TTDAX vs. VMNIX
Compare and contrast key facts about Toews Tactical Defensive Alpha Fund (TTDAX) and Vanguard Market Neutral Fund Institutional Shares (VMNIX).
TTDAX is managed by Toews Funds. It was launched on Jan 6, 2016. VMNIX is managed by Vanguard. It was launched on Oct 19, 1998.
Performance
TTDAX vs. VMNIX - Performance Comparison
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TTDAX vs. VMNIX - 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% |
VMNIX Vanguard Market Neutral Fund Institutional Shares | 6.12% | 9.36% | 5.84% | 12.33% | 13.47% | 23.39% | -11.58% | -9.48% | 0.66% | -4.91% |
Returns By Period
In the year-to-date period, TTDAX achieves a -5.84% return, which is significantly lower than VMNIX's 6.12% return.
TTDAX
- 1D
- 0.00%
- 1M
- -6.45%
- YTD
- -5.84%
- 6M
- -2.81%
- 1Y
- 9.39%
- 3Y*
- 4.93%
- 5Y*
- 0.27%
- 10Y*
- —
VMNIX
- 1D
- 0.09%
- 1M
- 3.02%
- YTD
- 6.12%
- 6M
- 8.21%
- 1Y
- 16.09%
- 3Y*
- 11.80%
- 5Y*
- 12.53%
- 10Y*
- 4.06%
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TTDAX vs. VMNIX - Expense Ratio Comparison
Both TTDAX and VMNIX have an expense ratio of 1.25%.
Return for Risk
TTDAX vs. VMNIX — Risk / Return Rank
TTDAX
VMNIX
TTDAX vs. VMNIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Toews Tactical Defensive Alpha Fund (TTDAX) and Vanguard Market Neutral Fund Institutional Shares (VMNIX). 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 | VMNIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 2.20 | -1.32 |
Sortino ratioReturn per unit of downside risk | 1.26 | 3.25 | -1.98 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.40 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.21 | 3.37 | -2.16 |
Martin ratioReturn relative to average drawdown | 5.70 | 9.61 | -3.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TTDAX | VMNIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 2.20 | -1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 1.75 | -1.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.31 | +0.03 |
Correlation
The correlation between TTDAX and VMNIX is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
TTDAX vs. VMNIX - Dividend Comparison
TTDAX's dividend yield for the trailing twelve months is around 2.20%, less than VMNIX's 3.37% 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% |
VMNIX Vanguard Market Neutral Fund Institutional Shares | 3.37% | 3.59% | 5.67% | 5.15% | 0.78% | 0.20% | 0.86% | 3.23% | 1.00% | 1.16% | 0.45% | 0.10% |
Drawdowns
TTDAX vs. VMNIX - Drawdown Comparison
The maximum TTDAX drawdown since its inception was -34.31%, which is greater than VMNIX's maximum drawdown of -27.90%. Use the drawdown chart below to compare losses from any high point for TTDAX and VMNIX.
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Drawdown Indicators
| TTDAX | VMNIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.31% | -27.90% | -6.41% |
Max Drawdown (1Y)Largest decline over 1 year | -7.30% | -4.95% | -2.35% |
Max Drawdown (5Y)Largest decline over 5 years | -25.09% | -6.69% | -18.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.95% | — |
Current DrawdownCurrent decline from peak | -7.30% | 0.00% | -7.30% |
Average DrawdownAverage peak-to-trough decline | -7.03% | -8.82% | +1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.73% | -0.18% |
Volatility
TTDAX vs. VMNIX - Volatility Comparison
Toews Tactical Defensive Alpha Fund (TTDAX) has a higher volatility of 3.95% compared to Vanguard Market Neutral Fund Institutional Shares (VMNIX) at 1.54%. This indicates that TTDAX's price experiences larger fluctuations and is considered to be riskier than VMNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TTDAX | VMNIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.95% | 1.54% | +2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 8.52% | 5.73% | +2.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.94% | 7.59% | +3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.37% | 7.19% | +6.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.52% | 6.35% | +10.17% |