TNXIX vs. TLT
TNXIX (1290 Retirement 2060 Fund) and TLT (iShares 20+ Year Treasury Bond ETF) are both funds - TNXIX is a Target Retirement Date fund managed by 1290 Funds, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Over the past 5 years, TNXIX returned 10.62%/yr vs -8.18%/yr for TLT. Their -0.05 correlation means they have often moved in opposite directions in the past. TNXIX charges 0.52%/yr vs 0.15%/yr for TLT.
Performance
TNXIX vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, TNXIX achieves a 5.47% return, which is significantly higher than TLT's -3.49% return.
TNXIX
- 1D
- 2.22%
- 1M
- -0.57%
- 6M
- 4.98%
- YTD
- 5.47%
- 1Y
- 16.26%
- 3Y*
- 18.14%
- 5Y*
- 10.62%
- 10Y*
- —
- ALL TIME*
- 10.87%
TLT
- 1D
- -0.66%
- 1M
- -3.81%
- 6M
- -3.46%
- YTD
- -3.49%
- 1Y
- -2.45%
- 3Y*
- -1.80%
- 5Y*
- -8.18%
- 10Y*
- -2.38%
- ALL TIME*
- 3.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.33B | $2.02B | $2.19B | |
| $0.00 | $0.00 | $0.00 |
TNXIX vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNXIX 1290 Retirement 2060 Fund | 5.47% | 16.99% | 30.13% | 13.71% | -13.94% | 19.21% | 6.93% | 25.04% | -5.65% | 11.87% |
TLT iShares 20+ Year Treasury Bond ETF | -3.49% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 6.37% |
Correlation
The correlation between TNXIX and TLT is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.14 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2017 | -0.05 |
The correlation between TNXIX and TLT shifts across timeframes, from -0.05 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TNXIX vs. TLT — Risk / Return Rank
TNXIX
TLT
TNXIX vs. TLT - Risk-Adjusted Trends 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.
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.
| TNXIX | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.99 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | -0.14 | +1.27 |
| Martin ratioReturn relative to average drawdown | 4.11 | -0.30 | +4.41 |
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Drawdowns
TNXIX vs. TLT - Drawdown Comparison
The maximum TNXIX drawdown since its inception was -32.31%, 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.
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Drawdown Indicators
| TNXIX | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.31% | -48.35% | +16.04% |
Max Drawdown (1Y)Largest decline over 1 year | -12.24% | -7.74% | -4.50% |
Max Drawdown (3Y)Largest decline over 3 years | -22.47% | -14.79% | -7.68% |
Max Drawdown (5Y)Largest decline over 5 years | -22.47% | -43.70% | +21.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | -4.04% | -42.36% | +38.32% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -13.99% | +9.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 3.57% | -0.20% |
Volatility
TNXIX vs. TLT - Volatility Comparison
1290 Retirement 2060 Fund (TNXIX) has a higher volatility of 4.38% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.46%. 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.
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Volatility by Period
| TNXIX | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 2.46% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 6.85% | +5.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.26% | 9.32% | +6.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 15.74% | +1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 14.83% | +2.43% |
TNXIX vs. TLT - Expense Ratio Comparison
TNXIX has a 0.52% expense ratio, which is higher than TLT's 0.15% expense ratio.
Dividends
TNXIX vs. TLT - Dividend Comparison
TNXIX's dividend yield for the trailing twelve months is around 1.60%, less than TLT's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLT iShares 20+ Year Treasury Bond ETF | 4.34% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
TNXIX 1290 Retirement 2060 Fund | 1.60% | 1.69% | 0.45% | 0.54% | 4.17% | 2.04% | 2.95% | 1.87% | 2.42% | 0.06% | 0.00% | 0.00% |
Frequently Asked Questions
TNXIX and TLT have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TNXIX has higher volatility (4.38%) compared to TLT (2.46%). In terms of maximum drawdown, TNXIX dropped -32.31% vs TLT's -48.35%.
TNXIX currently has the higher Sharpe Ratio (0.85 vs -0.11), 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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