- ISIN
- US9032882980
- CUSIP
- 903288298
- Issuer
- Victory
- Inception Date
- Jun 7, 2012
- Category
- Diversified Portfolio
- Min. Investment
- $500
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
UCMCX Performance Chart
USAA Cornerstone Moderately Conservative Fund (UCMCX) is up 7.5% since the beginning of the year. UCMCX is currently trading at $13 per share. Investors who bought $1,000 worth of UCMCX shares 5 years ago would now be looking at an investment worth $1,244.
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Returns By Period
USAA Cornerstone Moderately Conservative Fund (UCMCX) has returned 7.45% so far this year and 17.02% over the past 12 months. Over the last ten years, UCMCX has returned 5.45% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
USAA Cornerstone Moderately Conservative Fund
- 1D
- 0.55%
- 1M
- 1.72%
- YTD
- 7.45%
- 6M
- 7.27%
- 1Y
- 17.02%
- 3Y*
- 9.70%
- 5Y*
- 4.46%
- 10Y*
- 5.45%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
UCMCX Monthly Returns History
Based on dividend-adjusted daily data since Jun 13, 2012, UCMCX's average daily return is +0.02%, while the average monthly return is +0.45%. At this rate, an investment would double in approximately 12.9 years.
Historically, 70% of months were positive and 30% were negative. The best month was Nov 2023 with a return of +5.8%, while the worst month was Mar 2020 at -7.5%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.
On a daily basis, UCMCX closed higher 50% of trading days. The best single day was Dec 16, 2021 with a return of +5.2%, while the worst single day was Dec 17, 2021 at -5.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.10% | 2.14% | -3.63% | 3.85% | 2.42% | 0.52% | 7.45% | ||||||
| 2025 | 1.67% | 1.37% | -1.44% | 0.46% | 1.81% | 2.61% | -0.00% | 2.18% | 2.18% | 1.09% | 0.83% | 0.27% | 13.75% |
| 2024 | -0.28% | 0.66% | 2.06% | -2.88% | 2.67% | 0.55% | 2.51% | 1.36% | 1.41% | -2.58% | 1.28% | -2.48% | 4.15% |
| 2023 | 4.73% | -2.69% | 1.94% | 0.97% | -1.93% | 2.17% | 1.55% | -1.91% | -3.03% | -2.12% | 5.77% | 3.91% | 9.23% |
| 2022 | -2.44% | -1.67% | -0.94% | -4.55% | 0.90% | -4.77% | 3.47% | -3.26% | -6.08% | 2.40% | 5.47% | -1.89% | -13.17% |
| 2021 | -0.25% | 0.57% | 0.81% | 2.02% | 1.11% | 0.69% | 0.70% | 0.70% | -2.14% | 1.90% | -1.01% | 1.95% | 7.21% |
Benchmark Metrics
USAA Cornerstone Moderately Conservative Fund has an annualized alpha of 0.58%, beta of 0.35, and R2 of 0.67 versus S&P 500 Index. Calculated based on daily prices since June 13, 2012.
- This fund participated in 50.91% of S&P 500 Index downside but only 39.17% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.35 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.58%
- Beta
- 0.35
- R²
- 0.67
- Upside Capture
- 39.17%
- Downside Capture
- 50.91%
Expense Ratio
UCMCX has an expense ratio of 0.90%, placing it in the medium range.
Return for Risk
Risk / Return Rank
UCMCX ranks 76 for risk / return — better than 76% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for USAA Cornerstone Moderately Conservative Fund (UCMCX) and compare them to S&P 500 Index.
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.
| UCMCX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 2.78 | +0.47 |
| Martin ratioReturn relative to average drawdown | 13.71 | 12.44 | +1.28 |
Dividends
Dividend History
USAA Cornerstone Moderately Conservative Fund provided a 3.24% dividend yield over the last twelve months, with an annual payout of $0.41 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.38 | $0.22 | $0.26 | $0.76 | $0.81 | $0.21 | $0.27 | $0.43 | $0.50 | $0.26 | $0.35 |
Dividend yield | 3.24% | 3.16% | 2.03% | 2.42% | 7.62% | 6.62% | 1.68% | 2.31% | 4.13% | 4.37% | 2.39% | 3.31% |
Monthly Dividends
The table displays the monthly dividend distributions for USAA Cornerstone Moderately Conservative Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.08 | $0.10 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.24 | $0.38 |
| 2024 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.03 | $0.22 |
| 2023 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.26 |
| 2022 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.67 | $0.76 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.72 | $0.81 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the USAA Cornerstone Moderately Conservative Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the USAA Cornerstone Moderately Conservative Fund was 21.85%, occurring on Oct 14, 2022. Recovery took 675 trading sessions.
The current USAA Cornerstone Moderately Conservative Fund drawdown is 0.24%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -21.85%Oct 2022 | 10mo 1d | 2y 8mo | 3y 6moDec 2021 - Jun 2025 |
COVID crash2020 | -16.35%Mar 2020 | 1mo 2d | 4mo 1d | 5mo 3dFeb 2020 - Jul 2020 |
2016 correction2016 | -10.57%Jan 2016 | 8mo 27d | 7mo 20d | 1y 4moApr 2015 - Sep 2016 |
Rate-hike selloffLate 2018 | -9.22%Dec 2018 | 10mo 29d | 5mo 28d | 1y 4moJan 2018 - Jun 2019 |
2026 pullback2026 | -5.16%Mar 2026 | 28d | 21d | 1mo 19dFeb 2026 - Apr 2026 |
Drawdown Indicators
| UCMCX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.85% | -56.78% | +34.93% |
Max Drawdown (1Y)Largest decline over 1 year | -5.16% | -9.10% | +3.94% |
Max Drawdown (3Y)Largest decline over 3 years | -7.77% | -18.90% | +11.13% |
Max Drawdown (5Y)Largest decline over 5 years | -21.85% | -25.43% | +3.58% |
Max Drawdown (10Y)Largest decline over 10 years | -21.85% | -33.92% | +12.07% |
Current DrawdownCurrent decline from peak | -0.24% | -1.80% | +1.56% |
Average DrawdownAverage peak-to-trough decline | -3.85% | -10.71% | +6.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 2.03% | -0.81% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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