TTDAX vs. WTLS

Last updated Jun 23, 2026

TTDAX (Toews Tactical Defensive Alpha Fund) and WTLS (WisdomTree Efficient Long/Short US Equity Fund) are both Long-Short funds. At a 0.48 correlation, their price movements are largely independent. TTDAX charges 1.25%/yr vs 0.88%/yr for WTLS.

Performance

TTDAX vs. WTLS - Performance Comparison

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

Returns By Period

TTDAX

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

WTLS

• 1D: 0.90%
• 1M: 2.58%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TTDAX vs. WTLS - Yearly Performance Comparison

	2026 (YTD)
TTDAX Toews Tactical Defensive Alpha Fund	-5.93%
WTLS WisdomTree Efficient Long/Short US Equity Fund	18.17%

Correlation

The correlation between TTDAX and WTLS is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026	0.48

Return for Risk

TTDAX vs. WTLS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Toews Tactical Defensive Alpha Fund (TTDAX) and WisdomTree Efficient Long/Short US Equity Fund (WTLS). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Drawdown Indicators

	TTDAX	WTLS	Difference
Max Drawdown Largest peak-to-trough decline	—	-8.94%	—
Current Drawdown Current decline from peak	—	-1.80%	—
Average Drawdown Average peak-to-trough decline	—	-2.02%	—

Volatility

Volatility by Period

	TTDAX	WTLS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	19.25%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	19.25%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	19.25%	—

TTDAX vs. WTLS - Expense Ratio Comparison

TTDAX has a 1.25% expense ratio, which is higher than WTLS's 0.88% expense ratio.

Dividends

TTDAX vs. WTLS - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
WTLS WisdomTree Efficient Long/Short US Equity Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TTDAX and WTLS in my portfolio?

TTDAX and WTLS have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.