TNMIX vs. TNUIX
TNMIX (1290 Multi-Alternative Strategies Fund) and TNUIX (1290 Diversified Bond Fund) are both mutual funds - TNMIX is a Multistrategy fund managed by 1290 Funds, while TNUIX is a Intermediate Core-Plus Bond fund managed by 1290 Funds. Over the past 10 years, TNMIX returned 4.15%/yr vs 2.92%/yr for TNUIX. At a 0.26 correlation, their price movements are largely independent. TNMIX charges 0.85%/yr vs 0.50%/yr for TNUIX.
Performance
TNMIX vs. TNUIX - Performance Comparison
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Returns By Period
In the year-to-date period, TNMIX achieves a 9.29% return, which is significantly higher than TNUIX's 2.68% return. Over the past 10 years, TNMIX has outperformed TNUIX with an annualized return of 4.15%, while TNUIX has yielded a comparatively lower 2.92% annualized return.
TNMIX
- 1D
- 0.00%
- 1M
- -0.87%
- YTD
- 9.29%
- 6M
- 8.36%
- 1Y
- 18.35%
- 3Y*
- 12.06%
- 5Y*
- 4.30%
- 10Y*
- 4.15%
TNUIX
- 1D
- -0.35%
- 1M
- 1.95%
- YTD
- 2.68%
- 6M
- 2.80%
- 1Y
- 6.50%
- 3Y*
- 3.78%
- 5Y*
- -1.11%
- 10Y*
- 2.92%
TNMIX vs. TNUIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNMIX 1290 Multi-Alternative Strategies Fund | 9.29% | 13.48% | 9.21% | 5.46% | -11.18% | 3.24% | 4.52% | 8.62% | -3.99% | 3.91% |
TNUIX 1290 Diversified Bond Fund | 2.68% | 10.61% | -3.72% | 3.21% | -12.54% | -2.46% | 17.14% | 10.28% | 2.30% | 3.47% |
Correlation
The correlation between TNMIX and TNUIX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.26 |
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Return for Risk
TNMIX vs. TNUIX — Risk / Return Rank
TNMIX
TNUIX
TNMIX vs. TNUIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 1290 Multi-Alternative Strategies Fund (TNMIX) and 1290 Diversified Bond Fund (TNUIX). 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 | TNUIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.22 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 5.10 | 2.46 | +2.65 |
| Martin ratioReturn relative to average drawdown | 17.50 | 6.32 | +11.18 |
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Drawdowns
TNMIX vs. TNUIX - Drawdown Comparison
The maximum TNMIX drawdown since its inception was -17.21%, smaller than the maximum TNUIX drawdown of -26.30%. Use the drawdown chart below to compare losses from any high point for TNMIX and TNUIX.
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Drawdown Indicators
| TNMIX | TNUIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.21% | -26.30% | +9.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.63% | -2.71% | -0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -7.17% | -14.40% | +7.23% |
Max Drawdown (5Y)Largest decline over 5 years | -16.00% | -26.17% | +10.17% |
Max Drawdown (10Y)Largest decline over 10 years | -17.21% | -26.30% | +9.09% |
Current DrawdownCurrent decline from peak | -1.81% | -6.09% | +4.28% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -6.29% | +2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 1.05% | +0.01% |
Volatility
TNMIX vs. TNUIX - Volatility Comparison
1290 Multi-Alternative Strategies Fund (TNMIX) has a higher volatility of 2.51% compared to 1290 Diversified Bond Fund (TNUIX) at 1.36%. This indicates that TNMIX's price experiences larger fluctuations and is considered to be riskier than TNUIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TNMIX | TNUIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 1.36% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 6.54% | 4.12% | +2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.76% | 5.86% | +1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.69% | 9.50% | -1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.16% | 7.74% | -0.58% |
TNMIX vs. TNUIX - Expense Ratio Comparison
TNMIX has a 0.85% expense ratio, which is higher than TNUIX's 0.50% expense ratio.
Dividends
TNMIX vs. TNUIX - Dividend Comparison
TNMIX's dividend yield for the trailing twelve months is around 1.99%, less than TNUIX's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
TNMIX 1290 Multi-Alternative Strategies Fund | 1.99% | 2.18% | 1.57% | 3.38% | 2.86% | 10.67% | 0.78% | 3.06% | 1.24% | 0.37% | 0.62% |
TNUIX 1290 Diversified Bond Fund | 3.28% | 7.28% | 6.39% | 3.71% | 3.51% | 4.61% | 2.68% | 8.07% | 3.67% | 2.94% | 0.12% |
Frequently Asked Questions
TNMIX and TNUIX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TNMIX has higher volatility (2.51%) compared to TNUIX (1.36%). In terms of maximum drawdown, TNMIX dropped -17.21% vs TNUIX's -26.30%.
TNMIX currently has the higher Sharpe Ratio (2.40 vs 1.14), 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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