GTAPX vs. TTDAX

Last updated Apr 1, 2026

Compare and contrast key facts about Quantitative U.S. Long/Short Equity Portfolio (GTAPX) and Toews Tactical Defensive Alpha Fund (TTDAX).

GTAPX is managed by Glenmede. It was launched on Sep 28, 2006. TTDAX is managed by Toews Funds. It was launched on Jan 6, 2016.

Performance

GTAPX vs. TTDAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Quantitative U.S. Long/Short Equity Portfolio (GTAPX) and Toews Tactical Defensive Alpha Fund (TTDAX). The values are adjusted to include any dividend payments, if applicable.

GTAPX vs. TTDAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GTAPX Quantitative U.S. Long/Short Equity Portfolio	2.33%	12.79%	13.28%	4.42%	3.16%	17.72%	-5.16%	3.26%	-8.65%	8.29%
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%

Returns By Period

In the year-to-date period, GTAPX achieves a 2.33% return, which is significantly higher than TTDAX's -5.84% return.

GTAPX

• 1D: -0.30%
• 1M: -0.30%
• YTD: 2.33%
• 6M: 6.61%
• 1Y: 14.22%
• 3Y*: 10.52%
• 5Y*: 9.15%
• 10Y*: 5.30%

TTDAX

• 1D: 0.00%
• 1M: -6.45%
• YTD: -5.84%
• 6M: -2.81%
• 1Y: 9.39%
• 3Y*: 4.93%
• 5Y*: 0.27%
• 10Y*: —

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

GTAPX vs. TTDAX - Expense Ratio Comparison

Both GTAPX and TTDAX have an expense ratio of 1.25%.

GTAPX

Quantitative U.S. Long/Short Equity Portfolio

TTDAX

Toews Tactical Defensive Alpha Fund

Return for Risk

GTAPX vs. TTDAX — Risk / Return Rank

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

GTAPX

GTAPX Risk / Return Rank: 90
GTAPX Sharpe Ratio Rank: 89
GTAPX Sortino Ratio Rank: 91
GTAPX Omega Ratio Rank: 85
GTAPX Calmar Ratio Rank: 94
GTAPX Martin Ratio Rank: 93

TTDAX

TTDAX Risk / Return Rank: 45
TTDAX Sharpe Ratio Rank: 42
TTDAX Sortino Ratio Rank: 39
TTDAX Omega Ratio Rank: 37
TTDAX Calmar Ratio Rank: 48
TTDAX Martin Ratio Rank: 59

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.

GTAPX vs. TTDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Quantitative U.S. Long/Short Equity Portfolio (GTAPX) 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.

	GTAPX	TTDAX	Difference
Sharpe ratio Return per unit of total volatility	1.83	0.88	+0.94
Sortino ratio Return per unit of downside risk	2.66	1.26	+1.39
Omega ratio Gain probability vs. loss probability	1.35	1.18	+0.17
Calmar ratio Return relative to maximum drawdown	3.11	1.21	+1.90
Martin ratio Return relative to average drawdown	11.29	5.70	+5.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GTAPX vs. TTDAX - Sharpe Ratio Comparison

The current GTAPX Sharpe Ratio is 1.83, which is higher than the TTDAX Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of GTAPX and TTDAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GTAPX	TTDAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	0.88	+0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.02	+0.83
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.34	+0.05

Correlation

The correlation between GTAPX and TTDAX is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GTAPX vs. TTDAX - Dividend Comparison

GTAPX's dividend yield for the trailing twelve months is around 16.26%, more than TTDAX's 2.20% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GTAPX Quantitative U.S. Long/Short Equity Portfolio	16.26%	16.63%	11.79%	11.23%	0.00%	0.00%	0.00%	0.96%	0.00%	0.00%
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%

Drawdowns

GTAPX vs. TTDAX - Drawdown Comparison

The maximum GTAPX drawdown since its inception was -30.40%, smaller than the maximum TTDAX drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for GTAPX and TTDAX.

Drawdown Indicators

	GTAPX	TTDAX	Difference
Max Drawdown Largest peak-to-trough decline	-30.40%	-34.31%	+3.91%
Max Drawdown (1Y) Largest decline over 1 year	-4.15%	-7.30%	+3.15%
Max Drawdown (5Y) Largest decline over 5 years	-12.21%	-25.09%	+12.88%
Max Drawdown (10Y) Largest decline over 10 years	-30.40%	—	—
Current Drawdown Current decline from peak	-1.27%	-7.30%	+6.03%
Average Drawdown Average peak-to-trough decline	-7.09%	-7.03%	-0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.19%	1.55%	-0.36%

Volatility

GTAPX vs. TTDAX - Volatility Comparison

The current volatility for Quantitative U.S. Long/Short Equity Portfolio (GTAPX) is 2.07%, while Toews Tactical Defensive Alpha Fund (TTDAX) has a volatility of 3.95%. This indicates that GTAPX experiences smaller price fluctuations and is considered to be less risky than TTDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GTAPX	TTDAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.07%	3.95%	-1.88%
Volatility (6M) Calculated over the trailing 6-month period	5.13%	8.52%	-3.39%
Volatility (1Y) Calculated over the trailing 1-year period	8.19%	10.94%	-2.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.89%	13.37%	-2.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.20%	16.52%	-6.32%