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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TNVIX or IVV.
Key characteristics
TNVIX | IVV | |
---|---|---|
YTD Return | 6.04% | 18.92% |
1Y Return | 16.90% | 28.22% |
3Y Return (Ann) | 6.67% | 9.94% |
5Y Return (Ann) | 10.52% | 15.31% |
Sharpe Ratio | 0.88 | 2.22 |
Daily Std Dev | 18.95% | 12.61% |
Max Drawdown | -44.10% | -55.25% |
Current Drawdown | -3.27% | -0.61% |
Correlation
The correlation between TNVIX and IVV 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.
Performance
TNVIX vs. IVV - Performance Comparison
In the year-to-date period, TNVIX achieves a 6.04% return, which is significantly lower than IVV's 18.92% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
TNVIX vs. IVV - Risk-Adjusted Performance 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.
Dividends
TNVIX vs. IVV - Dividend Comparison
TNVIX's dividend yield for the trailing twelve months is around 3.57%, more than IVV's 1.27% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1290 GAMCO Small/Mid Cap Value Fund | 3.57% | 3.79% | 2.51% | 7.05% | 0.47% | 1.73% | 1.58% | 2.33% | 1.79% | 0.27% | 0.72% | 0.00% |
iShares Core S&P 500 ETF | 1.27% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.20% | 1.75% | 2.01% | 2.26% | 1.82% | 1.80% |
Drawdowns
TNVIX vs. IVV - Drawdown Comparison
The maximum TNVIX drawdown since its inception was -44.10%, 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. For additional features, visit the drawdowns tool.
Volatility
TNVIX vs. IVV - Volatility Comparison
1290 GAMCO Small/Mid Cap Value Fund (TNVIX) has a higher volatility of 5.73% compared to iShares Core S&P 500 ETF (IVV) at 3.85%. 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.