Correlation
The correlation between TGVAX and SPEU is 0.65, 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.
TGVAX vs. SPEU
Compare and contrast key facts about Thornburg International Equity Fund (TGVAX) and SPDR Portfolio Europe ETF (SPEU).
TGVAX is managed by Thornburg. It was launched on May 28, 1998. SPEU is a passively managed fund by State Street that tracks the performance of the STOXX Europe Total Market. It was launched on Oct 15, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TGVAX or SPEU.
Performance
TGVAX vs. SPEU - Performance Comparison
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Key characteristics
TGVAX:
1.20
SPEU:
0.84
TGVAX:
1.79
SPEU:
1.41
TGVAX:
1.26
SPEU:
1.19
TGVAX:
1.68
SPEU:
1.17
TGVAX:
4.56
SPEU:
3.21
TGVAX:
4.41%
SPEU:
5.16%
TGVAX:
15.53%
SPEU:
17.32%
TGVAX:
-56.44%
SPEU:
-62.45%
TGVAX:
0.00%
SPEU:
0.00%
Returns By Period
In the year-to-date period, TGVAX achieves a 19.40% return, which is significantly lower than SPEU's 22.31% return. Over the past 10 years, TGVAX has outperformed SPEU with an annualized return of 6.90%, while SPEU has yielded a comparatively lower 6.32% annualized return.
TGVAX
19.40%
4.48%
16.19%
18.47%
14.79%
11.85%
6.90%
SPEU
22.31%
4.48%
19.10%
14.42%
12.92%
11.67%
6.32%
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TGVAX vs. SPEU - Expense Ratio Comparison
TGVAX has a 1.25% expense ratio, which is higher than SPEU's 0.09% expense ratio.
Risk-Adjusted Performance
TGVAX vs. SPEU — Risk-Adjusted Performance Rank
TGVAX
SPEU
TGVAX vs. SPEU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg International Equity Fund (TGVAX) and SPDR Portfolio Europe ETF (SPEU). 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.
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Dividends
TGVAX vs. SPEU - Dividend Comparison
TGVAX's dividend yield for the trailing twelve months is around 5.78%, more than SPEU's 2.70% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TGVAX Thornburg International Equity Fund | 5.78% | 6.90% | 2.23% | 1.69% | 14.24% | 2.98% | 6.44% | 1.45% | 17.24% | 1.67% | 18.63% | 10.35% |
SPEU SPDR Portfolio Europe ETF | 2.70% | 3.29% | 2.91% | 3.08% | 2.67% | 2.30% | 3.19% | 3.99% | 2.82% | 3.66% | 3.62% | 5.91% |
Drawdowns
TGVAX vs. SPEU - Drawdown Comparison
The maximum TGVAX drawdown since its inception was -56.44%, smaller than the maximum SPEU drawdown of -62.45%. Use the drawdown chart below to compare losses from any high point for TGVAX and SPEU.
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Volatility
TGVAX vs. SPEU - Volatility Comparison
The current volatility for Thornburg International Equity Fund (TGVAX) is 2.81%, while SPDR Portfolio Europe ETF (SPEU) has a volatility of 3.29%. This indicates that TGVAX experiences smaller price fluctuations and is considered to be less risky than SPEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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