IMSIX vs. GTAIX

Last updated Aug 4, 2026

IMSIX (IMS Strategic Income Fund) and GTAIX (Donoghue Forlines Tactical Allocation Fund) are both Tactical Allocation funds. Over the past 5 years, IMSIX returned -0.09%/yr vs 6.92%/yr for GTAIX. Their 0.55 correlation means they have sometimes moved together and sometimes differently. IMSIX charges 1.95%/yr vs 1.20%/yr for GTAIX.

Performance

IMSIX vs. GTAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IMS Strategic Income Fund (IMSIX) 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, IMSIX achieves a 1.51% return, which is significantly lower than GTAIX's 13.16% return.

IMSIX

• 1D: 0.00%
• 1M: -1.51%
• 6M: 0.02%
• YTD: 1.51%
• 1Y: 4.56%
• 3Y*: 5.89%
• 5Y*: -0.09%
• 10Y*: 1.39%
• ALL TIME*: 0.95%

GTAIX

• 1D: 0.39%
• 1M: -0.16%
• 6M: 7.97%
• YTD: 13.16%
• 1Y: 20.06%
• 3Y*: 13.50%
• 5Y*: 6.92%
• 10Y*: —
• ALL TIME*: 5.71%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GTAIX Donoghue Forlines Tactical Allocation Fund	$0.00	$0.00	$0.00
IMSIX IMS Strategic Income Fund	$0.00	$0.00	$0.00

IMSIX vs. GTAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IMSIX IMS Strategic Income Fund	1.51%	8.83%	0.41%	10.14%	-17.29%	11.84%	4.01%	15.97%	-1.73%
GTAIX Donoghue Forlines Tactical Allocation Fund	13.16%	13.49%	8.39%	15.59%	-14.49%	9.25%	-0.10%	16.08%	-8.93%

Correlation

The correlation between IMSIX and GTAIX is 0.38, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.38
Correlation (3Y) Balances recent behavior with more history.	0.44
Correlation (5Y) Shows whether the relationship held over a longer period.	0.54
Correlation (All Time) Calculated using the full available price history since Apr 6, 2018	0.55

The correlation between IMSIX and GTAIX shifts across timeframes, from 0.38 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IMSIX vs. GTAIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IMSIX

IMSIX Risk / Return Rank: 22
IMSIX Sharpe Ratio Rank: 21
IMSIX Sortino Ratio Rank: 20
IMSIX Omega Ratio Rank: 26
IMSIX Calmar Ratio Rank: 20
IMSIX Martin Ratio Rank: 22

GTAIX

GTAIX Risk / Return Rank: 88
GTAIX Sharpe Ratio Rank: 85
GTAIX Sortino Ratio Rank: 85
GTAIX Omega Ratio Rank: 80
GTAIX Calmar Ratio Rank: 95
GTAIX Martin Ratio Rank: 95

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IMSIX vs. GTAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IMS Strategic Income Fund (IMSIX) 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.

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.

	IMSIX	GTAIX	Difference
Sharpe ratio: Return per unit of total volatility	0.82	2.11	-1.29
Sortino ratio: Return per unit of downside risk	1.18	3.06	-1.88
Omega ratio: Gain probability vs. loss probability	1.18	1.38	-0.20
Calmar ratio: Return relative to maximum drawdown	1.03	4.25	-3.22
Martin ratio: Return relative to average drawdown	3.21	16.62	-13.41

IMSIX vs. GTAIX - Sharpe Ratio Comparison

The current IMSIX Sharpe Ratio is 0.82, which is lower than the GTAIX Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of IMSIX 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.

Drawdowns

IMSIX vs. GTAIX - Drawdown Comparison

The maximum IMSIX drawdown since its inception was -51.80%, which is greater than GTAIX's maximum drawdown of -24.25%. Use the drawdown chart below to compare losses from any high point for IMSIX and GTAIX.

Drawdown Indicators

	IMSIX	GTAIX	Difference
Max Drawdown Largest peak-to-trough decline	-51.80%	-24.25%	-27.55%
Max Drawdown (1Y) Largest decline over 1 year	-4.93%	-4.51%	-0.42%
Max Drawdown (3Y) Largest decline over 3 years	-7.88%	-11.89%	+4.01%
Max Drawdown (5Y) Largest decline over 5 years	-25.83%	-19.43%	-6.40%
Max Drawdown (10Y) Largest decline over 10 years	-26.09%	—	—
Current Drawdown Current decline from peak	-23.48%	-1.48%	-22.00%
Average Drawdown Average peak-to-trough decline	-20.85%	-4.75%	-16.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	1.15%	+0.44%

Volatility

IMSIX vs. GTAIX - Volatility Comparison

The current volatility for IMS Strategic Income Fund (IMSIX) is 1.62%, while Donoghue Forlines Tactical Allocation Fund (GTAIX) has a volatility of 2.85%. This indicates that IMSIX 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

	IMSIX	GTAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.62%	2.85%	-1.23%
Volatility (6M) Calculated over the trailing 6-month period	4.53%	7.66%	-3.13%
Volatility (1Y) Calculated over the trailing 1-year period	6.28%	9.11%	-2.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.82%	10.83%	-2.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.20%	11.49%	-2.29%

IMSIX vs. GTAIX - Expense Ratio Comparison

IMSIX has a 1.95% expense ratio, which is higher than GTAIX's 1.20% expense ratio.

Dividends

IMSIX vs. GTAIX - Dividend Comparison

IMSIX's dividend yield for the trailing twelve months is around 8.21%, more than GTAIX's 5.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GTAIX Donoghue Forlines Tactical Allocation Fund	5.05%	5.82%	3.38%	2.69%	1.65%	2.35%	0.82%	1.77%	1.92%	0.00%	0.00%	0.00%
IMSIX IMS Strategic Income Fund	8.21%	7.96%	7.00%	5.16%	7.84%	6.79%	5.93%	5.02%	6.38%	7.27%	9.32%	11.40%

Frequently Asked Questions

Can I hold both IMSIX and GTAIX in my portfolio?

IMSIX and GTAIX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IMSIX or GTAIX?

GTAIX has higher volatility (2.85%) compared to IMSIX (1.62%). In terms of maximum drawdown, IMSIX dropped -51.80% vs GTAIX's -24.25%.

Which has better risk-adjusted returns?

GTAIX currently has the higher Sharpe Ratio (2.11 vs 0.81), 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.