TVRIX vs. ADX

Last updated Jun 24, 2026

TVRIX (Guggenheim Directional Allocation Fund) and ADX (Adams Diversified Equity Fund, Inc.) are both mutual funds - TVRIX is a Large Cap Growth Equities fund managed by Guggenheim, while ADX is a Large Cap Blend Equities fund actively managed by Adams Funds. Over the past 10 years, TVRIX returned 10.50%/yr vs 18.44%/yr for ADX. Their correlation of 0.81 suggests significant overlap in exposure. TVRIX charges 1.09%/yr vs 0.59%/yr for ADX.

Performance

TVRIX vs. ADX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Guggenheim Directional Allocation Fund (TVRIX) and Adams Diversified Equity Fund, Inc. (ADX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with TVRIX having a 11.23% return and ADX slightly lower at 11.06%. Over the past 10 years, TVRIX has underperformed ADX with an annualized return of 10.50%, while ADX has yielded a comparatively higher 18.44% annualized return.

TVRIX

• 1D: 0.15%
• 1M: 1.98%
• YTD: 11.23%
• 6M: 10.48%
• 1Y: 24.46%
• 3Y*: 14.75%
• 5Y*: 7.16%
• 10Y*: 10.50%

ADX

• 1D: -0.44%
• 1M: -0.52%
• YTD: 11.06%
• 6M: 11.92%
• 1Y: 28.91%
• 3Y*: 27.63%
• 5Y*: 16.53%
• 10Y*: 18.44%

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

TVRIX vs. ADX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TVRIX Guggenheim Directional Allocation Fund	11.23%	13.83%	7.87%	11.00%	-17.53%	27.30%	5.08%	30.45%	-7.53%	23.45%
ADX Adams Diversified Equity Fund, Inc.	11.06%	26.03%	28.31%	31.49%	-19.82%	29.69%	17.28%	36.75%	-3.58%	29.61%

Correlation

The correlation between TVRIX and ADX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jun 18, 2012	0.81

The correlation between TVRIX and ADX has been stable across timeframes, ranging from 0.74 to 0.82 - a consistent structural relationship.

Return for Risk

TVRIX vs. ADX — Risk / Return Rank

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

TVRIX

TVRIX Risk / Return Rank: 71
TVRIX Sharpe Ratio Rank: 74
TVRIX Sortino Ratio Rank: 68
TVRIX Omega Ratio Rank: 69
TVRIX Calmar Ratio Rank: 68
TVRIX Martin Ratio Rank: 75

ADX

ADX Risk / Return Rank: 61
ADX Sharpe Ratio Rank: 55
ADX Sortino Ratio Rank: 56
ADX Omega Ratio Rank: 48
ADX Calmar Ratio Rank: 61
ADX Martin Ratio Rank: 84

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.

TVRIX vs. ADX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guggenheim Directional Allocation Fund (TVRIX) and Adams Diversified Equity Fund, Inc. (ADX). 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.

	TVRIX	ADX	Difference
Sharpe ratio: Return per unit of total volatility	2.31	2.02	+0.30
Sortino ratio: Return per unit of downside risk	3.14	2.89	+0.26
Omega ratio: Gain probability vs. loss probability	1.42	1.35	+0.08
Calmar ratio: Return relative to maximum drawdown	3.02	2.86	+0.17
Martin ratio: Return relative to average drawdown	13.28	14.47	-1.18

TVRIX vs. ADX - Sharpe Ratio Comparison

The current TVRIX Sharpe Ratio is 2.31, which is comparable to the ADX Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of TVRIX and ADX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TVRIX vs. ADX - Drawdown Comparison

The maximum TVRIX drawdown since its inception was -39.36%, smaller than the maximum ADX drawdown of -71.60%. Use the drawdown chart below to compare losses from any high point for TVRIX and ADX.

Drawdown Indicators

	TVRIX	ADX	Difference
Max Drawdown Largest peak-to-trough decline	-39.36%	-71.60%	+32.24%
Max Drawdown (1Y) Largest decline over 1 year	-8.45%	-10.16%	+1.71%
Max Drawdown (3Y) Largest decline over 3 years	-24.87%	-18.29%	-6.58%
Max Drawdown (5Y) Largest decline over 5 years	-24.87%	-25.07%	+0.20%
Max Drawdown (10Y) Largest decline over 10 years	-39.36%	-37.17%	-2.19%
Current Drawdown Current decline from peak	-0.79%	-2.85%	+2.06%
Average Drawdown Average peak-to-trough decline	-6.04%	-22.11%	+16.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	2.00%	-0.08%

Volatility

TVRIX vs. ADX - Volatility Comparison

Guggenheim Directional Allocation Fund (TVRIX) has a higher volatility of 5.12% compared to Adams Diversified Equity Fund, Inc. (ADX) at 4.84%. This indicates that TVRIX's price experiences larger fluctuations and is considered to be riskier than ADX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TVRIX	ADX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.12%	4.84%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	9.07%	11.12%	-2.05%
Volatility (1Y) Calculated over the trailing 1-year period	11.08%	14.43%	-3.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.55%	17.40%	-2.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.88%	18.05%	-0.17%

TVRIX vs. ADX - Expense Ratio Comparison

TVRIX has a 1.09% expense ratio, which is higher than ADX's 0.59% expense ratio.

Dividends

TVRIX vs. ADX - Dividend Comparison

TVRIX's dividend yield for the trailing twelve months is around 8.66%, more than ADX's 7.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADX Adams Diversified Equity Fund, Inc.	7.51%	7.93%	12.38%	7.34%	7.36%	15.35%	6.54%	9.00%	15.85%	9.18%	7.79%	7.17%
TVRIX Guggenheim Directional Allocation Fund	8.66%	9.64%	0.00%	2.03%	0.71%	14.34%	0.30%	16.62%	14.33%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TVRIX and ADX in my portfolio?

TVRIX and ADX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TVRIX or ADX?

TVRIX has higher volatility (5.12%) compared to ADX (4.84%). In terms of maximum drawdown, TVRIX dropped -39.36% vs ADX's -71.60%.

Which has better risk-adjusted returns?

TVRIX currently has the higher Sharpe Ratio (2.31 vs 2.02), 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.