Correlation
The correlation between GLFOX and TIBAX is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
GLFOX vs. TIBAX
Compare and contrast key facts about Lazard Global Listed Infrastructure Portfolio Open Shares (GLFOX) and Thornburg Investment Income Builder Fund (TIBAX).
GLFOX is managed by Lazard. It was launched on Dec 31, 2009. TIBAX is managed by Thornburg. It was launched on Dec 23, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLFOX or TIBAX.
Performance
GLFOX vs. TIBAX - Performance Comparison
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Key characteristics
GLFOX:
1.98
TIBAX:
1.90
GLFOX:
2.43
TIBAX:
2.42
GLFOX:
1.33
TIBAX:
1.37
GLFOX:
2.99
TIBAX:
2.26
GLFOX:
9.31
TIBAX:
9.42
GLFOX:
2.15%
TIBAX:
2.21%
GLFOX:
10.97%
TIBAX:
11.42%
GLFOX:
-29.65%
TIBAX:
-45.64%
GLFOX:
-0.06%
TIBAX:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with GLFOX having a 14.48% return and TIBAX slightly higher at 14.60%. Over the past 10 years, GLFOX has outperformed TIBAX with an annualized return of 8.85%, while TIBAX has yielded a comparatively lower 7.89% annualized return.
GLFOX
14.48%
3.18%
11.57%
19.42%
8.80%
10.25%
8.85%
TIBAX
14.60%
4.53%
15.88%
20.58%
13.47%
15.31%
7.89%
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GLFOX vs. TIBAX - Expense Ratio Comparison
GLFOX has a 1.22% expense ratio, which is higher than TIBAX's 1.14% expense ratio.
Risk-Adjusted Performance
GLFOX vs. TIBAX — Risk-Adjusted Performance Rank
GLFOX
TIBAX
GLFOX vs. TIBAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Global Listed Infrastructure Portfolio Open Shares (GLFOX) 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.
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Dividends
GLFOX vs. TIBAX - Dividend Comparison
GLFOX's dividend yield for the trailing twelve months is around 3.01%, less than TIBAX's 4.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLFOX Lazard Global Listed Infrastructure Portfolio Open Shares | 3.01% | 4.00% | 2.68% | 14.50% | 5.97% | 2.39% | 4.20% | 13.98% | 6.82% | 3.18% | 11.00% | 12.39% |
TIBAX Thornburg Investment Income Builder Fund | 4.78% | 5.44% | 4.67% | 5.62% | 5.10% | 4.11% | 4.23% | 4.65% | 4.22% | 3.83% | 4.31% | 5.20% |
Drawdowns
GLFOX vs. TIBAX - Drawdown Comparison
The maximum GLFOX drawdown since its inception was -29.65%, smaller than the maximum TIBAX drawdown of -45.64%. Use the drawdown chart below to compare losses from any high point for GLFOX and TIBAX.
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Volatility
GLFOX vs. TIBAX - Volatility Comparison
Lazard Global Listed Infrastructure Portfolio Open Shares (GLFOX) has a higher volatility of 2.69% compared to Thornburg Investment Income Builder Fund (TIBAX) at 1.91%. This indicates that GLFOX's price experiences larger fluctuations and is considered to be riskier than TIBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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