TNXAX vs. USTB
Compare and contrast key facts about 1290 Loomis Sayles Multi-Asset Income Fund Class A (TNXAX) and VictoryShares USAA Core Short-Term Bond ETF (USTB).
TNXAX is managed by 1290 Funds. It was launched on Mar 7, 2016. USTB is an actively managed fund by Crestview. It was launched on Oct 24, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TNXAX or USTB.
Performance
TNXAX vs. USTB - Performance Comparison
Returns By Period
In the year-to-date period, TNXAX achieves a 8.63% return, which is significantly higher than USTB's 5.82% return.
TNXAX
8.63%
-0.70%
4.50%
12.27%
1.94%
N/A
USTB
5.82%
-0.18%
3.79%
8.11%
3.15%
N/A
Key characteristics
| TNXAX | USTB | |
|---|---|---|
| Sharpe Ratio | 2.88 | 4.19 |
| Sortino Ratio | 4.19 | 6.79 |
| Omega Ratio | 1.58 | 1.97 |
| Calmar Ratio | 0.86 | 12.17 |
| Martin Ratio | 18.91 | 35.99 |
| Ulcer Index | 0.65% | 0.23% |
| Daily Std Dev | 4.30% | 1.98% |
| Max Drawdown | -24.70% | -5.32% |
| Current Drawdown | -3.90% | -0.48% |
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TNXAX vs. USTB - Expense Ratio Comparison
TNXAX has a 1.14% expense ratio, which is higher than USTB's 0.34% expense ratio.
Correlation
The correlation between TNXAX and USTB is 0.30, 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. USTB - 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 VictoryShares USAA Core Short-Term Bond ETF (USTB). 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. USTB - Dividend Comparison
TNXAX's dividend yield for the trailing twelve months is around 3.77%, less than USTB's 5.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
TNXAX 1290 Loomis Sayles Multi-Asset Income Fund Class A | 3.77% | 4.36% | 2.43% | 0.72% | 1.08% | 1.68% | 1.72% | 1.21% | 0.85% |
USTB VictoryShares USAA Core Short-Term Bond ETF | 5.02% | 4.48% | 2.54% | 1.83% | 2.58% | 2.69% | 2.32% | 0.31% | 0.00% |
Drawdowns
TNXAX vs. USTB - Drawdown Comparison
The maximum TNXAX drawdown since its inception was -24.70%, which is greater than USTB's maximum drawdown of -5.32%. Use the drawdown chart below to compare losses from any high point for TNXAX and USTB. For additional features, visit the drawdowns tool.
Volatility
TNXAX vs. USTB - Volatility Comparison
1290 Loomis Sayles Multi-Asset Income Fund Class A (TNXAX) has a higher volatility of 1.22% compared to VictoryShares USAA Core Short-Term Bond ETF (USTB) at 0.52%. This indicates that TNXAX's price experiences larger fluctuations and is considered to be riskier than USTB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.