TNXAX vs. SCHJ

Last updated Apr 2, 2026

Compare and contrast key facts about 1290 Loomis Sayles Multi-Asset Income Fund Class A (TNXAX) and Schwab 1-5 Year Corporate Bond ETF (SCHJ).

TNXAX is managed by 1290 Funds. It was launched on Mar 7, 2016. SCHJ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Corporate (1-5 Y). It was launched on Oct 10, 2019.

Performance

TNXAX vs. SCHJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 1290 Loomis Sayles Multi-Asset Income Fund Class A (TNXAX) and Schwab 1-5 Year Corporate Bond ETF (SCHJ). The values are adjusted to include any dividend payments, if applicable.

TNXAX vs. SCHJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TNXAX 1290 Loomis Sayles Multi-Asset Income Fund Class A	-0.52%	10.19%	8.37%	9.11%	-8.74%	10.02%	13.24%	4.83%
SCHJ Schwab 1-5 Year Corporate Bond ETF	0.09%	6.80%	4.89%	6.36%	-5.73%	-0.67%	5.30%	0.61%

Returns By Period

In the year-to-date period, TNXAX achieves a -0.52% return, which is significantly lower than SCHJ's 0.09% return.

TNXAX

• 1D: 0.39%
• 1M: -4.68%
• YTD: -0.52%
• 6M: 1.71%
• 1Y: 8.74%
• 3Y*: 8.11%
• 5Y*: 4.92%
• 10Y*: —

SCHJ

• 1D: 0.02%
• 1M: -0.64%
• YTD: 0.09%
• 6M: 1.15%
• 1Y: 4.85%
• 3Y*: 5.39%
• 5Y*: 2.36%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TNXAX vs. SCHJ - Expense Ratio Comparison

TNXAX has a 1.14% expense ratio, which is higher than SCHJ's 0.05% expense ratio.

TNXAX

1290 Loomis Sayles Multi-Asset Income Fund Class A

SCHJ

Schwab 1-5 Year Corporate Bond ETF

Return for Risk

TNXAX vs. SCHJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TNXAX

TNXAX Risk / Return Rank: 68
TNXAX Sharpe Ratio Rank: 75
TNXAX Sortino Ratio Rank: 70
TNXAX Omega Ratio Rank: 73
TNXAX Calmar Ratio Rank: 63
TNXAX Martin Ratio Rank: 61

SCHJ

SCHJ Risk / Return Rank: 93
SCHJ Sharpe Ratio Rank: 91
SCHJ Sortino Ratio Rank: 94
SCHJ Omega Ratio Rank: 94
SCHJ Calmar Ratio Rank: 91
SCHJ Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TNXAX vs. SCHJ - 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 Schwab 1-5 Year Corporate Bond ETF (SCHJ). 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.

	TNXAX	SCHJ	Difference
Sharpe ratio Return per unit of total volatility	1.42	2.13	-0.71
Sortino ratio Return per unit of downside risk	1.86	3.01	-1.16
Omega ratio Gain probability vs. loss probability	1.29	1.45	-0.16
Calmar ratio Return relative to maximum drawdown	1.62	3.35	-1.72
Martin ratio Return relative to average drawdown	6.36	13.74	-7.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TNXAX vs. SCHJ - Sharpe Ratio Comparison

The current TNXAX Sharpe Ratio is 1.42, which is lower than the SCHJ Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of TNXAX and SCHJ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TNXAX	SCHJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.42	2.13	-0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.81	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.63	+0.10

Correlation

The correlation between TNXAX and SCHJ is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TNXAX vs. SCHJ - Dividend Comparison

TNXAX's dividend yield for the trailing twelve months is around 7.49%, more than SCHJ's 4.50% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
TNXAX 1290 Loomis Sayles Multi-Asset Income Fund Class A	7.49%	7.45%	9.48%	5.31%	4.42%	9.95%	7.91%	5.34%	4.75%	6.06%
SCHJ Schwab 1-5 Year Corporate Bond ETF	4.50%	4.42%	4.00%	2.98%	1.64%	0.94%	2.54%	0.42%	0.00%	0.00%

Drawdowns

TNXAX vs. SCHJ - Drawdown Comparison

The maximum TNXAX drawdown since its inception was -20.07%, which is greater than SCHJ's maximum drawdown of -13.62%. Use the drawdown chart below to compare losses from any high point for TNXAX and SCHJ.

Drawdown Indicators

	TNXAX	SCHJ	Difference
Max Drawdown Largest peak-to-trough decline	-20.07%	-13.62%	-6.45%
Max Drawdown (1Y) Largest decline over 1 year	-5.58%	-1.47%	-4.11%
Max Drawdown (5Y) Largest decline over 5 years	-17.80%	-9.43%	-8.37%
Current Drawdown Current decline from peak	-5.03%	-0.91%	-4.12%
Average Drawdown Average peak-to-trough decline	-2.96%	-1.92%	-1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.42%	0.36%	+1.06%

Volatility

TNXAX vs. SCHJ - Volatility Comparison

1290 Loomis Sayles Multi-Asset Income Fund Class A (TNXAX) has a higher volatility of 2.56% compared to Schwab 1-5 Year Corporate Bond ETF (SCHJ) at 0.87%. This indicates that TNXAX's price experiences larger fluctuations and is considered to be riskier than SCHJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TNXAX	SCHJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.56%	0.87%	+1.69%
Volatility (6M) Calculated over the trailing 6-month period	4.45%	1.28%	+3.17%
Volatility (1Y) Calculated over the trailing 1-year period	6.32%	2.28%	+4.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.89%	2.92%	+4.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.05%	4.18%	+4.87%