TNBIX vs. SSGLX
Compare and contrast key facts about 1290 SmartBeta Equity Fund (TNBIX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX).
TNBIX is managed by 1290 Funds. It was launched on Nov 11, 2014. SSGLX is a passively managed fund by State Street that tracks the performance of the MSCI ACWI ex USA Investable Market Index. It was launched on Sep 17, 2014.
Performance
TNBIX vs. SSGLX - Performance Comparison
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TNBIX vs. SSGLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNBIX 1290 SmartBeta Equity Fund | -2.03% | 13.93% | 16.70% | 16.79% | -14.43% | 22.84% | 11.09% | 26.66% | -5.66% | 19.93% |
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | 1.29% | 32.64% | 4.98% | 15.67% | -16.44% | 8.36% | 11.11% | 21.52% | -14.05% | 27.12% |
Returns By Period
In the year-to-date period, TNBIX achieves a -2.03% return, which is significantly lower than SSGLX's 1.29% return. Over the past 10 years, TNBIX has outperformed SSGLX with an annualized return of 10.18%, while SSGLX has yielded a comparatively lower 8.79% annualized return.
TNBIX
- 1D
- 1.91%
- 1M
- -5.49%
- YTD
- -2.03%
- 6M
- -0.91%
- 1Y
- 10.43%
- 3Y*
- 13.36%
- 5Y*
- 8.69%
- 10Y*
- 10.18%
SSGLX
- 1D
- 1.94%
- 1M
- -7.37%
- YTD
- 1.29%
- 6M
- 5.27%
- 1Y
- 26.80%
- 3Y*
- 15.14%
- 5Y*
- 7.06%
- 10Y*
- 8.79%
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TNBIX vs. SSGLX - Expense Ratio Comparison
TNBIX has a 0.85% expense ratio, which is higher than SSGLX's 0.07% expense ratio.
Return for Risk
TNBIX vs. SSGLX — Risk / Return Rank
TNBIX
SSGLX
TNBIX vs. SSGLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 1290 SmartBeta Equity Fund (TNBIX) and State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX). 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 | SSGLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 1.76 | -0.91 |
Sortino ratioReturn per unit of downside risk | 1.28 | 2.37 | -1.09 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.36 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.20 | 2.35 | -1.14 |
Martin ratioReturn relative to average drawdown | 5.76 | 9.17 | -3.41 |
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
| TNBIX | SSGLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 1.76 | -0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.49 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.55 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.38 | +0.23 |
Correlation
The correlation between TNBIX and SSGLX is 0.78, 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
TNBIX vs. SSGLX - Dividend Comparison
TNBIX's dividend yield for the trailing twelve months is around 4.89%, more than SSGLX's 4.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TNBIX 1290 SmartBeta Equity Fund | 4.89% | 4.80% | 4.47% | 1.44% | 1.08% | 7.47% | 1.31% | 2.27% | 5.45% | 1.59% | 1.32% | 0.00% |
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K | 4.36% | 4.41% | 4.46% | 2.98% | 2.85% | 4.20% | 1.72% | 4.80% | 8.32% | 3.98% | 1.52% | 2.09% |
Drawdowns
TNBIX vs. SSGLX - Drawdown Comparison
The maximum TNBIX drawdown since its inception was -30.11%, smaller than the maximum SSGLX drawdown of -35.88%. Use the drawdown chart below to compare losses from any high point for TNBIX and SSGLX.
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Drawdown Indicators
| TNBIX | SSGLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.11% | -35.88% | +5.77% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -11.22% | +1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -23.13% | -30.08% | +6.95% |
Max Drawdown (10Y)Largest decline over 10 years | -30.11% | -35.88% | +5.77% |
Current DrawdownCurrent decline from peak | -5.81% | -9.15% | +3.34% |
Average DrawdownAverage peak-to-trough decline | -4.01% | -8.32% | +4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 2.87% | -0.88% |
Volatility
TNBIX vs. SSGLX - Volatility Comparison
The current volatility for 1290 SmartBeta Equity Fund (TNBIX) is 4.15%, while State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) has a volatility of 6.71%. This indicates that TNBIX experiences smaller price fluctuations and is considered to be less risky than SSGLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TNBIX | SSGLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 6.71% | -2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 6.82% | 10.18% | -3.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.88% | 15.57% | -2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.26% | 14.51% | -1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.79% | 16.15% | -1.36% |