TNXAX vs. TNVDX
TNXAX (1290 Loomis Sayles Multi-Asset Income Fund Class A) and TNVDX (1290 DoubleLine Dynamic Allocation Fund) are both Diversified Portfolio funds from 1290 Funds. Over the past 5 years, TNXAX returned 4.81%/yr vs 5.06%/yr for TNVDX. Their 0.98 correlation means they have historically moved very closely together. TNXAX charges 1.14%/yr vs 1.27%/yr for TNVDX.
Performance
TNXAX vs. TNVDX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with TNXAX having a 4.41% return and TNVDX slightly higher at 4.53%.
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%
TNVDX
- 1D
- 0.28%
- 1M
- -0.56%
- 6M
- 2.15%
- YTD
- 4.53%
- 1Y
- 10.93%
- 3Y*
- 8.84%
- 5Y*
- 5.06%
- 10Y*
- —
- ALL TIME*
- 7.12%
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. TNVDX - 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% |
TNVDX 1290 DoubleLine Dynamic Allocation Fund | 4.53% | 10.45% | 8.62% | 9.34% | -8.50% | 10.36% | 13.50% | 18.37% | -3.93% | 8.11% |
Correlation
The correlation between TNXAX and TNVDX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.98 |
The correlation between TNXAX and TNVDX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
TNXAX vs. TNVDX — Risk / Return Rank
TNXAX
TNVDX
TNXAX vs. TNVDX - 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 1290 DoubleLine Dynamic Allocation Fund (TNVDX). 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 | TNVDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.90 | -0.08 |
| Martin ratioReturn relative to average drawdown | 6.84 | 7.09 | -0.25 |
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Drawdowns
TNXAX vs. TNVDX - Drawdown Comparison
The maximum TNXAX drawdown since its inception was -20.07%, roughly equal to the maximum TNVDX drawdown of -20.14%. Use the drawdown chart below to compare losses from any high point for TNXAX and TNVDX.
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Drawdown Indicators
| TNXAX | TNVDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.07% | -20.14% | +0.07% |
Max Drawdown (1Y)Largest decline over 1 year | -5.58% | -5.48% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -9.89% | -6.21% | -3.68% |
Max Drawdown (5Y)Largest decline over 5 years | -17.80% | -17.69% | -0.11% |
Current DrawdownCurrent decline from peak | -0.86% | -0.93% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -2.90% | -2.60% | -0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 1.47% | +0.01% |
Volatility
TNXAX vs. TNVDX - Volatility Comparison
1290 Loomis Sayles Multi-Asset Income Fund Class A (TNXAX) and 1290 DoubleLine Dynamic Allocation Fund (TNVDX) have volatilities of 1.12% and 1.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TNXAX | TNVDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.14% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 5.14% | 5.18% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.96% | 5.96% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.89% | 7.18% | +0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.96% | 8.67% | +0.29% |
TNXAX vs. TNVDX - Expense Ratio Comparison
TNXAX has a 1.14% expense ratio, which is lower than TNVDX's 1.27% expense ratio.
Dividends
TNXAX vs. TNVDX - Dividend Comparison
TNXAX's dividend yield for the trailing twelve months is around 7.58%, less than TNVDX's 7.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
TNVDX 1290 DoubleLine Dynamic Allocation Fund | 7.80% | 7.69% | 9.73% | 5.52% | 4.67% | 10.18% | 8.15% | 5.58% | 5.02% | 6.06% |
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% |
Frequently Asked Questions
With a correlation of 0.98, TNXAX and TNVDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TNVDX has higher volatility (1.14%) compared to TNXAX (1.12%). In terms of maximum drawdown, TNXAX dropped -20.07% vs TNVDX's -20.14%.
TNVDX currently has the higher Sharpe Ratio (1.75 vs 1.71), 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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