MAFRX vs. ENIAX
MAFRX (Victory Pioneer Multi-Asset Ultrashort Income Fund Class A) and ENIAX (SEI Institutional Investments Trust Opportunistic Income Fund) are both Ultrashort Bond funds. Over the past 10 years, MAFRX returned 2.64%/yr vs 4.17%/yr for ENIAX. At a 0.20 correlation, their price movements are largely independent. MAFRX charges 0.58%/yr vs 0.23%/yr for ENIAX.
Performance
MAFRX vs. ENIAX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with MAFRX having a 1.57% return and ENIAX slightly lower at 1.52%. Over the past 10 years, MAFRX has underperformed ENIAX with an annualized return of 2.64%, while ENIAX has yielded a comparatively higher 4.17% annualized return.
MAFRX
- 1D
- 0.00%
- 1M
- 0.35%
- YTD
- 1.57%
- 6M
- 1.97%
- 1Y
- 4.22%
- 3Y*
- 5.17%
- 5Y*
- 3.68%
- 10Y*
- 2.64%
ENIAX
- 1D
- 0.00%
- 1M
- 0.38%
- YTD
- 1.52%
- 6M
- 1.93%
- 1Y
- 5.28%
- 3Y*
- 6.69%
- 5Y*
- 4.69%
- 10Y*
- 4.17%
MAFRX vs. ENIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAFRX Victory Pioneer Multi-Asset Ultrashort Income Fund Class A | 1.57% | 4.64% | 5.96% | 5.84% | 0.14% | 1.42% | -0.86% | 3.30% | 1.66% | 1.57% |
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund | 1.52% | 6.14% | 8.34% | 7.94% | -1.16% | 2.67% | 2.47% | 5.82% | 1.82% | 3.93% |
Correlation
The correlation between MAFRX and ENIAX is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since May 2, 2011 | 0.20 |
The correlation between MAFRX and ENIAX shifts across timeframes, from 0.01 (1 year) to 0.24 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MAFRX vs. ENIAX — Risk / Return Rank
MAFRX
ENIAX
MAFRX vs. ENIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Victory Pioneer Multi-Asset Ultrashort Income Fund Class A (MAFRX) and SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX). 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.
| MAFRX | ENIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 4.32 | 4.44 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 20.34 | 14.18 | +6.17 |
| Martin ratioReturn relative to average drawdown | 65.30 | 87.74 | -22.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MAFRX | ENIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.08 | 5.58 | -2.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.55 | 1.65 | +0.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.50 | 1.50 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.42 | 0.67 | +0.75 |
Drawdowns
MAFRX vs. ENIAX - Drawdown Comparison
The maximum MAFRX drawdown since its inception was -10.18%, smaller than the maximum ENIAX drawdown of -33.30%. Use the drawdown chart below to compare losses from any high point for MAFRX and ENIAX.
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Drawdown Indicators
| MAFRX | ENIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.18% | -33.30% | +23.12% |
Max Drawdown (1Y)Largest decline over 1 year | -0.21% | -0.37% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -0.52% | -2.11% | +1.59% |
Max Drawdown (5Y)Largest decline over 5 years | -1.59% | -3.52% | +1.93% |
Max Drawdown (10Y)Largest decline over 10 years | -10.18% | -13.45% | +3.27% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.30% | -7.79% | +7.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 0.06% | 0.00% |
Volatility
MAFRX vs. ENIAX - Volatility Comparison
Victory Pioneer Multi-Asset Ultrashort Income Fund Class A (MAFRX) has a higher volatility of 0.38% compared to SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) at 0.23%. This indicates that MAFRX's price experiences larger fluctuations and is considered to be riskier than ENIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAFRX | ENIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.38% | 0.23% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 0.92% | 0.69% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.38% | 0.95% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.45% | 2.86% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.76% | 2.79% | -1.03% |
MAFRX vs. ENIAX - Expense Ratio Comparison
MAFRX has a 0.58% expense ratio, which is higher than ENIAX's 0.23% expense ratio.
Dividends
MAFRX vs. ENIAX - Dividend Comparison
MAFRX's dividend yield for the trailing twelve months is around 4.55%, less than ENIAX's 5.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund | 5.93% | 6.00% | 6.78% | 5.33% | 4.07% | 2.66% | 2.96% | 4.32% | 3.96% | 3.02% | 2.75% | 2.54% |
MAFRX Victory Pioneer Multi-Asset Ultrashort Income Fund Class A | 4.55% | 4.84% | 5.47% | 4.18% | 2.24% | 1.20% | 1.78% | 2.84% | 2.47% | 1.76% | 1.64% | 1.22% |
Frequently Asked Questions
MAFRX and ENIAX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAFRX has higher volatility (0.38%) compared to ENIAX (0.23%). In terms of maximum drawdown, MAFRX dropped -10.18% vs ENIAX's -33.30%.
ENIAX currently has the higher Sharpe Ratio (5.58 vs 3.08), 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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