HTDIX vs. CAPTX

Last updated Jul 17, 2026

HTDIX (Tactical Dividend and Momentum Fund) and CAPTX (Canterbury Portfolio Thermostat Fund) are both Tactical Allocation funds. Over the past 5 years, HTDIX returned 7.01%/yr vs 5.39%/yr for CAPTX. A 0.77 correlation means they provide meaningful diversification when combined. HTDIX charges 1.40%/yr vs 1.98%/yr for CAPTX.

Performance

HTDIX vs. CAPTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tactical Dividend and Momentum Fund (HTDIX) and Canterbury Portfolio Thermostat Fund (CAPTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HTDIX achieves a 7.69% return, which is significantly lower than CAPTX's 13.91% return.

HTDIX

• 1D: -0.06%
• 1M: 0.19%
• 6M: 5.99%
• YTD: 7.69%
• 1Y: 14.92%
• 3Y*: 14.40%
• 5Y*: 7.01%
• 10Y*: 7.31%

CAPTX

• 1D: -1.05%
• 1M: -2.28%
• 6M: 10.10%
• YTD: 13.91%
• 1Y: 25.62%
• 3Y*: 11.12%
• 5Y*: 5.39%
• 10Y*: —

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

HTDIX vs. CAPTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HTDIX Tactical Dividend and Momentum Fund	7.69%	12.92%	18.32%	12.48%	-15.78%	17.64%	4.37%	14.00%	-5.63%	14.81%
CAPTX Canterbury Portfolio Thermostat Fund	13.91%	12.68%	11.07%	0.63%	-11.80%	14.07%	-3.30%	14.16%	-7.98%	12.46%

Correlation

The correlation between HTDIX and CAPTX is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.77

The correlation between HTDIX and CAPTX has been stable across timeframes, ranging from 0.73 to 0.82 - a consistent structural relationship.

Return for Risk

HTDIX vs. CAPTX — Risk / Return Rank

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

HTDIX

HTDIX Risk / Return Rank: 48
HTDIX Sharpe Ratio Rank: 39
HTDIX Sortino Ratio Rank: 35
HTDIX Omega Ratio Rank: 39
HTDIX Calmar Ratio Rank: 68
HTDIX Martin Ratio Rank: 56

CAPTX

CAPTX Risk / Return Rank: 80
CAPTX Sharpe Ratio Rank: 78
CAPTX Sortino Ratio Rank: 76
CAPTX Omega Ratio Rank: 75
CAPTX Calmar Ratio Rank: 85
CAPTX Martin Ratio Rank: 88

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.

HTDIX vs. CAPTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tactical Dividend and Momentum Fund (HTDIX) and Canterbury Portfolio Thermostat Fund (CAPTX). 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.

	HTDIX	CAPTX	Difference
Sharpe ratio: Return per unit of total volatility	1.43	2.09	-0.65
Sortino ratio: Return per unit of downside risk	1.95	2.91	-0.96
Omega ratio: Gain probability vs. loss probability	1.26	1.38	-0.12
Calmar ratio: Return relative to maximum drawdown	2.60	3.35	-0.76
Martin ratio: Return relative to average drawdown	9.05	13.52	-4.47

HTDIX vs. CAPTX - Sharpe Ratio Comparison

The current HTDIX Sharpe Ratio is 1.43, which is lower than the CAPTX Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of HTDIX and CAPTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HTDIX vs. CAPTX - Drawdown Comparison

The maximum HTDIX drawdown since its inception was -18.08%, smaller than the maximum CAPTX drawdown of -28.25%. Use the drawdown chart below to compare losses from any high point for HTDIX and CAPTX.

Drawdown Indicators

	HTDIX	CAPTX	Difference
Max Drawdown Largest peak-to-trough decline	-18.08%	-28.25%	+10.17%
Max Drawdown (1Y) Largest decline over 1 year	-5.93%	-7.81%	+1.88%
Max Drawdown (3Y) Largest decline over 3 years	-18.08%	-11.27%	-6.81%
Max Drawdown (5Y) Largest decline over 5 years	-18.08%	-15.88%	-2.20%
Max Drawdown (10Y) Largest decline over 10 years	-18.08%	—	—
Current Drawdown Current decline from peak	-0.74%	-4.32%	+3.58%
Average Drawdown Average peak-to-trough decline	-5.36%	-5.41%	+0.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.70%	1.93%	-0.23%

Volatility

HTDIX vs. CAPTX - Volatility Comparison

The current volatility for Tactical Dividend and Momentum Fund (HTDIX) is 3.31%, while Canterbury Portfolio Thermostat Fund (CAPTX) has a volatility of 5.25%. This indicates that HTDIX experiences smaller price fluctuations and is considered to be less risky than CAPTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HTDIX	CAPTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.31%	5.25%	-1.94%
Volatility (6M) Calculated over the trailing 6-month period	7.91%	10.40%	-2.49%
Volatility (1Y) Calculated over the trailing 1-year period	10.76%	12.57%	-1.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.50%	10.12%	+1.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.05%	11.81%	+0.24%

HTDIX vs. CAPTX - Expense Ratio Comparison

HTDIX has a 1.40% expense ratio, which is lower than CAPTX's 1.98% expense ratio.

Dividends

HTDIX vs. CAPTX - Dividend Comparison

Neither HTDIX nor CAPTX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAPTX Canterbury Portfolio Thermostat Fund	0.00%	0.00%	0.00%	0.63%	0.00%	13.02%	0.15%	1.21%	1.35%	0.99%	0.00%	0.00%
HTDIX Tactical Dividend and Momentum Fund	0.00%	0.00%	0.00%	1.92%	0.00%	14.07%	0.00%	0.69%	0.36%	0.65%	1.29%	0.34%

Frequently Asked Questions

Can I hold both HTDIX and CAPTX in my portfolio?

HTDIX and CAPTX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HTDIX or CAPTX?

CAPTX has higher volatility (5.25%) compared to HTDIX (3.31%). In terms of maximum drawdown, HTDIX dropped -18.08% vs CAPTX's -28.25%.

Which has better risk-adjusted returns?

CAPTX currently has the higher Sharpe Ratio (2.09 vs 1.43), 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.