MUXYX vs. QQQ
MUXYX (Victory S&P 500 Index Fund) and QQQ (Invesco QQQ ETF) are both funds - MUXYX is a S&P 500 fund tracking the S&P 500 Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, MUXYX returned 15.00%/yr vs 22.48%/yr for QQQ. Their correlation of 0.86 suggests significant overlap in exposure. MUXYX charges 0.44%/yr vs 0.18%/yr for QQQ.
Performance
MUXYX vs. QQQ - Performance Comparison
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Returns By Period
In the year-to-date period, MUXYX achieves a 9.95% return, which is significantly lower than QQQ's 20.41% return. Over the past 10 years, MUXYX has underperformed QQQ with an annualized return of 15.00%, while QQQ has yielded a comparatively higher 22.48% annualized 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%
QQQ
- 1D
- -0.25%
- 1M
- 2.96%
- YTD
- 20.41%
- 6M
- 19.46%
- 1Y
- 40.91%
- 3Y*
- 27.47%
- 5Y*
- 16.94%
- 10Y*
- 22.48%
MUXYX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MUXYX Victory S&P 500 Index Fund | 9.95% | 17.17% | 24.62% | 25.70% | -18.49% | 28.01% | 17.91% | 30.85% | -4.84% | 21.27% |
QQQ Invesco QQQ ETF | 20.41% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between MUXYX and QQQ is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 1999 | 0.86 |
The correlation between MUXYX and QQQ has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.
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Return for Risk
MUXYX vs. QQQ — Risk / Return Rank
MUXYX
QQQ
MUXYX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Victory S&P 500 Index Fund (MUXYX) and Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.41 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 3.44 | -0.50 |
| Martin ratioReturn relative to average drawdown | 13.23 | 12.79 | +0.44 |
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Drawdowns
MUXYX vs. QQQ - Drawdown Comparison
The maximum MUXYX drawdown since its inception was -55.74%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for MUXYX and QQQ.
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Drawdown Indicators
| MUXYX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.74% | -82.97% | +27.23% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -11.96% | +2.95% |
Max Drawdown (3Y)Largest decline over 3 years | -27.62% | -22.77% | -4.85% |
Max Drawdown (5Y)Largest decline over 5 years | -28.47% | -35.12% | +6.65% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | -35.12% | +1.33% |
Current DrawdownCurrent decline from peak | -1.37% | -0.99% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -9.56% | -32.73% | +23.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 3.21% | -1.21% |
Volatility
MUXYX vs. QQQ - Volatility Comparison
The current volatility for Victory S&P 500 Index Fund (MUXYX) is 4.78%, while Invesco QQQ ETF (QQQ) has a volatility of 8.47%. This indicates that MUXYX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUXYX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 8.47% | -3.69% |
Volatility (6M)Calculated over the trailing 6-month period | 9.91% | 14.20% | -4.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.48% | 17.67% | -5.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.52% | 22.64% | -3.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.36% | 22.43% | -3.07% |
MUXYX vs. QQQ - Expense Ratio Comparison
MUXYX has a 0.44% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Dividends
MUXYX vs. QQQ - Dividend Comparison
MUXYX's dividend yield for the trailing twelve months is around 7.45%, more than QQQ's 0.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
QQQ Invesco QQQ ETF | 0.49% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
With a correlation of 0.94, MUXYX and QQQ 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.
QQQ has higher volatility (8.47%) compared to MUXYX (4.78%). In terms of maximum drawdown, MUXYX dropped -55.74% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (2.33 vs 2.12), 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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