MMEYX vs. DFSVX

Last updated Jun 3, 2026

MMEYX (Victory Integrity Discovery Fund) and DFSVX (DFA U.S. Small Cap Value Portfolio I) are both Small Cap Value Equities funds. Over the past 10 years, MMEYX returned 12.39%/yr vs 11.40%/yr for DFSVX. Their correlation of 0.91 suggests significant overlap in exposure. MMEYX charges 1.38%/yr vs 0.30%/yr for DFSVX.

Performance

MMEYX vs. DFSVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victory Integrity Discovery Fund (MMEYX) and DFA U.S. Small Cap Value Portfolio I (DFSVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MMEYX achieves a 28.29% return, which is significantly higher than DFSVX's 15.21% return. Over the past 10 years, MMEYX has outperformed DFSVX with an annualized return of 12.39%, while DFSVX has yielded a comparatively lower 11.40% annualized return.

MMEYX

• 1D: 0.26%
• 1M: 3.54%
• YTD: 28.29%
• 6M: 30.51%
• 1Y: 55.45%
• 3Y*: 24.94%
• 5Y*: 10.45%
• 10Y*: 12.39%

DFSVX

• 1D: 0.00%
• 1M: 0.37%
• YTD: 15.21%
• 6M: 16.59%
• 1Y: 35.98%
• 3Y*: 17.78%
• 5Y*: 9.96%
• 10Y*: 11.40%

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

MMEYX vs. DFSVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MMEYX Victory Integrity Discovery Fund	28.29%	14.25%	11.36%	14.83%	-12.01%	37.20%	-1.34%	21.60%	-16.10%	11.07%
DFSVX DFA U.S. Small Cap Value Portfolio I	15.21%	8.37%	9.58%	19.02%	-3.57%	39.97%	2.24%	18.15%	-15.13%	6.82%

Correlation

The correlation between MMEYX and DFSVX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Dec 27, 1996	0.91

The correlation between MMEYX and DFSVX has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.

Return for Risk

MMEYX vs. DFSVX — Risk / Return Rank

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

MMEYX

MMEYX Risk / Return Rank: 86
MMEYX Sharpe Ratio Rank: 87
MMEYX Sortino Ratio Rank: 82
MMEYX Omega Ratio Rank: 71
MMEYX Calmar Ratio Rank: 96
MMEYX Martin Ratio Rank: 93

DFSVX

DFSVX Risk / Return Rank: 56
DFSVX Sharpe Ratio Rank: 48
DFSVX Sortino Ratio Rank: 49
DFSVX Omega Ratio Rank: 44
DFSVX Calmar Ratio Rank: 80
DFSVX Martin Ratio Rank: 59

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.

MMEYX vs. DFSVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory Integrity Discovery Fund (MMEYX) and DFA U.S. Small Cap Value Portfolio I (DFSVX). 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.

	MMEYX	DFSVX	Difference
Sharpe ratio Return per unit of total volatility	2.85	2.04	+0.81
Sortino ratio Return per unit of downside risk	3.89	2.98	+0.91
Omega ratio Gain probability vs. loss probability	1.48	1.36	+0.11
Calmar ratio Return relative to maximum drawdown	6.56	3.68	+2.88
Martin ratio Return relative to average drawdown	20.19	11.79	+8.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MMEYX vs. DFSVX - Sharpe Ratio Comparison

The current MMEYX Sharpe Ratio is 2.85, which is higher than the DFSVX Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of MMEYX and DFSVX, 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

	MMEYX	DFSVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.85	2.04	+0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.47	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.48	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.52	-0.02

Drawdowns

MMEYX vs. DFSVX - Drawdown Comparison

The maximum MMEYX drawdown since its inception was -69.05%, roughly equal to the maximum DFSVX drawdown of -66.70%. Use the drawdown chart below to compare losses from any high point for MMEYX and DFSVX.

Drawdown Indicators

	MMEYX	DFSVX	Difference
Max Drawdown Largest peak-to-trough decline	-69.05%	-66.70%	-2.35%
Max Drawdown (1Y) Largest decline over 1 year	-8.19%	-9.59%	+1.40%
Max Drawdown (3Y) Largest decline over 3 years	-25.23%	-27.69%	+2.46%
Max Drawdown (5Y) Largest decline over 5 years	-26.82%	-27.69%	+0.87%
Max Drawdown (10Y) Largest decline over 10 years	-54.35%	-52.12%	-2.23%
Current Drawdown Current decline from peak	-0.79%	-0.55%	-0.24%
Average Drawdown Average peak-to-trough decline	-15.57%	-9.47%	-6.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	2.99%	-0.33%

Volatility

MMEYX vs. DFSVX - Volatility Comparison

Victory Integrity Discovery Fund (MMEYX) has a higher volatility of 5.14% compared to DFA U.S. Small Cap Value Portfolio I (DFSVX) at 4.16%. This indicates that MMEYX's price experiences larger fluctuations and is considered to be riskier than DFSVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MMEYX	DFSVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.14%	4.16%	+0.98%
Volatility (6M) Calculated over the trailing 6-month period	12.89%	11.31%	+1.58%
Volatility (1Y) Calculated over the trailing 1-year period	19.39%	17.54%	+1.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.36%	21.48%	+0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.39%	23.90%	+1.49%

MMEYX vs. DFSVX - Expense Ratio Comparison

MMEYX has a 1.38% expense ratio, which is higher than DFSVX's 0.30% expense ratio.

Dividends

MMEYX vs. DFSVX - Dividend Comparison

MMEYX's dividend yield for the trailing twelve months is around 7.55%, more than DFSVX's 1.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFSVX DFA U.S. Small Cap Value Portfolio I	1.51%	1.69%	1.47%	3.67%	6.77%	10.40%	1.96%	2.83%	7.54%	5.18%	4.18%	5.29%
MMEYX Victory Integrity Discovery Fund	7.55%	9.68%	8.36%	1.33%	8.53%	4.34%	0.00%	2.17%	14.87%	10.31%	3.73%	7.64%

Frequently Asked Questions

Can I hold both MMEYX and DFSVX in my portfolio?

With a correlation of 0.90, MMEYX and DFSVX 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, MMEYX or DFSVX?

MMEYX has higher volatility (5.14%) compared to DFSVX (4.16%). In terms of maximum drawdown, MMEYX dropped -69.05% vs DFSVX's -66.70%.

Which has better risk-adjusted returns?

MMEYX currently has the higher Sharpe Ratio (2.85 vs 2.04), 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.