TBLD vs. XLY

Last updated Apr 2, 2026

Compare and contrast key facts about Thornburg Income Builder Opportunities Trust Common Stock (TBLD) and Consumer Discretionary Select Sector SPDR Fund (XLY).

XLY is a passively managed fund by State Street that tracks the performance of the Consumer Discretionary Select Sector Index. It was launched on Dec 16, 1998.

Performance

TBLD vs. XLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thornburg Income Builder Opportunities Trust Common Stock (TBLD) and Consumer Discretionary Select Sector SPDR Fund (XLY). The values are adjusted to include any dividend payments, if applicable.

TBLD vs. XLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TBLD Thornburg Income Builder Opportunities Trust Common Stock	7.39%	31.88%	14.02%	18.01%	-17.47%	-4.15%
XLY Consumer Discretionary Select Sector SPDR Fund	-9.25%	7.37%	26.51%	39.64%	-36.27%	12.56%

Returns By Period

In the year-to-date period, TBLD achieves a 7.39% return, which is significantly higher than XLY's -9.25% return.

TBLD

• 1D: 1.11%
• 1M: -3.66%
• YTD: 7.39%
• 6M: 10.41%
• 1Y: 27.71%
• 3Y*: 19.52%
• 5Y*: —
• 10Y*: —

XLY

• 1D: -1.50%
• 1M: -5.24%
• YTD: -9.25%
• 6M: -9.29%
• 1Y: 7.23%
• 3Y*: 14.37%
• 5Y*: 5.86%
• 10Y*: 11.80%

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

Return for Risk

TBLD vs. XLY — Risk / Return Rank

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

TBLD

TBLD Risk / Return Rank: 88
TBLD Sharpe Ratio Rank: 90
TBLD Sortino Ratio Rank: 86
TBLD Omega Ratio Rank: 90
TBLD Calmar Ratio Rank: 87
TBLD Martin Ratio Rank: 89

XLY

XLY Risk / Return Rank: 21
XLY Sharpe Ratio Rank: 19
XLY Sortino Ratio Rank: 21
XLY Omega Ratio Rank: 19
XLY Calmar Ratio Rank: 23
XLY Martin Ratio Rank: 23

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.

TBLD vs. XLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thornburg Income Builder Opportunities Trust Common Stock (TBLD) and Consumer Discretionary Select Sector SPDR Fund (XLY). 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.

	TBLD	XLY	Difference
Sharpe ratio Return per unit of total volatility	1.98	0.31	+1.67
Sortino ratio Return per unit of downside risk	2.53	0.63	+1.90
Omega ratio Gain probability vs. loss probability	1.40	1.08	+0.32
Calmar ratio Return relative to maximum drawdown	3.45	0.62	+2.83
Martin ratio Return relative to average drawdown	10.66	2.01	+8.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TBLD vs. XLY - Sharpe Ratio Comparison

The current TBLD Sharpe Ratio is 1.98, which is higher than the XLY Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of TBLD and XLY, 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

	TBLD	XLY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	0.31	+1.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.25	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.41	+0.20

Correlation

The correlation between TBLD and XLY is 0.50, 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

TBLD vs. XLY - Dividend Comparison

TBLD's dividend yield for the trailing twelve months is around 5.85%, more than XLY's 0.83% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TBLD Thornburg Income Builder Opportunities Trust Common Stock	5.85%	6.22%	8.32%	8.06%	8.02%	2.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLY Consumer Discretionary Select Sector SPDR Fund	0.83%	0.79%	0.72%	0.78%	1.00%	0.53%	0.82%	1.28%	1.34%	1.20%	1.71%	1.43%

Drawdowns

TBLD vs. XLY - Drawdown Comparison

The maximum TBLD drawdown since its inception was -33.65%, smaller than the maximum XLY drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for TBLD and XLY.

Drawdown Indicators

	TBLD	XLY	Difference
Max Drawdown Largest peak-to-trough decline	-33.65%	-59.05%	+25.40%
Max Drawdown (1Y) Largest decline over 1 year	-7.82%	-14.98%	+7.16%
Max Drawdown (5Y) Largest decline over 5 years	—	-39.67%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.67%	—
Current Drawdown Current decline from peak	-5.06%	-12.97%	+7.91%
Average Drawdown Average peak-to-trough decline	-9.32%	-9.58%	+0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	4.62%	-2.09%

Volatility

TBLD vs. XLY - Volatility Comparison

The current volatility for Thornburg Income Builder Opportunities Trust Common Stock (TBLD) is 5.52%, while Consumer Discretionary Select Sector SPDR Fund (XLY) has a volatility of 7.18%. This indicates that TBLD experiences smaller price fluctuations and is considered to be less risky than XLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TBLD	XLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.52%	7.18%	-1.66%
Volatility (6M) Calculated over the trailing 6-month period	8.03%	13.69%	-5.66%
Volatility (1Y) Calculated over the trailing 1-year period	14.10%	23.68%	-9.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.08%	23.73%	-8.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.08%	21.97%	-6.89%