LMSMX vs. TNUIX
Compare and contrast key facts about Western Asset SMASh Series M Fund (LMSMX) and 1290 Diversified Bond Fund (TNUIX).
LMSMX is managed by Legg Mason. It was launched on Dec 27, 2006. TNUIX is managed by 1290 Funds. It was launched on Jul 6, 2015.
Performance
LMSMX vs. TNUIX - Performance Comparison
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LMSMX vs. TNUIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LMSMX Western Asset SMASh Series M Fund | 0.56% | 12.15% | -1.72% | 5.13% | -23.44% | -2.32% | 12.86% | 7.71% | 1.46% | 5.52% |
TNUIX 1290 Diversified Bond Fund | -0.96% | 10.61% | -3.72% | 3.21% | -12.54% | -2.46% | 17.14% | 10.28% | 2.30% | 3.57% |
Returns By Period
In the year-to-date period, LMSMX achieves a 0.56% return, which is significantly higher than TNUIX's -0.96% return.
LMSMX
- 1D
- 0.38%
- 1M
- -1.28%
- YTD
- 0.56%
- 6M
- 2.13%
- 1Y
- 7.08%
- 3Y*
- 3.86%
- 5Y*
- -1.85%
- 10Y*
- —
TNUIX
- 1D
- -0.12%
- 1M
- -2.59%
- YTD
- -0.96%
- 6M
- -0.49%
- 1Y
- 5.20%
- 3Y*
- 1.99%
- 5Y*
- -1.24%
- 10Y*
- 2.60%
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LMSMX vs. TNUIX - Expense Ratio Comparison
LMSMX has a 0.00% expense ratio, which is lower than TNUIX's 0.50% expense ratio.
Return for Risk
LMSMX vs. TNUIX — Risk / Return Rank
LMSMX
TNUIX
LMSMX vs. TNUIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset SMASh Series M Fund (LMSMX) 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.
| LMSMX | TNUIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 0.94 | +0.17 |
Sortino ratioReturn per unit of downside risk | 1.64 | 1.39 | +0.25 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.18 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.61 | 1.50 | +0.11 |
Martin ratioReturn relative to average drawdown | 5.40 | 5.38 | +0.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LMSMX | TNUIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 0.94 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.18 | -0.13 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.29 | -0.12 |
Correlation
The correlation between LMSMX and TNUIX is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
LMSMX vs. TNUIX - Dividend Comparison
LMSMX's dividend yield for the trailing twelve months is around 4.38%, less than TNUIX's 5.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
LMSMX Western Asset SMASh Series M Fund | 4.38% | 4.20% | 5.24% | 4.68% | 3.40% | 3.78% | 6.84% | 7.19% | 3.18% | 3.24% | 0.00% |
TNUIX 1290 Diversified Bond Fund | 5.38% | 7.28% | 6.39% | 3.71% | 3.51% | 4.61% | 2.68% | 8.07% | 3.67% | 2.94% | 0.12% |
Drawdowns
LMSMX vs. TNUIX - Drawdown Comparison
The maximum LMSMX drawdown since its inception was -30.76%, which is greater than TNUIX's maximum drawdown of -26.30%. Use the drawdown chart below to compare losses from any high point for LMSMX and TNUIX.
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Drawdown Indicators
| LMSMX | TNUIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.76% | -26.30% | -4.46% |
Max Drawdown (1Y)Largest decline over 1 year | -4.83% | -3.93% | -0.90% |
Max Drawdown (5Y)Largest decline over 5 years | -30.18% | -26.30% | -3.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.30% | — |
Current DrawdownCurrent decline from peak | -13.02% | -9.42% | -3.60% |
Average DrawdownAverage peak-to-trough decline | -10.07% | -6.27% | -3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 1.10% | +0.34% |
Volatility
LMSMX vs. TNUIX - Volatility Comparison
The current volatility for Western Asset SMASh Series M Fund (LMSMX) is 1.52%, while 1290 Diversified Bond Fund (TNUIX) has a volatility of 1.94%. This indicates that LMSMX 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
| LMSMX | TNUIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 1.94% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 3.22% | -0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.95% | 6.26% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.39% | 9.43% | +0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.22% | 7.67% | +0.55% |