FLARX vs. USNQX
FLARX (Victory Pioneer Floating Rate Fund Class A) and USNQX (USAA Nasdaq 100 Index Fund) are both mutual funds - FLARX is a Bank Loan fund actively managed by Victory, while USNQX is a Nasdaq-100 fund tracking the Nasdaq-100 Index. FLARX is actively managed, while USNQX is passively managed. Over the past 10 years, FLARX returned 3.64%/yr vs 19.98%/yr for USNQX. Their 0.14 correlation means their historical movements had little consistent relationship. FLARX charges 1.08%/yr vs 0.42%/yr for USNQX.
Performance
FLARX vs. USNQX - Performance Comparison
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Returns By Period
In the year-to-date period, FLARX achieves a 2.10% return, which is significantly lower than USNQX's 11.42% return. Over the past 10 years, FLARX has underperformed USNQX with an annualized return of 3.64%, while USNQX has yielded a comparatively higher 19.98% annualized return.
FLARX
- 1D
- 0.17%
- 1M
- 0.17%
- 6M
- 2.24%
- YTD
- 2.10%
- 1Y
- 3.81%
- 3Y*
- 5.32%
- 5Y*
- 4.01%
- 10Y*
- 3.64%
- ALL TIME*
- 3.28%
USNQX
- 1D
- 3.39%
- 1M
- -4.21%
- 6M
- 10.11%
- YTD
- 11.42%
- 1Y
- 23.71%
- 3Y*
- 21.71%
- 5Y*
- 13.81%
- 10Y*
- 19.98%
- ALL TIME*
- 9.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
FLARX vs. USNQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLARX Victory Pioneer Floating Rate Fund Class A | 2.10% | 4.55% | 7.40% | 8.89% | -3.77% | 4.17% | 0.94% | 7.23% | -0.32% | 3.41% |
USNQX USAA Nasdaq 100 Index Fund | 11.42% | 20.52% | 25.42% | 54.46% | -32.71% | 26.82% | 48.31% | 38.86% | -0.43% | 32.30% |
Correlation
The correlation between FLARX and USNQX is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.23 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2007 | 0.14 |
Over the past year, FLARX and USNQX have become more correlated (0.37) than their long-term average of 0.14, meaning their price movements have been converging.
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Return for Risk
FLARX vs. USNQX — Risk / Return Rank
FLARX
USNQX
FLARX vs. USNQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Victory Pioneer Floating Rate Fund Class A (FLARX) and USAA Nasdaq 100 Index Fund (USNQX). 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.
| FLARX | USNQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.19 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 1.72 | +2.35 |
| Martin ratioReturn relative to average drawdown | 12.54 | 5.53 | +7.01 |
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Drawdowns
FLARX vs. USNQX - Drawdown Comparison
The maximum FLARX drawdown since its inception was -30.68%, smaller than the maximum USNQX drawdown of -76.24%. Use the drawdown chart below to compare losses from any high point for FLARX and USNQX.
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Drawdown Indicators
| FLARX | USNQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.68% | -76.24% | +45.56% |
Max Drawdown (1Y)Largest decline over 1 year | -1.04% | -12.07% | +11.03% |
Max Drawdown (3Y)Largest decline over 3 years | -2.10% | -22.88% | +20.78% |
Max Drawdown (5Y)Largest decline over 5 years | -6.79% | -36.95% | +30.16% |
Max Drawdown (10Y)Largest decline over 10 years | -19.52% | -36.95% | +17.43% |
Current DrawdownCurrent decline from peak | 0.00% | -8.32% | +8.32% |
Average DrawdownAverage peak-to-trough decline | -2.04% | -26.61% | +24.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 3.75% | -3.41% |
Volatility
FLARX vs. USNQX - Volatility Comparison
The current volatility for Victory Pioneer Floating Rate Fund Class A (FLARX) is 0.30%, while USAA Nasdaq 100 Index Fund (USNQX) has a volatility of 6.91%. This indicates that FLARX experiences smaller price fluctuations and is considered to be less risky than USNQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLARX | USNQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.30% | 6.91% | -6.61% |
Volatility (6M)Calculated over the trailing 6-month period | 1.73% | 16.01% | -14.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.43% | 19.39% | -16.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.69% | 23.39% | -20.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.63% | 22.86% | -19.23% |
FLARX vs. USNQX - Expense Ratio Comparison
FLARX has a 1.08% expense ratio, which is higher than USNQX's 0.42% expense ratio.
Dividends
FLARX vs. USNQX - Dividend Comparison
FLARX's dividend yield for the trailing twelve months is around 6.29%, more than USNQX's 2.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLARX Victory Pioneer Floating Rate Fund Class A | 6.29% | 7.17% | 6.29% | 6.97% | 4.94% | 3.15% | 3.57% | 4.68% | 4.36% | 3.80% | 3.55% | 3.46% |
USNQX USAA Nasdaq 100 Index Fund | 2.71% | 3.01% | 2.19% | 2.60% | 4.13% | 4.48% | 1.53% | 0.88% | 0.69% | 1.97% | 0.50% | 2.73% |
Frequently Asked Questions
FLARX and USNQX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USNQX has higher volatility (6.91%) compared to FLARX (0.30%). In terms of maximum drawdown, FLARX dropped -30.68% vs USNQX's -76.24%.
FLARX currently has the higher Sharpe Ratio (1.75 vs 1.07), 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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