TNHIX vs. PIAMX
Compare and contrast key facts about 1290 High Yield Bond Fund (TNHIX) and PIA High Yield (MACS) Fund (PIAMX).
TNHIX is managed by 1290 Funds. It was launched on Nov 12, 2014. PIAMX is managed by PIA Mutual Funds. It was launched on Dec 26, 2017.
Performance
TNHIX vs. PIAMX - Performance Comparison
Loading graphics...
TNHIX vs. PIAMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TNHIX 1290 High Yield Bond Fund | -1.42% | 8.03% | 8.13% | 11.51% | -9.91% | 4.08% | 7.06% | 12.74% | -2.73% |
PIAMX PIA High Yield (MACS) Fund | -2.20% | 2.34% | 11.23% | 16.38% | -10.93% | 7.82% | 9.05% | 11.77% | -2.63% |
Returns By Period
In the year-to-date period, TNHIX achieves a -1.42% return, which is significantly higher than PIAMX's -2.20% 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%
PIAMX
- 1D
- 0.26%
- 1M
- -2.36%
- YTD
- -2.20%
- 6M
- -2.91%
- 1Y
- 1.56%
- 3Y*
- 7.17%
- 5Y*
- 3.87%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
TNHIX vs. PIAMX - Expense Ratio Comparison
TNHIX has a 1.18% expense ratio, which is higher than PIAMX's 0.20% expense ratio.
Return for Risk
TNHIX vs. PIAMX — Risk / Return Rank
TNHIX
PIAMX
TNHIX vs. PIAMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 1290 High Yield Bond Fund (TNHIX) and PIA High Yield (MACS) Fund (PIAMX). 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 | PIAMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.72 | 0.31 | +1.42 |
Sortino ratioReturn per unit of downside risk | 2.42 | 0.41 | +2.01 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.07 | +0.30 |
Calmar ratioReturn relative to maximum drawdown | 1.87 | 0.20 | +1.67 |
Martin ratioReturn relative to average drawdown | 9.02 | 0.61 | +8.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| TNHIX | PIAMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 0.31 | +1.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.97 | -0.10 |
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 | 1.15 | -0.50 |
Correlation
The correlation between TNHIX and PIAMX is 0.75, 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. PIAMX - Dividend Comparison
TNHIX's dividend yield for the trailing twelve months is around 5.87%, less than PIAMX's 8.51% 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% |
PIAMX PIA High Yield (MACS) Fund | 8.51% | 9.12% | 8.49% | 8.12% | 7.99% | 8.64% | 6.63% | 6.96% | 7.14% | 0.00% | 0.00% |
Drawdowns
TNHIX vs. PIAMX - Drawdown Comparison
The maximum TNHIX drawdown since its inception was -18.62%, roughly equal to the maximum PIAMX drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for TNHIX and PIAMX.
Loading graphics...
Drawdown Indicators
| TNHIX | PIAMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.62% | -18.15% | -0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -4.17% | +1.21% |
Max Drawdown (5Y)Largest decline over 5 years | -13.52% | -13.92% | +0.40% |
Max Drawdown (10Y)Largest decline over 10 years | -17.00% | — | — |
Current DrawdownCurrent decline from peak | -1.88% | -3.50% | +1.62% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -2.36% | -1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 1.37% | -0.76% |
Volatility
TNHIX vs. PIAMX - Volatility Comparison
The current volatility for 1290 High Yield Bond Fund (TNHIX) is 1.34%, while PIA High Yield (MACS) Fund (PIAMX) has a volatility of 1.72%. This indicates that TNHIX experiences smaller price fluctuations and is considered to be less risky than PIAMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| TNHIX | PIAMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 1.72% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 2.45% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.37% | 4.32% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.18% | 4.01% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.58% | 4.25% | +0.33% |