MMEYX vs. PPVIX

Last updated Jun 3, 2026

MMEYX (Victory Integrity Discovery Fund) and PPVIX (Principal SmallCap Value Fund II) are both Small Cap Value Equities funds. Over the past 10 years, MMEYX returned 12.39%/yr vs 10.71%/yr for PPVIX. Their correlation of 0.95 suggests significant overlap in exposure. MMEYX charges 1.38%/yr vs 0.96%/yr for PPVIX.

Performance

MMEYX vs. PPVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victory Integrity Discovery Fund (MMEYX) and Principal SmallCap Value Fund II (PPVIX). 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 PPVIX's 10.50% return. Over the past 10 years, MMEYX has outperformed PPVIX with an annualized return of 12.39%, while PPVIX has yielded a comparatively lower 10.71% 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%

PPVIX

• 1D: -0.39%
• 1M: -1.56%
• YTD: 10.50%
• 6M: 11.48%
• 1Y: 30.31%
• 3Y*: 17.13%
• 5Y*: 9.09%
• 10Y*: 10.71%

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

MMEYX vs. PPVIX - 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%
PPVIX Principal SmallCap Value Fund II	10.50%	8.18%	16.09%	20.00%	-9.20%	32.00%	3.61%	23.19%	-14.74%	6.94%

Correlation

The correlation between MMEYX and PPVIX 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	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jun 3, 2004	0.95

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

Return for Risk

MMEYX vs. PPVIX — 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

PPVIX

PPVIX Risk / Return Rank: 46
PPVIX Sharpe Ratio Rank: 38
PPVIX Sortino Ratio Rank: 40
PPVIX Omega Ratio Rank: 36
PPVIX Calmar Ratio Rank: 66
PPVIX Martin Ratio Rank: 53

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. PPVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory Integrity Discovery Fund (MMEYX) and Principal SmallCap Value Fund II (PPVIX). 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	PPVIX	Difference
Sharpe ratio Return per unit of total volatility	2.85	1.80	+1.05
Sortino ratio Return per unit of downside risk	3.89	2.66	+1.23
Omega ratio Gain probability vs. loss probability	1.48	1.32	+0.16
Calmar ratio Return relative to maximum drawdown	6.56	3.13	+3.43
Martin ratio Return relative to average drawdown	20.19	10.79	+9.41
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. PPVIX - Sharpe Ratio Comparison

The current MMEYX Sharpe Ratio is 2.85, which is higher than the PPVIX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of MMEYX and PPVIX, 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	PPVIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.85	1.80	+1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.43	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.47	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.39	+0.11

Drawdowns

MMEYX vs. PPVIX - Drawdown Comparison

The maximum MMEYX drawdown since its inception was -69.05%, which is greater than PPVIX's maximum drawdown of -64.79%. Use the drawdown chart below to compare losses from any high point for MMEYX and PPVIX.

Drawdown Indicators

	MMEYX	PPVIX	Difference
Max Drawdown Largest peak-to-trough decline	-69.05%	-64.79%	-4.26%
Max Drawdown (1Y) Largest decline over 1 year	-8.19%	-9.21%	+1.02%
Max Drawdown (3Y) Largest decline over 3 years	-25.23%	-22.89%	-2.34%
Max Drawdown (5Y) Largest decline over 5 years	-26.82%	-22.89%	-3.93%
Max Drawdown (10Y) Largest decline over 10 years	-54.35%	-45.87%	-8.48%
Current Drawdown Current decline from peak	-0.79%	-1.94%	+1.15%
Average Drawdown Average peak-to-trough decline	-15.57%	-9.69%	-5.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	2.67%	-0.01%

Volatility

MMEYX vs. PPVIX - Volatility Comparison

Victory Integrity Discovery Fund (MMEYX) has a higher volatility of 5.14% compared to Principal SmallCap Value Fund II (PPVIX) at 3.70%. This indicates that MMEYX's price experiences larger fluctuations and is considered to be riskier than PPVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MMEYX	PPVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.14%	3.70%	+1.44%
Volatility (6M) Calculated over the trailing 6-month period	12.89%	10.79%	+2.10%
Volatility (1Y) Calculated over the trailing 1-year period	19.39%	16.64%	+2.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.36%	21.12%	+1.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.39%	22.64%	+2.75%

MMEYX vs. PPVIX - Expense Ratio Comparison

MMEYX has a 1.38% expense ratio, which is higher than PPVIX's 0.96% expense ratio.

Dividends

MMEYX vs. PPVIX - Dividend Comparison

MMEYX's dividend yield for the trailing twelve months is around 7.55%, less than PPVIX's 8.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
PPVIX Principal SmallCap Value Fund II	8.04%	8.88%	20.81%	3.11%	11.81%	15.05%	0.76%	0.88%	26.50%	6.37%	5.98%	11.97%

Frequently Asked Questions

Can I hold both MMEYX and PPVIX in my portfolio?

MMEYX and PPVIX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MMEYX or PPVIX?

MMEYX has higher volatility (5.14%) compared to PPVIX (3.70%). In terms of maximum drawdown, MMEYX dropped -69.05% vs PPVIX's -64.79%.

Which has better risk-adjusted returns?

MMEYX currently has the higher Sharpe Ratio (2.85 vs 1.80), 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.