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ZDIVX vs. TOWFX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ZDIVX vs. TOWFX

Last updated Jun 20, 2026

ZDIVX (Zacks Dividend Fund) and TOWFX (Towpath Focus Fund) are both Large Cap Value Equities funds. Over the past 5 years, ZDIVX returned 10.74%/yr vs 11.79%/yr for TOWFX. Their correlation of 0.88 suggests significant overlap in exposure. ZDIVX charges 1.30%/yr vs 1.11%/yr for TOWFX.

Performance

ZDIVX vs. TOWFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Zacks Dividend Fund (ZDIVX) and Towpath Focus Fund (TOWFX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, ZDIVX achieves a 9.55% return, which is significantly higher than TOWFX's 6.57% return.

ZDIVX

1D
-0.29%
1M
1.48%
YTD
9.55%
6M
9.74%
1Y
21.82%
3Y*
15.80%
5Y*
10.74%
10Y*
10.73%

TOWFX

1D
-0.73%
1M
-0.44%
YTD
6.57%
6M
6.83%
1Y
23.14%
3Y*
17.80%
5Y*
11.79%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ZDIVX vs. TOWFX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
ZDIVX
Zacks Dividend Fund		9.55%15.24%16.03%4.36%-2.11%25.17%-0.56%0.27%
TOWFX
Towpath Focus Fund		6.57%23.51%13.22%12.33%-2.06%26.52%19.46%0.00%

Correlation

The correlation between ZDIVX and TOWFX is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.74

Correlation (3Y)
Calculated over the trailing 3-year period

0.81

Correlation (5Y)
Calculated over the trailing 5-year period

0.86

Correlation (All Time)
Calculated using the full available price history since Dec 31, 2019

0.88

The correlation between ZDIVX and TOWFX shifts across timeframes, from 0.74 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Zacks Dividend Fund

Towpath Focus Fund

Often compared with ZDIVX:
ZDIVX vs. FIDIZDIVX vs. CYH.TOZDIVX vs. SCHDZDIVX vs. XEF.TOZDIVX vs. VDY.TOZDIVX vs. QQQZDIVX vs. FSPGX
Often compared with TOWFX:
TOWFX vs. SSHFXTOWFX vs. PRWAXTOWFX vs. AVLVXTOWFX vs. APFWXTOWFX vs. AFVLXTOWFX vs. OANMXTOWFX vs. VEIPX

Return for Risk

ZDIVX vs. TOWFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZDIVX
ZDIVX Risk / Return Rank: 7272
Overall Rank
ZDIVX Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
ZDIVX Sortino Ratio Rank: 7676
Sortino Ratio Rank
ZDIVX Omega Ratio Rank: 6666
Omega Ratio Rank
ZDIVX Calmar Ratio Rank: 7676
Calmar Ratio Rank
ZDIVX Martin Ratio Rank: 6868
Martin Ratio Rank
TOWFX
TOWFX Risk / Return Rank: 8686
Overall Rank
TOWFX Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
TOWFX Sortino Ratio Rank: 8585
Sortino Ratio Rank
TOWFX Omega Ratio Rank: 7575
Omega Ratio Rank
TOWFX Calmar Ratio Rank: 9393
Calmar Ratio Rank
TOWFX Martin Ratio Rank: 9393
Martin Ratio Rank
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.

ZDIVX vs. TOWFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Zacks Dividend Fund (ZDIVX) and Towpath Focus Fund (TOWFX). 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.

ZDIVXTOWFXDifference
Sharpe ratioReturn per unit of total volatility
2.23
2.50

-0.27

Sortino ratioReturn per unit of downside risk
3.28
3.66

-0.38

Omega ratioGain probability vs. loss probability

1.40

1.44

-0.04

Calmar ratioReturn relative to maximum drawdown

3.20

4.87

-1.67

Martin ratioReturn relative to average drawdown

11.94

18.34

-6.39

ZDIVX vs. TOWFX - Sharpe Ratio Comparison

The current ZDIVX Sharpe Ratio is 2.23, which is comparable to the TOWFX Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of ZDIVX and TOWFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ZDIVX vs. TOWFX - Drawdown Comparison

The maximum ZDIVX drawdown since its inception was -35.27%, smaller than the maximum TOWFX drawdown of -96.18%. Use the drawdown chart below to compare losses from any high point for ZDIVX and TOWFX.

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Drawdown Indicators

ZDIVXTOWFXDifference

Max Drawdown

Largest peak-to-trough decline

-35.27%

-96.18%

+60.91%

Max Drawdown (1Y)

Largest decline over 1 year

-6.93%

-4.72%

-2.21%

Max Drawdown (3Y)

Largest decline over 3 years

-14.07%

-96.18%

+82.11%

Max Drawdown (5Y)

Largest decline over 5 years

-17.18%

-96.18%

+79.00%

Max Drawdown (10Y)

Largest decline over 10 years

-35.27%

—

—

Current Drawdown

Current decline from peak

-1.25%

-94.73%

+93.48%

Average Drawdown

Average peak-to-trough decline

-3.88%

-23.54%

+19.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.85%

1.25%

+0.60%

Volatility

ZDIVX vs. TOWFX - Volatility Comparison

Zacks Dividend Fund (ZDIVX) and Towpath Focus Fund (TOWFX) have volatilities of 2.94% and 2.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ZDIVXTOWFXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.94%

2.87%

+0.07%

Volatility (6M)

Calculated over the trailing 6-month period

7.53%

6.92%

+0.61%

Volatility (1Y)

Calculated over the trailing 1-year period

9.91%

9.17%

+0.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.53%

1,041.55%

-1,028.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.24%

916.63%

-900.39%

ZDIVX vs. TOWFX - Expense Ratio Comparison

ZDIVX has a 1.30% expense ratio, which is higher than TOWFX's 1.11% expense ratio.

Dividends

ZDIVX vs. TOWFX - Dividend Comparison

ZDIVX's dividend yield for the trailing twelve months is around 3.38%, more than TOWFX's 1.71% yield.

PositionTTM20252024202320222021202020192018201720162015
TOWFX
Towpath Focus Fund		1.71%1.82%1.49%2.81%2.05%5.69%5.94%0.00%0.00%0.00%0.00%0.00%
ZDIVX
Zacks Dividend Fund		3.38%3.70%5.88%6.01%6.32%3.97%2.81%2.51%6.66%3.30%1.59%2.85%

Frequently Asked Questions

ZDIVX and TOWFX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ZDIVX has higher volatility (2.94%) compared to TOWFX (2.87%). In terms of maximum drawdown, ZDIVX dropped -35.27% vs TOWFX's -96.18%.

TOWFX currently has the higher Sharpe Ratio (2.50 vs 2.23), 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.

Portfolio Optimizer

Find the right allocation for ZDIVX and TOWFX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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