TNVDX vs. FSRKX
TNVDX (1290 DoubleLine Dynamic Allocation Fund) and FSRKX (Fidelity Strategic Real Return Fund Class K6) are both Diversified Portfolio funds. Over the past 5 years, TNVDX returned 5.00%/yr vs 5.68%/yr for FSRKX. Their 0.64 correlation means they have sometimes moved together and sometimes differently. TNVDX charges 1.27%/yr vs 0.51%/yr for FSRKX.
Performance
TNVDX vs. FSRKX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TNVDX achieves a 4.24% return, which is significantly lower than FSRKX's 6.77% return.
TNVDX
- 1D
- -0.28%
- 1M
- -0.83%
- 6M
- 2.05%
- YTD
- 4.24%
- 1Y
- 10.62%
- 3Y*
- 8.85%
- 5Y*
- 5.00%
- 10Y*
- —
- ALL TIME*
- 7.09%
FSRKX
- 1D
- -0.21%
- 1M
- 0.42%
- 6M
- 3.96%
- YTD
- 6.77%
- 1Y
- 13.11%
- 3Y*
- 8.39%
- 5Y*
- 5.68%
- 10Y*
- —
- ALL TIME*
- 6.74%
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 |
TNVDX vs. FSRKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TNVDX 1290 DoubleLine Dynamic Allocation Fund | 4.24% | 10.45% | 8.62% | 9.34% | -8.50% | 10.36% | 13.50% | 4.89% |
FSRKX Fidelity Strategic Real Return Fund Class K6 | 6.77% | 10.59% | 6.00% | 4.81% | -3.13% | 16.06% | 3.94% | 1.66% |
Correlation
The correlation between TNVDX and FSRKX is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2019 | 0.64 |
The correlation between TNVDX and FSRKX shifts across timeframes, from 0.49 (1 year) to 0.64 (all time), 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
TNVDX vs. FSRKX — Risk / Return Rank
TNVDX
FSRKX
TNVDX vs. FSRKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 1290 DoubleLine Dynamic Allocation Fund (TNVDX) and Fidelity Strategic Real Return Fund Class K6 (FSRKX). 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.
| TNVDX | FSRKX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.52 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 3.63 | -1.74 |
| Martin ratioReturn relative to average drawdown | 7.04 | 11.84 | -4.80 |
Loading charts...
Drawdowns
TNVDX vs. FSRKX - Drawdown Comparison
The maximum TNVDX drawdown since its inception was -20.14%, roughly equal to the maximum FSRKX drawdown of -19.93%. Use the drawdown chart below to compare losses from any high point for TNVDX and FSRKX.
Loading charts...
Drawdown Indicators
| TNVDX | FSRKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.14% | -19.93% | -0.21% |
Max Drawdown (1Y)Largest decline over 1 year | -5.48% | -3.60% | -1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -6.21% | -5.84% | -0.37% |
Max Drawdown (5Y)Largest decline over 5 years | -17.69% | -12.74% | -4.95% |
Current DrawdownCurrent decline from peak | -1.20% | -2.57% | +1.37% |
Average DrawdownAverage peak-to-trough decline | -2.60% | -3.19% | +0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 1.10% | +0.37% |
Volatility
TNVDX vs. FSRKX - Volatility Comparison
The current volatility for 1290 DoubleLine Dynamic Allocation Fund (TNVDX) is 1.12%, while Fidelity Strategic Real Return Fund Class K6 (FSRKX) has a volatility of 1.84%. This indicates that TNVDX experiences smaller price fluctuations and is considered to be less risky than FSRKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TNVDX | FSRKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.84% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 5.19% | 3.90% | +1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.96% | 5.01% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.18% | 6.94% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.67% | 7.75% | +0.92% |
TNVDX vs. FSRKX - Expense Ratio Comparison
TNVDX has a 1.27% expense ratio, which is higher than FSRKX's 0.51% expense ratio.
Dividends
TNVDX vs. FSRKX - Dividend Comparison
TNVDX's dividend yield for the trailing twelve months is around 7.83%, more than FSRKX's 3.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FSRKX Fidelity Strategic Real Return Fund Class K6 | 3.30% | 4.83% | 4.98% | 5.38% | 7.38% | 5.43% | 2.31% | 1.16% | 0.00% | 0.00% |
TNVDX 1290 DoubleLine Dynamic Allocation Fund | 7.83% | 7.69% | 9.73% | 5.52% | 4.67% | 10.18% | 8.15% | 5.58% | 5.02% | 6.06% |
Frequently Asked Questions
TNVDX and FSRKX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSRKX has higher volatility (1.84%) compared to TNVDX (1.12%). In terms of maximum drawdown, TNVDX dropped -20.14% vs FSRKX's -19.93%.
FSRKX currently has the higher Sharpe Ratio (2.62 vs 1.74), 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 TNVDX and FSRKX
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