TBWIX vs. PWJZX
Compare and contrast key facts about Thornburg Better World International Fund (TBWIX) and PGIM Jennison International Opportunities Fund (PWJZX).
TBWIX is managed by Thornburg. It was launched on Sep 30, 2015. PWJZX is managed by PGIM Investments. It was launched on Jun 4, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TBWIX or PWJZX.
Key characteristics
| TBWIX | PWJZX | |
|---|---|---|
| YTD Return | 11.32% | 11.36% |
| 1Y Return | 14.53% | 24.54% |
| 3Y Return (Ann) | -0.22% | -7.45% |
| 5Y Return (Ann) | 11.58% | 10.71% |
| Sharpe Ratio | 1.28 | 1.38 |
| Daily Std Dev | 11.11% | 17.18% |
| Max Drawdown | -32.65% | -48.22% |
| Current Drawdown | -2.53% | -21.98% |
Correlation
The correlation between TBWIX and PWJZX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TBWIX vs. PWJZX - Performance Comparison
The year-to-date returns for both investments are quite close, with TBWIX having a 11.32% return and PWJZX slightly higher at 11.36%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TBWIX vs. PWJZX - Expense Ratio Comparison
TBWIX has a 1.21% expense ratio, which is higher than PWJZX's 0.90% expense ratio.
Risk-Adjusted Performance
TBWIX vs. PWJZX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Better World International Fund (TBWIX) and PGIM Jennison International Opportunities Fund (PWJZX). 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.
Dividends
TBWIX vs. PWJZX - Dividend Comparison
TBWIX's dividend yield for the trailing twelve months is around 1.39%, more than PWJZX's 0.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBWIX Thornburg Better World International Fund | 1.39% | 1.55% | 0.87% | 15.10% | 0.40% | 1.29% | 10.14% | 3.53% | 5.99% | 0.00% | 0.00% | 0.00% |
PWJZX PGIM Jennison International Opportunities Fund | 0.08% | 0.09% | 0.00% | 0.09% | 0.00% | 0.00% | 0.06% | 0.17% | 0.24% | 0.00% | 0.00% | 3.49% |
Drawdowns
TBWIX vs. PWJZX - Drawdown Comparison
The maximum TBWIX drawdown since its inception was -32.65%, smaller than the maximum PWJZX drawdown of -48.22%. Use the drawdown chart below to compare losses from any high point for TBWIX and PWJZX. For additional features, visit the drawdowns tool.
Volatility
TBWIX vs. PWJZX - Volatility Comparison
The current volatility for Thornburg Better World International Fund (TBWIX) is 2.40%, while PGIM Jennison International Opportunities Fund (PWJZX) has a volatility of 5.47%. This indicates that TBWIX experiences smaller price fluctuations and is considered to be less risky than PWJZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.