THNYX vs. THIMX
THNYX (Thornburg New York Intermediate Municipal Bond Fund) and THIMX (Thornburg Intermediate Municipal Fund) are both Municipal Bonds funds from Thornburg. Over the past 10 years, THNYX returned 1.40%/yr vs 1.92%/yr for THIMX. Their correlation of 0.86 suggests significant overlap in exposure. THNYX charges 0.99%/yr vs 0.77%/yr for THIMX.
Performance
THNYX vs. THIMX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with THNYX having a 1.80% return and THIMX slightly higher at 1.84%. Over the past 10 years, THNYX has underperformed THIMX with an annualized return of 1.40%, while THIMX has yielded a comparatively higher 1.92% annualized return.
THNYX
- 1D
- 0.00%
- 1M
- 1.27%
- YTD
- 1.80%
- 6M
- 2.05%
- 1Y
- 6.25%
- 3Y*
- 3.69%
- 5Y*
- 1.29%
- 10Y*
- 1.40%
THIMX
- 1D
- 0.00%
- 1M
- 1.45%
- YTD
- 1.84%
- 6M
- 2.15%
- 1Y
- 6.34%
- 3Y*
- 4.45%
- 5Y*
- 1.68%
- 10Y*
- 1.92%
THNYX vs. THIMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
THNYX Thornburg New York Intermediate Municipal Bond Fund | 1.80% | 4.91% | 1.55% | 4.29% | -5.82% | 0.33% | 2.99% | 4.76% | 0.30% | 2.67% |
THIMX Thornburg Intermediate Municipal Fund | 1.84% | 5.97% | 2.45% | 4.88% | -6.63% | 1.00% | 3.81% | 5.86% | 0.70% | 3.61% |
Correlation
The correlation between THNYX and THIMX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1998 | 0.86 |
The correlation between THNYX and THIMX has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
THNYX vs. THIMX — Risk / Return Rank
THNYX
THIMX
THNYX vs. THIMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg New York Intermediate Municipal Bond Fund (THNYX) and Thornburg Intermediate Municipal Fund (THIMX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| THNYX | THIMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.77 | 1.80 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 2.67 | +0.31 |
| Martin ratioReturn relative to average drawdown | 10.42 | 9.53 | +0.89 |
Loading charts...
Drawdowns
THNYX vs. THIMX - Drawdown Comparison
The maximum THNYX drawdown since its inception was -9.88%, roughly equal to the maximum THIMX drawdown of -10.22%. Use the drawdown chart below to compare losses from any high point for THNYX and THIMX.
Loading charts...
Drawdown Indicators
| THNYX | THIMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.88% | -10.22% | +0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -2.14% | -2.39% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -4.10% | -4.32% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -9.21% | -10.22% | +1.01% |
Max Drawdown (10Y)Largest decline over 10 years | -9.88% | -10.22% | +0.34% |
Current DrawdownCurrent decline from peak | -0.05% | -0.06% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -1.32% | -1.33% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.67% | -0.06% |
Volatility
THNYX vs. THIMX - Volatility Comparison
Thornburg New York Intermediate Municipal Bond Fund (THNYX) and Thornburg Intermediate Municipal Fund (THIMX) have volatilities of 0.60% and 0.61%, 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.
Loading charts...
Volatility by Period
| THNYX | THIMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 0.61% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.52% | 1.66% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.16% | 2.23% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.97% | 3.25% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.11% | 3.28% | -0.17% |
THNYX vs. THIMX - Expense Ratio Comparison
THNYX has a 0.99% expense ratio, which is higher than THIMX's 0.77% expense ratio.
Dividends
THNYX vs. THIMX - Dividend Comparison
THNYX's dividend yield for the trailing twelve months is around 3.08%, less than THIMX's 3.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
THIMX Thornburg Intermediate Municipal Fund | 3.67% | 4.82% | 4.03% | 2.60% | 2.40% | 2.25% | 2.39% | 2.62% | 2.48% | 2.18% | 2.04% | 2.08% |
THNYX Thornburg New York Intermediate Municipal Bond Fund | 3.08% | 4.06% | 3.39% | 2.00% | 1.95% | 1.80% | 1.94% | 2.45% | 2.57% | 2.49% | 2.31% | 2.15% |
Frequently Asked Questions
THNYX and THIMX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
THIMX has higher volatility (0.61%) compared to THNYX (0.60%). In terms of maximum drawdown, THNYX dropped -9.88% vs THIMX's -10.22%.
THNYX currently has the higher Sharpe Ratio (2.95 vs 2.86), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for THNYX and THIMX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer