TNMIX vs. GFSYX
TNMIX (1290 Multi-Alternative Strategies Fund) and GFSYX (GuideStone Funds Strategic Alternatives Fund) are both Multistrategy funds. Over the past 5 years, TNMIX returned 4.08%/yr vs 4.89%/yr for GFSYX. At a 0.07 correlation, their price movements are largely independent. TNMIX charges 0.85%/yr vs 1.15%/yr for GFSYX.
Performance
TNMIX vs. GFSYX - Performance Comparison
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Returns By Period
In the year-to-date period, TNMIX achieves a 8.33% return, which is significantly higher than GFSYX's 1.22% return.
TNMIX
- 1D
- -0.88%
- 1M
- -1.74%
- YTD
- 8.33%
- 6M
- 7.31%
- 1Y
- 17.20%
- 3Y*
- 11.73%
- 5Y*
- 4.08%
- 10Y*
- 4.06%
GFSYX
- 1D
- 0.22%
- 1M
- 1.22%
- YTD
- 1.22%
- 6M
- 1.68%
- 1Y
- 4.60%
- 3Y*
- 6.17%
- 5Y*
- 4.89%
- 10Y*
- —
TNMIX vs. GFSYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNMIX 1290 Multi-Alternative Strategies Fund | 8.33% | 13.48% | 9.21% | 5.46% | -11.18% | 3.24% | 4.52% | 8.62% | -3.99% | 2.06% |
GFSYX GuideStone Funds Strategic Alternatives Fund | 1.22% | 5.49% | 7.60% | 5.98% | -0.57% | 4.96% | -0.17% | 4.94% | 0.14% | 1.20% |
Correlation
The correlation between TNMIX and GFSYX is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2017 | 0.07 |
The correlation between TNMIX and GFSYX shifts across timeframes, from -0.20 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TNMIX vs. GFSYX — Risk / Return Rank
TNMIX
GFSYX
TNMIX vs. GFSYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 1290 Multi-Alternative Strategies Fund (TNMIX) and GuideStone Funds Strategic Alternatives Fund (GFSYX). 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.
| TNMIX | GFSYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.34 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.78 | 3.38 | +1.41 |
| Martin ratioReturn relative to average drawdown | 16.20 | 8.06 | +8.13 |
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Drawdowns
TNMIX vs. GFSYX - Drawdown Comparison
The maximum TNMIX drawdown since its inception was -17.21%, which is greater than GFSYX's maximum drawdown of -9.54%. Use the drawdown chart below to compare losses from any high point for TNMIX and GFSYX.
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Drawdown Indicators
| TNMIX | GFSYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.21% | -9.54% | -7.67% |
Max Drawdown (1Y)Largest decline over 1 year | -3.63% | -1.34% | -2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -7.17% | -4.49% | -2.68% |
Max Drawdown (5Y)Largest decline over 5 years | -16.00% | -4.49% | -11.51% |
Max Drawdown (10Y)Largest decline over 10 years | -17.21% | — | — |
Current DrawdownCurrent decline from peak | -2.67% | 0.00% | -2.67% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -0.91% | -2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.56% | +0.51% |
Volatility
TNMIX vs. GFSYX - Volatility Comparison
1290 Multi-Alternative Strategies Fund (TNMIX) has a higher volatility of 2.63% compared to GuideStone Funds Strategic Alternatives Fund (GFSYX) at 0.90%. This indicates that TNMIX's price experiences larger fluctuations and is considered to be riskier than GFSYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TNMIX | GFSYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 0.90% | +1.73% |
Volatility (6M)Calculated over the trailing 6-month period | 6.61% | 1.93% | +4.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.80% | 2.57% | +5.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.70% | 3.67% | +4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.16% | 3.71% | +3.45% |
TNMIX vs. GFSYX - Expense Ratio Comparison
TNMIX has a 0.85% expense ratio, which is lower than GFSYX's 1.15% expense ratio.
Dividends
TNMIX vs. GFSYX - Dividend Comparison
TNMIX's dividend yield for the trailing twelve months is around 2.01%, less than GFSYX's 7.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GFSYX GuideStone Funds Strategic Alternatives Fund | 7.09% | 7.18% | 8.54% | 13.00% | 4.20% | 1.59% | 1.53% | 2.24% | 2.17% | 0.70% | 0.00% |
TNMIX 1290 Multi-Alternative Strategies Fund | 2.01% | 2.18% | 1.57% | 3.38% | 2.86% | 10.67% | 0.78% | 3.06% | 1.24% | 0.37% | 0.62% |
Frequently Asked Questions
TNMIX and GFSYX have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TNMIX has higher volatility (2.63%) compared to GFSYX (0.90%). In terms of maximum drawdown, TNMIX dropped -17.21% vs GFSYX's -9.54%.
TNMIX currently has the higher Sharpe Ratio (2.23 vs 1.76), 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.
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