MICYX vs. ANDIX

Last updated Jun 4, 2026

MICYX (Victory Trivalent International Fund-Core Equity) and ANDIX (AQR International Defensive Style Fund) are both Foreign Large Cap Equities funds. Their correlation of 0.89 suggests significant overlap in exposure. MICYX charges 0.70%/yr vs 0.55%/yr for ANDIX.

Performance

MICYX vs. ANDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victory Trivalent International Fund-Core Equity (MICYX) and AQR International Defensive Style Fund (ANDIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MICYX

• 1D: 0.87%
• 1M: 6.45%
• YTD: 18.69%
• 6M: 21.42%
• 1Y: 39.52%
• 3Y*: 24.57%
• 5Y*: 11.52%
• 10Y*: 10.46%

ANDIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MICYX vs. ANDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MICYX Victory Trivalent International Fund-Core Equity	18.69%	37.10%	8.45%	19.43%	-17.33%	10.27%	5.92%	22.38%	-15.96%	27.08%
ANDIX AQR International Defensive Style Fund	5.63%	21.41%	2.83%	12.06%	-14.26%	7.59%	8.43%	18.39%	-10.35%	22.86%

Correlation

The correlation between MICYX and ANDIX is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jul 10, 2012	0.89

The correlation between MICYX and ANDIX shifts across timeframes, from 0.75 (1 year) to 0.90 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

MICYX vs. ANDIX — Risk / Return Rank

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

MICYX

MICYX Risk / Return Rank: 67
MICYX Sharpe Ratio Rank: 73
MICYX Sortino Ratio Rank: 62
MICYX Omega Ratio Rank: 68
MICYX Calmar Ratio Rank: 68
MICYX Martin Ratio Rank: 66

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.

MICYX vs. ANDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory Trivalent International Fund-Core Equity (MICYX) and AQR International Defensive Style Fund (ANDIX). 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.

	MICYX	ANDIX	Difference
Sharpe ratio: Return per unit of total volatility	2.50	—	—
Sortino ratio: Return per unit of downside risk	3.30	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	3.18	—	—
Martin ratio: Return relative to average drawdown	12.84	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MICYX	ANDIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	—	—

Drawdowns

Drawdown Indicators

	MICYX	ANDIX	Difference
Max Drawdown Largest peak-to-trough decline	-64.61%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-12.29%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.79%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.05%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.68%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-19.81%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	—	—

Volatility

Volatility by Period

	MICYX	ANDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.62%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.67%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.01%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.72%	—	—

MICYX vs. ANDIX - Expense Ratio Comparison

MICYX has a 0.70% expense ratio, which is higher than ANDIX's 0.55% expense ratio.

Dividends

MICYX vs. ANDIX - Dividend Comparison

MICYX's dividend yield for the trailing twelve months is around 9.07%, less than ANDIX's 70.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ANDIX AQR International Defensive Style Fund	70.16%	4.74%	2.29%	3.02%	2.00%	2.53%	1.73%	2.51%	2.40%	3.30%	1.47%	2.09%
MICYX Victory Trivalent International Fund-Core Equity	9.07%	10.77%	3.57%	3.75%	2.63%	3.67%	1.45%	1.14%	4.38%	6.90%	2.04%	1.93%

Frequently Asked Questions

Can I hold both MICYX and ANDIX in my portfolio?

MICYX and ANDIX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.