- ISIN
- US9032887021
- CUSIP
- 903288702
- Issuer
- Victory
- Inception Date
- Jun 1, 1993
- Category
- Short-Term Bond
- Min. Investment
- $3,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
USSBX Performance Chart
USAA Short Term Bond Fund (USSBX) is up 1.1% since the beginning of the year. USSBX is currently trading at $9 per share. Investors who bought $1,000 worth of USSBX shares 5 years ago would now be looking at an investment worth $1,170.
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Returns By Period
USAA Short Term Bond Fund (USSBX) has returned 1.11% so far this year and 4.39% over the past 12 months.
USAA Short Term Bond Fund
- 1D
- 0.00%
- 1M
- 0.16%
- YTD
- 1.11%
- 6M
- 1.62%
- 1Y
- 4.39%
- 3Y*
- 5.86%
- 5Y*
- 3.19%
- 10Y*
- 3.10%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USSBX Monthly Returns History
Based on dividend-adjusted daily data since May 28, 1993, USSBX's average daily return is +0.01%, while the average monthly return is +0.31%. At this rate, an investment would double in approximately 18.7 years.
Historically, 77% of months were positive and 23% were negative. The best month was May 2009 with a return of +2.4%, while the worst month was Mar 2020 at -4.5%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 4 months.
On a daily basis, USSBX closed higher 28% of trading days. The best single day was Jul 31, 2002 with a return of +0.9%, while the worst single day was Nov 28, 2001 at -1.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.38% | 0.58% | -0.49% | 0.37% | 0.38% | -0.11% | 1.11% | ||||||
| 2025 | 0.61% | 0.79% | 0.25% | 0.50% | 0.29% | 0.68% | 0.17% | 0.83% | 0.36% | 0.31% | 0.45% | 0.40% | 5.79% |
| 2024 | 0.57% | 0.00% | 0.70% | -0.20% | 0.94% | 0.71% | 1.17% | 0.93% | 0.91% | -0.39% | 0.57% | 0.15% | 6.21% |
| 2023 | 1.30% | -0.32% | 0.05% | 0.63% | -0.16% | 0.29% | 0.67% | 0.44% | -0.03% | -0.34% | 1.61% | 1.74% | 5.99% |
| 2022 | -0.61% | -0.73% | -1.05% | -0.74% | 0.41% | -0.95% | 0.75% | -0.48% | -0.83% | -0.12% | 0.93% | 0.46% | -2.95% |
| 2021 | 0.31% | -0.03% | 0.09% | 0.30% | 0.27% | 0.17% | 0.16% | 0.05% | -0.07% | -0.18% | -0.06% | 0.07% | 1.08% |
Benchmark Metrics
USAA Short Term Bond Fund has an annualized alpha of 4.02%, beta of 0.03, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since June 01, 1993.
- This fund captured 11.66% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -8.86%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.03 may look defensive, but with R2 of 0.03 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 0.03 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.
- Alpha
- 4.02%
- Beta
- 0.03
- R²
- 0.03
- Upside Capture
- 11.66%
- Downside Capture
- -8.86%
Expense Ratio
USSBX has an expense ratio of 0.54%, placing it in the medium range.
Return for Risk
Risk / Return Rank
USSBX ranks 87 for risk / return — in the top 87% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for USAA Short Term Bond Fund (USSBX) and compare them to S&P 500 Index.
| USSBX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.69 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.06 | — | — |
| Martin ratioReturn relative to average drawdown | 16.88 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
USAA Short Term Bond Fund provided a 4.54% dividend yield over the last twelve months, with an annual payout of $0.41 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.41 | $0.39 | $0.30 | $0.21 | $0.25 | $0.32 | $0.26 | $0.22 | $0.18 | $0.17 | $0.15 |
Dividend yield | 4.54% | 4.51% | 4.32% | 3.37% | 2.38% | 2.72% | 3.41% | 2.79% | 2.44% | 1.94% | 1.86% | 1.69% |
Monthly Dividends
The table displays the monthly dividend distributions for USAA Short Term 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.17 | ||||||
| 2025 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.41 |
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.03 | $0.04 | $0.30 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.21 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.08 | $0.25 |
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 Short Term 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 Short Term Bond Fund was 6.87%, occurring on Jul 30, 2002. Recovery took 217 trading sessions.
The current USAA Short Term Bond Fund drawdown is 0.11%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Dot-com crash2000–2002 | -6.87%Jul 2002 | 9mo 14d | 10mo 15d | 1y 7moOct 2001 - Jun 2003 |
Financial crisis2007–2009 | -5.89%Nov 2008 | 2mo 9d | 5mo 12d | 7mo 21dSep 2008 - May 2009 |
COVID crash2020 | -5.57%Mar 2020 | 19d | 3mo 7d | 3mo 26dMar 2020 - Jun 2020 |
Bear market2022 | -5.11%Oct 2022 | 10mo 7d | 1y 1mo | 1y 11moDec 2021 - Nov 2023 |
1994 pullback1994 | -2.69%May 1994 | 3mo 7d | 8mo 27d | 12mo 4dFeb 1994 - Jan 1995 |
Drawdown Indicators
| USSBX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.87% | -9.10% | +2.23% |
Max Drawdown (1Y)Largest decline over 1 year | -1.09% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -1.09% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -5.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -5.57% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -2.97% | +2.86% |
Average DrawdownAverage peak-to-trough decline | -0.63% | -1.13% | +0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.26% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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