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AMFIX vs. TNUIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AMFIX vs. TNUIX

Last updated Jun 24, 2026

AMFIX (AAMA Income Fund) and TNUIX (1290 Diversified Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, AMFIX returned 0.76%/yr vs -1.11%/yr for TNUIX. A 0.55 correlation means they provide meaningful diversification when combined. AMFIX charges 0.92%/yr vs 0.50%/yr for TNUIX.

Performance

AMFIX vs. TNUIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAMA Income Fund (AMFIX) and 1290 Diversified Bond Fund (TNUIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, AMFIX achieves a 0.18% return, which is significantly lower than TNUIX's 2.68% return.

AMFIX

1D
-0.12%
1M
0.08%
YTD
0.18%
6M
0.32%
1Y
2.10%
3Y*
3.27%
5Y*
0.76%
10Y*
—

TNUIX

1D
-0.35%
1M
1.95%
YTD
2.68%
6M
2.80%
1Y
6.50%
3Y*
3.78%
5Y*
-1.11%
10Y*
2.92%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AMFIX vs. TNUIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
AMFIX
AAMA Income Fund		0.18%3.74%3.48%3.84%-6.26%-1.37%2.24%2.47%0.89%-0.44%
TNUIX
1290 Diversified Bond Fund		2.68%10.61%-3.72%3.21%-12.54%-2.46%17.14%10.28%2.30%0.68%

Correlation

The correlation between AMFIX and TNUIX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.35

Correlation (3Y)
Calculated over the trailing 3-year period

0.67

Correlation (5Y)
Calculated over the trailing 5-year period

0.68

Correlation (All Time)
Calculated using the full available price history since Aug 30, 2017

0.55

Over the past year, the correlation between AMFIX and TNUIX has dropped to 0.35 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.

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AAMA Income Fund

1290 Diversified Bond Fund

Often compared with AMFIX:
AMFIX vs. HOBIXAMFIX vs. ARINXAMFIX vs. EINFXAMFIX vs. AAIIXAMFIX vs. BCPIXAMFIX vs. GUGAXAMFIX vs. MCFIX
Often compared with TNUIX:
TNUIX vs. TNMIXTNUIX vs. TNXAXTNUIX vs. TNHIXTNUIX vs. TNVDXTNUIX vs. TNXIXTNUIX vs. TNBIXTNUIX vs. EINFX

Return for Risk

AMFIX vs. TNUIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AMFIX
AMFIX Risk / Return Rank: 5757
Overall Rank
AMFIX Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
AMFIX Sortino Ratio Rank: 6060
Sortino Ratio Rank
AMFIX Omega Ratio Rank: 6363
Omega Ratio Rank
AMFIX Calmar Ratio Rank: 6666
Calmar Ratio Rank
AMFIX Martin Ratio Rank: 4646
Martin Ratio Rank
TNUIX
TNUIX Risk / Return Rank: 2727
Overall Rank
TNUIX Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
TNUIX Sortino Ratio Rank: 2020
Sortino Ratio Rank
TNUIX Omega Ratio Rank: 2020
Omega Ratio Rank
TNUIX Calmar Ratio Rank: 4646
Calmar Ratio Rank
TNUIX Martin Ratio Rank: 3030
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMFIX vs. TNUIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAMA Income Fund (AMFIX) and 1290 Diversified Bond Fund (TNUIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

AMFIXTNUIXDifference
Sharpe ratioReturn per unit of total volatility
1.97
1.14

+0.84

Sortino ratioReturn per unit of downside risk
2.96
1.73

+1.24

Omega ratioGain probability vs. loss probability

1.40

1.22

+0.19

Calmar ratioReturn relative to maximum drawdown

2.97

2.46

+0.51

Martin ratioReturn relative to average drawdown

9.10

6.32

+2.78

AMFIX vs. TNUIX - Sharpe Ratio Comparison

The current AMFIX Sharpe Ratio is 1.97, which is higher than the TNUIX Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of AMFIX and TNUIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

AMFIX vs. TNUIX - Drawdown Comparison

The maximum AMFIX drawdown since its inception was -9.35%, smaller than the maximum TNUIX drawdown of -26.30%. Use the drawdown chart below to compare losses from any high point for AMFIX and TNUIX.

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Drawdown Indicators

AMFIXTNUIXDifference

Max Drawdown

Largest peak-to-trough decline

-9.35%

-26.30%

+16.95%

Max Drawdown (1Y)

Largest decline over 1 year

-0.74%

-2.71%

+1.97%

Max Drawdown (3Y)

Largest decline over 3 years

-0.88%

-14.40%

+13.52%

Max Drawdown (5Y)

Largest decline over 5 years

-8.91%

-26.17%

+17.26%

Max Drawdown (10Y)

Largest decline over 10 years

—

-26.30%

—

Current Drawdown

Current decline from peak

-0.52%

-6.09%

+5.57%

Average Drawdown

Average peak-to-trough decline

-2.01%

-6.29%

+4.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.24%

1.05%

-0.81%

Volatility

AMFIX vs. TNUIX - Volatility Comparison

The current volatility for AAMA Income Fund (AMFIX) is 0.46%, while 1290 Diversified Bond Fund (TNUIX) has a volatility of 1.36%. This indicates that AMFIX experiences smaller price fluctuations and is considered to be less risky than TNUIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

AMFIXTNUIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.46%

1.36%

-0.90%

Volatility (6M)

Calculated over the trailing 6-month period

0.92%

4.12%

-3.20%

Volatility (1Y)

Calculated over the trailing 1-year period

1.12%

5.86%

-4.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.17%

9.50%

-7.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1.74%

7.74%

-6.00%

AMFIX vs. TNUIX - Expense Ratio Comparison

AMFIX has a 0.92% expense ratio, which is higher than TNUIX's 0.50% expense ratio.

Dividends

AMFIX vs. TNUIX - Dividend Comparison

AMFIX's dividend yield for the trailing twelve months is around 2.22%, less than TNUIX's 3.28% yield.

PositionTTM2025202420232022202120202019201820172016
AMFIX
AAMA Income Fund		2.22%2.08%2.44%1.70%0.83%0.57%0.83%1.24%1.24%0.40%0.00%
TNUIX
1290 Diversified Bond Fund		3.28%7.28%6.39%3.71%3.51%4.61%2.68%8.07%3.67%2.94%0.12%

Frequently Asked Questions

AMFIX and TNUIX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TNUIX has higher volatility (1.36%) compared to AMFIX (0.46%). In terms of maximum drawdown, AMFIX dropped -9.35% vs TNUIX's -26.30%.

AMFIX currently has the higher Sharpe Ratio (1.97 vs 1.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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