TTDAX vs. LSEIX

Last updated Jun 4, 2026

TTDAX (Toews Tactical Defensive Alpha Fund) and LSEIX (Persimmon Long/Short Fund) are both Long-Short funds. Their correlation of 0.82 suggests significant overlap in exposure. TTDAX charges 1.25%/yr vs 1.91%/yr for LSEIX.

Performance

TTDAX vs. LSEIX - Performance Comparison

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

Returns By Period

TTDAX

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

LSEIX

• 1D: 0.11%
• 1M: 1.54%
• YTD: 6.29%
• 6M: 6.22%
• 1Y: 20.30%
• 3Y*: 15.93%
• 5Y*: 9.63%
• 10Y*: 7.08%

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

TTDAX vs. LSEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TTDAX Toews Tactical Defensive Alpha Fund	-5.84%	10.90%	2.87%	7.65%	-16.61%	12.36%	17.14%	22.12%	-7.35%	14.90%
LSEIX Persimmon Long/Short Fund	6.29%	12.02%	17.36%	15.70%	-9.95%	14.67%	8.13%	5.28%	-6.10%	13.17%

Correlation

The correlation between TTDAX and LSEIX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.82

The correlation between TTDAX and LSEIX has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.

Return for Risk

TTDAX vs. LSEIX — Risk / Return Rank

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

LSEIX

LSEIX Risk / Return Rank: 77
LSEIX Sharpe Ratio Rank: 68
LSEIX Sortino Ratio Rank: 63
LSEIX Omega Ratio Rank: 66
LSEIX Calmar Ratio Rank: 93
LSEIX Martin Ratio Rank: 94

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. LSEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Toews Tactical Defensive Alpha Fund (TTDAX) and Persimmon Long/Short Fund (LSEIX). 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	LSEIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.42	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.89	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.63	—

Drawdowns

Drawdown Indicators

	TTDAX	LSEIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-19.92%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-3.90%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.63%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.63%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-19.92%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-4.05%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.00%	—

Volatility

Volatility by Period

	TTDAX	LSEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.61%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	8.67%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	10.89%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	10.66%	—

TTDAX vs. LSEIX - Expense Ratio Comparison

TTDAX has a 1.25% expense ratio, which is lower than LSEIX's 1.91% expense ratio.

Dividends

TTDAX vs. LSEIX - Dividend Comparison

TTDAX's dividend yield for the trailing twelve months is around 2.20%, while LSEIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LSEIX Persimmon Long/Short Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.23%	3.49%	6.18%	0.00%	4.88%
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%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TTDAX and LSEIX in my portfolio?

With a correlation of 0.91, TTDAX and LSEIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.