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 6.29%/yr vs -2.60%/yr for ^VIX. Their -0.73 correlation means they have often moved in opposite directions in the past.
Performance
TFAFX vs. ^VIX - Performance Comparison
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Returns By Period
In the year-to-date period, TFAFX achieves a 4.79% return, which is significantly lower than ^VIX's 6.96% return.
TFAFX
- 1D
- 2.11%
- 1M
- -0.80%
- 6M
- 3.43%
- YTD
- 4.79%
- 1Y
- 14.13%
- 3Y*
- 12.34%
- 5Y*
- 6.29%
- 10Y*
- —
- ALL TIME*
- 7.35%
^VIX
- 1D
- -6.44%
- 1M
- -0.99%
- 6M
- -8.31%
- YTD
- 6.96%
- 1Y
- -21.54%
- 3Y*
- 4.70%
- 5Y*
- -2.60%
- 10Y*
- 1.81%
- ALL TIME*
- -0.21%
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 |
TFAFX vs. ^VIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TFAFX Tactical Growth Allocation Fund | 4.79% | 11.54% | 20.19% | 19.64% | -24.11% | 16.14% | 7.88% | 3.73% |
^VIX CBOE Volatility Index | 6.96% | -13.83% | 39.36% | -42.55% | 25.84% | -24.31% | 65.09% | -12.90% |
Correlation
The correlation between TFAFX and ^VIX is -0.76, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.76 |
Correlation (3Y) Balances recent behavior with more history. | -0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.73 |
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 -0.76 to -0.73 - 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 | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.11 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | -0.08 | +1.35 |
| Martin ratioReturn relative to average drawdown | 4.34 | -0.13 | +4.47 |
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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% | -51.59% | +42.29% |
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 | -3.07% | -80.66% | +77.59% |
Average DrawdownAverage peak-to-trough decline | -7.21% | -64.12% | +56.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 33.86% | -31.17% |
Volatility
TFAFX vs. ^VIX - Volatility Comparison
The current volatility for Tactical Growth Allocation Fund (TFAFX) is 4.08%, while CBOE Volatility Index (^VIX) has a volatility of 37.09%. 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 | 4.08% | 37.09% | -33.01% |
Volatility (6M)Calculated over the trailing 6-month period | 11.09% | 92.23% | -81.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.27% | 127.66% | -113.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.11% | 127.54% | -112.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.53% | 136.71% | -122.18% |
Frequently Asked Questions
TFAFX and ^VIX have a correlation of -0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^VIX has higher volatility (37.09%) compared to TFAFX (4.08%). In terms of maximum drawdown, TFAFX dropped -25.67% vs ^VIX's -88.70%.
TFAFX currently has the higher Sharpe Ratio (0.82 vs -0.03), 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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