TNMIX vs. SHRIX
Compare and contrast key facts about 1290 Multi-Alternative Strategies Fund (TNMIX) and Stone Ridge High Yield Reinsurance Risk Premium Fund Class I (SHRIX).
TNMIX is managed by 1290 Funds. It was launched on Jul 5, 2015. SHRIX is an actively managed fund by Stone Ridge. It was launched on Feb 1, 2013.
Performance
TNMIX vs. SHRIX - Performance Comparison
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TNMIX vs. SHRIX - 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% | 2.67% |
SHRIX Stone Ridge High Yield Reinsurance Risk Premium Fund Class I | 0.00% | 10.70% | 16.73% | 21.07% | -3.37% | 1.88% | 6.86% | 4.58% | 2.81% | -7.49% |
Returns By Period
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%
SHRIX
- 1D
- 0.00%
- 1M
- -1.44%
- YTD
- 0.00%
- 6M
- 3.04%
- 1Y
- 12.33%
- 3Y*
- 14.16%
- 5Y*
- 8.98%
- 10Y*
- —
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TNMIX vs. SHRIX - Expense Ratio Comparison
TNMIX has a 0.85% expense ratio, which is lower than SHRIX's 1.76% expense ratio.
Return for Risk
TNMIX vs. SHRIX — Risk / Return Rank
TNMIX
SHRIX
TNMIX vs. SHRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 1290 Multi-Alternative Strategies Fund (TNMIX) and Stone Ridge High Yield Reinsurance Risk Premium Fund Class I (SHRIX). 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 | SHRIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.02 | 5.22 | -3.19 |
Sortino ratioReturn per unit of downside risk | 2.76 | 6.05 | -3.30 |
Omega ratioGain probability vs. loss probability | 1.44 | 4.39 | -2.96 |
Calmar ratioReturn relative to maximum drawdown | 3.17 | 6.65 | -3.49 |
Martin ratioReturn relative to average drawdown | 15.55 | 58.02 | -42.47 |
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 | SHRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 5.22 | -3.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 1.44 | -0.89 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.91 | -0.32 |
Correlation
The correlation between TNMIX and SHRIX is 0.03, 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
TNMIX vs. SHRIX - Dividend Comparison
TNMIX's dividend yield for the trailing twelve months is around 2.06%, less than SHRIX's 10.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SHRIX Stone Ridge High Yield Reinsurance Risk Premium Fund Class I | 10.92% | 10.92% | 14.34% | 12.34% | 3.89% | 4.61% | 6.34% | 5.06% | 5.09% | 0.35% | 0.00% |
Drawdowns
TNMIX vs. SHRIX - Drawdown Comparison
The maximum TNMIX drawdown since its inception was -17.21%, which is greater than SHRIX's maximum drawdown of -14.34%. Use the drawdown chart below to compare losses from any high point for TNMIX and SHRIX.
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Drawdown Indicators
| TNMIX | SHRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.21% | -14.34% | -2.87% |
Max Drawdown (1Y)Largest decline over 1 year | -5.63% | -1.87% | -3.76% |
Max Drawdown (5Y)Largest decline over 5 years | -16.15% | -12.69% | -3.46% |
Max Drawdown (10Y)Largest decline over 10 years | -17.21% | — | — |
Current DrawdownCurrent decline from peak | -2.48% | -1.87% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -2.08% | -1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 0.21% | +0.94% |
Volatility
TNMIX vs. SHRIX - Volatility Comparison
1290 Multi-Alternative Strategies Fund (TNMIX) has a higher volatility of 3.15% compared to Stone Ridge High Yield Reinsurance Risk Premium Fund Class I (SHRIX) at 1.93%. This indicates that TNMIX's price experiences larger fluctuations and is considered to be riskier than SHRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TNMIX | SHRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 1.93% | +1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 6.72% | 2.13% | +4.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.78% | 2.40% | +6.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.66% | 6.26% | +1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.12% | 6.35% | +0.77% |