TNHIX vs. FQTIX
Compare and contrast key facts about 1290 High Yield Bond Fund (TNHIX) and Franklin Templeton SMACS: Series I (FQTIX).
TNHIX is managed by 1290 Funds. It was launched on Nov 12, 2014. FQTIX is managed by Franklin Templeton. It was launched on Jun 3, 2019.
Performance
TNHIX vs. FQTIX - Performance Comparison
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TNHIX vs. FQTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TNHIX 1290 High Yield Bond Fund | -1.42% | 8.03% | 8.13% | 11.51% | -9.91% | 4.08% | 7.06% | 5.39% |
FQTIX Franklin Templeton SMACS: Series I | 0.52% | 7.51% | 8.03% | 13.44% | -14.39% | 8.51% | 3.68% | 4.11% |
Returns By Period
In the year-to-date period, TNHIX achieves a -1.42% return, which is significantly lower than FQTIX's 0.52% return.
TNHIX
- 1D
- 0.24%
- 1M
- -1.52%
- YTD
- -1.42%
- 6M
- -0.12%
- 1Y
- 5.91%
- 3Y*
- 7.53%
- 5Y*
- 3.62%
- 10Y*
- 4.90%
FQTIX
- 1D
- 0.25%
- 1M
- -1.83%
- YTD
- 0.52%
- 6M
- 2.66%
- 1Y
- 9.72%
- 3Y*
- 7.86%
- 5Y*
- 3.61%
- 10Y*
- —
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TNHIX vs. FQTIX - Expense Ratio Comparison
TNHIX has a 1.18% expense ratio, which is higher than FQTIX's 0.00% expense ratio.
Return for Risk
TNHIX vs. FQTIX — Risk / Return Rank
TNHIX
FQTIX
TNHIX vs. FQTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 1290 High Yield Bond Fund (TNHIX) and Franklin Templeton SMACS: Series I (FQTIX). 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.
| TNHIX | FQTIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.72 | 2.55 | -0.83 |
Sortino ratioReturn per unit of downside risk | 2.42 | 3.46 | -1.04 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.61 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.87 | 3.85 | -1.99 |
Martin ratioReturn relative to average drawdown | 9.02 | 17.15 | -8.13 |
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
| TNHIX | FQTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 2.55 | -0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.61 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.55 | +0.11 |
Correlation
The correlation between TNHIX and FQTIX is 0.73, 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
TNHIX vs. FQTIX - Dividend Comparison
TNHIX's dividend yield for the trailing twelve months is around 5.87%, less than FQTIX's 7.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TNHIX 1290 High Yield Bond Fund | 5.87% | 6.29% | 6.37% | 5.43% | 5.44% | 4.76% | 5.16% | 5.51% | 5.84% | 3.62% | 0.01% |
FQTIX Franklin Templeton SMACS: Series I | 7.03% | 5.70% | 7.86% | 7.64% | 8.10% | 7.15% | 6.89% | 5.63% | 0.00% | 0.00% | 0.00% |
Drawdowns
TNHIX vs. FQTIX - Drawdown Comparison
The maximum TNHIX drawdown since its inception was -18.62%, smaller than the maximum FQTIX drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for TNHIX and FQTIX.
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Drawdown Indicators
| TNHIX | FQTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.62% | -24.62% | +6.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -2.41% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -13.52% | -18.81% | +5.29% |
Max Drawdown (10Y)Largest decline over 10 years | -17.00% | — | — |
Current DrawdownCurrent decline from peak | -1.88% | -1.95% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -4.42% | +1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.54% | +0.07% |
Volatility
TNHIX vs. FQTIX - Volatility Comparison
The current volatility for 1290 High Yield Bond Fund (TNHIX) is 1.34%, while Franklin Templeton SMACS: Series I (FQTIX) has a volatility of 1.57%. This indicates that TNHIX experiences smaller price fluctuations and is considered to be less risky than FQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TNHIX | FQTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 1.57% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 2.38% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.37% | 3.85% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.18% | 5.92% | -1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.58% | 7.80% | -3.22% |