PDPAX vs. TIBAX
Compare and contrast key facts about Virtus Duff & Phelps Real Asset Fund (PDPAX) and Thornburg Investment Income Builder Fund (TIBAX).
PDPAX is managed by Virtus. It was launched on Nov 29, 2005. TIBAX is managed by Thornburg. It was launched on Dec 23, 2002.
Performance
PDPAX vs. TIBAX - Performance Comparison
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PDPAX vs. TIBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PDPAX Virtus Duff & Phelps Real Asset Fund | 7.17% | 15.90% | 9.45% | 4.73% | -2.66% | 21.15% | -3.18% | 16.84% | -9.35% | 8.15% |
TIBAX Thornburg Investment Income Builder Fund | 7.98% | 36.62% | 13.23% | 18.01% | -7.95% | 20.08% | -0.67% | 17.72% | -4.54% | 14.83% |
Returns By Period
In the year-to-date period, PDPAX achieves a 7.17% return, which is significantly lower than TIBAX's 7.98% return. Over the past 10 years, PDPAX has underperformed TIBAX with an annualized return of 7.22%, while TIBAX has yielded a comparatively higher 11.70% annualized return.
PDPAX
- 1D
- 0.18%
- 1M
- -5.75%
- YTD
- 7.17%
- 6M
- 8.32%
- 1Y
- 18.47%
- 3Y*
- 12.38%
- 5Y*
- 9.88%
- 10Y*
- 7.22%
TIBAX
- 1D
- 0.31%
- 1M
- -4.88%
- YTD
- 7.98%
- 6M
- 15.33%
- 1Y
- 35.77%
- 3Y*
- 23.23%
- 5Y*
- 14.98%
- 10Y*
- 11.70%
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PDPAX vs. TIBAX - Expense Ratio Comparison
PDPAX has a 0.81% expense ratio, which is lower than TIBAX's 1.14% expense ratio.
Return for Risk
PDPAX vs. TIBAX — Risk / Return Rank
PDPAX
TIBAX
PDPAX vs. TIBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Virtus Duff & Phelps Real Asset Fund (PDPAX) 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.
| PDPAX | TIBAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.54 | 3.33 | -1.79 |
Sortino ratioReturn per unit of downside risk | 2.05 | 4.24 | -2.19 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.74 | -0.42 |
Calmar ratioReturn relative to maximum drawdown | 1.86 | 4.10 | -2.25 |
Martin ratioReturn relative to average drawdown | 9.54 | 20.22 | -10.68 |
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
| PDPAX | TIBAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | 3.33 | -1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 1.36 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.87 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.77 | -0.45 |
Correlation
The correlation between PDPAX and TIBAX is 0.78, 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.
Dividends
PDPAX vs. TIBAX - Dividend Comparison
PDPAX's dividend yield for the trailing twelve months is around 1.66%, less than TIBAX's 5.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDPAX Virtus Duff & Phelps Real Asset Fund | 1.66% | 1.77% | 3.65% | 2.08% | 1.06% | 0.76% | 0.68% | 3.09% | 2.38% | 1.92% | 0.80% | 1.13% |
TIBAX Thornburg Investment Income Builder Fund | 5.30% | 5.64% | 5.44% | 4.67% | 5.62% | 5.10% | 4.11% | 4.23% | 4.49% | 4.22% | 3.83% | 4.31% |
Drawdowns
PDPAX vs. TIBAX - Drawdown Comparison
The maximum PDPAX drawdown since its inception was -43.40%, smaller than the maximum TIBAX drawdown of -49.12%. Use the drawdown chart below to compare losses from any high point for PDPAX and TIBAX.
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Drawdown Indicators
| PDPAX | TIBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.40% | -49.12% | +5.72% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -8.57% | -1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -18.87% | -20.94% | +2.07% |
Max Drawdown (10Y)Largest decline over 10 years | -32.24% | -34.85% | +2.61% |
Current DrawdownCurrent decline from peak | -5.80% | -5.13% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -6.03% | -1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 1.74% | +0.24% |
Volatility
PDPAX vs. TIBAX - Volatility Comparison
Virtus Duff & Phelps Real Asset Fund (PDPAX) has a higher volatility of 3.74% compared to Thornburg Investment Income Builder Fund (TIBAX) at 3.19%. This indicates that PDPAX'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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Volatility by Period
| PDPAX | TIBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 3.19% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 7.24% | 6.35% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.34% | 10.70% | +1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.12% | 11.04% | +2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.85% | 13.43% | -0.58% |