FKSAX vs. TNUIX
FKSAX (Franklin Core Plus Bond Fund Advisor Class) and TNUIX (1290 Diversified Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, FKSAX returned 2.83%/yr vs 2.92%/yr for TNUIX. A 0.63 correlation means they provide meaningful diversification when combined. FKSAX charges 0.47%/yr vs 0.50%/yr for TNUIX.
Performance
FKSAX vs. TNUIX - Performance Comparison
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Returns By Period
In the year-to-date period, FKSAX achieves a 0.32% return, which is significantly lower than TNUIX's 2.68% return. Both investments have delivered pretty close results over the past 10 years, with FKSAX having a 2.83% annualized return and TNUIX not far ahead at 2.92%.
FKSAX
- 1D
- -0.36%
- 1M
- 0.61%
- YTD
- 0.32%
- 6M
- 0.45%
- 1Y
- 4.49%
- 3Y*
- 4.98%
- 5Y*
- 1.50%
- 10Y*
- 2.83%
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%
FKSAX vs. TNUIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FKSAX Franklin Core Plus Bond Fund Advisor Class | 0.32% | 6.16% | 3.53% | 8.10% | -10.38% | 2.38% | 3.63% | 8.54% | -1.63% | 4.76% |
TNUIX 1290 Diversified Bond Fund | 2.68% | 10.61% | -3.72% | 3.21% | -12.54% | -2.46% | 17.14% | 10.28% | 2.30% | 3.47% |
Correlation
The correlation between FKSAX and TNUIX is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2015 | 0.63 |
The correlation between FKSAX and TNUIX shifts across timeframes, from 0.56 (1 year) to 0.76 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FKSAX vs. TNUIX — Risk / Return Rank
FKSAX
TNUIX
FKSAX vs. TNUIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Core Plus Bond Fund Advisor Class (FKSAX) 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.
| FKSAX | TNUIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.22 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 2.46 | -0.92 |
| Martin ratioReturn relative to average drawdown | 4.39 | 6.32 | -1.92 |
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Drawdowns
FKSAX vs. TNUIX - Drawdown Comparison
The maximum FKSAX drawdown since its inception was -18.98%, smaller than the maximum TNUIX drawdown of -26.30%. Use the drawdown chart below to compare losses from any high point for FKSAX and TNUIX.
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Drawdown Indicators
| FKSAX | TNUIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.98% | -26.30% | +7.32% |
Max Drawdown (1Y)Largest decline over 1 year | -3.01% | -2.71% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -3.44% | -14.40% | +10.96% |
Max Drawdown (5Y)Largest decline over 5 years | -14.58% | -26.17% | +11.59% |
Max Drawdown (10Y)Largest decline over 10 years | -17.50% | -26.30% | +8.80% |
Current DrawdownCurrent decline from peak | -1.59% | -6.09% | +4.50% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -6.29% | +4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 1.05% | 0.00% |
Volatility
FKSAX vs. TNUIX - Volatility Comparison
The current volatility for Franklin Core Plus Bond Fund Advisor Class (FKSAX) is 1.07%, while 1290 Diversified Bond Fund (TNUIX) has a volatility of 1.36%. This indicates that FKSAX 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
| FKSAX | TNUIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 1.36% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.79% | 4.12% | -1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.63% | 5.86% | -2.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.13% | 9.50% | -5.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.13% | 7.74% | -3.61% |
FKSAX vs. TNUIX - Expense Ratio Comparison
FKSAX has a 0.47% expense ratio, which is lower than TNUIX's 0.50% expense ratio.
Dividends
FKSAX vs. TNUIX - Dividend Comparison
FKSAX's dividend yield for the trailing twelve months is around 4.19%, more than TNUIX's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKSAX Franklin Core Plus Bond Fund Advisor Class | 4.19% | 3.54% | 4.98% | 4.38% | 4.62% | 3.87% | 4.17% | 4.71% | 4.57% | 2.50% | 2.72% | 5.07% |
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% | 0.00% |
Frequently Asked Questions
FKSAX and TNUIX have a correlation of 0.56, 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 FKSAX (1.07%). In terms of maximum drawdown, FKSAX dropped -18.98% vs TNUIX's -26.30%.
FKSAX currently has the higher Sharpe Ratio (1.28 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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