RSGRX vs. USNQX

Last updated Jun 5, 2026

RSGRX (Victory RS Growth Fund) and USNQX (USAA Nasdaq 100 Index Fund) are both Large Cap Growth Equities funds from Victory. Over the past 10 years, RSGRX returned 15.91%/yr vs 21.64%/yr for USNQX. Their correlation of 0.92 suggests significant overlap in exposure. RSGRX charges 1.10%/yr vs 0.42%/yr for USNQX.

Performance

RSGRX vs. USNQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victory RS Growth Fund (RSGRX) and USAA Nasdaq 100 Index Fund (USNQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSGRX achieves a 8.35% return, which is significantly lower than USNQX's 21.19% return. Over the past 10 years, RSGRX has underperformed USNQX with an annualized return of 15.91%, while USNQX has yielded a comparatively higher 21.64% annualized return.

RSGRX

• 1D: -1.39%
• 1M: 5.36%
• YTD: 8.35%
• 6M: 7.42%
• 1Y: 25.61%
• 3Y*: 25.22%
• 5Y*: 13.66%
• 10Y*: 15.91%

USNQX

• 1D: -0.29%
• 1M: 9.17%
• YTD: 21.19%
• 6M: 19.57%
• 1Y: 41.10%
• 3Y*: 28.54%
• 5Y*: 17.67%
• 10Y*: 21.64%

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

RSGRX vs. USNQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSGRX Victory RS Growth Fund	8.35%	18.04%	34.38%	44.65%	-33.32%	19.64%	35.74%	29.83%	-7.06%	31.76%
USNQX USAA Nasdaq 100 Index Fund	21.19%	20.52%	25.42%	54.46%	-32.71%	26.82%	48.31%	38.86%	-0.43%	32.30%

Correlation

The correlation between RSGRX and USNQX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Oct 30, 2000	0.92

The correlation between RSGRX and USNQX has been stable across timeframes, ranging from 0.92 to 0.97 - a consistent structural relationship.

Return for Risk

RSGRX vs. USNQX — Risk / Return Rank

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

RSGRX

RSGRX Risk / Return Rank: 27
RSGRX Sharpe Ratio Rank: 33
RSGRX Sortino Ratio Rank: 30
RSGRX Omega Ratio Rank: 30
RSGRX Calmar Ratio Rank: 20
RSGRX Martin Ratio Rank: 23

USNQX

USNQX Risk / Return Rank: 70
USNQX Sharpe Ratio Rank: 78
USNQX Sortino Ratio Rank: 65
USNQX Omega Ratio Rank: 63
USNQX Calmar Ratio Rank: 77
USNQX Martin Ratio Rank: 69

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.

RSGRX vs. USNQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory RS Growth Fund (RSGRX) and USAA Nasdaq 100 Index Fund (USNQX). 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.

	RSGRX	USNQX	Difference
Sharpe ratio: Return per unit of total volatility	1.64	2.59	-0.96
Sortino ratio: Return per unit of downside risk	2.25	3.39	-1.15
Omega ratio: Gain probability vs. loss probability	1.29	1.44	-0.16
Calmar ratio: Return relative to maximum drawdown	1.60	3.45	-1.85
Martin ratio: Return relative to average drawdown	5.62	13.21	-7.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSGRX vs. USNQX - Sharpe Ratio Comparison

The current RSGRX Sharpe Ratio is 1.64, which is lower than the USNQX Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of RSGRX and USNQX, 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

	RSGRX	USNQX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.64	2.59	-0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.78	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.96	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.37	+0.15

Drawdowns

RSGRX vs. USNQX - Drawdown Comparison

The maximum RSGRX drawdown since its inception was -60.95%, smaller than the maximum USNQX drawdown of -76.24%. Use the drawdown chart below to compare losses from any high point for RSGRX and USNQX.

Drawdown Indicators

	RSGRX	USNQX	Difference
Max Drawdown Largest peak-to-trough decline	-60.95%	-76.24%	+15.29%
Max Drawdown (1Y) Largest decline over 1 year	-16.50%	-12.07%	-4.43%
Max Drawdown (3Y) Largest decline over 3 years	-24.35%	-22.88%	-1.47%
Max Drawdown (5Y) Largest decline over 5 years	-40.29%	-36.95%	-3.34%
Max Drawdown (10Y) Largest decline over 10 years	-40.29%	-36.95%	-3.34%
Current Drawdown Current decline from peak	-1.83%	-0.29%	-1.54%
Average Drawdown Average peak-to-trough decline	-14.36%	-26.75%	+12.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.70%	3.15%	+1.55%

Volatility

RSGRX vs. USNQX - Volatility Comparison

The current volatility for Victory RS Growth Fund (RSGRX) is 3.94%, while USAA Nasdaq 100 Index Fund (USNQX) has a volatility of 4.53%. This indicates that RSGRX experiences smaller price fluctuations and is considered to be less risky than USNQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSGRX	USNQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	4.53%	-0.59%
Volatility (6M) Calculated over the trailing 6-month period	12.28%	12.19%	+0.09%
Volatility (1Y) Calculated over the trailing 1-year period	16.17%	16.09%	+0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.24%	22.90%	+0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.44%	22.66%	-0.22%

RSGRX vs. USNQX - Expense Ratio Comparison

RSGRX has a 1.10% expense ratio, which is higher than USNQX's 0.42% expense ratio.

Dividends

RSGRX vs. USNQX - Dividend Comparison

RSGRX's dividend yield for the trailing twelve months is around 4.84%, more than USNQX's 2.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSGRX Victory RS Growth Fund	4.84%	5.25%	7.52%	0.15%	2.33%	9.08%	9.19%	10.65%	16.93%	5.16%	8.44%	7.02%
USNQX USAA Nasdaq 100 Index Fund	2.49%	3.01%	2.19%	2.60%	4.13%	4.48%	1.53%	0.88%	0.69%	1.97%	0.50%	2.73%

Frequently Asked Questions

Can I hold both RSGRX and USNQX in my portfolio?

With a correlation of 0.94, RSGRX and USNQX 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 USNQX?

USNQX has higher volatility (4.53%) compared to RSGRX (3.94%). In terms of maximum drawdown, RSGRX dropped -60.95% vs USNQX's -76.24%.

Which has better risk-adjusted returns?

USNQX currently has the higher Sharpe Ratio (2.59 vs 1.64), 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.