TXUG vs. JIVE

Last updated Jun 25, 2026

TXUG (Thornburg International Growth ETF) and JIVE (Jpmorgan International Value ETF) are both Foreign Large Cap Equities funds. Both are actively managed. Over the past year, TXUG returned 4.66% vs 37.45% for JIVE. A 0.76 correlation means they provide meaningful diversification when combined. TXUG charges 0.70%/yr vs 0.55%/yr for JIVE.

Performance

TXUG vs. JIVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thornburg International Growth ETF (TXUG) and Jpmorgan International Value ETF (JIVE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TXUG achieves a 8.93% return, which is significantly lower than JIVE's 13.87% return.

TXUG

• 1D: -0.14%
• 1M: 1.17%
• YTD: 8.93%
• 6M: 8.89%
• 1Y: 4.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JIVE

• 1D: -0.54%
• 1M: -0.31%
• YTD: 13.87%
• 6M: 13.86%
• 1Y: 37.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TXUG vs. JIVE - Yearly Performance Comparison

	2026 (YTD)	2025
TXUG Thornburg International Growth ETF	8.93%	-1.49%
JIVE Jpmorgan International Value ETF	13.87%	46.50%

Correlation

The correlation between TXUG and JIVE is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jan 23, 2025	0.76

The correlation between TXUG and JIVE has been stable across timeframes, ranging from 0.76 to 0.77 - a consistent structural relationship.

Return for Risk

TXUG vs. JIVE — Risk / Return Rank

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

TXUG

TXUG Risk / Return Rank: 13
TXUG Sharpe Ratio Rank: 13
TXUG Sortino Ratio Rank: 12
TXUG Omega Ratio Rank: 12
TXUG Calmar Ratio Rank: 13
TXUG Martin Ratio Rank: 14

JIVE

JIVE Risk / Return Rank: 81
JIVE Sharpe Ratio Rank: 86
JIVE Sortino Ratio Rank: 83
JIVE Omega Ratio Rank: 83
JIVE Calmar Ratio Rank: 77
JIVE Martin Ratio Rank: 78

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.

TXUG vs. JIVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thornburg International Growth ETF (TXUG) and Jpmorgan International Value ETF (JIVE). 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.

	TXUG	JIVE	Difference
Sharpe ratio: Return per unit of total volatility	0.26	2.50	-2.23
Sortino ratio: Return per unit of downside risk	0.50	3.29	-2.79
Omega ratio: Gain probability vs. loss probability	1.06	1.44	-0.39
Calmar ratio: Return relative to maximum drawdown	0.36	3.56	-3.20
Martin ratio: Return relative to average drawdown	1.00	13.60	-12.60

TXUG vs. JIVE - Sharpe Ratio Comparison

The current TXUG Sharpe Ratio is 0.26, which is lower than the JIVE Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of TXUG and JIVE, 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

TXUG vs. JIVE - Drawdown Comparison

The maximum TXUG drawdown since its inception was -18.58%, which is greater than JIVE's maximum drawdown of -13.79%. Use the drawdown chart below to compare losses from any high point for TXUG and JIVE.

Drawdown Indicators

	TXUG	JIVE	Difference
Max Drawdown Largest peak-to-trough decline	-18.58%	-13.79%	-4.79%
Max Drawdown (1Y) Largest decline over 1 year	-12.93%	-10.57%	-2.36%
Current Drawdown Current decline from peak	-3.31%	-3.33%	+0.02%
Average Drawdown Average peak-to-trough decline	-4.09%	-1.95%	-2.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.67%	2.76%	+1.91%

Volatility

TXUG vs. JIVE - Volatility Comparison

Thornburg International Growth ETF (TXUG) has a higher volatility of 6.80% compared to Jpmorgan International Value ETF (JIVE) at 5.79%. This indicates that TXUG's price experiences larger fluctuations and is considered to be riskier than JIVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TXUG	JIVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.80%	5.79%	+1.01%
Volatility (6M) Calculated over the trailing 6-month period	15.43%	12.94%	+2.49%
Volatility (1Y) Calculated over the trailing 1-year period	17.88%	15.18%	+2.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.95%	15.13%	+4.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.95%	15.13%	+4.82%

TXUG vs. JIVE - Expense Ratio Comparison

TXUG has a 0.70% expense ratio, which is higher than JIVE's 0.55% expense ratio.

Dividends

TXUG vs. JIVE - Dividend Comparison

TXUG's dividend yield for the trailing twelve months is around 0.47%, less than JIVE's 2.53% yield.

Position	TTM	2025	2024	2023
JIVE Jpmorgan International Value ETF	2.53%	2.88%	2.48%	0.74%
TXUG Thornburg International Growth ETF	0.47%	0.51%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TXUG and JIVE in my portfolio?

TXUG and JIVE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TXUG or JIVE?

TXUG has higher volatility (6.80%) compared to JIVE (5.79%). In terms of maximum drawdown, TXUG dropped -18.58% vs JIVE's -13.79%.

Which ETF is better, TXUG or JIVE?

On 1-year performance, JIVE leads with 37.45% vs 4.66% for TXUG. On fees, JIVE is cheaper at 0.55% per year. On volatility, JIVE has been the lower-risk option at 5.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TXUG or JIVE?

Over the 1-year period, JIVE has performed better with a 37.45% return vs 4.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TXUG or JIVE?

JIVE is cheaper with a 0.55% expense ratio, compared with 0.70% for TXUG.

Which ETF pays a higher dividend yield, TXUG or JIVE?

JIVE has the higher dividend yield at 2.53%, compared with 0.47% for TXUG.

What is the main difference between TXUG and JIVE?

They also come from different issuers: Thornburg and JPMorgan. Their fees differ too: 0.70% for TXUG and 0.55% for JIVE.

Which has better risk-adjusted returns?

JIVE currently has the higher Sharpe Ratio (2.50 vs 0.26), 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.