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USAA Nasdaq 100 Index Fund (USNQX) Sharpe Ratio: 2.29

Mutual Fund · Currency in USD · Last updated Jun 23, 2026

The fund's principal investment strategy is, under normal market conditions, to invest at least 80% of the fund's assets in the common stocks of companies composing the Nasdaq-100 Index. The Nasdaq-100 Index composed of 100 of the largest nonfinancial domestic and international companies listed on The Nasdaq Stock Market based on market capitalization. The fund is non-diversified.

USNQX's Sharpe Ratio of 2.29 indicates that for each unit of volatility, it generates 2.29 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

USNQX Sharpe Ratio Rank

USNQX Sharpe Ratio Rank: 73.073
Above Average

USNQX ranks above 73.0% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

USNQX Sharpe Ratio Market Positioning

The chart shows USNQX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.33 or lower
  • Yellow zone (middle 50%): 1.33 to 2.32
  • Green zone (top 25%): 2.32 or higher
  • Top 1%: 4.32+
  • Median: 1.93 — half of all investments score higher

How it compares to other similar mutual funds

The table compares USAA Nasdaq 100 Index Fund's Sharpe Ratio with other mutual funds in the Nasdaq-100, Large Cap Growth Equities category across multiple time periods, showing how USNQX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
POGRXPrimeCap Odyssey Growth Fund3.42
VPMCXVanguard PRIMECAP Fund Investor Shares3.42
FOCKXFidelity OTC Portfolio Class K3.13
FOCPXFidelity OTC Portfolio3.13
ONERXOne Rock Fund3.11
VHCAXVanguard Capital Opportunity Fund Admiral Shares3.03
FCGSXFidelity Series Growth Company Fund2.95
ANFFXAmerican Funds The New Economy Fund Class F-12.84
IOLZXICON Equity Fund2.84
CHAIXChase Growth Fund Institutional Class2.79
USNQXUSAA Nasdaq 100 Index Fund2.29

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows USNQX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when USNQX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does USNQX fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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