TIBAX vs. TIBIX
Compare and contrast key facts about Thornburg Investment Income Builder Fund (TIBAX) and Thornburg Investment Income Builder Fund Class I (TIBIX).
TIBAX is managed by Thornburg. It was launched on Dec 23, 2002. TIBIX is an actively managed fund by Thornburg. It was launched on Dec 24, 2002.
Performance
TIBAX vs. TIBIX - Performance Comparison
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TIBAX vs. TIBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIBAX Thornburg Investment Income Builder Fund | 9.81% | 36.62% | 13.23% | 18.01% | -7.95% | 20.08% | -0.67% | 17.72% | -4.54% | 14.83% |
TIBIX Thornburg Investment Income Builder Fund Class I | 9.82% | 37.01% | 13.48% | 18.28% | -7.69% | 20.36% | -0.40% | 18.01% | -4.31% | 15.23% |
Returns By Period
The year-to-date returns for both investments are quite close, with TIBAX having a 9.81% return and TIBIX slightly higher at 9.82%. Both investments have delivered pretty close results over the past 10 years, with TIBAX having a 11.89% annualized return and TIBIX not far ahead at 12.18%.
TIBAX
- 1D
- 1.70%
- 1M
- -2.45%
- YTD
- 9.81%
- 6M
- 16.81%
- 1Y
- 37.83%
- 3Y*
- 23.93%
- 5Y*
- 15.19%
- 10Y*
- 11.89%
TIBIX
- 1D
- 1.69%
- 1M
- -2.43%
- YTD
- 9.82%
- 6M
- 16.92%
- 1Y
- 38.14%
- 3Y*
- 24.21%
- 5Y*
- 15.48%
- 10Y*
- 12.18%
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TIBAX vs. TIBIX - Expense Ratio Comparison
TIBAX has a 1.14% expense ratio, which is higher than TIBIX's 0.93% expense ratio.
Return for Risk
TIBAX vs. TIBIX — Risk / Return Rank
TIBAX
TIBIX
TIBAX vs. TIBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Investment Income Builder Fund (TIBAX) and Thornburg Investment Income Builder Fund Class I (TIBIX). 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 | TIBIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.55 | 3.57 | -0.02 |
Sortino ratioReturn per unit of downside risk | 4.51 | 4.54 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.79 | 1.79 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 4.40 | 4.43 | -0.03 |
Martin ratioReturn relative to average drawdown | 21.51 | 21.79 | -0.28 |
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
| TIBAX | TIBIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.55 | 3.57 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.38 | 1.40 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.91 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.75 | +0.03 |
Correlation
The correlation between TIBAX and TIBIX is 1.00, 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
TIBAX vs. TIBIX - Dividend Comparison
TIBAX's dividend yield for the trailing twelve months is around 5.21%, less than TIBIX's 5.40% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIBAX Thornburg Investment Income Builder Fund | 5.21% | 5.64% | 5.44% | 4.67% | 5.62% | 5.10% | 4.11% | 4.23% | 4.49% | 4.22% | 3.83% | 4.31% |
TIBIX Thornburg Investment Income Builder Fund Class I | 5.40% | 5.83% | 5.67% | 4.89% | 5.89% | 5.33% | 4.31% | 4.46% | 4.77% | 4.52% | 4.14% | 4.66% |
Drawdowns
TIBAX vs. TIBIX - Drawdown Comparison
The maximum TIBAX drawdown since its inception was -49.12%, roughly equal to the maximum TIBIX drawdown of -48.88%. Use the drawdown chart below to compare losses from any high point for TIBAX and TIBIX.
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Drawdown Indicators
| TIBAX | TIBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.12% | -48.88% | -0.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.57% | -8.58% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -20.94% | -20.79% | -0.15% |
Max Drawdown (10Y)Largest decline over 10 years | -34.85% | -34.85% | 0.00% |
Current DrawdownCurrent decline from peak | -3.52% | -3.47% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -6.00% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 1.75% | 0.00% |
Volatility
TIBAX vs. TIBIX - Volatility Comparison
Thornburg Investment Income Builder Fund (TIBAX) and Thornburg Investment Income Builder Fund Class I (TIBIX) have volatilities of 3.65% and 3.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIBAX | TIBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 3.68% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 6.54% | 6.57% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.79% | 10.83% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.07% | 11.11% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.44% | 13.48% | -0.04% |