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SCHJ vs. TNHIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.00.4

Performance

SCHJ vs. TNHIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab 1-5 Year Corporate Bond ETF (SCHJ) and 1290 High Yield Bond Fund (TNHIX). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
3.45%
4.17%
SCHJ
TNHIX

Key characteristics

Sharpe Ratio

SCHJ:

2.43

TNHIX:

2.86

Sortino Ratio

SCHJ:

3.85

TNHIX:

3.97

Omega Ratio

SCHJ:

1.49

TNHIX:

1.64

Calmar Ratio

SCHJ:

0.06

TNHIX:

5.14

Martin Ratio

SCHJ:

13.37

TNHIX:

20.92

Ulcer Index

SCHJ:

0.46%

TNHIX:

0.38%

Daily Std Dev

SCHJ:

2.53%

TNHIX:

2.79%

Max Drawdown

SCHJ:

-99.30%

TNHIX:

-17.11%

Current Drawdown

SCHJ:

-99.10%

TNHIX:

-1.40%

Returns By Period

In the year-to-date period, SCHJ achieves a 5.70% return, which is significantly lower than TNHIX's 7.47% return.


SCHJ

YTD

5.70%

1M

0.21%

6M

3.78%

1Y

6.05%

5Y*

2.86%

10Y*

N/A

TNHIX

YTD

7.47%

1M

-0.66%

6M

4.29%

1Y

7.86%

5Y*

4.02%

10Y*

4.67%

Compare stocks, funds, or ETFs

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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.


TNHIX
1290 High Yield Bond Fund
Expense ratio chart for TNHIX: current value at 1.18% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.18%
Expense ratio chart for SCHJ: current value at 0.05% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.05%

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.


Sharpe ratio
The chart of Sharpe ratio for SCHJ, currently valued at 2.43, compared to the broader market0.002.004.002.432.86
The chart of Sortino ratio for SCHJ, currently valued at 3.85, compared to the broader market-2.000.002.004.006.008.0010.003.853.97
The chart of Omega ratio for SCHJ, currently valued at 1.49, compared to the broader market0.501.001.502.002.503.001.491.64
The chart of Calmar ratio for SCHJ, currently valued at 0.06, compared to the broader market0.005.0010.0015.000.065.14
The chart of Martin ratio for SCHJ, currently valued at 13.37, compared to the broader market0.0020.0040.0060.0080.00100.0013.3720.92
SCHJ
TNHIX

The current SCHJ Sharpe Ratio is 2.43, which is comparable to the TNHIX Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of SCHJ and TNHIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio2.503.003.504.004.505.00JulyAugustSeptemberOctoberNovemberDecember
2.43
2.86
SCHJ
TNHIX

Dividends

SCHJ vs. TNHIX - Dividend Comparison

SCHJ's dividend yield for the trailing twelve months is around 5.00%, less than TNHIX's 5.88% yield.


TTM2023202220212020201920182017201620152014
SCHJ
Schwab 1-5 Year Corporate Bond ETF
5.00%4.01%2.42%1.60%3.56%0.67%0.00%0.00%0.00%0.00%0.00%
TNHIX
1290 High Yield Bond Fund
5.88%6.01%5.89%4.77%5.19%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 -99.30%, which is greater than TNHIX's maximum 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.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-99.10%
-1.40%
SCHJ
TNHIX

Volatility

SCHJ vs. TNHIX - Volatility Comparison

The current volatility for Schwab 1-5 Year Corporate Bond ETF (SCHJ) is 0.67%, while 1290 High Yield Bond Fund (TNHIX) has a volatility of 1.13%. This indicates that SCHJ experiences smaller price fluctuations and is considered to be less risky than TNHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%0.60%0.70%0.80%0.90%1.00%1.10%JulyAugustSeptemberOctoberNovemberDecember
0.67%
1.13%
SCHJ
TNHIX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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