TVRIX vs. SEQUX

Last updated Aug 1, 2026

TVRIX (Guggenheim Directional Allocation Fund) and SEQUX (Sequoia Fund) are both Large Cap Growth Equities funds. Over the past 10 years, TVRIX returned 9.60%/yr vs 12.38%/yr for SEQUX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. TVRIX charges 1.09%/yr vs 1.00%/yr for SEQUX.

Performance

TVRIX vs. SEQUX - Performance Comparison

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

Returns By Period

In the year-to-date period, TVRIX achieves a 8.52% return, which is significantly higher than SEQUX's 2.85% return. Over the past 10 years, TVRIX has underperformed SEQUX with an annualized return of 9.60%, while SEQUX has yielded a comparatively higher 12.38% annualized return.

TVRIX

• 1D: 1.87%
• 1M: -1.11%
• 6M: 7.80%
• YTD: 8.52%
• 1Y: 18.61%
• 3Y*: 12.34%
• 5Y*: 5.88%
• 10Y*: 9.60%
• ALL TIME*: 10.08%

SEQUX

• 1D: -0.04%
• 1M: 1.11%
• 6M: 3.24%
• YTD: 2.85%
• 1Y: 8.24%
• 3Y*: 17.33%
• 5Y*: 7.68%
• 10Y*: 12.38%
• ALL TIME*: 11.17%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
SEQUX Sequoia Fund	$0.00	$0.00	$0.00
TVRIX Guggenheim Directional Allocation Fund	$0.00	$0.00	$0.00

TVRIX vs. SEQUX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TVRIX Guggenheim Directional Allocation Fund	8.52%	13.83%	7.87%	11.00%	-17.53%	27.30%	5.08%	30.45%	-7.53%	23.45%
SEQUX Sequoia Fund	2.85%	22.01%	20.77%	27.83%	-30.61%	25.35%	23.54%	29.18%	-3.09%	20.04%

Correlation

The correlation between TVRIX and SEQUX is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.57
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (5Y) Shows whether the relationship held over a longer period.	0.65
Correlation (10Y) Provides a long-term view across more market conditions.	0.76
Correlation (All Time) Calculated using the full available price history since Jun 18, 2012	0.77

Over the past year, the correlation between TVRIX and SEQUX has dropped to 0.57 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

Return for Risk

TVRIX vs. SEQUX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TVRIX

TVRIX Risk / Return Rank: 57
TVRIX Sharpe Ratio Rank: 57
TVRIX Sortino Ratio Rank: 54
TVRIX Omega Ratio Rank: 54
TVRIX Calmar Ratio Rank: 56
TVRIX Martin Ratio Rank: 64

SEQUX

SEQUX Risk / Return Rank: 12
SEQUX Sharpe Ratio Rank: 13
SEQUX Sortino Ratio Rank: 14
SEQUX Omega Ratio Rank: 13
SEQUX Calmar Ratio Rank: 11
SEQUX Martin Ratio Rank: 11

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TVRIX vs. SEQUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guggenheim Directional Allocation Fund (TVRIX) and Sequoia Fund (SEQUX). 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	SEQUX	Difference
Sharpe ratio: Return per unit of total volatility	1.43	0.48	+0.95
Sortino ratio: Return per unit of downside risk	2.01	0.82	+1.20
Omega ratio: Gain probability vs. loss probability	1.26	1.09	+0.16
Calmar ratio: Return relative to maximum drawdown	1.99	0.45	+1.54
Martin ratio: Return relative to average drawdown	8.08	1.30	+6.78

TVRIX vs. SEQUX - Sharpe Ratio Comparison

The current TVRIX Sharpe Ratio is 1.43, which is higher than the SEQUX Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of TVRIX and SEQUX, 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. SEQUX - Drawdown Comparison

The maximum TVRIX drawdown since its inception was -39.36%, smaller than the maximum SEQUX drawdown of -45.81%. Use the drawdown chart below to compare losses from any high point for TVRIX and SEQUX.

Drawdown Indicators

	TVRIX	SEQUX	Difference
Max Drawdown Largest peak-to-trough decline	-39.36%	-45.81%	+6.45%
Max Drawdown (1Y) Largest decline over 1 year	-8.45%	-16.62%	+8.17%
Max Drawdown (3Y) Largest decline over 3 years	-24.87%	-16.62%	-8.25%
Max Drawdown (5Y) Largest decline over 5 years	-24.87%	-38.07%	+13.20%
Max Drawdown (10Y) Largest decline over 10 years	-39.36%	-38.07%	-1.29%
Current Drawdown Current decline from peak	-3.21%	-1.25%	-1.96%
Average Drawdown Average peak-to-trough decline	-6.01%	-7.54%	+1.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	5.48%	-3.40%

Volatility

TVRIX vs. SEQUX - Volatility Comparison

The current volatility for Guggenheim Directional Allocation Fund (TVRIX) is 3.68%, while Sequoia Fund (SEQUX) has a volatility of 4.55%. This indicates that TVRIX experiences smaller price fluctuations and is considered to be less risky than SEQUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TVRIX	SEQUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.68%	4.55%	-0.87%
Volatility (6M) Calculated over the trailing 6-month period	9.72%	12.64%	-2.92%
Volatility (1Y) Calculated over the trailing 1-year period	11.74%	15.69%	-3.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.57%	17.82%	-3.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.82%	18.01%	-0.19%

TVRIX vs. SEQUX - Expense Ratio Comparison

TVRIX has a 1.09% expense ratio, which is higher than SEQUX's 1.00% expense ratio.

Dividends

TVRIX vs. SEQUX - Dividend Comparison

TVRIX's dividend yield for the trailing twelve months is around 8.88%, more than SEQUX's 5.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SEQUX Sequoia Fund	5.33%	9.72%	4.97%	0.00%	3.09%	14.82%	13.50%	8.14%	25.71%	13.72%	18.84%	5.07%
TVRIX Guggenheim Directional Allocation Fund	8.88%	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 SEQUX in my portfolio?

TVRIX and SEQUX have a correlation of 0.57, 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 SEQUX?

SEQUX has higher volatility (4.55%) compared to TVRIX (3.68%). In terms of maximum drawdown, TVRIX dropped -39.36% vs SEQUX's -45.81%.

Which has better risk-adjusted returns?

TVRIX currently has the higher Sharpe Ratio (1.43 vs 0.48), 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.