NCLEX vs. GPSCX

Last updated Apr 1, 2026

Compare and contrast key facts about Nicholas Limited Edition Fund (NCLEX) and Victory RS Small Cap Equity Fund (GPSCX).

NCLEX is managed by Nicholas. It was launched on May 18, 1987. GPSCX is managed by Victory. It was launched on May 1, 1997.

Performance

NCLEX vs. GPSCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nicholas Limited Edition Fund (NCLEX) and Victory RS Small Cap Equity Fund (GPSCX). The values are adjusted to include any dividend payments, if applicable.

NCLEX vs. GPSCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NCLEX Nicholas Limited Edition Fund	-14.46%	-10.41%	11.91%	17.17%	-23.71%	19.07%	22.67%	27.36%	-0.94%	19.93%
GPSCX Victory RS Small Cap Equity Fund	0.00%	-13.27%	24.26%	7.27%	-37.24%	-7.96%	37.80%	38.52%	-8.92%	37.59%

Returns By Period

NCLEX

• 1D: 0.09%
• 1M: -9.57%
• YTD: -14.46%
• 6M: -16.84%
• 1Y: -16.93%
• 3Y*: -2.12%
• 5Y*: -2.31%
• 10Y*: 6.64%

GPSCX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NCLEX vs. GPSCX - Expense Ratio Comparison

NCLEX has a 0.85% expense ratio, which is lower than GPSCX's 1.25% expense ratio.

GPSCX

Victory RS Small Cap Equity Fund

NCLEX

Nicholas Limited Edition Fund

Return for Risk

NCLEX vs. GPSCX — Risk / Return Rank

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

NCLEX

NCLEX Risk / Return Rank: 0
NCLEX Sharpe Ratio Rank: 0
NCLEX Sortino Ratio Rank: 0
NCLEX Omega Ratio Rank: 1
NCLEX Calmar Ratio Rank: 0
NCLEX Martin Ratio Rank: 0

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.

NCLEX vs. GPSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nicholas Limited Edition Fund (NCLEX) and Victory RS Small Cap Equity Fund (GPSCX). 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.

	NCLEX	GPSCX	Difference
Sharpe ratio Return per unit of total volatility	-0.87	—	—
Sortino ratio Return per unit of downside risk	-1.20	—	—
Omega ratio Gain probability vs. loss probability	0.86	—	—
Calmar ratio Return relative to maximum drawdown	-0.87	—	—
Martin ratio Return relative to average drawdown	-2.41	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NCLEX	GPSCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.87	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.12	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	—	—

Correlation

The correlation between NCLEX and GPSCX is 0.89, 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.

Dividends

NCLEX vs. GPSCX - Dividend Comparison

NCLEX's dividend yield for the trailing twelve months is around 8.81%, while GPSCX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NCLEX Nicholas Limited Edition Fund	8.81%	7.53%	2.51%	2.43%	6.22%	16.44%	5.10%	5.66%	10.72%	7.97%	10.68%	8.05%
GPSCX Victory RS Small Cap Equity Fund	0.00%	0.48%	0.00%	0.00%	11.02%	24.10%	22.25%	11.69%	33.03%	5.00%	0.00%	40.41%

Drawdowns

Drawdown Indicators

	NCLEX	GPSCX	Difference
Max Drawdown Largest peak-to-trough decline	-48.68%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-21.36%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.50%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.79%	—	—
Current Drawdown Current decline from peak	-28.44%	—	—
Average Drawdown Average peak-to-trough decline	-8.21%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	7.74%	—	—

Volatility

Volatility by Period

	NCLEX	GPSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.69%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.46%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.15%	—	—