TGVAX vs. TVAFX
Compare and contrast key facts about Thornburg International Equity Fund (TGVAX) and Thornburg Small/Mid Cap Core Fund (TVAFX).
TGVAX is managed by Thornburg. It was launched on May 28, 1998. TVAFX is managed by Thornburg. It was launched on Oct 2, 1995.
Performance
TGVAX vs. TVAFX - Performance Comparison
Loading graphics...
TGVAX vs. TVAFX - 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% |
TVAFX Thornburg Small/Mid Cap Core Fund | 2.92% | -0.93% | 19.41% | 13.14% | -19.55% | 13.45% | 11.84% | 28.88% | -9.70% | 23.33% |
Returns By Period
The year-to-date returns for both stocks are quite close, with TGVAX having a 3.01% return and TVAFX slightly lower at 2.92%. Over the past 10 years, TGVAX has outperformed TVAFX with an annualized return of 9.85%, while TVAFX has yielded a comparatively lower 8.19% 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%
TVAFX
- 1D
- 2.73%
- 1M
- -6.48%
- YTD
- 2.92%
- 6M
- 2.23%
- 1Y
- 14.70%
- 3Y*
- 11.11%
- 5Y*
- 2.94%
- 10Y*
- 8.19%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TGVAX vs. TVAFX - Expense Ratio Comparison
TGVAX has a 1.25% expense ratio, which is lower than TVAFX's 1.31% expense ratio.
Return for Risk
TGVAX vs. TVAFX — Risk / Return Rank
TGVAX
TVAFX
TGVAX vs. TVAFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg International Equity Fund (TGVAX) and Thornburg Small/Mid Cap Core Fund (TVAFX). 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 | TVAFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.74 | 0.67 | +1.07 |
Sortino ratioReturn per unit of downside risk | 2.28 | 1.09 | +1.19 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.15 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.34 | 1.04 | +1.30 |
Martin ratioReturn relative to average drawdown | 8.68 | 4.00 | +4.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| TGVAX | TVAFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | 0.67 | +1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.10 | +0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.33 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.41 | +0.11 |
Correlation
The correlation between TGVAX and TVAFX is 0.67, 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. TVAFX - Dividend Comparison
TGVAX's dividend yield for the trailing twelve months is around 3.44%, while TVAFX has not paid dividends to shareholders.
| 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% |
TVAFX Thornburg Small/Mid Cap Core Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% | 36.39% | 0.00% | 0.35% | 0.47% | 0.53% | 0.34% | 0.00% |
Drawdowns
TGVAX vs. TVAFX - Drawdown Comparison
The maximum TGVAX drawdown since its inception was -56.44%, roughly equal to the maximum TVAFX drawdown of -59.41%. Use the drawdown chart below to compare losses from any high point for TGVAX and TVAFX.
Loading graphics...
Drawdown Indicators
| TGVAX | TVAFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.44% | -59.41% | +2.97% |
Max Drawdown (1Y)Largest decline over 1 year | -10.34% | -14.64% | +4.30% |
Max Drawdown (5Y)Largest decline over 5 years | -39.96% | -46.05% | +6.09% |
Max Drawdown (10Y)Largest decline over 10 years | -39.96% | -46.05% | +6.09% |
Current DrawdownCurrent decline from peak | -8.15% | -20.70% | +12.55% |
Average DrawdownAverage peak-to-trough decline | -12.52% | -13.66% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 3.81% | -1.02% |
Volatility
TGVAX vs. TVAFX - Volatility Comparison
The current volatility for Thornburg International Equity Fund (TGVAX) is 5.73%, while Thornburg Small/Mid Cap Core Fund (TVAFX) has a volatility of 6.72%. This indicates that TGVAX experiences smaller price fluctuations and is considered to be less risky than TVAFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| TGVAX | TVAFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 6.72% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 13.04% | -3.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.80% | 22.87% | -8.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.56% | 29.03% | -12.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.67% | 24.63% | -7.96% |