THOIX vs. TSIIX
THOIX (Thornburg Global Opportunities Fund) and TSIIX (Thornburg Strategic Income Fund) are both mutual funds - THOIX is a Foreign Large Cap Equities fund managed by Thornburg, while TSIIX is a Multisector Bonds fund managed by Thornburg. Over the past 10 years, THOIX returned 13.78%/yr vs 4.04%/yr for TSIIX. Their 0.28 correlation means their historical movements had little consistent relationship. THOIX charges 0.99%/yr vs 0.60%/yr for TSIIX.
Performance
THOIX vs. TSIIX - Performance Comparison
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Returns By Period
In the year-to-date period, THOIX achieves a 13.88% return, which is significantly higher than TSIIX's 0.35% return. Over the past 10 years, THOIX has outperformed TSIIX with an annualized return of 13.78%, while TSIIX has yielded a comparatively lower 4.04% annualized return.
THOIX
- 1D
- 0.24%
- 1M
- 4.20%
- 6M
- 5.49%
- YTD
- 13.88%
- 1Y
- 31.83%
- 3Y*
- 23.47%
- 5Y*
- 14.02%
- 10Y*
- 13.78%
- ALL TIME*
- 10.55%
TSIIX
- 1D
- 0.18%
- 1M
- -0.79%
- 6M
- 0.11%
- YTD
- 0.35%
- 1Y
- 2.91%
- 3Y*
- 5.51%
- 5Y*
- 2.72%
- 10Y*
- 4.04%
- ALL TIME*
- 5.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
THOIX vs. TSIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
THOIX Thornburg Global Opportunities Fund | 13.88% | 41.04% | 13.08% | 16.26% | -10.12% | 14.72% | 22.50% | 28.74% | -20.72% | 22.03% |
TSIIX Thornburg Strategic Income Fund | 0.35% | 7.58% | 4.85% | 7.63% | -6.44% | 2.80% | 8.27% | 7.92% | 0.70% | 6.48% |
Correlation
The correlation between THOIX and TSIIX is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2007 | 0.28 |
The correlation between THOIX and TSIIX shifts across timeframes, from 0.14 (10 years) to 0.28 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
THOIX vs. TSIIX — Risk / Return Rank
THOIX
TSIIX
THOIX vs. TSIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Global Opportunities Fund (THOIX) and Thornburg Strategic Income Fund (TSIIX). 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.
| THOIX | TSIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.20 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.94 | 1.41 | +2.53 |
| Martin ratioReturn relative to average drawdown | 13.66 | 4.59 | +9.07 |
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Drawdowns
THOIX vs. TSIIX - Drawdown Comparison
The maximum THOIX drawdown since its inception was -64.58%, which is greater than TSIIX's maximum drawdown of -21.98%. Use the drawdown chart below to compare losses from any high point for THOIX and TSIIX.
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Drawdown Indicators
| THOIX | TSIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.58% | -21.98% | -42.60% |
Max Drawdown (1Y)Largest decline over 1 year | -8.62% | -2.14% | -6.48% |
Max Drawdown (3Y)Largest decline over 3 years | -13.71% | -2.56% | -11.15% |
Max Drawdown (5Y)Largest decline over 5 years | -30.18% | -9.40% | -20.78% |
Max Drawdown (10Y)Largest decline over 10 years | -35.22% | -9.58% | -25.64% |
Current DrawdownCurrent decline from peak | -0.73% | -0.99% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -11.40% | -1.64% | -9.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 0.65% | +1.83% |
Volatility
THOIX vs. TSIIX - Volatility Comparison
Thornburg Global Opportunities Fund (THOIX) has a higher volatility of 4.09% compared to Thornburg Strategic Income Fund (TSIIX) at 0.66%. This indicates that THOIX's price experiences larger fluctuations and is considered to be riskier than TSIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| THOIX | TSIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 0.66% | +3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 9.65% | 2.11% | +7.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.04% | 2.65% | +9.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.51% | 3.39% | +13.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.35% | 2.96% | +14.39% |
THOIX vs. TSIIX - Expense Ratio Comparison
THOIX has a 0.99% expense ratio, which is higher than TSIIX's 0.60% expense ratio.
Dividends
THOIX vs. TSIIX - Dividend Comparison
THOIX's dividend yield for the trailing twelve months is around 5.64%, more than TSIIX's 4.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
THOIX Thornburg Global Opportunities Fund | 5.64% | 6.42% | 5.70% | 5.70% | 4.00% | 14.39% | 6.70% | 1.47% | 2.65% | 0.67% | 0.82% | 0.59% |
TSIIX Thornburg Strategic Income Fund | 4.51% | 4.99% | 5.10% | 4.50% | 3.49% | 4.17% | 3.70% | 3.82% | 3.40% | 3.59% | 3.43% | 4.51% |
Frequently Asked Questions
THOIX and TSIIX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
THOIX has higher volatility (4.09%) compared to TSIIX (0.66%). In terms of maximum drawdown, THOIX dropped -64.58% vs TSIIX's -21.98%.
THOIX currently has the higher Sharpe Ratio (2.82 vs 1.14), 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.
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