TNUIX vs. LMSMX
Compare and contrast key facts about 1290 Diversified Bond Fund (TNUIX) and Western Asset SMASh Series M Fund (LMSMX).
TNUIX is managed by 1290 Funds. It was launched on Jul 6, 2015. LMSMX is managed by Legg Mason. It was launched on Dec 27, 2006.
Performance
TNUIX vs. LMSMX - Performance Comparison
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TNUIX vs. LMSMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNUIX 1290 Diversified Bond Fund | -0.96% | 10.61% | -3.72% | 3.21% | -12.54% | -2.46% | 17.14% | 10.28% | 2.30% | 3.57% |
LMSMX Western Asset SMASh Series M Fund | 0.56% | 12.15% | -1.72% | 5.13% | -23.44% | -2.32% | 12.86% | 7.71% | 1.46% | 5.52% |
Returns By Period
In the year-to-date period, TNUIX achieves a -0.96% return, which is significantly lower than LMSMX's 0.56% return.
TNUIX
- 1D
- -0.12%
- 1M
- -2.59%
- YTD
- -0.96%
- 6M
- -0.49%
- 1Y
- 5.20%
- 3Y*
- 1.99%
- 5Y*
- -1.24%
- 10Y*
- 2.60%
LMSMX
- 1D
- 0.38%
- 1M
- -1.28%
- YTD
- 0.56%
- 6M
- 2.13%
- 1Y
- 7.08%
- 3Y*
- 3.86%
- 5Y*
- -1.85%
- 10Y*
- —
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TNUIX vs. LMSMX - Expense Ratio Comparison
TNUIX has a 0.50% expense ratio, which is higher than LMSMX's 0.00% expense ratio.
Return for Risk
TNUIX vs. LMSMX — Risk / Return Rank
TNUIX
LMSMX
TNUIX vs. LMSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 1290 Diversified Bond Fund (TNUIX) and Western Asset SMASh Series M Fund (LMSMX). 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.
| TNUIX | LMSMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 1.10 | -0.17 |
Sortino ratioReturn per unit of downside risk | 1.39 | 1.64 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.22 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.50 | 1.61 | -0.11 |
Martin ratioReturn relative to average drawdown | 5.38 | 5.40 | -0.02 |
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
| TNUIX | LMSMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 1.10 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | -0.18 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.17 | +0.12 |
Correlation
The correlation between TNUIX and LMSMX is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TNUIX vs. LMSMX - Dividend Comparison
TNUIX's dividend yield for the trailing twelve months is around 5.38%, more than LMSMX's 4.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TNUIX 1290 Diversified Bond Fund | 5.38% | 7.28% | 6.39% | 3.71% | 3.51% | 4.61% | 2.68% | 8.07% | 3.67% | 2.94% | 0.12% |
LMSMX Western Asset SMASh Series M Fund | 4.38% | 4.20% | 5.24% | 4.68% | 3.40% | 3.78% | 6.84% | 7.19% | 3.18% | 3.24% | 0.00% |
Drawdowns
TNUIX vs. LMSMX - Drawdown Comparison
The maximum TNUIX drawdown since its inception was -26.30%, smaller than the maximum LMSMX drawdown of -30.76%. Use the drawdown chart below to compare losses from any high point for TNUIX and LMSMX.
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Drawdown Indicators
| TNUIX | LMSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.30% | -30.76% | +4.46% |
Max Drawdown (1Y)Largest decline over 1 year | -3.93% | -4.83% | +0.90% |
Max Drawdown (5Y)Largest decline over 5 years | -26.30% | -30.18% | +3.88% |
Max Drawdown (10Y)Largest decline over 10 years | -26.30% | — | — |
Current DrawdownCurrent decline from peak | -9.42% | -13.02% | +3.60% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -10.07% | +3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 1.44% | -0.34% |
Volatility
TNUIX vs. LMSMX - Volatility Comparison
1290 Diversified Bond Fund (TNUIX) has a higher volatility of 1.94% compared to Western Asset SMASh Series M Fund (LMSMX) at 1.52%. This indicates that TNUIX's price experiences larger fluctuations and is considered to be riskier than LMSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TNUIX | LMSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 1.52% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 3.22% | 2.47% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.26% | 6.95% | -0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.43% | 10.39% | -0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.67% | 8.22% | -0.55% |