SCHJ vs. TNHIX
Compare and contrast key facts about Schwab 1-5 Year Corporate Bond ETF (SCHJ) and 1290 High Yield Bond Fund (TNHIX).
SCHJ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Corporate (1-5 Y). It was launched on Oct 10, 2019. TNHIX is managed by 1290 Funds. It was launched on Nov 12, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCHJ or TNHIX.
Key characteristics
| SCHJ | TNHIX | |
|---|---|---|
| YTD Return | 5.21% | 7.18% |
| 1Y Return | 9.30% | 12.99% |
| 3Y Return (Ann) | 1.47% | 3.04% |
| Sharpe Ratio | 3.47 | 3.58 |
| Daily Std Dev | 2.73% | 3.71% |
| Max Drawdown | -13.62% | -17.11% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between SCHJ and TNHIX is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SCHJ vs. TNHIX - Performance Comparison
In the year-to-date period, SCHJ achieves a 5.21% return, which is significantly lower than TNHIX's 7.18% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SCHJ vs. TNHIX - Expense Ratio Comparison
SCHJ has a 0.05% expense ratio, which is lower than TNHIX's 1.18% expense ratio.
Risk-Adjusted Performance
SCHJ vs. TNHIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab 1-5 Year Corporate Bond ETF (SCHJ) and 1290 High Yield Bond Fund (TNHIX). 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.
Dividends
SCHJ vs. TNHIX - Dividend Comparison
SCHJ's dividend yield for the trailing twelve months is around 3.66%, less than TNHIX's 6.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SCHJ Schwab 1-5 Year Corporate Bond ETF | 3.66% | 2.98% | 1.64% | 0.94% | 2.54% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TNHIX 1290 High Yield Bond Fund | 6.22% | 5.98% | 5.89% | 4.78% | 5.17% | 5.51% | 5.84% | 5.47% | 6.40% | 7.85% | 0.93% |
Drawdowns
SCHJ vs. TNHIX - Drawdown Comparison
The maximum SCHJ drawdown since its inception was -13.62%, smaller than the maximum TNHIX drawdown of -17.11%. Use the drawdown chart below to compare losses from any high point for SCHJ and TNHIX. For additional features, visit the drawdowns tool.
Volatility
SCHJ vs. TNHIX - Volatility Comparison
Schwab 1-5 Year Corporate Bond ETF (SCHJ) has a higher volatility of 0.63% compared to 1290 High Yield Bond Fund (TNHIX) at 0.52%. This indicates that SCHJ's price experiences larger fluctuations and is considered to be riskier than TNHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.