TUIFX vs. NSBDX
TUIFX (Toews Unconstrained Income Fund) and NSBDX (North Star Bond Fund) are both Nontraditional Bonds funds. Over the past 10 years, TUIFX returned 1.84%/yr vs 2.35%/yr for NSBDX. At a 0.37 correlation, their price movements are largely independent. TUIFX charges 1.25%/yr vs 1.63%/yr for NSBDX.
Performance
TUIFX vs. NSBDX - Performance Comparison
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Returns By Period
In the year-to-date period, TUIFX achieves a 0.60% return, which is significantly lower than NSBDX's 1.34% return. Over the past 10 years, TUIFX has underperformed NSBDX with an annualized return of 1.84%, while NSBDX has yielded a comparatively higher 2.35% annualized return.
TUIFX
- 1D
- 0.22%
- 1M
- 0.34%
- YTD
- 0.60%
- 6M
- 0.70%
- 1Y
- 3.21%
- 3Y*
- 4.00%
- 5Y*
- 1.33%
- 10Y*
- 1.84%
NSBDX
- 1D
- 0.00%
- 1M
- 0.60%
- YTD
- 1.34%
- 6M
- 1.56%
- 1Y
- 3.84%
- 3Y*
- 4.56%
- 5Y*
- 1.80%
- 10Y*
- 2.35%
TUIFX vs. NSBDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TUIFX Toews Unconstrained Income Fund | 0.60% | 3.55% | 4.53% | 3.08% | -4.36% | -0.20% | 2.58% | 6.97% | -2.82% | 2.10% |
NSBDX North Star Bond Fund | 1.34% | 3.67% | 5.17% | 6.07% | -7.23% | 2.84% | 0.71% | 9.36% | -3.50% | 3.03% |
Correlation
The correlation between TUIFX and NSBDX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Dec 22, 2014 | 0.37 |
The correlation between TUIFX and NSBDX shifts across timeframes, from 0.37 (all time) to 0.49 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TUIFX vs. NSBDX — Risk / Return Rank
TUIFX
NSBDX
TUIFX vs. NSBDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Toews Unconstrained Income Fund (TUIFX) and North Star Bond Fund (NSBDX). 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.
| TUIFX | NSBDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.42 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 1.87 | +2.09 |
| Martin ratioReturn relative to average drawdown | 8.93 | 7.71 | +1.22 |
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Drawdowns
TUIFX vs. NSBDX - Drawdown Comparison
The maximum TUIFX drawdown since its inception was -7.37%, smaller than the maximum NSBDX drawdown of -18.75%. Use the drawdown chart below to compare losses from any high point for TUIFX and NSBDX.
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Drawdown Indicators
| TUIFX | NSBDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.37% | -18.75% | +11.38% |
Max Drawdown (1Y)Largest decline over 1 year | -0.87% | -2.12% | +1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -1.64% | -2.17% | +0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -7.37% | -8.88% | +1.51% |
Max Drawdown (10Y)Largest decline over 10 years | -7.37% | -18.75% | +11.38% |
Current DrawdownCurrent decline from peak | -0.26% | -0.18% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -1.74% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 0.51% | -0.12% |
Volatility
TUIFX vs. NSBDX - Volatility Comparison
Toews Unconstrained Income Fund (TUIFX) has a higher volatility of 0.73% compared to North Star Bond Fund (NSBDX) at 0.51%. This indicates that TUIFX's price experiences larger fluctuations and is considered to be riskier than NSBDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TUIFX | NSBDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 0.51% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 1.42% | 1.60% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.13% | 2.00% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.63% | 2.69% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.69% | 3.91% | -1.22% |
TUIFX vs. NSBDX - Expense Ratio Comparison
TUIFX has a 1.25% expense ratio, which is lower than NSBDX's 1.63% expense ratio.
Dividends
TUIFX vs. NSBDX - Dividend Comparison
TUIFX's dividend yield for the trailing twelve months is around 3.96%, less than NSBDX's 4.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NSBDX North Star Bond Fund | 4.13% | 3.72% | 4.48% | 3.45% | 2.49% | 2.72% | 3.23% | 3.34% | 3.50% | 3.61% | 2.98% | 2.86% |
TUIFX Toews Unconstrained Income Fund | 3.96% | 4.17% | 4.68% | 4.09% | 1.05% | 2.13% | 1.33% | 2.44% | 2.05% | 4.34% | 2.29% | 1.19% |
Frequently Asked Questions
TUIFX and NSBDX 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.
TUIFX has higher volatility (0.73%) compared to NSBDX (0.51%). In terms of maximum drawdown, TUIFX dropped -7.37% vs NSBDX's -18.75%.
NSBDX currently has the higher Sharpe Ratio (1.99 vs 1.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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