FEBAX vs. TIBAX
FEBAX (First Eagle Global Income Builder Fund Class A) and TIBAX (Thornburg Investment Income Builder Fund) are both Global Allocation funds. Over the past 10 years, FEBAX returned 8.71%/yr vs 12.70%/yr for TIBAX. Their correlation of 0.81 suggests significant overlap in exposure. FEBAX charges 1.17%/yr vs 1.14%/yr for TIBAX.
Performance
FEBAX vs. TIBAX - Performance Comparison
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Returns By Period
In the year-to-date period, FEBAX achieves a 7.04% return, which is significantly lower than TIBAX's 17.44% return. Over the past 10 years, FEBAX has underperformed TIBAX with an annualized return of 8.71%, while TIBAX has yielded a comparatively higher 12.70% annualized return.
FEBAX
- 1D
- -0.48%
- 1M
- -1.43%
- YTD
- 7.04%
- 6M
- 6.99%
- 1Y
- 19.31%
- 3Y*
- 14.84%
- 5Y*
- 9.18%
- 10Y*
- 8.71%
TIBAX
- 1D
- -0.10%
- 1M
- 0.51%
- YTD
- 17.44%
- 6M
- 18.19%
- 1Y
- 36.96%
- 3Y*
- 26.02%
- 5Y*
- 16.24%
- 10Y*
- 12.70%
FEBAX vs. TIBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEBAX First Eagle Global Income Builder Fund Class A | 7.04% | 26.23% | 8.12% | 7.85% | -3.55% | 11.39% | 4.74% | 14.92% | -6.50% | 12.96% |
TIBAX Thornburg Investment Income Builder Fund | 17.44% | 36.62% | 13.23% | 18.01% | -7.95% | 20.08% | -0.67% | 17.72% | -4.54% | 14.83% |
Correlation
The correlation between FEBAX and TIBAX is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since May 1, 2012 | 0.81 |
The correlation between FEBAX and TIBAX shifts across timeframes, from 0.67 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FEBAX vs. TIBAX — Risk / Return Rank
FEBAX
TIBAX
FEBAX vs. TIBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Eagle Global Income Builder Fund Class A (FEBAX) 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.
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.
| FEBAX | TIBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.02 | ||
| Sortino ratioReturn per unit of downside risk | -3.00 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.85 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 6.86 | -4.59 |
| Martin ratioReturn relative to average drawdown | 7.14 | 26.22 | -19.07 |
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Drawdowns
FEBAX vs. TIBAX - Drawdown Comparison
The maximum FEBAX drawdown since its inception was -23.04%, smaller than the maximum TIBAX drawdown of -49.12%. Use the drawdown chart below to compare losses from any high point for FEBAX and TIBAX.
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Drawdown Indicators
| FEBAX | TIBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.04% | -49.12% | +26.08% |
Max Drawdown (1Y)Largest decline over 1 year | -8.65% | -5.43% | -3.22% |
Max Drawdown (3Y)Largest decline over 3 years | -8.65% | -9.20% | +0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -15.85% | -20.94% | +5.09% |
Max Drawdown (10Y)Largest decline over 10 years | -23.04% | -34.85% | +11.81% |
Current DrawdownCurrent decline from peak | -4.59% | -0.40% | -4.19% |
Average DrawdownAverage peak-to-trough decline | -2.95% | -5.98% | +3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 1.42% | +1.32% |
Volatility
FEBAX vs. TIBAX - Volatility Comparison
First Eagle Global Income Builder Fund Class A (FEBAX) and Thornburg Investment Income Builder Fund (TIBAX) have volatilities of 2.78% and 2.87%, 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.
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Volatility by Period
| FEBAX | TIBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 2.87% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 7.59% | 7.32% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.82% | 8.76% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.01% | 11.15% | -2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.26% | 13.46% | -4.20% |
FEBAX vs. TIBAX - Expense Ratio Comparison
FEBAX has a 1.17% expense ratio, which is higher than TIBAX's 1.14% expense ratio.
Dividends
FEBAX vs. TIBAX - Dividend Comparison
FEBAX's dividend yield for the trailing twelve months is around 3.89%, less than TIBAX's 4.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEBAX First Eagle Global Income Builder Fund Class A | 3.89% | 4.14% | 5.39% | 2.80% | 3.03% | 7.61% | 3.07% | 2.49% | 2.40% | 2.51% | 3.13% | 3.38% |
TIBAX Thornburg Investment Income Builder Fund | 4.93% | 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
FEBAX and TIBAX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TIBAX has higher volatility (2.87%) compared to FEBAX (2.78%). In terms of maximum drawdown, FEBAX dropped -23.04% vs TIBAX's -49.12%.
TIBAX currently has the higher Sharpe Ratio (4.26 vs 2.23), 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.
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