PMEFX vs. TIBIX
PMEFX (Penn Mutual AM 1847 Income Fund) and TIBIX (Thornburg Investment Income Builder Fund Class I) are both Diversified Portfolio funds. Over the past 5 years, PMEFX returned 2.89%/yr vs 16.61%/yr for TIBIX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. PMEFX charges 0.65%/yr vs 0.93%/yr for TIBIX.
Performance
PMEFX vs. TIBIX - Performance Comparison
Loading charts...
Returns By Period
PMEFX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -3.78%
- 3Y*
- 4.63%
- 5Y*
- 2.89%
- 10Y*
- —
- ALL TIME*
- 5.31%
TIBIX
- 1D
- -0.36%
- 1M
- 1.32%
- 6M
- 10.71%
- YTD
- 17.55%
- 1Y
- 32.43%
- 3Y*
- 24.62%
- 5Y*
- 16.61%
- 10Y*
- 12.37%
- ALL TIME*
- 10.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PMEFX vs. TIBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PMEFX Penn Mutual AM 1847 Income Fund | 0.00% | 1.11% | 9.80% | 9.80% | -4.30% | 9.78% | 6.47% |
TIBIX Thornburg Investment Income Builder Fund Class I | 17.55% | 37.01% | 13.48% | 18.28% | -7.69% | 20.36% | 14.19% |
Correlation
The correlation between PMEFX and TIBIX is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2020 | 0.65 |
Over the past year, the correlation between PMEFX and TIBIX has dropped to 0.23 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PMEFX vs. TIBIX — Risk / Return Rank
PMEFX
TIBIX
PMEFX vs. TIBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Penn Mutual AM 1847 Income Fund (PMEFX) and Thornburg Investment Income Builder Fund Class I (TIBIX). 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.
| PMEFX | TIBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.27 | ||
| Sortino ratioReturn per unit of downside risk | -5.88 | ||
| Omega ratioGain probability vs. loss probability | 0.68 | 1.69 | -1.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 6.05 | -6.71 |
| Martin ratioReturn relative to average drawdown | -0.83 | 22.20 | -23.03 |
Loading charts...
Drawdowns
PMEFX vs. TIBIX - Drawdown Comparison
The maximum PMEFX drawdown since its inception was -13.27%, smaller than the maximum TIBIX drawdown of -48.88%. Use the drawdown chart below to compare losses from any high point for PMEFX and TIBIX.
Loading charts...
Drawdown Indicators
| PMEFX | TIBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.27% | -48.88% | +35.61% |
Max Drawdown (1Y)Largest decline over 1 year | -7.19% | -5.39% | -1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -10.04% | -9.23% | -0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -12.12% | -20.79% | +8.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.85% | — |
Current DrawdownCurrent decline from peak | -7.19% | -0.36% | -6.83% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -5.93% | +2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.30% | 1.46% | +3.84% |
Volatility
PMEFX vs. TIBIX - Volatility Comparison
The current volatility for Penn Mutual AM 1847 Income Fund (PMEFX) is 0.00%, while Thornburg Investment Income Builder Fund Class I (TIBIX) has a volatility of 2.21%. This indicates that PMEFX experiences smaller price fluctuations and is considered to be less risky than TIBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PMEFX | TIBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 2.21% | -2.21% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 7.22% | -7.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.48% | 8.97% | -1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.83% | 11.16% | -3.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.61% | 13.42% | -5.81% |
PMEFX vs. TIBIX - Expense Ratio Comparison
PMEFX has a 0.65% expense ratio, which is lower than TIBIX's 0.93% expense ratio.
Dividends
PMEFX vs. TIBIX - Dividend Comparison
PMEFX's dividend yield for the trailing twelve months is around 5.89%, more than TIBIX's 5.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMEFX Penn Mutual AM 1847 Income Fund | 5.89% | 8.73% | 6.16% | 4.41% | 3.25% | 13.55% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIBIX Thornburg Investment Income Builder Fund Class I | 5.12% | 5.83% | 5.67% | 4.89% | 5.89% | 5.33% | 4.31% | 4.46% | 4.77% | 4.52% | 4.14% | 4.66% |
Frequently Asked Questions
PMEFX and TIBIX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TIBIX has higher volatility (2.21%) compared to PMEFX (0.00%). In terms of maximum drawdown, PMEFX dropped -13.27% vs TIBIX's -48.88%.
TIBIX currently has the higher Sharpe Ratio (3.63 vs -0.64), 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.
Find the right allocation for PMEFX and TIBIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer