TSIIX vs. FCFAX
Compare and contrast key facts about Thornburg Strategic Income Fund (TSIIX) and Frost Credit Fund (FCFAX).
TSIIX is managed by Thornburg. It was launched on Dec 18, 2007. FCFAX is managed by Frost Funds. It was launched on Dec 3, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TSIIX or FCFAX.
Key characteristics
| TSIIX | FCFAX | |
|---|---|---|
| YTD Return | 4.90% | 7.93% |
| 1Y Return | 9.50% | 12.97% |
| 3Y Return (Ann) | 1.82% | 3.45% |
| 5Y Return (Ann) | 3.53% | 4.62% |
| 10Y Return (Ann) | 3.43% | 4.15% |
| Sharpe Ratio | 2.45 | 4.95 |
| Sortino Ratio | 3.82 | 8.41 |
| Omega Ratio | 1.48 | 2.17 |
| Calmar Ratio | 2.50 | 6.25 |
| Martin Ratio | 12.53 | 43.14 |
| Ulcer Index | 0.72% | 0.29% |
| Daily Std Dev | 3.67% | 2.57% |
| Max Drawdown | -24.71% | -16.33% |
| Current Drawdown | -1.44% | -0.25% |
Correlation
The correlation between TSIIX and FCFAX is 0.56, 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.
Performance
TSIIX vs. FCFAX - Performance Comparison
In the year-to-date period, TSIIX achieves a 4.90% return, which is significantly lower than FCFAX's 7.93% return. Over the past 10 years, TSIIX has underperformed FCFAX with an annualized return of 3.43%, while FCFAX has yielded a comparatively higher 4.15% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TSIIX vs. FCFAX - Expense Ratio Comparison
TSIIX has a 0.60% expense ratio, which is lower than FCFAX's 0.96% expense ratio.
Risk-Adjusted Performance
TSIIX vs. FCFAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Strategic Income Fund (TSIIX) and Frost Credit Fund (FCFAX). 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.
Dividends
TSIIX vs. FCFAX - Dividend Comparison
TSIIX's dividend yield for the trailing twelve months is around 4.93%, less than FCFAX's 5.79% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSIIX Thornburg Strategic Income Fund | 4.93% | 4.50% | 3.81% | 3.94% | 3.71% | 3.83% | 3.42% | 3.60% | 3.42% | 4.26% | 4.52% | 5.68% |
FCFAX Frost Credit Fund | 5.79% | 5.95% | 4.99% | 3.64% | 3.70% | 4.63% | 4.68% | 4.60% | 4.85% | 4.96% | 4.56% | 3.81% |
Drawdowns
TSIIX vs. FCFAX - Drawdown Comparison
The maximum TSIIX drawdown since its inception was -24.71%, which is greater than FCFAX's maximum drawdown of -16.33%. Use the drawdown chart below to compare losses from any high point for TSIIX and FCFAX. For additional features, visit the drawdowns tool.
Volatility
TSIIX vs. FCFAX - Volatility Comparison
Thornburg Strategic Income Fund (TSIIX) has a higher volatility of 0.97% compared to Frost Credit Fund (FCFAX) at 0.78%. This indicates that TSIIX's price experiences larger fluctuations and is considered to be riskier than FCFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.