TNBIX vs. TNHIX
TNBIX (1290 SmartBeta Equity Fund) and TNHIX (1290 High Yield Bond Fund) are both mutual funds - TNBIX is a Global Equities fund managed by 1290 Funds, while TNHIX is a High Yield Bonds fund managed by 1290 Funds. Over the past 10 years, TNBIX returned 10.84%/yr vs 4.92%/yr for TNHIX. At a 0.46 correlation, their price movements are largely independent. TNBIX charges 0.85%/yr vs 1.18%/yr for TNHIX.
Performance
TNBIX vs. TNHIX - Performance Comparison
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Returns By Period
In the year-to-date period, TNBIX achieves a 2.82% return, which is significantly higher than TNHIX's 1.27% return. Over the past 10 years, TNBIX has outperformed TNHIX with an annualized return of 10.84%, while TNHIX has yielded a comparatively lower 4.92% annualized return.
TNBIX
- 1D
- -0.57%
- 1M
- -1.47%
- YTD
- 2.82%
- 6M
- 2.16%
- 1Y
- 11.00%
- 3Y*
- 14.00%
- 5Y*
- 8.72%
- 10Y*
- 10.84%
TNHIX
- 1D
- 0.00%
- 1M
- 0.77%
- YTD
- 1.27%
- 6M
- 1.50%
- 1Y
- 5.37%
- 3Y*
- 8.22%
- 5Y*
- 3.85%
- 10Y*
- 4.92%
TNBIX vs. TNHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNBIX 1290 SmartBeta Equity Fund | 2.82% | 13.93% | 16.70% | 16.79% | -14.43% | 22.84% | 11.09% | 26.66% | -5.66% | 19.93% |
TNHIX 1290 High Yield Bond Fund | 1.27% | 8.03% | 8.13% | 11.51% | -9.91% | 4.08% | 7.06% | 12.74% | -2.00% | 5.50% |
Correlation
The correlation between TNBIX and TNHIX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2014 | 0.46 |
The correlation between TNBIX and TNHIX shifts across timeframes, from 0.46 (all time) to 0.62 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TNBIX vs. TNHIX — Risk / Return Rank
TNBIX
TNHIX
TNBIX vs. TNHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 1290 SmartBeta Equity Fund (TNBIX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TNBIX | TNHIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.39 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 2.61 | -1.05 |
| Martin ratioReturn relative to average drawdown | 6.88 | 12.24 | -5.36 |
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Drawdowns
TNBIX vs. TNHIX - Drawdown Comparison
The maximum TNBIX drawdown since its inception was -30.11%, which is greater than TNHIX's maximum drawdown of -18.62%. Use the drawdown chart below to compare losses from any high point for TNBIX and TNHIX.
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Drawdown Indicators
| TNBIX | TNHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.11% | -18.62% | -11.49% |
Max Drawdown (1Y)Largest decline over 1 year | -7.76% | -2.11% | -5.65% |
Max Drawdown (3Y)Largest decline over 3 years | -12.07% | -3.65% | -8.42% |
Max Drawdown (5Y)Largest decline over 5 years | -23.13% | -13.52% | -9.61% |
Max Drawdown (10Y)Largest decline over 10 years | -30.11% | -17.00% | -13.11% |
Current DrawdownCurrent decline from peak | -1.61% | -0.24% | -1.37% |
Average DrawdownAverage peak-to-trough decline | -3.95% | -3.31% | -0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 0.45% | +1.31% |
Volatility
TNBIX vs. TNHIX - Volatility Comparison
1290 SmartBeta Equity Fund (TNBIX) has a higher volatility of 2.69% compared to 1290 High Yield Bond Fund (TNHIX) at 0.76%. This indicates that TNBIX'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.
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Volatility by Period
| TNBIX | TNHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 0.76% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 7.21% | 2.28% | +4.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.10% | 2.85% | +6.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.25% | 4.24% | +9.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.79% | 4.57% | +10.22% |
TNBIX vs. TNHIX - Expense Ratio Comparison
TNBIX has a 0.85% expense ratio, which is lower than TNHIX's 1.18% expense ratio.
Dividends
TNBIX vs. TNHIX - Dividend Comparison
TNBIX's dividend yield for the trailing twelve months is around 4.66%, less than TNHIX's 6.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
TNBIX 1290 SmartBeta Equity Fund | 4.66% | 4.80% | 4.47% | 1.44% | 1.08% | 7.47% | 1.31% | 2.27% | 5.45% | 1.59% | 1.32% |
TNHIX 1290 High Yield Bond Fund | 6.35% | 6.29% | 6.37% | 5.43% | 5.44% | 4.76% | 5.16% | 5.51% | 5.84% | 3.62% | 0.01% |
Frequently Asked Questions
TNBIX and TNHIX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TNBIX has higher volatility (2.69%) compared to TNHIX (0.76%). In terms of maximum drawdown, TNBIX dropped -30.11% vs TNHIX's -18.62%.
TNHIX currently has the higher Sharpe Ratio (1.94 vs 1.34), 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.
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