CTRZX vs. TNUIX
CTRZX (Multi-Manager Total Return Bond Strategies Fund) and TNUIX (1290 Diversified Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, CTRZX returned -0.23%/yr vs -0.87%/yr for TNUIX. A 0.63 correlation means they provide meaningful diversification when combined. CTRZX charges 0.49%/yr vs 0.50%/yr for TNUIX.
Performance
CTRZX vs. TNUIX - Performance Comparison
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Returns By Period
In the year-to-date period, CTRZX achieves a 0.08% return, which is significantly lower than TNUIX's 3.62% return.
CTRZX
- 1D
- 0.12%
- 1M
- -0.56%
- 6M
- -0.03%
- YTD
- 0.08%
- 1Y
- 4.49%
- 3Y*
- 4.28%
- 5Y*
- -0.23%
- 10Y*
- —
TNUIX
- 1D
- 0.23%
- 1M
- 0.44%
- 6M
- 2.63%
- YTD
- 3.62%
- 1Y
- 8.25%
- 3Y*
- 3.56%
- 5Y*
- -0.87%
- 10Y*
- 2.98%
CTRZX vs. TNUIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CTRZX Multi-Manager Total Return Bond Strategies Fund | 0.08% | 7.48% | 2.03% | 5.78% | -14.46% | -0.95% | 8.47% | 9.07% | -0.96% | 3.79% |
TNUIX 1290 Diversified Bond Fund | 3.62% | 10.61% | -3.72% | 3.21% | -12.54% | -2.46% | 17.14% | 10.28% | 2.30% | 3.57% |
Correlation
The correlation between CTRZX and TNUIX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.63 |
The correlation between CTRZX and TNUIX shifts across timeframes, from 0.47 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CTRZX vs. TNUIX — Risk / Return Rank
CTRZX
TNUIX
CTRZX vs. TNUIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Multi-Manager Total Return Bond Strategies Fund (CTRZX) 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.
| CTRZX | TNUIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.29 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 3.16 | -1.64 |
| Martin ratioReturn relative to average drawdown | 4.12 | 8.85 | -4.73 |
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Drawdowns
CTRZX vs. TNUIX - Drawdown Comparison
The maximum CTRZX drawdown since its inception was -19.33%, smaller than the maximum TNUIX drawdown of -26.30%. Use the drawdown chart below to compare losses from any high point for CTRZX and TNUIX.
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Drawdown Indicators
| CTRZX | TNUIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.33% | -26.30% | +6.97% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -2.71% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -6.14% | -14.40% | +8.26% |
Max Drawdown (5Y)Largest decline over 5 years | -19.33% | -25.55% | +6.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.30% | — |
Current DrawdownCurrent decline from peak | -1.87% | -5.23% | +3.36% |
Average DrawdownAverage peak-to-trough decline | -5.00% | -6.29% | +1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 0.96% | +0.16% |
Volatility
CTRZX vs. TNUIX - Volatility Comparison
Multi-Manager Total Return Bond Strategies Fund (CTRZX) and 1290 Diversified Bond Fund (TNUIX) have volatilities of 1.16% and 1.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CTRZX | TNUIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.13% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.15% | 4.19% | -1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 5.63% | -1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.01% | 9.50% | -3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.10% | 7.74% | -2.64% |
CTRZX vs. TNUIX - Expense Ratio Comparison
CTRZX has a 0.49% expense ratio, which is lower than TNUIX's 0.50% expense ratio.
Dividends
CTRZX vs. TNUIX - Dividend Comparison
CTRZX's dividend yield for the trailing twelve months is around 4.45%, more than TNUIX's 3.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CTRZX Multi-Manager Total Return Bond Strategies Fund | 4.45% | 4.39% | 4.61% | 3.47% | 2.70% | 2.13% | 4.69% | 3.32% | 2.89% | 2.22% | 0.00% |
TNUIX 1290 Diversified Bond Fund | 3.47% | 7.28% | 6.39% | 3.71% | 3.51% | 4.61% | 2.68% | 8.07% | 3.67% | 2.94% | 0.12% |
Frequently Asked Questions
CTRZX and TNUIX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CTRZX has higher volatility (1.16%) compared to TNUIX (1.13%). In terms of maximum drawdown, CTRZX dropped -19.33% vs TNUIX's -26.30%.
TNUIX currently has the higher Sharpe Ratio (1.53 vs 1.15), 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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