CBYYX vs. ILS
CBYYX (Victory Pioneer Cat Bond Fund Class Y) and ILS (Brookmont Catastrophic Bond ETF) are both Nontraditional Bonds funds. Both are actively managed. Over the past year, CBYYX returned 11.04% vs 7.46% for ILS. At a 0.03 correlation, their price movements are largely independent. CBYYX charges 1.46%/yr vs 1.58%/yr for ILS.
Performance
CBYYX vs. ILS - Performance Comparison
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Returns By Period
In the year-to-date period, CBYYX achieves a 2.73% return, which is significantly higher than ILS's 2.17% return.
CBYYX
- 1D
- 0.00%
- 1M
- 0.71%
- YTD
- 2.73%
- 6M
- 2.92%
- 1Y
- 11.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ILS
- 1D
- 0.15%
- 1M
- 1.16%
- YTD
- 2.17%
- 6M
- 2.46%
- 1Y
- 7.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CBYYX vs. ILS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CBYYX Victory Pioneer Cat Bond Fund Class Y | 2.73% | 9.37% |
ILS Brookmont Catastrophic Bond ETF | 2.17% | 3.54% |
Correlation
The correlation between CBYYX and ILS is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2025 | 0.03 |
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Return for Risk
CBYYX vs. ILS — Risk / Return Rank
CBYYX
ILS
CBYYX vs. ILS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Victory Pioneer Cat Bond Fund Class Y (CBYYX) and Brookmont Catastrophic Bond ETF (ILS). 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.
| CBYYX | ILS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.19 | ||
| Sortino ratioReturn per unit of downside risk | +26.55 | ||
| Omega ratioGain probability vs. loss probability | 9.36 | 1.65 | +7.71 |
| Calmar ratioReturn relative to maximum drawdown | 122.09 | 13.55 | +108.55 |
| Martin ratioReturn relative to average drawdown | 440.62 | 49.81 | +390.81 |
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Drawdowns
CBYYX vs. ILS - Drawdown Comparison
The maximum CBYYX drawdown since its inception was -8.72%, which is greater than ILS's maximum drawdown of -2.46%. Use the drawdown chart below to compare losses from any high point for CBYYX and ILS.
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Drawdown Indicators
| CBYYX | ILS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.72% | -2.46% | -6.26% |
Max Drawdown (1Y)Largest decline over 1 year | -0.09% | -0.55% | +0.46% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.29% | -0.54% | -0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 0.15% | -0.12% |
Volatility
CBYYX vs. ILS - Volatility Comparison
The current volatility for Victory Pioneer Cat Bond Fund Class Y (CBYYX) is 0.20%, while Brookmont Catastrophic Bond ETF (ILS) has a volatility of 0.83%. This indicates that CBYYX experiences smaller price fluctuations and is considered to be less risky than ILS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBYYX | ILS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.20% | 0.83% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 0.61% | 1.68% | -1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.22% | 2.58% | -1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.14% | 3.78% | +4.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.14% | 3.78% | +4.36% |
CBYYX vs. ILS - Expense Ratio Comparison
CBYYX has a 1.46% expense ratio, which is lower than ILS's 1.58% expense ratio.
Dividends
CBYYX vs. ILS - Dividend Comparison
CBYYX's dividend yield for the trailing twelve months is around 8.89%, more than ILS's 8.06% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CBYYX Victory Pioneer Cat Bond Fund Class Y | 8.89% | 9.14% | 10.33% | 9.41% |
ILS Brookmont Catastrophic Bond ETF | 8.06% | 6.06% | 0.00% | 0.00% |
Frequently Asked Questions
CBYYX and ILS have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ILS has higher volatility (0.83%) compared to CBYYX (0.20%). In terms of maximum drawdown, CBYYX dropped -8.72% vs ILS's -2.46%.
CBYYX currently has the higher Sharpe Ratio (9.10 vs 2.91), 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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