GARIX vs. TTDAX

Last updated Jun 24, 2026

GARIX (Gotham Absolute Return Fund) and TTDAX (Toews Tactical Defensive Alpha Fund) are both Long-Short funds. A 0.74 correlation means they provide meaningful diversification when combined. GARIX charges 1.50%/yr vs 1.25%/yr for TTDAX.

Performance

GARIX vs. TTDAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gotham Absolute Return Fund (GARIX) and Toews Tactical Defensive Alpha Fund (TTDAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GARIX

• 1D: 0.42%
• 1M: 1.71%
• YTD: 10.85%
• 6M: 10.49%
• 1Y: 19.39%
• 3Y*: 18.84%
• 5Y*: 14.44%
• 10Y*: 10.09%

TTDAX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GARIX vs. TTDAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GARIX Gotham Absolute Return Fund	10.85%	16.18%	20.46%	17.70%	-5.04%	26.87%	-6.19%	11.50%	-4.86%	10.01%
TTDAX Toews Tactical Defensive Alpha Fund	-5.84%	10.90%	2.87%	7.65%	-16.61%	12.36%	17.14%	22.12%	-7.35%	14.90%

Correlation

The correlation between GARIX and TTDAX is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.74

The correlation between GARIX and TTDAX has been stable across timeframes, ranging from 0.67 to 0.74 - a consistent structural relationship.

Return for Risk

GARIX vs. TTDAX — Risk / Return Rank

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

GARIX

GARIX Risk / Return Rank: 84
GARIX Sharpe Ratio Rank: 80
GARIX Sortino Ratio Rank: 78
GARIX Omega Ratio Rank: 70
GARIX Calmar Ratio Rank: 95
GARIX Martin Ratio Rank: 95

TTDAX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

GARIX vs. TTDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gotham Absolute Return Fund (GARIX) and Toews Tactical Defensive Alpha Fund (TTDAX). 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.

	GARIX	TTDAX	Difference
Sharpe ratio: Return per unit of total volatility	2.42	—	—
Sortino ratio: Return per unit of downside risk	3.40	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	5.31	—	—
Martin ratio: Return relative to average drawdown	20.84	—	—

Drawdowns

Drawdown Indicators

	GARIX	TTDAX	Difference
Max Drawdown Largest peak-to-trough decline	-26.49%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-3.85%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-23.15%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.15%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-26.49%	—	—
Current Drawdown Current decline from peak	-0.83%	—	—
Average Drawdown Average peak-to-trough decline	-4.50%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.98%	—	—

Volatility

Volatility by Period

	GARIX	TTDAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.58%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.49%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.39%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.92%	—	—

GARIX vs. TTDAX - Expense Ratio Comparison

GARIX has a 1.50% expense ratio, which is higher than TTDAX's 1.25% expense ratio.

Dividends

GARIX vs. TTDAX - Dividend Comparison

GARIX's dividend yield for the trailing twelve months is around 6.47%, more than TTDAX's 2.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GARIX Gotham Absolute Return Fund	6.47%	7.18%	18.74%	5.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.36%
TTDAX Toews Tactical Defensive Alpha Fund	2.20%	2.07%	3.30%	2.56%	1.03%	26.63%	4.08%	7.49%	1.35%	13.58%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GARIX and TTDAX in my portfolio?

GARIX and TTDAX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.