TNVIX vs. IVV
Compare and contrast key facts about 1290 GAMCO Small/Mid Cap Value Fund (TNVIX) and iShares Core S&P 500 ETF (IVV).
TNVIX is managed by 1290 Funds. It was launched on Nov 12, 2014. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000.
Performance
TNVIX vs. IVV - Performance Comparison
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TNVIX vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNVIX 1290 GAMCO Small/Mid Cap Value Fund | 4.18% | 13.91% | 11.48% | 21.31% | -11.37% | 21.85% | 11.33% | 19.81% | -14.34% | 19.00% |
IVV iShares Core S&P 500 ETF | -4.38% | 17.85% | 24.93% | 26.31% | -18.16% | 28.76% | 18.40% | 31.07% | -4.49% | 21.75% |
Returns By Period
In the year-to-date period, TNVIX achieves a 4.18% return, which is significantly higher than IVV's -4.38% return. Over the past 10 years, TNVIX has underperformed IVV with an annualized return of 10.40%, while IVV has yielded a comparatively higher 14.02% annualized return.
TNVIX
- 1D
- -1.12%
- 1M
- -9.02%
- YTD
- 4.18%
- 6M
- 6.87%
- 1Y
- 25.29%
- 3Y*
- 14.60%
- 5Y*
- 8.38%
- 10Y*
- 10.40%
IVV
- 1D
- 2.88%
- 1M
- -4.99%
- YTD
- -4.38%
- 6M
- -1.80%
- 1Y
- 17.69%
- 3Y*
- 18.29%
- 5Y*
- 11.76%
- 10Y*
- 14.02%
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TNVIX vs. IVV - Expense Ratio Comparison
TNVIX has a 0.95% expense ratio, which is higher than IVV's 0.03% expense ratio.
Return for Risk
TNVIX vs. IVV — Risk / Return Rank
TNVIX
IVV
TNVIX vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 1290 GAMCO Small/Mid Cap Value Fund (TNVIX) and iShares Core S&P 500 ETF (IVV). 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.
| TNVIX | IVV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 0.97 | +0.25 |
Sortino ratioReturn per unit of downside risk | 1.81 | 1.49 | +0.32 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.53 | +0.13 |
Martin ratioReturn relative to average drawdown | 6.32 | 7.32 | -1.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TNVIX | IVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 0.97 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.70 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.78 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.42 | +0.02 |
Correlation
The correlation between TNVIX and IVV is 0.76, 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.
Dividends
TNVIX vs. IVV - Dividend Comparison
TNVIX's dividend yield for the trailing twelve months is around 3.79%, more than IVV's 1.23% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TNVIX 1290 GAMCO Small/Mid Cap Value Fund | 3.79% | 3.95% | 8.76% | 3.82% | 2.51% | 7.05% | 0.47% | 1.74% | 1.58% | 1.87% | 1.79% | 0.00% |
IVV iShares Core S&P 500 ETF | 1.23% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Drawdowns
TNVIX vs. IVV - Drawdown Comparison
The maximum TNVIX drawdown since its inception was -42.75%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for TNVIX and IVV.
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Drawdown Indicators
| TNVIX | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.75% | -55.25% | +12.50% |
Max Drawdown (1Y)Largest decline over 1 year | -13.34% | -12.06% | -1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -25.61% | -24.53% | -1.08% |
Max Drawdown (10Y)Largest decline over 10 years | -42.75% | -33.90% | -8.85% |
Current DrawdownCurrent decline from peak | -9.49% | -6.26% | -3.23% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -10.85% | +4.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 2.53% | +0.98% |
Volatility
TNVIX vs. IVV - Volatility Comparison
1290 GAMCO Small/Mid Cap Value Fund (TNVIX) has a higher volatility of 6.09% compared to iShares Core S&P 500 ETF (IVV) at 5.30%. This indicates that TNVIX's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TNVIX | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.09% | 5.30% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 11.62% | 9.45% | +2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.63% | 18.31% | +2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.76% | 16.89% | +2.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.06% | 18.04% | +3.02% |