TTDAX vs. PHSWX

Last updated Jun 4, 2026

TTDAX (Toews Tactical Defensive Alpha Fund) and PHSWX (Parvin Hedged Equity Solari World Fund) are both Long-Short funds. A 0.58 correlation means they provide meaningful diversification when combined. TTDAX charges 1.25%/yr vs 0.01%/yr for PHSWX.

Performance

TTDAX vs. PHSWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Toews Tactical Defensive Alpha Fund (TTDAX) and Parvin Hedged Equity Solari World Fund (PHSWX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TTDAX

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

PHSWX

• 1D: 0.62%
• 1M: 0.71%
• YTD: 7.19%
• 6M: 7.31%
• 1Y: 14.65%
• 3Y*: 10.48%
• 5Y*: 3.80%
• 10Y*: —

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

TTDAX vs. PHSWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TTDAX Toews Tactical Defensive Alpha Fund	-5.84%	10.90%	2.87%	7.65%	-16.61%	13.49%
PHSWX Parvin Hedged Equity Solari World Fund	7.19%	22.65%	1.35%	1.80%	-12.69%	3.47%

Correlation

The correlation between TTDAX and PHSWX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jan 5, 2021	0.58

Over the past year, the correlation between TTDAX and PHSWX has dropped to 0.33 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.

Return for Risk

TTDAX vs. PHSWX — Risk / Return Rank

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

PHSWX

PHSWX Risk / Return Rank: 11
PHSWX Sharpe Ratio Rank: 12
PHSWX Sortino Ratio Rank: 11
PHSWX Omega Ratio Rank: 12
PHSWX Calmar Ratio Rank: 11
PHSWX Martin Ratio Rank: 10

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. PHSWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Toews Tactical Defensive Alpha Fund (TTDAX) and Parvin Hedged Equity Solari World Fund (PHSWX). 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	PHSWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.93	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.01	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.01	—

Drawdowns

Drawdown Indicators

	TTDAX	PHSWX	Difference
Max Drawdown Largest peak-to-trough decline	—	-94.47%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-14.06%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-94.47%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-94.47%	—
Current Drawdown Current decline from peak	—	-92.93%	—
Average Drawdown Average peak-to-trough decline	—	-29.22%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.12%	—

Volatility

Volatility by Period

	TTDAX	PHSWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	15.76%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	754.83%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	725.68%	—

TTDAX vs. PHSWX - Expense Ratio Comparison

TTDAX has a 1.25% expense ratio, which is higher than PHSWX's 0.01% expense ratio.

Dividends

TTDAX vs. PHSWX - Dividend Comparison

TTDAX's dividend yield for the trailing twelve months is around 2.20%, more than PHSWX's 0.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
PHSWX Parvin Hedged Equity Solari World Fund	0.45%	0.49%	1.12%	2.04%	2.24%	2.02%	0.00%	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 PHSWX in my portfolio?

TTDAX and PHSWX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.