USAA Income Fund (USAIX)
The fund invests its assets primarily in U.S. dollar-denominated fixed-income securities that have been selected for their high yields relative to the risk involved. It will invest primarily in investment-grade securities but also may invest up to 10% of its net assets in below-investment-grade securities, which are sometimes referred as high-yield or "junk" bonds.
Fund Info
US9032882071
903288207
Mar 4, 1974
$3,000
Expense Ratio
USAIX has an expense ratio of 0.44%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
USAA Income Fund (USAIX) returned 2.02% year-to-date (YTD) and 6.15% over the past 12 months. Over the past 10 years, USAIX returned 2.48% annually, underperforming the S&P 500 benchmark at 10.84%.
USAIX
2.02%
-0.64%
0.77%
6.15%
2.45%
0.93%
2.48%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.64% | 2.16% | -0.22% | 0.00% | -0.55% | 2.02% | |||||||
| 2024 | 0.27% | -0.93% | 1.10% | -2.03% | 1.65% | 0.84% | 2.16% | 1.42% | 1.38% | -2.06% | 1.25% | -1.65% | 3.33% |
| 2023 | 3.63% | -2.23% | 1.63% | 0.83% | -1.17% | 0.04% | 0.40% | -0.43% | -2.56% | -1.37% | 4.61% | 3.85% | 7.13% |
| 2022 | -2.07% | -1.38% | -2.76% | -3.74% | 0.12% | -2.19% | 2.25% | -2.30% | -3.98% | -1.09% | 3.53% | -0.38% | -13.38% |
| 2021 | -0.13% | -1.22% | -0.91% | 1.01% | 0.53% | 1.05% | 1.11% | -0.16% | -0.73% | -0.09% | 0.24% | -0.27% | 0.39% |
| 2020 | 2.19% | 1.36% | -6.84% | 3.55% | 1.50% | 2.02% | 2.21% | -0.08% | -0.05% | -0.22% | 1.90% | 0.76% | 8.18% |
| 2019 | 1.61% | 0.35% | 2.09% | 0.42% | 1.53% | 1.57% | 0.29% | 2.47% | -0.46% | 0.42% | 0.04% | 0.26% | 11.07% |
| 2018 | -0.98% | -1.06% | 0.42% | -0.68% | 0.53% | -0.20% | 0.25% | 0.70% | -0.52% | -0.87% | 0.13% | 0.94% | -1.37% |
| 2017 | 0.53% | 1.03% | -0.01% | 0.87% | 1.02% | 0.14% | 0.67% | 0.90% | -0.42% | 0.34% | -0.09% | 0.54% | 5.66% |
| 2016 | 0.60% | 0.52% | 1.89% | 1.36% | 0.20% | 2.21% | 1.31% | 0.30% | 0.07% | -0.72% | -2.50% | 0.54% | 5.85% |
| 2015 | 1.85% | -0.49% | 0.28% | -0.23% | -0.18% | -1.34% | 0.39% | -0.67% | 0.28% | 0.37% | -0.42% | -0.92% | -1.11% |
| 2014 | 1.53% | 0.75% | 0.07% | 1.00% | 1.12% | 0.32% | -0.22% | 0.95% | -0.71% | 0.74% | 0.40% | -0.19% | 5.89% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of USAIX is 73, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
USAA Income Fund provided a 3.88% dividend yield over the last twelve months, with an annual payout of $0.44 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.44 | $0.46 | $0.42 | $0.39 | $0.64 | $0.63 | $0.49 | $0.44 | $0.46 | $0.45 | $0.46 | $0.50 |
Dividend yield | 3.88% | 4.02% | 3.70% | 3.48% | 4.85% | 4.55% | 3.66% | 3.50% | 3.51% | 3.52% | 3.65% | 3.77% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.16 | |||||||
| 2024 | $0.01 | $0.03 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.07 | $0.46 |
| 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 | $0.30 | $0.64 |
| 2020 | $0.01 | $0.04 | $0.02 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.28 | $0.63 |
| 2019 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.11 | $0.49 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.06 | $0.44 |
| 2017 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.08 | $0.46 |
| 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 | $0.10 | $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.
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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 18.10%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current USAA Income Fund drawdown is 3.45%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.1% | Aug 5, 2021 | 307 | Oct 21, 2022 | — | — | — |
| -12.24% | May 21, 2008 | 130 | Nov 24, 2008 | 137 | Jun 12, 2009 | 267 |
| -10.21% | Mar 9, 2020 | 12 | Mar 24, 2020 | 82 | Jul 21, 2020 | 94 |
| -9.36% | Oct 18, 1993 | 148 | May 11, 1994 | 219 | Mar 14, 1995 | 367 |
| -8.79% | Mar 27, 1987 | 147 | Oct 19, 1987 | 72 | Jan 27, 1988 | 219 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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