TNXIX vs. FSPGX
Compare and contrast key facts about 1290 Retirement 2060 Fund (TNXIX) and Fidelity Large Cap Growth Index Fund (FSPGX).
TNXIX is managed by 1290 Funds. It was launched on Feb 26, 2017. FSPGX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TNXIX or FSPGX.
Key characteristics
| TNXIX | FSPGX | |
|---|---|---|
| YTD Return | 19.54% | 20.75% |
| 1Y Return | 27.37% | 33.06% |
| 3Y Return (Ann) | 7.23% | 9.33% |
| 5Y Return (Ann) | 9.61% | 18.88% |
| Sharpe Ratio | 1.75 | 1.92 |
| Daily Std Dev | 15.56% | 17.08% |
| Max Drawdown | -34.15% | -32.66% |
| Current Drawdown | -3.70% | -4.66% |
Correlation
The correlation between TNXIX and FSPGX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TNXIX vs. FSPGX - Performance Comparison
In the year-to-date period, TNXIX achieves a 19.54% return, which is significantly lower than FSPGX's 20.75% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TNXIX vs. FSPGX - Expense Ratio Comparison
TNXIX has a 0.52% expense ratio, which is higher than FSPGX's 0.04% expense ratio.
Risk-Adjusted Performance
TNXIX vs. FSPGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for 1290 Retirement 2060 Fund (TNXIX) and Fidelity Large Cap Growth Index Fund (FSPGX). 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
TNXIX vs. FSPGX - Dividend Comparison
TNXIX's dividend yield for the trailing twelve months is around 0.45%, less than FSPGX's 0.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
TNXIX 1290 Retirement 2060 Fund | 0.45% | 0.54% | 4.17% | 2.04% | 2.95% | 1.88% | 2.42% | 1.70% | 0.00% |
FSPGX Fidelity Large Cap Growth Index Fund | 0.46% | 0.73% | 0.86% | 2.22% | 1.76% | 1.04% | 1.47% | 1.22% | 0.29% |
Drawdowns
TNXIX vs. FSPGX - Drawdown Comparison
The maximum TNXIX drawdown since its inception was -34.15%, roughly equal to the maximum FSPGX drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for TNXIX and FSPGX. For additional features, visit the drawdowns tool.
Volatility
TNXIX vs. FSPGX - Volatility Comparison
The current volatility for 1290 Retirement 2060 Fund (TNXIX) is 5.20%, while Fidelity Large Cap Growth Index Fund (FSPGX) has a volatility of 5.66%. This indicates that TNXIX experiences smaller price fluctuations and is considered to be less risky than FSPGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.