TIBAX vs. WMRIX
TIBAX (Thornburg Investment Income Builder Fund) and WMRIX (Wilmington Real Asset Fund) are both Global Allocation funds. Over the past 10 years, TIBAX returned 12.00%/yr vs 5.47%/yr for WMRIX. A 0.63 correlation means they provide meaningful diversification when combined. TIBAX charges 1.14%/yr vs 0.64%/yr for WMRIX.
Performance
TIBAX vs. WMRIX - Performance Comparison
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Returns By Period
In the year-to-date period, TIBAX achieves a 16.02% return, which is significantly higher than WMRIX's 14.45% return. Over the past 10 years, TIBAX has outperformed WMRIX with an annualized return of 12.00%, while WMRIX has yielded a comparatively lower 5.47% annualized return.
TIBAX
- 1D
- -0.03%
- 1M
- -1.45%
- 6M
- 13.61%
- YTD
- 16.02%
- 1Y
- 32.04%
- 3Y*
- 24.47%
- 5Y*
- 15.98%
- 10Y*
- 12.00%
WMRIX
- 1D
- 0.79%
- 1M
- -0.14%
- 6M
- 10.93%
- YTD
- 14.45%
- 1Y
- 20.07%
- 3Y*
- 10.34%
- 5Y*
- 5.30%
- 10Y*
- 5.47%
TIBAX vs. WMRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIBAX Thornburg Investment Income Builder Fund | 16.02% | 36.62% | 13.23% | 18.01% | -7.95% | 20.08% | -0.67% | 17.72% | -4.54% | 14.83% |
WMRIX Wilmington Real Asset Fund | 14.45% | 12.79% | 2.57% | 1.12% | -8.03% | 21.49% | -2.19% | 16.85% | -7.21% | 11.81% |
Correlation
The correlation between TIBAX and WMRIX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2003 | 0.63 |
Over the past year, the correlation between TIBAX and WMRIX has dropped to 0.42 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
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Return for Risk
TIBAX vs. WMRIX — Risk / Return Rank
TIBAX
WMRIX
TIBAX vs. WMRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Investment Income Builder Fund (TIBAX) and Wilmington Real Asset Fund (WMRIX). 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.
| TIBAX | WMRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 1.41 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 5.95 | 2.86 | +3.09 |
| Martin ratioReturn relative to average drawdown | 21.99 | 9.75 | +12.25 |
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Drawdowns
TIBAX vs. WMRIX - Drawdown Comparison
The maximum TIBAX drawdown since its inception was -49.12%, which is greater than WMRIX's maximum drawdown of -37.84%. Use the drawdown chart below to compare losses from any high point for TIBAX and WMRIX.
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Drawdown Indicators
| TIBAX | WMRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.12% | -37.84% | -11.28% |
Max Drawdown (1Y)Largest decline over 1 year | -5.43% | -7.13% | +1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -9.20% | -10.95% | +1.75% |
Max Drawdown (5Y)Largest decline over 5 years | -20.94% | -22.03% | +1.09% |
Max Drawdown (10Y)Largest decline over 10 years | -34.85% | -31.27% | -3.58% |
Current DrawdownCurrent decline from peak | -1.61% | -4.17% | +2.56% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -7.16% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 2.09% | -0.62% |
Volatility
TIBAX vs. WMRIX - Volatility Comparison
Thornburg Investment Income Builder Fund (TIBAX) and Wilmington Real Asset Fund (WMRIX) have volatilities of 2.59% and 2.52%, 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 | WMRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 2.52% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.32% | 6.70% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.90% | 8.94% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.15% | 11.49% | -0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.38% | 12.50% | +0.88% |
TIBAX vs. WMRIX - Expense Ratio Comparison
TIBAX has a 1.14% expense ratio, which is higher than WMRIX's 0.64% expense ratio.
Dividends
TIBAX vs. WMRIX - Dividend Comparison
TIBAX's dividend yield for the trailing twelve months is around 4.99%, less than WMRIX's 6.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIBAX Thornburg Investment Income Builder Fund | 4.99% | 5.64% | 5.44% | 4.67% | 5.62% | 5.10% | 4.11% | 4.23% | 4.49% | 4.22% | 3.83% | 4.31% |
WMRIX Wilmington Real Asset Fund | 6.23% | 7.15% | 1.02% | 3.51% | 6.07% | 9.29% | 1.99% | 3.03% | 2.84% | 2.73% | 0.00% | 5.31% |
Frequently Asked Questions
TIBAX and WMRIX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TIBAX has higher volatility (2.59%) compared to WMRIX (2.52%). In terms of maximum drawdown, TIBAX dropped -49.12% vs WMRIX's -37.84%.
TIBAX currently has the higher Sharpe Ratio (3.64 vs 2.29), 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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