Correlation
The correlation between TNVIX and FEQIX is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
TNVIX vs. FEQIX
Compare and contrast key facts about 1290 GAMCO Small/Mid Cap Value Fund (TNVIX) and Fidelity Equity-Income Fund (FEQIX).
TNVIX is managed by 1290 Funds. It was launched on Nov 12, 2014. FEQIX is managed by Fidelity. It was launched on May 16, 1966.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TNVIX or FEQIX.
Performance
TNVIX vs. FEQIX - Performance Comparison
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Key characteristics
TNVIX:
0.03
FEQIX:
0.77
TNVIX:
0.20
FEQIX:
1.10
TNVIX:
1.03
FEQIX:
1.16
TNVIX:
0.03
FEQIX:
0.83
TNVIX:
0.08
FEQIX:
3.28
TNVIX:
7.88%
FEQIX:
3.31%
TNVIX:
22.08%
FEQIX:
15.13%
TNVIX:
-44.10%
FEQIX:
-62.24%
TNVIX:
-10.00%
FEQIX:
-1.32%
Returns By Period
In the year-to-date period, TNVIX achieves a -2.64% return, which is significantly lower than FEQIX's 5.02% return. Over the past 10 years, TNVIX has underperformed FEQIX with an annualized return of 7.62%, while FEQIX has yielded a comparatively higher 9.44% annualized return.
TNVIX
-2.64%
6.69%
-9.57%
0.60%
7.12%
14.66%
7.62%
FEQIX
5.02%
3.74%
-1.32%
11.54%
9.79%
13.89%
9.44%
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TNVIX vs. FEQIX - Expense Ratio Comparison
TNVIX has a 0.95% expense ratio, which is higher than FEQIX's 0.57% expense ratio.
Risk-Adjusted Performance
TNVIX vs. FEQIX — Risk-Adjusted Performance Rank
TNVIX
FEQIX
TNVIX vs. FEQIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for 1290 GAMCO Small/Mid Cap Value Fund (TNVIX) and Fidelity Equity-Income Fund (FEQIX). 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.
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Dividends
TNVIX vs. FEQIX - Dividend Comparison
TNVIX's dividend yield for the trailing twelve months is around 5.06%, more than FEQIX's 4.96% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TNVIX 1290 GAMCO Small/Mid Cap Value Fund | 5.06% | 4.93% | 3.82% | 2.51% | 7.06% | 0.48% | 1.74% | 1.59% | 2.33% | 1.79% | 3.04% | 0.72% |
FEQIX Fidelity Equity-Income Fund | 4.96% | 5.51% | 4.26% | 4.56% | 9.89% | 3.38% | 7.16% | 9.76% | 6.80% | 4.28% | 12.17% | 7.24% |
Drawdowns
TNVIX vs. FEQIX - Drawdown Comparison
The maximum TNVIX drawdown since its inception was -44.10%, smaller than the maximum FEQIX drawdown of -62.24%. Use the drawdown chart below to compare losses from any high point for TNVIX and FEQIX.
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Volatility
TNVIX vs. FEQIX - Volatility Comparison
1290 GAMCO Small/Mid Cap Value Fund (TNVIX) has a higher volatility of 5.70% compared to Fidelity Equity-Income Fund (FEQIX) at 4.01%. This indicates that TNVIX's price experiences larger fluctuations and is considered to be riskier than FEQIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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