TVRIX vs. FDSSX
TVRIX (Guggenheim Directional Allocation Fund) and FDSSX (Fidelity Stock Selector All Cap Fund) are both Large Cap Growth Equities funds. Over the past 10 years, TVRIX returned 9.74%/yr vs 15.01%/yr for FDSSX. Their correlation of 0.91 means they have usually moved in the same direction. TVRIX charges 1.09%/yr vs 0.68%/yr for FDSSX.
Performance
TVRIX vs. FDSSX - Performance Comparison
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Returns By Period
In the year-to-date period, TVRIX achieves a 10.18% return, which is significantly lower than FDSSX's 17.16% return. Over the past 10 years, TVRIX has underperformed FDSSX with an annualized return of 9.74%, while FDSSX has yielded a comparatively higher 15.01% annualized return.
TVRIX
- 1D
- 1.22%
- 1M
- 0.40%
- 6M
- 9.99%
- YTD
- 10.18%
- 1Y
- 18.92%
- 3Y*
- 13.70%
- 5Y*
- 6.18%
- 10Y*
- 9.74%
- ALL TIME*
- 10.19%
FDSSX
- 1D
- 1.58%
- 1M
- 1.51%
- 6M
- 14.26%
- YTD
- 17.16%
- 1Y
- 29.25%
- 3Y*
- 21.56%
- 5Y*
- 12.51%
- 10Y*
- 15.01%
- ALL TIME*
- 11.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TVRIX vs. FDSSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TVRIX Guggenheim Directional Allocation Fund | 10.18% | 13.83% | 7.87% | 11.00% | -17.53% | 27.30% | 5.08% | 30.45% | -7.53% | 23.45% |
FDSSX Fidelity Stock Selector All Cap Fund | 17.16% | 18.89% | 19.79% | 26.94% | -19.55% | 23.14% | 24.90% | 32.21% | -8.61% | 24.42% |
Correlation
The correlation between TVRIX and FDSSX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2012 | 0.91 |
The correlation between TVRIX and FDSSX shifts across timeframes, from 0.82 (5 years) to 0.96 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TVRIX vs. FDSSX — Risk / Return Rank
TVRIX
FDSSX
TVRIX vs. FDSSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Directional Allocation Fund (TVRIX) and Fidelity Stock Selector All Cap Fund (FDSSX). 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 | FDSSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.39 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 3.42 | -1.00 |
| Martin ratioReturn relative to average drawdown | 9.81 | 15.49 | -5.68 |
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Drawdowns
TVRIX vs. FDSSX - Drawdown Comparison
The maximum TVRIX drawdown since its inception was -39.36%, smaller than the maximum FDSSX drawdown of -56.77%. Use the drawdown chart below to compare losses from any high point for TVRIX and FDSSX.
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Drawdown Indicators
| TVRIX | FDSSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.36% | -56.77% | +17.41% |
Max Drawdown (1Y)Largest decline over 1 year | -8.45% | -9.19% | +0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -24.87% | -20.86% | -4.01% |
Max Drawdown (5Y)Largest decline over 5 years | -24.87% | -25.22% | +0.35% |
Max Drawdown (10Y)Largest decline over 10 years | -39.36% | -34.37% | -4.99% |
Current DrawdownCurrent decline from peak | -1.73% | -0.02% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -6.01% | -9.84% | +3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 2.03% | +0.06% |
Volatility
TVRIX vs. FDSSX - Volatility Comparison
The current volatility for Guggenheim Directional Allocation Fund (TVRIX) is 3.77%, while Fidelity Stock Selector All Cap Fund (FDSSX) has a volatility of 4.10%. This indicates that TVRIX experiences smaller price fluctuations and is considered to be less risky than FDSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TVRIX | FDSSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 4.10% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 11.47% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.73% | 14.24% | -2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.57% | 17.92% | -3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.83% | 18.59% | -0.76% |
TVRIX vs. FDSSX - Expense Ratio Comparison
TVRIX has a 1.09% expense ratio, which is higher than FDSSX's 0.68% expense ratio.
Dividends
TVRIX vs. FDSSX - Dividend Comparison
TVRIX's dividend yield for the trailing twelve months is around 8.75%, more than FDSSX's 4.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDSSX Fidelity Stock Selector All Cap Fund | 4.08% | 4.79% | 4.83% | 2.03% | 0.36% | 0.84% | 5.22% | 6.09% | 4.46% | 3.07% | 1.04% | 5.16% |
TVRIX Guggenheim Directional Allocation Fund | 8.75% | 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
With a correlation of 0.96, TVRIX and FDSSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FDSSX has higher volatility (4.10%) compared to TVRIX (3.77%). In terms of maximum drawdown, TVRIX dropped -39.36% vs FDSSX's -56.77%.
FDSSX currently has the higher Sharpe Ratio (2.21 vs 1.75), 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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