QEVOX vs. UNAVX

Last updated Jun 26, 2026

QEVOX (Quantified Evolution Plus Fund) and UNAVX (USA Mutuals All Seasons Fund) are both Tactical Allocation funds. Over the past 5 years, QEVOX returned 8.32%/yr vs 5.66%/yr for UNAVX. At a 0.25 correlation, their price movements are largely independent. QEVOX charges 1.56%/yr vs 1.99%/yr for UNAVX.

Performance

QEVOX vs. UNAVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Quantified Evolution Plus Fund (QEVOX) and USA Mutuals All Seasons Fund (UNAVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QEVOX achieves a 45.27% return, which is significantly higher than UNAVX's -3.13% return.

QEVOX

• 1D: 0.00%
• 1M: -9.74%
• YTD: 45.27%
• 6M: 40.95%
• 1Y: 66.07%
• 3Y*: 22.30%
• 5Y*: 8.32%
• 10Y*: —

UNAVX

• 1D: -0.08%
• 1M: -1.22%
• YTD: -3.13%
• 6M: -3.35%
• 1Y: -0.92%
• 3Y*: 2.23%
• 5Y*: 5.66%
• 10Y*: —

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

QEVOX vs. UNAVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
QEVOX Quantified Evolution Plus Fund	45.27%	8.67%	14.79%	1.22%	-24.02%	14.49%	-1.82%	-1.96%
UNAVX USA Mutuals All Seasons Fund	-3.13%	1.91%	6.76%	3.44%	6.91%	11.74%	-8.36%	7.55%

Correlation

The correlation between QEVOX and UNAVX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019	0.25

Return for Risk

QEVOX vs. UNAVX — Risk / Return Rank

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

QEVOX

QEVOX Risk / Return Rank: 80
QEVOX Sharpe Ratio Rank: 85
QEVOX Sortino Ratio Rank: 69
QEVOX Omega Ratio Rank: 78
QEVOX Calmar Ratio Rank: 83
QEVOX Martin Ratio Rank: 88

UNAVX

UNAVX Risk / Return Rank: 2
UNAVX Sharpe Ratio Rank: 3
UNAVX Sortino Ratio Rank: 2
UNAVX Omega Ratio Rank: 2
UNAVX Calmar Ratio Rank: 3
UNAVX Martin Ratio Rank: 3

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.

QEVOX vs. UNAVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Quantified Evolution Plus Fund (QEVOX) and USA Mutuals All Seasons Fund (UNAVX). 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.

	QEVOX	UNAVX	Difference
Sharpe ratio: Return per unit of total volatility	2.38	-0.18	+2.56
Sortino ratio: Return per unit of downside risk	2.83	-0.21	+3.04
Omega ratio: Gain probability vs. loss probability	1.42	0.96	+0.46
Calmar ratio: Return relative to maximum drawdown	3.35	-0.11	+3.46
Martin ratio: Return relative to average drawdown	14.24	-0.24	+14.47

QEVOX vs. UNAVX - Sharpe Ratio Comparison

The current QEVOX Sharpe Ratio is 2.38, which is higher than the UNAVX Sharpe Ratio of -0.18. The chart below compares the historical Sharpe Ratios of QEVOX and UNAVX, 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

QEVOX vs. UNAVX - Drawdown Comparison

The maximum QEVOX drawdown since its inception was -28.47%, smaller than the maximum UNAVX drawdown of -30.05%. Use the drawdown chart below to compare losses from any high point for QEVOX and UNAVX.

Drawdown Indicators

	QEVOX	UNAVX	Difference
Max Drawdown Largest peak-to-trough decline	-28.47%	-30.05%	+1.58%
Max Drawdown (1Y) Largest decline over 1 year	-19.83%	-8.10%	-11.73%
Max Drawdown (3Y) Largest decline over 3 years	-21.21%	-8.10%	-13.11%
Max Drawdown (5Y) Largest decline over 5 years	-27.40%	-8.10%	-19.30%
Current Drawdown Current decline from peak	-14.87%	-6.22%	-8.65%
Average Drawdown Average peak-to-trough decline	-13.86%	-4.75%	-9.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.66%	3.90%	+0.76%

Volatility

QEVOX vs. UNAVX - Volatility Comparison

Quantified Evolution Plus Fund (QEVOX) has a higher volatility of 13.35% compared to USA Mutuals All Seasons Fund (UNAVX) at 2.09%. This indicates that QEVOX's price experiences larger fluctuations and is considered to be riskier than UNAVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QEVOX	UNAVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.35%	2.09%	+11.26%
Volatility (6M) Calculated over the trailing 6-month period	25.23%	4.26%	+20.97%
Volatility (1Y) Calculated over the trailing 1-year period	27.95%	5.17%	+22.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.69%	7.75%	+12.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.18%	12.79%	+9.39%

QEVOX vs. UNAVX - Expense Ratio Comparison

QEVOX has a 1.56% expense ratio, which is lower than UNAVX's 1.99% expense ratio.

Dividends

QEVOX vs. UNAVX - Dividend Comparison

QEVOX's dividend yield for the trailing twelve months is around 45.66%, more than UNAVX's 2.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
QEVOX Quantified Evolution Plus Fund	45.66%	66.34%	10.32%	24.53%	0.07%	13.55%	2.29%	0.15%	0.00%	0.00%
UNAVX USA Mutuals All Seasons Fund	2.60%	2.52%	2.88%	1.62%	0.00%	0.00%	0.00%	5.70%	0.85%	0.61%

Frequently Asked Questions

Can I hold both QEVOX and UNAVX in my portfolio?

QEVOX and UNAVX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QEVOX or UNAVX?

QEVOX has higher volatility (13.35%) compared to UNAVX (2.09%). In terms of maximum drawdown, QEVOX dropped -28.47% vs UNAVX's -30.05%.

Which has better risk-adjusted returns?

QEVOX currently has the higher Sharpe Ratio (2.38 vs -0.18), 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.