ZVNBX vs. TVRIX
ZVNBX (Zevenbergen Growth Fund) and TVRIX (Guggenheim Directional Allocation Fund) are both Large Cap Growth Equities funds. Over the past 10 years, ZVNBX returned 16.57%/yr vs 10.07%/yr for TVRIX. A 0.70 correlation means they provide meaningful diversification when combined. ZVNBX charges 1.30%/yr vs 1.09%/yr for TVRIX.
Performance
ZVNBX vs. TVRIX - Performance Comparison
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Returns By Period
In the year-to-date period, ZVNBX achieves a -0.07% return, which is significantly lower than TVRIX's 9.73% return. Over the past 10 years, ZVNBX has outperformed TVRIX with an annualized return of 16.57%, while TVRIX has yielded a comparatively lower 10.07% annualized return.
ZVNBX
- 1D
- 0.00%
- 1M
- -3.96%
- 6M
- 0.27%
- YTD
- -0.07%
- 1Y
- -1.27%
- 3Y*
- 17.10%
- 5Y*
- 0.72%
- 10Y*
- 16.57%
TVRIX
- 1D
- -0.35%
- 1M
- -1.59%
- 6M
- 9.61%
- YTD
- 9.73%
- 1Y
- 18.76%
- 3Y*
- 13.42%
- 5Y*
- 6.28%
- 10Y*
- 10.07%
ZVNBX vs. TVRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZVNBX Zevenbergen Growth Fund | -0.07% | 9.93% | 34.10% | 63.92% | -54.79% | -9.19% | 123.87% | 37.73% | 5.88% | 33.71% |
TVRIX Guggenheim Directional Allocation Fund | 9.73% | 13.83% | 7.87% | 11.00% | -17.53% | 27.30% | 5.08% | 30.45% | -7.53% | 23.45% |
Correlation
The correlation between ZVNBX and TVRIX is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2015 | 0.70 |
The correlation between ZVNBX and TVRIX shifts across timeframes, from 0.68 (5 years) to 0.80 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ZVNBX vs. TVRIX — Risk / Return Rank
ZVNBX
TVRIX
ZVNBX vs. TVRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zevenbergen Growth Fund (ZVNBX) and Guggenheim Directional Allocation Fund (TVRIX). 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.
| ZVNBX | TVRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.31 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 2.33 | -2.20 |
| Martin ratioReturn relative to average drawdown | 0.32 | 10.04 | -9.72 |
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Drawdowns
ZVNBX vs. TVRIX - Drawdown Comparison
The maximum ZVNBX drawdown since its inception was -66.30%, which is greater than TVRIX's maximum drawdown of -39.36%. Use the drawdown chart below to compare losses from any high point for ZVNBX and TVRIX.
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Drawdown Indicators
| ZVNBX | TVRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.30% | -39.36% | -26.94% |
Max Drawdown (1Y)Largest decline over 1 year | -26.79% | -8.45% | -18.34% |
Max Drawdown (3Y)Largest decline over 3 years | -30.14% | -24.87% | -5.27% |
Max Drawdown (5Y)Largest decline over 5 years | -63.28% | -24.87% | -38.41% |
Max Drawdown (10Y)Largest decline over 10 years | -66.30% | -39.36% | -26.94% |
Current DrawdownCurrent decline from peak | -15.70% | -2.12% | -13.58% |
Average DrawdownAverage peak-to-trough decline | -19.80% | -6.03% | -13.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.56% | 1.96% | +8.60% |
Volatility
ZVNBX vs. TVRIX - Volatility Comparison
Zevenbergen Growth Fund (ZVNBX) has a higher volatility of 8.80% compared to Guggenheim Directional Allocation Fund (TVRIX) at 5.59%. This indicates that ZVNBX's price experiences larger fluctuations and is considered to be riskier than TVRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZVNBX | TVRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.80% | 5.59% | +3.21% |
Volatility (6M)Calculated over the trailing 6-month period | 19.12% | 9.41% | +9.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.04% | 11.31% | +12.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.57% | 14.59% | +20.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.43% | 17.80% | +14.63% |
ZVNBX vs. TVRIX - Expense Ratio Comparison
ZVNBX has a 1.30% expense ratio, which is higher than TVRIX's 1.09% expense ratio.
Dividends
ZVNBX vs. TVRIX - Dividend Comparison
ZVNBX's dividend yield for the trailing twelve months is around 1.27%, less than TVRIX's 8.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
TVRIX Guggenheim Directional Allocation Fund | 8.78% | 9.64% | 0.00% | 2.03% | 0.71% | 14.34% | 0.30% | 16.62% | 14.33% |
ZVNBX Zevenbergen Growth Fund | 1.27% | 1.26% | 0.00% | 0.00% | 0.00% | 1.95% | 0.07% | 0.00% | 0.00% |
Frequently Asked Questions
ZVNBX and TVRIX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZVNBX has higher volatility (8.80%) compared to TVRIX (5.59%). In terms of maximum drawdown, ZVNBX dropped -66.30% vs TVRIX's -39.36%.
TVRIX currently has the higher Sharpe Ratio (1.74 vs 0.14), 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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