TGVAX vs. EPDIX
Compare and contrast key facts about Thornburg International Equity Fund (TGVAX) and EuroPac International Dividend Income Fund (EPDIX).
TGVAX is managed by Thornburg. It was launched on May 28, 1998. EPDIX is managed by Euro Pacific Asset Management. It was launched on Jan 9, 2014.
Performance
TGVAX vs. EPDIX - Performance Comparison
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TGVAX vs. EPDIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TGVAX Thornburg International Equity Fund | 3.01% | 33.81% | 11.24% | 15.77% | -17.04% | 7.25% | 22.59% | 28.67% | -20.08% | 25.03% |
EPDIX EuroPac International Dividend Income Fund | 8.52% | 62.35% | 0.87% | 7.85% | 1.53% | 8.04% | 9.23% | 13.33% | -10.74% | 15.81% |
Returns By Period
In the year-to-date period, TGVAX achieves a 3.01% return, which is significantly lower than EPDIX's 8.52% return. Both investments have delivered pretty close results over the past 10 years, with TGVAX having a 9.85% annualized return and EPDIX not far ahead at 10.12%.
TGVAX
- 1D
- 2.44%
- 1M
- -6.16%
- YTD
- 3.01%
- 6M
- 6.88%
- 1Y
- 25.17%
- 3Y*
- 18.03%
- 5Y*
- 8.40%
- 10Y*
- 9.85%
EPDIX
- 1D
- 2.50%
- 1M
- -6.57%
- YTD
- 8.52%
- 6M
- 18.81%
- 1Y
- 48.13%
- 3Y*
- 21.84%
- 5Y*
- 15.09%
- 10Y*
- 10.12%
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TGVAX vs. EPDIX - Expense Ratio Comparison
Both TGVAX and EPDIX have an expense ratio of 1.25%.
Return for Risk
TGVAX vs. EPDIX — Risk / Return Rank
TGVAX
EPDIX
TGVAX vs. EPDIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg International Equity Fund (TGVAX) and EuroPac International Dividend Income Fund (EPDIX). 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.
| TGVAX | EPDIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.74 | 3.01 | -1.27 |
Sortino ratioReturn per unit of downside risk | 2.28 | 3.56 | -1.28 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.57 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 2.34 | 4.43 | -2.09 |
Martin ratioReturn relative to average drawdown | 8.68 | 17.97 | -9.30 |
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
| TGVAX | EPDIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | 3.01 | -1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 1.08 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.68 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.47 | +0.05 |
Correlation
The correlation between TGVAX and EPDIX is 0.69, 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
TGVAX vs. EPDIX - Dividend Comparison
TGVAX's dividend yield for the trailing twelve months is around 3.44%, less than EPDIX's 6.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TGVAX Thornburg International Equity Fund | 3.44% | 3.54% | 6.90% | 2.23% | 1.69% | 14.24% | 2.98% | 6.60% | 1.45% | 17.24% | 1.67% | 18.63% |
EPDIX EuroPac International Dividend Income Fund | 6.55% | 7.71% | 4.09% | 3.32% | 2.81% | 2.31% | 1.92% | 2.68% | 3.00% | 2.93% | 2.47% | 3.88% |
Drawdowns
TGVAX vs. EPDIX - Drawdown Comparison
The maximum TGVAX drawdown since its inception was -56.44%, which is greater than EPDIX's maximum drawdown of -38.23%. Use the drawdown chart below to compare losses from any high point for TGVAX and EPDIX.
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Drawdown Indicators
| TGVAX | EPDIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.44% | -38.23% | -18.21% |
Max Drawdown (1Y)Largest decline over 1 year | -10.34% | -10.92% | +0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -39.96% | -20.98% | -18.98% |
Max Drawdown (10Y)Largest decline over 10 years | -39.96% | -32.84% | -7.12% |
Current DrawdownCurrent decline from peak | -8.15% | -7.22% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -12.52% | -10.88% | -1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.69% | +0.10% |
Volatility
TGVAX vs. EPDIX - Volatility Comparison
The current volatility for Thornburg International Equity Fund (TGVAX) is 5.73%, while EuroPac International Dividend Income Fund (EPDIX) has a volatility of 7.10%. This indicates that TGVAX experiences smaller price fluctuations and is considered to be less risky than EPDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TGVAX | EPDIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 7.10% | -1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 11.60% | -1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.80% | 16.22% | -1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.56% | 14.05% | +2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.67% | 14.88% | +1.79% |