TIBAX vs. LGGA.DE

Last updated Jun 10, 2026

TIBAX (Thornburg Investment Income Builder Fund) and LGGA.DE (L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF) are both funds - TIBAX is a Global Allocation fund managed by Thornburg, while LGGA.DE is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific ex Japan All Cap ex CW ex TC ex REITS Dividend Growth with Quality. Over the past 3 years, TIBAX returned 25.33%/yr vs 21.31%/yr for LGGA.DE. A 0.58 correlation means they provide meaningful diversification when combined. TIBAX charges 1.14%/yr vs 0.40%/yr for LGGA.DE.

Performance

TIBAX vs. LGGA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thornburg Investment Income Builder Fund (TIBAX) and L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LGGA.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TIBAX is traded in USD, while LGGA.DE is traded in EUR. To make them comparable, the LGGA.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, TIBAX achieves a 15.13% return, which is significantly lower than LGGA.DE's 16.30% return.

TIBAX

• 1D: 0.21%
• 1M: -0.58%
• YTD: 15.13%
• 6M: 18.56%
• 1Y: 35.71%
• 3Y*: 25.33%
• 5Y*: 15.57%
• 10Y*: 12.26%

LGGA.DE

• 1D: -0.50%
• 1M: -1.20%
• YTD: 16.30%
• 6M: 17.34%
• 1Y: 35.89%
• 3Y*: 21.31%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TIBAX vs. LGGA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TIBAX Thornburg Investment Income Builder Fund	15.13%	36.62%	13.23%	18.01%	-7.95%	7.65%
LGGA.DE L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF	16.30%	36.78%	3.61%	8.82%	-9.13%	-3.23%

Correlation

The correlation between TIBAX and LGGA.DE is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021	0.58

The correlation between TIBAX and LGGA.DE has been stable across timeframes, ranging from 0.52 to 0.58 - a consistent structural relationship.

Return for Risk

TIBAX vs. LGGA.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TIBAX

TIBAX Risk / Return Rank: 97
TIBAX Sharpe Ratio Rank: 99
TIBAX Sortino Ratio Rank: 98
TIBAX Omega Ratio Rank: 96
TIBAX Calmar Ratio Rank: 97
TIBAX Martin Ratio Rank: 97

LGGA.DE

LGGA.DE Risk / Return Rank: 73
LGGA.DE Sharpe Ratio Rank: 75
LGGA.DE Sortino Ratio Rank: 74
LGGA.DE Omega Ratio Rank: 74
LGGA.DE Calmar Ratio Rank: 78
LGGA.DE Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TIBAX vs. LGGA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thornburg Investment Income Builder Fund (TIBAX) and L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LGGA.DE). 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.

	TIBAX	LGGA.DE	Difference
Sharpe ratio: Return per unit of total volatility	4.14	2.29	+1.84
Sortino ratio: Return per unit of downside risk	5.82	3.11	+2.71
Omega ratio: Gain probability vs. loss probability	1.82	1.40	+0.42
Calmar ratio: Return relative to maximum drawdown	6.59	3.41	+3.18
Martin ratio: Return relative to average drawdown	25.39	10.16	+15.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TIBAX vs. LGGA.DE - Sharpe Ratio Comparison

The current TIBAX Sharpe Ratio is 4.14, which is higher than the LGGA.DE Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of TIBAX and LGGA.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TIBAX	LGGA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.14	2.29	+1.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.40	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.91	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.61	+0.18

Drawdowns

TIBAX vs. LGGA.DE - Drawdown Comparison

The maximum TIBAX drawdown since its inception was -49.12%, which is greater than LGGA.DE's maximum drawdown of -26.04%. Use the drawdown chart below to compare losses from any high point for TIBAX and LGGA.DE.

Drawdown Indicators

	TIBAX	LGGA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-49.12%	-26.04%	-23.08%
Max Drawdown (1Y) Largest decline over 1 year	-5.43%	-10.84%	+5.41%
Max Drawdown (3Y) Largest decline over 3 years	-9.20%	-18.61%	+9.41%
Max Drawdown (5Y) Largest decline over 5 years	-20.94%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.85%	—	—
Current Drawdown Current decline from peak	-2.36%	-2.65%	+0.29%
Average Drawdown Average peak-to-trough decline	-5.99%	-6.74%	+0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.41%	3.65%	-2.24%

Volatility

TIBAX vs. LGGA.DE - Volatility Comparison

The current volatility for Thornburg Investment Income Builder Fund (TIBAX) is 3.32%, while L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LGGA.DE) has a volatility of 5.16%. This indicates that TIBAX experiences smaller price fluctuations and is considered to be less risky than LGGA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TIBAX	LGGA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	5.16%	-1.84%
Volatility (6M) Calculated over the trailing 6-month period	7.23%	12.87%	-5.64%
Volatility (1Y) Calculated over the trailing 1-year period	8.67%	16.24%	-7.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.15%	15.82%	-4.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.48%	15.82%	-2.34%

TIBAX vs. LGGA.DE - Expense Ratio Comparison

TIBAX has a 1.14% expense ratio, which is higher than LGGA.DE's 0.40% expense ratio.

Dividends

TIBAX vs. LGGA.DE - Dividend Comparison

TIBAX's dividend yield for the trailing twelve months is around 4.97%, more than LGGA.DE's 3.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LGGA.DE L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF	3.76%	4.29%	4.70%	5.40%	4.98%	1.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TIBAX Thornburg Investment Income Builder Fund	4.97%	5.64%	5.44%	4.67%	5.62%	5.10%	4.11%	4.23%	4.49%	4.22%	3.83%	4.31%

Frequently Asked Questions

Can I hold both TIBAX and LGGA.DE in my portfolio?

TIBAX and LGGA.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.