TSSIX vs. TSIIX
Compare and contrast key facts about Thornburg Strategic Municipal Income Fund (TSSIX) and Thornburg Strategic Income Fund (TSIIX).
TSSIX is managed by Thornburg. It was launched on Mar 31, 2009. TSIIX is managed by Thornburg. It was launched on Dec 18, 2007.
Performance
TSSIX vs. TSIIX - Performance Comparison
Loading graphics...
TSSIX vs. TSIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSSIX Thornburg Strategic Municipal Income Fund | -0.52% | 5.62% | 3.77% | 5.51% | -8.30% | 1.50% | 4.03% | 5.99% | 1.04% | 4.21% |
TSIIX Thornburg Strategic Income Fund | -0.55% | 7.58% | 4.85% | 7.63% | -6.44% | 2.80% | 8.27% | 7.92% | 0.70% | 6.48% |
Returns By Period
In the year-to-date period, TSSIX achieves a -0.52% return, which is significantly higher than TSIIX's -0.55% return. Over the past 10 years, TSSIX has underperformed TSIIX with an annualized return of 2.04%, while TSIIX has yielded a comparatively higher 4.41% annualized return.
TSSIX
- 1D
- 0.14%
- 1M
- -2.32%
- YTD
- -0.52%
- 6M
- 0.57%
- 1Y
- 3.66%
- 3Y*
- 4.01%
- 5Y*
- 1.35%
- 10Y*
- 2.04%
TSIIX
- 1D
- 0.26%
- 1M
- -1.89%
- YTD
- -0.55%
- 6M
- 0.63%
- 1Y
- 4.50%
- 3Y*
- 5.52%
- 5Y*
- 2.97%
- 10Y*
- 4.41%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TSSIX vs. TSIIX - Expense Ratio Comparison
TSSIX has a 0.59% expense ratio, which is lower than TSIIX's 0.60% expense ratio.
Return for Risk
TSSIX vs. TSIIX — Risk / Return Rank
TSSIX
TSIIX
TSSIX vs. TSIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Thornburg Strategic Municipal Income Fund (TSSIX) and Thornburg Strategic Income Fund (TSIIX). 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.
| TSSIX | TSIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 1.60 | -0.73 |
Sortino ratioReturn per unit of downside risk | 1.24 | 2.42 | -1.19 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.30 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.01 | 2.50 | -1.49 |
Martin ratioReturn relative to average drawdown | 4.17 | 8.95 | -4.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| TSSIX | TSIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 1.60 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.89 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 1.51 | -0.92 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.30 | 1.39 | -0.08 |
Correlation
The correlation between TSSIX and TSIIX is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
TSSIX vs. TSIIX - Dividend Comparison
TSSIX's dividend yield for the trailing twelve months is around 4.11%, less than TSIIX's 4.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSSIX Thornburg Strategic Municipal Income Fund | 4.11% | 5.27% | 4.42% | 2.86% | 2.48% | 2.08% | 2.61% | 2.95% | 2.76% | 2.65% | 2.40% | 2.63% |
TSIIX Thornburg Strategic Income Fund | 4.52% | 4.99% | 5.10% | 4.50% | 3.49% | 4.17% | 3.70% | 3.82% | 3.40% | 3.59% | 3.43% | 4.51% |
Drawdowns
TSSIX vs. TSIIX - Drawdown Comparison
The maximum TSSIX drawdown since its inception was -12.64%, smaller than the maximum TSIIX drawdown of -21.98%. Use the drawdown chart below to compare losses from any high point for TSSIX and TSIIX.
Loading graphics...
Drawdown Indicators
| TSSIX | TSIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.64% | -21.98% | +9.34% |
Max Drawdown (1Y)Largest decline over 1 year | -4.67% | -2.14% | -2.53% |
Max Drawdown (5Y)Largest decline over 5 years | -12.64% | -9.40% | -3.24% |
Max Drawdown (10Y)Largest decline over 10 years | -12.64% | -9.58% | -3.06% |
Current DrawdownCurrent decline from peak | -2.32% | -1.89% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -1.99% | -1.65% | -0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 0.60% | +0.53% |
Volatility
TSSIX vs. TSIIX - Volatility Comparison
The current volatility for Thornburg Strategic Municipal Income Fund (TSSIX) is 0.85%, while Thornburg Strategic Income Fund (TSIIX) has a volatility of 1.01%. This indicates that TSSIX experiences smaller price fluctuations and is considered to be less risky than TSIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| TSSIX | TSIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 1.01% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 1.52% | 1.83% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.32% | 3.13% | +2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.58% | 3.34% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.46% | 2.93% | +0.53% |