TGVIX vs. TBWIX
Compare and contrast key facts about Thornburg International Equity I (TGVIX) and Thornburg Better World International Fund (TBWIX).
TGVIX is an actively managed fund by Thornburg. It was launched on Mar 30, 2001. TBWIX is managed by Thornburg. It was launched on Sep 30, 2015.
Performance
TGVIX vs. TBWIX - Performance Comparison
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TGVIX vs. TBWIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TGVIX Thornburg International Equity I | 3.08% | 34.20% | 11.60% | 16.01% | -16.74% | 7.59% | 22.64% | 29.09% | -19.85% | 25.52% |
TBWIX Thornburg Better World International Fund | -3.56% | 24.25% | 7.10% | 12.72% | -18.02% | 20.88% | 26.67% | 24.57% | -13.61% | 22.88% |
Returns By Period
In the year-to-date period, TGVIX achieves a 3.08% return, which is significantly higher than TBWIX's -3.56% return. Both investments have delivered pretty close results over the past 10 years, with TGVIX having a 10.17% annualized return and TBWIX not far behind at 9.98%.
TGVIX
- 1D
- 2.44%
- 1M
- -6.15%
- YTD
- 3.08%
- 6M
- 7.02%
- 1Y
- 25.54%
- 3Y*
- 18.36%
- 5Y*
- 8.73%
- 10Y*
- 10.17%
TBWIX
- 1D
- 2.41%
- 1M
- -7.51%
- YTD
- -3.56%
- 6M
- 0.38%
- 1Y
- 14.65%
- 3Y*
- 10.31%
- 5Y*
- 5.27%
- 10Y*
- 9.98%
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TGVIX vs. TBWIX - Expense Ratio Comparison
TGVIX has a 0.90% expense ratio, which is lower than TBWIX's 1.21% expense ratio.
Return for Risk
TGVIX vs. TBWIX — Risk / Return Rank
TGVIX
TBWIX
TGVIX vs. TBWIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg International Equity I (TGVIX) and Thornburg Better World International Fund (TBWIX). 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.
| TGVIX | TBWIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | 0.97 | +0.79 |
Sortino ratioReturn per unit of downside risk | 2.31 | 1.41 | +0.90 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.20 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 2.38 | 1.14 | +1.24 |
Martin ratioReturn relative to average drawdown | 8.82 | 4.55 | +4.28 |
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
| TGVIX | TBWIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 0.97 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.30 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.60 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.59 | -0.10 |
Correlation
The correlation between TGVIX and TBWIX is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TGVIX vs. TBWIX - Dividend Comparison
TGVIX's dividend yield for the trailing twelve months is around 3.56%, more than TBWIX's 1.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TGVIX Thornburg International Equity I | 3.56% | 3.67% | 6.91% | 2.37% | 2.01% | 14.20% | 3.11% | 6.36% | 1.76% | 17.06% | 1.90% | 18.62% |
TBWIX Thornburg Better World International Fund | 1.58% | 1.53% | 1.40% | 1.55% | 0.87% | 15.10% | 0.40% | 1.17% | 10.14% | 3.53% | 5.99% | 0.00% |
Drawdowns
TGVIX vs. TBWIX - Drawdown Comparison
The maximum TGVIX drawdown since its inception was -56.19%, which is greater than TBWIX's maximum drawdown of -40.11%. Use the drawdown chart below to compare losses from any high point for TGVIX and TBWIX.
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Drawdown Indicators
| TGVIX | TBWIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.19% | -40.11% | -16.08% |
Max Drawdown (1Y)Largest decline over 1 year | -10.32% | -12.01% | +1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -39.46% | -40.11% | +0.65% |
Max Drawdown (10Y)Largest decline over 10 years | -39.46% | -40.11% | +0.65% |
Current DrawdownCurrent decline from peak | -8.13% | -9.89% | +1.76% |
Average DrawdownAverage peak-to-trough decline | -12.17% | -10.32% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 3.01% | -0.23% |
Volatility
TGVIX vs. TBWIX - Volatility Comparison
Thornburg International Equity I (TGVIX) and Thornburg Better World International Fund (TBWIX) have volatilities of 5.76% and 5.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TGVIX | TBWIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 5.69% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 9.79% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.82% | 15.55% | -0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.43% | 17.58% | -1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.64% | 16.78% | -0.14% |