TLDIX vs. LTMFX
Compare and contrast key facts about Thornburg Ultra Short Income Fund (TLDIX) and Thornburg Limited Term Municipal Fund (LTMFX).
TLDIX is managed by Thornburg. It was launched on Dec 30, 2013. LTMFX is managed by Thornburg. It was launched on Sep 27, 1984.
Performance
TLDIX vs. LTMFX - Performance Comparison
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TLDIX vs. LTMFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TLDIX Thornburg Ultra Short Income Fund | 0.72% | 4.84% | 5.81% | 4.92% | -0.00% | 0.32% | 3.26% | 3.87% | 1.90% | 1.39% |
LTMFX Thornburg Limited Term Municipal Fund | -0.28% | 5.74% | 1.84% | 3.83% | -5.27% | -0.18% | 2.97% | 3.81% | 1.00% | 2.29% |
Returns By Period
In the year-to-date period, TLDIX achieves a 0.72% return, which is significantly higher than LTMFX's -0.28% return. Over the past 10 years, TLDIX has outperformed LTMFX with an annualized return of 2.78%, while LTMFX has yielded a comparatively lower 1.37% annualized return.
TLDIX
- 1D
- 0.00%
- 1M
- 0.08%
- YTD
- 0.72%
- 6M
- 1.81%
- 1Y
- 4.33%
- 3Y*
- 4.97%
- 5Y*
- 3.28%
- 10Y*
- 2.78%
LTMFX
- 1D
- 0.07%
- 1M
- -1.89%
- YTD
- -0.28%
- 6M
- 0.38%
- 1Y
- 3.61%
- 3Y*
- 3.16%
- 5Y*
- 1.12%
- 10Y*
- 1.37%
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TLDIX vs. LTMFX - Expense Ratio Comparison
TLDIX has a 0.76% expense ratio, which is higher than LTMFX's 0.71% expense ratio.
Return for Risk
TLDIX vs. LTMFX — Risk / Return Rank
TLDIX
LTMFX
TLDIX vs. LTMFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Ultra Short Income Fund (TLDIX) and Thornburg Limited Term Municipal Fund (LTMFX). 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.
| TLDIX | LTMFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.49 | 1.34 | +2.15 |
Sortino ratioReturn per unit of downside risk | 15.85 | 1.86 | +13.99 |
Omega ratioGain probability vs. loss probability | 5.39 | 1.51 | +3.87 |
Calmar ratioReturn relative to maximum drawdown | 19.45 | 1.49 | +17.96 |
Martin ratioReturn relative to average drawdown | 86.69 | 6.83 | +79.87 |
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
| TLDIX | LTMFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.49 | 1.34 | +2.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.52 | 0.48 | +2.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.20 | 0.61 | +1.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.06 | 0.83 | +1.23 |
Correlation
The correlation between TLDIX and LTMFX is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
TLDIX vs. LTMFX - Dividend Comparison
TLDIX's dividend yield for the trailing twelve months is around 4.23%, more than LTMFX's 3.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLDIX Thornburg Ultra Short Income Fund | 4.23% | 4.89% | 5.64% | 4.12% | 2.12% | 1.53% | 2.32% | 2.82% | 2.37% | 1.62% | 1.24% | 0.89% |
LTMFX Thornburg Limited Term Municipal Fund | 3.25% | 4.28% | 3.60% | 2.11% | 1.62% | 1.27% | 1.54% | 1.78% | 1.83% | 1.64% | 1.57% | 1.56% |
Drawdowns
TLDIX vs. LTMFX - Drawdown Comparison
The maximum TLDIX drawdown since its inception was -3.43%, smaller than the maximum LTMFX drawdown of -8.40%. Use the drawdown chart below to compare losses from any high point for TLDIX and LTMFX.
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Drawdown Indicators
| TLDIX | LTMFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.43% | -8.40% | +4.97% |
Max Drawdown (1Y)Largest decline over 1 year | -0.25% | -2.95% | +2.70% |
Max Drawdown (5Y)Largest decline over 5 years | -1.39% | -8.40% | +7.01% |
Max Drawdown (10Y)Largest decline over 10 years | -3.43% | -8.40% | +4.97% |
Current DrawdownCurrent decline from peak | 0.00% | -1.89% | +1.89% |
Average DrawdownAverage peak-to-trough decline | -0.17% | -1.64% | +1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 0.64% | -0.58% |
Volatility
TLDIX vs. LTMFX - Volatility Comparison
The current volatility for Thornburg Ultra Short Income Fund (TLDIX) is 0.19%, while Thornburg Limited Term Municipal Fund (LTMFX) has a volatility of 0.58%. This indicates that TLDIX experiences smaller price fluctuations and is considered to be less risky than LTMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLDIX | LTMFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | 0.58% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 0.92% | 1.10% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.38% | 3.29% | -1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.31% | 2.32% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.27% | 2.26% | -0.99% |