Correlation
The correlation between TNVIX and SOXX 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. SOXX
Compare and contrast key facts about 1290 GAMCO Small/Mid Cap Value Fund (TNVIX) and iShares PHLX Semiconductor ETF (SOXX).
TNVIX is managed by 1290 Funds. It was launched on Nov 12, 2014. SOXX is a passively managed fund by iShares that tracks the performance of the PHLX Semiconductor Sector Index. It was launched on Jul 10, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TNVIX or SOXX.
Performance
TNVIX vs. SOXX - Performance Comparison
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Key characteristics
TNVIX:
0.04
SOXX:
-0.29
TNVIX:
0.22
SOXX:
-0.22
TNVIX:
1.03
SOXX:
0.97
TNVIX:
0.04
SOXX:
-0.36
TNVIX:
0.13
SOXX:
-0.79
TNVIX:
7.88%
SOXX:
18.93%
TNVIX:
22.08%
SOXX:
43.87%
TNVIX:
-44.10%
SOXX:
-70.21%
TNVIX:
-9.67%
SOXX:
-22.40%
Returns By Period
In the year-to-date period, TNVIX achieves a -2.29% return, which is significantly higher than SOXX's -4.77% return. Over the past 10 years, TNVIX has underperformed SOXX with an annualized return of 7.66%, while SOXX has yielded a comparatively higher 21.21% annualized return.
TNVIX
-2.29%
6.53%
-9.25%
-0.77%
7.25%
14.75%
7.66%
SOXX
-4.77%
11.63%
-4.58%
-11.85%
14.01%
20.59%
21.21%
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TNVIX vs. SOXX - Expense Ratio Comparison
TNVIX has a 0.95% expense ratio, which is higher than SOXX's 0.46% expense ratio.
Risk-Adjusted Performance
TNVIX vs. SOXX — Risk-Adjusted Performance Rank
TNVIX
SOXX
TNVIX vs. SOXX - 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 PHLX Semiconductor ETF (SOXX). 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. SOXX - Dividend Comparison
TNVIX's dividend yield for the trailing twelve months is around 5.05%, more than SOXX's 0.72% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TNVIX 1290 GAMCO Small/Mid Cap Value Fund | 5.05% | 4.93% | 3.82% | 2.51% | 7.05% | 0.47% | 1.73% | 1.58% | 2.33% | 1.79% | 3.04% | 0.72% |
SOXX iShares PHLX Semiconductor ETF | 0.72% | 0.67% | 0.78% | 1.26% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% | 1.56% |
Drawdowns
TNVIX vs. SOXX - Drawdown Comparison
The maximum TNVIX drawdown since its inception was -44.10%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for TNVIX and SOXX.
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Volatility
TNVIX vs. SOXX - Volatility Comparison
The current volatility for 1290 GAMCO Small/Mid Cap Value Fund (TNVIX) is 5.67%, while iShares PHLX Semiconductor ETF (SOXX) has a volatility of 9.81%. This indicates that TNVIX experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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