RSNRX vs. SHOC

Last updated Jun 23, 2026

RSNRX (Victory Global Energy Transition Fund) and SHOC (Strive U.S. Semiconductor ETF) are both funds - RSNRX is a Energy Equities fund managed by Victory, while SHOC is a Semiconductors fund tracking the Bloomberg US Listed Semiconductors Select Index - Benchmark TR Gross. Over the past 3 years, RSNRX returned 31.23%/yr vs 56.12%/yr for SHOC. At a 0.43 correlation, their price movements are largely independent. RSNRX charges 1.48%/yr vs 0.40%/yr for SHOC.

Performance

RSNRX vs. SHOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victory Global Energy Transition Fund (RSNRX) and Strive U.S. Semiconductor ETF (SHOC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSNRX achieves a 33.65% return, which is significantly lower than SHOC's 81.69% return.

RSNRX

• 1D: -0.67%
• 1M: -1.17%
• YTD: 33.65%
• 6M: 34.00%
• 1Y: 93.48%
• 3Y*: 31.23%
• 5Y*: 31.12%
• 10Y*: 12.71%

SHOC

• 1D: 1.74%
• 1M: 15.76%
• YTD: 81.69%
• 6M: 81.47%
• 1Y: 152.44%
• 3Y*: 56.12%
• 5Y*: —
• 10Y*: —

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

RSNRX vs. SHOC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RSNRX Victory Global Energy Transition Fund	33.65%	69.60%	15.94%	-8.64%	2.25%
SHOC Strive U.S. Semiconductor ETF	81.69%	49.91%	16.74%	61.97%	-1.79%

Correlation

The correlation between RSNRX and SHOC is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (All Time) Calculated using the full available price history since Oct 6, 2022	0.43

The correlation between RSNRX and SHOC shifts across timeframes, from 0.30 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RSNRX vs. SHOC — Risk / Return Rank

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

RSNRX

RSNRX Risk / Return Rank: 95
RSNRX Sharpe Ratio Rank: 99
RSNRX Sortino Ratio Rank: 94
RSNRX Omega Ratio Rank: 90
RSNRX Calmar Ratio Rank: 98
RSNRX Martin Ratio Rank: 97

SHOC

SHOC Risk / Return Rank: 95
SHOC Sharpe Ratio Rank: 97
SHOC Sortino Ratio Rank: 93
SHOC Omega Ratio Rank: 93
SHOC Calmar Ratio Rank: 97
SHOC Martin Ratio Rank: 96

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.

RSNRX vs. SHOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory Global Energy Transition Fund (RSNRX) and Strive U.S. Semiconductor ETF (SHOC). 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.

	RSNRX	SHOC	Difference
Sharpe ratio: Return per unit of total volatility	3.88	4.40	-0.52
Sortino ratio: Return per unit of downside risk	4.46	4.38	+0.08
Omega ratio: Gain probability vs. loss probability	1.62	1.61	+0.01
Calmar ratio: Return relative to maximum drawdown	7.74	10.51	-2.77
Martin ratio: Return relative to average drawdown	25.07	37.16	-12.09

RSNRX vs. SHOC - Sharpe Ratio Comparison

The current RSNRX Sharpe Ratio is 3.88, which is comparable to the SHOC Sharpe Ratio of 4.40. The chart below compares the historical Sharpe Ratios of RSNRX and SHOC, 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

RSNRX vs. SHOC - Drawdown Comparison

The maximum RSNRX drawdown since its inception was -89.73%, which is greater than SHOC's maximum drawdown of -37.54%. Use the drawdown chart below to compare losses from any high point for RSNRX and SHOC.

Drawdown Indicators

	RSNRX	SHOC	Difference
Max Drawdown Largest peak-to-trough decline	-89.73%	-37.54%	-52.19%
Max Drawdown (1Y) Largest decline over 1 year	-11.65%	-14.59%	+2.94%
Max Drawdown (3Y) Largest decline over 3 years	-25.44%	-37.54%	+12.10%
Max Drawdown (5Y) Largest decline over 5 years	-25.44%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-84.27%	—	—
Current Drawdown Current decline from peak	-3.68%	0.00%	-3.68%
Average Drawdown Average peak-to-trough decline	-25.89%	-7.44%	-18.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.59%	4.12%	-0.53%

Volatility

RSNRX vs. SHOC - Volatility Comparison

The current volatility for Victory Global Energy Transition Fund (RSNRX) is 7.10%, while Strive U.S. Semiconductor ETF (SHOC) has a volatility of 17.00%. This indicates that RSNRX experiences smaller price fluctuations and is considered to be less risky than SHOC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSNRX	SHOC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.10%	17.00%	-9.90%
Volatility (6M) Calculated over the trailing 6-month period	17.14%	28.12%	-10.98%
Volatility (1Y) Calculated over the trailing 1-year period	23.25%	34.93%	-11.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.93%	35.86%	-10.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.48%	35.86%	-4.38%

RSNRX vs. SHOC - Expense Ratio Comparison

RSNRX has a 1.48% expense ratio, which is higher than SHOC's 0.40% expense ratio.

Dividends

RSNRX vs. SHOC - Dividend Comparison

RSNRX's dividend yield for the trailing twelve months is around 3.28%, more than SHOC's 0.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
RSNRX Victory Global Energy Transition Fund	3.28%	4.38%	1.65%	2.36%	0.78%	0.00%	0.05%
SHOC Strive U.S. Semiconductor ETF	0.13%	0.23%	0.35%	0.65%	0.24%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RSNRX and SHOC in my portfolio?

RSNRX and SHOC have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSNRX or SHOC?

SHOC has higher volatility (17.00%) compared to RSNRX (7.10%). In terms of maximum drawdown, RSNRX dropped -89.73% vs SHOC's -37.54%.

Which has better risk-adjusted returns?

SHOC currently has the higher Sharpe Ratio (4.40 vs 3.88), 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.