TXUE vs. FID

Last updated Jun 23, 2026

TXUE (Thornburg International Equity ETF) and FID (First Trust S&P International Dividend Aristocrats ETF) are both Foreign Large Cap Equities funds. TXUE is actively managed, while FID is passively managed. Over the past year, TXUE returned 22.26% vs 20.11% for FID. A 0.76 correlation means they provide meaningful diversification when combined. TXUE charges 0.65%/yr vs 0.60%/yr for FID.

Performance

TXUE vs. FID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thornburg International Equity ETF (TXUE) and First Trust S&P International Dividend Aristocrats ETF (FID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TXUE achieves a 10.26% return, which is significantly higher than FID's 6.47% return.

TXUE

• 1D: -0.28%
• 1M: 0.44%
• YTD: 10.26%
• 6M: 10.66%
• 1Y: 22.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FID

• 1D: -0.52%
• 1M: -1.40%
• YTD: 6.47%
• 6M: 7.25%
• 1Y: 20.11%
• 3Y*: 17.52%
• 5Y*: 7.74%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TXUE vs. FID - Yearly Performance Comparison

	2026 (YTD)	2025
TXUE Thornburg International Equity ETF	10.26%	25.22%
FID First Trust S&P International Dividend Aristocrats ETF	6.47%	31.66%

Correlation

The correlation between TXUE and FID is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jan 22, 2025	0.76

The correlation between TXUE and FID has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.

Return for Risk

TXUE vs. FID — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TXUE

TXUE Risk / Return Rank: 45
TXUE Sharpe Ratio Rank: 47
TXUE Sortino Ratio Rank: 45
TXUE Omega Ratio Rank: 45
TXUE Calmar Ratio Rank: 41
TXUE Martin Ratio Rank: 46

FID

FID Risk / Return Rank: 55
FID Sharpe Ratio Rank: 61
FID Sortino Ratio Rank: 61
FID Omega Ratio Rank: 59
FID Calmar Ratio Rank: 47
FID Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TXUE vs. FID - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thornburg International Equity ETF (TXUE) and First Trust S&P International Dividend Aristocrats ETF (FID). 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.

	TXUE	FID	Difference
Sharpe ratio: Return per unit of total volatility	1.58	1.96	-0.38
Sortino ratio: Return per unit of downside risk	2.21	2.75	-0.54
Omega ratio: Gain probability vs. loss probability	1.28	1.35	-0.06
Calmar ratio: Return relative to maximum drawdown	2.01	2.26	-0.25
Martin ratio: Return relative to average drawdown	7.45	7.81	-0.35

TXUE vs. FID - Sharpe Ratio Comparison

The current TXUE Sharpe Ratio is 1.58, which is comparable to the FID Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of TXUE and FID, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TXUE vs. FID - Drawdown Comparison

The maximum TXUE drawdown since its inception was -12.97%, smaller than the maximum FID drawdown of -39.79%. Use the drawdown chart below to compare losses from any high point for TXUE and FID.

Drawdown Indicators

	TXUE	FID	Difference
Max Drawdown Largest peak-to-trough decline	-12.97%	-39.79%	+26.82%
Max Drawdown (1Y) Largest decline over 1 year	-11.14%	-8.93%	-2.21%
Max Drawdown (3Y) Largest decline over 3 years	—	-10.97%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.13%	—
Current Drawdown Current decline from peak	-1.26%	-3.02%	+1.76%
Average Drawdown Average peak-to-trough decline	-1.82%	-8.43%	+6.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	2.58%	+0.41%

Volatility

TXUE vs. FID - Volatility Comparison

Thornburg International Equity ETF (TXUE) has a higher volatility of 3.89% compared to First Trust S&P International Dividend Aristocrats ETF (FID) at 3.34%. This indicates that TXUE's price experiences larger fluctuations and is considered to be riskier than FID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TXUE	FID	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.89%	3.34%	+0.55%
Volatility (6M) Calculated over the trailing 6-month period	11.87%	8.54%	+3.33%
Volatility (1Y) Calculated over the trailing 1-year period	14.18%	10.31%	+3.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.49%	17.05%	-0.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.49%	18.93%	-2.44%

TXUE vs. FID - Expense Ratio Comparison

TXUE has a 0.65% expense ratio, which is higher than FID's 0.60% expense ratio.

Dividends

TXUE vs. FID - Dividend Comparison

TXUE's dividend yield for the trailing twelve months is around 0.98%, less than FID's 4.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FID First Trust S&P International Dividend Aristocrats ETF	4.10%	4.30%	4.31%	4.19%	4.22%	3.76%	3.91%	3.70%	1.74%
TXUE Thornburg International Equity ETF	0.98%	1.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TXUE and FID in my portfolio?

TXUE and FID have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TXUE or FID?

TXUE has higher volatility (3.89%) compared to FID (3.34%). In terms of maximum drawdown, TXUE dropped -12.97% vs FID's -39.79%.

Which ETF is better, TXUE or FID?

On 1-year performance, TXUE leads with 22.26% vs 20.11% for FID. On fees, FID is cheaper at 0.60% per year. On volatility, FID has been the lower-risk option at 3.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TXUE or FID?

Over the 1-year period, TXUE has performed better with a 22.26% return vs 20.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TXUE or FID?

FID is cheaper with a 0.60% expense ratio, compared with 0.65% for TXUE.

Which ETF pays a higher dividend yield, TXUE or FID?

FID has the higher dividend yield at 4.10%, compared with 0.98% for TXUE.

What is the main difference between TXUE and FID?

They also come from different issuers: Thornburg and First Trust. Their fees differ too: 0.65% for TXUE and 0.60% for FID.

Which has better risk-adjusted returns?

FID currently has the higher Sharpe Ratio (1.96 vs 1.58), 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.