1290 Multi-Alternative Strategies Fund (TNMIX) 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 TNMIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TNMIX
TNMIX charges 0.85% annually. There are 8 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 | TNMIX vs RMDFX | |
| Symmetry Panoramic Alternatives Fund | 0.50% | — | Nov 2018 | TNMIX vs SPATX | |
| Morgan Stanley Pathway Funds Alternative Strategie... | 0.59% | — | Feb 2018 | TNMIX vs TALTX | |
| GMO Alternative Allocation Fund | 0.61% | — | May 2019 | TNMIX vs GAAVX | |
| John Hancock Funds Alternative Asset Allocation Fu... | 0.72% | — | Jan 2009 | TNMIX vs JAAAX |
Best Risk-Adjusted Alternatives to TNMIX
TNMIX has a PortfoliosLab risk / return rank of 83. There are 22 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 | TNMIX vs SRRIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | 100 | — | Aug 2017 | TNMIX vs ARBIX | |
| Strategic Advisers Alternatives Fund | 99 | — | Jul 2022 | TNMIX vs FSLTX | |
| AQR Diversified Arbitrage Fund Class I | 99 | — | Jan 2009 | TNMIX vs ADAIX | |
| Blackstone Alternative Multi-Strategy Fund | 99 | — | Jun 2014 | TNMIX vs BXMIX |
Top Performing TNMIX Alternatives (YTD)
TNMIX is at 9.29% YTD. There are 9 mutual funds in the Multistrategy category with higher YTD returns, going as high as 18.48%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| AQR Alternative Risk Premia R6 | 18.48% | — | Sep 2017 | TNMIX vs QRPRX | |
| AQR Alternative Risk Premia Fund | 18.34% | — | Sep 2017 | TNMIX vs QRPIX | |
| AQR Alternative Risk Premia Fund Class N | 18.26% | — | Sep 2017 | TNMIX vs QRPNX | |
| AQR Style Premia Alternative R6 | 12.97% | — | Sep 2014 | TNMIX vs QSPRX | |
| AQR Style Premia Alternative Fund | 12.95% | — | Oct 2013 | TNMIX vs QSPIX |
Lowest Volatility Alternatives to TNMIX
TNMIX has 7.76% 1-year volatility. There are 33 mutual funds in the Multistrategy category with lower 1-year volatility, going as low as 1.24%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Absolute Convertible Arbitrage Fund Institutional ... | 1.24% | — | Aug 2017 | TNMIX vs ARBIX | |
| AQR Diversified Arbitrage Fund Class N | 1.42% | — | Jan 2009 | TNMIX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | 1.42% | — | Jan 2009 | TNMIX vs ADAIX | |
| T. Rowe Price Multi-Strategy Total Return Fund | 1.68% | — | Feb 2018 | TNMIX vs TMSRX | |
| Strategic Advisers Alternatives Fund | 2.18% | — | Jul 2022 | TNMIX vs FSLTX |
Lowest Drawdown Alternatives to TNMIX
TNMIX has a 1-year max drawdown of -3.63%. 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 | TNMIX vs ADANX | |
| AQR Diversified Arbitrage Fund Class I | -0.46% | — | Jan 2009 | TNMIX vs ADAIX | |
| Absolute Convertible Arbitrage Fund Institutional ... | -0.51% | — | Aug 2017 | TNMIX vs ARBIX | |
| Stone Ridge Reinsurance Risk Premium Interval Fund | -0.55% | — | Dec 2013 | TNMIX vs SRRIX | |
| T. Rowe Price Multi-Strategy Total Return Fund | -0.83% | — | Feb 2018 | TNMIX vs TMSRX |
Other Mutual Funds from 1290 Funds
The 7 most viewed 1290 Funds mutual funds shown here include TNVIX, TNHIX, TNXIX 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 | 74 | 19.59% | — | Nov 2014 | TNMIX vs TNVIX | |
| 1290 High Yield Bond Fund | High Yield Bonds | 59 | 1.27% | — | Nov 2014 | TNMIX vs TNHIX | |
| 1290 Retirement 2060 Fund | Target Retirement Date | 33 | 6.08% | — | Feb 2017 | TNMIX vs TNXIX | |
| 1290 Loomis Sayles Multi-Asset Income Fund Class A | Diversified Portfolio | 60 | 5.11% | — | Mar 2016 | TNMIX vs TNXAX | |
| 1290 Diversified Bond Fund | Intermediate Core-Plus Bond | 27 | 2.68% | — | Jul 2015 | TNMIX vs TNUIX | |
| 1290 SmartBeta Equity Fund | Global Equities | 26 | 2.82% | — | Nov 2014 | TNMIX vs TNBIX | |
| 1290 DoubleLine Dynamic Allocation Fund | Diversified Portfolio | 63 | 5.22% | — | Mar 2016 | TNMIX vs TNVDX |
Often Compared With TNMIX
Investors most often compare TNMIX with BAMBX, QMFIX, TNMAX. These 20 comparison targets span 1 categories, based on PortfoliosLab usage data.
Compare TNMIX with Any Fund or Stock
Compare TNMIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TNMIX with funds that move differently
1290 Multi-Alternative Strategies Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TNMIX.
Explore TNMIX Diversifiers