TNHIX vs. MTCIX

Last updated Jun 3, 2026

TNHIX (1290 High Yield Bond Fund) and MTCIX (MFS Technology Fund) are both mutual funds - TNHIX is a High Yield Bonds fund managed by 1290 Funds, while MTCIX is a Technology Equities fund managed by MFS. Over the past 10 years, TNHIX returned 4.90%/yr vs 22.41%/yr for MTCIX. At a 0.38 correlation, their price movements are largely independent. TNHIX charges 1.18%/yr vs 0.88%/yr for MTCIX.

Performance

TNHIX vs. MTCIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 1290 High Yield Bond Fund (TNHIX) and MFS Technology Fund (MTCIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TNHIX achieves a 1.03% return, which is significantly lower than MTCIX's 21.56% return. Over the past 10 years, TNHIX has underperformed MTCIX with an annualized return of 4.90%, while MTCIX has yielded a comparatively higher 22.41% annualized return.

TNHIX

• 1D: -0.12%
• 1M: 0.29%
• YTD: 1.03%
• 6M: 1.63%
• 1Y: 6.24%
• 3Y*: 8.13%
• 5Y*: 3.92%
• 10Y*: 4.90%

MTCIX

• 1D: 2.28%
• 1M: 13.72%
• YTD: 21.56%
• 6M: 20.07%
• 1Y: 43.38%
• 3Y*: 38.46%
• 5Y*: 19.11%
• 10Y*: 22.41%

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

TNHIX vs. MTCIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TNHIX 1290 High Yield Bond Fund	1.03%	8.03%	8.13%	11.51%	-9.91%	4.08%	7.06%	12.74%	-2.00%	5.50%
MTCIX MFS Technology Fund	21.56%	16.39%	56.76%	54.42%	-36.18%	14.11%	46.45%	38.84%	1.85%	38.78%

Correlation

The correlation between TNHIX and MTCIX is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Dec 1, 2014	0.38

The correlation between TNHIX and MTCIX shifts across timeframes, from 0.38 (all time) to 0.56 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

TNHIX vs. MTCIX — Risk / Return Rank

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

TNHIX

TNHIX Risk / Return Rank: 66
TNHIX Sharpe Ratio Rank: 57
TNHIX Sortino Ratio Rank: 70
TNHIX Omega Ratio Rank: 70
TNHIX Calmar Ratio Rank: 58
TNHIX Martin Ratio Rank: 73

MTCIX

MTCIX Risk / Return Rank: 44
MTCIX Sharpe Ratio Rank: 55
MTCIX Sortino Ratio Rank: 46
MTCIX Omega Ratio Rank: 46
MTCIX Calmar Ratio Rank: 39
MTCIX Martin Ratio Rank: 35

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.

TNHIX vs. MTCIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 1290 High Yield Bond Fund (TNHIX) and MFS Technology Fund (MTCIX). 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	MTCIX	Difference
Sharpe ratio Return per unit of total volatility	2.22	2.19	+0.03
Sortino ratio Return per unit of downside risk	3.49	2.84	+0.65
Omega ratio Gain probability vs. loss probability	1.47	1.37	+0.10
Calmar ratio Return relative to maximum drawdown	2.94	2.41	+0.53
Martin ratio Return relative to average drawdown	13.87	7.97	+5.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TNHIX vs. MTCIX - Sharpe Ratio Comparison

The current TNHIX Sharpe Ratio is 2.22, which is comparable to the MTCIX Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of TNHIX and MTCIX, 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

	TNHIX	MTCIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.22	2.19	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	0.76	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.07	0.94	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.39	+0.30

Drawdowns

TNHIX vs. MTCIX - Drawdown Comparison

The maximum TNHIX drawdown since its inception was -18.62%, smaller than the maximum MTCIX drawdown of -82.78%. Use the drawdown chart below to compare losses from any high point for TNHIX and MTCIX.

Drawdown Indicators

	TNHIX	MTCIX	Difference
Max Drawdown Largest peak-to-trough decline	-18.62%	-82.78%	+64.16%
Max Drawdown (1Y) Largest decline over 1 year	-2.11%	-18.59%	+16.48%
Max Drawdown (3Y) Largest decline over 3 years	-3.65%	-25.97%	+22.32%
Max Drawdown (5Y) Largest decline over 5 years	-13.52%	-42.74%	+29.22%
Max Drawdown (10Y) Largest decline over 10 years	-17.00%	-42.74%	+25.74%
Current Drawdown Current decline from peak	-0.12%	0.00%	-0.12%
Average Drawdown Average peak-to-trough decline	-3.33%	-29.86%	+26.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.45%	5.62%	-5.17%

Volatility

TNHIX vs. MTCIX - Volatility Comparison

The current volatility for 1290 High Yield Bond Fund (TNHIX) is 0.84%, while MFS Technology Fund (MTCIX) has a volatility of 5.49%. This indicates that TNHIX experiences smaller price fluctuations and is considered to be less risky than MTCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TNHIX	MTCIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.84%	5.49%	-4.65%
Volatility (6M) Calculated over the trailing 6-month period	2.23%	16.27%	-14.04%
Volatility (1Y) Calculated over the trailing 1-year period	2.82%	20.47%	-17.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.23%	25.42%	-21.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.58%	24.06%	-19.48%

TNHIX vs. MTCIX - Expense Ratio Comparison

TNHIX has a 1.18% expense ratio, which is higher than MTCIX's 0.88% expense ratio.

Dividends

TNHIX vs. MTCIX - Dividend Comparison

TNHIX's dividend yield for the trailing twelve months is around 6.36%, less than MTCIX's 11.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MTCIX MFS Technology Fund	11.28%	13.71%	26.78%	9.66%	10.35%	11.58%	4.97%	3.87%	4.97%	3.51%	1.84%	3.62%
TNHIX 1290 High Yield Bond Fund	6.36%	6.29%	6.37%	5.43%	5.44%	4.76%	5.16%	5.51%	5.84%	3.62%	0.01%	0.00%

Frequently Asked Questions

Can I hold both TNHIX and MTCIX in my portfolio?

TNHIX and MTCIX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TNHIX or MTCIX?

MTCIX has higher volatility (5.49%) compared to TNHIX (0.84%). In terms of maximum drawdown, TNHIX dropped -18.62% vs MTCIX's -82.78%.

Which has better risk-adjusted returns?

TNHIX currently has the higher Sharpe Ratio (2.22 vs 2.19), 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.