PWLIX vs. TTDAX

Last updated Jun 5, 2026

PWLIX (PIMCO RAE Worldwide Long/Short PLUS Fund) and TTDAX (Toews Tactical Defensive Alpha Fund) are both Long-Short funds. At a 0.27 correlation, their price movements are largely independent. PWLIX charges 1.19%/yr vs 1.25%/yr for TTDAX.

Performance

PWLIX vs. TTDAX - Performance Comparison

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

Returns By Period

PWLIX

• 1D: -0.14%
• 1M: -2.79%
• YTD: -0.54%
• 6M: -1.48%
• 1Y: -0.06%
• 3Y*: 4.62%
• 5Y*: 4.29%
• 10Y*: 4.59%

TTDAX

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

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

PWLIX vs. TTDAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PWLIX PIMCO RAE Worldwide Long/Short PLUS Fund	-0.54%	4.64%	4.65%	4.04%	4.33%	15.15%	-12.66%	9.60%	0.49%	11.69%
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 PWLIX and TTDAX is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.27

The correlation between PWLIX and TTDAX shifts across timeframes, from -0.06 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PWLIX vs. TTDAX — Risk / Return Rank

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

PWLIX

PWLIX Risk / Return Rank: 3
PWLIX Sharpe Ratio Rank: 3
PWLIX Sortino Ratio Rank: 3
PWLIX Omega Ratio Rank: 3
PWLIX Calmar Ratio Rank: 3
PWLIX Martin Ratio Rank: 3

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.

PWLIX vs. TTDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO RAE Worldwide Long/Short PLUS Fund (PWLIX) 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.

	PWLIX	TTDAX	Difference
Sharpe ratio: Return per unit of total volatility	-0.04	—	—
Sortino ratio: Return per unit of downside risk	0.01	—	—
Omega ratio: Gain probability vs. loss probability	1.00	—	—
Calmar ratio: Return relative to maximum drawdown	-0.03	—	—
Martin ratio: Return relative to average drawdown	-0.10	—	—
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

	PWLIX	TTDAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.04	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	—	—

Drawdowns

Drawdown Indicators

	PWLIX	TTDAX	Difference
Max Drawdown Largest peak-to-trough decline	-26.92%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.43%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-11.74%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-11.74%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-26.92%	—	—
Current Drawdown Current decline from peak	-9.18%	—	—
Average Drawdown Average peak-to-trough decline	-4.18%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	—	—

Volatility

Volatility by Period

	PWLIX	TTDAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.55%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.43%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.95%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.00%	—	—

PWLIX vs. TTDAX - Expense Ratio Comparison

PWLIX has a 1.19% expense ratio, which is lower than TTDAX's 1.25% expense ratio.

Dividends

PWLIX vs. TTDAX - Dividend Comparison

PWLIX's dividend yield for the trailing twelve months is around 6.68%, more than TTDAX's 2.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PWLIX PIMCO RAE Worldwide Long/Short PLUS Fund	6.68%	6.65%	4.75%	5.51%	14.75%	11.99%	7.31%	6.79%	0.39%	10.82%	4.16%	3.61%
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 PWLIX and TTDAX in my portfolio?

PWLIX and TTDAX have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.