LTUSX vs. LTMFX
Compare and contrast key facts about Thornburg Limited Term U.S. Government Fund (LTUSX) and Thornburg Limited Term Municipal Fund (LTMFX).
LTUSX is managed by Thornburg. It was launched on Nov 15, 1987. LTMFX is managed by Thornburg. It was launched on Sep 27, 1984.
Performance
LTUSX vs. LTMFX - Performance Comparison
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LTUSX vs. LTMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LTUSX Thornburg Limited Term U.S. Government Fund | 0.29% | 6.40% | 2.40% | 3.40% | -8.06% | -1.82% | 3.77% | 3.61% | 0.98% | 0.60% |
LTMFX Thornburg Limited Term Municipal Fund | -0.20% | 5.74% | 1.84% | 3.83% | -5.27% | -0.18% | 2.97% | 3.81% | 1.00% | 2.29% |
Returns By Period
In the year-to-date period, LTUSX achieves a 0.29% return, which is significantly higher than LTMFX's -0.20% return. Over the past 10 years, LTUSX has underperformed LTMFX with an annualized return of 1.02%, while LTMFX has yielded a comparatively higher 1.38% annualized return.
LTUSX
- 1D
- -0.08%
- 1M
- -1.29%
- YTD
- 0.29%
- 6M
- 1.12%
- 1Y
- 3.98%
- 3Y*
- 3.43%
- 5Y*
- 0.70%
- 10Y*
- 1.02%
LTMFX
- 1D
- 0.07%
- 1M
- -1.67%
- YTD
- -0.20%
- 6M
- 0.38%
- 1Y
- 3.61%
- 3Y*
- 3.18%
- 5Y*
- 1.13%
- 10Y*
- 1.38%
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LTUSX vs. LTMFX - Expense Ratio Comparison
LTUSX has a 0.92% expense ratio, which is higher than LTMFX's 0.71% expense ratio.
Return for Risk
LTUSX vs. LTMFX — Risk / Return Rank
LTUSX
LTMFX
LTUSX vs. LTMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Limited Term U.S. Government Fund (LTUSX) and Thornburg Limited Term Municipal Fund (LTMFX). 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.
| LTUSX | LTMFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 1.16 | +0.09 |
Sortino ratioReturn per unit of downside risk | 1.81 | 1.57 | +0.24 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.43 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 2.21 | 1.52 | +0.70 |
Martin ratioReturn relative to average drawdown | 6.75 | 6.84 | -0.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LTUSX | LTMFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.16 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | 0.49 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.61 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.84 | +0.31 |
Correlation
The correlation between LTUSX and LTMFX is 0.48, 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.
Dividends
LTUSX vs. LTMFX - Dividend Comparison
LTUSX's dividend yield for the trailing twelve months is around 2.33%, less than LTMFX's 3.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LTUSX Thornburg Limited Term U.S. Government Fund | 2.33% | 2.69% | 2.62% | 1.89% | 1.63% | 1.21% | 1.35% | 1.77% | 1.90% | 1.45% | 2.52% | 1.50% |
LTMFX Thornburg Limited Term Municipal Fund | 3.25% | 4.28% | 3.60% | 2.11% | 1.62% | 1.27% | 1.54% | 1.78% | 1.83% | 1.64% | 1.57% | 1.56% |
Drawdowns
LTUSX vs. LTMFX - Drawdown Comparison
The maximum LTUSX drawdown since its inception was -12.34%, which is greater than LTMFX's maximum drawdown of -8.40%. Use the drawdown chart below to compare losses from any high point for LTUSX and LTMFX.
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Drawdown Indicators
| LTUSX | LTMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.34% | -8.40% | -3.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.00% | -2.95% | +0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -11.69% | -8.40% | -3.29% |
Max Drawdown (10Y)Largest decline over 10 years | -12.34% | -8.40% | -3.94% |
Current DrawdownCurrent decline from peak | -1.68% | -1.81% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -1.40% | -1.64% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.65% | +0.01% |
Volatility
LTUSX vs. LTMFX - Volatility Comparison
Thornburg Limited Term U.S. Government Fund (LTUSX) has a higher volatility of 1.19% compared to Thornburg Limited Term Municipal Fund (LTMFX) at 0.60%. This indicates that LTUSX's price experiences larger fluctuations and is considered to be riskier than LTMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LTUSX | LTMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 0.60% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 1.99% | 1.10% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.28% | 3.29% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.99% | 2.32% | +1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.06% | 2.26% | +0.80% |