- ISIN
- US9032887104
- Issuer
- BlackRock
- Inception Date
- Jul 30, 2008
- Category
- Global Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
UGOFX Performance Chart
USAA Global Managed Volatility Fund (UGOFX) is up 14.0% since the beginning of the year. UGOFX is currently trading at $12 per share. Investors who bought $1,000 worth of UGOFX shares 5 years ago would now be looking at an investment worth $1,674.
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Returns By Period
USAA Global Managed Volatility Fund (UGOFX) has returned 14.02% so far this year and 25.88% over the past 12 months. Over the last ten years, UGOFX has returned 10.80% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
USAA Global Managed Volatility Fund
- 1D
- 0.74%
- 1M
- 2.69%
- YTD
- 14.02%
- 6M
- 13.70%
- 1Y
- 25.88%
- 3Y*
- 17.27%
- 5Y*
- 10.86%
- 10Y*
- 10.80%
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%
UGOFX Monthly Returns History
Based on dividend-adjusted daily data since Jul 31, 2008, UGOFX's average daily return is +0.03%, while the average monthly return is +0.63%. At this rate, an investment would double in approximately 9.2 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +10.5%, while the worst month was Mar 2020 at -12.7%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, UGOFX closed higher 51% of trading days. The best single day was Dec 16, 2021 with a return of +23.7%, while the worst single day was Dec 17, 2021 at -20.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.36% | 1.36% | -4.46% | 7.75% | 4.59% | 1.08% | 14.02% | ||||||
| 2025 | 2.81% | 0.00% | -2.56% | 1.18% | 4.30% | 3.35% | -0.58% | 2.42% | 2.85% | 0.56% | 0.71% | 0.72% | 16.72% |
| 2024 | 0.70% | 3.46% | 2.29% | -3.83% | 4.27% | 2.42% | 1.82% | 3.21% | 1.38% | -2.47% | 3.06% | -3.30% | 13.34% |
| 2023 | 5.62% | -2.99% | 4.34% | 1.42% | -2.27% | 5.86% | 2.30% | -2.24% | -3.76% | -1.41% | 7.92% | 4.30% | 19.81% |
| 2022 | -4.37% | -3.81% | 1.19% | -6.46% | 0.84% | -7.16% | 6.26% | -4.63% | -8.27% | 6.97% | 8.65% | -4.26% | -15.68% |
| 2021 | -0.79% | 1.60% | 3.50% | 4.22% | 2.11% | 1.67% | 1.72% | 2.00% | -4.74% | 5.06% | -1.58% | 5.11% | 21.22% |
Benchmark Metrics
USAA Global Managed Volatility Fund has an annualized alpha of 0.04%, beta of 0.68, and R2 of 0.68 versus S&P 500 Index. Calculated based on daily prices since July 31, 2008.
- This fund participated in 81.45% of S&P 500 Index downside but only 69.97% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.68 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
- 0.04%
- Beta
- 0.68
- R²
- 0.68
- Upside Capture
- 69.97%
- Downside Capture
- 81.45%
Expense Ratio
UGOFX has an expense ratio of 0.70%, placing it in the medium range.
Return for Risk
Risk / Return Rank
UGOFX ranks 65 for risk / return — better than 65% 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 Global Managed Volatility Fund (UGOFX) 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.
| UGOFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 2.78 | +0.42 |
| Martin ratioReturn relative to average drawdown | 13.46 | 12.44 | +1.02 |
Dividends
Dividend History
USAA Global Managed Volatility Fund provided a 17.75% dividend yield over the last twelve months, with an annual payout of $2.17 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.17 | $2.17 | $0.38 | $0.18 | $0.73 | $2.74 | $0.47 | $0.46 | $0.42 | $0.22 | $0.13 | $0.09 |
Dividend yield | 17.75% | 20.24% | 3.46% | 1.77% | 8.60% | 24.98% | 4.13% | 4.16% | 4.48% | 1.99% | 1.44% | 1.05% |
Monthly Dividends
The table displays the monthly dividend distributions for USAA Global Managed Volatility 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.17 | $2.17 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.38 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.73 | $0.73 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.74 | $2.74 |
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 Global Managed Volatility 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 Global Managed Volatility Fund was 38.00%, occurring on Sep 30, 2022. Recovery took 670 trading sessions.
The current USAA Global Managed Volatility Fund drawdown is 0.49%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -38.00%Sep 2022 | 9mo 17d | 2y 8mo | 3y 5moDec 2021 - Jun 2025 |
COVID crash2020 | -32.57%Mar 2020 | 2mo 2d | 7mo 28d | 10moJan 2020 - Nov 2020 |
Financial crisis2007–2009 | -30.23%Mar 2009 | 6mo 29d | 8mo 12d | 1y 3moAug 2008 - Nov 2009 |
2016 correction2016 | -18.76%Feb 2016 | 8mo 29d | 1y | 1y 8moMay 2015 - Feb 2017 |
Rate-hike selloffLate 2018 | -17.72%Dec 2018 | 10mo 29d | 10mo 8d | 1y 9moJan 2018 - Oct 2019 |
Drawdown Indicators
| UGOFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.00% | -56.78% | +18.78% |
Max Drawdown (1Y)Largest decline over 1 year | -7.95% | -9.10% | +1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -14.22% | -18.90% | +4.68% |
Max Drawdown (5Y)Largest decline over 5 years | -38.00% | -25.43% | -12.57% |
Max Drawdown (10Y)Largest decline over 10 years | -38.00% | -33.92% | -4.08% |
Current DrawdownCurrent decline from peak | -0.49% | -1.80% | +1.31% |
Average DrawdownAverage peak-to-trough decline | -7.36% | -10.71% | +3.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 2.03% | -0.14% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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