TNMIX vs. QSPNX
Compare and contrast key facts about 1290 Multi-Alternative Strategies Fund (TNMIX) and AQR Style Premia Alternative Fund Class N (QSPNX).
TNMIX is managed by 1290 Funds. It was launched on Jul 5, 2015. QSPNX is an actively managed fund by AQR. It was launched on Oct 30, 2013.
Performance
TNMIX vs. QSPNX - Performance Comparison
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TNMIX vs. QSPNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNMIX 1290 Multi-Alternative Strategies Fund | 5.36% | 13.48% | 9.21% | 5.46% | -11.18% | 3.24% | 4.52% | 8.62% | -3.99% | 3.91% |
QSPNX AQR Style Premia Alternative Fund Class N | 9.85% | 14.35% | 21.33% | 12.14% | 30.40% | 24.63% | -22.17% | -8.35% | -12.60% | 11.74% |
Returns By Period
In the year-to-date period, TNMIX achieves a 5.36% return, which is significantly lower than QSPNX's 9.85% return. Over the past 10 years, TNMIX has underperformed QSPNX with an annualized return of 3.99%, while QSPNX has yielded a comparatively higher 6.77% annualized return.
TNMIX
- 1D
- 1.20%
- 1M
- -2.48%
- YTD
- 5.36%
- 6M
- 7.24%
- 1Y
- 17.32%
- 3Y*
- 10.87%
- 5Y*
- 4.18%
- 10Y*
- 3.99%
QSPNX
- 1D
- -0.11%
- 1M
- 3.08%
- YTD
- 9.85%
- 6M
- 12.90%
- 1Y
- 12.64%
- 3Y*
- 19.61%
- 5Y*
- 18.57%
- 10Y*
- 6.77%
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TNMIX vs. QSPNX - Expense Ratio Comparison
TNMIX has a 0.85% expense ratio, which is lower than QSPNX's 6.14% expense ratio.
Return for Risk
TNMIX vs. QSPNX — Risk / Return Rank
TNMIX
QSPNX
TNMIX vs. QSPNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 1290 Multi-Alternative Strategies Fund (TNMIX) and AQR Style Premia Alternative Fund Class N (QSPNX). 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.
| TNMIX | QSPNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.02 | 1.35 | +0.68 |
Sortino ratioReturn per unit of downside risk | 2.76 | 1.85 | +0.91 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.25 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 3.17 | 1.68 | +1.48 |
Martin ratioReturn relative to average drawdown | 15.55 | 5.06 | +10.49 |
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
| TNMIX | QSPNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 1.35 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 1.17 | -0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.53 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.59 | 0.00 |
Correlation
The correlation between TNMIX and QSPNX is -0.11. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
TNMIX vs. QSPNX - Dividend Comparison
TNMIX's dividend yield for the trailing twelve months is around 2.06%, less than QSPNX's 2.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TNMIX 1290 Multi-Alternative Strategies Fund | 2.06% | 2.18% | 1.57% | 3.38% | 2.86% | 10.67% | 0.78% | 3.06% | 1.24% | 0.37% | 0.62% | 0.00% |
QSPNX AQR Style Premia Alternative Fund Class N | 2.18% | 2.39% | 6.80% | 23.73% | 22.62% | 12.61% | 0.00% | 1.63% | 0.51% | 6.81% | 1.75% | 5.68% |
Drawdowns
TNMIX vs. QSPNX - Drawdown Comparison
The maximum TNMIX drawdown since its inception was -17.21%, smaller than the maximum QSPNX drawdown of -41.79%. Use the drawdown chart below to compare losses from any high point for TNMIX and QSPNX.
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Drawdown Indicators
| TNMIX | QSPNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.21% | -41.79% | +24.58% |
Max Drawdown (1Y)Largest decline over 1 year | -5.63% | -7.78% | +2.15% |
Max Drawdown (5Y)Largest decline over 5 years | -16.15% | -17.17% | +1.02% |
Max Drawdown (10Y)Largest decline over 10 years | -17.21% | -41.79% | +24.58% |
Current DrawdownCurrent decline from peak | -2.48% | -0.21% | -2.27% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -9.72% | +5.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 2.74% | -1.59% |
Volatility
TNMIX vs. QSPNX - Volatility Comparison
1290 Multi-Alternative Strategies Fund (TNMIX) has a higher volatility of 3.15% compared to AQR Style Premia Alternative Fund Class N (QSPNX) at 2.64%. This indicates that TNMIX's price experiences larger fluctuations and is considered to be riskier than QSPNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TNMIX | QSPNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 2.64% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 6.72% | 6.59% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.78% | 10.11% | -1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.66% | 15.93% | -8.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.12% | 12.76% | -5.64% |