WAVLX vs. TUIFX
Compare and contrast key facts about Wavelength Interest Rate Neutral Fund (WAVLX) and Toews Unconstrained Income Fund (TUIFX).
WAVLX is managed by Wavelength Funds. It was launched on Sep 29, 2013. TUIFX is managed by Toews Funds. It was launched on Aug 27, 2013.
Performance
WAVLX vs. TUIFX - Performance Comparison
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WAVLX vs. TUIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WAVLX Wavelength Interest Rate Neutral Fund | -0.07% | 9.86% | 5.21% | 7.02% | -11.34% | 1.72% | 8.29% | 13.07% | -1.46% | 5.59% |
TUIFX Toews Unconstrained Income Fund | 0.31% | 3.55% | 4.53% | 3.08% | -4.36% | -0.20% | 2.58% | 6.97% | -2.82% | 2.10% |
Returns By Period
In the year-to-date period, WAVLX achieves a -0.07% return, which is significantly lower than TUIFX's 0.31% return. Over the past 10 years, WAVLX has outperformed TUIFX with an annualized return of 4.01%, while TUIFX has yielded a comparatively lower 2.03% annualized return.
WAVLX
- 1D
- 0.50%
- 1M
- -2.04%
- YTD
- -0.07%
- 6M
- 0.91%
- 1Y
- 7.66%
- 3Y*
- 6.36%
- 5Y*
- 2.44%
- 10Y*
- 4.01%
TUIFX
- 1D
- 0.11%
- 1M
- -0.34%
- YTD
- 0.31%
- 6M
- 0.30%
- 1Y
- 3.55%
- 3Y*
- 3.65%
- 5Y*
- 1.49%
- 10Y*
- 2.03%
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WAVLX vs. TUIFX - Expense Ratio Comparison
WAVLX has a 0.99% expense ratio, which is lower than TUIFX's 1.25% expense ratio.
Return for Risk
WAVLX vs. TUIFX — Risk / Return Rank
WAVLX
TUIFX
WAVLX vs. TUIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wavelength Interest Rate Neutral Fund (WAVLX) and Toews Unconstrained Income Fund (TUIFX). 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.
| WAVLX | TUIFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 1.69 | -0.32 |
Sortino ratioReturn per unit of downside risk | 1.97 | 2.55 | -0.58 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.76 | 4.22 | -2.46 |
Martin ratioReturn relative to average drawdown | 8.68 | 9.99 | -1.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WAVLX | TUIFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.69 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.57 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 0.75 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.77 | -0.16 |
Correlation
The correlation between WAVLX and TUIFX is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
WAVLX vs. TUIFX - Dividend Comparison
WAVLX's dividend yield for the trailing twelve months is around 3.63%, less than TUIFX's 4.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WAVLX Wavelength Interest Rate Neutral Fund | 3.63% | 3.67% | 4.41% | 4.83% | 3.63% | 2.83% | 2.21% | 4.96% | 2.65% | 2.09% | 2.13% | 2.18% |
TUIFX Toews Unconstrained Income Fund | 4.18% | 4.17% | 4.68% | 4.09% | 1.05% | 2.13% | 1.33% | 2.44% | 2.05% | 4.34% | 2.29% | 1.19% |
Drawdowns
WAVLX vs. TUIFX - Drawdown Comparison
The maximum WAVLX drawdown since its inception was -14.39%, which is greater than TUIFX's maximum drawdown of -7.37%. Use the drawdown chart below to compare losses from any high point for WAVLX and TUIFX.
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Drawdown Indicators
| WAVLX | TUIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.39% | -7.37% | -7.02% |
Max Drawdown (1Y)Largest decline over 1 year | -4.54% | -0.87% | -3.67% |
Max Drawdown (5Y)Largest decline over 5 years | -14.39% | -7.37% | -7.02% |
Max Drawdown (10Y)Largest decline over 10 years | -14.39% | -7.37% | -7.02% |
Current DrawdownCurrent decline from peak | -2.35% | -0.56% | -1.79% |
Average DrawdownAverage peak-to-trough decline | -3.02% | -2.10% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.37% | +0.55% |
Volatility
WAVLX vs. TUIFX - Volatility Comparison
Wavelength Interest Rate Neutral Fund (WAVLX) has a higher volatility of 2.08% compared to Toews Unconstrained Income Fund (TUIFX) at 0.48%. This indicates that WAVLX's price experiences larger fluctuations and is considered to be riskier than TUIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WAVLX | TUIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.08% | 0.48% | +1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 1.25% | +1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.83% | 2.17% | +3.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.55% | 2.62% | +2.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.28% | 2.70% | +2.58% |