RMDFX vs. TNMAX
Compare and contrast key facts about Aspiriant Defensive Allocation Fund (RMDFX) and 1290 Multi-Alternative Strategies Fund Class A (TNMAX).
RMDFX is managed by Aspiriant. It was launched on Dec 13, 2015. TNMAX is an actively managed fund by Equitable. It was launched on Jul 6, 2015.
Performance
RMDFX vs. TNMAX - Performance Comparison
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RMDFX vs. TNMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RMDFX Aspiriant Defensive Allocation Fund | 3.28% | 18.85% | 1.45% | 8.01% | -6.84% | 4.20% | 5.10% | 11.50% | -4.89% | 9.41% |
TNMAX 1290 Multi-Alternative Strategies Fund Class A | 5.27% | 13.21% | 8.95% | 5.08% | -11.31% | 3.00% | 4.28% | 7.38% | -4.34% | 3.91% |
Returns By Period
In the year-to-date period, RMDFX achieves a 3.28% return, which is significantly lower than TNMAX's 5.27% return. Over the past 10 years, RMDFX has outperformed TNMAX with an annualized return of 4.99%, while TNMAX has yielded a comparatively lower 3.66% annualized return.
RMDFX
- 1D
- 0.74%
- 1M
- -2.77%
- YTD
- 3.28%
- 6M
- 8.17%
- 1Y
- 18.01%
- 3Y*
- 9.73%
- 5Y*
- 5.27%
- 10Y*
- 4.99%
TNMAX
- 1D
- 1.20%
- 1M
- -2.48%
- YTD
- 5.27%
- 6M
- 7.10%
- 1Y
- 17.06%
- 3Y*
- 10.61%
- 5Y*
- 3.93%
- 10Y*
- 3.66%
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RMDFX vs. TNMAX - Expense Ratio Comparison
RMDFX has a 0.18% expense ratio, which is lower than TNMAX's 1.52% expense ratio.
Return for Risk
RMDFX vs. TNMAX — Risk / Return Rank
RMDFX
TNMAX
RMDFX vs. TNMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aspiriant Defensive Allocation Fund (RMDFX) and 1290 Multi-Alternative Strategies Fund Class A (TNMAX). 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.
| RMDFX | TNMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.59 | 1.97 | +1.61 |
Sortino ratioReturn per unit of downside risk | 4.93 | 2.68 | +2.24 |
Omega ratioGain probability vs. loss probability | 1.79 | 1.43 | +0.36 |
Calmar ratioReturn relative to maximum drawdown | 4.33 | 3.06 | +1.27 |
Martin ratioReturn relative to average drawdown | 17.94 | 15.26 | +2.68 |
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
| RMDFX | TNMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.59 | 1.97 | +1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.51 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.52 | +0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.54 | +0.25 |
Correlation
The correlation between RMDFX and TNMAX is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
RMDFX vs. TNMAX - Dividend Comparison
RMDFX's dividend yield for the trailing twelve months is around 4.49%, more than TNMAX's 1.84% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
RMDFX Aspiriant Defensive Allocation Fund | 4.49% | 4.63% | 0.00% | 3.69% | 0.78% | 5.37% | 2.28% | 3.78% | 4.11% | 2.16% | 1.16% |
TNMAX 1290 Multi-Alternative Strategies Fund Class A | 1.84% | 1.94% | 1.33% | 3.12% | 2.59% | 10.42% | 0.55% | 1.92% | 0.97% | 0.37% | 0.37% |
Drawdowns
RMDFX vs. TNMAX - Drawdown Comparison
The maximum RMDFX drawdown since its inception was -15.96%, smaller than the maximum TNMAX drawdown of -17.29%. Use the drawdown chart below to compare losses from any high point for RMDFX and TNMAX.
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Drawdown Indicators
| RMDFX | TNMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.96% | -17.29% | +1.33% |
Max Drawdown (1Y)Largest decline over 1 year | -4.19% | -5.73% | +1.54% |
Max Drawdown (5Y)Largest decline over 5 years | -14.63% | -16.46% | +1.83% |
Max Drawdown (10Y)Largest decline over 10 years | -15.96% | -17.29% | +1.33% |
Current DrawdownCurrent decline from peak | -3.08% | -2.48% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -4.09% | +0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 1.15% | -0.14% |
Volatility
RMDFX vs. TNMAX - Volatility Comparison
The current volatility for Aspiriant Defensive Allocation Fund (RMDFX) is 2.19%, while 1290 Multi-Alternative Strategies Fund Class A (TNMAX) has a volatility of 3.14%. This indicates that RMDFX experiences smaller price fluctuations and is considered to be less risky than TNMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RMDFX | TNMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 3.14% | -0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 3.89% | 6.74% | -2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.05% | 8.81% | -3.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.34% | 7.68% | -1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.21% | 7.12% | -0.91% |