SIRIX vs. GTAIX

Last updated Jun 24, 2026

SIRIX (Sierra Tactical All Asset Fund) and GTAIX (Donoghue Forlines Tactical Allocation Fund) are both Tactical Allocation funds. Over the past 5 years, SIRIX returned 1.88%/yr vs 7.31%/yr for GTAIX. A 0.71 correlation means they provide meaningful diversification when combined. SIRIX charges 1.70%/yr vs 1.20%/yr for GTAIX.

Performance

SIRIX vs. GTAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sierra Tactical All Asset Fund (SIRIX) and Donoghue Forlines Tactical Allocation Fund (GTAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SIRIX achieves a 5.10% return, which is significantly lower than GTAIX's 14.77% return.

SIRIX

• 1D: 0.04%
• 1M: 1.15%
• YTD: 5.10%
• 6M: 4.74%
• 1Y: 12.14%
• 3Y*: 6.31%
• 5Y*: 1.88%
• 10Y*: 2.77%

GTAIX

• 1D: 0.38%
• 1M: 2.98%
• YTD: 14.77%
• 6M: 14.11%
• 1Y: 24.03%
• 3Y*: 15.65%
• 5Y*: 7.31%
• 10Y*: —

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

SIRIX vs. GTAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SIRIX Sierra Tactical All Asset Fund	5.10%	4.74%	4.90%	4.17%	-6.82%	0.48%	4.81%	7.71%	-3.22%
GTAIX Donoghue Forlines Tactical Allocation Fund	14.77%	13.49%	8.39%	15.59%	-14.49%	9.25%	-0.10%	16.08%	-8.93%

Correlation

The correlation between SIRIX and GTAIX is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Apr 6, 2018	0.71

The correlation between SIRIX and GTAIX shifts across timeframes, from 0.71 (all time) to 0.85 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SIRIX vs. GTAIX — Risk / Return Rank

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

SIRIX

SIRIX Risk / Return Rank: 45
SIRIX Sharpe Ratio Rank: 47
SIRIX Sortino Ratio Rank: 44
SIRIX Omega Ratio Rank: 50
SIRIX Calmar Ratio Rank: 42
SIRIX Martin Ratio Rank: 43

GTAIX

GTAIX Risk / Return Rank: 92
GTAIX Sharpe Ratio Rank: 92
GTAIX Sortino Ratio Rank: 90
GTAIX Omega Ratio Rank: 86
GTAIX Calmar Ratio Rank: 95
GTAIX Martin Ratio Rank: 96

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.

SIRIX vs. GTAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sierra Tactical All Asset Fund (SIRIX) and Donoghue Forlines Tactical Allocation Fund (GTAIX). 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.

	SIRIX	GTAIX	Difference
Sharpe ratio: Return per unit of total volatility	1.87	2.86	-0.99
Sortino ratio: Return per unit of downside risk	2.57	4.10	-1.53
Omega ratio: Gain probability vs. loss probability	1.36	1.55	-0.19
Calmar ratio: Return relative to maximum drawdown	2.34	5.45	-3.11
Martin ratio: Return relative to average drawdown	8.55	22.76	-14.22

SIRIX vs. GTAIX - Sharpe Ratio Comparison

The current SIRIX Sharpe Ratio is 1.87, which is lower than the GTAIX Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of SIRIX and GTAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SIRIX vs. GTAIX - Drawdown Comparison

The maximum SIRIX drawdown since its inception was -11.31%, smaller than the maximum GTAIX drawdown of -24.25%. Use the drawdown chart below to compare losses from any high point for SIRIX and GTAIX.

Drawdown Indicators

	SIRIX	GTAIX	Difference
Max Drawdown Largest peak-to-trough decline	-11.31%	-24.25%	+12.94%
Max Drawdown (1Y) Largest decline over 1 year	-5.42%	-4.51%	-0.91%
Max Drawdown (3Y) Largest decline over 3 years	-7.99%	-11.89%	+3.90%
Max Drawdown (5Y) Largest decline over 5 years	-11.30%	-19.43%	+8.13%
Max Drawdown (10Y) Largest decline over 10 years	-11.31%	—	—
Current Drawdown Current decline from peak	-0.50%	-0.08%	-0.42%
Average Drawdown Average peak-to-trough decline	-2.43%	-4.79%	+2.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.47%	1.08%	+0.39%

Volatility

SIRIX vs. GTAIX - Volatility Comparison

Sierra Tactical All Asset Fund (SIRIX) and Donoghue Forlines Tactical Allocation Fund (GTAIX) have volatilities of 3.36% and 3.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIRIX	GTAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	3.35%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	5.81%	7.24%	-1.43%
Volatility (1Y) Calculated over the trailing 1-year period	6.78%	8.61%	-1.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.34%	10.79%	-5.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.21%	11.51%	-7.30%

SIRIX vs. GTAIX - Expense Ratio Comparison

SIRIX has a 1.70% expense ratio, which is higher than GTAIX's 1.20% expense ratio.

Dividends

SIRIX vs. GTAIX - Dividend Comparison

SIRIX's dividend yield for the trailing twelve months is around 2.59%, less than GTAIX's 4.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GTAIX Donoghue Forlines Tactical Allocation Fund	4.81%	5.82%	3.38%	2.69%	1.65%	2.35%	0.82%	1.77%	1.92%	0.00%	0.00%	0.00%
SIRIX Sierra Tactical All Asset Fund	2.59%	2.65%	2.88%	2.71%	1.59%	2.52%	1.37%	2.51%	2.23%	2.41%	2.15%	2.53%

Frequently Asked Questions

Can I hold both SIRIX and GTAIX in my portfolio?

SIRIX and GTAIX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SIRIX or GTAIX?

SIRIX has higher volatility (3.36%) compared to GTAIX (3.35%). In terms of maximum drawdown, SIRIX dropped -11.31% vs GTAIX's -24.25%.

Which has better risk-adjusted returns?

GTAIX currently has the higher Sharpe Ratio (2.86 vs 1.87), 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.