FEBGX vs. TNUIX
FEBGX (Fidelity Environmental Bond Fund) and TNUIX (1290 Diversified Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, FEBGX returned -0.26%/yr vs -1.02%/yr for TNUIX. A 0.77 correlation means they provide meaningful diversification when combined. FEBGX charges 0.36%/yr vs 0.50%/yr for TNUIX.
Performance
FEBGX vs. TNUIX - Performance Comparison
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Returns By Period
In the year-to-date period, FEBGX achieves a 0.39% return, which is significantly lower than TNUIX's 3.04% return.
FEBGX
- 1D
- 0.24%
- 1M
- 0.93%
- YTD
- 0.39%
- 6M
- 0.70%
- 1Y
- 4.45%
- 3Y*
- 4.01%
- 5Y*
- -0.26%
- 10Y*
- —
TNUIX
- 1D
- -0.12%
- 1M
- 2.31%
- YTD
- 3.04%
- 6M
- 3.16%
- 1Y
- 7.00%
- 3Y*
- 3.75%
- 5Y*
- -1.02%
- 10Y*
- 2.93%
FEBGX vs. TNUIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FEBGX Fidelity Environmental Bond Fund | 0.39% | 7.04% | 1.60% | 5.35% | -13.98% | -0.06% |
TNUIX 1290 Diversified Bond Fund | 3.04% | 10.61% | -3.72% | 3.21% | -12.54% | -4.45% |
Correlation
The correlation between FEBGX and TNUIX is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2021 | 0.77 |
Over the past year, the correlation between FEBGX and TNUIX has dropped to 0.52 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
FEBGX vs. TNUIX — Risk / Return Rank
FEBGX
TNUIX
FEBGX vs. TNUIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Environmental Bond Fund (FEBGX) 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.
| FEBGX | TNUIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.22 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 2.55 | -1.04 |
| Martin ratioReturn relative to average drawdown | 4.35 | 6.55 | -2.20 |
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Drawdowns
FEBGX vs. TNUIX - Drawdown Comparison
The maximum FEBGX drawdown since its inception was -19.47%, smaller than the maximum TNUIX drawdown of -26.30%. Use the drawdown chart below to compare losses from any high point for FEBGX and TNUIX.
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Drawdown Indicators
| FEBGX | TNUIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.47% | -26.30% | +6.83% |
Max Drawdown (1Y)Largest decline over 1 year | -3.05% | -2.71% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -6.38% | -14.40% | +8.02% |
Max Drawdown (5Y)Largest decline over 5 years | -19.47% | -26.17% | +6.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.30% | — |
Current DrawdownCurrent decline from peak | -2.77% | -5.76% | +2.99% |
Average DrawdownAverage peak-to-trough decline | -8.73% | -6.29% | -2.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 1.05% | 0.00% |
Volatility
FEBGX vs. TNUIX - Volatility Comparison
Fidelity Environmental Bond Fund (FEBGX) and 1290 Diversified Bond Fund (TNUIX) have volatilities of 1.32% and 1.35%, 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
| FEBGX | TNUIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.35% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.06% | 4.11% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 5.84% | -1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.89% | 9.49% | -3.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.89% | 7.73% | -1.84% |
FEBGX vs. TNUIX - Expense Ratio Comparison
FEBGX has a 0.36% expense ratio, which is lower than TNUIX's 0.50% expense ratio.
Dividends
FEBGX vs. TNUIX - Dividend Comparison
FEBGX's dividend yield for the trailing twelve months is around 3.91%, more than TNUIX's 3.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FEBGX Fidelity Environmental Bond Fund | 3.91% | 3.82% | 3.75% | 2.67% | 2.73% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TNUIX 1290 Diversified Bond Fund | 3.27% | 7.28% | 6.39% | 3.71% | 3.51% | 4.61% | 2.68% | 8.07% | 3.67% | 2.94% | 0.12% |
Frequently Asked Questions
FEBGX and TNUIX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TNUIX has higher volatility (1.35%) compared to FEBGX (1.32%). In terms of maximum drawdown, FEBGX dropped -19.47% vs TNUIX's -26.30%.
TNUIX currently has the higher Sharpe Ratio (1.18 vs 1.13), 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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