TNMIX vs. TNXAX
Compare and contrast key facts about 1290 Multi-Alternative Strategies Fund (TNMIX) and 1290 Loomis Sayles Multi-Asset Income Fund Class A (TNXAX).
TNMIX is managed by 1290 Funds. It was launched on Jul 5, 2015. TNXAX is managed by 1290 Funds. It was launched on Mar 7, 2016.
Performance
TNMIX vs. TNXAX - Performance Comparison
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TNMIX vs. TNXAX - 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% |
TNXAX 1290 Loomis Sayles Multi-Asset Income Fund Class A | -0.52% | 10.19% | 8.37% | 9.11% | -8.74% | 10.02% | 13.24% | 18.22% | -4.28% | 8.13% |
Returns By Period
In the year-to-date period, TNMIX achieves a 5.36% return, which is significantly higher than TNXAX's -0.52% 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%
TNXAX
- 1D
- 0.39%
- 1M
- -4.68%
- YTD
- -0.52%
- 6M
- 1.71%
- 1Y
- 8.74%
- 3Y*
- 8.11%
- 5Y*
- 4.92%
- 10Y*
- —
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TNMIX vs. TNXAX - Expense Ratio Comparison
TNMIX has a 0.85% expense ratio, which is lower than TNXAX's 1.14% expense ratio.
Return for Risk
TNMIX vs. TNXAX — Risk / Return Rank
TNMIX
TNXAX
TNMIX vs. TNXAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 1290 Multi-Alternative Strategies Fund (TNMIX) and 1290 Loomis Sayles Multi-Asset Income Fund Class A (TNXAX). 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 | TNXAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.02 | 1.42 | +0.60 |
Sortino ratioReturn per unit of downside risk | 2.76 | 1.86 | +0.90 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.29 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 3.17 | 1.62 | +1.54 |
Martin ratioReturn relative to average drawdown | 15.55 | 6.36 | +9.19 |
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 | TNXAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 1.42 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.63 | -0.08 |
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 | 0.73 | -0.14 |
Correlation
The correlation between TNMIX and TNXAX is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TNMIX vs. TNXAX - Dividend Comparison
TNMIX's dividend yield for the trailing twelve months is around 2.06%, less than TNXAX's 7.49% 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% |
TNXAX 1290 Loomis Sayles Multi-Asset Income Fund Class A | 7.49% | 7.45% | 9.48% | 5.31% | 4.42% | 9.95% | 7.91% | 5.34% | 4.75% | 6.06% | 0.00% |
Drawdowns
TNMIX vs. TNXAX - Drawdown Comparison
The maximum TNMIX drawdown since its inception was -17.21%, smaller than the maximum TNXAX drawdown of -20.07%. Use the drawdown chart below to compare losses from any high point for TNMIX and TNXAX.
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Drawdown Indicators
| TNMIX | TNXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.21% | -20.07% | +2.86% |
Max Drawdown (1Y)Largest decline over 1 year | -5.63% | -5.58% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -16.15% | -17.80% | +1.65% |
Max Drawdown (10Y)Largest decline over 10 years | -17.21% | — | — |
Current DrawdownCurrent decline from peak | -2.48% | -5.03% | +2.55% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -2.96% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 1.42% | -0.27% |
Volatility
TNMIX vs. TNXAX - Volatility Comparison
1290 Multi-Alternative Strategies Fund (TNMIX) has a higher volatility of 3.15% compared to 1290 Loomis Sayles Multi-Asset Income Fund Class A (TNXAX) at 2.56%. This indicates that TNMIX's price experiences larger fluctuations and is considered to be riskier than TNXAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TNMIX | TNXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 2.56% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 6.72% | 4.45% | +2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.78% | 6.32% | +2.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.66% | 7.89% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.12% | 9.05% | -1.93% |