TNMIX vs. SYMIX

Last updated Jul 14, 2026

TNMIX (1290 Multi-Alternative Strategies Fund) and SYMIX (AlphaCentric Symmetry Strategy Fund Class I) are both Multistrategy funds. Over the past 5 years, TNMIX returned 4.07%/yr vs 7.15%/yr for SYMIX. A 0.62 correlation means they provide meaningful diversification when combined. TNMIX charges 0.85%/yr vs 1.69%/yr for SYMIX.

Performance

TNMIX vs. SYMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 1290 Multi-Alternative Strategies Fund (TNMIX) and AlphaCentric Symmetry Strategy Fund Class I (SYMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TNMIX achieves a 8.72% return, which is significantly higher than SYMIX's 7.81% return.

TNMIX

• 1D: 0.00%
• 1M: -0.44%
• 6M: 5.98%
• YTD: 8.72%
• 1Y: 16.55%
• 3Y*: 11.23%
• 5Y*: 4.07%
• 10Y*: 3.93%

SYMIX

• 1D: 0.00%
• 1M: -1.39%
• 6M: 4.20%
• YTD: 7.81%
• 1Y: 19.01%
• 3Y*: 8.71%
• 5Y*: 7.15%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TNMIX vs. SYMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TNMIX 1290 Multi-Alternative Strategies Fund	8.72%	13.48%	9.21%	5.46%	-11.18%	3.24%	4.52%	3.20%
SYMIX AlphaCentric Symmetry Strategy Fund Class I	7.81%	12.36%	7.61%	0.93%	6.09%	14.07%	-2.60%	0.06%

Correlation

The correlation between TNMIX and SYMIX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Aug 19, 2019	0.62

The correlation between TNMIX and SYMIX shifts across timeframes, from 0.62 (all time) to 0.76 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

TNMIX vs. SYMIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TNMIX

TNMIX Risk / Return Rank: 85
TNMIX Sharpe Ratio Rank: 82
TNMIX Sortino Ratio Rank: 76
TNMIX Omega Ratio Rank: 82
TNMIX Calmar Ratio Rank: 95
TNMIX Martin Ratio Rank: 90

SYMIX

SYMIX Risk / Return Rank: 56
SYMIX Sharpe Ratio Rank: 53
SYMIX Sortino Ratio Rank: 48
SYMIX Omega Ratio Rank: 48
SYMIX Calmar Ratio Rank: 80
SYMIX Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TNMIX vs. SYMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 1290 Multi-Alternative Strategies Fund (TNMIX) and AlphaCentric Symmetry Strategy Fund Class I (SYMIX). 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	SYMIX	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.64	+0.49
Sortino ratio: Return per unit of downside risk	2.81	2.22	+0.58
Omega ratio: Gain probability vs. loss probability	1.42	1.29	+0.13
Calmar ratio: Return relative to maximum drawdown	4.60	2.91	+1.70
Martin ratio: Return relative to average drawdown	13.57	8.54	+5.04

TNMIX vs. SYMIX - Sharpe Ratio Comparison

The current TNMIX Sharpe Ratio is 2.12, which is comparable to the SYMIX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of TNMIX and SYMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TNMIX vs. SYMIX - Drawdown Comparison

The maximum TNMIX drawdown since its inception was -17.21%, roughly equal to the maximum SYMIX drawdown of -17.44%. Use the drawdown chart below to compare losses from any high point for TNMIX and SYMIX.

Drawdown Indicators

	TNMIX	SYMIX	Difference
Max Drawdown Largest peak-to-trough decline	-17.21%	-17.44%	+0.23%
Max Drawdown (1Y) Largest decline over 1 year	-3.63%	-6.50%	+2.87%
Max Drawdown (3Y) Largest decline over 3 years	-7.17%	-12.03%	+4.86%
Max Drawdown (5Y) Largest decline over 5 years	-16.00%	-12.20%	-3.80%
Max Drawdown (10Y) Largest decline over 10 years	-17.21%	—	—
Current Drawdown Current decline from peak	-2.32%	-4.12%	+1.80%
Average Drawdown Average peak-to-trough decline	-3.77%	-4.19%	+0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.23%	2.21%	-0.98%

Volatility

TNMIX vs. SYMIX - Volatility Comparison

The current volatility for 1290 Multi-Alternative Strategies Fund (TNMIX) is 2.24%, while AlphaCentric Symmetry Strategy Fund Class I (SYMIX) has a volatility of 2.92%. This indicates that TNMIX experiences smaller price fluctuations and is considered to be less risky than SYMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TNMIX	SYMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.24%	2.92%	-0.68%
Volatility (6M) Calculated over the trailing 6-month period	6.53%	9.08%	-2.55%
Volatility (1Y) Calculated over the trailing 1-year period	7.88%	11.54%	-3.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.70%	10.87%	-3.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.16%	11.00%	-3.84%

TNMIX vs. SYMIX - Expense Ratio Comparison

TNMIX has a 0.85% expense ratio, which is lower than SYMIX's 1.69% expense ratio.

Dividends

TNMIX vs. SYMIX - Dividend Comparison

TNMIX's dividend yield for the trailing twelve months is around 2.00%, while SYMIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SYMIX AlphaCentric Symmetry Strategy Fund Class I	0.00%	0.00%	0.00%	2.06%	9.82%	0.25%	1.71%	2.42%	0.00%	0.00%	0.00%
TNMIX 1290 Multi-Alternative Strategies Fund	2.00%	2.18%	1.57%	3.38%	2.86%	10.67%	0.78%	3.06%	1.24%	0.37%	0.62%

Frequently Asked Questions

Can I hold both TNMIX and SYMIX in my portfolio?

TNMIX and SYMIX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TNMIX or SYMIX?

SYMIX has higher volatility (2.92%) compared to TNMIX (2.24%). In terms of maximum drawdown, TNMIX dropped -17.21% vs SYMIX's -17.44%.

Which has better risk-adjusted returns?

TNMIX currently has the higher Sharpe Ratio (2.12 vs 1.64), 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.