STEW vs. TIBIX

Last updated Apr 2, 2026

Compare and contrast key facts about SRH Total Return Fund Inc. (STEW) and Thornburg Investment Income Builder Fund Class I (TIBIX).

STEW is managed by SRH. TIBIX is an actively managed fund by Thornburg. It was launched on Dec 24, 2002.

Performance

STEW vs. TIBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SRH Total Return Fund Inc. (STEW) and Thornburg Investment Income Builder Fund Class I (TIBIX). The values are adjusted to include any dividend payments, if applicable.

STEW vs. TIBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
STEW SRH Total Return Fund Inc.	-5.65%	20.28%	19.90%	13.54%	-11.18%
TIBIX Thornburg Investment Income Builder Fund Class I	9.82%	37.01%	13.48%	18.28%	-5.81%

Returns By Period

In the year-to-date period, STEW achieves a -5.65% return, which is significantly lower than TIBIX's 9.82% return.

STEW

• 1D: 1.17%
• 1M: -2.59%
• YTD: -5.65%
• 6M: -2.55%
• 1Y: 4.23%
• 3Y*: 16.53%
• 5Y*: —
• 10Y*: —

TIBIX

• 1D: 1.69%
• 1M: -2.43%
• YTD: 9.82%
• 6M: 16.92%
• 1Y: 38.14%
• 3Y*: 24.21%
• 5Y*: 15.48%
• 10Y*: 12.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

STEW vs. TIBIX - Expense Ratio Comparison

STEW has a 2.28% expense ratio, which is higher than TIBIX's 0.93% expense ratio.

STEW

SRH Total Return Fund Inc.

TIBIX

Thornburg Investment Income Builder Fund Class I

Return for Risk

STEW vs. TIBIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

STEW

STEW Risk / Return Rank: 8
STEW Sharpe Ratio Rank: 8
STEW Sortino Ratio Rank: 8
STEW Omega Ratio Rank: 7
STEW Calmar Ratio Rank: 10
STEW Martin Ratio Rank: 10

TIBIX

TIBIX Risk / Return Rank: 98
TIBIX Sharpe Ratio Rank: 99
TIBIX Sortino Ratio Rank: 98
TIBIX Omega Ratio Rank: 98
TIBIX Calmar Ratio Rank: 98
TIBIX Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

STEW vs. TIBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SRH Total Return Fund Inc. (STEW) 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.

	STEW	TIBIX	Difference
Sharpe ratio Return per unit of total volatility	0.27	3.57	-3.30
Sortino ratio Return per unit of downside risk	0.49	4.54	-4.05
Omega ratio Gain probability vs. loss probability	1.07	1.79	-0.72
Calmar ratio Return relative to maximum drawdown	0.41	4.43	-4.02
Martin ratio Return relative to average drawdown	1.36	21.79	-20.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

STEW vs. TIBIX - Sharpe Ratio Comparison

The current STEW Sharpe Ratio is 0.27, which is lower than the TIBIX Sharpe Ratio of 3.57. The chart below compares the historical Sharpe Ratios of STEW and TIBIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	STEW	TIBIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	3.57	-3.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.40	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.75	-0.22

Correlation

The correlation between STEW and TIBIX is 0.65, 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

STEW vs. TIBIX - Dividend Comparison

STEW's dividend yield for the trailing twelve months is around 4.02%, less than TIBIX's 5.40% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
STEW SRH Total Return Fund Inc.	4.02%	3.56%	3.43%	3.60%	2.83%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TIBIX Thornburg Investment Income Builder Fund Class I	5.40%	5.83%	5.67%	4.89%	5.89%	5.33%	4.31%	4.46%	4.77%	4.52%	4.14%	4.66%

Drawdowns

STEW vs. TIBIX - Drawdown Comparison

The maximum STEW drawdown since its inception was -25.25%, smaller than the maximum TIBIX drawdown of -48.88%. Use the drawdown chart below to compare losses from any high point for STEW and TIBIX.

Drawdown Indicators

	STEW	TIBIX	Difference
Max Drawdown Largest peak-to-trough decline	-25.25%	-48.88%	+23.63%
Max Drawdown (1Y) Largest decline over 1 year	-10.50%	-8.58%	-1.92%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.79%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.85%	—
Current Drawdown Current decline from peak	-5.88%	-3.47%	-2.41%
Average Drawdown Average peak-to-trough decline	-5.43%	-6.00%	+0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	1.75%	+1.46%

Volatility

STEW vs. TIBIX - Volatility Comparison

SRH Total Return Fund Inc. (STEW) has a higher volatility of 4.70% compared to Thornburg Investment Income Builder Fund Class I (TIBIX) at 3.68%. This indicates that STEW's price experiences larger fluctuations and is considered to be riskier than TIBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STEW	TIBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.70%	3.68%	+1.02%
Volatility (6M) Calculated over the trailing 6-month period	8.73%	6.57%	+2.16%
Volatility (1Y) Calculated over the trailing 1-year period	15.80%	10.83%	+4.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.66%	11.11%	+4.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.66%	13.48%	+2.18%