CBYYX vs. QFITX

Last updated Aug 1, 2026

CBYYX (Victory Pioneer Cat Bond Fund Class Y) and QFITX (Quantified Tactical Fixed Income Fund) are both Nontraditional Bonds funds. Their 0.01 correlation means their historical movements had little consistent relationship. CBYYX charges 1.46%/yr vs 1.56%/yr for QFITX.

Performance

CBYYX vs. QFITX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victory Pioneer Cat Bond Fund Class Y (CBYYX) and Quantified Tactical Fixed Income Fund (QFITX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CBYYX

• 1D: 0.09%
• 1M: 0.88%
• 6M: 3.71%
• YTD: 4.19%
• 1Y: 10.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.90%

QFITX

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

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CBYYX Victory Pioneer Cat Bond Fund Class Y	$0.00	$0.00	$0.00

CBYYX vs. QFITX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CBYYX Victory Pioneer Cat Bond Fund Class Y	4.19%	11.09%	15.69%	3.43%
QFITX Quantified Tactical Fixed Income Fund	-4.59%	-7.64%	-1.03%	-8.49%

Correlation

The correlation between CBYYX and QFITX is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.02
Correlation (All Time) Calculated using the full available price history since Sep 6, 2023	0.01

Return for Risk

CBYYX vs. QFITX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CBYYX

CBYYX Risk / Return Rank: 100
CBYYX Sharpe Ratio Rank: 100
CBYYX Sortino Ratio Rank: 100
CBYYX Omega Ratio Rank: 100
CBYYX Calmar Ratio Rank: 100
CBYYX Martin Ratio Rank: 100

QFITX

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CBYYX vs. QFITX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory Pioneer Cat Bond Fund Class Y (CBYYX) and Quantified Tactical Fixed Income Fund (QFITX). 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	QFITX	Difference
Sharpe ratio: Return per unit of total volatility	9.08	—	—
Sortino ratio: Return per unit of downside risk	33.15	—	—
Omega ratio: Gain probability vs. loss probability	10.55	—	—
Calmar ratio: Return relative to maximum drawdown	119.62	—	—
Martin ratio: Return relative to average drawdown	454.94	—	—

Drawdowns

Drawdown Indicators

	CBYYX	QFITX	Difference
Max Drawdown Largest peak-to-trough decline	-8.72%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-0.09%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-1.24%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.02%	—	—

Volatility

Volatility by Period

	CBYYX	QFITX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.24%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.64%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.20%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.99%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.99%	—	—

CBYYX vs. QFITX - Expense Ratio Comparison

CBYYX has a 1.46% expense ratio, which is lower than QFITX's 1.56% expense ratio.

Dividends

CBYYX vs. QFITX - Dividend Comparison

CBYYX's dividend yield for the trailing twelve months is around 8.77%, less than QFITX's 16.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CBYYX Victory Pioneer Cat Bond Fund Class Y	8.77%	9.14%	10.33%	9.41%	0.00%	0.00%	0.00%	0.00%
QFITX Quantified Tactical Fixed Income Fund	16.08%	12.72%	3.70%	0.08%	0.15%	29.15%	2.12%	4.28%

Frequently Asked Questions

Can I hold both CBYYX and QFITX in my portfolio?

CBYYX and QFITX 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.