MUXYX vs. SCPIX
MUXYX (Victory S&P 500 Index Fund) and SCPIX (DWS S&P 500 Index Fund) are both S&P 500 funds tracking the S&P 500 Index, from Victory and DWS respectively. Both are passively managed. Over the past 10 years, MUXYX returned 15.04%/yr vs 15.42%/yr for SCPIX. With a 1.00 correlation, they move nearly in lockstep. MUXYX charges 0.44%/yr vs 0.29%/yr for SCPIX.
Performance
MUXYX vs. SCPIX - Performance Comparison
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Returns By Period
In the year-to-date period, MUXYX achieves a 7.88% return, which is significantly higher than SCPIX's 6.58% return. Both investments have delivered pretty close results over the past 10 years, with MUXYX having a 15.04% annualized return and SCPIX not far ahead at 15.42%.
MUXYX
- 1D
- -0.10%
- 1M
- -2.08%
- YTD
- 7.88%
- 6M
- 6.55%
- 1Y
- 21.69%
- 3Y*
- 20.25%
- 5Y*
- 12.52%
- 10Y*
- 15.04%
SCPIX
- 1D
- -0.09%
- 1M
- -3.33%
- YTD
- 6.58%
- 6M
- 5.25%
- 1Y
- 20.31%
- 3Y*
- 19.82%
- 5Y*
- 12.37%
- 10Y*
- 15.42%
MUXYX vs. SCPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MUXYX Victory S&P 500 Index Fund | 7.88% | 17.17% | 24.62% | 25.70% | -18.49% | 28.01% | 17.91% | 30.85% | -4.84% | 21.27% |
SCPIX DWS S&P 500 Index Fund | 6.58% | 17.21% | 24.65% | 25.97% | -18.46% | 27.85% | 18.21% | 34.99% | -4.58% | 21.43% |
Correlation
The correlation between MUXYX and SCPIX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1998 | 1.00 |
The correlation between MUXYX and SCPIX has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.
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Return for Risk
MUXYX vs. SCPIX — Risk / Return Rank
MUXYX
SCPIX
MUXYX vs. SCPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Victory S&P 500 Index Fund (MUXYX) and DWS S&P 500 Index Fund (SCPIX). 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 | SCPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.30 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 2.29 | +0.13 |
| Martin ratioReturn relative to average drawdown | 10.77 | 10.06 | +0.71 |
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Drawdowns
MUXYX vs. SCPIX - Drawdown Comparison
The maximum MUXYX drawdown since its inception was -55.74%, roughly equal to the maximum SCPIX drawdown of -55.46%. Use the drawdown chart below to compare losses from any high point for MUXYX and SCPIX.
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Drawdown Indicators
| MUXYX | SCPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.74% | -55.46% | -0.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -8.94% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -27.62% | -18.99% | -8.63% |
Max Drawdown (5Y)Largest decline over 5 years | -28.47% | -24.66% | -3.81% |
Max Drawdown (10Y)Largest decline over 10 years | -33.79% | -33.85% | +0.06% |
Current DrawdownCurrent decline from peak | -3.24% | -4.50% | +1.26% |
Average DrawdownAverage peak-to-trough decline | -9.56% | -10.61% | +1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 2.03% | -0.01% |
Volatility
MUXYX vs. SCPIX - Volatility Comparison
The current volatility for Victory S&P 500 Index Fund (MUXYX) is 4.88%, while DWS S&P 500 Index Fund (SCPIX) has a volatility of 5.43%. This indicates that MUXYX experiences smaller price fluctuations and is considered to be less risky than SCPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUXYX | SCPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 5.43% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 9.90% | 10.18% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.55% | 12.76% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.53% | 16.98% | +2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.34% | 18.14% | +1.20% |
MUXYX vs. SCPIX - Expense Ratio Comparison
MUXYX has a 0.44% expense ratio, which is higher than SCPIX's 0.29% expense ratio.
Dividends
MUXYX vs. SCPIX - Dividend Comparison
MUXYX's dividend yield for the trailing twelve months is around 7.59%, more than SCPIX's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUXYX Victory S&P 500 Index Fund | 7.59% | 8.00% | 16.75% | 5.84% | 8.25% | 7.94% | 7.27% | 13.51% | 12.31% | 17.31% | 8.03% | 11.65% |
SCPIX DWS S&P 500 Index Fund | 3.86% | 4.09% | 5.65% | 7.18% | 5.57% | 5.28% | 6.91% | 7.88% | 8.14% | 6.05% | 4.83% | 4.04% |
Frequently Asked Questions
With a correlation of 0.99, MUXYX and SCPIX 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.
SCPIX has higher volatility (5.43%) compared to MUXYX (4.88%). In terms of maximum drawdown, MUXYX dropped -55.74% vs SCPIX's -55.46%.
MUXYX currently has the higher Sharpe Ratio (1.74 vs 1.61), 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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