ETFRX vs. ETFOX
ETFRX (North Square Tactical Defensive Fund) and ETFOX (North Square Tactical Growth Fund) are both Tactical Allocation funds from Stadion Funds. Over the past 10 years, ETFRX returned 6.40%/yr vs 9.10%/yr for ETFOX. Their correlation of 0.88 means they have usually moved in the same direction. ETFRX charges 1.86%/yr vs 1.30%/yr for ETFOX.
Performance
ETFRX vs. ETFOX - Performance Comparison
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Returns By Period
In the year-to-date period, ETFRX achieves a 6.08% return, which is significantly lower than ETFOX's 7.08% return. Over the past 10 years, ETFRX has underperformed ETFOX with an annualized return of 6.40%, while ETFOX has yielded a comparatively higher 9.10% annualized return.
ETFRX
- 1D
- 1.10%
- 1M
- -0.44%
- 6M
- 4.06%
- YTD
- 6.08%
- 1Y
- 14.45%
- 3Y*
- 7.42%
- 5Y*
- 4.31%
- 10Y*
- 6.40%
- ALL TIME*
- 4.60%
ETFOX
- 1D
- 1.57%
- 1M
- -1.07%
- 6M
- 5.22%
- YTD
- 7.08%
- 1Y
- 16.81%
- 3Y*
- 13.17%
- 5Y*
- 7.94%
- 10Y*
- 9.10%
- ALL TIME*
- 7.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
ETFRX vs. ETFOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETFRX North Square Tactical Defensive Fund | 6.08% | 8.44% | 7.31% | 5.65% | -8.28% | 13.49% | 3.99% | 12.46% | -2.99% | 15.26% |
ETFOX North Square Tactical Growth Fund | 7.08% | 14.69% | 15.45% | 16.55% | -14.19% | 12.43% | 15.74% | 15.00% | -4.12% | 12.23% |
Correlation
The correlation between ETFRX and ETFOX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2006 | 0.88 |
The correlation between ETFRX and ETFOX shifts across timeframes, from 0.87 (5 years) to 0.97 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ETFRX vs. ETFOX — Risk / Return Rank
ETFRX
ETFOX
ETFRX vs. ETFOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for North Square Tactical Defensive Fund (ETFRX) and North Square Tactical Growth Fund (ETFOX). 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.
| ETFRX | ETFOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.24 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 1.84 | +0.19 |
| Martin ratioReturn relative to average drawdown | 5.93 | 7.35 | -1.42 |
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Drawdowns
ETFRX vs. ETFOX - Drawdown Comparison
The maximum ETFRX drawdown since its inception was -37.11%, smaller than the maximum ETFOX drawdown of -41.32%. Use the drawdown chart below to compare losses from any high point for ETFRX and ETFOX.
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Drawdown Indicators
| ETFRX | ETFOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.11% | -41.32% | +4.21% |
Max Drawdown (1Y)Largest decline over 1 year | -6.02% | -8.15% | +2.13% |
Max Drawdown (3Y)Largest decline over 3 years | -11.98% | -14.63% | +2.65% |
Max Drawdown (5Y)Largest decline over 5 years | -12.17% | -17.86% | +5.69% |
Max Drawdown (10Y)Largest decline over 10 years | -21.30% | -18.47% | -2.83% |
Current DrawdownCurrent decline from peak | -1.70% | -2.17% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -6.63% | -5.40% | -1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 2.04% | +0.02% |
Volatility
ETFRX vs. ETFOX - Volatility Comparison
The current volatility for North Square Tactical Defensive Fund (ETFRX) is 2.68%, while North Square Tactical Growth Fund (ETFOX) has a volatility of 3.20%. This indicates that ETFRX experiences smaller price fluctuations and is considered to be less risky than ETFOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETFRX | ETFOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 3.20% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 7.93% | 8.86% | -0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.94% | 11.12% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.53% | 12.54% | -3.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.47% | 12.43% | -1.96% |
ETFRX vs. ETFOX - Expense Ratio Comparison
ETFRX has a 1.86% expense ratio, which is higher than ETFOX's 1.30% expense ratio.
Dividends
ETFRX vs. ETFOX - Dividend Comparison
ETFRX's dividend yield for the trailing twelve months is around 0.46%, less than ETFOX's 1.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETFOX North Square Tactical Growth Fund | 1.21% | 1.29% | 2.36% | 0.98% | 7.75% | 4.75% | 0.02% | 4.81% | 2.65% | 0.00% | 0.20% | 0.64% |
ETFRX North Square Tactical Defensive Fund | 0.46% | 0.48% | 0.93% | 0.00% | 0.00% | 0.00% | 0.00% | 0.38% | 0.00% | 2.25% | 0.00% | 3.02% |
Frequently Asked Questions
With a correlation of 0.97, ETFRX and ETFOX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
ETFOX has higher volatility (3.20%) compared to ETFRX (2.68%). In terms of maximum drawdown, ETFRX dropped -37.11% vs ETFOX's -41.32%.
ETFOX currently has the higher Sharpe Ratio (1.35 vs 1.12), 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.
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