IVES vs. MUXYX

Last updated Jun 4, 2026

IVES (Dan IVES Wedbush AI Revolution ETF) and MUXYX (Victory S&P 500 Index Fund) are both funds - IVES is a Technology Equities fund tracking the Solactive Wedbush Artificial Intelligence Index, while MUXYX is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. A 0.79 correlation means they provide meaningful diversification when combined. IVES charges 0.75%/yr vs 0.44%/yr for MUXYX.

Performance

IVES vs. MUXYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dan IVES Wedbush AI Revolution ETF (IVES) and Victory S&P 500 Index Fund (MUXYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVES achieves a 27.14% return, which is significantly higher than MUXYX's 11.48% return.

IVES

• 1D: -2.92%
• 1M: 18.28%
• YTD: 27.14%
• 6M: 24.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MUXYX

• 1D: 0.13%
• 1M: 5.76%
• YTD: 11.48%
• 6M: 11.39%
• 1Y: 28.39%
• 3Y*: 22.23%
• 5Y*: 13.75%
• 10Y*: 15.08%

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

IVES vs. MUXYX - Yearly Performance Comparison

	2026 (YTD)	2025
IVES Dan IVES Wedbush AI Revolution ETF	27.14%	25.06%
MUXYX Victory S&P 500 Index Fund	11.48%	15.16%

Correlation

The correlation between IVES and MUXYX is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.79

Return for Risk

IVES vs. MUXYX — Risk / Return Rank

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

MUXYX

MUXYX Risk / Return Rank: 70
MUXYX Sharpe Ratio Rank: 72
MUXYX Sortino Ratio Rank: 64
MUXYX Omega Ratio Rank: 64
MUXYX Calmar Ratio Rank: 70
MUXYX Martin Ratio Rank: 80

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.

IVES vs. MUXYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dan IVES Wedbush AI Revolution ETF (IVES) and Victory S&P 500 Index Fund (MUXYX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IVES	MUXYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.47	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.71	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.32	0.57	+1.75

Drawdowns

IVES vs. MUXYX - Drawdown Comparison

The maximum IVES drawdown since its inception was -22.64%, smaller than the maximum MUXYX drawdown of -55.74%. Use the drawdown chart below to compare losses from any high point for IVES and MUXYX.

Drawdown Indicators

	IVES	MUXYX	Difference
Max Drawdown Largest peak-to-trough decline	-22.64%	-55.74%	+33.10%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.01%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-27.62%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.47%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.79%	—
Current Drawdown Current decline from peak	-3.69%	0.00%	-3.69%
Average Drawdown Average peak-to-trough decline	-5.63%	-9.57%	+3.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.93%	—

Volatility

Volatility by Period

	IVES	MUXYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.82%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	25.77%	11.87%	+13.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.77%	19.44%	+6.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.77%	19.32%	+6.45%

IVES vs. MUXYX - Expense Ratio Comparison

IVES has a 0.75% expense ratio, which is higher than MUXYX's 0.44% expense ratio.

Dividends

IVES vs. MUXYX - Dividend Comparison

IVES's dividend yield for the trailing twelve months is around 0.33%, less than MUXYX's 7.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVES Dan IVES Wedbush AI Revolution ETF	0.33%	0.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MUXYX Victory S&P 500 Index Fund	7.33%	8.00%	16.75%	5.84%	8.25%	7.94%	7.27%	13.51%	12.31%	17.31%	8.03%	11.65%

Frequently Asked Questions

Can I hold both IVES and MUXYX in my portfolio?

IVES and MUXYX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.