VCRDX vs. CBYYX

Last updated Jul 11, 2026

VCRDX (Harrison Street Infrastructure Income Fund) and CBYYX (Victory Pioneer Cat Bond Fund Class Y) are both Nontraditional Bonds funds. Both are actively managed. At a correlation of -0.17, they often move in opposite directions. VCRDX charges 3.55%/yr vs 1.46%/yr for CBYYX.

Performance

VCRDX vs. CBYYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harrison Street Infrastructure Income Fund (VCRDX) and Victory Pioneer Cat Bond Fund Class Y (CBYYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VCRDX

• 1D: 0.10%
• 1M: 0.60%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CBYYX

• 1D: 0.00%
• 1M: 0.98%
• 6M: 3.45%
• YTD: 3.55%
• 1Y: 10.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VCRDX vs. CBYYX - Yearly Performance Comparison

	2026 (YTD)
VCRDX Harrison Street Infrastructure Income Fund	3.52%
CBYYX Victory Pioneer Cat Bond Fund Class Y	2.43%

Correlation

The correlation between VCRDX and CBYYX is -0.17, 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 (All Time) Calculated using the full available price history since Mar 16, 2026	-0.17

Return for Risk

VCRDX vs. CBYYX — Risk / Return Rank

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

VCRDX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CBYYX

CBYYX Risk / Return Rank: 100
CBYYX Sharpe Ratio Rank: 100
CBYYX Sortino Ratio Rank: 100
CBYYX Omega Ratio Rank: 100
CBYYX Calmar Ratio Rank: 100
CBYYX Martin Ratio Rank: 100

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.

VCRDX vs. CBYYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harrison Street Infrastructure Income Fund (VCRDX) 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.

	VCRDX	CBYYX	Difference
Sharpe ratio: Return per unit of total volatility	—	8.94	—
Sortino ratio: Return per unit of downside risk	—	30.76	—
Omega ratio: Gain probability vs. loss probability	—	9.21	—
Calmar ratio: Return relative to maximum drawdown	—	119.74	—
Martin ratio: Return relative to average drawdown	—	432.11	—

Drawdowns

VCRDX vs. CBYYX - Drawdown Comparison

The maximum VCRDX drawdown since its inception was -0.19%, smaller than the maximum CBYYX drawdown of -8.72%. Use the drawdown chart below to compare losses from any high point for VCRDX and CBYYX.

Drawdown Indicators

	VCRDX	CBYYX	Difference
Max Drawdown Largest peak-to-trough decline	-0.19%	-8.72%	+8.53%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.09%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.01%	-1.26%	+1.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.03%	—

Volatility

Volatility by Period

	VCRDX	CBYYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.66%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.69%	1.22%	+0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.69%	8.07%	-6.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.69%	8.07%	-6.38%

VCRDX vs. CBYYX - Expense Ratio Comparison

VCRDX has a 3.55% expense ratio, which is higher than CBYYX's 1.46% expense ratio.

Dividends

VCRDX vs. CBYYX - Dividend Comparison

VCRDX's dividend yield for the trailing twelve months is around 2.76%, less than CBYYX's 8.82% yield.

Position	TTM	2025	2024	2023
CBYYX Victory Pioneer Cat Bond Fund Class Y	8.82%	9.14%	10.33%	9.41%
VCRDX Harrison Street Infrastructure Income Fund	2.76%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VCRDX and CBYYX in my portfolio?

VCRDX and CBYYX have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.