FLOTX vs. GTAIX

Last updated Jun 4, 2026

FLOTX (Donoghue Forlines Risk Managed Income Fund) and GTAIX (Donoghue Forlines Tactical Allocation Fund) are both mutual funds - FLOTX is a Bank Loan fund managed by Donoghue Forlines LLC, while GTAIX is a Tactical Allocation fund managed by Donoghue Forlines LLC. Over the past 5 years, FLOTX returned 2.71%/yr vs 7.08%/yr for GTAIX. At a 0.46 correlation, their price movements are largely independent. FLOTX charges 1.07%/yr vs 1.20%/yr for GTAIX.

Performance

FLOTX vs. GTAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Donoghue Forlines Risk Managed Income Fund (FLOTX) and Donoghue Forlines Tactical Allocation Fund (GTAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLOTX achieves a -0.55% return, which is significantly lower than GTAIX's 12.59% return.

FLOTX

• 1D: 0.00%
• 1M: 0.33%
• YTD: -0.55%
• 6M: 0.09%
• 1Y: 3.22%
• 3Y*: 5.20%
• 5Y*: 2.71%
• 10Y*: —

GTAIX

• 1D: 0.78%
• 1M: 3.45%
• YTD: 12.59%
• 6M: 13.16%
• 1Y: 22.76%
• 3Y*: 15.11%
• 5Y*: 7.08%
• 10Y*: —

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

FLOTX vs. GTAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FLOTX Donoghue Forlines Risk Managed Income Fund	-0.55%	2.47%	6.76%	8.28%	-3.59%	2.45%	3.95%	3.51%	1.86%
GTAIX Donoghue Forlines Tactical Allocation Fund	12.59%	13.49%	8.39%	15.59%	-14.49%	9.25%	-0.10%	16.08%	-8.93%

Correlation

The correlation between FLOTX and GTAIX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (All Time) Calculated using the full available price history since Apr 9, 2018	0.46

The correlation between FLOTX and GTAIX has been stable across timeframes, ranging from 0.45 to 0.54 - a consistent structural relationship.

Return for Risk

FLOTX vs. GTAIX — Risk / Return Rank

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

FLOTX

FLOTX Risk / Return Rank: 38
FLOTX Sharpe Ratio Rank: 47
FLOTX Sortino Ratio Rank: 48
FLOTX Omega Ratio Rank: 67
FLOTX Calmar Ratio Rank: 16
FLOTX Martin Ratio Rank: 13

GTAIX

GTAIX Risk / Return Rank: 89
GTAIX Sharpe Ratio Rank: 88
GTAIX Sortino Ratio Rank: 87
GTAIX Omega Ratio Rank: 83
GTAIX Calmar Ratio Rank: 93
GTAIX Martin Ratio Rank: 95

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.

FLOTX vs. GTAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Donoghue Forlines Risk Managed Income Fund (FLOTX) and Donoghue Forlines Tactical Allocation Fund (GTAIX). 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.

	FLOTX	GTAIX	Difference
Sharpe ratio: Return per unit of total volatility	2.01	2.88	-0.87
Sortino ratio: Return per unit of downside risk	2.92	4.16	-1.24
Omega ratio: Gain probability vs. loss probability	1.46	1.55	-0.10
Calmar ratio: Return relative to maximum drawdown	1.42	5.19	-3.77
Martin ratio: Return relative to average drawdown	3.82	22.04	-18.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLOTX vs. GTAIX - Sharpe Ratio Comparison

The current FLOTX Sharpe Ratio is 2.01, which is lower than the GTAIX Sharpe Ratio of 2.88. The chart below compares the historical Sharpe Ratios of FLOTX and GTAIX, 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

	FLOTX	GTAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	2.88	-0.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.02	0.66	+0.35
Sharpe Ratio (All Time) Calculated using the full available price history	1.24	0.50	+0.73

Drawdowns

FLOTX vs. GTAIX - Drawdown Comparison

The maximum FLOTX drawdown since its inception was -4.40%, smaller than the maximum GTAIX drawdown of -24.25%. Use the drawdown chart below to compare losses from any high point for FLOTX and GTAIX.

Drawdown Indicators

	FLOTX	GTAIX	Difference
Max Drawdown Largest peak-to-trough decline	-4.40%	-24.25%	+19.85%
Max Drawdown (1Y) Largest decline over 1 year	-2.36%	-4.51%	+2.15%
Max Drawdown (3Y) Largest decline over 3 years	-3.34%	-11.89%	+8.55%
Max Drawdown (5Y) Largest decline over 5 years	-4.40%	-19.43%	+15.03%
Current Drawdown Current decline from peak	-0.97%	0.00%	-0.97%
Average Drawdown Average peak-to-trough decline	-1.03%	-4.82%	+3.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	1.06%	-0.19%

Volatility

FLOTX vs. GTAIX - Volatility Comparison

The current volatility for Donoghue Forlines Risk Managed Income Fund (FLOTX) is 0.43%, while Donoghue Forlines Tactical Allocation Fund (GTAIX) has a volatility of 2.73%. This indicates that FLOTX experiences smaller price fluctuations and is considered to be less risky than GTAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLOTX	GTAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.43%	2.73%	-2.30%
Volatility (6M) Calculated over the trailing 6-month period	1.34%	6.81%	-5.47%
Volatility (1Y) Calculated over the trailing 1-year period	1.66%	8.14%	-6.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.68%	10.72%	-8.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.46%	11.50%	-9.04%

FLOTX vs. GTAIX - Expense Ratio Comparison

FLOTX has a 1.07% expense ratio, which is lower than GTAIX's 1.20% expense ratio.

Dividends

FLOTX vs. GTAIX - Dividend Comparison

FLOTX's dividend yield for the trailing twelve months is around 6.80%, more than GTAIX's 4.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FLOTX Donoghue Forlines Risk Managed Income Fund	6.80%	5.79%	7.15%	7.16%	1.56%	2.13%	2.42%	3.78%	3.20%
GTAIX Donoghue Forlines Tactical Allocation Fund	4.90%	5.82%	3.38%	2.69%	1.65%	2.35%	0.82%	1.77%	1.92%

Frequently Asked Questions

Can I hold both FLOTX and GTAIX in my portfolio?

FLOTX and GTAIX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLOTX or GTAIX?

GTAIX has higher volatility (2.73%) compared to FLOTX (0.43%). In terms of maximum drawdown, FLOTX dropped -4.40% vs GTAIX's -24.25%.

Which has better risk-adjusted returns?

GTAIX currently has the higher Sharpe Ratio (2.88 vs 2.01), 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.