RSEGX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Victory RS Small Cap Growth Fund (RSEGX) and S&P 500 Index (^GSPC).

RSEGX is managed by Victory. It was launched on Nov 30, 1987.

Performance

RSEGX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victory RS Small Cap Growth Fund (RSEGX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

RSEGX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSEGX Victory RS Small Cap Growth Fund	-3.91%	0.88%	11.08%	19.80%	-37.08%	-11.57%	37.83%	37.94%	-9.31%	36.88%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

The year-to-date returns for both stocks are quite close, with RSEGX having a -3.91% return and ^GSPC slightly lower at -3.95%. Over the past 10 years, RSEGX has underperformed ^GSPC with an annualized return of 6.70%, while ^GSPC has yielded a comparatively higher 12.24% annualized return.

RSEGX

• 1D: 4.52%
• 1M: -7.43%
• YTD: -3.91%
• 6M: -1.45%
• 1Y: 15.74%
• 3Y*: 6.33%
• 5Y*: -6.26%
• 10Y*: 6.70%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

RSEGX vs. ^GSPC — Risk / Return Rank

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

RSEGX

RSEGX Risk / Return Rank: 24
RSEGX Sharpe Ratio Rank: 21
RSEGX Sortino Ratio Rank: 24
RSEGX Omega Ratio Rank: 20
RSEGX Calmar Ratio Rank: 29
RSEGX Martin Ratio Rank: 27

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

RSEGX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory RS Small Cap Growth Fund (RSEGX) and S&P 500 Index (^GSPC). 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.

	RSEGX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.62	0.92	-0.30
Sortino ratio Return per unit of downside risk	1.03	1.41	-0.38
Omega ratio Gain probability vs. loss probability	1.13	1.21	-0.08
Calmar ratio Return relative to maximum drawdown	0.93	1.41	-0.48
Martin ratio Return relative to average drawdown	3.24	6.61	-3.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSEGX vs. ^GSPC - Sharpe Ratio Comparison

The current RSEGX Sharpe Ratio is 0.62, which is lower than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of RSEGX and ^GSPC, 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

	RSEGX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.62	0.92	-0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.23	0.61	-0.84
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.26	0.68	-0.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.46	-0.10

Correlation

The correlation between RSEGX and ^GSPC is 0.77, 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.

Drawdowns

RSEGX vs. ^GSPC - Drawdown Comparison

The maximum RSEGX drawdown since its inception was -82.12%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for RSEGX and ^GSPC.

Drawdown Indicators

	RSEGX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-82.12%	-56.78%	-25.34%
Max Drawdown (1Y) Largest decline over 1 year	-15.15%	-12.14%	-3.01%
Max Drawdown (5Y) Largest decline over 5 years	-49.10%	-25.43%	-23.67%
Max Drawdown (10Y) Largest decline over 10 years	-52.89%	-33.92%	-18.97%
Current Drawdown Current decline from peak	-35.68%	-5.78%	-29.90%
Average Drawdown Average peak-to-trough decline	-32.89%	-10.75%	-22.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.36%	2.60%	+1.76%

Volatility

RSEGX vs. ^GSPC - Volatility Comparison

Victory RS Small Cap Growth Fund (RSEGX) has a higher volatility of 9.39% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that RSEGX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSEGX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.39%	5.37%	+4.02%
Volatility (6M) Calculated over the trailing 6-month period	16.20%	9.55%	+6.65%
Volatility (1Y) Calculated over the trailing 1-year period	25.72%	18.33%	+7.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.46%	16.90%	+10.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.00%	18.05%	+7.95%