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USAA Income Fund (USAIX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISINUS9032882071
CUSIP903288207
IssuerVictory Capital
Inception DateMar 4, 1974
CategoryIntermediate Core-Plus Bond
Min. Investment$3,000
Asset ClassBond

Expense Ratio

USAIX features an expense ratio of 0.44%, falling within the medium range.


Expense ratio chart for USAIX: current value at 0.44% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.44%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons: USAIX vs. USHYX, USAIX vs. VBTLX

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in USAA Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
3.62%
14.05%
USAIX (USAA Income Fund)
Benchmark (^GSPC)

Returns By Period

USAA Income Fund had a return of 3.50% year-to-date (YTD) and 10.26% in the last 12 months. Over the past 10 years, USAA Income Fund had an annualized return of 1.96%, while the S&P 500 had an annualized return of 11.39%, indicating that USAA Income Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date3.50%25.45%
1 month-1.06%2.91%
6 months3.61%14.05%
1 year10.26%35.64%
5 years (annualized)0.17%14.13%
10 years (annualized)1.96%11.39%

Monthly Returns

The table below presents the monthly returns of USAIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20240.27%-0.93%1.10%-2.03%1.65%0.84%2.16%1.43%1.38%-2.06%3.50%
20233.63%-2.23%1.63%0.83%-1.16%0.03%0.40%-0.43%-2.56%-1.36%4.61%3.85%7.14%
2022-2.07%-1.38%-2.75%-3.74%0.11%-2.20%2.24%-2.31%-3.98%-1.09%3.53%-0.38%-13.38%
2021-0.13%-1.22%-0.91%1.00%0.53%1.05%1.11%-0.16%-0.73%-0.09%0.24%-2.27%-1.62%
20202.19%1.36%-6.84%3.55%1.50%2.01%2.21%-0.08%-0.05%-0.22%1.90%-0.86%6.45%
20191.61%0.35%2.09%0.43%1.53%1.56%0.29%2.47%-0.46%0.43%0.04%-0.07%10.70%
2018-0.98%-1.06%0.41%-0.68%0.53%-0.20%0.25%0.69%-0.53%-0.86%0.13%0.90%-1.41%
20170.53%1.03%-0.01%0.86%1.03%0.14%0.67%0.89%-0.42%0.34%-0.09%0.36%5.46%
20160.60%0.52%1.89%1.36%0.20%2.21%1.31%0.30%0.07%-0.72%-2.50%0.54%5.85%
20151.85%-0.49%0.28%-0.23%-0.18%-1.33%0.39%-0.67%0.28%0.37%-0.42%-0.92%-1.11%
20141.53%0.76%0.07%1.00%1.12%0.32%-0.22%0.96%-0.71%0.74%0.41%-0.23%5.87%
20130.01%0.73%0.29%1.24%-1.44%-2.18%0.46%-0.62%0.85%1.08%-0.11%-0.47%-0.22%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of USAIX is 35, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.


The Risk-Adjusted Performance Rank of USAIX is 3535
Combined Rank
The Sharpe Ratio Rank of USAIX is 4040Sharpe Ratio Rank
The Sortino Ratio Rank of USAIX is 4444Sortino Ratio Rank
The Omega Ratio Rank of USAIX is 3838Omega Ratio Rank
The Calmar Ratio Rank of USAIX is 2020Calmar Ratio Rank
The Martin Ratio Rank of USAIX is 3434Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for USAA Income Fund (USAIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


USAIX
Sharpe ratio
The chart of Sharpe ratio for USAIX, currently valued at 1.98, compared to the broader market0.002.004.001.98
Sortino ratio
The chart of Sortino ratio for USAIX, currently valued at 2.97, compared to the broader market0.005.0010.002.97
Omega ratio
The chart of Omega ratio for USAIX, currently valued at 1.36, compared to the broader market1.002.003.004.001.37
Calmar ratio
The chart of Calmar ratio for USAIX, currently valued at 0.65, compared to the broader market0.005.0010.0015.0020.000.65
Martin ratio
The chart of Martin ratio for USAIX, currently valued at 8.74, compared to the broader market0.0020.0040.0060.0080.00100.008.74
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.90, compared to the broader market0.002.004.002.90
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.87, compared to the broader market0.005.0010.003.87
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.54, compared to the broader market1.002.003.004.001.54
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 4.19, compared to the broader market0.005.0010.0015.0020.004.19
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 18.72, compared to the broader market0.0020.0040.0060.0080.00100.0018.72

Sharpe Ratio

The current USAA Income Fund Sharpe ratio is 1.98. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of USAA Income Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
1.98
2.90
USAIX (USAA Income Fund)
Benchmark (^GSPC)

Dividends

Dividend History

USAA Income Fund provided a 4.01% dividend yield over the last twelve months, with an annual payout of $0.46 per share. The fund has been increasing its distributions for 2 consecutive years.


2.80%3.00%3.20%3.40%3.60%3.80%$0.00$0.10$0.20$0.30$0.40$0.5020132014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.46$0.42$0.39$0.37$0.40$0.45$0.43$0.44$0.45$0.46$0.49$0.50

Dividend yield

4.01%3.70%3.48%2.80%2.91%3.32%3.46%3.32%3.52%3.65%3.73%3.88%

Monthly Dividends

The table displays the monthly dividend distributions for USAA Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.01$0.03$0.05$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.00$0.35
2023$0.00$0.03$0.03$0.03$0.04$0.03$0.04$0.03$0.04$0.04$0.04$0.07$0.42
2022$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.02$0.04$0.03$0.06$0.39
2021$0.01$0.03$0.04$0.04$0.03$0.03$0.03$0.03$0.03$0.04$0.03$0.03$0.37
2020$0.01$0.04$0.02$0.04$0.03$0.04$0.03$0.04$0.03$0.04$0.03$0.05$0.40
2019$0.03$0.03$0.04$0.04$0.04$0.04$0.04$0.03$0.04$0.04$0.04$0.06$0.45
2018$0.03$0.03$0.03$0.03$0.04$0.04$0.03$0.04$0.03$0.04$0.04$0.05$0.43
2017$0.03$0.03$0.04$0.03$0.03$0.04$0.03$0.04$0.03$0.04$0.04$0.06$0.44
2016$0.03$0.04$0.04$0.04$0.04$0.04$0.03$0.04$0.04$0.03$0.04$0.06$0.45
2015$0.02$0.03$0.04$0.04$0.04$0.03$0.04$0.03$0.05$0.04$0.04$0.06$0.46
2014$0.03$0.04$0.04$0.04$0.04$0.03$0.04$0.04$0.04$0.04$0.03$0.09$0.49
2013$0.01$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.10$0.50

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.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-7.09%
-0.29%
USAIX (USAA Income Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the USAA Income 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 Income Fund was 19.74%, occurring on Oct 21, 2022. The portfolio has not yet recovered.

The current USAA Income Fund drawdown is 7.09%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-19.74%Aug 5, 2021307Oct 21, 2022
-12.24%May 21, 2008130Nov 24, 2008137Jun 12, 2009267
-10.21%Mar 9, 202012Mar 24, 202082Jul 21, 202094
-9.43%Oct 18, 1993148May 11, 1994235Apr 5, 1995383
-8.79%Mar 27, 1987147Oct 19, 198772Jan 27, 1988219

Volatility

Volatility Chart

The current USAA Income Fund volatility is 1.53%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
1.53%
3.86%
USAIX (USAA Income Fund)
Benchmark (^GSPC)