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TNHIX vs. SCHJ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

TNHIX vs. SCHJ

Last updated May 13, 2025

Compare and contrast key facts about 1290 High Yield Bond Fund (TNHIX) and Schwab 1-5 Year Corporate Bond ETF (SCHJ).

TNHIX is managed by 1290 Funds. It was launched on Nov 12, 2014. SCHJ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Corporate (1-5 Y). It was launched on Oct 10, 2019.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TNHIX or SCHJ.

Correlation

The correlation between TNHIX and SCHJ is 0.22, 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. SCHJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 1290 High Yield Bond Fund (TNHIX) and Schwab 1-5 Year Corporate Bond ETF (SCHJ). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

TNHIX:

2.61

SCHJ:

2.61

Sortino Ratio

TNHIX:

3.59

SCHJ:

3.76

Omega Ratio

TNHIX:

1.61

SCHJ:

1.52

Calmar Ratio

TNHIX:

2.35

SCHJ:

4.96

Martin Ratio

TNHIX:

11.92

SCHJ:

14.14

Ulcer Index

TNHIX:

0.72%

SCHJ:

0.45%

Daily Std Dev

TNHIX:

3.31%

SCHJ:

2.50%

Max Drawdown

TNHIX:

-17.11%

SCHJ:

-13.62%

Current Drawdown

TNHIX:

0.00%

SCHJ:

-0.44%

Returns By Period

The year-to-date returns for both stocks are quite close, with TNHIX having a 2.17% return and SCHJ slightly lower at 2.11%.

TNHIX

YTD

2.17%

1M

3.70%

6M

2.10%

1Y

8.58%

5Y*

5.92%

10Y*

4.53%

SCHJ

YTD

2.11%

1M

1.20%

6M

2.43%

1Y

6.49%

5Y*

2.11%

10Y*

N/A

*Annualized

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TNHIX vs. SCHJ - Expense Ratio Comparison

TNHIX has a 1.18% expense ratio, which is higher than SCHJ's 0.05% expense ratio.

TNHIX
1290 High Yield Bond Fund
SCHJ
Schwab 1-5 Year Corporate Bond ETF

Risk-Adjusted Performance

TNHIX vs. SCHJ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TNHIX
The Risk-Adjusted Performance Rank of TNHIX is 9595
Overall Rank
The Sharpe Ratio Rank of TNHIX is 9696
Sharpe Ratio Rank
The Sortino Ratio Rank of TNHIX is 9595
Sortino Ratio Rank
The Omega Ratio Rank of TNHIX is 9595
Omega Ratio Rank
The Calmar Ratio Rank of TNHIX is 9494
Calmar Ratio Rank
The Martin Ratio Rank of TNHIX is 9595
Martin Ratio Rank
SCHJ
The Risk-Adjusted Performance Rank of SCHJ is 9797
Overall Rank
The Sharpe Ratio Rank of SCHJ is 9797
Sharpe Ratio Rank
The Sortino Ratio Rank of SCHJ is 9797
Sortino Ratio Rank
The Omega Ratio Rank of SCHJ is 9797
Omega Ratio Rank
The Calmar Ratio Rank of SCHJ is 9797
Calmar Ratio Rank
The Martin Ratio Rank of SCHJ is 9696
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

TNHIX vs. SCHJ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for 1290 High Yield Bond Fund (TNHIX) and Schwab 1-5 Year Corporate Bond ETF (SCHJ). 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.

The current TNHIX Sharpe Ratio is 2.61, which is comparable to the SCHJ Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of TNHIX and SCHJ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

TNHIX vs. SCHJ - Dividend Comparison

TNHIX has not paid dividends to shareholders, while SCHJ's dividend yield for the trailing twelve months is around 3.90%.

TTM202420232022202120202019
TNHIX
1290 High Yield Bond Fund		0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SCHJ
Schwab 1-5 Year Corporate Bond ETF		3.90%3.03%1.48%0.86%0.39%1.79%0.29%

Drawdowns

TNHIX vs. SCHJ - Drawdown Comparison

The maximum TNHIX drawdown since its inception was -17.11%, which is greater than SCHJ's maximum drawdown of -13.62%. Use the drawdown chart below to compare losses from any high point for TNHIX and SCHJ. For additional features, visit the drawdowns tool.

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Volatility

TNHIX vs. SCHJ - Volatility Comparison

1290 High Yield Bond Fund (TNHIX) has a higher volatility of 1.24% compared to Schwab 1-5 Year Corporate Bond ETF (SCHJ) at 0.84%. This indicates that TNHIX's price experiences larger fluctuations and is considered to be riskier than SCHJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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