CBYYX vs. SRDAX
CBYYX (Victory Pioneer Cat Bond Fund Class Y) and SRDAX (Stone Ridge Diversified Alternatives Fund) are both mutual funds - CBYYX is a Nontraditional Bonds fund actively managed by Victory, while SRDAX is a Multistrategy fund managed by STONE RIDGE. Over the past year, CBYYX returned 11.04% vs 9.14% for SRDAX. At a 0.09 correlation, their price movements are largely independent. CBYYX charges 1.46%/yr vs 1.27%/yr for SRDAX.
Performance
CBYYX vs. SRDAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CBYYX achieves a 2.82% return, which is significantly lower than SRDAX's 4.46% return.
CBYYX
- 1D
- 0.09%
- 1M
- 0.80%
- YTD
- 2.82%
- 6M
- 3.01%
- 1Y
- 11.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SRDAX
- 1D
- 0.10%
- 1M
- -0.10%
- YTD
- 4.46%
- 6M
- 4.46%
- 1Y
- 9.14%
- 3Y*
- 7.56%
- 5Y*
- 8.11%
- 10Y*
- —
CBYYX vs. SRDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CBYYX Victory Pioneer Cat Bond Fund Class Y | 2.82% | 11.09% | 15.69% | 3.43% |
SRDAX Stone Ridge Diversified Alternatives Fund | 4.46% | 0.37% | 8.46% | 3.77% |
Correlation
The correlation between CBYYX and SRDAX is 0.09, 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 | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2023 | 0.09 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CBYYX vs. SRDAX — Risk / Return Rank
CBYYX
SRDAX
CBYYX vs. SRDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Victory Pioneer Cat Bond Fund Class Y (CBYYX) and Stone Ridge Diversified Alternatives Fund (SRDAX). 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 | SRDAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.44 | ||
| Sortino ratioReturn per unit of downside risk | +27.66 | ||
| Omega ratioGain probability vs. loss probability | 9.43 | 1.54 | +7.89 |
| Calmar ratioReturn relative to maximum drawdown | 123.18 | 3.35 | +119.83 |
| Martin ratioReturn relative to average drawdown | 444.54 | 13.07 | +431.47 |
Loading charts...
Drawdowns
CBYYX vs. SRDAX - Drawdown Comparison
The maximum CBYYX drawdown since its inception was -8.72%, smaller than the maximum SRDAX drawdown of -11.90%. Use the drawdown chart below to compare losses from any high point for CBYYX and SRDAX.
Loading charts...
Drawdown Indicators
| CBYYX | SRDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.72% | -11.90% | +3.18% |
Max Drawdown (1Y)Largest decline over 1 year | -0.09% | -2.67% | +2.58% |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.15% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.90% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.67% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -1.28% | -2.32% | +1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 0.69% | -0.66% |
Volatility
CBYYX vs. SRDAX - Volatility Comparison
The current volatility for Victory Pioneer Cat Bond Fund Class Y (CBYYX) is 0.21%, while Stone Ridge Diversified Alternatives Fund (SRDAX) has a volatility of 0.72%. This indicates that CBYYX experiences smaller price fluctuations and is considered to be less risky than SRDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CBYYX | SRDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.21% | 0.72% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 0.62% | 2.41% | -1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.22% | 3.28% | -2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.14% | 6.98% | +1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.14% | 6.76% | +1.38% |
CBYYX vs. SRDAX - Expense Ratio Comparison
CBYYX has a 1.46% expense ratio, which is higher than SRDAX's 1.27% expense ratio.
Dividends
CBYYX vs. SRDAX - Dividend Comparison
CBYYX's dividend yield for the trailing twelve months is around 8.89%, more than SRDAX's 8.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CBYYX Victory Pioneer Cat Bond Fund Class Y | 8.89% | 9.14% | 10.33% | 9.41% | 0.00% | 0.00% | 0.00% |
SRDAX Stone Ridge Diversified Alternatives Fund | 8.17% | 8.53% | 8.16% | 14.97% | 3.22% | 8.99% | 3.07% |
Frequently Asked Questions
CBYYX and SRDAX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SRDAX has higher volatility (0.72%) compared to CBYYX (0.21%). In terms of maximum drawdown, CBYYX dropped -8.72% vs SRDAX's -11.90%.
CBYYX currently has the higher Sharpe Ratio (9.18 vs 2.74), 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.
Find the right allocation for CBYYX and SRDAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer