USAA Virginia Bond Fund (USVAX)
The fund invests primarily in long-term investment-grade securities issued by the Commonwealth of Virginia, its political subdivisions, instrumentalities, and by other government entities, the interest on which is excludable from gross income for federal income tax and Virginia state income tax purposes. At least 80% of the fund's net assets will consist of Virginia tax-exempt securities. The fund's dollar-weighted average portfolio maturity is not restricted, but is expected to be greater than 10 years.
Fund Info
US9032898747
903289874
Oct 9, 1990
$3,000
Expense Ratio
USVAX has an expense ratio of 0.55%, placing it in the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in USAA Virginia Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
USAA Virginia Bond Fund (USVAX) returned -2.23% year-to-date (YTD) and -0.28% over the past 12 months. Over the past 10 years, USVAX returned 1.77% annually, underperforming the S&P 500 benchmark at 10.45%.
USVAX
-2.23%
3.89%
-2.40%
-0.28%
0.79%
1.77%
^GSPC (Benchmark)
-3.77%
3.72%
-5.60%
8.55%
14.11%
10.45%
Monthly Returns
The table below presents the monthly returns of USVAX, 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 | 0.15% | 1.00% | -1.92% | -1.46% | -0.00% | -2.23% | |||||||
| 2024 | -0.50% | 0.26% | 0.44% | -1.48% | 0.16% | 1.89% | 0.82% | 0.44% | 1.01% | -1.54% | 2.45% | -1.81% | 2.05% |
| 2023 | 3.28% | -2.67% | 2.23% | -0.32% | -0.98% | 1.43% | 0.26% | -2.05% | -3.88% | -1.55% | 8.36% | 2.79% | 6.48% |
| 2022 | -2.21% | -0.52% | -2.97% | -2.71% | 0.97% | -2.30% | 2.92% | -2.48% | -4.58% | -1.45% | 5.28% | 0.25% | -9.76% |
| 2021 | 0.62% | -1.27% | 0.54% | 0.70% | 0.27% | 0.45% | 0.95% | -0.42% | -0.58% | -0.15% | 0.78% | 0.10% | 1.98% |
| 2020 | 1.44% | 1.24% | -3.77% | -1.65% | 2.84% | 1.17% | 1.76% | -0.24% | 0.10% | -0.33% | 1.40% | 0.53% | 4.41% |
| 2019 | 0.51% | 0.52% | 1.41% | 0.43% | 1.14% | 0.32% | 0.41% | 1.45% | -0.65% | 0.04% | 0.21% | 0.23% | 6.17% |
| 2018 | -0.99% | -0.36% | 0.35% | -0.29% | 0.97% | 0.26% | 0.06% | 0.19% | -0.57% | -0.65% | 0.82% | 1.06% | 0.82% |
| 2017 | 0.23% | 0.44% | 0.28% | 0.51% | 1.24% | -0.08% | 0.33% | 0.60% | -0.27% | 0.23% | 0.05% | 0.96% | 4.60% |
| 2016 | 0.79% | 0.04% | 0.55% | 0.73% | 0.53% | 1.40% | -0.17% | 0.15% | -0.33% | -0.72% | -2.98% | 0.91% | 0.82% |
| 2015 | 1.51% | -1.16% | 0.29% | -0.57% | -0.14% | -0.05% | 0.60% | 0.39% | 0.49% | 0.32% | 0.47% | 0.68% | 2.82% |
| 2014 | 2.46% | 1.25% | 0.33% | 1.31% | 1.56% | 0.14% | -0.12% | 1.63% | 0.31% | 0.68% | 0.11% | 0.66% | 10.80% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of USVAX is 19, meaning it’s performing worse than 81% of other 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 Virginia Bond Fund (USVAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
USAA Virginia Bond Fund provided a 2.81% dividend yield over the last twelve months, with an annual payout of $0.29 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.29 | $0.31 | $0.33 | $0.29 | $0.26 | $0.28 | $0.32 | $0.34 | $0.34 | $0.37 | $0.42 | $0.43 |
Dividend yield | 2.81% | 2.98% | 3.09% | 2.78% | 2.21% | 2.38% | 2.77% | 3.04% | 2.97% | 3.29% | 3.64% | 3.75% |
Monthly Dividends
The table displays the monthly dividend distributions for USAA Virginia 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 | $0.02 | $0.03 | $0.00 | $0.00 | $0.08 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.29 |
| 2021 | $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 |
| 2020 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.32 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.42 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.43 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the USAA Virginia 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 Virginia Bond Fund was 15.06%, occurring on Oct 26, 2022. The portfolio has not yet recovered.
The current USAA Virginia Bond Fund drawdown is 4.40%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.06% | Aug 5, 2021 | 310 | Oct 26, 2022 | — | — | — |
| -12.99% | Jan 24, 2008 | 226 | Dec 15, 2008 | 169 | Aug 18, 2009 | 395 |
| -11.66% | Feb 1, 1994 | 210 | Nov 21, 1994 | 95 | Apr 3, 1995 | 305 |
| -10.02% | Mar 10, 2020 | 10 | Mar 23, 2020 | 95 | Aug 6, 2020 | 105 |
| -8.1% | May 3, 2013 | 90 | Sep 10, 2013 | 157 | Apr 25, 2014 | 247 |
Volatility
Volatility Chart
The current USAA Virginia Bond Fund volatility is 5.03%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.