NCEGX vs. TVRIX

Last updated Aug 1, 2026

NCEGX (The North Country Large Cap Equity Fund) and TVRIX (Guggenheim Directional Allocation Fund) are both Large Cap Growth Equities funds. Over the past 10 years, NCEGX returned 14.65%/yr vs 9.60%/yr for TVRIX. Their correlation of 0.87 means they have usually moved in the same direction. NCEGX charges 0.99%/yr vs 1.09%/yr for TVRIX.

Performance

NCEGX vs. TVRIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The North Country Large Cap Equity Fund (NCEGX) 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, NCEGX achieves a 4.06% return, which is significantly lower than TVRIX's 8.52% return. Over the past 10 years, NCEGX has outperformed TVRIX with an annualized return of 14.65%, while TVRIX has yielded a comparatively lower 9.60% annualized return.

NCEGX

• 1D: 1.60%
• 1M: -0.04%
• 6M: 3.84%
• YTD: 4.06%
• 1Y: 12.68%
• 3Y*: 16.39%
• 5Y*: 9.64%
• 10Y*: 14.65%
• ALL TIME*: 8.22%

TVRIX

• 1D: 1.87%
• 1M: -1.11%
• 6M: 7.80%
• YTD: 8.52%
• 1Y: 18.61%
• 3Y*: 12.34%
• 5Y*: 5.88%
• 10Y*: 9.60%
• ALL TIME*: 10.08%

*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)
NCEGX The North Country Large Cap Equity Fund	$0.00	$0.00	$0.00
TVRIX Guggenheim Directional Allocation Fund	$0.00	$0.00	$0.00

NCEGX vs. TVRIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NCEGX The North Country Large Cap Equity Fund	4.06%	13.28%	27.49%	24.09%	-20.58%	23.09%	24.54%	39.61%	-3.52%	23.81%
TVRIX Guggenheim Directional Allocation Fund	8.52%	13.83%	7.87%	11.00%	-17.53%	27.30%	5.08%	30.45%	-7.53%	23.45%

Correlation

The correlation between NCEGX and TVRIX is 0.86, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.86
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.80
Correlation (10Y) Provides a long-term view across more market conditions.	0.86
Correlation (All Time) Calculated using the full available price history since Jun 18, 2012	0.87

The correlation between NCEGX and TVRIX shifts across timeframes, from 0.80 (5 years) to 0.92 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

NCEGX vs. TVRIX — Risk / Return Rank

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

NCEGX

NCEGX Risk / Return Rank: 20
NCEGX Sharpe Ratio Rank: 20
NCEGX Sortino Ratio Rank: 19
NCEGX Omega Ratio Rank: 19
NCEGX Calmar Ratio Rank: 17
NCEGX Martin Ratio Rank: 23

TVRIX

TVRIX Risk / Return Rank: 57
TVRIX Sharpe Ratio Rank: 57
TVRIX Sortino Ratio Rank: 54
TVRIX Omega Ratio Rank: 54
TVRIX Calmar Ratio Rank: 56
TVRIX Martin Ratio Rank: 64

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.

NCEGX vs. TVRIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The North Country Large Cap Equity Fund (NCEGX) 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.

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.

	NCEGX	TVRIX	Difference
Sharpe ratio: Return per unit of total volatility	0.78	1.43	-0.66
Sortino ratio: Return per unit of downside risk	1.14	2.01	-0.87
Omega ratio: Gain probability vs. loss probability	1.14	1.26	-0.11
Calmar ratio: Return relative to maximum drawdown	0.90	1.99	-1.09
Martin ratio: Return relative to average drawdown	3.43	8.08	-4.65

NCEGX vs. TVRIX - Sharpe Ratio Comparison

The current NCEGX Sharpe Ratio is 0.78, which is lower than the TVRIX Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of NCEGX 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.

Drawdowns

NCEGX vs. TVRIX - Drawdown Comparison

The maximum NCEGX drawdown since its inception was -52.03%, which is greater than TVRIX's maximum drawdown of -39.36%. Use the drawdown chart below to compare losses from any high point for NCEGX and TVRIX.

Drawdown Indicators

	NCEGX	TVRIX	Difference
Max Drawdown Largest peak-to-trough decline	-52.03%	-39.36%	-12.67%
Max Drawdown (1Y) Largest decline over 1 year	-11.84%	-8.45%	-3.39%
Max Drawdown (3Y) Largest decline over 3 years	-27.93%	-24.87%	-3.06%
Max Drawdown (5Y) Largest decline over 5 years	-27.93%	-24.87%	-3.06%
Max Drawdown (10Y) Largest decline over 10 years	-29.26%	-39.36%	+10.10%
Current Drawdown Current decline from peak	-2.15%	-3.21%	+1.06%
Average Drawdown Average peak-to-trough decline	-9.81%	-6.01%	-3.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	2.08%	+1.00%

Volatility

NCEGX vs. TVRIX - Volatility Comparison

The North Country Large Cap Equity Fund (NCEGX) has a higher volatility of 3.92% compared to Guggenheim Directional Allocation Fund (TVRIX) at 3.68%. This indicates that NCEGX's price experiences larger fluctuations and is considered to be riskier than TVRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NCEGX	TVRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	3.68%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	10.96%	9.72%	+1.24%
Volatility (1Y) Calculated over the trailing 1-year period	13.67%	11.74%	+1.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.05%	14.57%	+3.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.64%	17.82%	+0.82%

NCEGX vs. TVRIX - Expense Ratio Comparison

NCEGX has a 0.99% expense ratio, which is lower than TVRIX's 1.09% expense ratio.

Dividends

NCEGX vs. TVRIX - Dividend Comparison

NCEGX's dividend yield for the trailing twelve months is around 2.72%, less than TVRIX's 8.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NCEGX The North Country Large Cap Equity Fund	2.72%	2.83%	12.48%	16.29%	12.98%	8.43%	11.16%	13.66%	8.04%	6.79%	2.11%	5.39%
TVRIX Guggenheim Directional Allocation Fund	8.88%	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 NCEGX and TVRIX in my portfolio?

NCEGX and TVRIX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NCEGX or TVRIX?

NCEGX has higher volatility (3.92%) compared to TVRIX (3.68%). In terms of maximum drawdown, NCEGX dropped -52.03% vs TVRIX's -39.36%.

Which has better risk-adjusted returns?

TVRIX currently has the higher Sharpe Ratio (1.43 vs 0.78), 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.