ASILX vs. TTDAX

Last updated Jun 3, 2026

ASILX (AB Select US Long/Short Portfolio) and TTDAX (Toews Tactical Defensive Alpha Fund) are both Long-Short funds. Their correlation of 0.83 suggests significant overlap in exposure. ASILX charges 1.55%/yr vs 1.25%/yr for TTDAX.

Performance

ASILX vs. TTDAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB Select US Long/Short Portfolio (ASILX) and Toews Tactical Defensive Alpha Fund (TTDAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ASILX

• 1D: 0.13%
• 1M: 2.49%
• YTD: 4.83%
• 6M: 5.09%
• 1Y: 13.77%
• 3Y*: 13.31%
• 5Y*: 7.95%
• 10Y*: 9.11%

TTDAX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASILX vs. TTDAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASILX AB Select US Long/Short Portfolio	4.83%	9.77%	18.46%	11.06%	-9.94%	17.81%	10.23%	17.17%	-1.61%	12.23%
TTDAX Toews Tactical Defensive Alpha Fund	-5.84%	10.90%	2.87%	7.65%	-16.61%	12.36%	17.14%	22.12%	-7.35%	14.90%

Correlation

The correlation between ASILX and TTDAX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.83

The correlation between ASILX and TTDAX has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.

Return for Risk

ASILX vs. TTDAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASILX

ASILX Risk / Return Rank: 80
ASILX Sharpe Ratio Rank: 81
ASILX Sortino Ratio Rank: 78
ASILX Omega Ratio Rank: 78
ASILX Calmar Ratio Rank: 83
ASILX Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASILX vs. TTDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB Select US Long/Short Portfolio (ASILX) and Toews Tactical Defensive Alpha Fund (TTDAX). 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.

	ASILX	TTDAX	Difference
Sharpe ratio Return per unit of total volatility	2.63	—	—
Sortino ratio Return per unit of downside risk	3.74	—	—
Omega ratio Gain probability vs. loss probability	1.51	—	—
Calmar ratio Return relative to maximum drawdown	3.88	—	—
Martin ratio Return relative to average drawdown	15.40	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ASILX	TTDAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.00	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.98	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	—	—

Drawdowns

Drawdown Indicators

	ASILX	TTDAX	Difference
Max Drawdown Largest peak-to-trough decline	-18.36%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-3.61%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-7.94%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-12.30%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-18.36%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-2.46%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.91%	—	—

Volatility

Volatility by Period

	ASILX	TTDAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.27%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.32%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.96%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.29%	—	—

ASILX vs. TTDAX - Expense Ratio Comparison

ASILX has a 1.55% expense ratio, which is higher than TTDAX's 1.25% expense ratio.

Dividends

ASILX vs. TTDAX - Dividend Comparison

ASILX's dividend yield for the trailing twelve months is around 12.54%, more than TTDAX's 2.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASILX AB Select US Long/Short Portfolio	12.54%	13.15%	7.18%	1.41%	6.51%	11.92%	4.28%	3.54%	8.71%	5.03%	0.00%	3.35%
TTDAX Toews Tactical Defensive Alpha Fund	2.20%	2.07%	3.30%	2.56%	1.03%	26.63%	4.08%	7.49%	1.35%	13.58%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ASILX and TTDAX in my portfolio?

ASILX and TTDAX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.