EMCAX vs. GPSCX

Last updated Aug 4, 2026

EMCAX (Empiric Fund) and GPSCX (Victory RS Small Cap Equity Fund) are both Small Cap Growth Equities funds. Their correlation of 0.81 means they have usually moved in the same direction. EMCAX charges 1.96%/yr vs 1.25%/yr for GPSCX.

Performance

EMCAX vs. GPSCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Empiric Fund (EMCAX) and Victory RS Small Cap Equity Fund (GPSCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EMCAX

• 1D: 0.64%
• 1M: -0.09%
• 6M: 11.61%
• YTD: 14.75%
• 1Y: 18.45%
• 3Y*: 11.84%
• 5Y*: 4.44%
• 10Y*: 10.93%
• ALL TIME*: 9.18%

GPSCX

• 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)
EMCAX Empiric Fund	$0.00	$0.00	$0.00

EMCAX vs. GPSCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EMCAX Empiric Fund	14.75%	2.37%	13.89%	12.43%	-16.06%	16.07%	27.81%	19.10%	-4.64%	21.82%
GPSCX Victory RS Small Cap Equity Fund	0.00%	-13.27%	24.26%	7.27%	-37.24%	-7.96%	37.80%	38.52%	-8.92%	37.59%

Correlation

The correlation between EMCAX and GPSCX is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	0.61
Correlation (5Y) Shows whether the relationship held over a longer period.	0.76
Correlation (10Y) Provides a long-term view across more market conditions.	0.83
Correlation (All Time) Calculated using the full available price history since Jan 2, 1998	0.81

The correlation between EMCAX and GPSCX shifts across timeframes, from 0.61 (3 years) to 0.83 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

EMCAX vs. GPSCX — Risk / Return Rank

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

EMCAX

EMCAX Risk / Return Rank: 40
EMCAX Sharpe Ratio Rank: 35
EMCAX Sortino Ratio Rank: 36
EMCAX Omega Ratio Rank: 32
EMCAX Calmar Ratio Rank: 49
EMCAX Martin Ratio Rank: 49

GPSCX

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.

EMCAX vs. GPSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Empiric Fund (EMCAX) and Victory RS Small Cap Equity Fund (GPSCX). 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.

	EMCAX	GPSCX	Difference
Sharpe ratio: Return per unit of total volatility	1.18	—	—
Sortino ratio: Return per unit of downside risk	1.80	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	2.00	—	—
Martin ratio: Return relative to average drawdown	7.29	—	—

Drawdowns

Drawdown Indicators

	EMCAX	GPSCX	Difference
Max Drawdown Largest peak-to-trough decline	-51.81%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-8.60%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.19%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.60%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.79%	—	—
Current Drawdown Current decline from peak	-1.45%	—	—
Average Drawdown Average peak-to-trough decline	-13.21%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	—	—

Volatility

Volatility by Period

	EMCAX	GPSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.57%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.12%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.17%	—	—

EMCAX vs. GPSCX - Expense Ratio Comparison

EMCAX has a 1.96% expense ratio, which is higher than GPSCX's 1.25% expense ratio.

Dividends

EMCAX vs. GPSCX - Dividend Comparison

EMCAX's dividend yield for the trailing twelve months is around 0.12%, while GPSCX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMCAX Empiric Fund	0.12%	0.13%	0.13%	0.00%	0.00%	0.51%	7.46%	0.00%	0.00%	0.00%	0.00%	0.00%
GPSCX Victory RS Small Cap Equity Fund	0.00%	0.48%	0.00%	0.00%	11.02%	24.10%	22.25%	11.69%	33.03%	5.00%	0.00%	40.41%

Frequently Asked Questions

Can I hold both EMCAX and GPSCX in my portfolio?

EMCAX and GPSCX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.