TUIFX vs. CBYYX
TUIFX (Toews Unconstrained Income Fund) and CBYYX (Victory Pioneer Cat Bond Fund Class Y) are both Nontraditional Bonds funds. Over the past year, TUIFX returned 2.98% vs 11.04% for CBYYX. At a correlation of -0.05, they often move in opposite directions. TUIFX charges 1.25%/yr vs 1.46%/yr for CBYYX.
Performance
TUIFX vs. CBYYX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TUIFX achieves a 0.49% return, which is significantly lower than CBYYX's 2.82% return.
TUIFX
- 1D
- -0.11%
- 1M
- 0.23%
- YTD
- 0.49%
- 6M
- 0.60%
- 1Y
- 2.98%
- 3Y*
- 4.11%
- 5Y*
- 1.26%
- 10Y*
- 1.87%
CBYYX
- 1D
- 0.09%
- 1M
- 0.80%
- YTD
- 2.82%
- 6M
- 3.01%
- 1Y
- 11.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TUIFX vs. CBYYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TUIFX Toews Unconstrained Income Fund | 0.49% | 3.55% | 4.53% | 3.27% |
CBYYX Victory Pioneer Cat Bond Fund Class Y | 2.82% | 11.09% | 15.69% | 3.43% |
Correlation
The correlation between TUIFX and CBYYX is -0.01, 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 | -0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2023 | -0.05 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TUIFX vs. CBYYX — Risk / Return Rank
TUIFX
CBYYX
TUIFX vs. CBYYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Toews Unconstrained Income Fund (TUIFX) 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.
| TUIFX | CBYYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.71 | ||
| Sortino ratioReturn per unit of downside risk | -29.36 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 9.43 | -8.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 123.18 | -119.61 |
| Martin ratioReturn relative to average drawdown | 8.04 | 444.54 | -436.50 |
Loading charts...
Drawdowns
TUIFX vs. CBYYX - Drawdown Comparison
The maximum TUIFX drawdown since its inception was -7.37%, smaller than the maximum CBYYX drawdown of -8.72%. Use the drawdown chart below to compare losses from any high point for TUIFX and CBYYX.
Loading charts...
Drawdown Indicators
| TUIFX | CBYYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.37% | -8.72% | +1.35% |
Max Drawdown (1Y)Largest decline over 1 year | -0.87% | -0.09% | -0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -1.64% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -7.37% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -7.37% | — | — |
Current DrawdownCurrent decline from peak | -0.37% | 0.00% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -1.28% | -0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 0.03% | +0.36% |
Volatility
TUIFX vs. CBYYX - Volatility Comparison
Toews Unconstrained Income Fund (TUIFX) has a higher volatility of 0.74% compared to Victory Pioneer Cat Bond Fund Class Y (CBYYX) at 0.21%. This indicates that TUIFX'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.
Loading charts...
Volatility by Period
| TUIFX | CBYYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.21% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 1.42% | 0.62% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.13% | 1.22% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.63% | 8.14% | -5.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.69% | 8.14% | -5.45% |
TUIFX vs. CBYYX - Expense Ratio Comparison
TUIFX has a 1.25% expense ratio, which is lower than CBYYX's 1.46% expense ratio.
Dividends
TUIFX vs. CBYYX - Dividend Comparison
TUIFX's dividend yield for the trailing twelve months is around 3.97%, less than CBYYX's 8.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBYYX Victory Pioneer Cat Bond Fund Class Y | 8.89% | 9.14% | 10.33% | 9.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TUIFX Toews Unconstrained Income Fund | 3.97% | 4.17% | 4.68% | 4.09% | 1.05% | 2.13% | 1.33% | 2.44% | 2.05% | 4.34% | 2.29% | 1.19% |
Frequently Asked Questions
TUIFX and CBYYX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TUIFX has higher volatility (0.74%) compared to CBYYX (0.21%). In terms of maximum drawdown, TUIFX dropped -7.37% vs CBYYX's -8.72%.
CBYYX currently has the higher Sharpe Ratio (9.18 vs 1.46), 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.
Find the right allocation for TUIFX and CBYYX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer