TBLD vs VOO
Thornburg Income Builder Opportunities Trust vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | TBLD | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.65% | 0.03% | |
| AUM | $746M | $979.0B | |
| Dividend Yield | 5.40% | 1.09% | |
| Holdings | 176 | 509 | |
| YTD Return | +14.34% | +13.44% | |
| 1Y Return | +20.38% | +22.62% | |
| 3Y Return (annualized) | +21.70% | +21.47% | |
| 5Y Return (annualized) | +9.75% | +13.27% | |
| Volatility (annualized) | 15.2% | 14.1% | |
| Max Drawdown | -33.6% | -34.3% | |
| Fund Family | Thornburg Investment Management | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jul 27, 2021 | Sep 7, 2010 |
TBLD vs VOO Performance
Thornburg Income Builder Opportunities Trust (TBLD) is a ETF from Thornburg Investment Management and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year TBLD returned +20.38% while VOO returned +22.62%. Year to date, TBLD is up 14.34% versus a gain of 13.44% for VOO.
Over three years, TBLD compounded at +21.70% per year against +21.47% for VOO; over five years the annualized figures are +9.75% and +13.27% respectively. Across the full 5-year window we track, VOO has the edge at +13.55% annualized vs +9.94%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TBLD has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.6% for TBLD and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
TBLD charges 1.65% per year while VOO charges 0.03%. On a $10,000 position that is $165 vs $3 annually, a gap of $162 per year that compounds over a long holding period. On income, TBLD currently yields 5.40% against 1.09% for VOO.
Holdings Overlap
TBLD and VOO share 15 holdings out of 597 unique holdings combined, representing a 5.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, TBLD or VOO?
TBLD has an expense ratio of 1.65% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $162 per year of difference.
Which performed better, TBLD or VOO?
Over the past year TBLD returned +20.38% vs +22.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (5 years), TBLD annualized +9.94% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, TBLD or VOO?
TBLD has been the more volatile fund at 15.2% annualized versus 14.1% for VOO. Worst drawdown: TBLD -33.6% vs VOO -34.3%.
Should I hold both TBLD and VOO?
TBLD and VOO have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TBLD and VOO?
TBLD and VOO share 15 common holdings with a 5.7% weight overlap. Combined, they hold 597 unique securities.
Which pays a higher dividend, TBLD or VOO?
TBLD yields 5.40% while VOO yields 1.09%, so TBLD currently pays the higher dividend yield.
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