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.
Key characteristics
| THOIX | PRNEX | |
|---|---|---|
| YTD Return | 14.67% | 11.65% |
| 1Y Return | 22.29% | 15.89% |
| 3Y Return (Ann) | 0.00% | 6.57% |
| 5Y Return (Ann) | 6.77% | 9.29% |
| 10Y Return (Ann) | 5.77% | 4.01% |
| Sharpe Ratio | 1.99 | 1.16 |
| Sortino Ratio | 2.59 | 1.60 |
| Omega Ratio | 1.37 | 1.20 |
| Calmar Ratio | 1.12 | 1.74 |
| Martin Ratio | 11.46 | 5.03 |
| Ulcer Index | 1.98% | 3.28% |
| Daily Std Dev | 11.42% | 14.25% |
| Max Drawdown | -65.54% | -66.56% |
| Current Drawdown | -3.58% | -1.45% |
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.
Performance
THOIX vs. PRNEX - Performance Comparison
In the year-to-date period, THOIX achieves a 14.67% return, which is significantly higher than PRNEX's 11.65% return. Over the past 10 years, THOIX has outperformed PRNEX with an annualized return of 5.77%, while PRNEX has yielded a comparatively lower 4.01% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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 1.89%, less than PRNEX's 2.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
THOIX Thornburg Global Opportunities Fund | 1.89% | 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 | 2.86% | 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
The current volatility for Thornburg Global Opportunities Fund (THOIX) is 2.50%, while T. Rowe Price New Era Fund (PRNEX) has a volatility of 4.20%. This indicates that THOIX experiences smaller price fluctuations and is considered to be less risky than PRNEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.