TLDIX vs. TSIIX
Compare and contrast key facts about Thornburg Ultra Short Income Fund (TLDIX) and Thornburg Strategic Income Fund (TSIIX).
TLDIX is managed by Thornburg. It was launched on Dec 30, 2013. TSIIX is managed by Thornburg. It was launched on Dec 18, 2007.
Performance
TLDIX vs. TSIIX - Performance Comparison
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TLDIX vs. TSIIX - 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% |
TSIIX Thornburg Strategic Income Fund | -0.55% | 7.58% | 4.85% | 7.63% | -6.44% | 2.80% | 8.27% | 7.92% | 0.70% | 6.48% |
Returns By Period
In the year-to-date period, TLDIX achieves a 0.72% return, which is significantly higher than TSIIX's -0.55% return. Over the past 10 years, TLDIX has underperformed TSIIX with an annualized return of 2.78%, while TSIIX has yielded a comparatively higher 4.41% 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%
TSIIX
- 1D
- 0.26%
- 1M
- -1.89%
- YTD
- -0.55%
- 6M
- 0.63%
- 1Y
- 4.50%
- 3Y*
- 5.52%
- 5Y*
- 2.97%
- 10Y*
- 4.41%
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TLDIX vs. TSIIX - Expense Ratio Comparison
TLDIX has a 0.76% expense ratio, which is higher than TSIIX's 0.60% expense ratio.
Return for Risk
TLDIX vs. TSIIX — Risk / Return Rank
TLDIX
TSIIX
TLDIX vs. TSIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Ultra Short Income Fund (TLDIX) and Thornburg Strategic Income Fund (TSIIX). 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 | TSIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.49 | 1.60 | +1.88 |
Sortino ratioReturn per unit of downside risk | 15.85 | 2.42 | +13.42 |
Omega ratioGain probability vs. loss probability | 5.39 | 1.30 | +4.08 |
Calmar ratioReturn relative to maximum drawdown | 19.45 | 2.50 | +16.96 |
Martin ratioReturn relative to average drawdown | 86.69 | 8.95 | +77.74 |
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 | TSIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.49 | 1.60 | +1.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.52 | 0.89 | +1.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.20 | 1.51 | +0.70 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.06 | 1.39 | +0.67 |
Correlation
The correlation between TLDIX and TSIIX is 0.41, 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
TLDIX vs. TSIIX - Dividend Comparison
TLDIX's dividend yield for the trailing twelve months is around 4.23%, less than TSIIX's 4.52% 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% |
TSIIX Thornburg Strategic Income Fund | 4.52% | 4.99% | 5.10% | 4.50% | 3.49% | 4.17% | 3.70% | 3.82% | 3.40% | 3.59% | 3.43% | 4.51% |
Drawdowns
TLDIX vs. TSIIX - Drawdown Comparison
The maximum TLDIX drawdown since its inception was -3.43%, smaller than the maximum TSIIX drawdown of -21.98%. Use the drawdown chart below to compare losses from any high point for TLDIX and TSIIX.
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Drawdown Indicators
| TLDIX | TSIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.43% | -21.98% | +18.55% |
Max Drawdown (1Y)Largest decline over 1 year | -0.25% | -2.14% | +1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -1.39% | -9.40% | +8.01% |
Max Drawdown (10Y)Largest decline over 10 years | -3.43% | -9.58% | +6.15% |
Current DrawdownCurrent decline from peak | 0.00% | -1.89% | +1.89% |
Average DrawdownAverage peak-to-trough decline | -0.17% | -1.65% | +1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 0.60% | -0.54% |
Volatility
TLDIX vs. TSIIX - Volatility Comparison
The current volatility for Thornburg Ultra Short Income Fund (TLDIX) is 0.19%, while Thornburg Strategic Income Fund (TSIIX) has a volatility of 1.01%. This indicates that TLDIX experiences smaller price fluctuations and is considered to be less risky than TSIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLDIX | TSIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | 1.01% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 0.92% | 1.83% | -0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.38% | 3.13% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.31% | 3.34% | -2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.27% | 2.93% | -1.66% |