TVRIX vs. MCGFX

Last updated Jun 23, 2026

TVRIX (Guggenheim Directional Allocation Fund) and MCGFX (AMG Montrusco Bolton Large Cap Growth Fund) are both Large Cap Growth Equities funds. Over the past 10 years, TVRIX returned 10.20%/yr vs 10.76%/yr for MCGFX. Their correlation of 0.83 suggests significant overlap in exposure. TVRIX charges 1.09%/yr vs 0.91%/yr for MCGFX.

Performance

TVRIX vs. MCGFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Guggenheim Directional Allocation Fund (TVRIX) and AMG Montrusco Bolton Large Cap Growth Fund (MCGFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TVRIX achieves a 11.06% return, which is significantly lower than MCGFX's 16.46% return. Over the past 10 years, TVRIX has underperformed MCGFX with an annualized return of 10.20%, while MCGFX has yielded a comparatively higher 10.76% annualized return.

TVRIX

• 1D: 1.21%
• 1M: 1.83%
• YTD: 11.06%
• 6M: 10.70%
• 1Y: 25.26%
• 3Y*: 14.23%
• 5Y*: 7.61%
• 10Y*: 10.20%

MCGFX

• 1D: 1.95%
• 1M: 4.82%
• YTD: 16.46%
• 6M: 13.37%
• 1Y: -9.43%
• 3Y*: 6.46%
• 5Y*: 3.76%
• 10Y*: 10.76%

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

TVRIX vs. MCGFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TVRIX Guggenheim Directional Allocation Fund	11.06%	13.83%	7.87%	11.00%	-17.53%	27.30%	5.08%	30.45%	-7.53%	23.45%
MCGFX AMG Montrusco Bolton Large Cap Growth Fund	16.46%	-19.12%	14.37%	34.16%	-27.05%	25.78%	31.91%	32.61%	-1.47%	23.36%

Correlation

The correlation between TVRIX and MCGFX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jun 18, 2012	0.83

The correlation between TVRIX and MCGFX shifts across timeframes, from 0.75 (5 years) to 0.85 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

TVRIX vs. MCGFX — Risk / Return Rank

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

TVRIX

TVRIX Risk / Return Rank: 70
TVRIX Sharpe Ratio Rank: 74
TVRIX Sortino Ratio Rank: 68
TVRIX Omega Ratio Rank: 69
TVRIX Calmar Ratio Rank: 67
TVRIX Martin Ratio Rank: 74

MCGFX

MCGFX Risk / Return Rank: 2
MCGFX Sharpe Ratio Rank: 2
MCGFX Sortino Ratio Rank: 2
MCGFX Omega Ratio Rank: 2
MCGFX Calmar Ratio Rank: 2
MCGFX Martin Ratio Rank: 2

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. MCGFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guggenheim Directional Allocation Fund (TVRIX) and AMG Montrusco Bolton Large Cap Growth Fund (MCGFX). 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	MCGFX	Difference
Sharpe ratio: Return per unit of total volatility	2.30	-0.28	+2.57
Sortino ratio: Return per unit of downside risk	3.12	-0.08	+3.20
Omega ratio: Gain probability vs. loss probability	1.42	0.98	+0.44
Calmar ratio: Return relative to maximum drawdown	3.00	-0.28	+3.28
Martin ratio: Return relative to average drawdown	13.19	-0.50	+13.68

TVRIX vs. MCGFX - Sharpe Ratio Comparison

The current TVRIX Sharpe Ratio is 2.30, which is higher than the MCGFX Sharpe Ratio of -0.28. The chart below compares the historical Sharpe Ratios of TVRIX and MCGFX, 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. MCGFX - Drawdown Comparison

The maximum TVRIX drawdown since its inception was -39.36%, smaller than the maximum MCGFX drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for TVRIX and MCGFX.

Drawdown Indicators

	TVRIX	MCGFX	Difference
Max Drawdown Largest peak-to-trough decline	-39.36%	-45.56%	+6.20%
Max Drawdown (1Y) Largest decline over 1 year	-8.45%	-35.89%	+27.44%
Max Drawdown (3Y) Largest decline over 3 years	-24.87%	-35.89%	+11.02%
Max Drawdown (5Y) Largest decline over 5 years	-24.87%	-35.89%	+11.02%
Max Drawdown (10Y) Largest decline over 10 years	-39.36%	-35.89%	-3.47%
Current Drawdown Current decline from peak	-0.94%	-21.03%	+20.09%
Average Drawdown Average peak-to-trough decline	-6.04%	-10.68%	+4.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	20.12%	-18.20%

Volatility

TVRIX vs. MCGFX - Volatility Comparison

The current volatility for Guggenheim Directional Allocation Fund (TVRIX) is 5.24%, while AMG Montrusco Bolton Large Cap Growth Fund (MCGFX) has a volatility of 6.84%. This indicates that TVRIX experiences smaller price fluctuations and is considered to be less risky than MCGFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TVRIX	MCGFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.24%	6.84%	-1.60%
Volatility (6M) Calculated over the trailing 6-month period	9.14%	40.76%	-31.62%
Volatility (1Y) Calculated over the trailing 1-year period	11.06%	36.36%	-25.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.56%	25.28%	-10.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.87%	22.52%	-4.65%

TVRIX vs. MCGFX - Expense Ratio Comparison

TVRIX has a 1.09% expense ratio, which is higher than MCGFX's 0.91% expense ratio.

Dividends

TVRIX vs. MCGFX - Dividend Comparison

TVRIX's dividend yield for the trailing twelve months is around 8.68%, while MCGFX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MCGFX AMG Montrusco Bolton Large Cap Growth Fund	0.00%	0.00%	10.27%	3.66%	10.96%	78.35%	16.87%	9.08%	25.33%	9.88%	11.33%	33.82%
TVRIX Guggenheim Directional Allocation Fund	8.68%	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 MCGFX in my portfolio?

TVRIX and MCGFX have a correlation of 0.81, 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 MCGFX?

MCGFX has higher volatility (6.84%) compared to TVRIX (5.24%). In terms of maximum drawdown, TVRIX dropped -39.36% vs MCGFX's -45.56%.

Which has better risk-adjusted returns?

TVRIX currently has the higher Sharpe Ratio (2.30 vs -0.28), 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.