NCEGX vs. TVRIX

Last updated Jun 4, 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 15.13%/yr vs 10.27%/yr for TVRIX. Their correlation of 0.88 suggests significant overlap in exposure. 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 5.49% return, which is significantly lower than TVRIX's 12.11% return. Over the past 10 years, NCEGX has outperformed TVRIX with an annualized return of 15.13%, while TVRIX has yielded a comparatively lower 10.27% annualized return.

NCEGX

• 1D: -0.33%
• 1M: 3.87%
• YTD: 5.49%
• 6M: 5.35%
• 1Y: 20.47%
• 3Y*: 19.70%
• 5Y*: 11.21%
• 10Y*: 15.13%

TVRIX

• 1D: 0.45%
• 1M: 7.76%
• YTD: 12.11%
• 6M: 12.09%
• 1Y: 26.74%
• 3Y*: 14.67%
• 5Y*: 7.68%
• 10Y*: 10.27%

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

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	5.49%	13.28%	27.49%	24.09%	-20.58%	23.09%	24.54%	39.61%	-3.52%	23.81%
TVRIX Guggenheim Directional Allocation Fund	12.11%	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 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jun 19, 2012	0.88

The correlation between NCEGX and TVRIX shifts across timeframes, from 0.81 (5 years) to 0.93 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

NCEGX vs. TVRIX — Risk / Return Rank

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

NCEGX

NCEGX Risk / Return Rank: 30
NCEGX Sharpe Ratio Rank: 34
NCEGX Sortino Ratio Rank: 31
NCEGX Omega Ratio Rank: 32
NCEGX Calmar Ratio Rank: 24
NCEGX Martin Ratio Rank: 32

TVRIX

TVRIX Risk / Return Rank: 77
TVRIX Sharpe Ratio Rank: 84
TVRIX Sortino Ratio Rank: 79
TVRIX Omega Ratio Rank: 75
TVRIX Calmar Ratio Rank: 69
TVRIX Martin Ratio Rank: 79

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.

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.

	NCEGX	TVRIX	Difference
Sharpe ratio: Return per unit of total volatility	1.67	2.71	-1.04
Sortino ratio: Return per unit of downside risk	2.34	3.75	-1.42
Omega ratio: Gain probability vs. loss probability	1.30	1.49	-0.19
Calmar ratio: Return relative to maximum drawdown	1.79	3.23	-1.44
Martin ratio: Return relative to average drawdown	7.22	14.83	-7.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NCEGX vs. TVRIX - Sharpe Ratio Comparison

The current NCEGX Sharpe Ratio is 1.67, which is lower than the TVRIX Sharpe Ratio of 2.71. 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.

Sharpe Ratios by Period

	NCEGX	TVRIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.67	2.71	-1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.53	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.58	+0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.62	-0.17

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	-0.33%	0.00%	-0.33%
Average Drawdown Average peak-to-trough decline	-9.86%	-6.05%	-3.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	1.84%	+1.08%

Volatility

NCEGX vs. TVRIX - Volatility Comparison

The current volatility for The North Country Large Cap Equity Fund (NCEGX) is 3.01%, while Guggenheim Directional Allocation Fund (TVRIX) has a volatility of 3.19%. This indicates that NCEGX 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

	NCEGX	TVRIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	3.19%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	9.88%	7.90%	+1.98%
Volatility (1Y) Calculated over the trailing 1-year period	12.65%	10.07%	+2.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.91%	14.43%	+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 2.68%, less than TVRIX's 8.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NCEGX The North Country Large Cap Equity Fund	2.68%	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	8.60%	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?

With a correlation of 0.93, NCEGX 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, NCEGX or TVRIX?

TVRIX has higher volatility (3.19%) compared to NCEGX (3.01%). 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 (2.71 vs 1.67), 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.