TIBAX vs. PGEOX
Compare and contrast key facts about Thornburg Investment Income Builder Fund (TIBAX) and George Putnam Balanced Fund (PGEOX).
TIBAX is managed by Thornburg. It was launched on Dec 23, 2002. PGEOX is managed by Putnam. It was launched on Nov 5, 1937.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TIBAX or PGEOX.
Key characteristics
| TIBAX | PGEOX | |
|---|---|---|
| YTD Return | 10.79% | 18.17% |
| 1Y Return | 18.68% | 24.95% |
| 3Y Return (Ann) | 7.40% | 5.79% |
| 5Y Return (Ann) | 8.02% | 10.01% |
| 10Y Return (Ann) | 6.69% | 8.87% |
| Sharpe Ratio | 2.39 | 3.17 |
| Sortino Ratio | 3.35 | 4.49 |
| Omega Ratio | 1.44 | 1.60 |
| Calmar Ratio | 4.10 | 4.55 |
| Martin Ratio | 15.34 | 20.31 |
| Ulcer Index | 1.30% | 1.33% |
| Daily Std Dev | 8.37% | 8.50% |
| Max Drawdown | -46.73% | -49.24% |
| Current Drawdown | -4.68% | -0.59% |
Correlation
The correlation between TIBAX and PGEOX is 0.76, 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
TIBAX vs. PGEOX - Performance Comparison
In the year-to-date period, TIBAX achieves a 10.79% return, which is significantly lower than PGEOX's 18.17% return. Over the past 10 years, TIBAX has underperformed PGEOX with an annualized return of 6.69%, while PGEOX has yielded a comparatively higher 8.87% 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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TIBAX vs. PGEOX - Expense Ratio Comparison
TIBAX has a 1.14% expense ratio, which is higher than PGEOX's 0.94% expense ratio.
Risk-Adjusted Performance
TIBAX vs. PGEOX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Investment Income Builder Fund (TIBAX) and George Putnam Balanced Fund (PGEOX). 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
TIBAX vs. PGEOX - Dividend Comparison
TIBAX's dividend yield for the trailing twelve months is around 4.42%, more than PGEOX's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIBAX Thornburg Investment Income Builder Fund | 4.42% | 4.67% | 5.62% | 5.10% | 4.11% | 4.23% | 4.49% | 4.22% | 3.83% | 4.31% | 5.20% | 4.61% |
PGEOX George Putnam Balanced Fund | 1.20% | 1.10% | 0.89% | 0.61% | 1.05% | 2.58% | 1.43% | 1.10% | 1.18% | 1.13% | 1.26% | 1.31% |
Drawdowns
TIBAX vs. PGEOX - Drawdown Comparison
The maximum TIBAX drawdown since its inception was -46.73%, smaller than the maximum PGEOX drawdown of -49.24%. Use the drawdown chart below to compare losses from any high point for TIBAX and PGEOX. For additional features, visit the drawdowns tool.
Volatility
TIBAX vs. PGEOX - Volatility Comparison
The current volatility for Thornburg Investment Income Builder Fund (TIBAX) is 2.06%, while George Putnam Balanced Fund (PGEOX) has a volatility of 2.48%. This indicates that TIBAX experiences smaller price fluctuations and is considered to be less risky than PGEOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.