WTLS vs. TTDAX

Last updated Jun 4, 2026

WTLS (WisdomTree Efficient Long/Short US Equity Fund) and TTDAX (Toews Tactical Defensive Alpha Fund) are both Long-Short funds. A 0.55 correlation means they provide meaningful diversification when combined. WTLS charges 0.88%/yr vs 1.25%/yr for TTDAX.

Performance

WTLS vs. TTDAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Efficient Long/Short US Equity Fund (WTLS) and Toews Tactical Defensive Alpha Fund (TTDAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WTLS

• 1D: -1.04%
• 1M: 9.27%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TTDAX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WTLS vs. TTDAX - Yearly Performance Comparison

	2026 (YTD)
WTLS WisdomTree Efficient Long/Short US Equity Fund	20.44%
TTDAX Toews Tactical Defensive Alpha Fund	-6.36%

Correlation

The correlation between WTLS and TTDAX is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 23, 2026	0.55

Return for Risk

WTLS vs. TTDAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Efficient Long/Short US Equity Fund (WTLS) and Toews Tactical Defensive Alpha Fund (TTDAX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	WTLS	TTDAX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	3.67	—	—

Drawdowns

Drawdown Indicators

	WTLS	TTDAX	Difference
Max Drawdown Largest peak-to-trough decline	-8.94%	—	—
Current Drawdown Current decline from peak	-1.04%	—	—
Average Drawdown Average peak-to-trough decline	-1.78%	—	—

Volatility

Volatility by Period

	WTLS	TTDAX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	18.47%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.47%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.47%	—	—

WTLS vs. TTDAX - Expense Ratio Comparison

WTLS has a 0.88% expense ratio, which is lower than TTDAX's 1.25% expense ratio.

Dividends

WTLS vs. TTDAX - Dividend Comparison

WTLS has not paid dividends to shareholders, while TTDAX's dividend yield for the trailing twelve months is around 2.20%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
TTDAX Toews Tactical Defensive Alpha Fund	2.20%	2.07%	3.30%	2.56%	1.03%	26.63%	4.08%	7.49%	1.35%	13.58%
WTLS WisdomTree Efficient Long/Short US Equity Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WTLS and TTDAX in my portfolio?

WTLS and TTDAX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.