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.
Performance
TNHIX vs. SCHJ - Performance Comparison
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TNHIX vs. SCHJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TNHIX 1290 High Yield Bond Fund | -1.42% | 8.03% | 8.13% | 11.51% | -9.91% | 4.08% | 7.06% | 2.84% |
SCHJ Schwab 1-5 Year Corporate Bond ETF | 0.07% | 6.80% | 4.89% | 6.36% | -5.73% | -0.67% | 5.30% | 0.61% |
Returns By Period
In the year-to-date period, TNHIX achieves a -1.42% return, which is significantly lower than SCHJ's 0.07% 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%
SCHJ
- 1D
- 0.26%
- 1M
- -0.93%
- YTD
- 0.07%
- 6M
- 1.35%
- 1Y
- 4.91%
- 3Y*
- 5.38%
- 5Y*
- 2.35%
- 10Y*
- —
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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.
Return for Risk
TNHIX vs. SCHJ — Risk / Return Rank
TNHIX
SCHJ
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.
| TNHIX | SCHJ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.72 | 2.16 | -0.43 |
Sortino ratioReturn per unit of downside risk | 2.42 | 3.05 | -0.63 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.46 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.87 | 3.32 | -1.45 |
Martin ratioReturn relative to average drawdown | 9.02 | 13.80 | -4.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TNHIX | SCHJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 2.16 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.81 | +0.06 |
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 | 0.63 | +0.02 |
Correlation
The correlation between TNHIX and SCHJ is 0.35, 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.
Dividends
TNHIX vs. SCHJ - Dividend Comparison
TNHIX's dividend yield for the trailing twelve months is around 5.87%, more than SCHJ's 4.46% 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% |
SCHJ Schwab 1-5 Year Corporate Bond ETF | 4.46% | 4.42% | 4.00% | 2.98% | 1.64% | 0.94% | 2.54% | 0.42% | 0.00% | 0.00% | 0.00% |
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.
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Drawdown Indicators
| TNHIX | SCHJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.62% | -13.62% | -5.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -1.47% | -1.49% |
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 DrawdownCurrent decline from peak | -1.88% | -0.93% | -0.95% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -1.92% | -1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.35% | +0.26% |
Volatility
TNHIX vs. SCHJ - Volatility Comparison
1290 High Yield Bond Fund (TNHIX) has a higher volatility of 1.34% compared to Schwab 1-5 Year Corporate Bond ETF (SCHJ) at 0.87%. 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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Volatility by Period
| TNHIX | SCHJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 0.87% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 1.28% | +0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.37% | 2.28% | +1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.18% | 2.92% | +1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.58% | 4.18% | +0.40% |