TTDAX vs. WTLS

Last updated Apr 1, 2026

Compare and contrast key facts about Toews Tactical Defensive Alpha Fund (TTDAX) and WisdomTree Efficient Long/Short US Equity Fund (WTLS).

TTDAX is managed by Toews Funds. It was launched on Jan 6, 2016. WTLS is an actively managed fund by WisdomTree. It was launched on Jan 20, 2026.

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.

TTDAX vs. WTLS - Yearly Performance Comparison

	2026 (YTD)
TTDAX Toews Tactical Defensive Alpha Fund	-6.36%
WTLS WisdomTree Efficient Long/Short US Equity Fund	-2.35%

Returns By Period

TTDAX

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

WTLS

• 1D: 3.22%
• 1M: -4.31%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TTDAX vs. WTLS - Expense Ratio Comparison

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

TTDAX

Toews Tactical Defensive Alpha Fund

WTLS

WisdomTree Efficient Long/Short US Equity Fund

Return for Risk

TTDAX vs. WTLS — 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

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. 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.

	TTDAX	WTLS	Difference
Sharpe ratio Return per unit of total volatility	0.88	—	—
Sortino ratio Return per unit of downside risk	1.26	—	—
Omega ratio Gain probability vs. loss probability	1.18	—	—
Calmar ratio Return relative to maximum drawdown	1.21	—	—
Martin ratio Return relative to average drawdown	5.70	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TTDAX	WTLS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	-0.61	+0.95

Correlation

The correlation between TTDAX and WTLS is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

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.

	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%

Drawdowns

TTDAX vs. WTLS - Drawdown Comparison

The maximum TTDAX drawdown since its inception was -34.31%, which is greater than WTLS's maximum drawdown of -8.94%. Use the drawdown chart below to compare losses from any high point for TTDAX and WTLS.

Drawdown Indicators

	TTDAX	WTLS	Difference
Max Drawdown Largest peak-to-trough decline	-34.31%	-8.94%	-25.37%
Max Drawdown (1Y) Largest decline over 1 year	-7.30%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.09%	—	—
Current Drawdown Current decline from peak	-7.30%	-6.01%	-1.29%
Average Drawdown Average peak-to-trough decline	-7.03%	-2.84%	-4.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	—	—

Volatility

Volatility by Period

	TTDAX	WTLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.94%	19.88%	-8.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.37%	19.88%	-6.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.52%	19.88%	-3.36%