Correlation
The correlation between TGVAX and SPY is 0.63, 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. SPY
Compare and contrast key facts about Thornburg International Equity Fund (TGVAX) and SPDR S&P 500 ETF (SPY).
TGVAX is managed by Thornburg. It was launched on May 28, 1998. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TGVAX or SPY.
Performance
TGVAX vs. SPY - Performance Comparison
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Key characteristics
TGVAX:
1.20
SPY:
0.68
TGVAX:
1.79
SPY:
1.11
TGVAX:
1.26
SPY:
1.16
TGVAX:
1.68
SPY:
0.75
TGVAX:
4.56
SPY:
2.86
TGVAX:
4.41%
SPY:
4.93%
TGVAX:
15.53%
SPY:
20.44%
TGVAX:
-56.44%
SPY:
-55.19%
TGVAX:
0.00%
SPY:
-3.01%
Returns By Period
In the year-to-date period, TGVAX achieves a 19.40% return, which is significantly higher than SPY's 1.44% return. Over the past 10 years, TGVAX has underperformed SPY with an annualized return of 6.90%, while SPY has yielded a comparatively higher 12.88% annualized return.
TGVAX
19.40%
4.48%
16.19%
18.47%
14.79%
11.85%
6.90%
SPY
1.44%
4.58%
-1.18%
13.82%
14.68%
15.35%
12.88%
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TGVAX vs. SPY - Expense Ratio Comparison
TGVAX has a 1.25% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
TGVAX vs. SPY — Risk-Adjusted Performance Rank
TGVAX
SPY
TGVAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg International Equity Fund (TGVAX) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
TGVAX's dividend yield for the trailing twelve months is around 5.78%, more than SPY's 1.21% 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% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
TGVAX vs. SPY - Drawdown Comparison
The maximum TGVAX drawdown since its inception was -56.44%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TGVAX and SPY.
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Volatility
TGVAX vs. SPY - Volatility Comparison
The current volatility for Thornburg International Equity Fund (TGVAX) is 2.81%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.85%. This indicates that TGVAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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