TGVAX vs. JNJ

Last updated Apr 2, 2026

Compare and contrast key facts about Thornburg International Equity Fund (TGVAX) and Johnson & Johnson (JNJ).

TGVAX is managed by Thornburg. It was launched on May 28, 1998.

Performance

TGVAX vs. JNJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thornburg International Equity Fund (TGVAX) and Johnson & Johnson (JNJ). The values are adjusted to include any dividend payments, if applicable.

TGVAX vs. JNJ - 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%
JNJ Johnson & Johnson	18.59%	47.48%	-4.81%	-8.58%	5.97%	11.44%	10.82%	16.22%	-5.13%	24.43%

Returns By Period

In the year-to-date period, TGVAX achieves a 3.01% return, which is significantly lower than JNJ's 18.59% return. Over the past 10 years, TGVAX has underperformed JNJ with an annualized return of 9.85%, while JNJ has yielded a comparatively higher 11.40% annualized return.

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%

JNJ

• 1D: -0.13%
• 1M: -1.79%
• YTD: 18.59%
• 6M: 32.75%
• 1Y: 63.73%
• 3Y*: 19.86%
• 5Y*: 11.54%
• 10Y*: 11.40%

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

Return for Risk

TGVAX vs. JNJ — Risk / Return Rank

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

TGVAX

TGVAX Risk / Return Rank: 85
TGVAX Sharpe Ratio Rank: 86
TGVAX Sortino Ratio Rank: 84
TGVAX Omega Ratio Rank: 84
TGVAX Calmar Ratio Rank: 87
TGVAX Martin Ratio Rank: 82

JNJ

JNJ Risk / Return Rank: 97
JNJ Sharpe Ratio Rank: 98
JNJ Sortino Ratio Rank: 98
JNJ Omega Ratio Rank: 98
JNJ Calmar Ratio Rank: 95
JNJ Martin Ratio Rank: 97

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.

TGVAX vs. JNJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thornburg International Equity Fund (TGVAX) and Johnson & Johnson (JNJ). 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	JNJ	Difference
Sharpe ratio Return per unit of total volatility	1.74	3.67	-1.94
Sortino ratio Return per unit of downside risk	2.28	4.95	-2.67
Omega ratio Gain probability vs. loss probability	1.35	1.67	-0.31
Calmar ratio Return relative to maximum drawdown	2.34	6.09	-3.75
Martin ratio Return relative to average drawdown	8.68	20.41	-11.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TGVAX vs. JNJ - Sharpe Ratio Comparison

The current TGVAX Sharpe Ratio is 1.74, which is lower than the JNJ Sharpe Ratio of 3.67. The chart below compares the historical Sharpe Ratios of TGVAX and JNJ, 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

	TGVAX	JNJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	3.67	-1.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.70	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.62	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.54	-0.02

Correlation

The correlation between TGVAX and JNJ is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TGVAX vs. JNJ - Dividend Comparison

TGVAX's dividend yield for the trailing twelve months is around 3.44%, more than JNJ's 2.13% 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%
JNJ Johnson & Johnson	2.13%	2.48%	3.40%	3.00%	2.52%	2.45%	2.53%	2.57%	2.74%	2.38%	2.73%	2.87%

Drawdowns

TGVAX vs. JNJ - Drawdown Comparison

The maximum TGVAX drawdown since its inception was -56.44%, which is greater than JNJ's maximum drawdown of -50.67%. Use the drawdown chart below to compare losses from any high point for TGVAX and JNJ.

Drawdown Indicators

	TGVAX	JNJ	Difference
Max Drawdown Largest peak-to-trough decline	-56.44%	-50.67%	-5.77%
Max Drawdown (1Y) Largest decline over 1 year	-10.34%	-8.42%	-1.92%
Max Drawdown (5Y) Largest decline over 5 years	-39.96%	-18.41%	-21.55%
Max Drawdown (10Y) Largest decline over 10 years	-39.96%	-27.37%	-12.59%
Current Drawdown Current decline from peak	-8.15%	-1.79%	-6.36%
Average Drawdown Average peak-to-trough decline	-12.52%	-11.89%	-0.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	2.51%	+0.28%

Volatility

TGVAX vs. JNJ - Volatility Comparison

Thornburg International Equity Fund (TGVAX) has a higher volatility of 5.73% compared to Johnson & Johnson (JNJ) at 4.43%. This indicates that TGVAX's price experiences larger fluctuations and is considered to be riskier than JNJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TGVAX	JNJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.73%	4.43%	+1.30%
Volatility (6M) Calculated over the trailing 6-month period	9.70%	10.94%	-1.24%
Volatility (1Y) Calculated over the trailing 1-year period	14.80%	19.11%	-4.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.56%	16.67%	-0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.67%	18.33%	-1.66%