USAA Short Term Bond Fund (USSBX)
The fund normally invests at least 80% of its assets in a broad range of investment-grade debt securities that have a dollar-weighted average portfolio maturity of three years or less. The debt securities in which the fund may invest include, among others, obligations of U.S., state, and local governments, their agencies and instrumentalities; mortgage- and asset-backed securities; corporate debt securities; repurchase agreements; and other securities believed to have debt-like characteristics.
Fund Info
US9032887021
903288702
Jun 1, 1993
$3,000
Expense Ratio
USSBX has an expense ratio of 0.54%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
USAA Short Term Bond Fund (USSBX) returned 1.84% year-to-date (YTD) and 6.31% over the past 12 months. Over the past 10 years, USSBX returned 2.68% annually, underperforming the S&P 500 benchmark at 10.87%.
USSBX
1.84%
0.50%
2.70%
6.31%
3.41%
2.68%
^GSPC (Benchmark)
1.30%
12.94%
1.49%
12.48%
15.82%
10.87%
Monthly Returns
The table below presents the monthly returns of USSBX, 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 | 0.60% | 0.79% | 0.27% | 0.49% | -0.33% | 1.84% | |||||||
| 2024 | 0.56% | 0.00% | 0.70% | -0.20% | 0.93% | 0.71% | 1.17% | 0.93% | 0.91% | -0.39% | 0.59% | 0.14% | 6.21% |
| 2023 | 1.30% | -0.32% | 0.05% | 0.63% | -0.16% | 0.29% | 0.67% | 0.44% | -0.02% | 0.00% | 1.61% | 1.75% | 6.38% |
| 2022 | -0.61% | -0.72% | -1.05% | -0.74% | 0.41% | -0.96% | 0.76% | -0.49% | -0.83% | -0.11% | 0.92% | 0.46% | -2.94% |
| 2021 | 0.32% | -0.01% | 0.09% | 0.30% | 0.29% | 0.17% | 0.17% | 0.05% | -0.07% | -0.17% | -0.06% | -0.52% | 0.55% |
| 2020 | 0.66% | 0.42% | -4.49% | 2.29% | 1.24% | 1.34% | 0.90% | 0.56% | 0.22% | 0.13% | 0.75% | 0.12% | 4.05% |
| 2019 | 0.77% | 0.34% | 0.79% | 0.34% | 0.47% | 0.65% | 0.00% | 0.65% | 0.02% | 0.37% | 0.11% | 0.36% | 4.98% |
| 2018 | -0.15% | -0.25% | 0.09% | -0.03% | 0.41% | -0.01% | 0.20% | 0.44% | 0.08% | -0.12% | 0.13% | 0.43% | 1.22% |
| 2017 | 0.37% | 0.26% | 0.07% | 0.48% | 0.37% | 0.05% | 0.37% | 0.27% | -0.04% | 0.15% | -0.15% | 0.08% | 2.31% |
| 2016 | 0.24% | 0.03% | 0.93% | 0.62% | 0.03% | 0.71% | 0.37% | 0.16% | 0.27% | 0.04% | -0.71% | 0.27% | 3.02% |
| 2015 | 0.36% | 0.03% | 0.24% | 0.03% | 0.14% | -0.19% | 0.02% | -0.20% | 0.14% | 0.03% | -0.20% | -0.40% | 0.03% |
| 2014 | 0.59% | 0.26% | -0.06% | 0.37% | 0.35% | 0.03% | -0.07% | 0.25% | -0.20% | 0.25% | 0.13% | -0.29% | 1.61% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 98, USSBX is among the top 2% of 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 Short Term Bond Fund (USSBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
USAA Short Term Bond Fund provided a 4.43% dividend yield over the last twelve months, with an annual payout of $0.40 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.39 | $0.33 | $0.21 | $0.20 | $0.26 | $0.26 | $0.22 | $0.18 | $0.17 | $0.15 | $0.16 |
Dividend yield | 4.43% | 4.32% | 3.73% | 2.40% | 2.20% | 2.75% | 2.77% | 2.42% | 1.95% | 1.87% | 1.69% | 1.71% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.03 | $0.04 | $0.04 | $0.00 | $0.14 | |||||||
| 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 | $0.03 | $0.03 | $0.04 | $0.33 |
| 2022 | $0.01 | $0.01 | $0.02 | $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 | $0.02 | $0.20 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.22 |
| 2017 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.18 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.17 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.15 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.16 |
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 7.80%, occurring on Jul 30, 2002. Recovery took 567 trading sessions.
The current USAA Short Term Bond Fund drawdown is 0.33%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -7.8% | Oct 19, 2001 | 194 | Jul 30, 2002 | 567 | Oct 29, 2004 | 761 |
| -5.9% | Sep 16, 2008 | 50 | Nov 24, 2008 | 110 | May 5, 2009 | 160 |
| -5.6% | Sep 7, 2021 | 284 | Oct 20, 2022 | 277 | Nov 28, 2023 | 561 |
| -5.57% | Mar 6, 2020 | 14 | Mar 25, 2020 | 70 | Jul 6, 2020 | 84 |
| -2.7% | Feb 1, 1994 | 70 | May 9, 1994 | 191 | Jan 31, 1995 | 261 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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