SAPEX vs. QTSSX

Last updated Apr 1, 2026

Compare and contrast key facts about Spectrum Active Advantage Fund (SAPEX) and Quantified Tactical Sectors Fund (QTSSX).

SAPEX is managed by Advisors Preferred. It was launched on May 31, 2015. QTSSX is managed by Advisors Preferred. It was launched on Mar 3, 2021.

Performance

SAPEX vs. QTSSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Spectrum Active Advantage Fund (SAPEX) and Quantified Tactical Sectors Fund (QTSSX). The values are adjusted to include any dividend payments, if applicable.

SAPEX vs. QTSSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SAPEX Spectrum Active Advantage Fund	-5.79%	15.25%	5.25%	12.11%	-38.08%	15.31%
QTSSX Quantified Tactical Sectors Fund	-6.08%	4.10%	13.88%	13.97%	-27.55%	-16.61%

Returns By Period

In the year-to-date period, SAPEX achieves a -5.79% return, which is significantly higher than QTSSX's -6.08% return.

SAPEX

• 1D: -0.16%
• 1M: -5.88%
• YTD: -5.79%
• 6M: -2.64%
• 1Y: 10.17%
• 3Y*: 8.47%
• 5Y*: -1.99%
• 10Y*: 4.59%

QTSSX

• 1D: -0.86%
• 1M: -8.31%
• YTD: -6.08%
• 6M: -8.03%
• 1Y: 10.45%
• 3Y*: 8.76%
• 5Y*: -5.29%
• 10Y*: —

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

SAPEX vs. QTSSX - Expense Ratio Comparison

SAPEX has a 1.69% expense ratio, which is higher than QTSSX's 1.56% expense ratio.

SAPEX

Spectrum Active Advantage Fund

QTSSX

Quantified Tactical Sectors Fund

Return for Risk

SAPEX vs. QTSSX — Risk / Return Rank

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

SAPEX

SAPEX Risk / Return Rank: 48
SAPEX Sharpe Ratio Rank: 52
SAPEX Sortino Ratio Rank: 48
SAPEX Omega Ratio Rank: 46
SAPEX Calmar Ratio Rank: 51
SAPEX Martin Ratio Rank: 40

QTSSX

QTSSX Risk / Return Rank: 23
QTSSX Sharpe Ratio Rank: 20
QTSSX Sortino Ratio Rank: 19
QTSSX Omega Ratio Rank: 18
QTSSX Calmar Ratio Rank: 34
QTSSX Martin Ratio Rank: 21

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.

SAPEX vs. QTSSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Spectrum Active Advantage Fund (SAPEX) and Quantified Tactical Sectors Fund (QTSSX). 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.

	SAPEX	QTSSX	Difference
Sharpe ratio Return per unit of total volatility	0.99	0.55	+0.44
Sortino ratio Return per unit of downside risk	1.38	0.87	+0.51
Omega ratio Gain probability vs. loss probability	1.19	1.12	+0.08
Calmar ratio Return relative to maximum drawdown	1.24	0.95	+0.28
Martin ratio Return relative to average drawdown	4.20	2.32	+1.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SAPEX vs. QTSSX - Sharpe Ratio Comparison

The current SAPEX Sharpe Ratio is 0.99, which is higher than the QTSSX Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of SAPEX and QTSSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SAPEX	QTSSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	0.55	+0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	-0.23	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	-0.22	+0.51

Correlation

The correlation between SAPEX and QTSSX is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SAPEX vs. QTSSX - Dividend Comparison

SAPEX's dividend yield for the trailing twelve months is around 5.07%, more than QTSSX's 0.48% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SAPEX Spectrum Active Advantage Fund	5.07%	4.77%	2.23%	0.88%	0.00%	33.33%	1.43%	0.74%	3.09%	4.26%	0.17%
QTSSX Quantified Tactical Sectors Fund	0.48%	0.45%	0.00%	6.30%	0.19%	3.11%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

SAPEX vs. QTSSX - Drawdown Comparison

The maximum SAPEX drawdown since its inception was -40.48%, smaller than the maximum QTSSX drawdown of -52.27%. Use the drawdown chart below to compare losses from any high point for SAPEX and QTSSX.

Drawdown Indicators

	SAPEX	QTSSX	Difference
Max Drawdown Largest peak-to-trough decline	-40.48%	-52.27%	+11.79%
Max Drawdown (1Y) Largest decline over 1 year	-7.62%	-11.53%	+3.91%
Max Drawdown (5Y) Largest decline over 5 years	-40.48%	-52.27%	+11.79%
Max Drawdown (10Y) Largest decline over 10 years	-40.48%	—	—
Current Drawdown Current decline from peak	-22.31%	-34.86%	+12.55%
Average Drawdown Average peak-to-trough decline	-14.52%	-36.19%	+21.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	4.74%	-2.49%

Volatility

SAPEX vs. QTSSX - Volatility Comparison

The current volatility for Spectrum Active Advantage Fund (SAPEX) is 3.32%, while Quantified Tactical Sectors Fund (QTSSX) has a volatility of 5.60%. This indicates that SAPEX experiences smaller price fluctuations and is considered to be less risky than QTSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SAPEX	QTSSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	5.60%	-2.28%
Volatility (6M) Calculated over the trailing 6-month period	7.72%	15.05%	-7.33%
Volatility (1Y) Calculated over the trailing 1-year period	10.76%	20.59%	-9.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.62%	23.37%	-8.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.75%	23.64%	-6.89%