TNMIX vs. TNBIX
TNMIX (1290 Multi-Alternative Strategies Fund) and TNBIX (1290 SmartBeta Equity Fund) are both mutual funds - TNMIX is a Multistrategy fund managed by 1290 Funds, while TNBIX is a Global Equities fund managed by 1290 Funds. Over the past 10 years, TNMIX returned 3.97%/yr vs 10.53%/yr for TNBIX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.85% expense ratio.
Performance
TNMIX vs. TNBIX - Performance Comparison
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Returns By Period
In the year-to-date period, TNMIX achieves a 8.72% return, which is significantly higher than TNBIX's 6.04% return. Over the past 10 years, TNMIX has underperformed TNBIX with an annualized return of 3.97%, while TNBIX has yielded a comparatively higher 10.53% annualized return.
TNMIX
- 1D
- 0.80%
- 1M
- 0.71%
- 6M
- 4.32%
- YTD
- 8.72%
- 1Y
- 17.02%
- 3Y*
- 10.56%
- 5Y*
- 4.29%
- 10Y*
- 3.97%
- ALL TIME*
- 4.32%
TNBIX
- 1D
- 0.94%
- 1M
- 1.52%
- 6M
- 4.49%
- YTD
- 6.04%
- 1Y
- 12.75%
- 3Y*
- 13.64%
- 5Y*
- 8.55%
- 10Y*
- 10.53%
- ALL TIME*
- 9.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TNMIX vs. TNBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNMIX 1290 Multi-Alternative Strategies Fund | 8.72% | 13.48% | 9.21% | 5.46% | -11.18% | 3.24% | 4.52% | 8.62% | -3.99% | 3.91% |
TNBIX 1290 SmartBeta Equity Fund | 6.04% | 13.93% | 16.70% | 16.79% | -14.43% | 22.84% | 11.09% | 26.66% | -5.66% | 19.93% |
Correlation
The correlation between TNMIX and TNBIX is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.71 |
The correlation between TNMIX and TNBIX shifts across timeframes, from 0.60 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TNMIX vs. TNBIX — Risk / Return Rank
TNMIX
TNBIX
TNMIX vs. TNBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 1290 Multi-Alternative Strategies Fund (TNMIX) and 1290 SmartBeta Equity Fund (TNBIX). 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 | TNBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.23 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.48 | 1.49 | +2.99 |
| Martin ratioReturn relative to average drawdown | 12.16 | 6.51 | +5.64 |
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Drawdowns
TNMIX vs. TNBIX - Drawdown Comparison
The maximum TNMIX drawdown since its inception was -17.21%, smaller than the maximum TNBIX drawdown of -30.11%. Use the drawdown chart below to compare losses from any high point for TNMIX and TNBIX.
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Drawdown Indicators
| TNMIX | TNBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.21% | -30.11% | +12.90% |
Max Drawdown (1Y)Largest decline over 1 year | -3.63% | -7.76% | +4.13% |
Max Drawdown (3Y)Largest decline over 3 years | -7.17% | -12.07% | +4.90% |
Max Drawdown (5Y)Largest decline over 5 years | -16.00% | -23.13% | +7.13% |
Max Drawdown (10Y)Largest decline over 10 years | -17.21% | -30.11% | +12.90% |
Current DrawdownCurrent decline from peak | -2.32% | 0.00% | -2.32% |
Average DrawdownAverage peak-to-trough decline | -3.77% | -3.92% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.77% | -0.43% |
Volatility
TNMIX vs. TNBIX - Volatility Comparison
The current volatility for 1290 Multi-Alternative Strategies Fund (TNMIX) is 1.87%, while 1290 SmartBeta Equity Fund (TNBIX) has a volatility of 2.26%. This indicates that TNMIX experiences smaller price fluctuations and is considered to be less risky than TNBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TNMIX | TNBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.87% | 2.26% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 6.57% | 7.26% | -0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.01% | 9.12% | -1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.68% | 13.22% | -5.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.17% | 14.71% | -7.54% |
TNMIX vs. TNBIX - Expense Ratio Comparison
Both TNMIX and TNBIX have an expense ratio of 0.85%.
Dividends
TNMIX vs. TNBIX - Dividend Comparison
TNMIX's dividend yield for the trailing twelve months is around 2.00%, less than TNBIX's 4.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
TNBIX 1290 SmartBeta Equity Fund | 4.52% | 4.80% | 4.47% | 1.44% | 1.08% | 7.47% | 1.31% | 2.27% | 5.45% | 1.59% | 1.32% |
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
TNMIX and TNBIX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TNBIX has higher volatility (2.26%) compared to TNMIX (1.87%). In terms of maximum drawdown, TNMIX dropped -17.21% vs TNBIX's -30.11%.
TNMIX currently has the higher Sharpe Ratio (2.03 vs 1.27), 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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