TNBIX vs. MVGIX

Last updated Jun 3, 2026

TNBIX (1290 SmartBeta Equity Fund) and MVGIX (MFS Low Volatility Global Equity Fund) are both Global Equities funds. Over the past 10 years, TNBIX returned 10.58%/yr vs 9.22%/yr for MVGIX. Their correlation of 0.92 suggests significant overlap in exposure. TNBIX charges 0.85%/yr vs 0.74%/yr for MVGIX.

Performance

TNBIX vs. MVGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 1290 SmartBeta Equity Fund (TNBIX) and MFS Low Volatility Global Equity Fund (MVGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TNBIX achieves a 3.71% return, which is significantly higher than MVGIX's 2.95% return. Over the past 10 years, TNBIX has outperformed MVGIX with an annualized return of 10.58%, while MVGIX has yielded a comparatively lower 9.22% annualized return.

TNBIX

• 1D: -0.43%
• 1M: 0.48%
• YTD: 3.71%
• 6M: 4.50%
• 1Y: 11.45%
• 3Y*: 14.70%
• 5Y*: 8.97%
• 10Y*: 10.58%

MVGIX

• 1D: 0.00%
• 1M: 0.28%
• YTD: 2.95%
• 6M: 3.95%
• 1Y: 10.44%
• 3Y*: 13.00%
• 5Y*: 8.71%
• 10Y*: 9.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TNBIX vs. MVGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TNBIX 1290 SmartBeta Equity Fund	3.71%	13.93%	16.70%	16.79%	-14.43%	22.84%	11.09%	26.66%	-5.66%	19.93%
MVGIX MFS Low Volatility Global Equity Fund	2.95%	16.30%	12.64%	13.71%	-8.21%	16.84%	5.47%	20.59%	-2.40%	18.49%

Correlation

The correlation between TNBIX and MVGIX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Dec 1, 2014	0.92

The correlation between TNBIX and MVGIX has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.

Return for Risk

TNBIX vs. MVGIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TNBIX

TNBIX Risk / Return Rank: 22
TNBIX Sharpe Ratio Rank: 21
TNBIX Sortino Ratio Rank: 21
TNBIX Omega Ratio Rank: 20
TNBIX Calmar Ratio Rank: 18
TNBIX Martin Ratio Rank: 29

MVGIX

MVGIX Risk / Return Rank: 17
MVGIX Sharpe Ratio Rank: 19
MVGIX Sortino Ratio Rank: 19
MVGIX Omega Ratio Rank: 19
MVGIX Calmar Ratio Rank: 12
MVGIX Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TNBIX vs. MVGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 1290 SmartBeta Equity Fund (TNBIX) and MFS Low Volatility Global Equity Fund (MVGIX). 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.

	TNBIX	MVGIX	Difference
Sharpe ratio Return per unit of total volatility	1.33	1.26	+0.07
Sortino ratio Return per unit of downside risk	1.93	1.82	+0.11
Omega ratio Gain probability vs. loss probability	1.24	1.23	+0.01
Calmar ratio Return relative to maximum drawdown	1.56	1.18	+0.37
Martin ratio Return relative to average drawdown	6.90	3.94	+2.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TNBIX vs. MVGIX - Sharpe Ratio Comparison

The current TNBIX Sharpe Ratio is 1.33, which is comparable to the MVGIX Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of TNBIX and MVGIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TNBIX	MVGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	1.26	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.83	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	0.75	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.74	-0.10

Drawdowns

TNBIX vs. MVGIX - Drawdown Comparison

The maximum TNBIX drawdown since its inception was -30.11%, roughly equal to the maximum MVGIX drawdown of -30.19%. Use the drawdown chart below to compare losses from any high point for TNBIX and MVGIX.

Drawdown Indicators

	TNBIX	MVGIX	Difference
Max Drawdown Largest peak-to-trough decline	-30.11%	-30.19%	+0.08%
Max Drawdown (1Y) Largest decline over 1 year	-7.76%	-8.65%	+0.89%
Max Drawdown (3Y) Largest decline over 3 years	-12.07%	-8.70%	-3.37%
Max Drawdown (5Y) Largest decline over 5 years	-23.13%	-18.01%	-5.12%
Max Drawdown (10Y) Largest decline over 10 years	-30.11%	-30.19%	+0.08%
Current Drawdown Current decline from peak	-0.66%	-4.35%	+3.69%
Average Drawdown Average peak-to-trough decline	-3.97%	-2.91%	-1.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	2.59%	-0.84%

Volatility

TNBIX vs. MVGIX - Volatility Comparison

1290 SmartBeta Equity Fund (TNBIX) and MFS Low Volatility Global Equity Fund (MVGIX) have volatilities of 2.08% and 2.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TNBIX	MVGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.08%	2.02%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	6.87%	6.26%	+0.61%
Volatility (1Y) Calculated over the trailing 1-year period	8.91%	8.14%	+0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.23%	10.54%	+2.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.79%	12.39%	+2.40%

TNBIX vs. MVGIX - Expense Ratio Comparison

TNBIX has a 0.85% expense ratio, which is higher than MVGIX's 0.74% expense ratio.

Dividends

TNBIX vs. MVGIX - Dividend Comparison

TNBIX's dividend yield for the trailing twelve months is around 4.62%, less than MVGIX's 10.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MVGIX MFS Low Volatility Global Equity Fund	10.63%	10.94%	7.84%	1.88%	3.98%	9.43%	1.55%	2.79%	4.98%	1.95%	1.60%	1.94%
TNBIX 1290 SmartBeta Equity Fund	4.62%	4.80%	4.47%	1.44%	1.08%	7.47%	1.31%	2.27%	5.45%	1.59%	1.32%	0.00%

Frequently Asked Questions

Can I hold both TNBIX and MVGIX in my portfolio?

TNBIX and MVGIX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TNBIX or MVGIX?

TNBIX has higher volatility (2.08%) compared to MVGIX (2.02%). In terms of maximum drawdown, TNBIX dropped -30.11% vs MVGIX's -30.19%.

Which has better risk-adjusted returns?

TNBIX currently has the higher Sharpe Ratio (1.33 vs 1.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.