USAA Extended Market Index Fund (USMIX)

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USAA Extended Market Index Fund (USMIX) is up 11.1% since the beginning of the year. USMIX is currently trading at $24 per share. Investors who bought $1,000 worth of USMIX shares 5 years ago would now be looking at an investment worth $1,331.

USAA Extended Market Index Fund (USMIX) has returned 11.07% so far this year and 29.35% over the past 12 months. Over the last ten years, USMIX has returned 11.69% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Oct 27, 2000, USMIX's average daily return is +0.04%, while the average monthly return is +0.83%. At this rate, an investment would double in approximately 7.0 years.

Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +18.6%, while the worst month was Mar 2020 at -21.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.

On a daily basis, USMIX closed higher 52% of trading days. The best single day was Dec 16, 2021 with a return of +17.2%, while the worst single day was Dec 17, 2021 at -15.7%.

USAA Extended Market Index Fund has an annualized alpha of 2.03%, beta of 1.04, and R2 of 0.76 versus S&P 500 Index. Calculated based on daily prices since October 30, 2000.

• This fund captured 120.12% of S&P 500 Index gains and 110.23% of its losses - amplifying both gains and losses, but participating more in upside than downside.
• This fund generated an annualized alpha of 2.03% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
• With beta of 1.04 and R2 of 0.76, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

USMIX has an expense ratio of 0.38%, placing it in the medium range.

USMIX ranks 44 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for USAA Extended Market Index Fund (USMIX) and compare them to S&P 500 Index.

USAA Extended Market Index Fund provided a 5.83% dividend yield over the last twelve months, with an annual payout of $1.38 per share.

The table displays the monthly dividend distributions for USAA Extended Market Index 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 Extended Market Index 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 Extended Market Index Fund was 57.91%, occurring on Mar 9, 2009. Recovery took 467 trading sessions.

The current USAA Extended Market Index Fund drawdown is 0.67%.

The chart below shows the rolling one-month volatility.