PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
TNHIX vs. SCHJ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TNHIX vs. SCHJ

Last updated Jun 23, 2026

TNHIX (1290 High Yield Bond Fund) and SCHJ (Schwab 1-5 Year Corporate Bond ETF) are both funds - TNHIX is a High Yield Bonds fund managed by 1290 Funds, while SCHJ is a Corporate Bonds fund tracking the Bloomberg US Corporate (1-5 Y). Over the past 5 years, TNHIX returned 3.88%/yr vs 2.34%/yr for SCHJ. At a 0.36 correlation, their price movements are largely independent. TNHIX charges 1.18%/yr vs 0.05%/yr for SCHJ.

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.

Loading charts...

Returns By Period

In the year-to-date period, TNHIX achieves a 1.27% return, which is significantly higher than SCHJ's 0.56% return.

TNHIX

1D
-0.12%
1M
0.77%
YTD
1.27%
6M
1.50%
1Y
5.50%
3Y*
7.95%
5Y*
3.88%
10Y*
4.87%

SCHJ

1D
-0.16%
1M
0.17%
YTD
0.56%
6M
0.76%
1Y
4.18%
3Y*
5.55%
5Y*
2.34%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

TNHIX vs. SCHJ - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
TNHIX
1290 High Yield Bond Fund		1.27%8.03%8.13%11.51%-9.91%4.08%7.06%2.84%
SCHJ
Schwab 1-5 Year Corporate Bond ETF		0.56%6.80%4.89%6.36%-5.73%-0.67%5.30%0.61%

Correlation

The correlation between TNHIX and SCHJ is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.44

Correlation (3Y)
Calculated over the trailing 3-year period

0.39

Correlation (5Y)
Calculated over the trailing 5-year period

0.39

Correlation (All Time)
Calculated using the full available price history since Oct 10, 2019

0.36

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

1290 High Yield Bond Fund

Schwab 1-5 Year Corporate Bond ETF

Often compared with TNHIX:
TNHIX vs. MTCIXTNHIX vs. TNXAXTNHIX vs. TNUIXTNHIX vs. TNXIXTNHIX vs. TNMIXTNHIX vs. TNBIXTNHIX vs. TNVDX
Often compared with SCHJ:
SCHJ vs. SCHOSCHJ vs. SPSBSCHJ vs. SCHZSCHJ vs. SLQDSCHJ vs. JPSTSCHJ vs. SCHQSCHJ vs. SHV

Return for Risk

TNHIX vs. SCHJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TNHIX
TNHIX Risk / Return Rank: 6464
Overall Rank
TNHIX Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
TNHIX Sortino Ratio Rank: 7070
Sortino Ratio Rank
TNHIX Omega Ratio Rank: 6666
Omega Ratio Rank
TNHIX Calmar Ratio Rank: 5656
Calmar Ratio Rank
TNHIX Martin Ratio Rank: 7272
Martin Ratio Rank
SCHJ
SCHJ Risk / Return Rank: 6969
Overall Rank
SCHJ Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
SCHJ Sortino Ratio Rank: 7979
Sortino Ratio Rank
SCHJ Omega Ratio Rank: 7676
Omega Ratio Rank
SCHJ Calmar Ratio Rank: 5959
Calmar Ratio Rank
SCHJ Martin Ratio Rank: 6363
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TNHIX vs. SCHJ - Risk-Adjusted Trends 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

TNHIXSCHJDifference
Sharpe ratioReturn per unit of total volatility
2.02
2.19

-0.17

Sortino ratioReturn per unit of downside risk
3.16
3.36

-0.20

Omega ratioGain probability vs. loss probability

1.41

1.43

-0.02

Calmar ratioReturn relative to maximum drawdown

2.73

2.85

-0.12

Martin ratioReturn relative to average drawdown

12.80

11.02

+1.78

TNHIX vs. SCHJ - Sharpe Ratio Comparison

The current TNHIX Sharpe Ratio is 2.02, which is comparable to the SCHJ Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of TNHIX and SCHJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

TNHIX vs. SCHJ - Drawdown Comparison

The maximum TNHIX drawdown since its inception was -18.62%, 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.

Loading charts...

Drawdown Indicators

TNHIXSCHJDifference

Max Drawdown

Largest peak-to-trough decline

-18.62%

-13.62%

-5.00%

Max Drawdown (1Y)

Largest decline over 1 year

-2.11%

-1.47%

-0.64%

Max Drawdown (3Y)

Largest decline over 3 years

-3.65%

-1.47%

-2.18%

Max Drawdown (5Y)

Largest decline over 5 years

-13.52%

-9.43%

-4.09%

Max Drawdown (10Y)

Largest decline over 10 years

-17.00%

—

—

Current Drawdown

Current decline from peak

-0.24%

-0.45%

+0.21%

Average Drawdown

Average peak-to-trough decline

-3.32%

-1.87%

-1.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.45%

0.38%

+0.07%

Volatility

TNHIX vs. SCHJ - Volatility Comparison

1290 High Yield Bond Fund (TNHIX) has a higher volatility of 0.82% compared to Schwab 1-5 Year Corporate Bond ETF (SCHJ) at 0.68%. 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.

Loading charts...

Volatility by Period

TNHIXSCHJDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.82%

0.68%

+0.14%

Volatility (6M)

Calculated over the trailing 6-month period

2.28%

1.46%

+0.82%

Volatility (1Y)

Calculated over the trailing 1-year period

2.85%

1.92%

+0.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.24%

2.95%

+1.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.58%

4.12%

+0.46%

TNHIX vs. SCHJ - Expense Ratio Comparison

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

Dividends

TNHIX vs. SCHJ - Dividend Comparison

TNHIX's dividend yield for the trailing twelve months is around 6.35%, more than SCHJ's 4.50% yield.

PositionTTM2025202420232022202120202019201820172016
SCHJ
Schwab 1-5 Year Corporate Bond ETF		4.50%4.42%4.00%2.98%1.64%0.94%2.54%0.42%0.00%0.00%0.00%
TNHIX
1290 High Yield Bond Fund		6.35%6.29%6.37%5.43%5.44%4.76%5.16%5.51%5.84%3.62%0.01%

Frequently Asked Questions

TNHIX and SCHJ have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TNHIX has higher volatility (0.82%) compared to SCHJ (0.68%). In terms of maximum drawdown, TNHIX dropped -18.62% vs SCHJ's -13.62%.

SCHJ currently has the higher Sharpe Ratio (2.19 vs 2.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for TNHIX and SCHJ

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer