ATGAX vs. MISIX

Last updated Jun 4, 2026

ATGAX (Aquila Opportunity Growth Fund) and MISIX (Victory Trivalent International Small-Cap Fund Class I) are both Mid Cap Blend Equities funds. At a correlation of -1.00, they often move in opposite directions. ATGAX charges 1.50%/yr vs 0.97%/yr for MISIX.

Performance

ATGAX vs. MISIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Aquila Opportunity Growth Fund (ATGAX) and Victory Trivalent International Small-Cap Fund Class I (MISIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ATGAX

• 1D: 1.15%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MISIX

• 1D: -0.71%
• 1M: 2.41%
• YTD: 13.24%
• 6M: 16.14%
• 1Y: 33.40%
• 3Y*: 21.60%
• 5Y*: 8.22%
• 10Y*: 10.22%

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

ATGAX vs. MISIX - Yearly Performance Comparison

	2026 (YTD)
ATGAX Aquila Opportunity Growth Fund	2.03%
MISIX Victory Trivalent International Small-Cap Fund Class I	-0.31%

Correlation

The correlation between ATGAX and MISIX is -1.00, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	-1.00

Return for Risk

ATGAX vs. MISIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MISIX

MISIX Risk / Return Rank: 46
MISIX Sharpe Ratio Rank: 50
MISIX Sortino Ratio Rank: 47
MISIX Omega Ratio Rank: 48
MISIX Calmar Ratio Rank: 39
MISIX Martin Ratio Rank: 44

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.

ATGAX vs. MISIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aquila Opportunity Growth Fund (ATGAX) and Victory Trivalent International Small-Cap Fund Class I (MISIX). 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

	ATGAX	MISIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.09	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.46	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	58.33	0.35	+57.98

Drawdowns

ATGAX vs. MISIX - Drawdown Comparison

The maximum ATGAX drawdown since its inception was 0.00%, smaller than the maximum MISIX drawdown of -67.61%. Use the drawdown chart below to compare losses from any high point for ATGAX and MISIX.

Drawdown Indicators

	ATGAX	MISIX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-67.61%	+67.61%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.84%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.69%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.82%	—
Current Drawdown Current decline from peak	0.00%	-1.75%	+1.75%
Average Drawdown Average peak-to-trough decline	0.00%	-16.87%	+16.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.48%	—

Volatility

Volatility by Period

	ATGAX	MISIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.85%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.26%	15.69%	-6.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.26%	17.94%	-8.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.26%	17.94%	-8.68%

ATGAX vs. MISIX - Expense Ratio Comparison

ATGAX has a 1.50% expense ratio, which is higher than MISIX's 0.97% expense ratio.

Dividends

ATGAX vs. MISIX - Dividend Comparison

ATGAX has not paid dividends to shareholders, while MISIX's dividend yield for the trailing twelve months is around 5.34%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ATGAX Aquila Opportunity Growth Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MISIX Victory Trivalent International Small-Cap Fund Class I	5.34%	6.05%	2.27%	1.90%	1.12%	8.61%	0.41%	1.99%	3.59%	1.85%	1.56%	1.21%

Frequently Asked Questions

Can I hold both ATGAX and MISIX in my portfolio?

ATGAX and MISIX have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.