USAA Government Securities Fund (USGNX)

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

USAA Government Securities Fund (USGNX) has returned -0.27% so far this year and 4.13% over the past 12 months. Over the last ten years, USGNX has returned 1.57% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jan 31, 1991, USGNX's average daily return is +0.02%, while the average monthly return is +0.36%. At this rate, your investment would double in approximately 16.1 years.

Historically, 68% of months were positive and 32% were negative. The best month was Dec 1991 with a return of +3.7%, while the worst month was Sep 2022 at -3.0%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.

On a daily basis, USGNX closed higher 39% of trading days. The best single day was Jun 30, 1999 with a return of +1.5%, while the worst single day was Oct 8, 1998 at -1.7%.

USAA Government Securities Fund has an annualized alpha of 4.48%, beta of -0.01, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since February 01, 1991.

• This fund captured 11.61% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -7.03%) — a profile typical of hedging or uncorrelated assets.
• Beta of -0.01 may look defensive, but with R² of 0.00 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.00 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

USGNX has an expense ratio of 0.53%, placing it in the medium range.

USGNX ranks 68 for risk / return — better than 68% 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.

The table below present risk-adjusted performance metrics for USAA Government Securities Fund (USGNX) and compare them to a chosen benchmark (S&P 500 Index).

USAA Government Securities Fund provided a 3.49% dividend yield over the last twelve months, with an annual payout of $0.31 per share. The fund has been increasing its distributions for 3 consecutive years.

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

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.

The table below displays the maximum drawdowns of the USAA Government Securities 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 Government Securities Fund was 12.03%, occurring on Oct 19, 2023. Recovery took 423 trading sessions.

The current USAA Government Securities Fund drawdown is 1.98%.

The chart below shows the rolling one-month volatility.