TMB vs. PSQO
TMB (Thornburg Multi Sector Bond ETF) and PSQO (Palmer Square Credit Opportunities ETF) are both Multisector Bonds funds. Both are actively managed. At a 0.45 correlation, their price movements are largely independent. TMB charges 0.55%/yr vs 0.52%/yr for PSQO.
Performance
TMB vs. PSQO - Performance Comparison
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Returns By Period
TMB
- 1D
- 0.16%
- 1M
- 0.68%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PSQO
- 1D
- -1.15%
- 1M
- -0.70%
- YTD
- 0.68%
- 6M
- 0.68%
- 1Y
- 4.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TMB vs. PSQO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TMB Thornburg Multi Sector Bond ETF | 0.68% |
PSQO Palmer Square Credit Opportunities ETF | -0.70% |
Correlation
The correlation between TMB and PSQO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 26, 2026 | 0.45 |
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Return for Risk
TMB vs. PSQO — Risk / Return Rank
TMB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PSQO
TMB vs. PSQO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Multi Sector Bond ETF (TMB) and Palmer Square Credit Opportunities ETF (PSQO). 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.
| TMB | PSQO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.54 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.43 | — |
| Martin ratioReturn relative to average drawdown | — | 23.38 | — |
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Drawdowns
TMB vs. PSQO - Drawdown Comparison
The maximum TMB drawdown since its inception was -0.59%, smaller than the maximum PSQO drawdown of -1.22%. Use the drawdown chart below to compare losses from any high point for TMB and PSQO.
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Drawdown Indicators
| TMB | PSQO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.59% | -1.22% | +0.63% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.22% | — |
Current DrawdownCurrent decline from peak | -0.14% | -1.22% | +1.08% |
Average DrawdownAverage peak-to-trough decline | -0.17% | -0.11% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.18% | — |
Volatility
TMB vs. PSQO - Volatility Comparison
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Volatility by Period
| TMB | PSQO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.23% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.68% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.52% | 1.93% | +1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.52% | 2.16% | +1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.52% | 2.16% | +1.36% |
TMB vs. PSQO - Expense Ratio Comparison
TMB has a 0.55% expense ratio, which is higher than PSQO's 0.52% expense ratio.
Dividends
TMB vs. PSQO - Dividend Comparison
TMB's dividend yield for the trailing twelve months is around 0.36%, less than PSQO's 3.38% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
PSQO Palmer Square Credit Opportunities ETF | 3.38% | 4.45% | 1.40% |
TMB Thornburg Multi Sector Bond ETF | 0.36% | 0.00% | 0.00% |
Frequently Asked Questions
TMB and PSQO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PSQO is cheaper at 0.52% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PSQO is cheaper with a 0.52% expense ratio, compared with 0.55% for TMB.
PSQO has the higher dividend yield at 3.38%, compared with 0.36% for TMB.
They also come from different issuers: Thornburg and Palmer Square. Their fees differ too: 0.55% for TMB and 0.52% for PSQO.
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