SNOIX vs. TTDAX

Last updated Jun 23, 2026

SNOIX (Easterly Snow Capital Long/Short Opportunity Fund) and TTDAX (Toews Tactical Defensive Alpha Fund) are both Long-Short funds. A 0.73 correlation means they provide meaningful diversification when combined. SNOIX charges 1.41%/yr vs 1.25%/yr for TTDAX.

Performance

SNOIX vs. TTDAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Easterly Snow Capital Long/Short Opportunity Fund (SNOIX) and Toews Tactical Defensive Alpha Fund (TTDAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SNOIX

• 1D: -0.38%
• 1M: -1.86%
• YTD: 7.40%
• 6M: 6.39%
• 1Y: 23.16%
• 3Y*: 13.43%
• 5Y*: 9.25%
• 10Y*: 10.28%

TTDAX

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

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

SNOIX vs. TTDAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SNOIX Easterly Snow Capital Long/Short Opportunity Fund	7.40%	20.66%	5.17%	10.84%	-3.10%	26.26%	1.44%	22.44%	-11.25%	12.80%
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 SNOIX and TTDAX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.73

Over the past year, the correlation between SNOIX and TTDAX has dropped to 0.49 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

Return for Risk

SNOIX vs. TTDAX — Risk / Return Rank

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

SNOIX

SNOIX Risk / Return Rank: 69
SNOIX Sharpe Ratio Rank: 53
SNOIX Sortino Ratio Rank: 59
SNOIX Omega Ratio Rank: 48
SNOIX Calmar Ratio Rank: 95
SNOIX Martin Ratio Rank: 91

TTDAX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

SNOIX vs. TTDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Easterly Snow Capital Long/Short Opportunity Fund (SNOIX) 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.

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.

	SNOIX	TTDAX	Difference
Sharpe ratio: Return per unit of total volatility	1.98	—	—
Sortino ratio: Return per unit of downside risk	2.94	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	5.22	—	—
Martin ratio: Return relative to average drawdown	17.00	—	—

Drawdowns

Drawdown Indicators

	SNOIX	TTDAX	Difference
Max Drawdown Largest peak-to-trough decline	-65.34%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-4.50%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.33%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.66%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.43%	—	—
Current Drawdown Current decline from peak	-2.78%	—	—
Average Drawdown Average peak-to-trough decline	-9.75%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.38%	—	—

Volatility

Volatility by Period

	SNOIX	TTDAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.84%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.03%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.50%	—	—

SNOIX vs. TTDAX - Expense Ratio Comparison

SNOIX has a 1.41% expense ratio, which is higher than TTDAX's 1.25% expense ratio.

Dividends

SNOIX vs. TTDAX - Dividend Comparison

SNOIX's dividend yield for the trailing twelve months is around 6.44%, more than TTDAX's 2.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SNOIX Easterly Snow Capital Long/Short Opportunity Fund	6.44%	6.91%	5.10%	2.29%	7.07%	8.98%	1.86%	1.95%	2.06%	4.80%	0.36%	2.79%
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 SNOIX and TTDAX in my portfolio?

SNOIX and TTDAX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.