SEQAX vs. TVRIX
SEQAX (Guggenheim World Equity Income Fund) and TVRIX (Guggenheim Directional Allocation Fund) are both mutual funds - SEQAX is a Dividend fund managed by Guggenheim, while TVRIX is a Large Cap Growth Equities fund managed by Guggenheim. Over the past 10 years, SEQAX returned 9.44%/yr vs 9.60%/yr for TVRIX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. SEQAX charges 1.20%/yr vs 1.09%/yr for TVRIX.
Performance
SEQAX vs. TVRIX - Performance Comparison
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Returns By Period
In the year-to-date period, SEQAX achieves a 14.10% return, which is significantly higher than TVRIX's 8.52% return. Both investments have delivered pretty close results over the past 10 years, with SEQAX having a 9.44% annualized return and TVRIX not far ahead at 9.60%.
SEQAX
- 1D
- 1.15%
- 1M
- 2.87%
- 6M
- 9.90%
- YTD
- 14.10%
- 1Y
- 28.89%
- 3Y*
- 14.89%
- 5Y*
- 9.29%
- 10Y*
- 9.44%
- ALL TIME*
- 7.73%
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%
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 |
SEQAX vs. TVRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SEQAX Guggenheim World Equity Income Fund | 14.10% | 22.37% | 5.57% | 12.10% | -9.30% | 21.30% | 6.14% | 21.02% | -8.68% | 14.70% |
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 SEQAX and TVRIX is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2012 | 0.77 |
The correlation between SEQAX and TVRIX has been stable across timeframes, ranging from 0.71 to 0.81 - a consistent structural relationship.
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Return for Risk
SEQAX vs. TVRIX — Risk / Return Rank
SEQAX
TVRIX
SEQAX vs. TVRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim World Equity Income Fund (SEQAX) 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.
| SEQAX | TVRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.26 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | 1.99 | +1.28 |
| Martin ratioReturn relative to average drawdown | 12.98 | 8.08 | +4.90 |
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Drawdowns
SEQAX vs. TVRIX - Drawdown Comparison
The maximum SEQAX drawdown since its inception was -52.69%, which is greater than TVRIX's maximum drawdown of -39.36%. Use the drawdown chart below to compare losses from any high point for SEQAX and TVRIX.
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Drawdown Indicators
| SEQAX | TVRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.69% | -39.36% | -13.33% |
Max Drawdown (1Y)Largest decline over 1 year | -8.39% | -8.45% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -18.63% | -24.87% | +6.24% |
Max Drawdown (5Y)Largest decline over 5 years | -20.03% | -24.87% | +4.84% |
Max Drawdown (10Y)Largest decline over 10 years | -35.29% | -39.36% | +4.07% |
Current DrawdownCurrent decline from peak | 0.00% | -3.21% | +3.21% |
Average DrawdownAverage peak-to-trough decline | -10.97% | -6.01% | -4.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 2.08% | +0.03% |
Volatility
SEQAX vs. TVRIX - Volatility Comparison
The current volatility for Guggenheim World Equity Income Fund (SEQAX) is 2.76%, while Guggenheim Directional Allocation Fund (TVRIX) has a volatility of 3.68%. This indicates that SEQAX 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.
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Volatility by Period
| SEQAX | TVRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.76% | 3.68% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 8.77% | 9.72% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.08% | 11.74% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.51% | 14.57% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.89% | 17.82% | -2.93% |
SEQAX vs. TVRIX - Expense Ratio Comparison
SEQAX has a 1.20% expense ratio, which is higher than TVRIX's 1.09% expense ratio.
Dividends
SEQAX vs. TVRIX - Dividend Comparison
SEQAX's dividend yield for the trailing twelve months is around 12.85%, more than TVRIX's 8.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SEQAX Guggenheim World Equity Income Fund | 12.85% | 14.91% | 1.34% | 1.82% | 2.16% | 29.17% | 1.69% | 2.45% | 3.24% | 2.18% | 2.32% | 2.28% |
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
SEQAX and TVRIX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TVRIX has higher volatility (3.68%) compared to SEQAX (2.76%). In terms of maximum drawdown, SEQAX dropped -52.69% vs TVRIX's -39.36%.
SEQAX currently has the higher Sharpe Ratio (2.47 vs 1.43), 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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