HCMDX vs. MODL

Last updated Apr 1, 2026

Compare and contrast key facts about HCM Tactical Growth Fund (HCMDX) and Victoryshares Westend U.S. Sector ETF (MODL).

HCMDX is managed by Howard Capital Management. It was launched on Jul 30, 2014. MODL is an actively managed fund by Victory. It was launched on Oct 11, 2022.

Performance

HCMDX vs. MODL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HCM Tactical Growth Fund (HCMDX) and Victoryshares Westend U.S. Sector ETF (MODL). The values are adjusted to include any dividend payments, if applicable.

HCMDX vs. MODL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
HCMDX HCM Tactical Growth Fund	-11.97%	16.55%	49.90%	32.05%	-2.13%
MODL Victoryshares Westend U.S. Sector ETF	-5.81%	18.99%	24.73%	23.74%	7.13%

Returns By Period

In the year-to-date period, HCMDX achieves a -11.97% return, which is significantly lower than MODL's -5.81% return.

HCMDX

• 1D: -0.58%
• 1M: -8.53%
• YTD: -11.97%
• 6M: -9.93%
• 1Y: 21.88%
• 3Y*: 23.84%
• 5Y*: 10.47%
• 10Y*: 16.03%

MODL

• 1D: 2.63%
• 1M: -5.37%
• YTD: -5.81%
• 6M: -2.92%
• 1Y: 16.01%
• 3Y*: 16.98%
• 5Y*: —
• 10Y*: —

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

HCMDX vs. MODL - Expense Ratio Comparison

HCMDX has a 2.84% expense ratio, which is higher than MODL's 0.46% expense ratio.

HCMDX

HCM Tactical Growth Fund

MODL

Victoryshares Westend U.S. Sector ETF

Return for Risk

HCMDX vs. MODL — Risk / Return Rank

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

HCMDX

HCMDX Risk / Return Rank: 38
HCMDX Sharpe Ratio Rank: 45
HCMDX Sortino Ratio Rank: 45
HCMDX Omega Ratio Rank: 37
HCMDX Calmar Ratio Rank: 35
HCMDX Martin Ratio Rank: 28

MODL

MODL Risk / Return Rank: 58
MODL Sharpe Ratio Rank: 53
MODL Sortino Ratio Rank: 56
MODL Omega Ratio Rank: 58
MODL Calmar Ratio Rank: 60
MODL Martin Ratio Rank: 65

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.

HCMDX vs. MODL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HCM Tactical Growth Fund (HCMDX) and Victoryshares Westend U.S. Sector ETF (MODL). 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.

	HCMDX	MODL	Difference
Sharpe ratio Return per unit of total volatility	0.90	0.95	-0.04
Sortino ratio Return per unit of downside risk	1.33	1.46	-0.13
Omega ratio Gain probability vs. loss probability	1.17	1.22	-0.05
Calmar ratio Return relative to maximum drawdown	0.96	1.52	-0.57
Martin ratio Return relative to average drawdown	3.01	6.60	-3.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HCMDX vs. MODL - Sharpe Ratio Comparison

The current HCMDX Sharpe Ratio is 0.90, which is comparable to the MODL Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of HCMDX and MODL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HCMDX	MODL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	0.95	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	1.33	-0.76

Correlation

The correlation between HCMDX and MODL is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

HCMDX vs. MODL - Dividend Comparison

HCMDX's dividend yield for the trailing twelve months is around 3.38%, more than MODL's 0.76% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HCMDX HCM Tactical Growth Fund	3.38%	2.98%	23.23%	0.00%	0.72%	0.99%	3.24%	0.00%	5.05%	0.00%	0.00%	1.47%
MODL Victoryshares Westend U.S. Sector ETF	0.76%	0.67%	0.83%	1.02%	0.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

HCMDX vs. MODL - Drawdown Comparison

The maximum HCMDX drawdown since its inception was -40.89%, which is greater than MODL's maximum drawdown of -17.60%. Use the drawdown chart below to compare losses from any high point for HCMDX and MODL.

Drawdown Indicators

	HCMDX	MODL	Difference
Max Drawdown Largest peak-to-trough decline	-40.89%	-17.60%	-23.29%
Max Drawdown (1Y) Largest decline over 1 year	-17.00%	-10.88%	-6.12%
Max Drawdown (5Y) Largest decline over 5 years	-40.89%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.89%	—	—
Current Drawdown Current decline from peak	-17.00%	-7.03%	-9.97%
Average Drawdown Average peak-to-trough decline	-11.50%	-2.09%	-9.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.40%	2.51%	+2.89%

Volatility

HCMDX vs. MODL - Volatility Comparison

HCM Tactical Growth Fund (HCMDX) has a higher volatility of 7.33% compared to Victoryshares Westend U.S. Sector ETF (MODL) at 4.86%. This indicates that HCMDX's price experiences larger fluctuations and is considered to be riskier than MODL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HCMDX	MODL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.33%	4.86%	+2.47%
Volatility (6M) Calculated over the trailing 6-month period	18.58%	8.66%	+9.92%
Volatility (1Y) Calculated over the trailing 1-year period	24.01%	17.01%	+7.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.23%	14.73%	+9.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.08%	14.73%	+9.35%