TFAQX vs. OTRFX
TFAQX (TFA Quantitative Fund) and OTRFX (OnTrack Core Fund) are both Tactical Allocation funds. Over the past 5 years, TFAQX returned 6.40%/yr vs 1.79%/yr for OTRFX. Their 0.34 correlation means their historical movements had little consistent relationship. TFAQX charges 1.98%/yr vs 2.58%/yr for OTRFX.
Performance
TFAQX vs. OTRFX - Performance Comparison
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Returns By Period
In the year-to-date period, TFAQX achieves a 4.69% return, which is significantly lower than OTRFX's 4.93% return.
TFAQX
- 1D
- 2.60%
- 1M
- -2.39%
- 6M
- 3.96%
- YTD
- 4.69%
- 1Y
- 15.20%
- 3Y*
- 12.45%
- 5Y*
- 6.40%
- 10Y*
- —
- ALL TIME*
- 9.17%
OTRFX
- 1D
- 0.10%
- 1M
- -0.10%
- 6M
- 1.36%
- YTD
- 4.93%
- 1Y
- 9.39%
- 3Y*
- 5.76%
- 5Y*
- 1.79%
- 10Y*
- 5.20%
- ALL TIME*
- 4.35%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
OTRFX OnTrack Core Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
TFAQX vs. OTRFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TFAQX TFA Quantitative Fund | 4.69% | 11.41% | 22.12% | 23.25% | -25.11% | 10.88% | 18.19% |
OTRFX OnTrack Core Fund | 4.93% | 6.12% | -0.12% | 5.37% | -5.82% | 3.94% | 23.36% |
Correlation
The correlation between TFAQX and OTRFX is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.35 |
Correlation (All Time) Calculated using the full available price history since May 18, 2020 | 0.34 |
Over the past year, TFAQX and OTRFX have become more correlated (0.56) than their long-term average of 0.34, meaning their price movements have been converging.
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Return for Risk
TFAQX vs. OTRFX — Risk / Return Rank
TFAQX
OTRFX
TFAQX vs. OTRFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TFA Quantitative Fund (TFAQX) and OnTrack Core Fund (OTRFX). 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.
| TFAQX | OTRFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.56 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | 3.11 | -2.11 |
| Martin ratioReturn relative to average drawdown | 3.22 | 6.54 | -3.32 |
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Drawdowns
TFAQX vs. OTRFX - Drawdown Comparison
The maximum TFAQX drawdown since its inception was -27.78%, which is greater than OTRFX's maximum drawdown of -9.73%. Use the drawdown chart below to compare losses from any high point for TFAQX and OTRFX.
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Drawdown Indicators
| TFAQX | OTRFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.78% | -9.73% | -18.05% |
Max Drawdown (1Y)Largest decline over 1 year | -12.85% | -3.02% | -9.83% |
Max Drawdown (3Y)Largest decline over 3 years | -21.59% | -5.76% | -15.83% |
Max Drawdown (5Y)Largest decline over 5 years | -27.78% | -9.51% | -18.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -9.51% | — |
Current DrawdownCurrent decline from peak | -5.29% | -1.21% | -4.08% |
Average DrawdownAverage peak-to-trough decline | -8.35% | -2.95% | -5.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.97% | 1.43% | +2.54% |
Volatility
TFAQX vs. OTRFX - Volatility Comparison
TFA Quantitative Fund (TFAQX) has a higher volatility of 5.17% compared to OnTrack Core Fund (OTRFX) at 0.47%. This indicates that TFAQX's price experiences larger fluctuations and is considered to be riskier than OTRFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TFAQX | OTRFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 0.47% | +4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 13.38% | 2.29% | +11.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.24% | 4.15% | +13.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.81% | 3.07% | +14.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.47% | 3.56% | +13.91% |
TFAQX vs. OTRFX - Expense Ratio Comparison
TFAQX has a 1.98% expense ratio, which is lower than OTRFX's 2.58% expense ratio.
Dividends
TFAQX vs. OTRFX - Dividend Comparison
TFAQX's dividend yield for the trailing twelve months is around 9.70%, less than OTRFX's 12.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OTRFX OnTrack Core Fund | 12.43% | 13.04% | 8.01% | 0.14% | 1.39% | 7.10% | 2.36% | 1.38% | 7.15% | 2.69% | 7.05% | 6.15% |
TFAQX TFA Quantitative Fund | 9.70% | 10.16% | 0.00% | 0.03% | 5.06% | 20.52% | 4.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TFAQX and OTRFX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TFAQX has higher volatility (5.17%) compared to OTRFX (0.47%). In terms of maximum drawdown, TFAQX dropped -27.78% vs OTRFX's -9.73%.
OTRFX currently has the higher Sharpe Ratio (2.27 vs 0.75), 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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