TSIIX vs. TSLW
TSIIX (Thornburg Strategic Income Fund) and TSLW (Roundhill TSLA WeeklyPay™ ETF) are both funds - TSIIX is a Multisector Bonds fund managed by Thornburg, while TSLW is a Derivative Income fund actively managed by Roundhill. Over the past year, TSIIX returned 5.16% vs 23.98% for TSLW. At a 0.12 correlation, their price movements are largely independent. TSIIX charges 0.60%/yr vs 0.99%/yr for TSLW.
Performance
TSIIX vs. TSLW - Performance Comparison
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Returns By Period
In the year-to-date period, TSIIX achieves a 0.81% return, which is significantly higher than TSLW's -14.13% return.
TSIIX
- 1D
- 0.09%
- 1M
- 0.78%
- YTD
- 0.81%
- 6M
- 1.23%
- 1Y
- 5.16%
- 3Y*
- 5.90%
- 5Y*
- 3.00%
- 10Y*
- 4.28%
TSLW
- 1D
- 1.45%
- 1M
- -6.19%
- YTD
- -14.13%
- 6M
- -22.33%
- 1Y
- 23.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSIIX vs. TSLW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSIIX Thornburg Strategic Income Fund | 0.81% | 4.50% |
TSLW Roundhill TSLA WeeklyPay™ ETF | -14.13% | 35.28% |
Correlation
The correlation between TSIIX and TSLW is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025 | 0.12 |
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Return for Risk
TSIIX vs. TSLW — Risk / Return Rank
TSIIX
TSLW
TSIIX vs. TSLW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Strategic Income Fund (TSIIX) and Roundhill TSLA WeeklyPay™ ETF (TSLW). 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.
| TSIIX | TSLW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.11 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 0.67 | +1.79 |
| Martin ratioReturn relative to average drawdown | 8.46 | 1.46 | +7.00 |
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Drawdowns
TSIIX vs. TSLW - Drawdown Comparison
The maximum TSIIX drawdown since its inception was -21.98%, smaller than the maximum TSLW drawdown of -35.80%. Use the drawdown chart below to compare losses from any high point for TSIIX and TSLW.
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Drawdown Indicators
| TSIIX | TSLW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.98% | -35.80% | +13.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.14% | -35.80% | +33.66% |
Max Drawdown (3Y)Largest decline over 3 years | -2.62% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -9.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -9.58% | — | — |
Current DrawdownCurrent decline from peak | -0.54% | -22.62% | +22.08% |
Average DrawdownAverage peak-to-trough decline | -1.64% | -13.30% | +11.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.62% | 16.42% | -15.80% |
Volatility
TSIIX vs. TSLW - Volatility Comparison
The current volatility for Thornburg Strategic Income Fund (TSIIX) is 0.84%, while Roundhill TSLA WeeklyPay™ ETF (TSLW) has a volatility of 15.64%. This indicates that TSIIX experiences smaller price fluctuations and is considered to be less risky than TSLW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSIIX | TSLW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 15.64% | -14.80% |
Volatility (6M)Calculated over the trailing 6-month period | 2.08% | 33.62% | -31.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.79% | 53.11% | -50.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.39% | 55.70% | -52.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.96% | 55.70% | -52.74% |
TSIIX vs. TSLW - Expense Ratio Comparison
TSIIX has a 0.60% expense ratio, which is lower than TSLW's 0.99% expense ratio.
Dividends
TSIIX vs. TSLW - Dividend Comparison
TSIIX's dividend yield for the trailing twelve months is around 4.88%, less than TSLW's 91.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSIIX Thornburg Strategic Income Fund | 4.88% | 4.99% | 5.10% | 4.50% | 3.49% | 4.17% | 3.70% | 3.82% | 3.40% | 3.59% | 3.43% | 4.51% |
TSLW Roundhill TSLA WeeklyPay™ ETF | 91.65% | 49.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TSIIX and TSLW have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLW has higher volatility (15.64%) compared to TSIIX (0.84%). In terms of maximum drawdown, TSIIX dropped -21.98% vs TSLW's -35.80%.
TSIIX currently has the higher Sharpe Ratio (1.89 vs 0.45), 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.
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