TNUIX vs. FIWGX

Last updated Jun 23, 2026

TNUIX (1290 Diversified Bond Fund) and FIWGX (Strategic Advisers Fidelity Core Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, TNUIX returned -1.02%/yr vs 0.23%/yr for FIWGX. A 0.66 correlation means they provide meaningful diversification when combined. TNUIX charges 0.50%/yr vs 0.46%/yr for FIWGX.

Performance

TNUIX vs. FIWGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 1290 Diversified Bond Fund (TNUIX) and Strategic Advisers Fidelity Core Income Fund (FIWGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TNUIX achieves a 3.04% return, which is significantly higher than FIWGX's 0.17% return.

TNUIX

• 1D: -0.12%
• 1M: 2.31%
• YTD: 3.04%
• 6M: 3.16%
• 1Y: 7.00%
• 3Y*: 3.75%
• 5Y*: -1.02%
• 10Y*: 2.93%

FIWGX

• 1D: 0.11%
• 1M: 1.00%
• YTD: 0.17%
• 6M: 0.71%
• 1Y: 4.39%
• 3Y*: 4.32%
• 5Y*: 0.23%
• 10Y*: —

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

TNUIX vs. FIWGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
TNUIX 1290 Diversified Bond Fund	3.04%	10.61%	-3.72%	3.21%	-12.54%	-2.46%	17.14%	10.28%	2.89%
FIWGX Strategic Advisers Fidelity Core Income Fund	0.17%	6.90%	2.14%	6.51%	-13.71%	-0.37%	10.21%	9.39%	1.28%

Correlation

The correlation between TNUIX and FIWGX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since Oct 24, 2018	0.66

Over the past year, the correlation between TNUIX and FIWGX has dropped to 0.42 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.

Return for Risk

TNUIX vs. FIWGX — Risk / Return Rank

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

TNUIX

TNUIX Risk / Return Rank: 28
TNUIX Sharpe Ratio Rank: 19
TNUIX Sortino Ratio Rank: 21
TNUIX Omega Ratio Rank: 21
TNUIX Calmar Ratio Rank: 49
TNUIX Martin Ratio Rank: 30

FIWGX

FIWGX Risk / Return Rank: 26
FIWGX Sharpe Ratio Rank: 23
FIWGX Sortino Ratio Rank: 25
FIWGX Omega Ratio Rank: 21
FIWGX Calmar Ratio Rank: 33
FIWGX Martin Ratio Rank: 26

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.

TNUIX vs. FIWGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 1290 Diversified Bond Fund (TNUIX) and Strategic Advisers Fidelity Core Income Fund (FIWGX). 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.

	TNUIX	FIWGX	Difference
Sharpe ratio: Return per unit of total volatility	1.18	1.28	-0.10
Sortino ratio: Return per unit of downside risk	1.80	1.94	-0.14
Omega ratio: Gain probability vs. loss probability	1.22	1.22	0.00
Calmar ratio: Return relative to maximum drawdown	2.55	2.06	+0.49
Martin ratio: Return relative to average drawdown	6.55	5.84	+0.71

TNUIX vs. FIWGX - Sharpe Ratio Comparison

The current TNUIX Sharpe Ratio is 1.18, which is comparable to the FIWGX Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of TNUIX and FIWGX, 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

TNUIX vs. FIWGX - Drawdown Comparison

The maximum TNUIX drawdown since its inception was -26.30%, which is greater than FIWGX's maximum drawdown of -18.42%. Use the drawdown chart below to compare losses from any high point for TNUIX and FIWGX.

Drawdown Indicators

	TNUIX	FIWGX	Difference
Max Drawdown Largest peak-to-trough decline	-26.30%	-18.42%	-7.88%
Max Drawdown (1Y) Largest decline over 1 year	-2.71%	-2.52%	-0.19%
Max Drawdown (3Y) Largest decline over 3 years	-14.40%	-6.24%	-8.16%
Max Drawdown (5Y) Largest decline over 5 years	-26.17%	-18.42%	-7.75%
Max Drawdown (10Y) Largest decline over 10 years	-26.30%	—	—
Current Drawdown Current decline from peak	-5.76%	-1.00%	-4.76%
Average Drawdown Average peak-to-trough decline	-6.29%	-5.00%	-1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	0.90%	+0.15%

Volatility

TNUIX vs. FIWGX - Volatility Comparison

1290 Diversified Bond Fund (TNUIX) has a higher volatility of 1.35% compared to Strategic Advisers Fidelity Core Income Fund (FIWGX) at 1.16%. This indicates that TNUIX's price experiences larger fluctuations and is considered to be riskier than FIWGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TNUIX	FIWGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.35%	1.16%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	4.11%	2.78%	+1.33%
Volatility (1Y) Calculated over the trailing 1-year period	5.84%	4.04%	+1.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.49%	6.10%	+3.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.73%	5.50%	+2.23%

TNUIX vs. FIWGX - Expense Ratio Comparison

TNUIX has a 0.50% expense ratio, which is higher than FIWGX's 0.46% expense ratio.

Dividends

TNUIX vs. FIWGX - Dividend Comparison

TNUIX's dividend yield for the trailing twelve months is around 3.27%, less than FIWGX's 3.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FIWGX Strategic Advisers Fidelity Core Income Fund	3.43%	3.68%	4.36%	3.79%	2.24%	1.77%	6.83%	4.30%	0.57%	0.00%	0.00%
TNUIX 1290 Diversified Bond Fund	3.27%	7.28%	6.39%	3.71%	3.51%	4.61%	2.68%	8.07%	3.67%	2.94%	0.12%

Frequently Asked Questions

Can I hold both TNUIX and FIWGX in my portfolio?

TNUIX and FIWGX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TNUIX or FIWGX?

TNUIX has higher volatility (1.35%) compared to FIWGX (1.16%). In terms of maximum drawdown, TNUIX dropped -26.30% vs FIWGX's -18.42%.

Which has better risk-adjusted returns?

FIWGX currently has the higher Sharpe Ratio (1.28 vs 1.18), 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.