QFITX vs. CBYYX
QFITX (Quantified Tactical Fixed Income Fund) and CBYYX (Victory Pioneer Cat Bond Fund Class Y) are both Nontraditional Bonds funds. Over the past year, QFITX returned -7.20% vs 10.94% for CBYYX. At a 0.01 correlation, their price movements are largely independent. QFITX charges 1.56%/yr vs 1.46%/yr for CBYYX.
Performance
QFITX vs. CBYYX - Performance Comparison
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Returns By Period
In the year-to-date period, QFITX achieves a -4.59% return, which is significantly lower than CBYYX's 2.82% return.
QFITX
- 1D
- 0.00%
- 1M
- -0.51%
- YTD
- -4.59%
- 6M
- -4.52%
- 1Y
- -7.20%
- 3Y*
- -6.12%
- 5Y*
- -1.30%
- 10Y*
- —
CBYYX
- 1D
- 0.00%
- 1M
- 0.80%
- YTD
- 2.82%
- 6M
- 2.91%
- 1Y
- 10.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QFITX vs. CBYYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
QFITX Quantified Tactical Fixed Income Fund | -4.59% | -7.64% | -1.03% | -8.49% |
CBYYX Victory Pioneer Cat Bond Fund Class Y | 2.82% | 11.09% | 15.69% | 3.43% |
Correlation
The correlation between QFITX and CBYYX is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2023 | 0.01 |
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Return for Risk
QFITX vs. CBYYX — Risk / Return Rank
QFITX
CBYYX
QFITX vs. CBYYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Quantified Tactical Fixed Income Fund (QFITX) 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.
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.
| QFITX | CBYYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -10.22 | ||
| Sortino ratioReturn per unit of downside risk | -32.82 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 9.36 | -8.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 122.08 | -122.78 |
| Martin ratioReturn relative to average drawdown | -1.46 | 440.55 | -442.01 |
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Drawdowns
QFITX vs. CBYYX - Drawdown Comparison
The maximum QFITX drawdown since its inception was -38.03%, which is greater than CBYYX's maximum drawdown of -8.72%. Use the drawdown chart below to compare losses from any high point for QFITX and CBYYX.
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Drawdown Indicators
| QFITX | CBYYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.03% | -8.72% | -29.31% |
Max Drawdown (1Y)Largest decline over 1 year | -8.67% | -0.09% | -8.58% |
Max Drawdown (3Y)Largest decline over 3 years | -20.64% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -38.03% | — | — |
Current DrawdownCurrent decline from peak | -37.67% | 0.00% | -37.67% |
Average DrawdownAverage peak-to-trough decline | -19.36% | -1.28% | -18.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.18% | 0.03% | +4.15% |
Volatility
QFITX vs. CBYYX - Volatility Comparison
Quantified Tactical Fixed Income Fund (QFITX) has a higher volatility of 1.10% compared to Victory Pioneer Cat Bond Fund Class Y (CBYYX) at 0.21%. This indicates that QFITX'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.
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Volatility by Period
| QFITX | CBYYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 0.21% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 4.18% | 0.62% | +3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.45% | 1.22% | +4.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.20% | 8.13% | +13.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.20% | 8.13% | +12.07% |
QFITX vs. CBYYX - Expense Ratio Comparison
QFITX has a 1.56% expense ratio, which is higher than CBYYX's 1.46% expense ratio.
Dividends
QFITX vs. CBYYX - Dividend Comparison
QFITX's dividend yield for the trailing twelve months is around 16.08%, more than CBYYX's 8.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CBYYX Victory Pioneer Cat Bond Fund Class Y | 8.89% | 9.14% | 10.33% | 9.41% | 0.00% | 0.00% | 0.00% | 0.00% |
QFITX Quantified Tactical Fixed Income Fund | 16.08% | 12.72% | 3.70% | 0.08% | 0.15% | 29.15% | 2.12% | 4.28% |
Frequently Asked Questions
QFITX and CBYYX have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QFITX has higher volatility (1.10%) compared to CBYYX (0.21%). In terms of maximum drawdown, QFITX dropped -38.03% vs CBYYX's -8.72%.
CBYYX currently has the higher Sharpe Ratio (9.10 vs -1.13), 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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