1290 Multi-Alternative Strategies Fund Class A (TNMAX) belongs to the Multistrategy category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with TNMAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TNMAX
TNMAX charges 1.52% annually. There are 25 mutual funds in the Multistrategy category with lower expense ratios, going as low as 0.18%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aspiriant Defensive Allocation Fund | 0.18% | — | Dec 2015 | TNMAX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | TNMAX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | TNMAX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | TNMAX vs GAAVX | |
| Allspring Alternative Risk Premia Fund | 0.72% | — | Jan 2019 | TNMAX vs WRPIX |
Best Risk-Adjusted Alternatives to TNMAX
TNMAX has a PortfoliosLab risk / return rank of 89. There are 21 mutual funds in the Multistrategy category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Stone Ridge Reinsurance Risk Premium Interval Fund | 100 | — | Dec 2013 | TNMAX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | TNMAX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | TNMAX vs FSLTX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | TNMAX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 99 | — | Jan 2009 | TNMAX vs ADANX |
Top Performing TNMAX Alternatives (YTD)
TNMAX is at 10.63% YTD. There are 14 mutual funds in the Multistrategy category with higher YTD returns, going as high as 18.99%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 18.99% | — | Sep 2017 | TNMAX vs QRPRX | |
| AQR Alternative Risk Premia Fund | 18.92% | — | Sep 2017 | TNMAX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 18.84% | — | Sep 2017 | TNMAX vs QRPNX | |
| Abbey Capital Multi Asset Fund Class I | 13.53% | — | Apr 2018 | TNMAX vs MAFIX | |
| AQR Style Premia Alternative R6 | 12.86% | — | Sep 2014 | TNMAX vs QSPRX |
Lowest Volatility Alternatives to TNMAX
TNMAX has 7.39% 1-year volatility. There are 32 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.22%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.22% | — | Aug 2017 | TNMAX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class I | 1.40% | — | Jan 2009 | TNMAX vs ADAIX | |
| AQR Diversified Arbitrage Fund Class N | 1.43% | — | Jan 2009 | TNMAX vs ADANX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 1.43% | — | Feb 2018 | TNMAX vs TALTX | |
| T. Rowe Price Multi-Strategy Total Return Fund | 1.70% | — | Feb 2018 | TNMAX vs TMSRX |
Lowest Drawdown Alternatives to TNMAX
TNMAX has a 1-year max drawdown of -3.64%. There are 27 mutual funds in the Multistrategy category with shallower 1-year drawdowns, going as shallow as -0.39%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Diversified Arbitrage Fund Class N | -0.39% | — | Jan 2009 | TNMAX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.46% | — | Jan 2009 | TNMAX vs ADAIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | TNMAX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | TNMAX vs SRRIX | |
| T. Rowe Price Multi-Strategy Total Return Fund | -0.83% | — | Feb 2018 | TNMAX vs TMSRX |
Often Compared With TNMAX
Investors most often compare TNMAX with QSPNX, QSPIX, SHRIX. These 7 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative Fund Class N | Multistrategy | 49 | 12.78% | — | Oct 2013 | TNMAX vs QSPNX | |
| AQR Style Premia Alternative Fund | Multistrategy | 50 | 12.83% | — | Oct 2013 | TNMAX vs QSPIX | |
| Stone Ridge High Yield Reinsurance Risk Premium Fu... | Multistrategy | 98 | 1.46% | — | Feb 2013 | TNMAX vs SHRIX | |
| 1290 Multi-Alternative Strategies Fund | Multistrategy | 89 | 10.73% | — | Jul 2015 | TNMAX vs TNMIX | |
| John Hancock Funds Alternative Asset Allocation Fu... | Multistrategy | 95 | 6.37% | — | Jan 2009 | TNMAX vs JAAAX | |
| FS Credit Income Fund Class I | Multistrategy | 96 | 2.90% | — | Nov 2017 | TNMAX vs FCRIX | |
| AlphaCentric Symmetry Strategy Fund Class I | Multistrategy | 65 | 11.00% | — | Aug 2019 | TNMAX vs SYMIX |
Compare TNMAX with Any Fund or Stock
Compare TNMAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TNMAX with funds that move differently
1290 Multi-Alternative Strategies Fund Class A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TNMAX.
Explore TNMAX Diversifiers