TTDAX vs. MNWIX

Last updated Apr 1, 2026

Compare and contrast key facts about Toews Tactical Defensive Alpha Fund (TTDAX) and MFS Managed Wealth Fund (MNWIX).

TTDAX is managed by Toews Funds. It was launched on Jan 6, 2016. MNWIX is managed by BlackRock. It was launched on Jun 26, 2014.

Performance

TTDAX vs. MNWIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Toews Tactical Defensive Alpha Fund (TTDAX) and MFS Managed Wealth Fund (MNWIX). The values are adjusted to include any dividend payments, if applicable.

TTDAX vs. MNWIX - 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%
MNWIX MFS Managed Wealth Fund	-4.50%	7.71%	6.42%	5.41%	-2.15%	1.35%	3.11%	8.70%	2.10%	6.59%

Returns By Period

In the year-to-date period, TTDAX achieves a -5.84% return, which is significantly lower than MNWIX's -4.50% return.

TTDAX

• 1D: 0.00%
• 1M: -6.45%
• YTD: -5.84%
• 6M: -2.81%
• 1Y: 9.39%
• 3Y*: 4.93%
• 5Y*: 0.27%
• 10Y*: —

MNWIX

• 1D: 0.08%
• 1M: -4.58%
• YTD: -4.50%
• 6M: -4.07%
• 1Y: 0.76%
• 3Y*: 4.67%
• 5Y*: 3.04%
• 10Y*: 3.33%

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

TTDAX vs. MNWIX - Expense Ratio Comparison

TTDAX has a 1.25% expense ratio, which is higher than MNWIX's 0.67% expense ratio.

TTDAX

Toews Tactical Defensive Alpha Fund

MNWIX

MFS Managed Wealth Fund

Return for Risk

TTDAX vs. MNWIX — Risk / Return Rank

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

TTDAX

TTDAX Risk / Return Rank: 45
TTDAX Sharpe Ratio Rank: 42
TTDAX Sortino Ratio Rank: 39
TTDAX Omega Ratio Rank: 37
TTDAX Calmar Ratio Rank: 48
TTDAX Martin Ratio Rank: 59

MNWIX

MNWIX Risk / Return Rank: 7
MNWIX Sharpe Ratio Rank: 7
MNWIX Sortino Ratio Rank: 6
MNWIX Omega Ratio Rank: 6
MNWIX Calmar Ratio Rank: 8
MNWIX Martin Ratio Rank: 8

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. MNWIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Toews Tactical Defensive Alpha Fund (TTDAX) and MFS Managed Wealth Fund (MNWIX). 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.

	TTDAX	MNWIX	Difference
Sharpe ratio Return per unit of total volatility	0.88	0.12	+0.76
Sortino ratio Return per unit of downside risk	1.26	0.20	+1.07
Omega ratio Gain probability vs. loss probability	1.18	1.03	+0.15
Calmar ratio Return relative to maximum drawdown	1.21	0.08	+1.13
Martin ratio Return relative to average drawdown	5.70	0.33	+5.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TTDAX vs. MNWIX - Sharpe Ratio Comparison

The current TTDAX Sharpe Ratio is 0.88, which is higher than the MNWIX Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of TTDAX and MNWIX, 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

	TTDAX	MNWIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	0.12	+0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	0.81	-0.79
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.76	-0.42

Correlation

The correlation between TTDAX and MNWIX is 0.45, 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

TTDAX vs. MNWIX - Dividend Comparison

TTDAX's dividend yield for the trailing twelve months is around 2.20%, more than MNWIX's 0.79% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
MNWIX MFS Managed Wealth Fund	0.79%	0.76%	1.13%	0.78%	0.70%	0.13%	0.24%	0.54%	0.42%	0.94%	2.65%	1.19%

Drawdowns

TTDAX vs. MNWIX - Drawdown Comparison

The maximum TTDAX drawdown since its inception was -34.31%, which is greater than MNWIX's maximum drawdown of -5.57%. Use the drawdown chart below to compare losses from any high point for TTDAX and MNWIX.

Drawdown Indicators

	TTDAX	MNWIX	Difference
Max Drawdown Largest peak-to-trough decline	-34.31%	-5.57%	-28.74%
Max Drawdown (1Y) Largest decline over 1 year	-7.30%	-5.57%	-1.73%
Max Drawdown (5Y) Largest decline over 5 years	-25.09%	-5.57%	-19.52%
Max Drawdown (10Y) Largest decline over 10 years	—	-5.57%	—
Current Drawdown Current decline from peak	-7.30%	-5.50%	-1.80%
Average Drawdown Average peak-to-trough decline	-7.03%	-1.13%	-5.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	1.32%	+0.23%

Volatility

TTDAX vs. MNWIX - Volatility Comparison

Toews Tactical Defensive Alpha Fund (TTDAX) has a higher volatility of 3.95% compared to MFS Managed Wealth Fund (MNWIX) at 1.95%. This indicates that TTDAX's price experiences larger fluctuations and is considered to be riskier than MNWIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TTDAX	MNWIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	1.95%	+2.00%
Volatility (6M) Calculated over the trailing 6-month period	8.52%	4.10%	+4.42%
Volatility (1Y) Calculated over the trailing 1-year period	10.94%	5.68%	+5.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.37%	3.79%	+9.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.52%	3.74%	+12.78%