MYIMX vs. USSPX

Last updated Jun 5, 2026

MYIMX (Victory Integrity Mid-Cap Value Fund) and USSPX (USAA 500 Index Fund) are both mutual funds - MYIMX is a Mid Cap Value Equities fund managed by Victory, while USSPX is a Large Cap Blend Equities fund managed by Victory. Over the past 10 years, MYIMX returned 10.88%/yr vs 15.50%/yr for USSPX. Their correlation of 0.85 suggests significant overlap in exposure. MYIMX charges 0.75%/yr vs 0.24%/yr for USSPX.

Performance

MYIMX vs. USSPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victory Integrity Mid-Cap Value Fund (MYIMX) and USAA 500 Index Fund (USSPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MYIMX achieves a 13.70% return, which is significantly higher than USSPX's 11.07% return. Over the past 10 years, MYIMX has underperformed USSPX with an annualized return of 10.88%, while USSPX has yielded a comparatively higher 15.50% annualized return.

MYIMX

• 1D: -0.07%
• 1M: 2.73%
• YTD: 13.70%
• 6M: 13.58%
• 1Y: 26.31%
• 3Y*: 15.87%
• 5Y*: 8.79%
• 10Y*: 10.88%

USSPX

• 1D: -0.76%
• 1M: 4.30%
• YTD: 11.07%
• 6M: 10.83%
• 1Y: 27.80%
• 3Y*: 22.55%
• 5Y*: 13.67%
• 10Y*: 15.50%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MYIMX vs. USSPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MYIMX Victory Integrity Mid-Cap Value Fund	13.70%	10.49%	11.97%	12.79%	-6.63%	28.64%	5.22%	27.69%	-14.98%	16.33%
USSPX USAA 500 Index Fund	11.07%	17.63%	25.04%	26.99%	-19.37%	27.45%	21.21%	31.19%	-4.66%	21.19%

Correlation

The correlation between MYIMX and USSPX is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jul 6, 2011	0.85

The correlation between MYIMX and USSPX shifts across timeframes, from 0.66 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MYIMX vs. USSPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MYIMX

MYIMX Risk / Return Rank: 48
MYIMX Sharpe Ratio Rank: 44
MYIMX Sortino Ratio Rank: 46
MYIMX Omega Ratio Rank: 40
MYIMX Calmar Ratio Rank: 59
MYIMX Martin Ratio Rank: 53

USSPX

USSPX Risk / Return Rank: 64
USSPX Sharpe Ratio Rank: 63
USSPX Sortino Ratio Rank: 58
USSPX Omega Ratio Rank: 58
USSPX Calmar Ratio Rank: 66
USSPX Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MYIMX vs. USSPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory Integrity Mid-Cap Value Fund (MYIMX) and USAA 500 Index Fund (USSPX). 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.

	MYIMX	USSPX	Difference
Sharpe ratio: Return per unit of total volatility	1.89	2.34	-0.45
Sortino ratio: Return per unit of downside risk	2.79	3.19	-0.40
Omega ratio: Gain probability vs. loss probability	1.33	1.42	-0.09
Calmar ratio: Return relative to maximum drawdown	2.90	3.14	-0.24
Martin ratio: Return relative to average drawdown	10.50	14.54	-4.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MYIMX vs. USSPX - Sharpe Ratio Comparison

The current MYIMX Sharpe Ratio is 1.89, which is comparable to the USSPX Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of MYIMX and USSPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MYIMX	USSPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	2.34	-0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.79	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.85	-0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.54	-0.01

Drawdowns

MYIMX vs. USSPX - Drawdown Comparison

The maximum MYIMX drawdown since its inception was -45.40%, smaller than the maximum USSPX drawdown of -55.39%. Use the drawdown chart below to compare losses from any high point for MYIMX and USSPX.

Drawdown Indicators

	MYIMX	USSPX	Difference
Max Drawdown Largest peak-to-trough decline	-45.40%	-55.39%	+9.99%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	-8.92%	+0.03%
Max Drawdown (3Y) Largest decline over 3 years	-27.36%	-19.64%	-7.72%
Max Drawdown (5Y) Largest decline over 5 years	-27.36%	-26.88%	-0.48%
Max Drawdown (10Y) Largest decline over 10 years	-45.40%	-33.64%	-11.76%
Current Drawdown Current decline from peak	-0.07%	-0.76%	+0.69%
Average Drawdown Average peak-to-trough decline	-5.81%	-10.13%	+4.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	1.92%	+0.53%

Volatility

MYIMX vs. USSPX - Volatility Comparison

Victory Integrity Mid-Cap Value Fund (MYIMX) has a higher volatility of 3.64% compared to USAA 500 Index Fund (USSPX) at 2.94%. This indicates that MYIMX's price experiences larger fluctuations and is considered to be riskier than USSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MYIMX	USSPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.64%	2.94%	+0.70%
Volatility (6M) Calculated over the trailing 6-month period	9.99%	9.06%	+0.93%
Volatility (1Y) Calculated over the trailing 1-year period	13.67%	11.97%	+1.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.81%	17.50%	+2.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.41%	18.36%	+3.05%

MYIMX vs. USSPX - Expense Ratio Comparison

MYIMX has a 0.75% expense ratio, which is higher than USSPX's 0.24% expense ratio.

Dividends

MYIMX vs. USSPX - Dividend Comparison

MYIMX's dividend yield for the trailing twelve months is around 3.79%, more than USSPX's 3.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MYIMX Victory Integrity Mid-Cap Value Fund	3.79%	4.31%	17.35%	3.09%	5.96%	4.82%	2.46%	0.75%	8.00%	4.18%	0.44%	0.87%
USSPX USAA 500 Index Fund	3.74%	4.14%	3.63%	2.07%	2.81%	4.98%	3.38%	4.98%	3.03%	1.34%	2.34%	1.89%

Frequently Asked Questions

Can I hold both MYIMX and USSPX in my portfolio?

MYIMX and USSPX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MYIMX or USSPX?

MYIMX has higher volatility (3.64%) compared to USSPX (2.94%). In terms of maximum drawdown, MYIMX dropped -45.40% vs USSPX's -55.39%.

Which has better risk-adjusted returns?

USSPX currently has the higher Sharpe Ratio (2.34 vs 1.89), 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.