RSGRX vs. USBLX

Last updated Aug 4, 2026

RSGRX (Victory RS Growth Fund) and USBLX (USAA Growth and Tax Strategy Fund) are both mutual funds - RSGRX is a Large Cap Growth Equities fund managed by Victory, while USBLX is a Diversified Portfolio fund managed by Victory. Over the past 10 years, RSGRX returned 14.82%/yr vs 7.94%/yr for USBLX. Their correlation of 0.83 means they have usually moved in the same direction. RSGRX charges 1.10%/yr vs 0.58%/yr for USBLX.

Performance

RSGRX vs. USBLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victory RS Growth Fund (RSGRX) and USAA Growth and Tax Strategy Fund (USBLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSGRX achieves a 1.82% return, which is significantly lower than USBLX's 5.55% return. Over the past 10 years, RSGRX has outperformed USBLX with an annualized return of 14.82%, while USBLX has yielded a comparatively lower 7.94% annualized return.

RSGRX

• 1D: 1.41%
• 1M: -1.40%
• 6M: 2.56%
• YTD: 1.82%
• 1Y: 11.32%
• 3Y*: 19.99%
• 5Y*: 10.42%
• 10Y*: 14.82%
• ALL TIME*: 11.50%

USBLX

• 1D: 0.29%
• 1M: -0.89%
• 6M: 4.20%
• YTD: 5.55%
• 1Y: 13.08%
• 3Y*: 11.21%
• 5Y*: 6.06%
• 10Y*: 7.94%
• ALL TIME*: 7.01%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RSGRX Victory RS Growth Fund	$0.00	$0.00	$0.00
USBLX USAA Growth and Tax Strategy Fund	$0.00	$0.00	$0.00

RSGRX vs. USBLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSGRX Victory RS Growth Fund	1.82%	18.04%	34.38%	44.65%	-33.32%	19.64%	35.74%	29.83%	-7.06%	31.76%
USBLX USAA Growth and Tax Strategy Fund	5.55%	10.30%	13.32%	16.10%	-15.82%	14.80%	10.78%	18.46%	-1.95%	13.48%

Correlation

The correlation between RSGRX and USBLX is 0.90, 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.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (10Y) Provides a long-term view across more market conditions.	0.88
Correlation (All Time) Calculated using the full available price history since Jan 4, 1993	0.83

The correlation between RSGRX and USBLX has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.

Return for Risk

RSGRX vs. USBLX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RSGRX

RSGRX Risk / Return Rank: 12
RSGRX Sharpe Ratio Rank: 12
RSGRX Sortino Ratio Rank: 12
RSGRX Omega Ratio Rank: 12
RSGRX Calmar Ratio Rank: 11
RSGRX Martin Ratio Rank: 12

USBLX

USBLX Risk / Return Rank: 76
USBLX Sharpe Ratio Rank: 77
USBLX Sortino Ratio Rank: 75
USBLX Omega Ratio Rank: 74
USBLX Calmar Ratio Rank: 69
USBLX Martin Ratio Rank: 84

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RSGRX vs. USBLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory RS Growth Fund (RSGRX) and USAA Growth and Tax Strategy Fund (USBLX). 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.

	RSGRX	USBLX	Difference
Sharpe ratio: Return per unit of total volatility	0.51	1.86	-1.35
Sortino ratio: Return per unit of downside risk	0.83	2.63	-1.80
Omega ratio: Gain probability vs. loss probability	1.10	1.34	-0.24
Calmar ratio: Return relative to maximum drawdown	0.56	2.39	-1.83
Martin ratio: Return relative to average drawdown	1.72	10.99	-9.27

RSGRX vs. USBLX - Sharpe Ratio Comparison

The current RSGRX Sharpe Ratio is 0.51, which is lower than the USBLX Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of RSGRX and USBLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RSGRX vs. USBLX - Drawdown Comparison

The maximum RSGRX drawdown since its inception was -60.95%, which is greater than USBLX's maximum drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for RSGRX and USBLX.

Drawdown Indicators

	RSGRX	USBLX	Difference
Max Drawdown Largest peak-to-trough decline	-60.95%	-33.49%	-27.46%
Max Drawdown (1Y) Largest decline over 1 year	-16.50%	-5.24%	-11.26%
Max Drawdown (3Y) Largest decline over 3 years	-24.35%	-11.66%	-12.69%
Max Drawdown (5Y) Largest decline over 5 years	-40.29%	-20.51%	-19.78%
Max Drawdown (10Y) Largest decline over 10 years	-40.29%	-21.93%	-18.36%
Current Drawdown Current decline from peak	-7.74%	-1.29%	-6.45%
Average Drawdown Average peak-to-trough decline	-14.32%	-4.28%	-10.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.35%	1.14%	+4.21%

Volatility

RSGRX vs. USBLX - Volatility Comparison

Victory RS Growth Fund (RSGRX) has a higher volatility of 6.43% compared to USAA Growth and Tax Strategy Fund (USBLX) at 1.88%. This indicates that RSGRX's price experiences larger fluctuations and is considered to be riskier than USBLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSGRX	USBLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.43%	1.88%	+4.55%
Volatility (6M) Calculated over the trailing 6-month period	14.40%	5.38%	+9.02%
Volatility (1Y) Calculated over the trailing 1-year period	18.05%	6.71%	+11.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.49%	8.71%	+14.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.54%	9.11%	+13.43%

RSGRX vs. USBLX - Expense Ratio Comparison

RSGRX has a 1.10% expense ratio, which is higher than USBLX's 0.58% expense ratio.

Dividends

RSGRX vs. USBLX - Dividend Comparison

RSGRX's dividend yield for the trailing twelve months is around 5.15%, more than USBLX's 2.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSGRX Victory RS Growth Fund	5.15%	5.25%	7.52%	0.15%	2.33%	9.08%	9.19%	10.65%	16.93%	5.16%	8.44%	7.02%
USBLX USAA Growth and Tax Strategy Fund	2.26%	1.96%	2.28%	2.11%	1.74%	1.66%	1.88%	1.95%	2.73%	2.16%	2.31%	2.69%

Frequently Asked Questions

Can I hold both RSGRX and USBLX in my portfolio?

With a correlation of 0.90, RSGRX and USBLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, RSGRX or USBLX?

RSGRX has higher volatility (6.43%) compared to USBLX (1.88%). In terms of maximum drawdown, RSGRX dropped -60.95% vs USBLX's -33.49%.

Which has better risk-adjusted returns?

USBLX currently has the higher Sharpe Ratio (1.86 vs 0.51), 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.