ITHAX vs. TVRIX

Last updated Jun 5, 2026

ITHAX (Hartford Capital Appreciation Fund Class A) and TVRIX (Guggenheim Directional Allocation Fund) are both Large Cap Growth Equities funds. Over the past 10 years, ITHAX returned 12.54%/yr vs 10.21%/yr for TVRIX. Their correlation of 0.90 suggests significant overlap in exposure. ITHAX charges 1.05%/yr vs 1.09%/yr for TVRIX.

Performance

ITHAX vs. TVRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Capital Appreciation Fund Class A (ITHAX) and Guggenheim Directional Allocation Fund (TVRIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ITHAX achieves a 9.25% return, which is significantly lower than TVRIX's 11.50% return. Over the past 10 years, ITHAX has outperformed TVRIX with an annualized return of 12.54%, while TVRIX has yielded a comparatively lower 10.21% annualized return.

ITHAX

• 1D: -0.64%
• 1M: 4.52%
• YTD: 9.25%
• 6M: 8.73%
• 1Y: 22.34%
• 3Y*: 16.84%
• 5Y*: 8.57%
• 10Y*: 12.54%

TVRIX

• 1D: -0.54%
• 1M: 5.99%
• YTD: 11.50%
• 6M: 11.42%
• 1Y: 25.84%
• 3Y*: 14.46%
• 5Y*: 7.36%
• 10Y*: 10.21%

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

ITHAX vs. TVRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ITHAX Hartford Capital Appreciation Fund Class A	9.25%	10.37%	20.73%	18.95%	-17.83%	15.30%	20.74%	36.59%	-5.22%	21.40%
TVRIX Guggenheim Directional Allocation Fund	11.50%	13.83%	7.87%	11.00%	-17.53%	27.30%	5.08%	30.45%	-7.53%	23.45%

Correlation

The correlation between ITHAX and TVRIX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jun 19, 2012	0.90

The correlation between ITHAX and TVRIX shifts across timeframes, from 0.81 (5 years) to 0.96 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ITHAX vs. TVRIX — Risk / Return Rank

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

ITHAX

ITHAX Risk / Return Rank: 43
ITHAX Sharpe Ratio Rank: 43
ITHAX Sortino Ratio Rank: 41
ITHAX Omega Ratio Rank: 42
ITHAX Calmar Ratio Rank: 37
ITHAX Martin Ratio Rank: 50

TVRIX

TVRIX Risk / Return Rank: 74
TVRIX Sharpe Ratio Rank: 80
TVRIX Sortino Ratio Rank: 75
TVRIX Omega Ratio Rank: 72
TVRIX Calmar Ratio Rank: 67
TVRIX Martin Ratio Rank: 77

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.

ITHAX vs. TVRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Capital Appreciation Fund Class A (ITHAX) and Guggenheim Directional Allocation Fund (TVRIX). 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.

	ITHAX	TVRIX	Difference
Sharpe ratio: Return per unit of total volatility	1.86	2.59	-0.74
Sortino ratio: Return per unit of downside risk	2.58	3.61	-1.03
Omega ratio: Gain probability vs. loss probability	1.34	1.47	-0.13
Calmar ratio: Return relative to maximum drawdown	2.23	3.10	-0.86
Martin ratio: Return relative to average drawdown	9.86	14.21	-4.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ITHAX vs. TVRIX - Sharpe Ratio Comparison

The current ITHAX Sharpe Ratio is 1.86, which is comparable to the TVRIX Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of ITHAX and TVRIX, 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

	ITHAX	TVRIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	2.59	-0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.51	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.57	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.61	-0.04

Drawdowns

ITHAX vs. TVRIX - Drawdown Comparison

The maximum ITHAX drawdown since its inception was -63.22%, which is greater than TVRIX's maximum drawdown of -39.36%. Use the drawdown chart below to compare losses from any high point for ITHAX and TVRIX.

Drawdown Indicators

	ITHAX	TVRIX	Difference
Max Drawdown Largest peak-to-trough decline	-63.22%	-39.36%	-23.86%
Max Drawdown (1Y) Largest decline over 1 year	-10.13%	-8.45%	-1.68%
Max Drawdown (3Y) Largest decline over 3 years	-19.76%	-24.87%	+5.11%
Max Drawdown (5Y) Largest decline over 5 years	-26.63%	-24.87%	-1.76%
Max Drawdown (10Y) Largest decline over 10 years	-36.33%	-39.36%	+3.03%
Current Drawdown Current decline from peak	-0.64%	-0.54%	-0.10%
Average Drawdown Average peak-to-trough decline	-12.16%	-6.05%	-6.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	1.84%	+0.45%

Volatility

ITHAX vs. TVRIX - Volatility Comparison

The current volatility for Hartford Capital Appreciation Fund Class A (ITHAX) is 2.93%, while Guggenheim Directional Allocation Fund (TVRIX) has a volatility of 3.27%. This indicates that ITHAX experiences smaller price fluctuations and is considered to be less risky than TVRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ITHAX	TVRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	3.27%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	9.20%	7.89%	+1.31%
Volatility (1Y) Calculated over the trailing 1-year period	12.20%	10.09%	+2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.92%	14.43%	+2.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.06%	17.82%	+0.24%

ITHAX vs. TVRIX - Expense Ratio Comparison

ITHAX has a 1.05% expense ratio, which is lower than TVRIX's 1.09% expense ratio.

Dividends

ITHAX vs. TVRIX - Dividend Comparison

ITHAX's dividend yield for the trailing twelve months is around 6.47%, less than TVRIX's 8.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ITHAX Hartford Capital Appreciation Fund Class A	6.47%	7.07%	10.79%	0.53%	6.06%	16.17%	4.97%	9.24%	19.02%	14.85%	0.41%	9.39%
TVRIX Guggenheim Directional Allocation Fund	8.64%	9.64%	0.00%	2.03%	0.71%	14.34%	0.30%	16.62%	14.33%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ITHAX and TVRIX in my portfolio?

With a correlation of 0.96, ITHAX and TVRIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ITHAX or TVRIX?

TVRIX has higher volatility (3.27%) compared to ITHAX (2.93%). In terms of maximum drawdown, ITHAX dropped -63.22% vs TVRIX's -39.36%.

Which has better risk-adjusted returns?

TVRIX currently has the higher Sharpe Ratio (2.59 vs 1.86), 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.