TNBIX vs. TNUIX

Last updated Jun 3, 2026

TNBIX (1290 SmartBeta Equity Fund) and TNUIX (1290 Diversified Bond Fund) are both mutual funds - TNBIX is a Global Equities fund managed by 1290 Funds, while TNUIX is a Intermediate Core-Plus Bond fund managed by 1290 Funds. Over the past 10 years, TNBIX returned 10.58%/yr vs 2.80%/yr for TNUIX. At a 0.25 correlation, their price movements are largely independent. TNBIX charges 0.85%/yr vs 0.50%/yr for TNUIX.

Performance

TNBIX vs. TNUIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 1290 SmartBeta Equity Fund (TNBIX) and 1290 Diversified Bond Fund (TNUIX). 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 TNUIX's 1.71% return. Over the past 10 years, TNBIX has outperformed TNUIX with an annualized return of 10.58%, while TNUIX has yielded a comparatively lower 2.80% 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%

TNUIX

• 1D: 0.12%
• 1M: 0.75%
• YTD: 1.71%
• 6M: 1.68%
• 1Y: 6.92%
• 3Y*: 3.50%
• 5Y*: -1.28%
• 10Y*: 2.80%

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

TNBIX vs. TNUIX - 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%
TNUIX 1290 Diversified Bond Fund	1.71%	10.61%	-3.72%	3.21%	-12.54%	-2.46%	17.14%	10.28%	2.30%	3.47%

Correlation

The correlation between TNBIX and TNUIX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jul 10, 2015	0.25

Return for Risk

TNBIX vs. TNUIX — 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

TNUIX

TNUIX Risk / Return Rank: 23
TNUIX Sharpe Ratio Rank: 15
TNUIX Sortino Ratio Rank: 16
TNUIX Omega Ratio Rank: 16
TNUIX Calmar Ratio Rank: 42
TNUIX Martin Ratio Rank: 26

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. TNUIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 1290 SmartBeta Equity Fund (TNBIX) and 1290 Diversified Bond Fund (TNUIX). 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	TNUIX	Difference
Sharpe ratio Return per unit of total volatility	1.33	1.11	+0.22
Sortino ratio Return per unit of downside risk	1.93	1.68	+0.25
Omega ratio Gain probability vs. loss probability	1.24	1.21	+0.03
Calmar ratio Return relative to maximum drawdown	1.56	2.46	-0.91
Martin ratio Return relative to average drawdown	6.90	6.35	+0.54
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. TNUIX - Sharpe Ratio Comparison

The current TNBIX Sharpe Ratio is 1.33, which is comparable to the TNUIX Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of TNBIX and TNUIX, 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	TNUIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	1.11	+0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	-0.14	+0.82
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	0.36	+0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.32	+0.32

Drawdowns

TNBIX vs. TNUIX - Drawdown Comparison

The maximum TNBIX drawdown since its inception was -30.11%, which is greater than TNUIX's maximum drawdown of -26.30%. Use the drawdown chart below to compare losses from any high point for TNBIX and TNUIX.

Drawdown Indicators

	TNBIX	TNUIX	Difference
Max Drawdown Largest peak-to-trough decline	-30.11%	-26.30%	-3.81%
Max Drawdown (1Y) Largest decline over 1 year	-7.76%	-2.71%	-5.05%
Max Drawdown (3Y) Largest decline over 3 years	-12.07%	-14.40%	+2.33%
Max Drawdown (5Y) Largest decline over 5 years	-23.13%	-26.30%	+3.17%
Max Drawdown (10Y) Largest decline over 10 years	-30.11%	-26.30%	-3.81%
Current Drawdown Current decline from peak	-0.66%	-6.97%	+6.31%
Average Drawdown Average peak-to-trough decline	-3.97%	-6.29%	+2.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	1.05%	+0.70%

Volatility

TNBIX vs. TNUIX - Volatility Comparison

1290 SmartBeta Equity Fund (TNBIX) and 1290 Diversified Bond Fund (TNUIX) have volatilities of 2.08% and 2.11%, 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	TNUIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.08%	2.11%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	6.87%	4.04%	+2.83%
Volatility (1Y) Calculated over the trailing 1-year period	8.91%	5.94%	+2.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.23%	9.49%	+3.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.79%	7.73%	+7.06%

TNBIX vs. TNUIX - Expense Ratio Comparison

TNBIX has a 0.85% expense ratio, which is higher than TNUIX's 0.50% expense ratio.

Dividends

TNBIX vs. TNUIX - Dividend Comparison

TNBIX's dividend yield for the trailing twelve months is around 4.62%, more than TNUIX's 3.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
TNUIX 1290 Diversified Bond Fund	3.31%	7.28%	6.39%	3.71%	3.51%	4.61%	2.68%	8.07%	3.67%	2.94%	0.12%

Frequently Asked Questions

Can I hold both TNBIX and TNUIX in my portfolio?

TNBIX and TNUIX have a correlation of 0.28, 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 TNUIX?

TNUIX has higher volatility (2.11%) compared to TNBIX (2.08%). In terms of maximum drawdown, TNBIX dropped -30.11% vs TNUIX's -26.30%.

Which has better risk-adjusted returns?

TNBIX currently has the higher Sharpe Ratio (1.33 vs 1.11), 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.