TFAFX vs. ^VIX
TFAFX (Tactical Growth Allocation Fund) is Multistrategy fund managed by Tactical Fund Advisors, while ^VIX (CBOE Volatility Index) is an index. Over the past 5 years, TFAFX returned 7.54%/yr vs 1.15%/yr for ^VIX. At a correlation of -0.73, they often move in opposite directions.
Performance
TFAFX vs. ^VIX - Performance Comparison
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Returns By Period
In the year-to-date period, TFAFX achieves a 6.87% return, which is significantly lower than ^VIX's 15.59% return.
TFAFX
- 1D
- 1.54%
- 1M
- 0.73%
- YTD
- 6.87%
- 6M
- 6.05%
- 1Y
- 20.77%
- 3Y*
- 14.66%
- 5Y*
- 7.54%
- 10Y*
- —
^VIX
- 1D
- 5.37%
- 1M
- 3.47%
- YTD
- 15.59%
- 6M
- 22.73%
- 1Y
- -16.20%
- 3Y*
- 8.74%
- 5Y*
- 1.15%
- 10Y*
- -3.91%
TFAFX vs. ^VIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TFAFX Tactical Growth Allocation Fund | 6.87% | 11.54% | 20.19% | 19.64% | -24.11% | 16.14% | 7.88% | 3.73% |
^VIX CBOE Volatility Index | 15.59% | -13.83% | 39.36% | -42.55% | 25.84% | -24.31% | 65.09% | -12.90% |
Correlation
The correlation between TFAFX and ^VIX is -0.75, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.74 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019 | -0.73 |
The correlation between TFAFX and ^VIX has been stable across timeframes, ranging from -0.75 to -0.72 - a consistent structural relationship.
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Return for Risk
TFAFX vs. ^VIX — Risk / Return Rank
TFAFX
^VIX
TFAFX vs. ^VIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tactical Growth Allocation Fund (TFAFX) and CBOE Volatility Index (^VIX). 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.
| TFAFX | ^VIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.08 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | -0.32 | +2.54 |
| Martin ratioReturn relative to average drawdown | 8.04 | -0.52 | +8.56 |
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Drawdowns
TFAFX vs. ^VIX - Drawdown Comparison
The maximum TFAFX drawdown since its inception was -25.67%, smaller than the maximum ^VIX drawdown of -88.70%. Use the drawdown chart below to compare losses from any high point for TFAFX and ^VIX.
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Drawdown Indicators
| TFAFX | ^VIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.67% | -88.70% | +63.03% |
Max Drawdown (1Y)Largest decline over 1 year | -9.30% | -50.66% | +41.36% |
Max Drawdown (3Y)Largest decline over 3 years | -17.55% | -74.26% | +56.71% |
Max Drawdown (5Y)Largest decline over 5 years | -25.67% | -74.26% | +48.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -85.66% | — |
Current DrawdownCurrent decline from peak | -1.14% | -79.10% | +77.96% |
Average DrawdownAverage peak-to-trough decline | -7.29% | -64.07% | +56.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 31.03% | -28.48% |
Volatility
TFAFX vs. ^VIX - Volatility Comparison
The current volatility for Tactical Growth Allocation Fund (TFAFX) is 6.12%, while CBOE Volatility Index (^VIX) has a volatility of 47.71%. This indicates that TFAFX experiences smaller price fluctuations and is considered to be less risky than ^VIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TFAFX | ^VIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.12% | 47.71% | -41.59% |
Volatility (6M)Calculated over the trailing 6-month period | 10.51% | 91.20% | -80.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.57% | 123.62% | -110.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.00% | 127.66% | -112.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.51% | 137.49% | -122.98% |
Frequently Asked Questions
TFAFX and ^VIX have a correlation of -0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^VIX has higher volatility (47.71%) compared to TFAFX (6.12%). In terms of maximum drawdown, TFAFX dropped -25.67% vs ^VIX's -88.70%.
TFAFX currently has the higher Sharpe Ratio (1.52 vs -0.13), 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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