TNUIX vs. UTBPX
TNUIX (1290 Diversified Bond Fund) and UTBPX (UBS Multi Income Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, TNUIX returned 2.91%/yr vs 1.74%/yr for UTBPX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. TNUIX charges 0.50%/yr vs 1.72%/yr for UTBPX.
Performance
TNUIX vs. UTBPX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TNUIX achieves a 3.01% return, which is significantly higher than UTBPX's 0.12% return. Over the past 10 years, TNUIX has outperformed UTBPX with an annualized return of 2.91%, while UTBPX has yielded a comparatively lower 1.74% annualized return.
TNUIX
- 1D
- 0.00%
- 1M
- 0.12%
- 6M
- 1.67%
- YTD
- 3.01%
- 1Y
- 5.20%
- 3Y*
- 3.70%
- 5Y*
- -0.75%
- 10Y*
- 2.91%
- ALL TIME*
- 2.47%
UTBPX
- 1D
- 0.08%
- 1M
- -1.10%
- 6M
- -0.40%
- YTD
- 0.12%
- 1Y
- 3.07%
- 3Y*
- 3.96%
- 5Y*
- 0.15%
- 10Y*
- 1.74%
- ALL TIME*
- 1.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TNUIX vs. UTBPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNUIX 1290 Diversified Bond Fund | 3.01% | 10.61% | -3.72% | 3.21% | -12.54% | -2.46% | 17.14% | 10.28% | 2.30% | 3.47% |
UTBPX UBS Multi Income Bond Fund | 0.12% | 6.60% | 1.67% | 6.67% | -11.74% | -1.49% | 6.51% | 10.62% | -2.08% | 4.81% |
Correlation
The correlation between TNUIX and UTBPX is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.61 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.60 |
The correlation between TNUIX and UTBPX shifts across timeframes, from 0.60 (all time) to 0.81 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TNUIX vs. UTBPX — Risk / Return Rank
TNUIX
UTBPX
TNUIX vs. UTBPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 1290 Diversified Bond Fund (TNUIX) and UBS Multi Income Bond Fund (UTBPX). 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 | UTBPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.19 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 1.36 | +0.98 |
| Martin ratioReturn relative to average drawdown | 6.49 | 4.71 | +1.78 |
Loading charts...
Drawdowns
TNUIX vs. UTBPX - Drawdown Comparison
The maximum TNUIX drawdown since its inception was -26.30%, which is greater than UTBPX's maximum drawdown of -16.84%. Use the drawdown chart below to compare losses from any high point for TNUIX and UTBPX.
Loading charts...
Drawdown Indicators
| TNUIX | UTBPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.30% | -16.84% | -9.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -2.98% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -11.28% | -4.35% | -6.93% |
Max Drawdown (5Y)Largest decline over 5 years | -24.99% | -16.78% | -8.21% |
Max Drawdown (10Y)Largest decline over 10 years | -26.30% | -16.84% | -9.46% |
Current DrawdownCurrent decline from peak | -5.78% | -1.61% | -4.17% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -3.98% | -2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 0.86% | +0.12% |
Volatility
TNUIX vs. UTBPX - Volatility Comparison
1290 Diversified Bond Fund (TNUIX) and UBS Multi Income Bond Fund (UTBPX) have volatilities of 1.16% and 1.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TNUIX | UTBPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 1.17% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.18% | 3.31% | +0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.50% | 3.97% | +1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.50% | 4.90% | +4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.74% | 4.37% | +3.37% |
TNUIX vs. UTBPX - Expense Ratio Comparison
TNUIX has a 0.50% expense ratio, which is lower than UTBPX's 1.72% expense ratio.
Dividends
TNUIX vs. UTBPX - Dividend Comparison
TNUIX's dividend yield for the trailing twelve months is around 3.38%, less than UTBPX's 4.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
TNUIX 1290 Diversified Bond Fund | 3.38% | 7.28% | 6.39% | 3.71% | 3.51% | 4.61% | 2.68% | 8.07% | 3.67% | 2.94% | 0.12% |
UTBPX UBS Multi Income Bond Fund | 4.30% | 4.18% | 4.53% | 3.54% | 2.84% | 1.89% | 2.11% | 2.80% | 3.05% | 2.46% | 1.68% |
Frequently Asked Questions
TNUIX and UTBPX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UTBPX has higher volatility (1.17%) compared to TNUIX (1.16%). In terms of maximum drawdown, TNUIX dropped -26.30% vs UTBPX's -16.84%.
TNUIX currently has the higher Sharpe Ratio (1.16 vs 1.03), 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.
Find the right allocation for TNUIX and UTBPX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer