UNAVX vs. SO

Last updated Jul 18, 2026

UNAVX (USA Mutuals All Seasons Fund) is Tactical Allocation fund managed by USA Mutuals, while SO (The Southern Company) is a stock. Over the past 5 years, UNAVX returned 6.00%/yr vs 12.91%/yr for SO. At a 0.16 correlation, their price movements are largely independent.

Performance

UNAVX vs. SO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USA Mutuals All Seasons Fund (UNAVX) and The Southern Company (SO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UNAVX achieves a -3.73% return, which is significantly lower than SO's 12.21% return.

UNAVX

• 1D: -0.08%
• 1M: -2.01%
• 6M: -3.80%
• YTD: -3.73%
• 1Y: -2.69%
• 3Y*: 1.27%
• 5Y*: 6.00%
• 10Y*: —

SO

• 1D: -0.80%
• 1M: 3.61%
• 6M: 10.07%
• YTD: 12.21%
• 1Y: 6.54%
• 3Y*: 15.70%
• 5Y*: 12.91%
• 10Y*: 10.51%

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

UNAVX vs. SO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UNAVX USA Mutuals All Seasons Fund	-3.73%	1.91%	6.76%	3.44%	6.91%	11.74%	-8.36%	25.57%	-4.91%	4.62%
SO The Southern Company	12.21%	9.47%	21.72%	2.21%	8.24%	16.34%	0.63%	51.65%	-3.75%	-7.14%

Correlation

The correlation between UNAVX and SO is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.16
Correlation (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (All Time) Calculated using the full available price history since Oct 25, 2017	0.16

The correlation between UNAVX and SO shifts across timeframes, from -0.16 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.

Return for Risk

UNAVX vs. SO — Risk / Return Rank

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

UNAVX

UNAVX Risk / Return Rank: 1
UNAVX Sharpe Ratio Rank: 1
UNAVX Sortino Ratio Rank: 1
UNAVX Omega Ratio Rank: 1
UNAVX Calmar Ratio Rank: 1
UNAVX Martin Ratio Rank: 1

SO

SO Risk / Return Rank: 54
SO Sharpe Ratio Rank: 59
SO Sortino Ratio Rank: 51
SO Omega Ratio Rank: 49
SO Calmar Ratio Rank: 56
SO Martin Ratio Rank: 56

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.

UNAVX vs. SO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USA Mutuals All Seasons Fund (UNAVX) and The Southern Company (SO). 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.

	UNAVX	SO	Difference
Sharpe ratio: Return per unit of total volatility	-0.53	0.39	-0.92
Sortino ratio: Return per unit of downside risk	-0.67	0.68	-1.36
Omega ratio: Gain probability vs. loss probability	0.89	1.08	-0.19
Calmar ratio: Return relative to maximum drawdown	-0.33	0.44	-0.77
Martin ratio: Return relative to average drawdown	-0.64	1.02	-1.65

UNAVX vs. SO - Sharpe Ratio Comparison

The current UNAVX Sharpe Ratio is -0.53, which is lower than the SO Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of UNAVX and SO, 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

UNAVX vs. SO - Drawdown Comparison

The maximum UNAVX drawdown since its inception was -30.05%, smaller than the maximum SO drawdown of -38.43%. Use the drawdown chart below to compare losses from any high point for UNAVX and SO.

Drawdown Indicators

	UNAVX	SO	Difference
Max Drawdown Largest peak-to-trough decline	-30.05%	-38.43%	+8.38%
Max Drawdown (1Y) Largest decline over 1 year	-8.10%	-14.99%	+6.89%
Max Drawdown (3Y) Largest decline over 3 years	-8.10%	-14.99%	+6.89%
Max Drawdown (5Y) Largest decline over 5 years	-8.10%	-23.28%	+15.18%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.43%	—
Current Drawdown Current decline from peak	-6.80%	-2.47%	-4.33%
Average Drawdown Average peak-to-trough decline	-4.76%	-6.86%	+2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.24%	6.44%	-2.20%

Volatility

UNAVX vs. SO - Volatility Comparison

The current volatility for USA Mutuals All Seasons Fund (UNAVX) is 1.43%, while The Southern Company (SO) has a volatility of 5.94%. This indicates that UNAVX experiences smaller price fluctuations and is considered to be less risky than SO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UNAVX	SO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.43%	5.94%	-4.51%
Volatility (6M) Calculated over the trailing 6-month period	4.29%	13.64%	-9.35%
Volatility (1Y) Calculated over the trailing 1-year period	5.11%	16.82%	-11.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.70%	18.70%	-11.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.74%	21.99%	-9.25%

Dividends

UNAVX vs. SO - Dividend Comparison

UNAVX's dividend yield for the trailing twelve months is around 2.62%, less than SO's 4.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SO The Southern Company	4.16%	3.37%	3.47%	3.96%	3.78%	3.82%	4.13%	3.86%	5.42%	4.78%	4.52%	4.60%
UNAVX USA Mutuals All Seasons Fund	2.62%	2.52%	2.88%	1.62%	0.00%	0.00%	0.00%	5.70%	0.85%	0.61%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UNAVX and SO in my portfolio?

UNAVX and SO have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UNAVX or SO?

SO has higher volatility (5.94%) compared to UNAVX (1.43%). In terms of maximum drawdown, UNAVX dropped -30.05% vs SO's -38.43%.

Which has better risk-adjusted returns?

SO currently has the higher Sharpe Ratio (0.39 vs -0.53), 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.