USTB vs. TNXAX
Compare and contrast key facts about VictoryShares USAA Core Short-Term Bond ETF (USTB) and 1290 Loomis Sayles Multi-Asset Income Fund Class A (TNXAX).
USTB is an actively managed fund by Crestview. It was launched on Oct 24, 2017. TNXAX is managed by 1290 Funds. It was launched on Mar 7, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USTB or TNXAX.
Key characteristics
| USTB | TNXAX | |
|---|---|---|
| YTD Return | 1.26% | 2.04% |
| 1Y Return | 5.63% | 8.53% |
| 3Y Return (Ann) | 1.80% | 2.31% |
| 5Y Return (Ann) | 2.74% | 6.35% |
| Sharpe Ratio | 2.34 | 1.75 |
| Daily Std Dev | 2.53% | 4.71% |
| Max Drawdown | -5.32% | -21.40% |
| Current Drawdown | -0.25% | -1.50% |
Correlation
The correlation between USTB and TNXAX 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.
Performance
USTB vs. TNXAX - Performance Comparison
In the year-to-date period, USTB achieves a 1.26% return, which is significantly lower than TNXAX's 2.04% 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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USTB vs. TNXAX - Expense Ratio Comparison
USTB has a 0.34% expense ratio, which is lower than TNXAX's 1.14% expense ratio.
Risk-Adjusted Performance
USTB vs. TNXAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares USAA Core Short-Term Bond ETF (USTB) and 1290 Loomis Sayles Multi-Asset Income Fund Class A (TNXAX). 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
USTB vs. TNXAX - Dividend Comparison
USTB's dividend yield for the trailing twelve months is around 4.98%, less than TNXAX's 5.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
USTB VictoryShares USAA Core Short-Term Bond ETF | 4.98% | 4.49% | 2.54% | 1.84% | 2.58% | 2.69% | 2.32% | 0.31% | 0.00% |
TNXAX 1290 Loomis Sayles Multi-Asset Income Fund Class A | 5.25% | 5.68% | 4.41% | 9.95% | 7.91% | 5.34% | 4.75% | 7.27% | 2.46% |
Drawdowns
USTB vs. TNXAX - Drawdown Comparison
The maximum USTB drawdown since its inception was -5.32%, smaller than the maximum TNXAX drawdown of -21.40%. Use the drawdown chart below to compare losses from any high point for USTB and TNXAX. For additional features, visit the drawdowns tool.
Volatility
USTB vs. TNXAX - Volatility Comparison
The current volatility for VictoryShares USAA Core Short-Term Bond ETF (USTB) is 0.64%, while 1290 Loomis Sayles Multi-Asset Income Fund Class A (TNXAX) has a volatility of 1.57%. This indicates that USTB experiences smaller price fluctuations and is considered to be less risky than TNXAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.