BPLEX vs. TTDAX

Last updated Apr 2, 2026

Compare and contrast key facts about Boston Partners Long/Short Equity Fund (BPLEX) and Toews Tactical Defensive Alpha Fund (TTDAX).

BPLEX is managed by Boston Partners. It was launched on Nov 16, 1998. TTDAX is managed by Toews Funds. It was launched on Jan 6, 2016.

Performance

BPLEX vs. TTDAX - Performance Comparison

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

BPLEX vs. TTDAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BPLEX Boston Partners Long/Short Equity Fund	2.09%	27.87%	56.97%	14.93%	6.95%	31.73%	-5.82%	8.97%	-15.70%	1.54%
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%

Returns By Period

In the year-to-date period, BPLEX achieves a 2.09% return, which is significantly higher than TTDAX's -5.84% return.

BPLEX

• 1D: 1.51%
• 1M: -2.54%
• YTD: 2.09%
• 6M: 8.39%
• 1Y: 26.67%
• 3Y*: 32.14%
• 5Y*: 23.79%
• 10Y*: 12.75%

TTDAX

• 1D: 0.00%
• 1M: -6.45%
• YTD: -5.84%
• 6M: -3.09%
• 1Y: 9.16%
• 3Y*: 4.93%
• 5Y*: 0.27%
• 10Y*: —

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

BPLEX vs. TTDAX - Expense Ratio Comparison

BPLEX has a 2.21% expense ratio, which is higher than TTDAX's 1.25% expense ratio.

BPLEX

Boston Partners Long/Short Equity Fund

TTDAX

Toews Tactical Defensive Alpha Fund

Return for Risk

BPLEX vs. TTDAX — Risk / Return Rank

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

BPLEX

BPLEX Risk / Return Rank: 94
BPLEX Sharpe Ratio Rank: 94
BPLEX Sortino Ratio Rank: 94
BPLEX Omega Ratio Rank: 91
BPLEX Calmar Ratio Rank: 94
BPLEX Martin Ratio Rank: 96

TTDAX

TTDAX Risk / Return Rank: 36
TTDAX Sharpe Ratio Rank: 35
TTDAX Sortino Ratio Rank: 32
TTDAX Omega Ratio Rank: 31
TTDAX Calmar Ratio Rank: 36
TTDAX Martin Ratio Rank: 49

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.

BPLEX vs. TTDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Boston Partners Long/Short Equity Fund (BPLEX) 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.

	BPLEX	TTDAX	Difference
Sharpe ratio Return per unit of total volatility	2.14	0.88	+1.26
Sortino ratio Return per unit of downside risk	2.98	1.26	+1.72
Omega ratio Gain probability vs. loss probability	1.44	1.18	+0.26
Calmar ratio Return relative to maximum drawdown	3.11	1.21	+1.90
Martin ratio Return relative to average drawdown	14.60	5.70	+8.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BPLEX vs. TTDAX - Sharpe Ratio Comparison

The current BPLEX Sharpe Ratio is 2.14, which is higher than the TTDAX Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of BPLEX and TTDAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BPLEX	TTDAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.14	0.88	+1.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.02	+0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.34	+0.20

Correlation

The correlation between BPLEX and TTDAX is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BPLEX vs. TTDAX - Dividend Comparison

BPLEX's dividend yield for the trailing twelve months is around 10.72%, more than TTDAX's 2.20% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BPLEX Boston Partners Long/Short Equity Fund	10.72%	10.94%	58.72%	28.35%	15.19%	5.11%	44.84%	11.33%	9.69%	0.83%	0.00%	9.91%
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%

Drawdowns

BPLEX vs. TTDAX - Drawdown Comparison

The maximum BPLEX drawdown since its inception was -43.47%, which is greater than TTDAX's maximum drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for BPLEX and TTDAX.

Drawdown Indicators

	BPLEX	TTDAX	Difference
Max Drawdown Largest peak-to-trough decline	-43.47%	-34.31%	-9.16%
Max Drawdown (1Y) Largest decline over 1 year	-8.75%	-7.30%	-1.45%
Max Drawdown (5Y) Largest decline over 5 years	-28.78%	-25.09%	-3.69%
Max Drawdown (10Y) Largest decline over 10 years	-37.65%	—	—
Current Drawdown Current decline from peak	-2.89%	-7.30%	+4.41%
Average Drawdown Average peak-to-trough decline	-6.65%	-7.03%	+0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	1.55%	+0.31%

Volatility

BPLEX vs. TTDAX - Volatility Comparison

The current volatility for Boston Partners Long/Short Equity Fund (BPLEX) is 3.75%, while Toews Tactical Defensive Alpha Fund (TTDAX) has a volatility of 3.95%. This indicates that BPLEX experiences smaller price fluctuations and is considered to be less risky than TTDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BPLEX	TTDAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.75%	3.95%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	7.40%	8.52%	-1.12%
Volatility (1Y) Calculated over the trailing 1-year period	12.75%	10.94%	+1.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.94%	13.37%	+24.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.27%	16.52%	+12.75%