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

Correlation

The correlation between TNHIX and SCHJ 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.


-0.50.00.51.00.4

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.

-100.00%-80.00%-60.00%-40.00%-20.00%0.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
25.06%
-100.00%
TNHIX
SCHJ

Key characteristics

Sharpe Ratio

TNHIX:

2.86

SCHJ:

2.53

Sortino Ratio

TNHIX:

3.97

SCHJ:

3.99

Omega Ratio

TNHIX:

1.64

SCHJ:

1.50

Calmar Ratio

TNHIX:

5.14

SCHJ:

0.06

Martin Ratio

TNHIX:

20.30

SCHJ:

13.71

Ulcer Index

TNHIX:

0.39%

SCHJ:

0.47%

Daily Std Dev

TNHIX:

2.80%

SCHJ:

2.53%

Max Drawdown

TNHIX:

-17.11%

SCHJ:

-100.00%

Current Drawdown

TNHIX:

-1.40%

SCHJ:

-100.00%

Returns By Period

In the year-to-date period, TNHIX achieves a 7.47% return, which is significantly higher than SCHJ's 6.04% return.


TNHIX

YTD

7.47%

1M

-0.66%

6M

4.17%

1Y

7.86%

5Y*

4.00%

10Y*

4.67%

SCHJ

YTD

6.04%

1M

0.20%

6M

4.42%

1Y

6.34%

5Y*

3.07%

10Y*

N/A

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. 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
Expense ratio chart for TNHIX: current value at 1.18% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.18%
Expense ratio chart for SCHJ: current value at 0.05% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.05%

Risk-Adjusted Performance

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.


Sharpe ratio
The chart of Sharpe ratio for TNHIX, currently valued at 2.86, compared to the broader market-1.000.001.002.003.004.002.862.53
The chart of Sortino ratio for TNHIX, currently valued at 3.97, compared to the broader market-2.000.002.004.006.008.0010.003.973.99
The chart of Omega ratio for TNHIX, currently valued at 1.64, compared to the broader market0.501.001.502.002.503.003.501.641.50
The chart of Calmar ratio for TNHIX, currently valued at 5.14, compared to the broader market0.002.004.006.008.0010.0012.0014.005.140.06
The chart of Martin ratio for TNHIX, currently valued at 20.30, compared to the broader market0.0020.0040.0060.0020.3013.71
TNHIX
SCHJ

The current TNHIX Sharpe Ratio is 2.86, which is comparable to the SCHJ Sharpe Ratio of 2.53. 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.


Rolling 12-month Sharpe Ratio2.002.503.003.504.004.505.00JulyAugustSeptemberOctoberNovemberDecember
2.86
2.53
TNHIX
SCHJ

Dividends

TNHIX vs. SCHJ - Dividend Comparison

TNHIX's dividend yield for the trailing twelve months is around 5.88%, more than SCHJ's 5.37% yield.


TTM2023202220212020201920182017201620152014
TNHIX
1290 High Yield Bond Fund
5.88%6.01%5.89%4.77%5.19%5.51%5.84%5.47%6.40%7.85%0.93%
SCHJ
Schwab 1-5 Year Corporate Bond ETF
5.37%4.00%2.16%1.43%4.66%0.55%0.00%0.00%0.00%0.00%0.00%

Drawdowns

TNHIX vs. SCHJ - Drawdown Comparison

The maximum TNHIX drawdown since its inception was -17.11%, smaller than the maximum SCHJ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for TNHIX and SCHJ. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-1.40%
-100.00%
TNHIX
SCHJ

Volatility

TNHIX vs. SCHJ - Volatility Comparison

1290 High Yield Bond Fund (TNHIX) has a higher volatility of 1.12% compared to Schwab 1-5 Year Corporate Bond ETF (SCHJ) at 0.67%. 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.


0.50%0.60%0.70%0.80%0.90%1.00%1.10%JulyAugustSeptemberOctoberNovemberDecember
1.12%
0.67%
TNHIX
SCHJ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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