VELIX vs. TANDX
VELIX (VELA Large Cap Plus Fund) and TANDX (Castle Tandem Fund) are both Large Cap Blend Equities funds. Over the past 5 years, VELIX returned 8.02%/yr vs 2.31%/yr for TANDX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. VELIX charges 1.84%/yr vs 1.59%/yr for TANDX.
Performance
VELIX vs. TANDX - Performance Comparison
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Returns By Period
In the year-to-date period, VELIX achieves a 2.06% return, which is significantly higher than TANDX's -6.75% return.
VELIX
- 1D
- -0.46%
- 1M
- 1.17%
- 6M
- 1.23%
- YTD
- 2.06%
- 1Y
- 9.06%
- 3Y*
- 10.07%
- 5Y*
- 8.02%
- 10Y*
- —
- ALL TIME*
- 13.00%
TANDX
- 1D
- -0.76%
- 1M
- 3.12%
- 6M
- -5.57%
- YTD
- -6.75%
- 1Y
- -7.42%
- 3Y*
- 1.92%
- 5Y*
- 2.31%
- 10Y*
- —
- ALL TIME*
- 6.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
TANDX Castle Tandem Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
VELIX vs. TANDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VELIX VELA Large Cap Plus Fund | 2.06% | 9.43% | 14.65% | 15.80% | -7.48% | 28.21% | 14.63% |
TANDX Castle Tandem Fund | -6.75% | 3.67% | 7.66% | 8.42% | -7.87% | 19.03% | 9.78% |
Correlation
The correlation between VELIX and TANDX is 0.78, 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. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2020 | 0.78 |
The correlation between VELIX and TANDX has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.
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Return for Risk
VELIX vs. TANDX — Risk / Return Rank
VELIX
TANDX
VELIX vs. TANDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VELA Large Cap Plus Fund (VELIX) and Castle Tandem Fund (TANDX). 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.
| VELIX | TANDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.48 | ||
| Sortino ratioReturn per unit of downside risk | +2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.88 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | -0.50 | +1.33 |
| Martin ratioReturn relative to average drawdown | 2.67 | -0.96 | +3.64 |
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Drawdowns
VELIX vs. TANDX - Drawdown Comparison
The maximum VELIX drawdown since its inception was -16.39%, smaller than the maximum TANDX drawdown of -93.98%. Use the drawdown chart below to compare losses from any high point for VELIX and TANDX.
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Drawdown Indicators
| VELIX | TANDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.39% | -93.98% | +77.59% |
Max Drawdown (1Y)Largest decline over 1 year | -8.24% | -16.88% | +8.64% |
Max Drawdown (3Y)Largest decline over 3 years | -15.80% | -93.98% | +78.18% |
Max Drawdown (5Y)Largest decline over 5 years | -16.39% | -93.98% | +77.59% |
Current DrawdownCurrent decline from peak | -0.57% | -93.48% | +92.91% |
Average DrawdownAverage peak-to-trough decline | -3.34% | -21.84% | +18.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 8.79% | -6.23% |
Volatility
VELIX vs. TANDX - Volatility Comparison
The current volatility for VELA Large Cap Plus Fund (VELIX) is 3.73%, while Castle Tandem Fund (TANDX) has a volatility of 4.71%. This indicates that VELIX experiences smaller price fluctuations and is considered to be less risky than TANDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VELIX | TANDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 4.71% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 7.90% | 8.74% | -0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 10.68% | -0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.23% | 596.04% | -582.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.49% | 491.15% | -477.66% |
VELIX vs. TANDX - Expense Ratio Comparison
VELIX has a 1.84% expense ratio, which is higher than TANDX's 1.59% expense ratio.
Dividends
VELIX vs. TANDX - Dividend Comparison
VELIX's dividend yield for the trailing twelve months is around 6.95%, more than TANDX's 6.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TANDX Castle Tandem Fund | 6.62% | 6.17% | 3.71% | 2.10% | 1.48% | 4.57% | 0.33% | 0.37% |
VELIX VELA Large Cap Plus Fund | 6.95% | 7.10% | 6.86% | 0.04% | 1.79% | 0.35% | 0.12% | 0.00% |
Frequently Asked Questions
VELIX and TANDX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TANDX has higher volatility (4.71%) compared to VELIX (3.73%). In terms of maximum drawdown, VELIX dropped -16.39% vs TANDX's -93.98%.
VELIX currently has the higher Sharpe Ratio (0.69 vs -0.80), 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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