CFAGX vs. USMIX
CFAGX (Commerce MidCap Growth Fund) and USMIX (USAA Extended Market Index Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, CFAGX returned 9.88%/yr vs 11.69%/yr for USMIX. Their correlation of 0.91 means they have usually moved in the same direction. CFAGX charges 0.71%/yr vs 0.38%/yr for USMIX.
Performance
CFAGX vs. USMIX - Performance Comparison
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Returns By Period
In the year-to-date period, CFAGX achieves a 2.17% return, which is significantly lower than USMIX's 14.17% return. Over the past 10 years, CFAGX has underperformed USMIX with an annualized return of 9.88%, while USMIX has yielded a comparatively higher 11.69% annualized return.
CFAGX
- 1D
- 0.05%
- 1M
- -3.26%
- 6M
- 2.88%
- YTD
- 2.17%
- 1Y
- -1.61%
- 3Y*
- 6.94%
- 5Y*
- 2.55%
- 10Y*
- 9.88%
- ALL TIME*
- 7.66%
USMIX
- 1D
- -0.33%
- 1M
- -1.18%
- 6M
- 9.00%
- YTD
- 14.17%
- 1Y
- 27.20%
- 3Y*
- 14.46%
- 5Y*
- 6.23%
- 10Y*
- 11.69%
- ALL TIME*
- 8.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CFAGX vs. USMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CFAGX Commerce MidCap Growth Fund | 2.17% | 1.58% | 11.77% | 17.74% | -20.31% | 19.12% | 23.78% | 34.41% | -4.55% | 23.39% |
USMIX USAA Extended Market Index Fund | 14.17% | 10.44% | 11.99% | 25.81% | -24.04% | 15.29% | 31.20% | 27.93% | -9.71% | 17.72% |
Correlation
The correlation between CFAGX and USMIX is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2000 | 0.91 |
The correlation between CFAGX and USMIX has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.
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Return for Risk
CFAGX vs. USMIX — Risk / Return Rank
CFAGX
USMIX
CFAGX vs. USMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Commerce MidCap Growth Fund (CFAGX) and USAA Extended Market Index Fund (USMIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CFAGX | USMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.44 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.27 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 2.54 | -2.78 |
| Martin ratioReturn relative to average drawdown | -0.61 | 9.29 | -9.90 |
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Drawdowns
CFAGX vs. USMIX - Drawdown Comparison
The maximum CFAGX drawdown since its inception was -61.05%, which is greater than USMIX's maximum drawdown of -57.91%. Use the drawdown chart below to compare losses from any high point for CFAGX and USMIX.
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Drawdown Indicators
| CFAGX | USMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.05% | -57.91% | -3.14% |
Max Drawdown (1Y)Largest decline over 1 year | -12.85% | -9.97% | -2.88% |
Max Drawdown (3Y)Largest decline over 3 years | -21.16% | -31.84% | +10.68% |
Max Drawdown (5Y)Largest decline over 5 years | -28.99% | -37.86% | +8.87% |
Max Drawdown (10Y)Largest decline over 10 years | -34.23% | -41.86% | +7.63% |
Current DrawdownCurrent decline from peak | -4.40% | -1.66% | -2.74% |
Average DrawdownAverage peak-to-trough decline | -14.83% | -11.92% | -2.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.94% | 2.73% | +2.21% |
Volatility
CFAGX vs. USMIX - Volatility Comparison
Commerce MidCap Growth Fund (CFAGX) has a higher volatility of 4.75% compared to USAA Extended Market Index Fund (USMIX) at 3.25%. This indicates that CFAGX's price experiences larger fluctuations and is considered to be riskier than USMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CFAGX | USMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 3.25% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 11.92% | 11.77% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.93% | 16.60% | -1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.52% | 24.93% | -6.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.48% | 23.62% | -5.14% |
CFAGX vs. USMIX - Expense Ratio Comparison
CFAGX has a 0.71% expense ratio, which is higher than USMIX's 0.38% expense ratio.
Dividends
CFAGX vs. USMIX - Dividend Comparison
CFAGX's dividend yield for the trailing twelve months is around 24.36%, more than USMIX's 5.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CFAGX Commerce MidCap Growth Fund | 24.36% | 24.89% | 10.80% | 6.77% | 2.00% | 19.35% | 4.23% | 6.59% | 10.81% | 7.05% | 5.27% | 8.83% |
USMIX USAA Extended Market Index Fund | 5.67% | 6.47% | 14.41% | 4.41% | 8.78% | 17.98% | 3.32% | 3.18% | 6.48% | 7.48% | 7.07% | 8.02% |
Frequently Asked Questions
CFAGX and USMIX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CFAGX has higher volatility (4.75%) compared to USMIX (3.25%). In terms of maximum drawdown, CFAGX dropped -61.05% vs USMIX's -57.91%.
USMIX currently has the higher Sharpe Ratio (1.53 vs -0.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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