MMEYX vs. PZVSX
MMEYX (Victory Integrity Discovery Fund) and PZVSX (Pzena Small Cap Value Fund) are both Small Cap Value Equities funds. Over the past 5 years, MMEYX returned 12.64%/yr vs 8.65%/yr for PZVSX. Their correlation of 0.92 means they have usually moved in the same direction. MMEYX charges 1.38%/yr vs 1.52%/yr for PZVSX.
Performance
MMEYX vs. PZVSX - Performance Comparison
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Returns By Period
In the year-to-date period, MMEYX achieves a 35.19% return, which is significantly higher than PZVSX's 23.63% return.
MMEYX
- 1D
- -0.24%
- 1M
- 0.33%
- 6M
- 22.34%
- YTD
- 35.19%
- 1Y
- 57.07%
- 3Y*
- 21.84%
- 5Y*
- 12.64%
- 10Y*
- 12.64%
- ALL TIME*
- 12.07%
PZVSX
- 1D
- -0.25%
- 1M
- 3.10%
- 6M
- 12.71%
- YTD
- 23.63%
- 1Y
- 31.75%
- 3Y*
- 9.23%
- 5Y*
- 8.65%
- 10Y*
- —
- ALL TIME*
- 7.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MMEYX vs. PZVSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MMEYX Victory Integrity Discovery Fund | 35.19% | 14.25% | 11.36% | 14.83% | -12.01% | 37.20% | -1.34% | 21.60% | -16.10% | 11.07% |
PZVSX Pzena Small Cap Value Fund | 23.63% | -4.94% | 1.62% | 25.62% | -5.33% | 27.93% | -0.09% | 24.84% | -15.19% | 2.10% |
Correlation
The correlation between MMEYX and PZVSX is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.92 |
The correlation between MMEYX and PZVSX has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.
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Return for Risk
MMEYX vs. PZVSX — Risk / Return Rank
MMEYX
PZVSX
MMEYX vs. PZVSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Victory Integrity Discovery Fund (MMEYX) and Pzena Small Cap Value Fund (PZVSX). 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.
| MMEYX | PZVSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.23 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 6.59 | 1.84 | +4.75 |
| Martin ratioReturn relative to average drawdown | 21.30 | 4.67 | +16.63 |
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Drawdowns
MMEYX vs. PZVSX - Drawdown Comparison
The maximum MMEYX drawdown since its inception was -69.05%, which is greater than PZVSX's maximum drawdown of -54.22%. Use the drawdown chart below to compare losses from any high point for MMEYX and PZVSX.
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Drawdown Indicators
| MMEYX | PZVSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.05% | -54.22% | -14.83% |
Max Drawdown (1Y)Largest decline over 1 year | -8.19% | -15.26% | +7.07% |
Max Drawdown (3Y)Largest decline over 3 years | -25.23% | -32.43% | +7.20% |
Max Drawdown (5Y)Largest decline over 5 years | -26.82% | -32.43% | +5.61% |
Max Drawdown (10Y)Largest decline over 10 years | -54.35% | — | — |
Current DrawdownCurrent decline from peak | -1.57% | -2.15% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -15.49% | -10.34% | -5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 6.02% | -3.49% |
Volatility
MMEYX vs. PZVSX - Volatility Comparison
The current volatility for Victory Integrity Discovery Fund (MMEYX) is 4.29%, while Pzena Small Cap Value Fund (PZVSX) has a volatility of 5.76%. This indicates that MMEYX experiences smaller price fluctuations and is considered to be less risky than PZVSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MMEYX | PZVSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 5.76% | -1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 13.36% | 14.78% | -1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.37% | 21.70% | -2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.19% | 24.13% | -1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.37% | 27.36% | -1.99% |
MMEYX vs. PZVSX - Expense Ratio Comparison
MMEYX has a 1.38% expense ratio, which is lower than PZVSX's 1.52% expense ratio.
Dividends
MMEYX vs. PZVSX - Dividend Comparison
MMEYX's dividend yield for the trailing twelve months is around 7.16%, more than PZVSX's 1.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMEYX Victory Integrity Discovery Fund | 7.16% | 9.68% | 8.36% | 1.33% | 8.53% | 4.34% | 0.00% | 2.17% | 14.87% | 10.31% | 3.73% | 7.64% |
PZVSX Pzena Small Cap Value Fund | 1.89% | 2.33% | 7.03% | 0.45% | 17.31% | 1.25% | 1.39% | 0.00% | 4.56% | 7.54% | 0.00% | 0.00% |
Frequently Asked Questions
MMEYX and PZVSX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PZVSX has higher volatility (5.76%) compared to MMEYX (4.29%). In terms of maximum drawdown, MMEYX dropped -69.05% vs PZVSX's -54.22%.
MMEYX currently has the higher Sharpe Ratio (2.79 vs 1.30), 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.
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