TNXIX vs. TLT
Compare and contrast key facts about 1290 Retirement 2060 Fund (TNXIX) and iShares 20+ Year Treasury Bond ETF (TLT).
TNXIX is managed by 1290 Funds. It was launched on Feb 26, 2017. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TNXIX or TLT.
Key characteristics
| TNXIX | TLT | |
|---|---|---|
| YTD Return | 19.54% | 3.41% |
| 1Y Return | 27.37% | 11.62% |
| 3Y Return (Ann) | 7.23% | -10.00% |
| 5Y Return (Ann) | 9.61% | -4.57% |
| Sharpe Ratio | 1.75 | 0.65 |
| Daily Std Dev | 15.56% | 16.74% |
| Max Drawdown | -34.15% | -48.35% |
| Current Drawdown | -3.70% | -35.57% |
Correlation
The correlation between TNXIX and TLT is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
TNXIX vs. TLT - Performance Comparison
In the year-to-date period, TNXIX achieves a 19.54% return, which is significantly higher than TLT's 3.41% 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. TLT - Expense Ratio Comparison
TNXIX has a 0.52% expense ratio, which is higher than TLT's 0.15% expense ratio.
Risk-Adjusted Performance
TNXIX vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for 1290 Retirement 2060 Fund (TNXIX) and iShares 20+ Year Treasury Bond ETF (TLT). 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. TLT - Dividend Comparison
TNXIX's dividend yield for the trailing twelve months is around 0.45%, less than TLT's 3.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TNXIX 1290 Retirement 2060 Fund | 0.45% | 0.54% | 4.17% | 2.04% | 2.95% | 1.88% | 2.42% | 1.70% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 3.63% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
TNXIX vs. TLT - Drawdown Comparison
The maximum TNXIX drawdown since its inception was -34.15%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for TNXIX and TLT. For additional features, visit the drawdowns tool.
Volatility
TNXIX vs. TLT - Volatility Comparison
1290 Retirement 2060 Fund (TNXIX) has a higher volatility of 5.20% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 3.46%. This indicates that TNXIX's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.