TNVDX vs. TNUIX
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 5.06%/yr vs -0.75%/yr for TNUIX. Their 0.34 correlation means their historical movements had little consistent relationship. TNVDX charges 1.27%/yr vs 0.50%/yr for TNUIX.
Performance
TNVDX vs. TNUIX - Performance Comparison
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Returns By Period
In the year-to-date period, TNVDX achieves a 4.53% return, which is significantly higher than TNUIX's 3.01% return.
TNVDX
- 1D
- 0.28%
- 1M
- -0.56%
- 6M
- 2.15%
- YTD
- 4.53%
- 1Y
- 10.93%
- 3Y*
- 8.84%
- 5Y*
- 5.06%
- 10Y*
- —
- ALL TIME*
- 7.12%
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%
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. TNUIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNVDX 1290 DoubleLine Dynamic Allocation Fund | 4.53% | 10.45% | 8.62% | 9.34% | -8.50% | 10.36% | 13.50% | 18.37% | -3.93% | 8.11% |
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% |
Correlation
The correlation between TNVDX and TNUIX is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.34 |
The correlation between TNVDX and TNUIX shifts across timeframes, from 0.34 (all time) to 0.48 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TNVDX vs. TNUIX — Risk / Return Rank
TNVDX
TNUIX
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.
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 | TNUIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.22 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 2.35 | -0.45 |
| Martin ratioReturn relative to average drawdown | 7.09 | 6.49 | +0.60 |
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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.
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Drawdown Indicators
| TNVDX | TNUIX | Difference | |
|---|---|---|---|
Max DrawdownLargest 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% | -11.28% | +5.07% |
Max Drawdown (5Y)Largest decline over 5 years | -17.69% | -24.99% | +7.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.30% | — |
Current DrawdownCurrent decline from peak | -0.93% | -5.78% | +4.85% |
Average DrawdownAverage peak-to-trough decline | -2.60% | -6.28% | +3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.47% | 0.98% | +0.49% |
Volatility
TNVDX vs. TNUIX - Volatility Comparison
1290 DoubleLine Dynamic Allocation Fund (TNVDX) and 1290 Diversified Bond Fund (TNUIX) have volatilities of 1.14% and 1.16%, 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.
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Volatility by Period
| TNVDX | TNUIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 1.16% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 5.18% | 4.18% | +1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.96% | 5.50% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.18% | 9.50% | -2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.67% | 7.74% | +0.93% |
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 7.80%, more than TNUIX's 3.38% 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% |
TNVDX 1290 DoubleLine Dynamic Allocation Fund | 7.80% | 7.69% | 9.73% | 5.52% | 4.67% | 10.18% | 8.15% | 5.58% | 5.02% | 6.06% | 0.00% |
Frequently Asked Questions
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.
TNUIX has higher volatility (1.16%) compared to TNVDX (1.14%). In terms of maximum drawdown, TNVDX dropped -20.14% vs TNUIX's -26.30%.
TNVDX currently has the higher Sharpe Ratio (1.75 vs 1.16), 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.
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