MODL vs. ^GSPC

Last updated Apr 1, 2026

Compare and contrast key facts about Victoryshares Westend U.S. Sector ETF (MODL) and S&P 500 Index (^GSPC).

MODL is an actively managed fund by Victory. It was launched on Oct 11, 2022.

Performance

MODL vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victoryshares Westend U.S. Sector ETF (MODL) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

MODL vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MODL Victoryshares Westend U.S. Sector ETF	-5.81%	18.99%	24.73%	23.74%	7.13%
^GSPC S&P 500 Index	-4.63%	16.39%	23.31%	24.23%	7.34%

Returns By Period

In the year-to-date period, MODL achieves a -5.81% return, which is significantly lower than ^GSPC's -4.63% return.

MODL

• 1D: 2.63%
• 1M: -5.37%
• YTD: -5.81%
• 6M: -2.92%
• 1Y: 16.01%
• 3Y*: 16.98%
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: 2.91%
• 1M: -5.09%
• YTD: -4.63%
• 6M: -2.39%
• 1Y: 16.33%
• 3Y*: 16.69%
• 5Y*: 10.18%
• 10Y*: 12.16%

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

Return for Risk

MODL vs. ^GSPC — Risk / Return Rank

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

MODL

MODL Risk / Return Rank: 58
MODL Sharpe Ratio Rank: 53
MODL Sortino Ratio Rank: 56
MODL Omega Ratio Rank: 58
MODL Calmar Ratio Rank: 60
MODL Martin Ratio Rank: 65

^GSPC

^GSPC Risk / Return Rank: 74
^GSPC Sharpe Ratio Rank: 69
^GSPC Sortino Ratio Rank: 68
^GSPC Omega Ratio Rank: 76
^GSPC Calmar Ratio Rank: 73
^GSPC 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.

MODL vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victoryshares Westend U.S. Sector ETF (MODL) and S&P 500 Index (^GSPC). 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.

	MODL	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.95	0.90	+0.05
Sortino ratio Return per unit of downside risk	1.46	1.39	+0.07
Omega ratio Gain probability vs. loss probability	1.22	1.21	+0.01
Calmar ratio Return relative to maximum drawdown	1.52	1.40	+0.12
Martin ratio Return relative to average drawdown	6.60	6.61	0.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MODL vs. ^GSPC - Sharpe Ratio Comparison

The current MODL Sharpe Ratio is 0.95, which is comparable to the ^GSPC Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of MODL and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MODL	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	0.90	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.33	0.46	+0.88

Correlation

The correlation between MODL and ^GSPC is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

MODL vs. ^GSPC - Drawdown Comparison

The maximum MODL drawdown since its inception was -17.60%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for MODL and ^GSPC.

Drawdown Indicators

	MODL	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-17.60%	-56.78%	+39.18%
Max Drawdown (1Y) Largest decline over 1 year	-10.88%	-12.14%	+1.26%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-7.03%	-6.45%	-0.58%
Average Drawdown Average peak-to-trough decline	-2.09%	-10.75%	+8.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	2.57%	-0.06%

Volatility

MODL vs. ^GSPC - Volatility Comparison

The current volatility for Victoryshares Westend U.S. Sector ETF (MODL) is 4.86%, while S&P 500 Index (^GSPC) has a volatility of 5.34%. This indicates that MODL experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MODL	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.86%	5.34%	-0.48%
Volatility (6M) Calculated over the trailing 6-month period	8.66%	9.54%	-0.88%
Volatility (1Y) Calculated over the trailing 1-year period	17.01%	18.33%	-1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.73%	16.91%	-2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.73%	18.05%	-3.32%