MUXYX vs. IVES

Last updated Jun 23, 2026

MUXYX (Victory S&P 500 Index Fund) and IVES (Dan IVES Wedbush AI Revolution ETF) are both funds - MUXYX is a S&P 500 fund tracking the S&P 500 Index, while IVES is a Technology Equities fund tracking the Solactive Wedbush Artificial Intelligence Index. Both are passively managed. Over the past year, MUXYX returned 26.58% vs 45.84% for IVES. Their correlation of 0.80 suggests significant overlap in exposure. MUXYX charges 0.44%/yr vs 0.75%/yr for IVES.

Performance

MUXYX vs. IVES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victory S&P 500 Index Fund (MUXYX) and Dan IVES Wedbush AI Revolution ETF (IVES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MUXYX achieves a 9.95% return, which is significantly lower than IVES's 18.82% return.

MUXYX

• 1D: 1.09%
• 1M: 0.43%
• YTD: 9.95%
• 6M: 9.44%
• 1Y: 26.58%
• 3Y*: 20.46%
• 5Y*: 13.57%
• 10Y*: 15.00%

IVES

• 1D: -1.24%
• 1M: 0.83%
• YTD: 18.82%
• 6M: 16.32%
• 1Y: 45.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MUXYX vs. IVES - Yearly Performance Comparison

	2026 (YTD)	2025
MUXYX Victory S&P 500 Index Fund	9.95%	15.16%
IVES Dan IVES Wedbush AI Revolution ETF	18.82%	25.11%

Correlation

The correlation between MUXYX and IVES is 0.80, 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	0.80
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	0.80

The correlation between MUXYX and IVES has been stable across timeframes, ranging from 0.80 to 0.80 - a consistent structural relationship.

Return for Risk

MUXYX vs. IVES — Risk / Return Rank

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

MUXYX

MUXYX Risk / Return Rank: 63
MUXYX Sharpe Ratio Rank: 62
MUXYX Sortino Ratio Rank: 55
MUXYX Omega Ratio Rank: 58
MUXYX Calmar Ratio Rank: 64
MUXYX Martin Ratio Rank: 75

IVES

IVES Risk / Return Rank: 44
IVES Sharpe Ratio Rank: 52
IVES Sortino Ratio Rank: 46
IVES Omega Ratio Rank: 45
IVES Calmar Ratio Rank: 42
IVES Martin Ratio Rank: 37

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.

MUXYX vs. IVES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory S&P 500 Index Fund (MUXYX) and Dan IVES Wedbush AI Revolution ETF (IVES). 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.

	MUXYX	IVES	Difference
Sharpe ratio: Return per unit of total volatility	2.12	1.71	+0.41
Sortino ratio: Return per unit of downside risk	2.87	2.23	+0.64
Omega ratio: Gain probability vs. loss probability	1.38	1.29	+0.10
Calmar ratio: Return relative to maximum drawdown	2.94	2.03	+0.90
Martin ratio: Return relative to average drawdown	13.23	5.57	+7.66

MUXYX vs. IVES - Sharpe Ratio Comparison

The current MUXYX Sharpe Ratio is 2.12, which is comparable to the IVES Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of MUXYX and IVES, 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

MUXYX vs. IVES - Drawdown Comparison

The maximum MUXYX drawdown since its inception was -55.74%, which is greater than IVES's maximum drawdown of -22.64%. Use the drawdown chart below to compare losses from any high point for MUXYX and IVES.

Drawdown Indicators

	MUXYX	IVES	Difference
Max Drawdown Largest peak-to-trough decline	-55.74%	-22.64%	-33.10%
Max Drawdown (1Y) Largest decline over 1 year	-9.01%	-22.64%	+13.63%
Max Drawdown (3Y) Largest decline over 3 years	-27.62%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.47%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.79%	—	—
Current Drawdown Current decline from peak	-1.37%	-9.99%	+8.62%
Average Drawdown Average peak-to-trough decline	-9.56%	-5.80%	-3.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	8.25%	-6.25%

Volatility

MUXYX vs. IVES - Volatility Comparison

The current volatility for Victory S&P 500 Index Fund (MUXYX) is 4.78%, while Dan IVES Wedbush AI Revolution ETF (IVES) has a volatility of 11.55%. This indicates that MUXYX experiences smaller price fluctuations and is considered to be less risky than IVES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MUXYX	IVES	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.78%	11.55%	-6.77%
Volatility (6M) Calculated over the trailing 6-month period	9.91%	21.29%	-11.38%
Volatility (1Y) Calculated over the trailing 1-year period	12.48%	27.03%	-14.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.52%	26.59%	-7.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.36%	26.59%	-7.23%

MUXYX vs. IVES - Expense Ratio Comparison

MUXYX has a 0.44% expense ratio, which is lower than IVES's 0.75% expense ratio.

Dividends

MUXYX vs. IVES - Dividend Comparison

MUXYX's dividend yield for the trailing twelve months is around 7.45%, more than IVES's 0.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IVES Dan IVES Wedbush AI Revolution ETF	0.35%	0.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MUXYX Victory S&P 500 Index Fund	7.45%	8.00%	16.75%	5.84%	8.25%	7.94%	7.27%	13.51%	12.31%	17.31%	8.03%	11.65%

Frequently Asked Questions

Can I hold both MUXYX and IVES in my portfolio?

MUXYX and IVES have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MUXYX or IVES?

IVES has higher volatility (11.55%) compared to MUXYX (4.78%). In terms of maximum drawdown, MUXYX dropped -55.74% vs IVES's -22.64%.

Which has better risk-adjusted returns?

MUXYX currently has the higher Sharpe Ratio (2.12 vs 1.71), 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.