IAXIX vs. USMIX
IAXIX (VY T. Rowe Price Diversified Mid Cap Growth Portfolio) and USMIX (USAA Extended Market Index Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, IAXIX returned 12.31%/yr vs 11.58%/yr for USMIX. Their correlation of 0.91 means they have usually moved in the same direction. IAXIX charges 0.78%/yr vs 0.38%/yr for USMIX.
Performance
IAXIX vs. USMIX - Performance Comparison
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Returns By Period
In the year-to-date period, IAXIX achieves a 2.27% return, which is significantly lower than USMIX's 14.54% return. Over the past 10 years, IAXIX has outperformed USMIX with an annualized return of 12.31%, while USMIX has yielded a comparatively lower 11.58% annualized return.
IAXIX
- 1D
- 2.55%
- 1M
- -3.60%
- 6M
- 2.55%
- YTD
- 2.27%
- 1Y
- -0.45%
- 3Y*
- 12.69%
- 5Y*
- 5.39%
- 10Y*
- 12.31%
- ALL TIME*
- 9.56%
USMIX
- 1D
- 0.74%
- 1M
- -0.85%
- 6M
- 10.00%
- YTD
- 14.54%
- 1Y
- 27.62%
- 3Y*
- 14.44%
- 5Y*
- 6.30%
- 10Y*
- 11.58%
- ALL TIME*
- 8.65%
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 |
IAXIX vs. USMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAXIX VY T. Rowe Price Diversified Mid Cap Growth Portfolio | 2.27% | 10.02% | 23.56% | 20.96% | -24.03% | 13.90% | 31.84% | 37.03% | -3.25% | 24.82% |
USMIX USAA Extended Market Index Fund | 14.54% | 10.44% | 11.99% | 25.81% | -24.04% | 15.29% | 31.20% | 27.93% | -9.71% | 17.72% |
Correlation
The correlation between IAXIX and USMIX is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2001 | 0.91 |
The correlation between IAXIX and USMIX shifts across timeframes, from 0.76 (3 years) to 0.91 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IAXIX vs. USMIX — Risk / Return Rank
IAXIX
USMIX
IAXIX vs. USMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VY T. Rowe Price Diversified Mid Cap Growth Portfolio (IAXIX) 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.
| IAXIX | USMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.26 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 2.47 | -2.54 |
| Martin ratioReturn relative to average drawdown | -0.20 | 9.02 | -9.22 |
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Drawdowns
IAXIX vs. USMIX - Drawdown Comparison
The maximum IAXIX drawdown since its inception was -57.55%, roughly equal to the maximum USMIX drawdown of -57.91%. Use the drawdown chart below to compare losses from any high point for IAXIX and USMIX.
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Drawdown Indicators
| IAXIX | USMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.55% | -57.91% | +0.36% |
Max Drawdown (1Y)Largest decline over 1 year | -14.20% | -9.97% | -4.23% |
Max Drawdown (3Y)Largest decline over 3 years | -25.22% | -31.84% | +6.62% |
Max Drawdown (5Y)Largest decline over 5 years | -35.55% | -37.86% | +2.31% |
Max Drawdown (10Y)Largest decline over 10 years | -35.92% | -41.86% | +5.94% |
Current DrawdownCurrent decline from peak | -5.86% | -1.33% | -4.53% |
Average DrawdownAverage peak-to-trough decline | -9.22% | -11.93% | +2.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.66% | 2.73% | +1.93% |
Volatility
IAXIX vs. USMIX - Volatility Comparison
VY T. Rowe Price Diversified Mid Cap Growth Portfolio (IAXIX) has a higher volatility of 5.28% compared to USAA Extended Market Index Fund (USMIX) at 3.25%. This indicates that IAXIX'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
| IAXIX | USMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.28% | 3.25% | +2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 14.50% | 11.77% | +2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.49% | 16.60% | +1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.73% | 24.94% | -2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.62% | 23.62% | -2.00% |
IAXIX vs. USMIX - Expense Ratio Comparison
IAXIX has a 0.78% expense ratio, which is higher than USMIX's 0.38% expense ratio.
Dividends
IAXIX vs. USMIX - Dividend Comparison
IAXIX's dividend yield for the trailing twelve months is around 14.49%, more than USMIX's 5.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAXIX VY T. Rowe Price Diversified Mid Cap Growth Portfolio | 14.49% | 14.82% | 10.16% | 0.13% | 33.01% | 16.53% | 7.02% | 10.49% | 11.65% | 7.56% | 13.36% | 17.67% |
USMIX USAA Extended Market Index Fund | 5.65% | 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
IAXIX and USMIX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAXIX has higher volatility (5.28%) compared to USMIX (3.25%). In terms of maximum drawdown, IAXIX dropped -57.55% vs USMIX's -57.91%.
USMIX currently has the higher Sharpe Ratio (1.48 vs -0.05), 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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