USAA California Bond Fund (USCBX)
The fund invests primarily in long-term investment-grade securities issued by the state of California, its political subdivisions, instrumentalities, and by other government entities, the interest on which is excludable from gross income for federal income tax and California state income tax purposes. During normal market conditions, at least 80% of the fund's net assets will consist of California tax-exempt securities. Its dollar-weighted average portfolio maturity is not restricted, but is expected to be greater than 10 years.
Fund Info
US9032895024
903289502
Jul 31, 1989
$3,000
Expense Ratio
USCBX has an expense ratio of 0.55%, placing it in the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
Loading data...
Returns By Period
USAA California Bond Fund (USCBX) returned -2.90% year-to-date (YTD) and -0.04% over the past 12 months. Over the past 10 years, USCBX returned 1.88% annually, underperforming the S&P 500 benchmark at 10.85%.
USCBX
-2.90%
-1.00%
-4.40%
-0.04%
1.09%
0.21%
1.88%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of USCBX, 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 | 0.18% | 0.93% | -1.64% | -1.38% | -1.00% | -2.90% | |||||||
| 2024 | -0.49% | 0.07% | 0.37% | -1.18% | -0.02% | 1.53% | 0.85% | 0.56% | 0.83% | -1.35% | 1.81% | -1.54% | 1.38% |
| 2023 | 3.02% | -2.61% | 2.34% | -0.31% | -0.78% | 1.26% | 0.46% | -1.47% | -3.48% | -1.24% | 7.57% | 2.21% | 6.68% |
| 2022 | -2.72% | -0.26% | -3.35% | -2.92% | 0.80% | -2.24% | 3.06% | -2.32% | -4.82% | -1.17% | 5.98% | 0.27% | -9.73% |
| 2021 | 0.72% | -1.88% | 0.74% | 0.98% | 0.47% | 0.46% | 1.14% | -0.49% | -0.74% | -0.41% | 1.16% | 0.20% | 2.32% |
| 2020 | 1.71% | 1.49% | -4.06% | -1.67% | 3.32% | 0.56% | 2.14% | -0.67% | 0.02% | -0.32% | 1.87% | 0.54% | 4.83% |
| 2019 | 0.43% | 0.53% | 1.53% | 0.52% | 1.33% | 0.31% | 0.68% | 1.82% | -0.49% | -0.04% | 0.20% | 0.22% | 7.25% |
| 2018 | -0.91% | -0.37% | 0.46% | -0.19% | 1.09% | 0.09% | 0.16% | 0.20% | -0.49% | -0.65% | 0.84% | 1.00% | 1.22% |
| 2017 | 0.36% | 0.75% | 0.21% | 0.55% | 1.47% | -0.06% | 0.44% | 0.72% | -0.25% | 0.18% | 0.01% | 1.10% | 5.61% |
| 2016 | 0.62% | 0.21% | 0.56% | 0.66% | 0.36% | 1.34% | -0.16% | 0.34% | -0.33% | -0.89% | -3.73% | 1.24% | 0.12% |
| 2015 | 1.29% | -0.57% | 0.40% | -0.30% | -0.12% | -0.12% | 0.60% | 0.39% | 0.67% | 0.42% | 0.39% | 0.60% | 3.70% |
| 2014 | 3.15% | 1.47% | 0.62% | 1.64% | 1.52% | 0.15% | 0.14% | 1.14% | 0.50% | 0.79% | 0.21% | 0.68% | 12.65% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of USCBX is 8, meaning it’s performing worse than 92% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for USAA California Bond Fund (USCBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Loading data...
Dividends
Dividend History
USAA California Bond Fund provided a 3.37% dividend yield over the last twelve months, with an annual payout of $0.33 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.33 | $0.33 | $0.29 | $0.27 | $0.28 | $0.31 | $0.35 | $0.37 | $0.38 | $0.43 | $0.44 |
Dividend yield | 3.37% | 3.19% | 3.18% | 2.87% | 2.36% | 2.40% | 2.73% | 3.21% | 3.33% | 3.49% | 3.79% | 3.88% |
Monthly Dividends
The table displays the monthly dividend distributions for USAA California Bond 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.11 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.29 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2020 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.31 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.35 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.43 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.44 |
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.
Loading data...
Worst Drawdowns
The table below displays the maximum drawdowns of the USAA California Bond 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 California Bond Fund was 17.53%, occurring on Dec 15, 2008. Recovery took 181 trading sessions.
The current USAA California Bond Fund drawdown is 5.48%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.53% | Jan 24, 2008 | 226 | Dec 15, 2008 | 181 | Sep 3, 2009 | 407 |
| -15.7% | Aug 6, 2021 | 310 | Oct 27, 2022 | — | — | — |
| -13.99% | Feb 1, 1994 | 211 | Nov 22, 1994 | 121 | May 10, 1995 | 332 |
| -11.91% | Oct 13, 2010 | 67 | Jan 18, 2011 | 137 | Aug 3, 2011 | 204 |
| -11.42% | Mar 10, 2020 | 10 | Mar 23, 2020 | 95 | Aug 6, 2020 | 105 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading data...