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.
Correlation
The correlation between TNHIX and SCHJ is 0.37, 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
Key characteristics
TNHIX:
3.62
SCHJ:
3.42
TNHIX:
5.46
SCHJ:
5.72
TNHIX:
1.85
SCHJ:
1.73
TNHIX:
6.11
SCHJ:
0.08
TNHIX:
24.52
SCHJ:
18.39
TNHIX:
0.39%
SCHJ:
0.45%
TNHIX:
2.63%
SCHJ:
2.41%
TNHIX:
-17.11%
SCHJ:
-100.00%
TNHIX:
0.00%
SCHJ:
-100.00%
Returns By Period
In the year-to-date period, TNHIX achieves a 1.76% return, which is significantly higher than SCHJ's 1.52% return.
TNHIX
1.76%
0.69%
3.14%
9.47%
4.67%
4.60%
SCHJ
1.52%
0.92%
2.47%
7.46%
3.16%
N/A
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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.
Risk-Adjusted Performance
TNHIX vs. SCHJ — Risk-Adjusted Performance Rank
TNHIX
SCHJ
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 5.77%, more than SCHJ's 5.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TNHIX 1290 High Yield Bond Fund | 5.77% | 6.36% | 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 | 5.42% | 6.32% | 3.73% | 2.92% | 1.29% | 3.26% | 0.73% | 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.
Volatility
TNHIX vs. SCHJ - Volatility Comparison
1290 High Yield Bond Fund (TNHIX) has a higher volatility of 0.66% compared to Schwab 1-5 Year Corporate Bond ETF (SCHJ) at 0.56%. 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.