TBWIX vs. PISIX
TBWIX (Thornburg Better World International Fund) and PISIX (PIMCO StocksPLUS International Fund (U.S. Dollar-Hedged)) are both Foreign Large Cap Equities funds. Over the past 10 years, TBWIX returned 10.35%/yr vs 12.11%/yr for PISIX. Their 0.59 correlation means they have sometimes moved together and sometimes differently. TBWIX charges 1.21%/yr vs 0.76%/yr for PISIX.
Performance
TBWIX vs. PISIX - Performance Comparison
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Returns By Period
In the year-to-date period, TBWIX achieves a 6.05% return, which is significantly lower than PISIX's 12.84% return. Over the past 10 years, TBWIX has underperformed PISIX with an annualized return of 10.35%, while PISIX has yielded a comparatively higher 12.11% annualized return.
TBWIX
- 1D
- 1.84%
- 1M
- 2.14%
- 6M
- 3.25%
- YTD
- 6.05%
- 1Y
- 14.99%
- 3Y*
- 11.34%
- 5Y*
- 5.36%
- 10Y*
- 10.35%
- ALL TIME*
- 10.55%
PISIX
- 1D
- 0.68%
- 1M
- -0.58%
- 6M
- 8.78%
- YTD
- 12.84%
- 1Y
- 20.98%
- 3Y*
- 16.47%
- 5Y*
- 12.02%
- 10Y*
- 12.11%
- ALL TIME*
- 10.20%
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 |
TBWIX vs. PISIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TBWIX Thornburg Better World International Fund | 6.05% | 24.25% | 7.10% | 12.72% | -18.02% | 20.88% | 26.67% | 24.57% | -13.61% | 22.88% |
PISIX PIMCO StocksPLUS International Fund (U.S. Dollar-Hedged) | 12.84% | 17.68% | 14.87% | 21.70% | -8.86% | 18.37% | 4.29% | 26.40% | -10.00% | 18.81% |
Correlation
The correlation between TBWIX and PISIX is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.59 |
The correlation between TBWIX and PISIX has been stable across timeframes, ranging from 0.59 to 0.66 - a consistent structural relationship.
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Return for Risk
TBWIX vs. PISIX — Risk / Return Rank
TBWIX
PISIX
TBWIX vs. PISIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Better World International Fund (TBWIX) and PIMCO StocksPLUS International Fund (U.S. Dollar-Hedged) (PISIX). 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.
| TBWIX | PISIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.27 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.78 | -0.63 |
| Martin ratioReturn relative to average drawdown | 3.71 | 6.29 | -2.58 |
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Drawdowns
TBWIX vs. PISIX - Drawdown Comparison
The maximum TBWIX drawdown since its inception was -40.11%, smaller than the maximum PISIX drawdown of -57.47%. Use the drawdown chart below to compare losses from any high point for TBWIX and PISIX.
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Drawdown Indicators
| TBWIX | PISIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.11% | -57.47% | +17.36% |
Max Drawdown (1Y)Largest decline over 1 year | -12.01% | -10.71% | -1.30% |
Max Drawdown (3Y)Largest decline over 3 years | -12.49% | -15.21% | +2.72% |
Max Drawdown (5Y)Largest decline over 5 years | -40.11% | -18.93% | -21.18% |
Max Drawdown (10Y)Largest decline over 10 years | -40.11% | -35.44% | -4.67% |
Current DrawdownCurrent decline from peak | -0.91% | -1.15% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -10.12% | -7.16% | -2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 3.02% | +0.69% |
Volatility
TBWIX vs. PISIX - Volatility Comparison
Thornburg Better World International Fund (TBWIX) and PIMCO StocksPLUS International Fund (U.S. Dollar-Hedged) (PISIX) have volatilities of 3.34% and 3.45%, 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
| TBWIX | PISIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 3.45% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 10.54% | 11.68% | -1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.12% | 14.78% | -1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 14.25% | +2.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.78% | 14.38% | +2.40% |
TBWIX vs. PISIX - Expense Ratio Comparison
TBWIX has a 1.21% expense ratio, which is higher than PISIX's 0.76% expense ratio.
Dividends
TBWIX vs. PISIX - Dividend Comparison
TBWIX's dividend yield for the trailing twelve months is around 1.44%, less than PISIX's 4.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PISIX PIMCO StocksPLUS International Fund (U.S. Dollar-Hedged) | 4.91% | 5.14% | 11.81% | 10.04% | 10.11% | 7.31% | 1.42% | 11.47% | 7.99% | 7.36% | 1.02% | 8.16% |
TBWIX Thornburg Better World International Fund | 1.44% | 1.53% | 1.40% | 1.55% | 0.87% | 15.10% | 0.40% | 1.17% | 10.14% | 3.53% | 5.99% | 0.00% |
Frequently Asked Questions
TBWIX and PISIX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PISIX has higher volatility (3.45%) compared to TBWIX (3.34%). In terms of maximum drawdown, TBWIX dropped -40.11% vs PISIX's -57.47%.
PISIX currently has the higher Sharpe Ratio (1.29 vs 1.05), 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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