TTDAX vs. KCEIX

Last updated Jun 4, 2026

TTDAX (Toews Tactical Defensive Alpha Fund) and KCEIX (Knights of Columbus Long/Short Equity Fund) are both Long-Short funds. At a 0.37 correlation, their price movements are largely independent. TTDAX charges 1.25%/yr vs 1.50%/yr for KCEIX.

Performance

TTDAX vs. KCEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Toews Tactical Defensive Alpha Fund (TTDAX) and Knights of Columbus Long/Short Equity Fund (KCEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TTDAX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KCEIX

• 1D: -0.52%
• 1M: 2.94%
• YTD: 6.89%
• 6M: 7.85%
• 1Y: 11.72%
• 3Y*: 10.93%
• 5Y*: 8.85%
• 10Y*: —

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

TTDAX vs. KCEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TTDAX Toews Tactical Defensive Alpha Fund	-5.84%	10.90%	2.87%	7.65%	-16.61%	12.36%	17.14%	3.30%
KCEIX Knights of Columbus Long/Short Equity Fund	6.89%	5.51%	15.09%	2.84%	10.41%	16.74%	-11.05%	0.20%

Correlation

The correlation between TTDAX and KCEIX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019	0.37

Over the past year, the correlation between TTDAX and KCEIX has dropped to 0.13 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.

Return for Risk

TTDAX vs. KCEIX — Risk / Return Rank

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

KCEIX

KCEIX Risk / Return Rank: 60
KCEIX Sharpe Ratio Rank: 50
KCEIX Sortino Ratio Rank: 53
KCEIX Omega Ratio Rank: 49
KCEIX Calmar Ratio Rank: 88
KCEIX Martin Ratio Rank: 62

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.

TTDAX vs. KCEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Toews Tactical Defensive Alpha Fund (TTDAX) and Knights of Columbus Long/Short Equity Fund (KCEIX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TTDAX	KCEIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.08	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.85	—

Drawdowns

Drawdown Indicators

	TTDAX	KCEIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-16.07%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-2.82%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.12%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-7.12%	—
Current Drawdown Current decline from peak	—	-0.52%	—
Average Drawdown Average peak-to-trough decline	—	-3.47%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.99%	—

Volatility

Volatility by Period

	TTDAX	KCEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	5.85%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	6.91%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	8.06%	—

TTDAX vs. KCEIX - Expense Ratio Comparison

TTDAX has a 1.25% expense ratio, which is lower than KCEIX's 1.50% expense ratio.

Dividends

TTDAX vs. KCEIX - Dividend Comparison

TTDAX's dividend yield for the trailing twelve months is around 2.20%, more than KCEIX's 1.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
KCEIX Knights of Columbus Long/Short Equity Fund	1.52%	1.66%	2.35%	2.20%	7.60%	0.00%	0.14%	0.00%	0.00%	0.00%
TTDAX Toews Tactical Defensive Alpha Fund	2.20%	2.07%	3.30%	2.56%	1.03%	26.63%	4.08%	7.49%	1.35%	13.58%

Frequently Asked Questions

Can I hold both TTDAX and KCEIX in my portfolio?

TTDAX and KCEIX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.