1290 High Yield Bond Fund (TNHIX) belongs to the High Yield Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with TNHIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TNHIX
TNHIX charges 1.18% annually. There are 157 mutual funds in the High Yield Bonds category with lower expense ratios, going as low as 0.02%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes High-Yield Strategy Portfolio | 0.02% | — | Dec 2008 | TNHIX vs FHYSX | |
| Vanguard High-Yield Corporate Fund Admiral Shares | 0.12% | 25.80B | Nov 2001 | TNHIX vs VWEAX | |
| PIA High Yield (MACS) Fund | 0.20% | — | Dec 2017 | TNHIX vs PIAMX | |
| Vanguard High-Yield Corporate Fund Investor Shares | 0.22% | 25.80B | Dec 1978 | TNHIX vs VWEHX | |
| Six Circles Credit Opportunities Fund | 0.29% | — | Nov 2020 | TNHIX vs CRDOX |
Best Risk-Adjusted Alternatives to TNHIX
TNHIX has a PortfoliosLab risk / return rank of 65. There are 106 mutual funds in the High Yield Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 100 | — | Dec 2014 | TNHIX vs XILSX | |
| Cliffwater Corporate Lending Fund Class I Shares | 100 | — | Jun 2019 | TNHIX vs CCLFX | |
| RiverPark Short Term High Yield Fund | 100 | — | Sep 2010 | TNHIX vs RPHIX | |
| Intrepid Income Fund | 97 | — | Aug 2010 | TNHIX vs ICMUX | |
| Penn Capital Short Duration High Income Fund | 97 | — | Jul 2017 | TNHIX vs PSHNX |
Top Performing TNHIX Alternatives (YTD)
TNHIX is at 1.42% YTD. There are 86 mutual funds in the High Yield Bonds category with higher YTD returns, going as high as 10.04%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | 10.04% | — | Dec 2014 | TNHIX vs XILSX | |
| Fairholme Focused Income Fund | 9.48% | — | Dec 2009 | TNHIX vs FOCIX | |
| Fidelity Capital & Income Fund | 5.47% | — | Nov 1977 | TNHIX vs FAGIX | |
| Nuveen Global High Income Fund | 5.11% | — | Nov 2014 | TNHIX vs JGH | |
| Fidelity Advisor High Income Advantage Fund Class ... | 4.93% | — | Oct 2018 | TNHIX vs FIQTX |
Lowest Volatility Alternatives to TNHIX
TNHIX has 2.85% 1-year volatility. There are 49 mutual funds in the High Yield Bonds category with lower 1-year volatility, going as low as 0.83%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Short Term High Yield Fund | 0.83% | — | Sep 2010 | TNHIX vs RPHIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.85% | — | Jun 2019 | TNHIX vs CCLFX | |
| Chartwell Short Duration High Yield Fund | 1.51% | — | Jul 2014 | TNHIX vs CWFIX | |
| Shenkman Capital Short Duration High Income Fund | 1.64% | — | Oct 2012 | TNHIX vs SCFIX | |
| Osterweis Strategic Income Fund | 1.77% | — | Aug 2002 | TNHIX vs OSTIX |
Lowest Drawdown Alternatives to TNHIX
TNHIX has a 1-year max drawdown of -2.11%. There are 49 mutual funds in the High Yield Bonds category with shallower 1-year drawdowns, going as shallow as -0.10%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Pioneer ILS Interval Fund | -0.10% | — | Dec 2014 | TNHIX vs XILSX | |
| RiverPark Short Term High Yield Fund | -0.10% | — | Sep 2010 | TNHIX vs RPHIX | |
| Cliffwater Corporate Lending Fund Class I Shares | -0.19% | — | Jun 2019 | TNHIX vs CCLFX | |
| MainStay MacKay Short Duration High Yield Fund | -1.06% | — | Dec 2012 | TNHIX vs MDHVX | |
| Shenkman Capital Short Duration High Income Fund | -1.11% | — | Oct 2012 | TNHIX vs SCFIX |
Other Mutual Funds from 1290 Funds
The 8 most viewed 1290 Funds mutual funds shown here include TNVIX, TNMAX, TNUIX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| 1290 GAMCO Small/Mid Cap Value Fund | Small Cap Blend Equities | 78 | 19.38% | — | Nov 2014 | TNHIX vs TNVIX | |
| 1290 Multi-Alternative Strategies Fund Class A | Multistrategy | 85 | 8.52% | — | Jul 2015 | TNHIX vs TNMAX | |
| 1290 Diversified Bond Fund | Intermediate Core-Plus Bond | 46 | 3.01% | — | Jul 2015 | TNHIX vs TNUIX | |
| 1290 Retirement 2060 Fund | Target Retirement Date | 24 | 5.47% | — | Feb 2017 | TNHIX vs TNXIX | |
| 1290 Multi-Alternative Strategies Fund | Multistrategy | 86 | 8.72% | — | Jul 2015 | TNHIX vs TNMIX | |
| 1290 Loomis Sayles Multi-Asset Income Fund Class A | Diversified Portfolio | 61 | 4.41% | — | Mar 2016 | TNHIX vs TNXAX | |
| 1290 SmartBeta Equity Fund | Global Equities | 40 | 6.04% | — | Nov 2014 | TNHIX vs TNBIX | |
| 1290 DoubleLine Dynamic Allocation Fund | Diversified Portfolio | 63 | 4.53% | — | Mar 2016 | TNHIX vs TNVDX |
Often Compared With TNHIX
Investors most often compare TNHIX with SCHJ, MTCIX, CPMPX. These 15 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare TNHIX with Any Fund or Stock
Compare TNHIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TNHIX with funds that move differently
1290 High Yield Bond Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TNHIX.
Explore TNHIX Diversifiers