CRTOX vs. PWDIX

Last updated Aug 5, 2026

CRTOX (Potomac Tactical Opportunities Fund) and PWDIX (Donoghue Forlines Dividend Fund) are both Tactical Allocation funds. Over the past 5 years, CRTOX returned 3.92%/yr vs 8.81%/yr for PWDIX. Their 0.50 correlation means their historical movements had little consistent relationship. CRTOX charges 1.63%/yr vs 1.56%/yr for PWDIX.

Performance

CRTOX vs. PWDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Potomac Tactical Opportunities Fund (CRTOX) and Donoghue Forlines Dividend Fund (PWDIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRTOX achieves a 5.98% return, which is significantly lower than PWDIX's 18.85% return.

CRTOX

• 1D: 0.95%
• 1M: -3.45%
• 6M: 1.14%
• YTD: 5.98%
• 1Y: 15.80%
• 3Y*: 7.16%
• 5Y*: 3.92%
• 10Y*: —
• ALL TIME*: 6.82%

PWDIX

• 1D: 0.72%
• 1M: 3.90%
• 6M: 10.58%
• YTD: 18.85%
• 1Y: 28.19%
• 3Y*: 16.75%
• 5Y*: 8.81%
• 10Y*: 5.90%
• ALL TIME*: 6.26%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CRTOX Potomac Tactical Opportunities Fund	$0.00	$0.00	$0.00
PWDIX Donoghue Forlines Dividend Fund	$0.00	$0.00	$0.00

CRTOX vs. PWDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CRTOX Potomac Tactical Opportunities Fund	5.98%	11.98%	8.39%	15.76%	-14.53%	-2.00%	19.81%
PWDIX Donoghue Forlines Dividend Fund	18.85%	17.73%	12.33%	-0.18%	-9.83%	31.54%	10.85%

Correlation

The correlation between CRTOX and PWDIX is 0.26, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.26
Correlation (3Y) Balances recent behavior with more history.	0.37
Correlation (5Y) Shows whether the relationship held over a longer period.	0.47
Correlation (All Time) Calculated using the full available price history since Jul 1, 2020	0.50

Over the past year, the correlation between CRTOX and PWDIX has dropped to 0.26 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

Return for Risk

CRTOX vs. PWDIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CRTOX

CRTOX Risk / Return Rank: 34
CRTOX Sharpe Ratio Rank: 31
CRTOX Sortino Ratio Rank: 32
CRTOX Omega Ratio Rank: 35
CRTOX Calmar Ratio Rank: 41
CRTOX Martin Ratio Rank: 33

PWDIX

PWDIX Risk / Return Rank: 94
PWDIX Sharpe Ratio Rank: 94
PWDIX Sortino Ratio Rank: 94
PWDIX Omega Ratio Rank: 88
PWDIX Calmar Ratio Rank: 97
PWDIX Martin Ratio Rank: 95

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CRTOX vs. PWDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Potomac Tactical Opportunities Fund (CRTOX) and Donoghue Forlines Dividend Fund (PWDIX). 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.

	CRTOX	PWDIX	Difference
Sharpe ratio: Return per unit of total volatility	1.16	2.62	-1.46
Sortino ratio: Return per unit of downside risk	1.78	3.78	-2.01
Omega ratio: Gain probability vs. loss probability	1.24	1.45	-0.22
Calmar ratio: Return relative to maximum drawdown	1.88	5.47	-3.59
Martin ratio: Return relative to average drawdown	5.38	17.02	-11.64

CRTOX vs. PWDIX - Sharpe Ratio Comparison

The current CRTOX Sharpe Ratio is 1.16, which is lower than the PWDIX Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of CRTOX and PWDIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CRTOX vs. PWDIX - Drawdown Comparison

The maximum CRTOX drawdown since its inception was -98.92%, which is greater than PWDIX's maximum drawdown of -40.86%. Use the drawdown chart below to compare losses from any high point for CRTOX and PWDIX.

Drawdown Indicators

	CRTOX	PWDIX	Difference
Max Drawdown Largest peak-to-trough decline	-98.92%	-40.86%	-58.06%
Max Drawdown (1Y) Largest decline over 1 year	-9.93%	-5.44%	-4.49%
Max Drawdown (3Y) Largest decline over 3 years	-98.92%	-16.86%	-82.06%
Max Drawdown (5Y) Largest decline over 5 years	-98.92%	-21.29%	-77.63%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.86%	—
Current Drawdown Current decline from peak	-98.52%	-0.48%	-98.04%
Average Drawdown Average peak-to-trough decline	-34.40%	-8.43%	-25.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	1.74%	+1.72%

Volatility

CRTOX vs. PWDIX - Volatility Comparison

Potomac Tactical Opportunities Fund (CRTOX) has a higher volatility of 5.29% compared to Donoghue Forlines Dividend Fund (PWDIX) at 3.67%. This indicates that CRTOX's price experiences larger fluctuations and is considered to be riskier than PWDIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRTOX	PWDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.29%	3.67%	+1.62%
Volatility (6M) Calculated over the trailing 6-month period	11.98%	8.15%	+3.83%
Volatility (1Y) Calculated over the trailing 1-year period	16.03%	11.38%	+4.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3,569.14%	14.09%	+3,555.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3,232.81%	14.42%	+3,218.39%

CRTOX vs. PWDIX - Expense Ratio Comparison

CRTOX has a 1.63% expense ratio, which is higher than PWDIX's 1.56% expense ratio.

Dividends

CRTOX vs. PWDIX - Dividend Comparison

CRTOX's dividend yield for the trailing twelve months is around 11.60%, more than PWDIX's 1.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRTOX Potomac Tactical Opportunities Fund	11.60%	12.29%	4.58%	0.67%	0.00%	15.16%	2.98%	0.00%	0.00%	0.00%	0.00%	0.00%
PWDIX Donoghue Forlines Dividend Fund	1.83%	1.22%	2.16%	1.75%	1.29%	2.31%	3.66%	3.10%	30.58%	3.25%	1.45%	3.55%

Frequently Asked Questions

Can I hold both CRTOX and PWDIX in my portfolio?

CRTOX and PWDIX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRTOX or PWDIX?

CRTOX has higher volatility (5.29%) compared to PWDIX (3.67%). In terms of maximum drawdown, CRTOX dropped -98.92% vs PWDIX's -40.86%.

Which has better risk-adjusted returns?

PWDIX currently has the higher Sharpe Ratio (2.62 vs 1.16), 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.