TNBIX vs. GSLC
Compare and contrast key facts about 1290 SmartBeta Equity Fund (TNBIX) and Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC).
TNBIX is managed by 1290 Funds. It was launched on Nov 11, 2014. GSLC is a passively managed fund by Goldman Sachs that tracks the performance of the Goldman Sachs ActiveBeta U.S. Large Cap Equity Index. It was launched on Sep 17, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TNBIX or GSLC.
Key characteristics
| TNBIX | GSLC | |
|---|---|---|
| YTD Return | 16.38% | 18.33% |
| 1Y Return | 24.53% | 28.29% |
| 3Y Return (Ann) | 7.31% | 8.94% |
| 5Y Return (Ann) | 10.86% | 14.45% |
| Sharpe Ratio | 2.30 | 2.24 |
| Daily Std Dev | 10.55% | 12.55% |
| Max Drawdown | -32.65% | -33.69% |
| Current Drawdown | -0.62% | -0.54% |
Correlation
The correlation between TNBIX and GSLC is 0.92, 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.
Performance
TNBIX vs. GSLC - Performance Comparison
In the year-to-date period, TNBIX achieves a 16.38% return, which is significantly lower than GSLC's 18.33% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TNBIX vs. GSLC - Expense Ratio Comparison
TNBIX has a 0.85% expense ratio, which is higher than GSLC's 0.09% expense ratio.
Risk-Adjusted Performance
TNBIX vs. GSLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for 1290 SmartBeta Equity Fund (TNBIX) and Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC). 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
TNBIX vs. GSLC - Dividend Comparison
TNBIX's dividend yield for the trailing twelve months is around 1.24%, more than GSLC's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TNBIX 1290 SmartBeta Equity Fund | 1.24% | 1.45% | 1.08% | 7.47% | 1.31% | 2.27% | 5.45% | 3.01% | 1.32% | 1.74% | 0.33% |
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 1.17% | 1.38% | 1.61% | 1.06% | 1.02% | 1.54% | 1.89% | 1.69% | 1.69% | 0.36% | 0.00% |
Drawdowns
TNBIX vs. GSLC - Drawdown Comparison
The maximum TNBIX drawdown since its inception was -32.65%, roughly equal to the maximum GSLC drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for TNBIX and GSLC. For additional features, visit the drawdowns tool.
Volatility
TNBIX vs. GSLC - Volatility Comparison
The current volatility for 1290 SmartBeta Equity Fund (TNBIX) is 3.00%, while Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) has a volatility of 3.84%. This indicates that TNBIX experiences smaller price fluctuations and is considered to be less risky than GSLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.