THOIX vs. LTMFX
Compare and contrast key facts about Thornburg Global Opportunities Fund (THOIX) and Thornburg Limited Term Municipal Fund (LTMFX).
THOIX is managed by Thornburg. It was launched on Jul 28, 2006. LTMFX is managed by Thornburg. It was launched on Sep 27, 1984.
Performance
THOIX vs. LTMFX - Performance Comparison
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THOIX vs. LTMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
THOIX Thornburg Global Opportunities Fund | 1.01% | 41.04% | 13.08% | 16.26% | -10.12% | 14.72% | 22.50% | 28.74% | -20.72% | 22.03% |
LTMFX Thornburg Limited Term Municipal Fund | -0.28% | 5.74% | 1.84% | 3.83% | -5.27% | -0.18% | 2.97% | 3.81% | 1.00% | 2.29% |
Returns By Period
In the year-to-date period, THOIX achieves a 1.01% return, which is significantly higher than LTMFX's -0.28% return. Over the past 10 years, THOIX has outperformed LTMFX with an annualized return of 12.13%, while LTMFX has yielded a comparatively lower 1.37% annualized return.
THOIX
- 1D
- -0.39%
- 1M
- -8.12%
- YTD
- 1.01%
- 6M
- 7.53%
- 1Y
- 32.87%
- 3Y*
- 21.58%
- 5Y*
- 12.57%
- 10Y*
- 12.13%
LTMFX
- 1D
- 0.07%
- 1M
- -1.89%
- YTD
- -0.28%
- 6M
- 0.38%
- 1Y
- 3.61%
- 3Y*
- 3.16%
- 5Y*
- 1.12%
- 10Y*
- 1.37%
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THOIX vs. LTMFX - Expense Ratio Comparison
THOIX has a 0.99% expense ratio, which is higher than LTMFX's 0.71% expense ratio.
Return for Risk
THOIX vs. LTMFX — Risk / Return Rank
THOIX
LTMFX
THOIX vs. LTMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Global Opportunities Fund (THOIX) and Thornburg Limited Term Municipal Fund (LTMFX). 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.
| THOIX | LTMFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.27 | 1.34 | +0.93 |
Sortino ratioReturn per unit of downside risk | 2.95 | 1.86 | +1.09 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.51 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.62 | 1.49 | +1.13 |
Martin ratioReturn relative to average drawdown | 12.75 | 6.83 | +5.92 |
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
| THOIX | LTMFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.27 | 1.34 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.48 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.61 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.83 | -0.30 |
Correlation
The correlation between THOIX and LTMFX is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
THOIX vs. LTMFX - Dividend Comparison
THOIX's dividend yield for the trailing twelve months is around 6.36%, more than LTMFX's 3.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
THOIX Thornburg Global Opportunities Fund | 6.36% | 6.42% | 5.70% | 5.70% | 4.00% | 14.39% | 6.70% | 1.47% | 2.65% | 0.67% | 0.82% | 0.59% |
LTMFX Thornburg Limited Term Municipal Fund | 3.25% | 4.28% | 3.60% | 2.11% | 1.62% | 1.27% | 1.54% | 1.78% | 1.83% | 1.64% | 1.57% | 1.56% |
Drawdowns
THOIX vs. LTMFX - Drawdown Comparison
The maximum THOIX drawdown since its inception was -64.58%, which is greater than LTMFX's maximum drawdown of -8.40%. Use the drawdown chart below to compare losses from any high point for THOIX and LTMFX.
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Drawdown Indicators
| THOIX | LTMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.58% | -8.40% | -56.18% |
Max Drawdown (1Y)Largest decline over 1 year | -11.47% | -2.95% | -8.52% |
Max Drawdown (5Y)Largest decline over 5 years | -30.18% | -8.40% | -21.78% |
Max Drawdown (10Y)Largest decline over 10 years | -35.22% | -8.40% | -26.82% |
Current DrawdownCurrent decline from peak | -8.62% | -1.89% | -6.73% |
Average DrawdownAverage peak-to-trough decline | -11.56% | -1.64% | -9.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 0.64% | +1.74% |
Volatility
THOIX vs. LTMFX - Volatility Comparison
Thornburg Global Opportunities Fund (THOIX) has a higher volatility of 3.66% compared to Thornburg Limited Term Municipal Fund (LTMFX) at 0.58%. This indicates that THOIX's price experiences larger fluctuations and is considered to be riskier than LTMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| THOIX | LTMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 0.58% | +3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 8.43% | 1.10% | +7.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.22% | 3.29% | +10.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.38% | 2.32% | +14.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.50% | 2.26% | +15.24% |