PINZX vs. THOIX
PINZX (Principal Overseas Fund) and THOIX (Thornburg Global Opportunities Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, PINZX returned 13.15%/yr vs 13.98%/yr for THOIX. Their correlation of 0.80 suggests significant overlap in exposure. PINZX charges 0.97%/yr vs 0.99%/yr for THOIX.
Performance
PINZX vs. THOIX - Performance Comparison
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Returns By Period
In the year-to-date period, PINZX achieves a 15.80% return, which is significantly higher than THOIX's 11.06% return. Over the past 10 years, PINZX has underperformed THOIX with an annualized return of 13.15%, while THOIX has yielded a comparatively higher 13.98% annualized return.
PINZX
- 1D
- 0.67%
- 1M
- 3.67%
- YTD
- 15.80%
- 6M
- 15.98%
- 1Y
- 35.84%
- 3Y*
- 25.88%
- 5Y*
- 16.38%
- 10Y*
- 13.15%
THOIX
- 1D
- -0.67%
- 1M
- -0.88%
- YTD
- 11.06%
- 6M
- 11.55%
- 1Y
- 35.93%
- 3Y*
- 24.74%
- 5Y*
- 13.76%
- 10Y*
- 13.98%
PINZX vs. THOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PINZX Principal Overseas Fund | 15.80% | 40.18% | 13.98% | 22.59% | -4.87% | 11.15% | 4.09% | 20.84% | -17.91% | 25.59% |
THOIX Thornburg Global Opportunities Fund | 11.06% | 41.04% | 13.08% | 16.26% | -10.12% | 14.72% | 22.50% | 28.74% | -20.72% | 22.03% |
Correlation
The correlation between PINZX and THOIX is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2008 | 0.80 |
The correlation between PINZX and THOIX shifts across timeframes, from 0.65 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PINZX vs. THOIX — Risk / Return Rank
PINZX
THOIX
PINZX vs. THOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal Overseas Fund (PINZX) and Thornburg Global Opportunities Fund (THOIX). 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.
| PINZX | THOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.60 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 4.17 | -1.45 |
| Martin ratioReturn relative to average drawdown | 10.06 | 17.37 | -7.30 |
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Drawdowns
PINZX vs. THOIX - Drawdown Comparison
The maximum PINZX drawdown since its inception was -44.27%, smaller than the maximum THOIX drawdown of -64.58%. Use the drawdown chart below to compare losses from any high point for PINZX and THOIX.
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Drawdown Indicators
| PINZX | THOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.27% | -64.58% | +20.31% |
Max Drawdown (1Y)Largest decline over 1 year | -13.53% | -8.62% | -4.91% |
Max Drawdown (3Y)Largest decline over 3 years | -15.87% | -13.71% | -2.16% |
Max Drawdown (5Y)Largest decline over 5 years | -25.96% | -30.18% | +4.22% |
Max Drawdown (10Y)Largest decline over 10 years | -44.27% | -35.22% | -9.05% |
Current DrawdownCurrent decline from peak | 0.00% | -3.19% | +3.19% |
Average DrawdownAverage peak-to-trough decline | -9.23% | -11.44% | +2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 2.06% | +1.59% |
Volatility
PINZX vs. THOIX - Volatility Comparison
Principal Overseas Fund (PINZX) has a higher volatility of 5.46% compared to Thornburg Global Opportunities Fund (THOIX) at 4.35%. This indicates that PINZX's price experiences larger fluctuations and is considered to be riskier than THOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PINZX | THOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.46% | 4.35% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 13.87% | 9.17% | +4.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.53% | 11.57% | +4.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 16.48% | +0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.15% | 17.54% | +0.61% |
PINZX vs. THOIX - Expense Ratio Comparison
PINZX has a 0.97% expense ratio, which is lower than THOIX's 0.99% expense ratio.
Dividends
PINZX vs. THOIX - Dividend Comparison
PINZX's dividend yield for the trailing twelve months is around 8.39%, more than THOIX's 5.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PINZX Principal Overseas Fund | 8.39% | 9.71% | 29.12% | 6.31% | 8.23% | 7.70% | 1.85% | 3.08% | 10.03% | 3.15% | 2.04% | 4.01% |
THOIX Thornburg Global Opportunities Fund | 5.78% | 6.42% | 5.70% | 5.70% | 4.00% | 14.39% | 6.70% | 1.47% | 2.65% | 0.67% | 0.82% | 0.59% |
Frequently Asked Questions
PINZX and THOIX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PINZX has higher volatility (5.46%) compared to THOIX (4.35%). In terms of maximum drawdown, PINZX dropped -44.27% vs THOIX's -64.58%.
THOIX currently has the higher Sharpe Ratio (3.11 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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