TPLS vs. TMB
TPLS (Thornburg Core Plus Bond ETF) and TMB (Thornburg Multi Sector Bond ETF) are both exchange-traded funds - TPLS is a Intermediate Core-Plus Bond fund actively managed by Thornburg, while TMB is a Multisector Bonds fund actively managed by Thornburg. Both are actively managed. Their correlation of 0.84 means they have usually moved in the same direction. TPLS charges 0.45%/yr vs 0.55%/yr for TMB.
Performance
TPLS vs. TMB - Performance Comparison
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Returns By Period
TPLS
- 1D
- -0.30%
- 1M
- -1.38%
- 6M
- -0.88%
- YTD
- -0.62%
- 1Y
- 1.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.28%
TMB
- 1D
- -0.20%
- 1M
- -0.71%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $601.84K | $953.39K | $1.85M | |
| $15.55K | $303.59K | $134.54K |
TPLS vs. TMB - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TPLS Thornburg Core Plus Bond ETF | -0.34% |
TMB Thornburg Multi Sector Bond ETF | 0.03% |
Correlation
The correlation between TPLS and TMB is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 26, 2026 | 0.84 |
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Return for Risk
TPLS vs. TMB — Risk / Return Rank
TPLS
TMB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TPLS vs. TMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Core Plus Bond ETF (TPLS) and Thornburg Multi Sector Bond ETF (TMB). 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.
| TPLS | TMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.13 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | — | — |
| Martin ratioReturn relative to average drawdown | 2.20 | — | — |
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Drawdowns
TPLS vs. TMB - Drawdown Comparison
The maximum TPLS drawdown since its inception was -3.04%, which is greater than TMB's maximum drawdown of -0.91%. Use the drawdown chart below to compare losses from any high point for TPLS and TMB.
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Drawdown Indicators
| TPLS | TMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.04% | -0.91% | -2.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.04% | — | — |
Current DrawdownCurrent decline from peak | -2.60% | -0.89% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -0.97% | -0.35% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | — | — |
Volatility
TPLS vs. TMB - Volatility Comparison
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Volatility by Period
| TPLS | TMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 3.19% | +0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.46% | 3.19% | +1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.46% | 3.19% | +1.27% |
TPLS vs. TMB - Expense Ratio Comparison
TPLS has a 0.45% expense ratio, which is lower than TMB's 0.55% expense ratio.
Dividends
TPLS vs. TMB - Dividend Comparison
TPLS's dividend yield for the trailing twelve months is around 4.87%, more than TMB's 1.13% yield.
| Position | TTM | 2025 |
|---|---|---|
TMB Thornburg Multi Sector Bond ETF | 1.13% | 0.00% |
TPLS Thornburg Core Plus Bond ETF | 4.87% | 4.28% |
Frequently Asked Questions
TPLS and TMB have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TPLS is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TPLS is cheaper with a 0.45% expense ratio, compared with 0.55% for TMB.
TPLS has the higher dividend yield at 4.87%, compared with 1.13% for TMB.
TPLS is categorized as Intermediate Core-Plus Bond, while TMB is Multisector Bonds. Their fees differ too: 0.45% for TPLS and 0.55% for TMB.
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