TNXAX vs. SCHJ
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TNXAX or SCHJ.
Performance
TNXAX vs. SCHJ - Performance Comparison
Returns By Period
In the year-to-date period, TNXAX achieves a 8.53% return, which is significantly higher than SCHJ's 5.50% return.
TNXAX
8.53%
-0.25%
4.79%
11.84%
1.92%
N/A
SCHJ
5.50%
-0.24%
4.35%
8.53%
2.98%
N/A
Key characteristics
| TNXAX | SCHJ | |
|---|---|---|
| Sharpe Ratio | 2.73 | 3.31 |
| Sortino Ratio | 3.97 | 5.56 |
| Omega Ratio | 1.54 | 1.71 |
| Calmar Ratio | 0.83 | 0.09 |
| Martin Ratio | 17.63 | 21.05 |
| Ulcer Index | 0.67% | 0.41% |
| Daily Std Dev | 4.30% | 2.63% |
| Max Drawdown | -24.70% | -100.00% |
| Current Drawdown | -3.99% | -100.00% |
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TNXAX vs. SCHJ - Expense Ratio Comparison
TNXAX has a 1.14% expense ratio, which is higher than SCHJ's 0.05% expense ratio.
Correlation
The correlation between TNXAX and SCHJ is 0.38, 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.
Risk-Adjusted Performance
TNXAX vs. SCHJ - Risk-Adjusted Performance 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.
Dividends
TNXAX vs. SCHJ - Dividend Comparison
TNXAX's dividend yield for the trailing twelve months is around 3.78%, less than SCHJ's 5.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
TNXAX 1290 Loomis Sayles Multi-Asset Income Fund Class A | 3.78% | 4.36% | 2.43% | 0.72% | 1.08% | 1.68% | 1.72% | 1.21% | 0.85% |
SCHJ Schwab 1-5 Year Corporate Bond ETF | 5.85% | 4.47% | 2.78% | 1.46% | 3.97% | 0.73% | 0.00% | 0.00% | 0.00% |
Drawdowns
TNXAX vs. SCHJ - Drawdown Comparison
The maximum TNXAX drawdown since its inception was -24.70%, smaller than the maximum SCHJ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for TNXAX and SCHJ. For additional features, visit the drawdowns tool.
Volatility
TNXAX vs. SCHJ - Volatility Comparison
1290 Loomis Sayles Multi-Asset Income Fund Class A (TNXAX) has a higher volatility of 1.16% compared to Schwab 1-5 Year Corporate Bond ETF (SCHJ) at 0.64%. 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.