TFAZX vs. TFAQX

Last updated Apr 1, 2026

Compare and contrast key facts about TFA Tactical Income Fund (TFAZX) and TFA Quantitative Fund (TFAQX).

TFAZX is managed by Tactical Fund Advisors. It was launched on Jun 9, 2019. TFAQX is managed by Tactical Fund Advisors. It was launched on May 17, 2020.

Performance

TFAZX vs. TFAQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TFA Tactical Income Fund (TFAZX) and TFA Quantitative Fund (TFAQX). The values are adjusted to include any dividend payments, if applicable.

TFAZX vs. TFAQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
TFAZX TFA Tactical Income Fund	-2.48%	5.78%	-1.56%	-0.20%	-9.93%	5.85%	11.82%
TFAQX TFA Quantitative Fund	-9.57%	11.41%	22.12%	23.25%	-25.11%	10.88%	18.19%

Returns By Period

In the year-to-date period, TFAZX achieves a -2.48% return, which is significantly higher than TFAQX's -9.57% return.

TFAZX

• 1D: 0.12%
• 1M: -3.61%
• YTD: -2.48%
• 6M: -1.99%
• 1Y: 3.79%
• 3Y*: 0.21%
• 5Y*: -0.93%
• 10Y*: —

TFAQX

• 1D: -0.78%
• 1M: -8.35%
• YTD: -9.57%
• 6M: -8.66%
• 1Y: 9.82%
• 3Y*: 12.42%
• 5Y*: 4.79%
• 10Y*: —

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

TFAZX vs. TFAQX - Expense Ratio Comparison

TFAZX has a 1.97% expense ratio, which is lower than TFAQX's 1.98% expense ratio.

TFAQX

TFA Quantitative Fund

TFAZX

TFA Tactical Income Fund

Return for Risk

TFAZX vs. TFAQX — Risk / Return Rank

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

TFAZX

TFAZX Risk / Return Rank: 27
TFAZX Sharpe Ratio Rank: 28
TFAZX Sortino Ratio Rank: 25
TFAZX Omega Ratio Rank: 24
TFAZX Calmar Ratio Rank: 28
TFAZX Martin Ratio Rank: 30

TFAQX

TFAQX Risk / Return Rank: 17
TFAQX Sharpe Ratio Rank: 17
TFAQX Sortino Ratio Rank: 16
TFAQX Omega Ratio Rank: 19
TFAQX Calmar Ratio Rank: 18
TFAQX Martin Ratio Rank: 17

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.

TFAZX vs. TFAQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TFA Tactical Income Fund (TFAZX) and TFA Quantitative Fund (TFAQX). 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.

	TFAZX	TFAQX	Difference
Sharpe ratio Return per unit of total volatility	0.69	0.49	+0.20
Sortino ratio Return per unit of downside risk	0.99	0.77	+0.21
Omega ratio Gain probability vs. loss probability	1.14	1.12	+0.02
Calmar ratio Return relative to maximum drawdown	0.82	0.54	+0.28
Martin ratio Return relative to average drawdown	3.25	1.80	+1.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TFAZX vs. TFAQX - Sharpe Ratio Comparison

The current TFAZX Sharpe Ratio is 0.69, which is higher than the TFAQX Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of TFAZX and TFAQX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TFAZX	TFAQX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.69	0.49	+0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.17	0.28	-0.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.41	-0.33

Correlation

The correlation between TFAZX and TFAQX is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TFAZX vs. TFAQX - Dividend Comparison

TFAZX's dividend yield for the trailing twelve months is around 2.22%, less than TFAQX's 11.23% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
TFAZX TFA Tactical Income Fund	2.22%	2.16%	0.00%	3.05%	0.97%	16.23%	1.04%	0.62%
TFAQX TFA Quantitative Fund	11.23%	10.16%	0.00%	0.03%	5.06%	20.52%	4.62%	0.00%

Drawdowns

TFAZX vs. TFAQX - Drawdown Comparison

The maximum TFAZX drawdown since its inception was -17.69%, smaller than the maximum TFAQX drawdown of -27.78%. Use the drawdown chart below to compare losses from any high point for TFAZX and TFAQX.

Drawdown Indicators

	TFAZX	TFAQX	Difference
Max Drawdown Largest peak-to-trough decline	-17.69%	-27.78%	+10.09%
Max Drawdown (1Y) Largest decline over 1 year	-3.84%	-12.85%	+9.01%
Max Drawdown (5Y) Largest decline over 5 years	-16.73%	-27.78%	+11.05%
Current Drawdown Current decline from peak	-10.40%	-12.85%	+2.45%
Average Drawdown Average peak-to-trough decline	-8.06%	-8.66%	+0.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.97%	4.29%	-3.32%

Volatility

TFAZX vs. TFAQX - Volatility Comparison

The current volatility for TFA Tactical Income Fund (TFAZX) is 2.61%, while TFA Quantitative Fund (TFAQX) has a volatility of 5.22%. This indicates that TFAZX experiences smaller price fluctuations and is considered to be less risky than TFAQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TFAZX	TFAQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.61%	5.22%	-2.61%
Volatility (6M) Calculated over the trailing 6-month period	4.19%	12.31%	-8.12%
Volatility (1Y) Calculated over the trailing 1-year period	5.58%	21.43%	-15.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.58%	17.35%	-11.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.02%	17.38%	-10.36%