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TMB vs VGMS

Thornburg Multi Sector Bond ETF

TMBBNasdaq

Vanguard Multi-Sector Income Bond ETF

VGMSACboe

Overlap

No data

Expense ratio

VGMS −0.25pt a year

TMB0.55%VGMS0.30%

Avg volume · 30D

TMB 1.04×the volume

TMB83.8KVGMS80.4K

TMB vs VGMS Performance

Oct 31, 2025 – Oct 30, 2026

+1.5%TMB+1.8%VGMS

Oct 31, 2025 to Oct 30, 2026. TMB +1.5%. VGMS +1.8%. Use the arrow keys to read each point.0%3%Oct 2025Apr 2026Oct 2026
Expense ratio
TMB 0.55%
VGMS 0.30%, better
Fund size
TMB $303M
VGMS $298M
1Y total return
TMB +1.5%
VGMS +1.8%, better
Yield (12M)
TMB 4.30%
VGMS 5.56%, better
Holdings
TMB 658
VGMS 1190
Avg volume (30D)
TMB 83.8K sh, better
VGMS 80.4K sh
NAV per share
TMB $24.83
VGMS $49.75
52W range

ETF.net Grade

TMB: Cost 63, Risk 59, Mission 86, Tradability 64, Holdings 79, Durability 68. VGMS: Cost 100, Risk 71, Mission 95, Tradability 61, Holdings 100, Durability 71.
Pillar letters and Scores for TMB, VGMS, with each pillar’s weight
PillarTMBVGMS
Cost30% weightB63A100Higher
Mission25% weightA86A95Higher
Risk15% weightB59A71Higher
Tradability15% weightB64HigherB61
Holdings10% weightA79A100Higher
Durability5% weightB68A71Higher

Rank among Multi-Sector Bond Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. TMB and VGMS are both graded against the same 23 Multi-Sector Bond Income funds, so their Grades compare head to head.

Multi-Sector Bond Income⁠

Category · 23 funds
See all 23 ›

VGMS ranks 1st and TMB 5th of 23 funds in the Multi-Sector Bond Income Category.

  1. Rank 1AVGMSVanguard Multi-Sector Income Bond ETFScore 87
  2. Rank 2AAINPAllspring Income Plus ETFScore 72
  3. Rank 4AXAGGEaton Vance Strategic Income Opportunities ETFScore 71
  4. Rank 5BTMBThornburg Multi Sector Bond ETFScore 70
  5. Rank 6BMSTIMadison Short Term Strategic Income ETFScore 67

Our read on each fund

ETF.net Research

TMBBThornburg Multi Sector Bond ETF

VGMSAVanguard Multi-Sector Income Bond ETF

In short

TMB Thornburg's veteran bond desk in an ETF wrapper: one actively managed sleeve that roams across sectors, geographies and credit tiers instead of locking you into a single slice of the bond market.

VGMS No data

Stated mandate

TMB The Fund seeks total return from income and capital appreciation. Its investment objective may be changed without shareholder approval.

VGMS No data

Why people hold it

  • TMB Go-anywhere mandate. Managers shift across sectors, geographies, credit qualities and maturities, including a deliberate slug of non-investment-grade bonds, rather than tracking one fixed slice.thornburg.com
  • Most rivals here are single-sleeve index funds: green bonds (BGRN), agency paper (AGZ), EM local currency (EMLC). TMB is the one hired to pick among all of them.
  • Income arrives monthly, not quarterly, which suits anyone treating a bond sleeve as a paycheck line.
  • The portfolio does what the label says. Holdings match the multi-sector brief closely, and it lands in the stronger half of our bond group on how faithfully it delivers its stated mission.

VGMS No data

Worth knowing

  • TMB Active pricing: 0.55% a year, above the typical fund in this bond group. You are paying for the manager's judgment, not an index license.
  • A standing allocation to below-investment-grade bonds means more credit risk than a plain core bond fund, and those bonds tend to wobble when markets get nervous.thornburg.com
  • Launched in 2025, so the track record is short and the asset base still modest. The objective itself can also be changed without a shareholder vote.thornburg.com

VGMS No data

Full TMB profile⁠

Full VGMS profile⁠

TMB vs VGMS Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

TMB vs VGMS Cost

Overpaying TMB vs VGMS

$4,755

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • TMB 0.55%

    $10,904

  • VGMS 0.30%

    $6,149

$10,000
30 years

Cost over time

  • TMB 0.55%
  • VGMS 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530TMB $10,904VGMS $6,149

Year by year

YearTMBVGMSOverpaying
10$988$545$443
20$3,790$2,113$1,677
30$10,904$6,149$4,755

Expense ratio

  • 0.55%TMB
  • 0.30%VGMS, cheaper
  • Middle half of Multi-Sector Bond Income funds
  • Median 0.60%

VGMS cheapest of 23 funds

TMB 10th cheapest of 23 funds

TMB vs VGMS Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
TMB 4.30%
VGMS 5.56%, better
Payout (12M)
TMB $1.07
VGMS $2.77
Last payment
TMB $0.09
VGMS $0.22
Ex-dividend
TMB Oct 29, 2026
VGMS Oct 1, 2026
Paid on
TMB Oct 30, 2026
VGMS Oct 5, 2026
Frequency
TMB Monthly
VGMS Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

TMBMonthly · 21 paymentsAll TMB payments⁠
One bar per payment. 21 payments from 2025 to 2026 YTD. Feb 27, 2025 $0.04; Mar 28, 2025 $0.11; Apr 29, 2025 $0.10; May 29, 2025 $0.09; Jun 27, 2025 $0.09; Jul 30, 2025 $0.09; Aug 28, 2025 $0.09; Sep 29, 2025 $0.08; Oct 30, 2025 $0.10; Nov 26, 2025 $0.08; Dec 30, 2025 $0.17; Jan 29, 2026 $0.02; Feb 26, 2026 $0.08; Mar 30, 2026 $0.07; Apr 29, 2026 $0.10; May 28, 2026 $0.09; Jun 29, 2026 $0.09; Jul 30, 2026 $0.10; Aug 28, 2026 $0.09; Sep 29, 2026 $0.09; Oct 29, 2026 $0.09. Use the arrow keys to read each point.$0$0.252026YTD
VGMSMonthly · 16 paymentsAll VGMS payments⁠
One bar per payment. 16 payments from 2025 to 2026 YTD. Jul 1, 2025 $0.11; Aug 1, 2025 $0.22; Sep 2, 2025 $0.20; Oct 1, 2025 $0.22; Nov 3, 2025 $0.21; Dec 1, 2025 $0.21; Dec 18, 2025 $0.34; Feb 2, 2026 $0.23; Mar 2, 2026 $0.20; Apr 1, 2026 $0.23; May 1, 2026 $0.22; Jun 1, 2026 $0.23; Jul 1, 2026 $0.22; Aug 3, 2026 $0.23; Sep 1, 2026 $0.23; Oct 1, 2026 $0.22. Use the arrow keys to read each point.$0$0.252026YTD

TMB vs VGMS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
TMB 2.9%since Mar 2025VGMS 3.4%since Jul 2025
Return per unit of riskSharpe ratio, 3 years
TMB −0.19since Mar 2025VGMS −0.10since Jul 2025
Worst fallMax drawdown, 5 years
TMB −2.7%since Feb 2025VGMS −2.7%since Jun 2025Same figure. Both funds show the same value, so neither comes out ahead.
Market sensitivityBeta, 5 years
TMB 0.05VGMS 0.14

TMB and VGMS in the news

All news⁠

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