- ISIN
- US68246A8687
- CUSIP
- 68246A868
- Issuer
- 1290 Funds
- Inception Date
- Nov 11, 2014
- Category
- Global Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
TNBIX Performance Chart
1290 SmartBeta Equity Fund (TNBIX) is up 3.4% since the beginning of the year. TNBIX is currently trading at $21 per share. Investors who bought $1,000 worth of TNBIX shares 5 years ago would now be looking at an investment worth $1,549.
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Returns By Period
1290 SmartBeta Equity Fund (TNBIX) has returned 3.42% so far this year and 12.73% over the past 12 months. Over the last ten years, TNBIX has returned 10.61% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
1290 SmartBeta Equity Fund
- 1D
- 0.24%
- 1M
- -0.90%
- YTD
- 3.42%
- 6M
- 3.26%
- 1Y
- 12.73%
- 3Y*
- 13.67%
- 5Y*
- 9.15%
- 10Y*
- 10.61%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
TNBIX Monthly Returns History
Based on dividend-adjusted daily data since Nov 28, 2014, TNBIX's average daily return is +0.04%, while the average monthly return is +0.80%. At this rate, an investment would double in approximately 7.2 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +9.7%, while the worst month was Mar 2020 at -11.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, TNBIX closed higher 51% of trading days. The best single day was Mar 26, 2020 with a return of +8.2%, while the worst single day was Mar 16, 2020 at -10.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.49% | 2.49% | -5.81% | 5.46% | 0.81% | -0.71% | 3.42% | ||||||
| 2025 | 2.74% | 0.37% | -2.45% | 0.75% | 4.30% | 2.04% | 0.10% | 2.49% | 1.75% | -0.38% | 1.44% | 0.14% | 13.93% |
| 2024 | 1.14% | 3.45% | 2.59% | -3.70% | 4.31% | 1.95% | 2.30% | 3.53% | 1.96% | -2.33% | 4.41% | -3.61% | 16.70% |
| 2023 | 4.57% | -2.92% | 2.87% | 2.39% | -2.59% | 5.66% | 1.95% | -1.91% | -3.97% | -1.97% | 8.03% | 4.35% | 16.79% |
| 2022 | -5.05% | -3.28% | 2.88% | -6.52% | -0.13% | -6.59% | 6.41% | -4.02% | -8.23% | 7.83% | 7.33% | -4.27% | -14.43% |
| 2021 | -1.87% | 1.64% | 4.63% | 4.17% | 1.48% | 1.03% | 3.06% | 2.51% | -5.00% | 5.69% | -1.93% | 5.96% | 22.84% |
Benchmark Metrics
1290 SmartBeta Equity Fund has an annualized alpha of 0.29%, beta of 0.76, and R2 of 0.85 versus S&P 500 Index. Calculated based on daily prices since November 28, 2014.
- This fund participated in 86.13% of S&P 500 Index downside but only 78.61% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.29%
- Beta
- 0.76
- R²
- 0.85
- Upside Capture
- 78.61%
- Downside Capture
- 86.13%
Expense Ratio
TNBIX has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TNBIX ranks 27 for risk / return — below 27% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for 1290 SmartBeta Equity Fund (TNBIX) and compare them to S&P 500 Index.
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.
| TNBIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 2.78 | -1.17 |
| Martin ratioReturn relative to average drawdown | 7.13 | 12.44 | -5.31 |
Dividends
Dividend History
1290 SmartBeta Equity Fund provided a 4.64% dividend yield over the last twelve months, with an annual payout of $0.97 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.97 | $0.97 | $0.83 | $0.24 | $0.16 | $1.27 | $0.20 | $0.31 | $0.60 | $0.20 | $0.14 |
Dividend yield | 4.64% | 4.80% | 4.47% | 1.44% | 1.08% | 7.47% | 1.31% | 2.27% | 5.45% | 1.59% | 1.32% |
Monthly Dividends
The table displays the monthly dividend distributions for 1290 SmartBeta Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.97 | $0.97 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.83 | $0.83 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.24 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.27 | $1.27 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the 1290 SmartBeta Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the 1290 SmartBeta Equity Fund was 30.11%, occurring on Mar 20, 2020. Recovery took 112 trading sessions.
The current 1290 SmartBeta Equity Fund drawdown is 1.04%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -30.11%Mar 2020 | 29d | 5mo 11d | 6mo 10dFeb 2020 - Aug 2020 |
Bear market2022 | -23.13%Oct 2022 | 9mo 16d | 1y 3mo | 2y 20dDec 2021 - Jan 2024 |
Rate-hike selloffLate 2018 | -15.00%Dec 2018 | 10mo 29d | 3mo 8d | 1y 2moJan 2018 - Apr 2019 |
2016 correction2016 | -12.75%Feb 2016 | 8mo 25d | 5mo 1d | 1y 1moMay 2015 - Jul 2016 |
2025 selloff2025 | -12.07%Apr 2025 | 1mo 23d | 1mo 7d | 3moFeb 2025 - May 2025 |
Drawdown Indicators
| TNBIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.11% | -56.78% | +26.67% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -9.10% | +1.34% |
Max Drawdown (3Y)Largest decline over 3 years | -12.07% | -18.90% | +6.83% |
Max Drawdown (5Y)Largest decline over 5 years | -23.13% | -25.43% | +2.30% |
Max Drawdown (10Y)Largest decline over 10 years | -30.11% | -33.92% | +3.81% |
Current DrawdownCurrent decline from peak | -1.04% | -1.80% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -3.96% | -10.71% | +6.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 2.03% | -0.27% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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