LSEIX vs. TTDAX

Last updated Jun 5, 2026

LSEIX (Persimmon Long/Short Fund) and TTDAX (Toews Tactical Defensive Alpha Fund) are both Long-Short funds. Their correlation of 0.82 suggests significant overlap in exposure. LSEIX charges 1.91%/yr vs 1.25%/yr for TTDAX.

Performance

LSEIX vs. TTDAX - Performance Comparison

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

Returns By Period

LSEIX

• 1D: 0.22%
• 1M: 1.37%
• YTD: 6.52%
• 6M: 6.58%
• 1Y: 20.48%
• 3Y*: 16.01%
• 5Y*: 9.52%
• 10Y*: 7.11%

TTDAX

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

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

LSEIX vs. TTDAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LSEIX Persimmon Long/Short Fund	6.52%	12.02%	17.36%	15.70%	-9.95%	14.67%	8.13%	5.28%	-6.10%	13.17%
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 LSEIX and TTDAX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.82

The correlation between LSEIX and TTDAX has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.

Return for Risk

LSEIX vs. TTDAX — Risk / Return Rank

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

LSEIX

LSEIX Risk / Return Rank: 78
LSEIX Sharpe Ratio Rank: 69
LSEIX Sortino Ratio Rank: 64
LSEIX Omega Ratio Rank: 67
LSEIX Calmar Ratio Rank: 94
LSEIX Martin Ratio Rank: 94

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.

LSEIX vs. TTDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Persimmon Long/Short Fund (LSEIX) 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.

	LSEIX	TTDAX	Difference
Sharpe ratio: Return per unit of total volatility	2.38	—	—
Sortino ratio: Return per unit of downside risk	3.29	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	5.29	—	—
Martin ratio: Return relative to average drawdown	20.65	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	LSEIX	TTDAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.38	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	—	—

Drawdowns

Drawdown Indicators

	LSEIX	TTDAX	Difference
Max Drawdown Largest peak-to-trough decline	-19.92%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-3.90%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.63%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.63%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-19.92%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-4.05%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	—	—

Volatility

Volatility by Period

	LSEIX	TTDAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.57%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.67%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.89%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.66%	—	—

LSEIX vs. TTDAX - Expense Ratio Comparison

LSEIX has a 1.91% expense ratio, which is higher than TTDAX's 1.25% expense ratio.

Dividends

LSEIX vs. TTDAX - Dividend Comparison

LSEIX has not paid dividends to shareholders, while TTDAX's dividend yield for the trailing twelve months is around 2.20%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LSEIX Persimmon Long/Short Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.23%	3.49%	6.18%	0.00%	4.88%
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 LSEIX and TTDAX in my portfolio?

With a correlation of 0.91, LSEIX and TTDAX 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.