THOIX vs. PZRIX
Compare and contrast key facts about Thornburg Global Opportunities Fund (THOIX) and PIMCO RAE Global ex-US Fund (PZRIX).
THOIX is managed by Thornburg. It was launched on Jul 28, 2006. PZRIX is managed by PIMCO. It was launched on Jun 4, 2015.
Performance
THOIX vs. PZRIX - Performance Comparison
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THOIX vs. PZRIX - 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% |
PZRIX PIMCO RAE Global ex-US Fund | 7.89% | 34.05% | 3.29% | 19.31% | -9.11% | 12.08% | 1.74% | 15.94% | -14.93% | 26.00% |
Returns By Period
In the year-to-date period, THOIX achieves a 1.01% return, which is significantly lower than PZRIX's 7.89% return. Over the past 10 years, THOIX has outperformed PZRIX with an annualized return of 12.13%, while PZRIX has yielded a comparatively lower 9.95% 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%
PZRIX
- 1D
- 0.41%
- 1M
- -6.89%
- YTD
- 7.89%
- 6M
- 16.45%
- 1Y
- 34.85%
- 3Y*
- 18.91%
- 5Y*
- 10.55%
- 10Y*
- 9.95%
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THOIX vs. PZRIX - Expense Ratio Comparison
THOIX has a 0.99% expense ratio, which is higher than PZRIX's 0.00% expense ratio.
Return for Risk
THOIX vs. PZRIX — Risk / Return Rank
THOIX
PZRIX
THOIX vs. PZRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Global Opportunities Fund (THOIX) and PIMCO RAE Global ex-US Fund (PZRIX). 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 | PZRIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.27 | 2.41 | -0.14 |
Sortino ratioReturn per unit of downside risk | 2.95 | 3.09 | -0.14 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.47 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.62 | 2.70 | -0.08 |
Martin ratioReturn relative to average drawdown | 12.75 | 12.87 | -0.12 |
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 | PZRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.27 | 2.41 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.67 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.59 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.58 | -0.05 |
Correlation
The correlation between THOIX and PZRIX is 0.80, 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
THOIX vs. PZRIX - Dividend Comparison
THOIX's dividend yield for the trailing twelve months is around 6.36%, more than PZRIX's 6.08% 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% |
PZRIX PIMCO RAE Global ex-US Fund | 6.08% | 6.56% | 6.70% | 9.19% | 8.80% | 11.99% | 2.04% | 6.32% | 2.80% | 4.13% | 2.58% | 0.00% |
Drawdowns
THOIX vs. PZRIX - Drawdown Comparison
The maximum THOIX drawdown since its inception was -64.58%, which is greater than PZRIX's maximum drawdown of -43.53%. Use the drawdown chart below to compare losses from any high point for THOIX and PZRIX.
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Drawdown Indicators
| THOIX | PZRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.58% | -43.53% | -21.05% |
Max Drawdown (1Y)Largest decline over 1 year | -11.47% | -10.68% | -0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -30.18% | -30.85% | +0.67% |
Max Drawdown (10Y)Largest decline over 10 years | -35.22% | -43.53% | +8.31% |
Current DrawdownCurrent decline from peak | -8.62% | -6.96% | -1.66% |
Average DrawdownAverage peak-to-trough decline | -11.56% | -9.00% | -2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 2.53% | -0.15% |
Volatility
THOIX vs. PZRIX - Volatility Comparison
The current volatility for Thornburg Global Opportunities Fund (THOIX) is 3.66%, while PIMCO RAE Global ex-US Fund (PZRIX) has a volatility of 5.02%. This indicates that THOIX experiences smaller price fluctuations and is considered to be less risky than PZRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| THOIX | PZRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.66% | 5.02% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 8.43% | 8.77% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.22% | 14.09% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.38% | 15.83% | +0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.50% | 17.01% | +0.49% |