TSSIX vs. SGHC
TSSIX (Thornburg Strategic Municipal Income Fund) is Municipal Bonds fund managed by Thornburg, while SGHC (Super Group (SGHC) Limited) is a stock. Over the past 3 years, TSSIX returned 5.13%/yr vs 58.72%/yr for SGHC. At a 0.04 correlation, their price movements are largely independent.
Performance
TSSIX vs. SGHC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TSSIX achieves a 2.21% return, which is significantly lower than SGHC's 19.00% return.
TSSIX
- 1D
- 0.07%
- 1M
- 1.73%
- YTD
- 2.21%
- 6M
- 2.56%
- 1Y
- 6.59%
- 3Y*
- 5.13%
- 5Y*
- 1.69%
- 10Y*
- 2.15%
SGHC
- 1D
- 3.45%
- 1M
- 2.00%
- YTD
- 19.00%
- 6M
- 17.71%
- 1Y
- 48.49%
- 3Y*
- 58.72%
- 5Y*
- —
- 10Y*
- —
TSSIX vs. SGHC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TSSIX Thornburg Strategic Municipal Income Fund | 2.21% | 5.62% | 3.77% | 5.51% | -6.36% |
SGHC Super Group (SGHC) Limited | 19.00% | 95.00% | 107.65% | 5.67% | -65.12% |
Correlation
The correlation between TSSIX and SGHC is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2022 | 0.04 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TSSIX vs. SGHC — Risk / Return Rank
TSSIX
SGHC
TSSIX vs. SGHC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Strategic Municipal Income Fund (TSSIX) and Super Group (SGHC) Limited (SGHC). 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.
| TSSIX | SGHC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 1.21 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 1.29 | +1.40 |
| Martin ratioReturn relative to average drawdown | 10.00 | 2.97 | +7.03 |
Loading charts...
Drawdowns
TSSIX vs. SGHC - Drawdown Comparison
The maximum TSSIX drawdown since its inception was -12.64%, smaller than the maximum SGHC drawdown of -76.02%. Use the drawdown chart below to compare losses from any high point for TSSIX and SGHC.
Loading charts...
Drawdown Indicators
| TSSIX | SGHC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.64% | -76.02% | +63.38% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -37.67% | +35.21% |
Max Drawdown (3Y)Largest decline over 3 years | -4.67% | -37.67% | +33.00% |
Max Drawdown (5Y)Largest decline over 5 years | -12.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -12.64% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.65% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -1.97% | -45.31% | +43.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 16.39% | -15.73% |
Volatility
TSSIX vs. SGHC - Volatility Comparison
The current volatility for Thornburg Strategic Municipal Income Fund (TSSIX) is 0.66%, while Super Group (SGHC) Limited (SGHC) has a volatility of 10.59%. This indicates that TSSIX experiences smaller price fluctuations and is considered to be less risky than SGHC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TSSIX | SGHC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 10.59% | -9.93% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 30.97% | -29.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.54% | 46.25% | -43.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.62% | 59.38% | -55.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.48% | 59.38% | -55.90% |
Dividends
TSSIX vs. SGHC - Dividend Comparison
TSSIX's dividend yield for the trailing twelve months is around 4.12%, more than SGHC's 3.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGHC Super Group (SGHC) Limited | 2.76% | 1.34% | 4.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TSSIX Thornburg Strategic Municipal Income Fund | 4.12% | 5.27% | 4.42% | 2.86% | 2.48% | 2.08% | 2.61% | 2.95% | 2.76% | 2.65% | 2.40% | 2.63% |
Frequently Asked Questions
TSSIX and SGHC have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SGHC has higher volatility (10.59%) compared to TSSIX (0.66%). In terms of maximum drawdown, TSSIX dropped -12.64% vs SGHC's -76.02%.
TSSIX currently has the higher Sharpe Ratio (2.60 vs 1.06), 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.
Find the right allocation for TSSIX and SGHC
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