TGVIX vs. VTMGX
Compare and contrast key facts about Thornburg International Equity I (TGVIX) and Vanguard Developed Markets Index Fund Admiral Shares (VTMGX).
TGVIX is an actively managed fund by Thornburg. It was launched on Mar 30, 2001. VTMGX is managed by Vanguard. It was launched on Aug 17, 1999.
Performance
TGVIX vs. VTMGX - Performance Comparison
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TGVIX vs. VTMGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TGVIX Thornburg International Equity I | 0.62% | 34.20% | 11.60% | 16.01% | -16.74% | 7.59% | 22.64% | 29.09% | -19.85% | 25.52% |
VTMGX Vanguard Developed Markets Index Fund Admiral Shares | -0.48% | 35.17% | 3.03% | 17.65% | -15.33% | 11.39% | 10.25% | 22.04% | -14.48% | 26.39% |
Returns By Period
In the year-to-date period, TGVIX achieves a 0.62% return, which is significantly higher than VTMGX's -0.48% return. Over the past 10 years, TGVIX has outperformed VTMGX with an annualized return of 9.90%, while VTMGX has yielded a comparatively lower 8.99% annualized return.
TGVIX
- 1D
- -0.21%
- 1M
- -10.32%
- YTD
- 0.62%
- 6M
- 5.09%
- 1Y
- 22.85%
- 3Y*
- 17.41%
- 5Y*
- 8.48%
- 10Y*
- 9.90%
VTMGX
- 1D
- 0.05%
- 1M
- -11.62%
- YTD
- -0.48%
- 6M
- 5.23%
- 1Y
- 25.87%
- 3Y*
- 14.82%
- 5Y*
- 8.15%
- 10Y*
- 8.99%
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TGVIX vs. VTMGX - Expense Ratio Comparison
TGVIX has a 0.90% expense ratio, which is higher than VTMGX's 0.07% expense ratio.
Return for Risk
TGVIX vs. VTMGX — Risk / Return Rank
TGVIX
VTMGX
TGVIX vs. VTMGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg International Equity I (TGVIX) and Vanguard Developed Markets Index Fund Admiral Shares (VTMGX). 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 | VTMGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 1.51 | -0.03 |
Sortino ratioReturn per unit of downside risk | 1.97 | 2.01 | -0.05 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.30 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.99 | 2.01 | -0.02 |
Martin ratioReturn relative to average drawdown | 7.48 | 7.98 | -0.50 |
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 | VTMGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.51 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.52 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.55 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.28 | +0.20 |
Correlation
The correlation between TGVIX and VTMGX is 0.85, 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. VTMGX - Dividend Comparison
TGVIX's dividend yield for the trailing twelve months is around 3.64%, more than VTMGX's 3.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TGVIX Thornburg International Equity I | 3.64% | 3.67% | 6.91% | 2.37% | 2.01% | 14.20% | 3.11% | 6.36% | 1.76% | 17.06% | 1.90% | 18.62% |
VTMGX Vanguard Developed Markets Index Fund Admiral Shares | 3.01% | 3.20% | 3.34% | 3.14% | 2.88% | 3.14% | 2.02% | 3.03% | 3.33% | 2.77% | 3.06% | 2.91% |
Drawdowns
TGVIX vs. VTMGX - Drawdown Comparison
The maximum TGVIX drawdown since its inception was -56.19%, smaller than the maximum VTMGX drawdown of -60.58%. Use the drawdown chart below to compare losses from any high point for TGVIX and VTMGX.
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Drawdown Indicators
| TGVIX | VTMGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.19% | -60.58% | +4.39% |
Max Drawdown (1Y)Largest decline over 1 year | -10.32% | -11.67% | +1.35% |
Max Drawdown (5Y)Largest decline over 5 years | -39.46% | -29.71% | -9.75% |
Max Drawdown (10Y)Largest decline over 10 years | -39.46% | -35.68% | -3.78% |
Current DrawdownCurrent decline from peak | -10.32% | -11.62% | +1.30% |
Average DrawdownAverage peak-to-trough decline | -12.17% | -14.74% | +2.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.94% | -0.17% |
Volatility
TGVIX vs. VTMGX - Volatility Comparison
The current volatility for Thornburg International Equity I (TGVIX) is 5.28%, while Vanguard Developed Markets Index Fund Admiral Shares (VTMGX) has a volatility of 7.09%. This indicates that TGVIX experiences smaller price fluctuations and is considered to be less risky than VTMGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TGVIX | VTMGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.28% | 7.09% | -1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 9.41% | 10.91% | -1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.66% | 16.47% | -1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.39% | 15.60% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.62% | 16.42% | +0.20% |