TNUIX vs. PTRIX

Last updated Jul 11, 2026

TNUIX (1290 Diversified Bond Fund) and PTRIX (PIMCO Mortgage-Backed Securities Fund) are both Intermediate Core-Plus Bond funds. At a 0.47 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.

Performance

TNUIX vs. PTRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 1290 Diversified Bond Fund (TNUIX) and PIMCO Mortgage-Backed Securities Fund (PTRIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TNUIX

• 1D: 0.35%
• 1M: 0.80%
• 6M: 2.52%
• YTD: 3.25%
• 1Y: 7.35%
• 3Y*: 4.49%
• 5Y*: -0.97%
• 10Y*: 2.96%

PTRIX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TNUIX vs. PTRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TNUIX 1290 Diversified Bond Fund	3.25%	10.61%	-3.72%	3.21%	-12.54%	-2.46%	17.14%	10.28%	2.30%	3.47%
PTRIX PIMCO Mortgage-Backed Securities Fund	0.00%	0.00%	5.87%	5.25%	-14.13%	1.04%	5.30%	6.44%	1.35%	4.38%

Correlation

The correlation between TNUIX and PTRIX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jul 9, 2015	0.47

The correlation between TNUIX and PTRIX shifts across timeframes, from 0.47 (all time) to 0.69 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

TNUIX vs. PTRIX — Risk / Return Rank

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

TNUIX

TNUIX Risk / Return Rank: 43
TNUIX Sharpe Ratio Rank: 32
TNUIX Sortino Ratio Rank: 35
TNUIX Omega Ratio Rank: 34
TNUIX Calmar Ratio Rank: 70
TNUIX Martin Ratio Rank: 42

PTRIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. PTRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 1290 Diversified Bond Fund (TNUIX) and PIMCO Mortgage-Backed Securities Fund (PTRIX). 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	PTRIX	Difference
Sharpe ratio: Return per unit of total volatility	1.23	—	—
Sortino ratio: Return per unit of downside risk	1.89	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	2.58	—	—
Martin ratio: Return relative to average drawdown	7.08	—	—

Drawdowns

Drawdown Indicators

	TNUIX	PTRIX	Difference
Max Drawdown Largest peak-to-trough decline	-26.30%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-2.71%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.40%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.62%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-26.30%	—	—
Current Drawdown Current decline from peak	-5.56%	—	—
Average Drawdown Average peak-to-trough decline	-6.29%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	—	—

Volatility

Volatility by Period

	TNUIX	PTRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.16%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.69%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.50%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.74%	—	—

TNUIX vs. PTRIX - Expense Ratio Comparison

Both TNUIX and PTRIX have an expense ratio of 0.50%.

Dividends

TNUIX vs. PTRIX - Dividend Comparison

TNUIX's dividend yield for the trailing twelve months is around 3.48%, while PTRIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PTRIX PIMCO Mortgage-Backed Securities Fund	0.00%	0.00%	4.07%	5.32%	3.82%	3.02%	2.89%	3.73%	3.54%	3.04%	3.18%	2.43%
TNUIX 1290 Diversified Bond Fund	3.48%	7.28%	6.39%	3.71%	3.51%	4.61%	2.68%	8.07%	3.67%	2.94%	0.12%	0.00%

Frequently Asked Questions

Can I hold both TNUIX and PTRIX in my portfolio?

TNUIX and PTRIX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.