TBCUX vs. TBHDX
TBCUX (Tweedy, Browne International Value Fund II - Currency Unhedged) and TBHDX (Tweedy, Browne Worldwide High Dividend Yield Value Fund) are both mutual funds - TBCUX is a Foreign Large Cap Equities fund managed by Tweedy, Browne, while TBHDX is a Global Equities fund managed by Tweedy, Browne. Over the past 10 years, TBCUX returned 7.07%/yr vs 6.22%/yr for TBHDX. With a 0.95 correlation, they move nearly in lockstep. TBCUX charges 1.39%/yr vs 1.38%/yr for TBHDX.
Performance
TBCUX vs. TBHDX - Performance Comparison
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Returns By Period
In the year-to-date period, TBCUX achieves a 10.42% return, which is significantly higher than TBHDX's 5.12% return. Over the past 10 years, TBCUX has outperformed TBHDX with an annualized return of 7.07%, while TBHDX has yielded a comparatively lower 6.22% annualized return.
TBCUX
- 1D
- 0.33%
- 1M
- 4.02%
- YTD
- 10.42%
- 6M
- 12.99%
- 1Y
- 18.09%
- 3Y*
- 13.20%
- 5Y*
- 6.88%
- 10Y*
- 7.07%
TBHDX
- 1D
- 0.63%
- 1M
- 3.41%
- YTD
- 5.12%
- 6M
- 7.52%
- 1Y
- 11.52%
- 3Y*
- 11.51%
- 5Y*
- 5.02%
- 10Y*
- 6.22%
TBCUX vs. TBHDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TBCUX Tweedy, Browne International Value Fund II - Currency Unhedged | 10.42% | 26.69% | -2.49% | 12.70% | -8.18% | 10.77% | -0.02% | 13.68% | -9.00% | 21.61% |
TBHDX Tweedy, Browne Worldwide High Dividend Yield Value Fund | 5.12% | 21.81% | 0.20% | 12.36% | -12.11% | 11.65% | -4.40% | 18.60% | -5.83% | 17.26% |
Correlation
The correlation between TBCUX and TBHDX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2010 | 0.95 |
The correlation between TBCUX and TBHDX has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
TBCUX vs. TBHDX — Risk / Return Rank
TBCUX
TBHDX
TBCUX vs. TBHDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tweedy, Browne International Value Fund II - Currency Unhedged (TBCUX) and Tweedy, Browne Worldwide High Dividend Yield Value Fund (TBHDX). 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.
| TBCUX | TBHDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.18 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 0.92 | +0.61 |
| Martin ratioReturn relative to average drawdown | 4.80 | 2.77 | +2.03 |
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
| TBCUX | TBHDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 0.94 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.40 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.45 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.30 | +0.18 |
Drawdowns
TBCUX vs. TBHDX - Drawdown Comparison
The maximum TBCUX drawdown since its inception was -35.99%, smaller than the maximum TBHDX drawdown of -47.42%. Use the drawdown chart below to compare losses from any high point for TBCUX and TBHDX.
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Drawdown Indicators
| TBCUX | TBHDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.99% | -47.42% | +11.43% |
Max Drawdown (1Y)Largest decline over 1 year | -11.46% | -12.07% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -11.89% | -12.37% | +0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -24.05% | -26.94% | +2.89% |
Max Drawdown (10Y)Largest decline over 10 years | -35.99% | -33.57% | -2.42% |
Current DrawdownCurrent decline from peak | -2.48% | -3.92% | +1.44% |
Average DrawdownAverage peak-to-trough decline | -6.08% | -8.46% | +2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 3.98% | -0.35% |
Volatility
TBCUX vs. TBHDX - Volatility Comparison
Tweedy, Browne International Value Fund II - Currency Unhedged (TBCUX) and Tweedy, Browne Worldwide High Dividend Yield Value Fund (TBHDX) have volatilities of 3.45% and 3.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TBCUX | TBHDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 3.49% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.74% | 9.48% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.90% | 11.76% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.82% | 12.52% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.89% | 13.88% | +0.01% |
TBCUX vs. TBHDX - Expense Ratio Comparison
TBCUX has a 1.39% expense ratio, which is higher than TBHDX's 1.38% expense ratio.
Dividends
TBCUX vs. TBHDX - Dividend Comparison
TBCUX's dividend yield for the trailing twelve months is around 7.39%, less than TBHDX's 7.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBCUX Tweedy, Browne International Value Fund II - Currency Unhedged | 7.39% | 8.16% | 18.90% | 1.76% | 1.69% | 1.03% | 0.92% | 2.17% | 1.38% | 1.23% | 1.54% | 1.48% |
TBHDX Tweedy, Browne Worldwide High Dividend Yield Value Fund | 7.94% | 8.35% | 6.54% | 3.73% | 9.81% | 23.53% | 8.39% | 11.76% | 22.82% | 0.94% | 4.35% | 12.96% |
Frequently Asked Questions
With a correlation of 0.94, TBCUX and TBHDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TBHDX has higher volatility (3.49%) compared to TBCUX (3.45%). In terms of maximum drawdown, TBCUX dropped -35.99% vs TBHDX's -47.42%.
TBCUX currently has the higher Sharpe Ratio (1.47 vs 0.94), 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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