NTIIX vs. CBYYX

Last updated Apr 2, 2026

Compare and contrast key facts about Navigator Tactical Investment Grade Bond Fund (NTIIX) and Victory Pioneer Cat Bond Fund Class Y (CBYYX).

NTIIX is managed by Navigator Funds. It was launched on Aug 30, 2021. CBYYX is an actively managed fund by Victory. It was launched on Jan 27, 2023.

Performance

NTIIX vs. CBYYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Navigator Tactical Investment Grade Bond Fund (NTIIX) and Victory Pioneer Cat Bond Fund Class Y (CBYYX). The values are adjusted to include any dividend payments, if applicable.

NTIIX vs. CBYYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
NTIIX Navigator Tactical Investment Grade Bond Fund	-1.45%	2.16%	-0.85%	9.34%
CBYYX Victory Pioneer Cat Bond Fund Class Y	1.27%	11.09%	15.69%	3.43%

Returns By Period

In the year-to-date period, NTIIX achieves a -1.45% return, which is significantly lower than CBYYX's 1.27% return.

NTIIX

• 1D: 0.00%
• 1M: -2.23%
• YTD: -1.45%
• 6M: -1.19%
• 1Y: -0.10%
• 3Y*: 2.83%
• 5Y*: —
• 10Y*: —

CBYYX

• 1D: 0.00%
• 1M: 0.27%
• YTD: 1.27%
• 6M: 3.33%
• 1Y: 10.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NTIIX vs. CBYYX - Expense Ratio Comparison

NTIIX has a 1.01% expense ratio, which is lower than CBYYX's 1.46% expense ratio.

CBYYX

Victory Pioneer Cat Bond Fund Class Y

NTIIX

Navigator Tactical Investment Grade Bond Fund

Return for Risk

NTIIX vs. CBYYX — Risk / Return Rank

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

NTIIX

NTIIX Risk / Return Rank: 4
NTIIX Sharpe Ratio Rank: 5
NTIIX Sortino Ratio Rank: 4
NTIIX Omega Ratio Rank: 4
NTIIX Calmar Ratio Rank: 5
NTIIX Martin Ratio Rank: 5

CBYYX

CBYYX Risk / Return Rank: 100
CBYYX Sharpe Ratio Rank: 100
CBYYX Sortino Ratio Rank: 100
CBYYX Omega Ratio Rank: 100
CBYYX Calmar Ratio Rank: 100
CBYYX Martin Ratio Rank: 100

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.

NTIIX vs. CBYYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Navigator Tactical Investment Grade Bond Fund (NTIIX) and Victory Pioneer Cat Bond Fund Class Y (CBYYX). 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.

	NTIIX	CBYYX	Difference
Sharpe ratio Return per unit of total volatility	0.10	8.54	-8.44
Sortino ratio Return per unit of downside risk	0.16	25.47	-25.30
Omega ratio Gain probability vs. loss probability	1.02	6.68	-5.66
Calmar ratio Return relative to maximum drawdown	0.10	59.32	-59.23
Martin ratio Return relative to average drawdown	0.24	312.31	-312.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NTIIX vs. CBYYX - Sharpe Ratio Comparison

The current NTIIX Sharpe Ratio is 0.10, which is lower than the CBYYX Sharpe Ratio of 8.54. The chart below compares the historical Sharpe Ratios of NTIIX and CBYYX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NTIIX	CBYYX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.10	8.54	-8.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	1.46	-1.45

Correlation

The correlation between NTIIX and CBYYX is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NTIIX vs. CBYYX - Dividend Comparison

NTIIX's dividend yield for the trailing twelve months is around 4.30%, less than CBYYX's 9.02% yield.

	TTM	2025	2024	2023	2022	2021
NTIIX Navigator Tactical Investment Grade Bond Fund	4.30%	4.07%	4.24%	3.85%	1.63%	0.22%
CBYYX Victory Pioneer Cat Bond Fund Class Y	9.02%	9.14%	10.33%	9.41%	0.00%	0.00%

Drawdowns

NTIIX vs. CBYYX - Drawdown Comparison

The maximum NTIIX drawdown since its inception was -12.35%, which is greater than CBYYX's maximum drawdown of -8.72%. Use the drawdown chart below to compare losses from any high point for NTIIX and CBYYX.

Drawdown Indicators

	NTIIX	CBYYX	Difference
Max Drawdown Largest peak-to-trough decline	-12.35%	-8.72%	-3.63%
Max Drawdown (1Y) Largest decline over 1 year	-4.77%	-0.18%	-4.59%
Current Drawdown Current decline from peak	-4.03%	0.00%	-4.03%
Average Drawdown Average peak-to-trough decline	-5.21%	-1.40%	-3.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	0.03%	+1.88%

Volatility

NTIIX vs. CBYYX - Volatility Comparison

Navigator Tactical Investment Grade Bond Fund (NTIIX) has a higher volatility of 1.90% compared to Victory Pioneer Cat Bond Fund Class Y (CBYYX) at 0.27%. This indicates that NTIIX's price experiences larger fluctuations and is considered to be riskier than CBYYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NTIIX	CBYYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.90%	0.27%	+1.63%
Volatility (6M) Calculated over the trailing 6-month period	2.88%	0.63%	+2.25%
Volatility (1Y) Calculated over the trailing 1-year period	4.76%	1.27%	+3.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.08%	8.49%	-3.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.08%	8.49%	-3.41%