SSIIX vs. TUIFX
SSIIX (Sierra Tactical Core Income Fund) and TUIFX (Toews Unconstrained Income Fund) are both Nontraditional Bonds funds. Over the past 10 years, SSIIX returned 2.37%/yr vs 1.87%/yr for TUIFX. A 0.60 correlation means they provide meaningful diversification when combined. SSIIX charges 1.35%/yr vs 1.25%/yr for TUIFX.
Performance
SSIIX vs. TUIFX - Performance Comparison
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Returns By Period
In the year-to-date period, SSIIX achieves a 0.74% return, which is significantly higher than TUIFX's 0.49% return. Over the past 10 years, SSIIX has outperformed TUIFX with an annualized return of 2.37%, while TUIFX has yielded a comparatively lower 1.87% annualized return.
SSIIX
- 1D
- -0.20%
- 1M
- 0.35%
- YTD
- 0.74%
- 6M
- 0.86%
- 1Y
- 4.70%
- 3Y*
- 4.10%
- 5Y*
- 0.93%
- 10Y*
- 2.37%
TUIFX
- 1D
- -0.11%
- 1M
- 0.23%
- YTD
- 0.49%
- 6M
- 0.60%
- 1Y
- 2.98%
- 3Y*
- 4.11%
- 5Y*
- 1.26%
- 10Y*
- 1.87%
SSIIX vs. TUIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSIIX Sierra Tactical Core Income Fund | 0.74% | 3.20% | 3.84% | 3.68% | -5.29% | 0.18% | 4.78% | 7.77% | -1.38% | 5.43% |
TUIFX Toews Unconstrained Income Fund | 0.49% | 3.55% | 4.53% | 3.08% | -4.36% | -0.20% | 2.58% | 6.97% | -2.82% | 2.10% |
Correlation
The correlation between SSIIX and TUIFX is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.60 |
Over the past year, SSIIX and TUIFX have become more correlated (0.81) than their long-term average of 0.60, meaning their price movements have been converging.
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Return for Risk
SSIIX vs. TUIFX — Risk / Return Rank
SSIIX
TUIFX
SSIIX vs. TUIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sierra Tactical Core Income Fund (SSIIX) and Toews Unconstrained Income Fund (TUIFX). 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.
| SSIIX | TUIFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.29 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 3.57 | -1.86 |
| Martin ratioReturn relative to average drawdown | 5.36 | 8.04 | -2.68 |
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Drawdowns
SSIIX vs. TUIFX - Drawdown Comparison
The maximum SSIIX drawdown since its inception was -9.34%, which is greater than TUIFX's maximum drawdown of -7.37%. Use the drawdown chart below to compare losses from any high point for SSIIX and TUIFX.
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Drawdown Indicators
| SSIIX | TUIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.34% | -7.37% | -1.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -0.87% | -1.98% |
Max Drawdown (3Y)Largest decline over 3 years | -3.90% | -1.64% | -2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -9.34% | -7.37% | -1.97% |
Max Drawdown (10Y)Largest decline over 10 years | -9.34% | -7.37% | -1.97% |
Current DrawdownCurrent decline from peak | -1.00% | -0.37% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -1.83% | -2.06% | +0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.39% | +0.52% |
Volatility
SSIIX vs. TUIFX - Volatility Comparison
Sierra Tactical Core Income Fund (SSIIX) has a higher volatility of 1.17% compared to Toews Unconstrained Income Fund (TUIFX) at 0.74%. This indicates that SSIIX's price experiences larger fluctuations and is considered to be riskier than TUIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSIIX | TUIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 0.74% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.37% | 1.42% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.83% | 2.13% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.06% | 2.63% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.60% | 2.69% | -0.09% |
SSIIX vs. TUIFX - Expense Ratio Comparison
SSIIX has a 1.35% expense ratio, which is higher than TUIFX's 1.25% expense ratio.
Dividends
SSIIX vs. TUIFX - Dividend Comparison
SSIIX's dividend yield for the trailing twelve months is around 4.05%, more than TUIFX's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSIIX Sierra Tactical Core Income Fund | 4.05% | 4.31% | 4.29% | 3.75% | 1.39% | 2.51% | 2.34% | 2.76% | 2.61% | 3.11% | 2.64% | 3.36% |
TUIFX Toews Unconstrained Income Fund | 3.97% | 4.17% | 4.68% | 4.09% | 1.05% | 2.13% | 1.33% | 2.44% | 2.05% | 4.34% | 2.29% | 1.19% |
Frequently Asked Questions
SSIIX and TUIFX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSIIX has higher volatility (1.17%) compared to TUIFX (0.74%). In terms of maximum drawdown, SSIIX dropped -9.34% vs TUIFX's -7.37%.
SSIIX currently has the higher Sharpe Ratio (1.73 vs 1.46), 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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