FIFWX vs. TVRIX

Last updated Jun 6, 2026

FIFWX (Fidelity Advisor Founders Fund Class Z) and TVRIX (Guggenheim Directional Allocation Fund) are both Large Cap Growth Equities funds. Over the past 5 years, FIFWX returned 13.05%/yr vs 7.36%/yr for TVRIX. A 0.80 correlation means they provide meaningful diversification when combined. FIFWX charges 0.75%/yr vs 1.09%/yr for TVRIX.

Performance

FIFWX vs. TVRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Founders Fund Class Z (FIFWX) and Guggenheim Directional Allocation Fund (TVRIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FIFWX achieves a 8.63% return, which is significantly lower than TVRIX's 11.50% return.

FIFWX

• 1D: 0.35%
• 1M: 4.29%
• YTD: 8.63%
• 6M: 9.12%
• 1Y: 21.66%
• 3Y*: 25.38%
• 5Y*: 13.05%
• 10Y*: —

TVRIX

• 1D: 0.00%
• 1M: 3.81%
• YTD: 11.50%
• 6M: 11.25%
• 1Y: 25.55%
• 3Y*: 14.46%
• 5Y*: 7.36%
• 10Y*: 10.16%

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

FIFWX vs. TVRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FIFWX Fidelity Advisor Founders Fund Class Z	8.63%	16.53%	36.54%	34.14%	-26.58%	19.13%	47.37%	14.14%
TVRIX Guggenheim Directional Allocation Fund	11.50%	13.83%	7.87%	11.00%	-17.53%	27.30%	5.08%	13.23%

Correlation

The correlation between FIFWX and TVRIX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Feb 25, 2019	0.80

The correlation between FIFWX and TVRIX shifts across timeframes, from 0.78 (5 years) to 0.90 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FIFWX vs. TVRIX — Risk / Return Rank

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

FIFWX

FIFWX Risk / Return Rank: 31
FIFWX Sharpe Ratio Rank: 32
FIFWX Sortino Ratio Rank: 30
FIFWX Omega Ratio Rank: 30
FIFWX Calmar Ratio Rank: 28
FIFWX Martin Ratio Rank: 35

TVRIX

TVRIX Risk / Return Rank: 75
TVRIX Sharpe Ratio Rank: 80
TVRIX Sortino Ratio Rank: 76
TVRIX Omega Ratio Rank: 73
TVRIX Calmar Ratio Rank: 68
TVRIX Martin Ratio Rank: 78

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.

FIFWX vs. TVRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Founders Fund Class Z (FIFWX) and Guggenheim Directional Allocation Fund (TVRIX). 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.

	FIFWX	TVRIX	Difference
Sharpe ratio: Return per unit of total volatility	1.54	2.57	-1.03
Sortino ratio: Return per unit of downside risk	2.18	3.58	-1.40
Omega ratio: Gain probability vs. loss probability	1.27	1.47	-0.19
Calmar ratio: Return relative to maximum drawdown	1.87	3.07	-1.20
Martin ratio: Return relative to average drawdown	7.59	14.09	-6.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIFWX vs. TVRIX - Sharpe Ratio Comparison

The current FIFWX Sharpe Ratio is 1.54, which is lower than the TVRIX Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of FIFWX and TVRIX, 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

	FIFWX	TVRIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	2.57	-1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.51	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.61	+0.20

Drawdowns

FIFWX vs. TVRIX - Drawdown Comparison

The maximum FIFWX drawdown since its inception was -32.44%, smaller than the maximum TVRIX drawdown of -39.36%. Use the drawdown chart below to compare losses from any high point for FIFWX and TVRIX.

Drawdown Indicators

	FIFWX	TVRIX	Difference
Max Drawdown Largest peak-to-trough decline	-32.44%	-39.36%	+6.92%
Max Drawdown (1Y) Largest decline over 1 year	-12.23%	-8.45%	-3.78%
Max Drawdown (3Y) Largest decline over 3 years	-23.27%	-24.87%	+1.60%
Max Drawdown (5Y) Largest decline over 5 years	-32.44%	-24.87%	-7.57%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.36%	—
Current Drawdown Current decline from peak	-1.23%	-0.54%	-0.69%
Average Drawdown Average peak-to-trough decline	-7.95%	-6.05%	-1.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	1.84%	+1.17%

Volatility

FIFWX vs. TVRIX - Volatility Comparison

Fidelity Advisor Founders Fund Class Z (FIFWX) has a higher volatility of 4.75% compared to Guggenheim Directional Allocation Fund (TVRIX) at 3.18%. This indicates that FIFWX's price experiences larger fluctuations and is considered to be riskier than TVRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FIFWX	TVRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.75%	3.18%	+1.57%
Volatility (6M) Calculated over the trailing 6-month period	11.41%	7.89%	+3.52%
Volatility (1Y) Calculated over the trailing 1-year period	14.82%	10.09%	+4.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.16%	14.43%	+6.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.57%	17.82%	+4.75%

FIFWX vs. TVRIX - Expense Ratio Comparison

FIFWX has a 0.75% expense ratio, which is lower than TVRIX's 1.09% expense ratio.

Dividends

FIFWX vs. TVRIX - Dividend Comparison

FIFWX's dividend yield for the trailing twelve months is around 2.20%, less than TVRIX's 8.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FIFWX Fidelity Advisor Founders Fund Class Z	2.20%	2.39%	6.29%	0.22%	2.62%	6.36%	0.00%	0.09%	0.00%
TVRIX Guggenheim Directional Allocation Fund	8.64%	9.64%	0.00%	2.03%	0.71%	14.34%	0.30%	16.62%	14.33%

Frequently Asked Questions

Can I hold both FIFWX and TVRIX in my portfolio?

With a correlation of 0.90, FIFWX and TVRIX 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.

Which is riskier, FIFWX or TVRIX?

FIFWX has higher volatility (4.75%) compared to TVRIX (3.18%). In terms of maximum drawdown, FIFWX dropped -32.44% vs TVRIX's -39.36%.

Which has better risk-adjusted returns?

TVRIX currently has the higher Sharpe Ratio (2.57 vs 1.54), 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.