PWDIX vs. MOJOX
PWDIX (Donoghue Forlines Dividend Fund) and MOJOX (Donoghue Forlines Momentum Fund) are both Tactical Allocation funds from Donoghue Forlines. Over the past 5 years, PWDIX returned 8.60%/yr vs 13.56%/yr for MOJOX. Their 0.59 correlation means they have sometimes moved together and sometimes differently. PWDIX charges 1.56%/yr vs 2.00%/yr for MOJOX.
Performance
PWDIX vs. MOJOX - Performance Comparison
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Returns By Period
In the year-to-date period, PWDIX achieves a 18.09% return, which is significantly lower than MOJOX's 33.55% return.
PWDIX
- 1D
- -0.88%
- 1M
- 3.24%
- 6M
- 11.32%
- YTD
- 18.09%
- 1Y
- 28.79%
- 3Y*
- 15.77%
- 5Y*
- 8.60%
- 10Y*
- 5.84%
- ALL TIME*
- 6.21%
MOJOX
- 1D
- 3.86%
- 1M
- -3.13%
- 6M
- 20.45%
- YTD
- 33.55%
- 1Y
- 47.50%
- 3Y*
- 28.30%
- 5Y*
- 13.56%
- 10Y*
- —
- ALL TIME*
- 11.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PWDIX vs. MOJOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PWDIX Donoghue Forlines Dividend Fund | 18.09% | 17.73% | 12.33% | -0.18% | -9.83% | 31.54% | -6.54% | -2.84% | -7.97% | 11.41% |
MOJOX Donoghue Forlines Momentum Fund | 33.55% | 22.91% | 22.29% | 19.10% | -22.78% | 28.86% | -1.95% | 8.66% | -3.03% | 14.80% |
Correlation
The correlation between PWDIX and MOJOX is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.50 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.59 |
Over the past year, the correlation between PWDIX and MOJOX has dropped to 0.27 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
PWDIX vs. MOJOX — Risk / Return Rank
PWDIX
MOJOX
PWDIX vs. MOJOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Donoghue Forlines Dividend Fund (PWDIX) and Donoghue Forlines Momentum Fund (MOJOX). 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.
| PWDIX | MOJOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.35 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.96 | 4.52 | +0.44 |
| Martin ratioReturn relative to average drawdown | 15.44 | 17.84 | -2.40 |
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Drawdowns
PWDIX vs. MOJOX - Drawdown Comparison
The maximum PWDIX drawdown since its inception was -40.86%, which is greater than MOJOX's maximum drawdown of -28.85%. Use the drawdown chart below to compare losses from any high point for PWDIX and MOJOX.
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Drawdown Indicators
| PWDIX | MOJOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.86% | -28.85% | -12.01% |
Max Drawdown (1Y)Largest decline over 1 year | -5.44% | -10.34% | +4.90% |
Max Drawdown (3Y)Largest decline over 3 years | -16.86% | -22.50% | +5.64% |
Max Drawdown (5Y)Largest decline over 5 years | -21.29% | -25.32% | +4.03% |
Max Drawdown (10Y)Largest decline over 10 years | -40.86% | — | — |
Current DrawdownCurrent decline from peak | -1.11% | -6.88% | +5.77% |
Average DrawdownAverage peak-to-trough decline | -8.43% | -7.76% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 2.61% | -0.86% |
Volatility
PWDIX vs. MOJOX - Volatility Comparison
The current volatility for Donoghue Forlines Dividend Fund (PWDIX) is 3.79%, while Donoghue Forlines Momentum Fund (MOJOX) has a volatility of 8.18%. This indicates that PWDIX experiences smaller price fluctuations and is considered to be less risky than MOJOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PWDIX | MOJOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.79% | 8.18% | -4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 8.15% | 18.64% | -10.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.43% | 22.36% | -10.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.09% | 18.09% | -4.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.42% | 16.40% | -1.98% |
PWDIX vs. MOJOX - Expense Ratio Comparison
PWDIX has a 1.56% expense ratio, which is lower than MOJOX's 2.00% expense ratio.
Dividends
PWDIX vs. MOJOX - Dividend Comparison
PWDIX's dividend yield for the trailing twelve months is around 1.84%, less than MOJOX's 20.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MOJOX Donoghue Forlines Momentum Fund | 20.09% | 26.83% | 2.13% | 0.00% | 0.00% | 0.00% | 0.00% | 5.49% | 5.78% | 4.75% | 0.00% | 0.00% |
PWDIX Donoghue Forlines Dividend Fund | 1.84% | 1.22% | 2.16% | 1.75% | 1.29% | 2.31% | 3.66% | 3.10% | 30.58% | 3.25% | 1.45% | 3.55% |
Frequently Asked Questions
PWDIX and MOJOX have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MOJOX has higher volatility (8.18%) compared to PWDIX (3.79%). In terms of maximum drawdown, PWDIX dropped -40.86% vs MOJOX's -28.85%.
PWDIX currently has the higher Sharpe Ratio (2.37 vs 2.09), 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.
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