TIBIX vs. IBM
TIBIX (Thornburg Investment Income Builder Fund Class I) is Diversified Portfolio fund actively managed by Thornburg, while IBM (International Business Machines Corporation) is a stock. Over the past 10 years, TIBIX returned 12.93%/yr vs 11.23%/yr for IBM. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
TIBIX vs. IBM - Performance Comparison
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Returns By Period
In the year-to-date period, TIBIX achieves a 17.03% return, which is significantly higher than IBM's -4.92% return. Over the past 10 years, TIBIX has outperformed IBM with an annualized return of 12.93%, while IBM has yielded a comparatively lower 11.23% annualized return.
TIBIX
- 1D
- -0.47%
- 1M
- -0.04%
- YTD
- 17.03%
- 6M
- 17.17%
- 1Y
- 34.68%
- 3Y*
- 25.78%
- 5Y*
- 16.28%
- 10Y*
- 12.93%
IBM
- 1D
- 2.35%
- 1M
- -6.65%
- YTD
- -4.92%
- 6M
- -7.88%
- 1Y
- -1.58%
- 3Y*
- 31.78%
- 5Y*
- 19.26%
- 10Y*
- 11.23%
TIBIX vs. IBM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIBIX Thornburg Investment Income Builder Fund Class I | 17.03% | 37.01% | 13.48% | 18.28% | -7.69% | 20.36% | -0.40% | 18.01% | -4.31% | 15.23% |
IBM International Business Machines Corporation | -4.92% | 38.23% | 39.27% | 21.85% | 10.64% | 16.65% | -1.16% | 23.58% | -22.56% | -3.99% |
Correlation
The correlation between TIBIX and IBM is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2003 | 0.51 |
Over the past year, the correlation between TIBIX and IBM has dropped to 0.16 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
TIBIX vs. IBM — Risk / Return Rank
TIBIX
IBM
TIBIX vs. IBM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Investment Income Builder Fund Class I (TIBIX) and International Business Machines Corporation (IBM). 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.
| TIBIX | IBM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.03 | ||
| Sortino ratioReturn per unit of downside risk | +5.44 | ||
| Omega ratioGain probability vs. loss probability | 1.78 | 1.03 | +0.75 |
| Calmar ratioReturn relative to maximum drawdown | 6.52 | -0.05 | +6.58 |
| Martin ratioReturn relative to average drawdown | 24.88 | -0.11 | +24.99 |
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Drawdowns
TIBIX vs. IBM - Drawdown Comparison
The maximum TIBIX drawdown since its inception was -48.88%, smaller than the maximum IBM drawdown of -69.40%. Use the drawdown chart below to compare losses from any high point for TIBIX and IBM.
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Drawdown Indicators
| TIBIX | IBM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.88% | -69.40% | +20.52% |
Max Drawdown (1Y)Largest decline over 1 year | -5.39% | -30.96% | +25.57% |
Max Drawdown (3Y)Largest decline over 3 years | -9.23% | -30.96% | +21.73% |
Max Drawdown (5Y)Largest decline over 5 years | -20.79% | -30.96% | +10.17% |
Max Drawdown (10Y)Largest decline over 10 years | -34.85% | -40.59% | +5.74% |
Current DrawdownCurrent decline from peak | -0.78% | -15.56% | +14.78% |
Average DrawdownAverage peak-to-trough decline | -5.95% | -20.12% | +14.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 14.93% | -13.52% |
Volatility
TIBIX vs. IBM - Volatility Comparison
The current volatility for Thornburg Investment Income Builder Fund Class I (TIBIX) is 3.03%, while International Business Machines Corporation (IBM) has a volatility of 20.53%. This indicates that TIBIX experiences smaller price fluctuations and is considered to be less risky than IBM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIBIX | IBM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 20.53% | -17.50% |
Volatility (6M)Calculated over the trailing 6-month period | 7.21% | 35.97% | -28.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.84% | 40.56% | -31.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.19% | 27.49% | -16.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.45% | 26.69% | -13.24% |
Dividends
TIBIX vs. IBM - Dividend Comparison
TIBIX's dividend yield for the trailing twelve months is around 5.14%, more than IBM's 2.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBM International Business Machines Corporation | 2.42% | 2.27% | 3.03% | 4.05% | 4.68% | 4.74% | 5.17% | 4.80% | 5.46% | 3.85% | 3.31% | 3.63% |
TIBIX Thornburg Investment Income Builder Fund Class I | 5.14% | 5.83% | 5.67% | 4.89% | 5.89% | 5.33% | 4.31% | 4.46% | 4.77% | 4.52% | 4.14% | 4.66% |
Frequently Asked Questions
TIBIX and IBM have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBM has higher volatility (20.53%) compared to TIBIX (3.03%). In terms of maximum drawdown, TIBIX dropped -48.88% vs IBM's -69.40%.
TIBIX currently has the higher Sharpe Ratio (3.99 vs -0.04), 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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