SBFCX vs. RSNRX
SBFCX (Victory INCORE Investment Grade Convertible Fund Class A) and RSNRX (Victory Global Energy Transition Fund) are both mutual funds - SBFCX is a Convertible Bonds fund managed by Victory, while RSNRX is a Energy Equities fund managed by Victory. Over the past 10 years, SBFCX returned 7.22%/yr vs 12.50%/yr for RSNRX. Their 0.56 correlation means they have sometimes moved together and sometimes differently. SBFCX charges 1.39%/yr vs 1.48%/yr for RSNRX.
Performance
SBFCX vs. RSNRX - Performance Comparison
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Returns By Period
In the year-to-date period, SBFCX achieves a 3.98% return, which is significantly lower than RSNRX's 28.25% return. Over the past 10 years, SBFCX has underperformed RSNRX with an annualized return of 7.22%, while RSNRX has yielded a comparatively higher 12.50% annualized return.
SBFCX
- 1D
- 0.59%
- 1M
- -0.95%
- 6M
- 3.13%
- YTD
- 3.98%
- 1Y
- 5.86%
- 3Y*
- 6.96%
- 5Y*
- 3.18%
- 10Y*
- 7.22%
- ALL TIME*
- 6.69%
RSNRX
- 1D
- 0.25%
- 1M
- -1.52%
- 6M
- 13.43%
- YTD
- 28.25%
- 1Y
- 73.87%
- 3Y*
- 26.82%
- 5Y*
- 29.40%
- 10Y*
- 12.50%
- ALL TIME*
- 8.27%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SBFCX vs. RSNRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SBFCX Victory INCORE Investment Grade Convertible Fund Class A | 3.98% | 5.07% | 9.48% | 7.98% | -11.63% | 10.90% | 11.35% | 19.84% | -0.44% | 18.47% |
RSNRX Victory Global Energy Transition Fund | 28.25% | 69.60% | 15.94% | -8.64% | 35.02% | 83.01% | 27.35% | -24.49% | -45.81% | 1.02% |
Correlation
The correlation between SBFCX and RSNRX is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.57 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1996 | 0.56 |
Over the past year, the correlation between SBFCX and RSNRX has dropped to 0.31 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
SBFCX vs. RSNRX — Risk / Return Rank
SBFCX
RSNRX
SBFCX vs. RSNRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Victory INCORE Investment Grade Convertible Fund Class A (SBFCX) and Victory Global Energy Transition Fund (RSNRX). 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.
| SBFCX | RSNRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.33 | ||
| Sortino ratioReturn per unit of downside risk | -2.57 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.52 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 6.30 | -5.04 |
| Martin ratioReturn relative to average drawdown | 4.28 | 17.27 | -12.99 |
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Drawdowns
SBFCX vs. RSNRX - Drawdown Comparison
The maximum SBFCX drawdown since its inception was -47.88%, smaller than the maximum RSNRX drawdown of -89.73%. Use the drawdown chart below to compare losses from any high point for SBFCX and RSNRX.
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Drawdown Indicators
| SBFCX | RSNRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.88% | -89.73% | +41.85% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -11.65% | +7.37% |
Max Drawdown (3Y)Largest decline over 3 years | -8.68% | -25.09% | +16.41% |
Max Drawdown (5Y)Largest decline over 5 years | -15.06% | -25.44% | +10.38% |
Max Drawdown (10Y)Largest decline over 10 years | -23.79% | -84.27% | +60.48% |
Current DrawdownCurrent decline from peak | -2.34% | -7.57% | +5.23% |
Average DrawdownAverage peak-to-trough decline | -6.00% | -25.82% | +19.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 4.24% | -2.99% |
Volatility
SBFCX vs. RSNRX - Volatility Comparison
The current volatility for Victory INCORE Investment Grade Convertible Fund Class A (SBFCX) is 1.53%, while Victory Global Energy Transition Fund (RSNRX) has a volatility of 4.41%. This indicates that SBFCX experiences smaller price fluctuations and is considered to be less risky than RSNRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBFCX | RSNRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 4.41% | -2.88% |
Volatility (6M)Calculated over the trailing 6-month period | 5.13% | 16.96% | -11.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.42% | 23.17% | -16.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.22% | 24.56% | -16.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.52% | 31.32% | -21.80% |
SBFCX vs. RSNRX - Expense Ratio Comparison
SBFCX has a 1.39% expense ratio, which is lower than RSNRX's 1.48% expense ratio.
Dividends
SBFCX vs. RSNRX - Dividend Comparison
SBFCX's dividend yield for the trailing twelve months is around 3.12%, less than RSNRX's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSNRX Victory Global Energy Transition Fund | 3.41% | 4.38% | 1.65% | 2.36% | 0.78% | 0.00% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SBFCX Victory INCORE Investment Grade Convertible Fund Class A | 3.12% | 4.35% | 1.87% | 2.84% | 2.19% | 9.86% | 4.88% | 4.94% | 5.66% | 3.13% | 1.38% | 2.53% |
Frequently Asked Questions
SBFCX and RSNRX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RSNRX has higher volatility (4.41%) compared to SBFCX (1.53%). In terms of maximum drawdown, SBFCX dropped -47.88% vs RSNRX's -89.73%.
RSNRX currently has the higher Sharpe Ratio (3.17 vs 0.84), 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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