TNHIX vs. SCHJ
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.
Key characteristics
| TNHIX | SCHJ | |
|---|---|---|
| YTD Return | 7.94% | 5.76% |
| 1Y Return | 14.10% | 9.93% |
| 3Y Return (Ann) | 3.29% | 2.78% |
| 5Y Return (Ann) | 4.54% | 3.07% |
| Sharpe Ratio | 4.51 | 3.56 |
| Sortino Ratio | 7.87 | 6.13 |
| Omega Ratio | 2.21 | 1.79 |
| Calmar Ratio | 3.46 | 0.10 |
| Martin Ratio | 40.45 | 25.70 |
| Ulcer Index | 0.35% | 0.38% |
| Daily Std Dev | 3.09% | 2.71% |
| Max Drawdown | -17.10% | -100.00% |
| Current Drawdown | -0.04% | -100.00% |
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.
Performance
TNHIX vs. SCHJ - Performance Comparison
In the year-to-date period, TNHIX achieves a 7.94% return, which is significantly higher than SCHJ's 5.76% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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.
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.
Dividends
TNHIX vs. SCHJ - Dividend Comparison
TNHIX's dividend yield for the trailing twelve months is around 6.29%, more than SCHJ's 5.17% yield.
| 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% |
SCHJ Schwab 1-5 Year Corporate Bond ETF | 5.17% | 4.94% | 2.28% | 1.50% | 3.25% | 0.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TNHIX vs. SCHJ - Drawdown Comparison
The maximum TNHIX drawdown since its inception was -17.10%, 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.
Volatility
TNHIX vs. SCHJ - Volatility Comparison
1290 High Yield Bond Fund (TNHIX) and Schwab 1-5 Year Corporate Bond ETF (SCHJ) have volatilities of 0.64% and 0.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.