the trailing 1-year period	9.59%	8.42%	+1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.54%	11.12%	+0.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.09%	13.46%	-1.37%

EDIAX vs. TIBAX - Expense Ratio Comparison

EDIAX has a 1.17% expense ratio, which is higher than TIBAX's 1.14% expense ratio.

Dividends

EDIAX vs. TIBAX - Dividend Comparison

EDIAX's dividend yield for the trailing twelve months is around 4.91%, which matches TIBAX's 4.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EDIAX Eaton Vance Global Income Builder Fund	4.91%	4.12%	7.64%	3.36%	3.54%	4.07%	3.15%	3.36%	4.00%	3.24%	3.63%	3.94%
TIBAX Thornburg Investment Income Builder Fund	4.88%	5.64%	5.44%	4.67%	5.62%	5.10%	4.11%	4.23%	4.49%	4.22%	3.83%	4.31%

Frequently Asked Questions

Can I hold both EDIAX and TIBAX in my portfolio?

EDIAX and TIBAX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EDIAX or TIBAX?

EDIAX has higher volatility (3.11%) compared to TIBAX (3.08%). In terms of maximum drawdown, EDIAX dropped -51.79% vs TIBAX's -49.12%.

Which has better risk-adjusted returns?

TIBAX currently has the higher Sharpe Ratio (4.75 vs 2.16), 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.