TNHIX vs. MTCIX
Compare and contrast key facts about 1290 High Yield Bond Fund (TNHIX) and MFS Technology Fund (MTCIX).
TNHIX is managed by 1290 Funds. It was launched on Nov 12, 2014. MTCIX is managed by MFS. It was launched on Jan 1, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TNHIX or MTCIX.
Key characteristics
| TNHIX | MTCIX | |
|---|---|---|
| YTD Return | 8.07% | 36.95% |
| 1Y Return | 13.95% | 35.95% |
| 3Y Return (Ann) | 3.41% | -1.76% |
| 5Y Return (Ann) | 4.57% | 10.37% |
| 10Y Return (Ann) | 4.52% | 12.67% |
| Sharpe Ratio | 4.59 | 1.61 |
| Sortino Ratio | 8.02 | 2.06 |
| Omega Ratio | 2.23 | 1.31 |
| Calmar Ratio | 3.75 | 1.07 |
| Martin Ratio | 41.24 | 7.98 |
| Ulcer Index | 0.35% | 4.50% |
| Daily Std Dev | 3.10% | 22.34% |
| Max Drawdown | -17.10% | -81.20% |
| Current Drawdown | -0.12% | -5.46% |
Correlation
The correlation between TNHIX and MTCIX is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TNHIX vs. MTCIX - Performance Comparison
In the year-to-date period, TNHIX achieves a 8.07% return, which is significantly lower than MTCIX's 36.95% return. Over the past 10 years, TNHIX has underperformed MTCIX with an annualized return of 4.52%, while MTCIX has yielded a comparatively higher 12.67% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TNHIX vs. MTCIX - Expense Ratio Comparison
TNHIX has a 1.18% expense ratio, which is higher than MTCIX's 0.88% expense ratio.
Risk-Adjusted Performance
TNHIX vs. MTCIX - Risk-Adjusted Performance 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.
Dividends
TNHIX vs. MTCIX - Dividend Comparison
TNHIX's dividend yield for the trailing twelve months is around 6.29%, while MTCIX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TNHIX 1290 High Yield Bond Fund | 6.29% | 6.01% | 5.89% | 4.77% | 5.19% | 5.51% | 5.84% | 5.47% | 6.40% | 7.85% | 0.93% |
MTCIX MFS Technology Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.62% | 3.31% |
Drawdowns
TNHIX vs. MTCIX - Drawdown Comparison
The maximum TNHIX drawdown since its inception was -17.10%, smaller than the maximum MTCIX drawdown of -81.20%. Use the drawdown chart below to compare losses from any high point for TNHIX and MTCIX. For additional features, visit the drawdowns tool.
Volatility
TNHIX vs. MTCIX - Volatility Comparison
The current volatility for 1290 High Yield Bond Fund (TNHIX) is 0.67%, while MFS Technology Fund (MTCIX) has a volatility of 5.81%. 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.