MUXYX vs. QTUM

Last updated Jun 24, 2026

MUXYX (Victory S&P 500 Index Fund) and QTUM (Defiance Quantum ETF) are both funds - MUXYX is a S&P 500 fund tracking the S&P 500 Index, while QTUM is a Technology Equities fund tracking the BlueStar Machine Learning and Quantum Computing Index. Both are passively managed. Over the past 5 years, MUXYX returned 13.08%/yr vs 28.34%/yr for QTUM. Their correlation of 0.82 suggests significant overlap in exposure. MUXYX charges 0.44%/yr vs 0.40%/yr for QTUM.

Performance

MUXYX vs. QTUM - Performance Comparison

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

Returns By Period

In the year-to-date period, MUXYX achieves a 9.56% return, which is significantly lower than QTUM's 49.25% return.

MUXYX

• 1D: -0.36%
• 1M: 0.07%
• YTD: 9.56%
• 6M: 8.55%
• 1Y: 24.94%
• 3Y*: 20.88%
• 5Y*: 13.08%
• 10Y*: 15.22%

QTUM

• 1D: -3.12%
• 1M: 6.45%
• YTD: 49.25%
• 6M: 46.84%
• 1Y: 87.39%
• 3Y*: 51.19%
• 5Y*: 28.34%
• 10Y*: —

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

MUXYX vs. QTUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MUXYX Victory S&P 500 Index Fund	9.56%	17.17%	24.62%	25.70%	-18.49%	28.01%	17.91%	30.85%	-13.11%
QTUM Defiance Quantum ETF	49.25%	36.65%	50.54%	39.86%	-28.80%	35.18%	42.05%	47.99%	-19.44%

Correlation

The correlation between MUXYX and QTUM is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Sep 5, 2018	0.82

The correlation between MUXYX and QTUM has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.

Return for Risk

MUXYX vs. QTUM — Risk / Return Rank

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

MUXYX

MUXYX Risk / Return Rank: 61
MUXYX Sharpe Ratio Rank: 60
MUXYX Sortino Ratio Rank: 54
MUXYX Omega Ratio Rank: 57
MUXYX Calmar Ratio Rank: 63
MUXYX Martin Ratio Rank: 74

QTUM

QTUM Risk / Return Rank: 88
QTUM Sharpe Ratio Rank: 91
QTUM Sortino Ratio Rank: 83
QTUM Omega Ratio Rank: 83
QTUM Calmar Ratio Rank: 92
QTUM Martin Ratio Rank: 91

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. QTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory S&P 500 Index Fund (MUXYX) and Defiance Quantum ETF (QTUM). 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	QTUM	Difference
Sharpe ratio: Return per unit of total volatility	2.10	3.02	-0.92
Sortino ratio: Return per unit of downside risk	2.85	3.51	-0.66
Omega ratio: Gain probability vs. loss probability	1.38	1.47	-0.09
Calmar ratio: Return relative to maximum drawdown	2.91	5.76	-2.84
Martin ratio: Return relative to average drawdown	13.10	20.75	-7.65

MUXYX vs. QTUM - Sharpe Ratio Comparison

The current MUXYX Sharpe Ratio is 2.10, which is lower than the QTUM Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of MUXYX and QTUM, 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. QTUM - Drawdown Comparison

The maximum MUXYX drawdown since its inception was -55.74%, which is greater than QTUM's maximum drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for MUXYX and QTUM.

Drawdown Indicators

	MUXYX	QTUM	Difference
Max Drawdown Largest peak-to-trough decline	-55.74%	-38.45%	-17.29%
Max Drawdown (1Y) Largest decline over 1 year	-9.01%	-15.26%	+6.25%
Max Drawdown (3Y) Largest decline over 3 years	-27.62%	-25.39%	-2.23%
Max Drawdown (5Y) Largest decline over 5 years	-28.47%	-38.45%	+9.98%
Max Drawdown (10Y) Largest decline over 10 years	-33.79%	—	—
Current Drawdown Current decline from peak	-1.73%	-3.21%	+1.48%
Average Drawdown Average peak-to-trough decline	-9.56%	-8.22%	-1.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	4.23%	-2.23%

Volatility

MUXYX vs. QTUM - Volatility Comparison

The current volatility for Victory S&P 500 Index Fund (MUXYX) is 4.68%, while Defiance Quantum ETF (QTUM) has a volatility of 14.89%. This indicates that MUXYX experiences smaller price fluctuations and is considered to be less risky than QTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MUXYX	QTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.68%	14.89%	-10.21%
Volatility (6M) Calculated over the trailing 6-month period	9.84%	23.70%	-13.86%
Volatility (1Y) Calculated over the trailing 1-year period	12.51%	29.10%	-16.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.52%	27.17%	-7.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.37%	27.48%	-8.11%

MUXYX vs. QTUM - Expense Ratio Comparison

MUXYX has a 0.44% expense ratio, which is higher than QTUM's 0.40% expense ratio.

Dividends

MUXYX vs. QTUM - Dividend Comparison

MUXYX's dividend yield for the trailing twelve months is around 7.48%, more than QTUM's 0.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MUXYX Victory S&P 500 Index Fund	7.48%	8.00%	16.75%	5.84%	8.25%	7.94%	7.27%	13.51%	12.31%	17.31%	8.03%	11.65%
QTUM Defiance Quantum ETF	0.72%	1.01%	0.61%	0.81%	1.46%	0.48%	0.42%	0.61%	0.21%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MUXYX and QTUM in my portfolio?

MUXYX and QTUM have a correlation of 0.81, 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 QTUM?

QTUM has higher volatility (14.89%) compared to MUXYX (4.68%). In terms of maximum drawdown, MUXYX dropped -55.74% vs QTUM's -38.45%.

Which has better risk-adjusted returns?

QTUM currently has the higher Sharpe Ratio (3.02 vs 2.10), 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.