TTDAX vs. PWLIX

Last updated Jun 4, 2026

TTDAX (Toews Tactical Defensive Alpha Fund) and PWLIX (PIMCO RAE Worldwide Long/Short PLUS Fund) are both Long-Short funds. At a 0.27 correlation, their price movements are largely independent. TTDAX charges 1.25%/yr vs 1.19%/yr for PWLIX.

Performance

TTDAX vs. PWLIX - Performance Comparison

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

Returns By Period

TTDAX

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

PWLIX

• 1D: 0.41%
• 1M: -2.79%
• YTD: -0.41%
• 6M: -1.48%
• 1Y: -0.18%
• 3Y*: 4.67%
• 5Y*: 4.35%
• 10Y*: 4.60%

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

TTDAX vs. PWLIX - 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%
PWLIX PIMCO RAE Worldwide Long/Short PLUS Fund	-0.41%	4.64%	4.65%	4.04%	4.33%	15.15%	-12.66%	9.60%	0.49%	11.69%

Correlation

The correlation between TTDAX and PWLIX is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.27

The correlation between TTDAX and PWLIX shifts across timeframes, from -0.06 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TTDAX vs. PWLIX — Risk / Return Rank

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

PWLIX

PWLIX Risk / Return Rank: 2
PWLIX Sharpe Ratio Rank: 3
PWLIX Sortino Ratio Rank: 2
PWLIX Omega Ratio Rank: 2
PWLIX Calmar Ratio Rank: 2
PWLIX Martin Ratio Rank: 2

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. PWLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Toews Tactical Defensive Alpha Fund (TTDAX) and PIMCO RAE Worldwide Long/Short PLUS Fund (PWLIX). 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	PWLIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.02	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.49	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.43	—

Drawdowns

Drawdown Indicators

	TTDAX	PWLIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-26.92%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.43%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.74%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-11.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-26.92%	—
Current Drawdown Current decline from peak	—	-9.06%	—
Average Drawdown Average peak-to-trough decline	—	-4.18%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.22%	—

Volatility

Volatility by Period

	TTDAX	PWLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.55%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	8.43%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	8.96%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	9.00%	—

TTDAX vs. PWLIX - Expense Ratio Comparison

TTDAX has a 1.25% expense ratio, which is higher than PWLIX's 1.19% expense ratio.

Dividends

TTDAX vs. PWLIX - Dividend Comparison

TTDAX's dividend yield for the trailing twelve months is around 2.20%, less than PWLIX's 6.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PWLIX PIMCO RAE Worldwide Long/Short PLUS Fund	6.67%	6.65%	4.75%	5.51%	14.75%	11.99%	7.31%	6.79%	0.39%	10.82%	4.16%	3.61%
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 PWLIX in my portfolio?

TTDAX and PWLIX have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.