VSCVX vs. ICISX

Last updated Jun 23, 2026

VSCVX (Victory Integrity Small-Cap Value Fund) and ICISX (VY Columbia Small Cap Value II Portfolio) are both Small Cap Value Equities funds. Over the past 10 years, VSCVX returned 9.93%/yr vs 10.94%/yr for ICISX. With a 0.96 correlation, they move nearly in lockstep. VSCVX charges 1.45%/yr vs 0.92%/yr for ICISX.

Performance

VSCVX vs. ICISX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victory Integrity Small-Cap Value Fund (VSCVX) and VY Columbia Small Cap Value II Portfolio (ICISX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with VSCVX having a 21.79% return and ICISX slightly lower at 21.34%. Over the past 10 years, VSCVX has underperformed ICISX with an annualized return of 9.93%, while ICISX has yielded a comparatively higher 10.94% annualized return.

VSCVX

• 1D: 1.39%
• 1M: 4.65%
• YTD: 21.79%
• 6M: 19.40%
• 1Y: 41.10%
• 3Y*: 14.18%
• 5Y*: 9.03%
• 10Y*: 9.93%

ICISX

• 1D: 1.49%
• 1M: 5.46%
• YTD: 21.34%
• 6M: 19.05%
• 1Y: 40.73%
• 3Y*: 16.90%
• 5Y*: 9.61%
• 10Y*: 10.94%

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

VSCVX vs. ICISX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VSCVX Victory Integrity Small-Cap Value Fund	21.79%	4.85%	4.32%	17.57%	-8.14%	32.74%	0.85%	22.62%	-19.13%	11.97%
ICISX VY Columbia Small Cap Value II Portfolio	21.34%	8.38%	11.15%	14.13%	-13.57%	34.53%	9.95%	20.26%	-17.54%	11.24%

Correlation

The correlation between VSCVX and ICISX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since May 4, 2006	0.96

The correlation between VSCVX and ICISX shifts across timeframes, from 0.86 (1 year) to 0.96 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VSCVX vs. ICISX — Risk / Return Rank

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

VSCVX

VSCVX Risk / Return Rank: 78
VSCVX Sharpe Ratio Rank: 77
VSCVX Sortino Ratio Rank: 78
VSCVX Omega Ratio Rank: 66
VSCVX Calmar Ratio Rank: 88
VSCVX Martin Ratio Rank: 81

ICISX

ICISX Risk / Return Rank: 87
ICISX Sharpe Ratio Rank: 88
ICISX Sortino Ratio Rank: 85
ICISX Omega Ratio Rank: 75
ICISX Calmar Ratio Rank: 93
ICISX Martin Ratio Rank: 91

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.

VSCVX vs. ICISX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory Integrity Small-Cap Value Fund (VSCVX) and VY Columbia Small Cap Value II Portfolio (ICISX). 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.

	VSCVX	ICISX	Difference
Sharpe ratio: Return per unit of total volatility	2.36	2.66	-0.30
Sortino ratio: Return per unit of downside risk	3.40	3.76	-0.36
Omega ratio: Gain probability vs. loss probability	1.41	1.45	-0.03
Calmar ratio: Return relative to maximum drawdown	4.13	4.83	-0.70
Martin ratio: Return relative to average drawdown	14.04	16.73	-2.69

VSCVX vs. ICISX - Sharpe Ratio Comparison

The current VSCVX Sharpe Ratio is 2.36, which is comparable to the ICISX Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of VSCVX and ICISX, 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

VSCVX vs. ICISX - Drawdown Comparison

The maximum VSCVX drawdown since its inception was -59.44%, roughly equal to the maximum ICISX drawdown of -59.91%. Use the drawdown chart below to compare losses from any high point for VSCVX and ICISX.

Drawdown Indicators

	VSCVX	ICISX	Difference
Max Drawdown Largest peak-to-trough decline	-59.44%	-59.91%	+0.47%
Max Drawdown (1Y) Largest decline over 1 year	-10.01%	-9.50%	-0.51%
Max Drawdown (3Y) Largest decline over 3 years	-28.51%	-28.05%	-0.46%
Max Drawdown (5Y) Largest decline over 5 years	-29.37%	-28.05%	-1.32%
Max Drawdown (10Y) Largest decline over 10 years	-52.59%	-49.01%	-3.58%
Current Drawdown Current decline from peak	-0.83%	-0.53%	-0.30%
Average Drawdown Average peak-to-trough decline	-10.29%	-10.79%	+0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	2.68%	+0.26%

Volatility

VSCVX vs. ICISX - Volatility Comparison

Victory Integrity Small-Cap Value Fund (VSCVX) and VY Columbia Small Cap Value II Portfolio (ICISX) have volatilities of 5.11% and 5.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VSCVX	ICISX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.11%	5.00%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	11.82%	11.91%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	17.49%	17.24%	+0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.21%	21.68%	+2.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.10%	23.69%	+2.41%

VSCVX vs. ICISX - Expense Ratio Comparison

VSCVX has a 1.45% expense ratio, which is higher than ICISX's 0.92% expense ratio.

Dividends

VSCVX vs. ICISX - Dividend Comparison

VSCVX's dividend yield for the trailing twelve months is around 0.57%, less than ICISX's 23.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ICISX VY Columbia Small Cap Value II Portfolio	23.03%	27.95%	11.14%	7.68%	17.24%	0.74%	4.30%	13.90%	14.67%	4.45%	4.26%	0.62%
VSCVX Victory Integrity Small-Cap Value Fund	0.57%	0.70%	18.80%	10.46%	14.07%	18.06%	0.09%	0.42%	14.93%	5.93%	0.00%	1.53%

Frequently Asked Questions

Can I hold both VSCVX and ICISX in my portfolio?

VSCVX and ICISX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VSCVX or ICISX?

VSCVX has higher volatility (5.11%) compared to ICISX (5.00%). In terms of maximum drawdown, VSCVX dropped -59.44% vs ICISX's -59.91%.

Which has better risk-adjusted returns?

ICISX currently has the higher Sharpe Ratio (2.66 vs 2.36), 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.