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.
Correlation
The correlation between TNXAX and SCHJ is 0.22, 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.
Performance
TNXAX vs. SCHJ - Performance Comparison
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Key characteristics
TNXAX:
0.04
SCHJ:
2.67
TNXAX:
0.09
SCHJ:
3.79
TNXAX:
1.02
SCHJ:
1.52
TNXAX:
0.02
SCHJ:
5.00
TNXAX:
0.07
SCHJ:
14.27
TNXAX:
4.07%
SCHJ:
0.46%
TNXAX:
8.07%
SCHJ:
2.50%
TNXAX:
-24.70%
SCHJ:
-13.62%
TNXAX:
-8.37%
SCHJ:
-0.32%
Returns By Period
In the year-to-date period, TNXAX achieves a 0.84% return, which is significantly lower than SCHJ's 2.23% return.
TNXAX
0.84%
3.45%
-4.91%
0.30%
2.23%
N/A
SCHJ
2.23%
1.32%
2.80%
6.63%
2.13%
N/A
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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.
Risk-Adjusted Performance
TNXAX vs. SCHJ — Risk-Adjusted Performance Rank
TNXAX
SCHJ
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.
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Dividends
TNXAX vs. SCHJ - Dividend Comparison
TNXAX's dividend yield for the trailing twelve months is around 3.91%, less than SCHJ's 4.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNXAX 1290 Loomis Sayles Multi-Asset Income Fund Class A | 3.91% | 3.92% | 4.36% | 2.43% | 0.72% | 1.08% | 1.68% | 1.72% | 1.21% | 0.85% |
SCHJ Schwab 1-5 Year Corporate Bond ETF | 4.22% | 4.00% | 2.98% | 1.64% | 0.94% | 2.54% | 0.42% | 0.00% | 0.00% | 0.00% |
Drawdowns
TNXAX vs. SCHJ - Drawdown Comparison
The maximum TNXAX drawdown since its inception was -24.70%, 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. For additional features, visit the drawdowns tool.
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Volatility
TNXAX vs. SCHJ - Volatility Comparison
1290 Loomis Sayles Multi-Asset Income Fund Class A (TNXAX) has a higher volatility of 1.73% compared to Schwab 1-5 Year Corporate Bond ETF (SCHJ) at 0.80%. 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.
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