MICYX vs. STEZX

Last updated Jun 4, 2026

MICYX (Victory Trivalent International Fund-Core Equity) and STEZX (AB International Strategic Equities Portfolio) are both Foreign Large Cap Equities funds. Over the past 10 years, MICYX returned 10.46%/yr vs 11.07%/yr for STEZX. With a 0.96 correlation, they move nearly in lockstep. MICYX charges 0.70%/yr vs 0.71%/yr for STEZX.

Performance

MICYX vs. STEZX - Performance Comparison

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

Returns By Period

In the year-to-date period, MICYX achieves a 18.69% return, which is significantly lower than STEZX's 21.69% return. Over the past 10 years, MICYX has underperformed STEZX with an annualized return of 10.46%, while STEZX has yielded a comparatively higher 11.07% annualized return.

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%

STEZX

• 1D: 0.56%
• 1M: 5.25%
• YTD: 21.69%
• 6M: 25.95%
• 1Y: 45.94%
• 3Y*: 27.86%
• 5Y*: 13.07%
• 10Y*: 11.07%

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

MICYX vs. STEZX - 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%
STEZX AB International Strategic Equities Portfolio	21.69%	43.11%	12.75%	13.56%	-17.62%	10.32%	4.38%	19.93%	-14.94%	29.96%

Correlation

The correlation between MICYX and STEZX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.96

The correlation between MICYX and STEZX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

MICYX vs. STEZX — 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

STEZX

STEZX Risk / Return Rank: 82
STEZX Sharpe Ratio Rank: 85
STEZX Sortino Ratio Rank: 76
STEZX Omega Ratio Rank: 79
STEZX Calmar Ratio Rank: 82
STEZX Martin Ratio Rank: 85

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. STEZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory Trivalent International Fund-Core Equity (MICYX) and AB International Strategic Equities Portfolio (STEZX). 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	STEZX	Difference
Sharpe ratio: Return per unit of total volatility	2.50	2.78	-0.28
Sortino ratio: Return per unit of downside risk	3.30	3.66	-0.36
Omega ratio: Gain probability vs. loss probability	1.46	1.52	-0.05
Calmar ratio: Return relative to maximum drawdown	3.18	3.81	-0.63
Martin ratio: Return relative to average drawdown	12.84	16.17	-3.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MICYX vs. STEZX - Sharpe Ratio Comparison

The current MICYX Sharpe Ratio is 2.50, which is comparable to the STEZX Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of MICYX and STEZX, 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

	MICYX	STEZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	2.78	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.80	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	0.68	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.67	-0.44

Drawdowns

MICYX vs. STEZX - Drawdown Comparison

The maximum MICYX drawdown since its inception was -64.61%, which is greater than STEZX's maximum drawdown of -36.51%. Use the drawdown chart below to compare losses from any high point for MICYX and STEZX.

Drawdown Indicators

	MICYX	STEZX	Difference
Max Drawdown Largest peak-to-trough decline	-64.61%	-36.51%	-28.10%
Max Drawdown (1Y) Largest decline over 1 year	-12.29%	-12.02%	-0.27%
Max Drawdown (3Y) Largest decline over 3 years	-13.79%	-14.01%	+0.22%
Max Drawdown (5Y) Largest decline over 5 years	-30.05%	-29.85%	-0.20%
Max Drawdown (10Y) Largest decline over 10 years	-37.68%	-36.51%	-1.17%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-19.81%	-7.31%	-12.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	2.82%	+0.22%

Volatility

MICYX vs. STEZX - Volatility Comparison

Victory Trivalent International Fund-Core Equity (MICYX) and AB International Strategic Equities Portfolio (STEZX) have volatilities of 5.62% and 5.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MICYX	STEZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.62%	5.88%	-0.26%
Volatility (6M) Calculated over the trailing 6-month period	13.37%	14.08%	-0.71%
Volatility (1Y) Calculated over the trailing 1-year period	15.67%	16.50%	-0.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.01%	16.34%	-0.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.72%	16.27%	+0.45%

MICYX vs. STEZX - Expense Ratio Comparison

MICYX has a 0.70% expense ratio, which is lower than STEZX's 0.71% expense ratio.

Dividends

MICYX vs. STEZX - Dividend Comparison

MICYX's dividend yield for the trailing twelve months is around 9.07%, less than STEZX's 10.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
STEZX AB International Strategic Equities Portfolio	10.32%	12.56%	2.45%	3.08%	4.12%	5.96%	1.29%	2.05%	3.23%	2.92%	1.72%	0.00%

Frequently Asked Questions

Can I hold both MICYX and STEZX in my portfolio?

With a correlation of 0.96, MICYX and STEZX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MICYX or STEZX?

STEZX has higher volatility (5.88%) compared to MICYX (5.62%). In terms of maximum drawdown, MICYX dropped -64.61% vs STEZX's -36.51%.

Which has better risk-adjusted returns?

STEZX currently has the higher Sharpe Ratio (2.78 vs 2.50), 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.