IBGIX vs. USMIX
IBGIX (VY Baron Growth Portfolio) and USMIX (USAA Extended Market Index Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, IBGIX returned 14.33%/yr vs 11.58%/yr for USMIX. Their correlation of 0.88 means they have usually moved in the same direction. IBGIX charges 0.99%/yr vs 0.38%/yr for USMIX.
Performance
IBGIX vs. USMIX - Performance Comparison
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Returns By Period
In the year-to-date period, IBGIX achieves a -14.46% return, which is significantly lower than USMIX's 14.54% return. Over the past 10 years, IBGIX has outperformed USMIX with an annualized return of 14.33%, while USMIX has yielded a comparatively lower 11.58% annualized return.
IBGIX
- 1D
- -0.73%
- 1M
- -5.19%
- 6M
- -10.65%
- YTD
- -14.46%
- 1Y
- -19.23%
- 3Y*
- -7.10%
- 5Y*
- -4.62%
- 10Y*
- 14.33%
- ALL TIME*
- 8.56%
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 |
IBGIX vs. USMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBGIX VY Baron Growth Portfolio | -14.46% | -10.40% | 4.84% | 15.02% | -23.40% | 20.76% | 33.55% | 166.57% | -1.63% | 28.50% |
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 IBGIX and USMIX is 0.51, 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. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2002 | 0.88 |
Over the past year, the correlation between IBGIX and USMIX has dropped to 0.51 - well below their long-term average of 0.88, suggesting their price drivers have been diverging.
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Return for Risk
IBGIX vs. USMIX — Risk / Return Rank
IBGIX
USMIX
IBGIX vs. USMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VY Baron Growth Portfolio (IBGIX) 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.
| IBGIX | USMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.63 | ||
| Sortino ratioReturn per unit of downside risk | -3.78 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.26 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 2.47 | -3.42 |
| Martin ratioReturn relative to average drawdown | -1.60 | 9.02 | -10.62 |
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Drawdowns
IBGIX vs. USMIX - Drawdown Comparison
The maximum IBGIX drawdown since its inception was -57.44%, roughly equal to the maximum USMIX drawdown of -57.91%. Use the drawdown chart below to compare losses from any high point for IBGIX and USMIX.
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Drawdown Indicators
| IBGIX | USMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.44% | -57.91% | +0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -23.13% | -9.97% | -13.16% |
Max Drawdown (3Y)Largest decline over 3 years | -30.02% | -31.84% | +1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -34.38% | -37.86% | +3.48% |
Max Drawdown (10Y)Largest decline over 10 years | -40.82% | -41.86% | +1.04% |
Current DrawdownCurrent decline from peak | -30.18% | -1.33% | -28.85% |
Average DrawdownAverage peak-to-trough decline | -14.21% | -11.93% | -2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.37% | 2.73% | +11.64% |
Volatility
IBGIX vs. USMIX - Volatility Comparison
VY Baron Growth Portfolio (IBGIX) has a higher volatility of 6.58% compared to USAA Extended Market Index Fund (USMIX) at 3.25%. This indicates that IBGIX'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
| IBGIX | USMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.58% | 3.25% | +3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 14.71% | 11.77% | +2.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.17% | 16.60% | +2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.93% | 24.94% | -4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.99% | 23.62% | +12.37% |
IBGIX vs. USMIX - Expense Ratio Comparison
IBGIX has a 0.99% expense ratio, which is higher than USMIX's 0.38% expense ratio.
Dividends
IBGIX vs. USMIX - Dividend Comparison
IBGIX's dividend yield for the trailing twelve months is around 301.33%, more than USMIX's 5.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBGIX VY Baron Growth Portfolio | 301.33% | 24.66% | 4.13% | 5.23% | 11.56% | 6.89% | 0.00% | 107.13% | 11.51% | 12.13% | 11.71% | 8.93% |
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
IBGIX and USMIX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBGIX has higher volatility (6.58%) compared to USMIX (3.25%). In terms of maximum drawdown, IBGIX dropped -57.44% vs USMIX's -57.91%.
USMIX currently has the higher Sharpe Ratio (1.48 vs -1.15), 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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