THOIX vs. PRNEX
Compare and contrast key facts about Thornburg Global Opportunities Fund (THOIX) and T. Rowe Price New Era Fund (PRNEX).
THOIX is managed by Thornburg. It was launched on Jul 28, 2006. PRNEX is managed by T. Rowe Price. It was launched on Jan 19, 1969.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: THOIX or PRNEX.
Performance
THOIX vs. PRNEX - Performance Comparison
Returns By Period
In the year-to-date period, THOIX achieves a 10.11% return, which is significantly lower than PRNEX's 15.15% return. Over the past 10 years, THOIX has outperformed PRNEX with an annualized return of 5.02%, while PRNEX has yielded a comparatively lower 4.28% annualized return.
THOIX
10.11%
-4.85%
-2.89%
18.39%
5.87%
5.02%
PRNEX
15.15%
4.56%
4.94%
17.81%
10.03%
4.28%
Key characteristics
| THOIX | PRNEX | |
|---|---|---|
| Sharpe Ratio | 1.70 | 1.26 |
| Sortino Ratio | 2.32 | 1.72 |
| Omega Ratio | 1.30 | 1.22 |
| Calmar Ratio | 0.94 | 1.88 |
| Martin Ratio | 8.86 | 5.43 |
| Ulcer Index | 2.07% | 3.28% |
| Daily Std Dev | 10.82% | 14.10% |
| Max Drawdown | -65.54% | -66.56% |
| Current Drawdown | -7.41% | 0.00% |
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THOIX vs. PRNEX - Expense Ratio Comparison
THOIX has a 0.99% expense ratio, which is higher than PRNEX's 0.56% expense ratio.
Correlation
The correlation between THOIX and PRNEX is 0.74, 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.
Risk-Adjusted Performance
THOIX vs. PRNEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Global Opportunities Fund (THOIX) and T. Rowe Price New Era Fund (PRNEX). 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.
Dividends
THOIX vs. PRNEX - Dividend Comparison
THOIX's dividend yield for the trailing twelve months is around 1.97%, less than PRNEX's 2.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
THOIX Thornburg Global Opportunities Fund | 1.97% | 2.17% | 1.45% | 1.66% | 0.24% | 0.56% | 2.65% | 0.67% | 0.82% | 0.59% | 0.40% | 0.96% |
PRNEX T. Rowe Price New Era Fund | 2.78% | 3.20% | 4.34% | 2.07% | 2.39% | 2.18% | 1.69% | 1.89% | 1.28% | 1.54% | 1.22% | 0.56% |
Drawdowns
THOIX vs. PRNEX - Drawdown Comparison
The maximum THOIX drawdown since its inception was -65.54%, roughly equal to the maximum PRNEX drawdown of -66.56%. Use the drawdown chart below to compare losses from any high point for THOIX and PRNEX. For additional features, visit the drawdowns tool.
Volatility
THOIX vs. PRNEX - Volatility Comparison
Thornburg Global Opportunities Fund (THOIX) and T. Rowe Price New Era Fund (PRNEX) have volatilities of 3.56% and 3.73%, 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.