- ISIN
- US68246A3068
- Issuer
- 1290 Funds
- Inception Date
- Nov 12, 2014
- Category
- Small Cap Blend Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
TNVIX Performance Chart
1290 GAMCO Small/Mid Cap Value Fund (TNVIX) is up 19.4% since the beginning of the year. TNVIX is currently trading at $22 per share. Investors who bought $1,000 worth of TNVIX shares 5 years ago would now be looking at an investment worth $1,659.
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Returns By Period
1290 GAMCO Small/Mid Cap Value Fund (TNVIX) has returned 19.38% so far this year and 32.86% over the past 12 months. Over the last ten years, TNVIX has returned 11.58% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
1290 GAMCO Small/Mid Cap Value Fund
- 1D
- 0.77%
- 1M
- -0.89%
- 6M
- 11.56%
- YTD
- 19.38%
- 1Y
- 32.86%
- 3Y*
- 15.96%
- 5Y*
- 10.66%
- 10Y*
- 11.58%
- ALL TIME*
- 10.07%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
TNVIX Monthly Returns History
Based on dividend-adjusted daily data since Nov 28, 2014, TNVIX's average daily return is +0.05%, while the average monthly return is +0.96%. At this rate, an investment would double in approximately 6.0 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +18.6%, while the worst month was Mar 2020 at -24.6%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, TNVIX closed higher 50% of trading days. The best single day was Mar 26, 2020 with a return of +8.5%, while the worst single day was Mar 12, 2020 at -11.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.01% | 7.00% | -6.64% | 9.26% | -0.46% | 5.39% | -2.58% | 19.38% | |||||
| 2025 | 2.17% | -2.64% | -4.78% | -3.66% | 6.69% | 4.34% | 2.20% | 6.00% | 0.91% | -2.33% | 3.25% | 1.72% | 13.91% |
| 2024 | -0.36% | 2.18% | 5.15% | -5.86% | 4.96% | -4.50% | 9.37% | -2.35% | 1.84% | -1.97% | 7.39% | -3.63% | 11.48% |
| 2023 | 11.60% | -0.76% | -3.75% | -1.32% | -4.34% | 12.30% | 4.36% | -1.19% | -6.22% | -6.18% | 7.13% | 10.44% | 21.31% |
| 2022 | -4.32% | 0.89% | 1.51% | -8.50% | 2.04% | -9.04% | 9.36% | -4.01% | -12.05% | 13.62% | 6.27% | -4.46% | -11.37% |
| 2021 | 4.01% | 8.10% | 3.07% | 3.93% | 2.81% | -1.45% | -1.92% | -0.17% | -2.31% | 2.01% | -3.19% | 5.71% | 21.85% |
Benchmark Metrics
1290 GAMCO Small/Mid Cap Value Fund has an annualized alpha of 0.14%, beta of 0.92, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since November 28, 2014.
- This fund participated in 105.56% of S&P 500 Index downside but only 98.67% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.92 and R2 of 0.64, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.14%
- Beta
- 0.92
- R²
- 0.64
- Upside Capture
- 98.67%
- Downside Capture
- 105.56%
Expense Ratio
TNVIX has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
TNVIX ranks 77 for risk / return — above 77% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for 1290 GAMCO Small/Mid Cap Value Fund (TNVIX) 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.
| TNVIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 2.00 | +0.95 |
| Martin ratioReturn relative to average drawdown | 10.42 | 8.49 | +1.93 |
Dividends
Dividend History
1290 GAMCO Small/Mid Cap Value Fund provided a 3.31% dividend yield over the last twelve months, with an annual payout of $0.74 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.74 | $0.74 | $1.49 | $0.63 | $0.36 | $1.16 | $0.07 | $0.23 | $0.18 | $0.25 | $0.20 |
Dividend yield | 3.31% | 3.95% | 8.76% | 3.82% | 2.51% | 7.05% | 0.47% | 1.74% | 1.58% | 1.87% | 1.79% |
Monthly Dividends
The table displays the monthly dividend distributions for 1290 GAMCO Small/Mid Cap Value 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 | $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 | $0.74 | $0.74 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.49 | $1.49 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.63 | $0.63 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.16 | $1.16 |
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 GAMCO Small/Mid Cap Value 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 GAMCO Small/Mid Cap Value Fund was 42.75%, occurring on Mar 20, 2020. Recovery took 168 trading sessions.
The current 1290 GAMCO Small/Mid Cap Value Fund drawdown is 2.58%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-42.75%Mar 2020 | 1y 6mo | 8mo 2d | 2y 1moSep 2018 - Nov 2020 | COVID crash2020 |
-25.61%Sep 2022 | 10mo 22d | 9mo 21d | 1y 8moNov 2021 - Jul 2023 | Bear market2022 |
-20.59%Apr 2025 | 3mo 23d | 2mo 26d | 6mo 19dDec 2024 - Jul 2025 | 2025 selloff2025 |
-20.28%Feb 2016 | 7mo 22d | 6mo 28d | 1y 2moJun 2015 - Sep 2016 | — |
-14.13%Oct 2023 | 2mo 27d | 1mo 18d | 4mo 15dAug 2023 - Dec 2023 | — |
Drawdown Indicators
| TNVIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.75% | -56.78% | +14.03% |
Max Drawdown (1Y)Largest decline over 1 year | -10.14% | -9.10% | -1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -20.59% | -18.90% | -1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -25.61% | -25.43% | -0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -42.75% | -33.92% | -8.83% |
Current DrawdownCurrent decline from peak | -2.58% | -1.58% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -10.70% | +4.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 2.14% | +0.73% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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