PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
TMPFX vs. BBBMX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TMPFX vs. BBBMX

Last updated Jun 4, 2026

TMPFX (Tactical Multi-Purpose Fund) and BBBMX (BBH Limited Duration Fund Class N) are both Ultrashort Bond funds. Over the past 5 years, TMPFX returned 2.67%/yr vs 3.91%/yr for BBBMX. At a correlation of -0.00, they often move in opposite directions. TMPFX charges 1.14%/yr vs 0.35%/yr for BBBMX.

Performance

TMPFX vs. BBBMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tactical Multi-Purpose Fund (TMPFX) and BBH Limited Duration Fund Class N (BBBMX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, TMPFX achieves a 1.52% return, which is significantly higher than BBBMX's 1.32% return.

TMPFX

1D
0.00%
1M
0.30%
YTD
1.52%
6M
1.78%
1Y
3.82%
3Y*
3.99%
5Y*
2.67%
10Y*
—

BBBMX

1D
0.00%
1M
0.35%
YTD
1.32%
6M
1.73%
1Y
4.62%
3Y*
6.23%
5Y*
3.91%
10Y*
3.36%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TMPFX vs. BBBMX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
TMPFX
Tactical Multi-Purpose Fund		1.52%3.71%4.26%3.90%0.51%-0.91%-0.60%0.30%-0.30%
BBBMX
BBH Limited Duration Fund Class N		1.32%5.54%6.81%7.44%-1.48%1.10%2.78%4.30%1.89%

Correlation

The correlation between TMPFX and BBBMX is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.01

Correlation (3Y)
Calculated over the trailing 3-year period

0.02

Correlation (5Y)
Calculated over the trailing 5-year period

0.01

Correlation (All Time)
Calculated using the full available price history since Jan 8, 2018

-0.00

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Tactical Multi-Purpose Fund

BBH Limited Duration Fund Class N

Often compared with TMPFX:
TMPFX vs. VUSBTMPFX vs. VBIRXTMPFX vs. FHCOXTMPFX vs. TSDOXTMPFX vs. BUSIXTMPFX vs. BBBIXTMPFX vs. MOOD
Often compared with BBBMX:
BBBMX vs. FHCOXBBBMX vs. BBBIXBBBMX vs. BBNIXBBBMX vs. BBMIXBBBMX vs. BBIIXBBBMX vs. AGGBBBMX vs. FIWDX

Return for Risk

TMPFX vs. BBBMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TMPFX
BBBMX
BBBMX Risk / Return Rank: 9696
Overall Rank
BBBMX Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
BBBMX Sortino Ratio Rank: 9999
Sortino Ratio Rank
BBBMX Omega Ratio Rank: 9898
Omega Ratio Rank
BBBMX Calmar Ratio Rank: 9898
Calmar Ratio Rank
BBBMX Martin Ratio Rank: 9898
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TMPFX vs. BBBMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tactical Multi-Purpose Fund (TMPFX) and BBH Limited Duration Fund Class N (BBBMX). 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.

TMPFXBBBMXDifference
Sharpe ratioReturn per unit of total volatility
6.81
2.87

+3.94

Sortino ratioReturn per unit of downside risk

—

8.28

—

Omega ratioGain probability vs. loss probability

—

2.54

—

Calmar ratioReturn relative to maximum drawdown

—

8.10

—

Martin ratioReturn relative to average drawdown

—

39.47

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TMPFX vs. BBBMX - Sharpe Ratio Comparison

The current TMPFX Sharpe Ratio is 6.81, which is higher than the BBBMX Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of TMPFX and BBBMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

TMPFXBBBMXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

6.81

2.87

+3.94

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.15

2.51

-1.37

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

2.28

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.81

1.22

-0.41

Drawdowns

TMPFX vs. BBBMX - Drawdown Comparison

The maximum TMPFX drawdown since its inception was -3.52%, smaller than the maximum BBBMX drawdown of -6.50%. Use the drawdown chart below to compare losses from any high point for TMPFX and BBBMX.

Loading charts...

Drawdown Indicators

TMPFXBBBMXDifference

Max Drawdown

Largest peak-to-trough decline

-3.52%

-6.50%

+2.98%

Max Drawdown (1Y)

Largest decline over 1 year

0.00%

-0.57%

+0.57%

Max Drawdown (3Y)

Largest decline over 3 years

-3.52%

-0.57%

-2.95%

Max Drawdown (5Y)

Largest decline over 5 years

-3.52%

-3.18%

-0.34%

Max Drawdown (10Y)

Largest decline over 10 years

—

-6.50%

—

Current Drawdown

Current decline from peak

0.00%

-0.10%

+0.10%

Average Drawdown

Average peak-to-trough decline

-0.65%

-0.57%

-0.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.00%

0.12%

-0.12%

Volatility

TMPFX vs. BBBMX - Volatility Comparison

The current volatility for Tactical Multi-Purpose Fund (TMPFX) is 0.16%, while BBH Limited Duration Fund Class N (BBBMX) has a volatility of 0.53%. This indicates that TMPFX experiences smaller price fluctuations and is considered to be less risky than BBBMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

TMPFXBBBMXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.16%

0.53%

-0.37%

Volatility (6M)

Calculated over the trailing 6-month period

0.39%

1.21%

-0.82%

Volatility (1Y)

Calculated over the trailing 1-year period

0.56%

1.61%

-1.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.33%

1.56%

+0.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1.81%

1.48%

+0.33%

TMPFX vs. BBBMX - Expense Ratio Comparison

TMPFX has a 1.14% expense ratio, which is higher than BBBMX's 0.35% expense ratio.

Dividends

TMPFX vs. BBBMX - Dividend Comparison

TMPFX's dividend yield for the trailing twelve months is around 3.75%, less than BBBMX's 4.52% yield.

PositionTTM20252024202320222021202020192018201720162015
BBBMX
BBH Limited Duration Fund Class N		4.52%4.60%4.80%4.23%1.78%1.29%2.03%2.93%2.57%1.99%2.00%1.72%
TMPFX
Tactical Multi-Purpose Fund		3.75%3.81%4.15%3.90%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

TMPFX and BBBMX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BBBMX has higher volatility (0.53%) compared to TMPFX (0.16%). In terms of maximum drawdown, TMPFX dropped -3.52% vs BBBMX's -6.50%.

TMPFX currently has the higher Sharpe Ratio (6.81 vs 2.87), 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.

Portfolio Optimizer

Find the right allocation for TMPFX and BBBMX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer