TXUE vs. IFLO

Last updated Jul 17, 2026

TXUE (Thornburg International Equity ETF) and IFLO (VictoryShares International Free Cash Flow ETF) are both Foreign Large Cap Equities funds. Over the past year, TXUE returned 20.00% vs 33.19% for IFLO. Their correlation of 0.83 suggests significant overlap in exposure. TXUE charges 0.65%/yr vs 0.56%/yr for IFLO.

Performance

TXUE vs. IFLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thornburg International Equity ETF (TXUE) and VictoryShares International Free Cash Flow ETF (IFLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TXUE achieves a 10.77% return, which is significantly lower than IFLO's 18.60% return.

TXUE

• 1D: -0.73%
• 1M: -0.46%
• 6M: 7.31%
• YTD: 10.77%
• 1Y: 20.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IFLO

• 1D: -0.26%
• 1M: -1.46%
• 6M: 15.69%
• YTD: 18.60%
• 1Y: 33.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TXUE vs. IFLO - Yearly Performance Comparison

	2026 (YTD)	2025
TXUE Thornburg International Equity ETF	10.77%	9.79%
IFLO VictoryShares International Free Cash Flow ETF	18.60%	13.12%

Correlation

The correlation between TXUE and IFLO is 0.83, 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	0.83
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.83

The correlation between TXUE and IFLO has been stable across timeframes, ranging from 0.83 to 0.83 - a consistent structural relationship.

Return for Risk

TXUE vs. IFLO — Risk / Return Rank

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

TXUE

TXUE Risk / Return Rank: 48
TXUE Sharpe Ratio Rank: 50
TXUE Sortino Ratio Rank: 50
TXUE Omega Ratio Rank: 48
TXUE Calmar Ratio Rank: 43
TXUE Martin Ratio Rank: 50

IFLO

IFLO Risk / Return Rank: 90
IFLO Sharpe Ratio Rank: 88
IFLO Sortino Ratio Rank: 89
IFLO Omega Ratio Rank: 86
IFLO Calmar Ratio Rank: 93
IFLO Martin Ratio Rank: 92

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. IFLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thornburg International Equity ETF (TXUE) and VictoryShares International Free Cash Flow ETF (IFLO). 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	IFLO	Difference
Sharpe ratio: Return per unit of total volatility	1.41	2.29	-0.88
Sortino ratio: Return per unit of downside risk	2.01	3.33	-1.32
Omega ratio: Gain probability vs. loss probability	1.25	1.41	-0.16
Calmar ratio: Return relative to maximum drawdown	1.80	5.18	-3.38
Martin ratio: Return relative to average drawdown	6.66	17.40	-10.74

TXUE vs. IFLO - Sharpe Ratio Comparison

The current TXUE Sharpe Ratio is 1.41, which is lower than the IFLO Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of TXUE and IFLO, 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. IFLO - Drawdown Comparison

The maximum TXUE drawdown since its inception was -12.97%, which is greater than IFLO's maximum drawdown of -6.44%. Use the drawdown chart below to compare losses from any high point for TXUE and IFLO.

Drawdown Indicators

	TXUE	IFLO	Difference
Max Drawdown Largest peak-to-trough decline	-12.97%	-6.44%	-6.53%
Max Drawdown (1Y) Largest decline over 1 year	-11.14%	-6.44%	-4.70%
Current Drawdown Current decline from peak	-0.94%	-1.99%	+1.05%
Average Drawdown Average peak-to-trough decline	-1.80%	-1.29%	-0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	1.91%	+1.10%

Volatility

TXUE vs. IFLO - Volatility Comparison

Thornburg International Equity ETF (TXUE) has a higher volatility of 3.47% compared to VictoryShares International Free Cash Flow ETF (IFLO) at 3.21%. This indicates that TXUE's price experiences larger fluctuations and is considered to be riskier than IFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TXUE	IFLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	3.21%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	12.14%	12.02%	+0.12%
Volatility (1Y) Calculated over the trailing 1-year period	14.21%	14.56%	-0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.31%	14.53%	+1.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.31%	14.53%	+1.78%

TXUE vs. IFLO - Expense Ratio Comparison

TXUE has a 0.65% expense ratio, which is higher than IFLO's 0.56% expense ratio.

Dividends

TXUE vs. IFLO - Dividend Comparison

TXUE's dividend yield for the trailing twelve months is around 0.97%, less than IFLO's 1.57% yield.

Position	TTM	2025
IFLO VictoryShares International Free Cash Flow ETF	1.57%	0.73%
TXUE Thornburg International Equity ETF	0.97%	1.08%

Frequently Asked Questions

Can I hold both TXUE and IFLO in my portfolio?

TXUE and IFLO have a correlation of 0.83, 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 IFLO?

TXUE has higher volatility (3.47%) compared to IFLO (3.21%). In terms of maximum drawdown, TXUE dropped -12.97% vs IFLO's -6.44%.

Which ETF is better, TXUE or IFLO?

On 1-year performance, IFLO leads with 33.19% vs 20.00% for TXUE. On fees, IFLO is cheaper at 0.56% per year. On volatility, IFLO has been the lower-risk option at 3.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TXUE or IFLO?

Over the 1-year period, IFLO has performed better with a 33.19% return vs 20.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TXUE or IFLO?

IFLO is cheaper with a 0.56% expense ratio, compared with 0.65% for TXUE.

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

IFLO has the higher dividend yield at 1.57%, compared with 0.97% for TXUE.

What is the main difference between TXUE and IFLO?

They also come from different issuers: Thornburg and VictoryShares. Their fees differ too: 0.65% for TXUE and 0.56% for IFLO.

Which has better risk-adjusted returns?

IFLO currently has the higher Sharpe Ratio (2.29 vs 1.41), 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.