TNXAX vs. CPITX
TNXAX (1290 Loomis Sayles Multi-Asset Income Fund Class A) and CPITX (Counterpoint Tactical Income Fund) are both mutual funds - TNXAX is a Diversified Portfolio fund managed by 1290 Funds, while CPITX is a Nontraditional Bonds fund managed by Counterpoint Mutual Funds. Over the past 5 years, TNXAX returned 4.81%/yr vs 3.38%/yr for CPITX. Their 0.47 correlation means their historical movements had little consistent relationship. TNXAX charges 1.14%/yr vs 1.46%/yr for CPITX.
Performance
TNXAX vs. CPITX - Performance Comparison
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Returns By Period
In the year-to-date period, TNXAX achieves a 4.41% return, which is significantly higher than CPITX's -0.79% return.
TNXAX
- 1D
- 0.28%
- 1M
- -0.56%
- 6M
- 2.14%
- YTD
- 4.41%
- 1Y
- 10.69%
- 3Y*
- 8.59%
- 5Y*
- 4.81%
- 10Y*
- —
- ALL TIME*
- 6.89%
CPITX
- 1D
- 0.19%
- 1M
- -0.53%
- 6M
- -1.17%
- YTD
- -0.79%
- 1Y
- 2.32%
- 3Y*
- 4.86%
- 5Y*
- 3.38%
- 10Y*
- 4.40%
- ALL TIME*
- 4.80%
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 |
TNXAX vs. CPITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNXAX 1290 Loomis Sayles Multi-Asset Income Fund Class A | 4.41% | 10.19% | 8.37% | 9.11% | -8.74% | 10.02% | 13.24% | 18.22% | -4.28% | 8.13% |
CPITX Counterpoint Tactical Income Fund | -0.79% | 4.58% | 6.76% | 9.81% | -2.40% | 2.53% | 8.47% | 9.85% | -2.80% | 4.93% |
Correlation
The correlation between TNXAX and CPITX is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.47 |
Over the past year, TNXAX and CPITX have become more correlated (0.68) than their long-term average of 0.47, meaning their price movements have been converging.
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Return for Risk
TNXAX vs. CPITX — Risk / Return Rank
TNXAX
CPITX
TNXAX vs. CPITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 1290 Loomis Sayles Multi-Asset Income Fund Class A (TNXAX) and Counterpoint Tactical Income Fund (CPITX). 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.
| TNXAX | CPITX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.17 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.13 | +0.69 |
| Martin ratioReturn relative to average drawdown | 6.84 | 2.65 | +4.18 |
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Drawdowns
TNXAX vs. CPITX - Drawdown Comparison
The maximum TNXAX drawdown since its inception was -20.07%, which is greater than CPITX's maximum drawdown of -4.59%. Use the drawdown chart below to compare losses from any high point for TNXAX and CPITX.
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Drawdown Indicators
| TNXAX | CPITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.07% | -4.59% | -15.48% |
Max Drawdown (1Y)Largest decline over 1 year | -5.58% | -1.99% | -3.59% |
Max Drawdown (3Y)Largest decline over 3 years | -9.89% | -3.80% | -6.09% |
Max Drawdown (5Y)Largest decline over 5 years | -17.80% | -4.59% | -13.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -4.59% | — |
Current DrawdownCurrent decline from peak | -0.86% | -1.35% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -2.90% | -0.95% | -1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 0.84% | +0.64% |
Volatility
TNXAX vs. CPITX - Volatility Comparison
1290 Loomis Sayles Multi-Asset Income Fund Class A (TNXAX) has a higher volatility of 1.12% compared to Counterpoint Tactical Income Fund (CPITX) at 0.59%. This indicates that TNXAX's price experiences larger fluctuations and is considered to be riskier than CPITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TNXAX | CPITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 0.59% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 5.14% | 1.93% | +3.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.96% | 2.56% | +3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.89% | 2.77% | +5.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.96% | 2.89% | +6.07% |
TNXAX vs. CPITX - Expense Ratio Comparison
TNXAX has a 1.14% expense ratio, which is lower than CPITX's 1.46% expense ratio.
Dividends
TNXAX vs. CPITX - Dividend Comparison
TNXAX's dividend yield for the trailing twelve months is around 7.58%, more than CPITX's 4.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPITX Counterpoint Tactical Income Fund | 4.95% | 5.18% | 5.92% | 5.80% | 2.62% | 3.93% | 2.25% | 3.68% | 3.52% | 4.60% | 4.60% | 1.39% |
TNXAX 1290 Loomis Sayles Multi-Asset Income Fund Class A | 7.58% | 7.45% | 9.48% | 5.31% | 4.42% | 9.95% | 7.91% | 5.34% | 4.75% | 6.06% | 0.00% | 0.00% |
Frequently Asked Questions
TNXAX and CPITX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TNXAX has higher volatility (1.12%) compared to CPITX (0.59%). In terms of maximum drawdown, TNXAX dropped -20.07% vs CPITX's -4.59%.
TNXAX currently has the higher Sharpe Ratio (1.71 vs 0.88), 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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