TNVDX vs. TNUIX

Last updated Jun 3, 2026

TNVDX (1290 DoubleLine Dynamic Allocation Fund) and TNUIX (1290 Diversified Bond Fund) are both mutual funds - TNVDX is a Diversified Portfolio fund managed by 1290 Funds, while TNUIX is a Intermediate Core-Plus Bond fund managed by 1290 Funds. Over the past 5 years, TNVDX returned 5.68%/yr vs -1.28%/yr for TNUIX. At a 0.34 correlation, their price movements are largely independent. TNVDX charges 1.27%/yr vs 0.50%/yr for TNUIX.

Performance

TNVDX vs. TNUIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 1290 DoubleLine Dynamic Allocation Fund (TNVDX) and 1290 Diversified Bond Fund (TNUIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TNVDX achieves a 5.12% return, which is significantly higher than TNUIX's 1.71% return.

TNVDX

• 1D: -0.09%
• 1M: 1.74%
• YTD: 5.12%
• 6M: 6.15%
• 1Y: 13.95%
• 3Y*: 10.09%
• 5Y*: 5.68%
• 10Y*: —

TNUIX

• 1D: 0.12%
• 1M: 0.75%
• YTD: 1.71%
• 6M: 1.68%
• 1Y: 6.92%
• 3Y*: 3.50%
• 5Y*: -1.28%
• 10Y*: 2.80%

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

TNVDX vs. TNUIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TNVDX 1290 DoubleLine Dynamic Allocation Fund	5.12%	10.45%	8.62%	9.34%	-8.50%	10.36%	13.50%	18.37%	-3.93%	8.11%
TNUIX 1290 Diversified Bond Fund	1.71%	10.61%	-3.72%	3.21%	-12.54%	-2.46%	17.14%	10.28%	2.30%	3.57%

Correlation

The correlation between TNVDX and TNUIX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.34

The correlation between TNVDX and TNUIX shifts across timeframes, from 0.34 (all time) to 0.49 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

TNVDX vs. TNUIX — Risk / Return Rank

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

TNVDX

TNVDX Risk / Return Rank: 65
TNVDX Sharpe Ratio Rank: 79
TNVDX Sortino Ratio Rank: 73
TNVDX Omega Ratio Rank: 81
TNVDX Calmar Ratio Rank: 46
TNVDX Martin Ratio Rank: 48

TNUIX

TNUIX Risk / Return Rank: 23
TNUIX Sharpe Ratio Rank: 15
TNUIX Sortino Ratio Rank: 16
TNUIX Omega Ratio Rank: 16
TNUIX Calmar Ratio Rank: 42
TNUIX 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.

TNVDX vs. TNUIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 1290 DoubleLine Dynamic Allocation Fund (TNVDX) and 1290 Diversified Bond Fund (TNUIX). 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.

	TNVDX	TNUIX	Difference
Sharpe ratio Return per unit of total volatility	2.57	1.11	+1.46
Sortino ratio Return per unit of downside risk	3.55	1.68	+1.87
Omega ratio Gain probability vs. loss probability	1.54	1.21	+0.33
Calmar ratio Return relative to maximum drawdown	2.59	2.46	+0.12
Martin ratio Return relative to average drawdown	9.86	6.35	+3.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TNVDX vs. TNUIX - Sharpe Ratio Comparison

The current TNVDX Sharpe Ratio is 2.57, which is higher than the TNUIX Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of TNVDX and TNUIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TNVDX	TNUIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.57	1.11	+1.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	-0.14	+0.93
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.32	+0.52

Drawdowns

TNVDX vs. TNUIX - Drawdown Comparison

The maximum TNVDX drawdown since its inception was -20.14%, smaller than the maximum TNUIX drawdown of -26.30%. Use the drawdown chart below to compare losses from any high point for TNVDX and TNUIX.

Drawdown Indicators

	TNVDX	TNUIX	Difference
Max Drawdown Largest peak-to-trough decline	-20.14%	-26.30%	+6.16%
Max Drawdown (1Y) Largest decline over 1 year	-5.48%	-2.71%	-2.77%
Max Drawdown (3Y) Largest decline over 3 years	-6.21%	-14.40%	+8.19%
Max Drawdown (5Y) Largest decline over 5 years	-17.69%	-26.30%	+8.61%
Max Drawdown (10Y) Largest decline over 10 years	—	-26.30%	—
Current Drawdown Current decline from peak	-0.09%	-6.97%	+6.88%
Average Drawdown Average peak-to-trough decline	-2.64%	-6.29%	+3.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.44%	1.05%	+0.39%

Volatility

TNVDX vs. TNUIX - Volatility Comparison

The current volatility for 1290 DoubleLine Dynamic Allocation Fund (TNVDX) is 1.82%, while 1290 Diversified Bond Fund (TNUIX) has a volatility of 2.11%. This indicates that TNVDX experiences smaller price fluctuations and is considered to be less risky than TNUIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TNVDX	TNUIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.82%	2.11%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	4.69%	4.04%	+0.65%
Volatility (1Y) Calculated over the trailing 1-year period	5.51%	5.94%	-0.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.15%	9.49%	-2.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.71%	7.73%	+0.98%

TNVDX vs. TNUIX - Expense Ratio Comparison

TNVDX has a 1.27% expense ratio, which is higher than TNUIX's 0.50% expense ratio.

Dividends

TNVDX vs. TNUIX - Dividend Comparison

TNVDX's dividend yield for the trailing twelve months is around 8.12%, more than TNUIX's 3.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
TNUIX 1290 Diversified Bond Fund	3.31%	7.28%	6.39%	3.71%	3.51%	4.61%	2.68%	8.07%	3.67%	2.94%	0.12%
TNVDX 1290 DoubleLine Dynamic Allocation Fund	8.12%	7.69%	9.73%	5.52%	4.67%	10.18%	8.15%	5.58%	5.02%	6.06%	0.00%

Frequently Asked Questions

Can I hold both TNVDX and TNUIX in my portfolio?

TNVDX and TNUIX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TNVDX or TNUIX?

TNUIX has higher volatility (2.11%) compared to TNVDX (1.82%). In terms of maximum drawdown, TNVDX dropped -20.14% vs TNUIX's -26.30%.

Which has better risk-adjusted returns?

TNVDX currently has the higher Sharpe Ratio (2.57 vs 1.11), 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.