GPAFX vs. RSNRX

Last updated Jun 5, 2026

GPAFX (Victory RS Large Cap Alpha Fund) and RSNRX (Victory Global Energy Transition Fund) are both mutual funds - GPAFX is a Large Cap Value Equities fund managed by Victory, while RSNRX is a Energy Equities fund managed by Victory. Over the past 10 years, GPAFX returned 11.27%/yr vs 13.48%/yr for RSNRX. A 0.55 correlation means they provide meaningful diversification when combined. GPAFX charges 0.89%/yr vs 1.48%/yr for RSNRX.

Performance

GPAFX vs. RSNRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victory RS Large Cap Alpha Fund (GPAFX) and Victory Global Energy Transition Fund (RSNRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GPAFX achieves a 3.94% return, which is significantly lower than RSNRX's 38.18% return. Over the past 10 years, GPAFX has underperformed RSNRX with an annualized return of 11.27%, while RSNRX has yielded a comparatively higher 13.48% annualized return.

GPAFX

• 1D: -0.49%
• 1M: -1.14%
• YTD: 3.94%
• 6M: 4.86%
• 1Y: 18.45%
• 3Y*: 17.54%
• 5Y*: 10.02%
• 10Y*: 11.27%

RSNRX

• 1D: -0.42%
• 1M: 5.81%
• YTD: 38.18%
• 6M: 40.35%
• 1Y: 104.04%
• 3Y*: 34.64%
• 5Y*: 30.74%
• 10Y*: 13.48%

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

GPAFX vs. RSNRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GPAFX Victory RS Large Cap Alpha Fund	3.94%	15.80%	20.95%	13.27%	-4.64%	23.04%	-1.05%	30.73%	-9.55%	18.32%
RSNRX Victory Global Energy Transition Fund	38.18%	69.60%	15.94%	-8.64%	35.02%	83.01%	27.35%	-24.49%	-45.81%	1.02%

Correlation

The correlation between GPAFX and RSNRX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Jan 3, 1996	0.55

The correlation between GPAFX and RSNRX shifts across timeframes, from 0.38 (1 year) to 0.58 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

GPAFX vs. RSNRX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GPAFX

GPAFX Risk / Return Rank: 37
GPAFX Sharpe Ratio Rank: 37
GPAFX Sortino Ratio Rank: 37
GPAFX Omega Ratio Rank: 33
GPAFX Calmar Ratio Rank: 38
GPAFX Martin Ratio Rank: 38

RSNRX

RSNRX Risk / Return Rank: 97
RSNRX Sharpe Ratio Rank: 99
RSNRX Sortino Ratio Rank: 96
RSNRX Omega Ratio Rank: 93
RSNRX Calmar Ratio Rank: 98
RSNRX Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GPAFX vs. RSNRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory RS Large Cap Alpha Fund (GPAFX) and Victory Global Energy Transition Fund (RSNRX). 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.

	GPAFX	RSNRX	Difference
Sharpe ratio: Return per unit of total volatility	1.73	4.66	-2.94
Sortino ratio: Return per unit of downside risk	2.51	5.23	-2.72
Omega ratio: Gain probability vs. loss probability	1.30	1.73	-0.43
Calmar ratio: Return relative to maximum drawdown	2.31	9.05	-6.74
Martin ratio: Return relative to average drawdown	8.27	30.61	-22.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GPAFX vs. RSNRX - Sharpe Ratio Comparison

The current GPAFX Sharpe Ratio is 1.73, which is lower than the RSNRX Sharpe Ratio of 4.66. The chart below compares the historical Sharpe Ratios of GPAFX and RSNRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GPAFX	RSNRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	4.66	-2.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	1.24	-0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.43	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.32	+0.14

Drawdowns

GPAFX vs. RSNRX - Drawdown Comparison

The maximum GPAFX drawdown since its inception was -62.16%, smaller than the maximum RSNRX drawdown of -89.73%. Use the drawdown chart below to compare losses from any high point for GPAFX and RSNRX.

Drawdown Indicators

	GPAFX	RSNRX	Difference
Max Drawdown Largest peak-to-trough decline	-62.16%	-89.73%	+27.57%
Max Drawdown (1Y) Largest decline over 1 year	-7.82%	-11.65%	+3.83%
Max Drawdown (3Y) Largest decline over 3 years	-13.86%	-25.44%	+11.58%
Max Drawdown (5Y) Largest decline over 5 years	-20.30%	-25.44%	+5.14%
Max Drawdown (10Y) Largest decline over 10 years	-40.08%	-84.27%	+44.19%
Current Drawdown Current decline from peak	-3.12%	-0.42%	-2.70%
Average Drawdown Average peak-to-trough decline	-16.38%	-25.93%	+9.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	3.44%	-1.26%

Volatility

GPAFX vs. RSNRX - Volatility Comparison

The current volatility for Victory RS Large Cap Alpha Fund (GPAFX) is 2.59%, while Victory Global Energy Transition Fund (RSNRX) has a volatility of 5.36%. This indicates that GPAFX experiences smaller price fluctuations and is considered to be less risky than RSNRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GPAFX	RSNRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.59%	5.36%	-2.77%
Volatility (6M) Calculated over the trailing 6-month period	7.63%	17.01%	-9.38%
Volatility (1Y) Calculated over the trailing 1-year period	10.47%	22.61%	-12.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.87%	24.92%	-9.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.62%	31.51%	-13.89%

GPAFX vs. RSNRX - Expense Ratio Comparison

GPAFX has a 0.89% expense ratio, which is lower than RSNRX's 1.48% expense ratio.

Dividends

GPAFX vs. RSNRX - Dividend Comparison

GPAFX's dividend yield for the trailing twelve months is around 10.77%, more than RSNRX's 3.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GPAFX Victory RS Large Cap Alpha Fund	10.77%	11.19%	14.74%	1.12%	9.93%	12.50%	3.80%	3.84%	21.74%	8.36%	6.84%	13.78%
RSNRX Victory Global Energy Transition Fund	3.17%	4.38%	1.65%	2.36%	0.78%	0.00%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GPAFX and RSNRX in my portfolio?

GPAFX and RSNRX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GPAFX or RSNRX?

RSNRX has higher volatility (5.36%) compared to GPAFX (2.59%). In terms of maximum drawdown, GPAFX dropped -62.16% vs RSNRX's -89.73%.

Which has better risk-adjusted returns?

RSNRX currently has the higher Sharpe Ratio (4.66 vs 1.73), 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.