VSCAX vs. MMEYX
VSCAX (Invesco Small Cap Value Fund) and MMEYX (Victory Integrity Discovery Fund) are both Small Cap Value Equities funds. Over the past 10 years, VSCAX returned 16.94%/yr vs 12.52%/yr for MMEYX. Their correlation of 0.87 means they have usually moved in the same direction. VSCAX charges 1.12%/yr vs 1.38%/yr for MMEYX.
Performance
VSCAX vs. MMEYX - Performance Comparison
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Returns By Period
In the year-to-date period, VSCAX achieves a 25.52% return, which is significantly lower than MMEYX's 37.97% return. Over the past 10 years, VSCAX has outperformed MMEYX with an annualized return of 16.94%, while MMEYX has yielded a comparatively lower 12.52% annualized return.
VSCAX
- 1D
- 2.12%
- 1M
- -1.58%
- 6M
- 11.43%
- YTD
- 25.52%
- 1Y
- 45.51%
- 3Y*
- 25.63%
- 5Y*
- 20.83%
- 10Y*
- 16.94%
- ALL TIME*
- 12.49%
MMEYX
- 1D
- 2.06%
- 1M
- 2.40%
- 6M
- 24.54%
- YTD
- 37.97%
- 1Y
- 57.53%
- 3Y*
- 23.31%
- 5Y*
- 13.60%
- 10Y*
- 12.52%
- ALL TIME*
- 12.14%
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 |
VSCAX vs. MMEYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VSCAX Invesco Small Cap Value Fund | 25.52% | 17.70% | 24.54% | 22.84% | 4.31% | 36.34% | 10.81% | 32.02% | -25.64% | 18.17% |
MMEYX Victory Integrity Discovery Fund | 37.97% | 14.25% | 11.36% | 14.83% | -12.01% | 37.20% | -1.34% | 21.60% | -16.10% | 11.07% |
Correlation
The correlation between VSCAX and MMEYX is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 1999 | 0.87 |
The correlation between VSCAX and MMEYX shifts across timeframes, from 0.72 (1 year) to 0.88 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
VSCAX vs. MMEYX — Risk / Return Rank
VSCAX
MMEYX
VSCAX vs. MMEYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Small Cap Value Fund (VSCAX) and Victory Integrity Discovery Fund (MMEYX). 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.
| VSCAX | MMEYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.52 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.98 | 7.40 | -3.43 |
| Martin ratioReturn relative to average drawdown | 12.33 | 23.93 | -11.60 |
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Drawdowns
VSCAX vs. MMEYX - Drawdown Comparison
The maximum VSCAX drawdown since its inception was -57.77%, smaller than the maximum MMEYX drawdown of -69.05%. Use the drawdown chart below to compare losses from any high point for VSCAX and MMEYX.
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Drawdown Indicators
| VSCAX | MMEYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.77% | -69.05% | +11.28% |
Max Drawdown (1Y)Largest decline over 1 year | -12.11% | -8.19% | -3.92% |
Max Drawdown (3Y)Largest decline over 3 years | -25.29% | -25.23% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -25.29% | -26.82% | +1.53% |
Max Drawdown (10Y)Largest decline over 10 years | -57.77% | -54.35% | -3.42% |
Current DrawdownCurrent decline from peak | -6.81% | 0.00% | -6.81% |
Average DrawdownAverage peak-to-trough decline | -8.87% | -15.49% | +6.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.90% | 2.53% | +1.37% |
Volatility
VSCAX vs. MMEYX - Volatility Comparison
Invesco Small Cap Value Fund (VSCAX) has a higher volatility of 7.64% compared to Victory Integrity Discovery Fund (MMEYX) at 4.33%. This indicates that VSCAX's price experiences larger fluctuations and is considered to be riskier than MMEYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VSCAX | MMEYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.64% | 4.33% | +3.31% |
Volatility (6M)Calculated over the trailing 6-month period | 18.57% | 13.46% | +5.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.31% | 19.32% | +3.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.45% | 22.22% | +1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.74% | 25.38% | +1.36% |
VSCAX vs. MMEYX - Expense Ratio Comparison
VSCAX has a 1.12% expense ratio, which is lower than MMEYX's 1.38% expense ratio.
Dividends
VSCAX vs. MMEYX - Dividend Comparison
VSCAX's dividend yield for the trailing twelve months is around 7.34%, more than MMEYX's 7.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMEYX Victory Integrity Discovery Fund | 7.02% | 9.68% | 8.36% | 1.33% | 8.53% | 4.34% | 0.00% | 2.17% | 14.87% | 10.31% | 3.73% | 7.64% |
VSCAX Invesco Small Cap Value Fund | 7.34% | 9.22% | 7.90% | 4.93% | 10.12% | 16.90% | 0.30% | 2.53% | 28.45% | 16.65% | 1.71% | 11.08% |
Frequently Asked Questions
VSCAX and MMEYX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VSCAX has higher volatility (7.64%) compared to MMEYX (4.33%). In terms of maximum drawdown, VSCAX dropped -57.77% vs MMEYX's -69.05%.
MMEYX currently has the higher Sharpe Ratio (3.14 vs 2.07), 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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