ELM vs. TACK

Last updated Jun 4, 2026

ELM (Elm Market Navigator ETF) and TACK (Fairlead Tactical Sector Fund) are both Tactical Allocation funds. Both are actively managed. Over the past year, ELM returned 19.85% vs 13.26% for TACK. A 0.76 correlation means they provide meaningful diversification when combined. ELM charges 0.24%/yr vs 0.76%/yr for TACK.

Performance

ELM vs. TACK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Elm Market Navigator ETF (ELM) and Fairlead Tactical Sector Fund (TACK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ELM achieves a 7.56% return, which is significantly higher than TACK's 4.86% return.

ELM

• 1D: -0.58%
• 1M: 2.88%
• YTD: 7.56%
• 6M: 8.51%
• 1Y: 19.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TACK

• 1D: 0.13%
• 1M: 1.95%
• YTD: 4.86%
• 6M: 5.12%
• 1Y: 13.26%
• 3Y*: 11.07%
• 5Y*: —
• 10Y*: —

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

ELM vs. TACK - Yearly Performance Comparison

	2026 (YTD)	2025
ELM Elm Market Navigator ETF	7.56%	11.89%
TACK Fairlead Tactical Sector Fund	4.86%	6.76%

Correlation

The correlation between ELM and TACK is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (All Time) Calculated using the full available price history since Feb 12, 2025	0.76

The correlation between ELM and TACK has been stable across timeframes, ranging from 0.74 to 0.76 - a consistent structural relationship.

ELM vs. TACK - Sectors Allocation Comparison

Sectors	ELM	TACK
Technology	22.0%	1.1%
Financial Services	18.3%	-
Industrials	12.6%	16.1%
Consumer Cyclical	9.1%	2.3%
Healthcare	8.3%	16.1%
Communication Services	6.6%	12.2%
Basic Materials	5.4%	14.5%
Consumer Defensive	5.2%	16.7%
Energy	4.8%	16.4%
Real Estate	4.7%	-
Utilities	3.0%	16.8%

Return for Risk

ELM vs. TACK — Risk / Return Rank

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

ELM

ELM Risk / Return Rank: 63
ELM Sharpe Ratio Rank: 64
ELM Sortino Ratio Rank: 66
ELM Omega Ratio Rank: 67
ELM Calmar Ratio Rank: 54
ELM Martin Ratio Rank: 62

TACK

TACK Risk / Return Rank: 41
TACK Sharpe Ratio Rank: 39
TACK Sortino Ratio Rank: 39
TACK Omega Ratio Rank: 36
TACK Calmar Ratio Rank: 46
TACK Martin Ratio Rank: 44

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.

ELM vs. TACK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Elm Market Navigator ETF (ELM) and Fairlead Tactical Sector Fund (TACK). 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.

	ELM	TACK	Difference
Sharpe ratio: Return per unit of total volatility	2.13	1.41	+0.72
Sortino ratio: Return per unit of downside risk	3.00	2.02	+0.97
Omega ratio: Gain probability vs. loss probability	1.40	1.24	+0.16
Calmar ratio: Return relative to maximum drawdown	2.65	2.28	+0.37
Martin ratio: Return relative to average drawdown	11.00	7.16	+3.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ELM vs. TACK - Sharpe Ratio Comparison

The current ELM Sharpe Ratio is 2.13, which is higher than the TACK Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of ELM and TACK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ELM	TACK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	1.41	+0.72
Sharpe Ratio (All Time) Calculated using the full available price history	1.49	0.61	+0.88

Drawdowns

ELM vs. TACK - Drawdown Comparison

The maximum ELM drawdown since its inception was -9.02%, smaller than the maximum TACK drawdown of -14.49%. Use the drawdown chart below to compare losses from any high point for ELM and TACK.

Drawdown Indicators

	ELM	TACK	Difference
Max Drawdown Largest peak-to-trough decline	-9.02%	-14.49%	+5.47%
Max Drawdown (1Y) Largest decline over 1 year	-7.52%	-5.85%	-1.67%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.49%	—
Current Drawdown Current decline from peak	-0.58%	-1.21%	+0.63%
Average Drawdown Average peak-to-trough decline	-1.32%	-4.23%	+2.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	1.86%	-0.05%

Volatility

ELM vs. TACK - Volatility Comparison

Elm Market Navigator ETF (ELM) has a higher volatility of 2.59% compared to Fairlead Tactical Sector Fund (TACK) at 2.43%. This indicates that ELM's price experiences larger fluctuations and is considered to be riskier than TACK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ELM	TACK	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.59%	2.43%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	7.52%	7.06%	+0.46%
Volatility (1Y) Calculated over the trailing 1-year period	9.38%	9.46%	-0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.27%	11.23%	-0.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.27%	11.23%	-0.96%

ELM vs. TACK - Expense Ratio Comparison

ELM has a 0.24% expense ratio, which is lower than TACK's 0.76% expense ratio.

Dividends

ELM vs. TACK - Dividend Comparison

ELM's dividend yield for the trailing twelve months is around 2.52%, more than TACK's 1.21% yield.

Position	TTM	2025	2024	2023	2022
ELM Elm Market Navigator ETF	2.52%	2.71%	0.00%	0.00%	0.00%
TACK Fairlead Tactical Sector Fund	1.21%	1.18%	1.26%	1.29%	0.89%

Frequently Asked Questions

Can I hold both ELM and TACK in my portfolio?

ELM and TACK have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ELM or TACK?

ELM has higher volatility (2.59%) compared to TACK (2.43%). In terms of maximum drawdown, ELM dropped -9.02% vs TACK's -14.49%.

Which ETF is better, ELM or TACK?

On 1-year performance, ELM leads with 19.85% vs 13.26% for TACK. On fees, ELM is cheaper at 0.24% per year. On volatility, TACK has been the lower-risk option at 2.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ELM or TACK?

Over the 1-year period, ELM has performed better with a 19.85% return vs 13.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ELM or TACK?

ELM is cheaper with a 0.24% expense ratio, compared with 0.76% for TACK.

Which ETF pays a higher dividend yield, ELM or TACK?

ELM has the higher dividend yield at 2.52%, compared with 1.21% for TACK.

What is the main difference between ELM and TACK?

They also come from different issuers: Elm and Fairlead. Their fees differ too: 0.24% for ELM and 0.76% for TACK.

Which has better risk-adjusted returns?

ELM currently has the higher Sharpe Ratio (2.13 vs 1.41), 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.