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HFQAX vs. TIBAX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between HFQAX and TIBAX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.9

Performance

HFQAX vs. TIBAX - Performance Comparison

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

100.00%150.00%200.00%250.00%JulyAugustSeptemberOctoberNovemberDecember
110.16%
248.47%
HFQAX
TIBAX

Key characteristics

Sharpe Ratio

HFQAX:

0.66

TIBAX:

1.53

Sortino Ratio

HFQAX:

0.94

TIBAX:

2.15

Omega Ratio

HFQAX:

1.12

TIBAX:

1.28

Calmar Ratio

HFQAX:

0.89

TIBAX:

2.34

Martin Ratio

HFQAX:

3.04

TIBAX:

7.10

Ulcer Index

HFQAX:

2.24%

TIBAX:

1.84%

Daily Std Dev

HFQAX:

10.34%

TIBAX:

8.53%

Max Drawdown

HFQAX:

-48.93%

TIBAX:

-46.73%

Current Drawdown

HFQAX:

-7.34%

TIBAX:

-5.58%

Returns By Period

In the year-to-date period, HFQAX achieves a 4.35% return, which is significantly lower than TIBAX's 9.75% return. Over the past 10 years, HFQAX has underperformed TIBAX with an annualized return of 4.39%, while TIBAX has yielded a comparatively higher 6.60% annualized return.


HFQAX

YTD

4.35%

1M

-3.24%

6M

-1.43%

1Y

5.57%

5Y*

4.25%

10Y*

4.39%

TIBAX

YTD

9.75%

1M

-1.02%

6M

1.29%

1Y

11.88%

5Y*

7.65%

10Y*

6.60%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


HFQAX vs. TIBAX - Expense Ratio Comparison

HFQAX has a 1.24% expense ratio, which is higher than TIBAX's 1.14% expense ratio.


HFQAX
Janus Henderson Global Equity Income Fund
Expense ratio chart for HFQAX: current value at 1.24% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.24%
Expense ratio chart for TIBAX: current value at 1.14% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.14%

Risk-Adjusted Performance

HFQAX vs. TIBAX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Global Equity Income Fund (HFQAX) 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.


Sharpe ratio
The chart of Sharpe ratio for HFQAX, currently valued at 0.66, compared to the broader market-1.000.001.002.003.004.000.661.53
The chart of Sortino ratio for HFQAX, currently valued at 0.94, compared to the broader market-2.000.002.004.006.008.0010.000.942.15
The chart of Omega ratio for HFQAX, currently valued at 1.12, compared to the broader market0.501.001.502.002.503.003.501.121.28
The chart of Calmar ratio for HFQAX, currently valued at 0.89, compared to the broader market0.002.004.006.008.0010.0012.0014.000.892.34
The chart of Martin ratio for HFQAX, currently valued at 3.04, compared to the broader market0.0020.0040.0060.003.047.10
HFQAX
TIBAX

The current HFQAX Sharpe Ratio is 0.66, which is lower than the TIBAX Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of HFQAX and TIBAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
0.66
1.53
HFQAX
TIBAX

Dividends

HFQAX vs. TIBAX - Dividend Comparison

HFQAX's dividend yield for the trailing twelve months is around 6.44%, more than TIBAX's 5.38% yield.


TTM20232022202120202019201820172016201520142013
HFQAX
Janus Henderson Global Equity Income Fund
6.44%7.90%8.03%6.93%7.27%6.81%7.67%6.04%6.77%6.62%6.20%5.82%
TIBAX
Thornburg Investment Income Builder Fund
5.38%4.67%5.62%5.10%4.11%4.23%4.49%4.22%3.83%4.31%5.20%4.61%

Drawdowns

HFQAX vs. TIBAX - Drawdown Comparison

The maximum HFQAX drawdown since its inception was -48.93%, roughly equal to the maximum TIBAX drawdown of -46.73%. Use the drawdown chart below to compare losses from any high point for HFQAX and TIBAX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-7.34%
-5.58%
HFQAX
TIBAX

Volatility

HFQAX vs. TIBAX - Volatility Comparison

Janus Henderson Global Equity Income Fund (HFQAX) has a higher volatility of 3.13% compared to Thornburg Investment Income Builder Fund (TIBAX) at 2.89%. This indicates that HFQAX'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.


1.50%2.00%2.50%3.00%3.50%4.00%4.50%5.00%JulyAugustSeptemberOctoberNovemberDecember
3.13%
2.89%
HFQAX
TIBAX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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