MUNDX vs. UCEQX
MUNDX (Mundoval Fund) and UCEQX (USAA Cornerstone Equity Fund) are both Global Equities funds. Over the past 10 years, MUNDX returned 11.96%/yr vs 11.87%/yr for UCEQX. Their correlation of 0.88 suggests significant overlap in exposure. MUNDX charges 1.49%/yr vs 0.09%/yr for UCEQX.
Performance
MUNDX vs. UCEQX - Performance Comparison
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Returns By Period
In the year-to-date period, MUNDX achieves a 4.48% return, which is significantly lower than UCEQX's 13.92% return. Both investments have delivered pretty close results over the past 10 years, with MUNDX having a 11.96% annualized return and UCEQX not far behind at 11.87%.
MUNDX
- 1D
- 0.24%
- 1M
- 0.37%
- YTD
- 4.48%
- 6M
- 6.74%
- 1Y
- 26.00%
- 3Y*
- 11.61%
- 5Y*
- 7.21%
- 10Y*
- 11.96%
UCEQX
- 1D
- -0.64%
- 1M
- 3.91%
- YTD
- 13.92%
- 6M
- 15.76%
- 1Y
- 30.39%
- 3Y*
- 20.31%
- 5Y*
- 11.27%
- 10Y*
- 11.87%
MUNDX vs. UCEQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MUNDX Mundoval Fund | 4.48% | 18.06% | 11.13% | 15.75% | -18.38% | 22.91% | 14.85% | 37.23% | -8.29% | 18.86% |
UCEQX USAA Cornerstone Equity Fund | 13.92% | 23.71% | 14.50% | 19.36% | -16.25% | 19.68% | 10.76% | 22.49% | -12.06% | 22.59% |
Correlation
The correlation between MUNDX and UCEQX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2012 | 0.88 |
The correlation between MUNDX and UCEQX shifts across timeframes, from 0.78 (3 years) to 0.88 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MUNDX vs. UCEQX — Risk / Return Rank
MUNDX
UCEQX
MUNDX vs. UCEQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mundoval Fund (MUNDX) and USAA Cornerstone Equity Fund (UCEQX). 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.
| MUNDX | UCEQX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.41 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 3.26 | -1.18 |
| Martin ratioReturn relative to average drawdown | 8.04 | 14.31 | -6.27 |
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Drawdowns
MUNDX vs. UCEQX - Drawdown Comparison
The maximum MUNDX drawdown since its inception was -93.89%, which is greater than UCEQX's maximum drawdown of -35.33%. Use the drawdown chart below to compare losses from any high point for MUNDX and UCEQX.
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Drawdown Indicators
| MUNDX | UCEQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.89% | -35.33% | -58.56% |
Max Drawdown (1Y)Largest decline over 1 year | -12.19% | -8.96% | -3.23% |
Max Drawdown (3Y)Largest decline over 3 years | -93.89% | -15.64% | -78.25% |
Max Drawdown (5Y)Largest decline over 5 years | -93.89% | -25.24% | -68.65% |
Max Drawdown (10Y)Largest decline over 10 years | -93.89% | -35.33% | -58.56% |
Current DrawdownCurrent decline from peak | -91.26% | -0.64% | -90.62% |
Average DrawdownAverage peak-to-trough decline | -14.49% | -4.86% | -9.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.04% | +1.11% |
Volatility
MUNDX vs. UCEQX - Volatility Comparison
The current volatility for Mundoval Fund (MUNDX) is 4.08%, while USAA Cornerstone Equity Fund (UCEQX) has a volatility of 5.14%. This indicates that MUNDX experiences smaller price fluctuations and is considered to be less risky than UCEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUNDX | UCEQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 5.14% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.06% | 10.63% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.73% | 12.99% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 488.98% | 15.39% | +473.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 345.94% | 16.55% | +329.39% |
MUNDX vs. UCEQX - Expense Ratio Comparison
MUNDX has a 1.49% expense ratio, which is higher than UCEQX's 0.09% expense ratio.
Dividends
MUNDX vs. UCEQX - Dividend Comparison
MUNDX's dividend yield for the trailing twelve months is around 8.26%, more than UCEQX's 4.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUNDX Mundoval Fund | 8.26% | 8.63% | 7.29% | 3.10% | 2.88% | 4.56% | 4.85% | 0.52% | 0.24% | 0.19% | 0.50% | 3.23% |
UCEQX USAA Cornerstone Equity Fund | 4.46% | 5.08% | 2.56% | 5.10% | 6.80% | 4.61% | 8.25% | 4.79% | 6.73% | 1.91% | 3.16% | 3.63% |
Frequently Asked Questions
MUNDX and UCEQX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCEQX has higher volatility (5.14%) compared to MUNDX (4.08%). In terms of maximum drawdown, MUNDX dropped -93.89% vs UCEQX's -35.33%.
UCEQX currently has the higher Sharpe Ratio (2.25 vs 1.99), 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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