MISIX vs. NOMIX

Last updated Aug 1, 2026

MISIX (Victory Trivalent International Small-Cap Fund Class I) and NOMIX (Northern Mid Cap Index Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, MISIX returned 9.98%/yr vs 10.75%/yr for NOMIX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. MISIX charges 0.97%/yr vs 0.10%/yr for NOMIX.

Performance

MISIX vs. NOMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victory Trivalent International Small-Cap Fund Class I (MISIX) and Northern Mid Cap Index Fund (NOMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MISIX achieves a 9.81% return, which is significantly lower than NOMIX's 14.71% return. Over the past 10 years, MISIX has underperformed NOMIX with an annualized return of 9.98%, while NOMIX has yielded a comparatively higher 10.75% annualized return.

MISIX

• 1D: 2.88%
• 1M: -0.95%
• 6M: 2.59%
• YTD: 9.81%
• 1Y: 22.78%
• 3Y*: 18.05%
• 5Y*: 7.52%
• 10Y*: 9.98%
• ALL TIME*: 6.74%

NOMIX

• 1D: 0.80%
• 1M: -1.00%
• 6M: 10.26%
• YTD: 14.71%
• 1Y: 21.10%
• 3Y*: 12.84%
• 5Y*: 8.27%
• 10Y*: 10.75%
• ALL TIME*: 9.95%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MISIX Victory Trivalent International Small-Cap Fund Class I	$0.00	$0.00	$0.00
NOMIX Northern Mid Cap Index Fund	$0.00	$0.00	$0.00

MISIX vs. NOMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MISIX Victory Trivalent International Small-Cap Fund Class I	9.81%	42.00%	4.70%	15.49%	-23.13%	12.41%	15.42%	27.88%	-20.20%	37.14%
NOMIX Northern Mid Cap Index Fund	14.71%	7.45%	13.41%	16.43%	-13.42%	24.47%	13.59%	25.94%	-11.31%	16.06%

Correlation

The correlation between MISIX and NOMIX is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.64
Correlation (3Y) Balances recent behavior with more history.	0.68
Correlation (5Y) Shows whether the relationship held over a longer period.	0.74
Correlation (10Y) Provides a long-term view across more market conditions.	0.71
Correlation (All Time) Calculated using the full available price history since Aug 20, 2007	0.72

The correlation between MISIX and NOMIX shifts across timeframes, from 0.64 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

MISIX vs. NOMIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MISIX

MISIX Risk / Return Rank: 46
MISIX Sharpe Ratio Rank: 49
MISIX Sortino Ratio Rank: 49
MISIX Omega Ratio Rank: 51
MISIX Calmar Ratio Rank: 40
MISIX Martin Ratio Rank: 39

NOMIX

NOMIX Risk / Return Rank: 48
NOMIX Sharpe Ratio Rank: 37
NOMIX Sortino Ratio Rank: 40
NOMIX Omega Ratio Rank: 38
NOMIX Calmar Ratio Rank: 65
NOMIX Martin Ratio Rank: 61

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MISIX vs. NOMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory Trivalent International Small-Cap Fund Class I (MISIX) and Northern Mid Cap Index Fund (NOMIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MISIX	NOMIX	Difference
Sharpe ratio: Return per unit of total volatility	1.31	1.15	+0.16
Sortino ratio: Return per unit of downside risk	1.89	1.75	+0.15
Omega ratio: Gain probability vs. loss probability	1.24	1.22	+0.03
Calmar ratio: Return relative to maximum drawdown	1.61	2.18	-0.57
Martin ratio: Return relative to average drawdown	5.66	7.89	-2.23

MISIX vs. NOMIX - Sharpe Ratio Comparison

The current MISIX Sharpe Ratio is 1.31, which is comparable to the NOMIX Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of MISIX and NOMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MISIX vs. NOMIX - Drawdown Comparison

The maximum MISIX drawdown since its inception was -67.61%, which is greater than NOMIX's maximum drawdown of -55.44%. Use the drawdown chart below to compare losses from any high point for MISIX and NOMIX.

Drawdown Indicators

	MISIX	NOMIX	Difference
Max Drawdown Largest peak-to-trough decline	-67.61%	-55.44%	-12.17%
Max Drawdown (1Y) Largest decline over 1 year	-13.84%	-8.84%	-5.00%
Max Drawdown (3Y) Largest decline over 3 years	-13.84%	-24.34%	+10.50%
Max Drawdown (5Y) Largest decline over 5 years	-37.69%	-27.65%	-10.04%
Max Drawdown (10Y) Largest decline over 10 years	-41.82%	-42.03%	+0.21%
Current Drawdown Current decline from peak	-4.72%	-2.21%	-2.51%
Average Drawdown Average peak-to-trough decline	-16.76%	-7.87%	-8.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.93%	2.45%	+1.48%

Volatility

MISIX vs. NOMIX - Volatility Comparison

Victory Trivalent International Small-Cap Fund Class I (MISIX) has a higher volatility of 5.25% compared to Northern Mid Cap Index Fund (NOMIX) at 3.48%. This indicates that MISIX's price experiences larger fluctuations and is considered to be riskier than NOMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MISIX	NOMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.25%	3.48%	+1.77%
Volatility (6M) Calculated over the trailing 6-month period	14.88%	12.72%	+2.16%
Volatility (1Y) Calculated over the trailing 1-year period	17.05%	16.77%	+0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.16%	21.23%	-3.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.74%	21.76%	-4.02%

MISIX vs. NOMIX - Expense Ratio Comparison

MISIX has a 0.97% expense ratio, which is higher than NOMIX's 0.10% expense ratio.

Dividends

MISIX vs. NOMIX - Dividend Comparison

MISIX's dividend yield for the trailing twelve months is around 5.50%, less than NOMIX's 6.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MISIX Victory Trivalent International Small-Cap Fund Class I	5.50%	6.05%	2.27%	1.90%	1.12%	8.61%	0.41%	1.99%	3.59%	1.85%	1.56%	1.21%
NOMIX Northern Mid Cap Index Fund	6.04%	6.93%	9.67%	8.01%	10.43%	10.30%	4.80%	2.21%	9.23%	7.46%	6.46%	8.25%

Frequently Asked Questions

Can I hold both MISIX and NOMIX in my portfolio?

MISIX and NOMIX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MISIX or NOMIX?

MISIX has higher volatility (5.25%) compared to NOMIX (3.48%). In terms of maximum drawdown, MISIX dropped -67.61% vs NOMIX's -55.44%.

Which has better risk-adjusted returns?

MISIX currently has the higher Sharpe Ratio (1.31 vs 1.15), 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.