TNXIX vs. VOO
Compare and contrast key facts about 1290 Retirement 2060 Fund (TNXIX) and Vanguard S&P 500 ETF (VOO).
TNXIX is managed by 1290 Funds. It was launched on Feb 26, 2017. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TNXIX or VOO.
Key characteristics
| TNXIX | VOO | |
|---|---|---|
| YTD Return | 19.54% | 18.91% |
| 1Y Return | 27.37% | 28.20% |
| 3Y Return (Ann) | 7.23% | 9.93% |
| 5Y Return (Ann) | 9.61% | 15.31% |
| Sharpe Ratio | 1.75 | 2.21 |
| Daily Std Dev | 15.56% | 12.64% |
| Max Drawdown | -34.15% | -33.99% |
| Current Drawdown | -3.70% | -0.60% |
Correlation
The correlation between TNXIX and VOO is 0.94, 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. VOO - Performance Comparison
The year-to-date returns for both stocks are quite close, with TNXIX having a 19.54% return and VOO slightly lower at 18.91%. 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. VOO - Expense Ratio Comparison
TNXIX has a 0.52% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
TNXIX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for 1290 Retirement 2060 Fund (TNXIX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
TNXIX's dividend yield for the trailing twelve months is around 0.45%, less than VOO's 1.28% 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% |
VOO Vanguard S&P 500 ETF | 1.28% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
TNXIX vs. VOO - Drawdown Comparison
The maximum TNXIX drawdown since its inception was -34.15%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for TNXIX and VOO. For additional features, visit the drawdowns tool.
Volatility
TNXIX vs. VOO - Volatility Comparison
1290 Retirement 2060 Fund (TNXIX) has a higher volatility of 5.20% compared to Vanguard S&P 500 ETF (VOO) at 3.83%. This indicates that TNXIX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.