TIBAX vs. XMMO
Compare and contrast key facts about Thornburg Investment Income Builder Fund (TIBAX) and Invesco S&P MidCap Momentum ETF (XMMO).
TIBAX is managed by Thornburg. It was launched on Dec 23, 2002. XMMO is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Mar 3, 2005.
Performance
TIBAX vs. XMMO - Performance Comparison
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TIBAX vs. XMMO - 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% |
XMMO Invesco S&P MidCap Momentum ETF | 6.86% | 13.04% | 38.03% | 20.39% | -16.02% | 16.69% | 29.17% | 36.78% | 6.12% | 37.18% |
Returns By Period
In the year-to-date period, TIBAX achieves a 9.81% return, which is significantly higher than XMMO's 6.86% return. Over the past 10 years, TIBAX has underperformed XMMO with an annualized return of 11.89%, while XMMO has yielded a comparatively higher 18.41% annualized return.
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%
XMMO
- 1D
- 1.85%
- 1M
- -2.62%
- YTD
- 6.86%
- 6M
- 9.51%
- 1Y
- 29.37%
- 3Y*
- 25.85%
- 5Y*
- 12.62%
- 10Y*
- 18.41%
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TIBAX vs. XMMO - Expense Ratio Comparison
TIBAX has a 1.14% expense ratio, which is higher than XMMO's 0.33% expense ratio.
Return for Risk
TIBAX vs. XMMO — Risk / Return Rank
TIBAX
XMMO
TIBAX vs. XMMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Investment Income Builder Fund (TIBAX) and Invesco S&P MidCap Momentum ETF (XMMO). 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 | XMMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.55 | 1.34 | +2.21 |
Sortino ratioReturn per unit of downside risk | 4.51 | 1.91 | +2.60 |
Omega ratioGain probability vs. loss probability | 1.79 | 1.27 | +0.52 |
Calmar ratioReturn relative to maximum drawdown | 4.40 | 2.41 | +1.99 |
Martin ratioReturn relative to average drawdown | 21.51 | 11.42 | +10.09 |
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 | XMMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.55 | 1.34 | +2.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.38 | 0.60 | +0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.89 | 0.83 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.55 | +0.23 |
Correlation
The correlation between TIBAX and XMMO is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TIBAX vs. XMMO - Dividend Comparison
TIBAX's dividend yield for the trailing twelve months is around 5.21%, more than XMMO's 0.70% 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% |
XMMO Invesco S&P MidCap Momentum ETF | 0.70% | 0.78% | 0.34% | 0.80% | 1.43% | 0.41% | 0.61% | 0.60% | 0.19% | 0.21% | 0.22% | 0.64% |
Drawdowns
TIBAX vs. XMMO - Drawdown Comparison
The maximum TIBAX drawdown since its inception was -49.12%, smaller than the maximum XMMO drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for TIBAX and XMMO.
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Drawdown Indicators
| TIBAX | XMMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.12% | -55.37% | +6.25% |
Max Drawdown (1Y)Largest decline over 1 year | -8.57% | -12.81% | +4.24% |
Max Drawdown (5Y)Largest decline over 5 years | -20.94% | -27.91% | +6.97% |
Max Drawdown (10Y)Largest decline over 10 years | -34.85% | -36.74% | +1.89% |
Current DrawdownCurrent decline from peak | -3.52% | -2.62% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -9.52% | +3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 2.70% | -0.95% |
Volatility
TIBAX vs. XMMO - Volatility Comparison
The current volatility for Thornburg Investment Income Builder Fund (TIBAX) is 3.65%, while Invesco S&P MidCap Momentum ETF (XMMO) has a volatility of 9.04%. This indicates that TIBAX experiences smaller price fluctuations and is considered to be less risky than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIBAX | XMMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 9.04% | -5.39% |
Volatility (6M)Calculated over the trailing 6-month period | 6.54% | 14.39% | -7.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.79% | 22.03% | -11.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.07% | 21.27% | -10.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.44% | 22.11% | -8.67% |