RSVAX vs. USAAX

Last updated Jun 5, 2026

RSVAX (Victory RS Value Fund) and USAAX (USAA Growth Fund) are both mutual funds - RSVAX is a Mid Cap Value Equities fund managed by Victory, while USAAX is a Large Cap Growth Equities fund managed by Victory. Over the past 10 years, RSVAX returned 9.12%/yr vs 15.49%/yr for USAAX. A 0.61 correlation means they provide meaningful diversification when combined. RSVAX charges 1.30%/yr vs 0.84%/yr for USAAX.

Performance

RSVAX vs. USAAX - Performance Comparison

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

Returns By Period

In the year-to-date period, RSVAX achieves a 5.88% return, which is significantly higher than USAAX's 3.32% return. Over the past 10 years, RSVAX has underperformed USAAX with an annualized return of 9.12%, while USAAX has yielded a comparatively higher 15.49% annualized return.

RSVAX

• 1D: -0.08%
• 1M: -0.86%
• YTD: 5.88%
• 6M: 5.72%
• 1Y: 12.13%
• 3Y*: 10.35%
• 5Y*: 6.14%
• 10Y*: 9.12%

USAAX

• 1D: -1.45%
• 1M: 3.30%
• YTD: 3.32%
• 6M: 2.91%
• 1Y: 18.14%
• 3Y*: 22.37%
• 5Y*: 12.08%
• 10Y*: 15.49%

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

RSVAX vs. USAAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RSVAX Victory RS Value Fund	5.88%	4.58%	12.58%	7.63%	-2.98%	27.30%	-2.60%	31.36%	-10.84%	17.37%
USAAX USAA Growth Fund	3.32%	16.68%	32.82%	48.39%	-32.49%	16.97%	37.07%	27.62%	-4.33%	28.44%

Correlation

The correlation between RSVAX and USAAX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jan 4, 1994	0.61

Over the past year, the correlation between RSVAX and USAAX has dropped to 0.38 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.

Return for Risk

RSVAX vs. USAAX — Risk / Return Rank

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

RSVAX

RSVAX Risk / Return Rank: 16
RSVAX Sharpe Ratio Rank: 14
RSVAX Sortino Ratio Rank: 14
RSVAX Omega Ratio Rank: 13
RSVAX Calmar Ratio Rank: 18
RSVAX Martin Ratio Rank: 20

USAAX

USAAX Risk / Return Rank: 15
USAAX Sharpe Ratio Rank: 17
USAAX Sortino Ratio Rank: 16
USAAX Omega Ratio Rank: 16
USAAX Calmar Ratio Rank: 12
USAAX Martin Ratio Rank: 13

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.

RSVAX vs. USAAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory RS Value Fund (RSVAX) and USAA Growth Fund (USAAX). 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.

	RSVAX	USAAX	Difference
Sharpe ratio: Return per unit of total volatility	0.99	1.19	-0.20
Sortino ratio: Return per unit of downside risk	1.49	1.68	-0.19
Omega ratio: Gain probability vs. loss probability	1.17	1.21	-0.04
Calmar ratio: Return relative to maximum drawdown	1.51	1.11	+0.40
Martin ratio: Return relative to average drawdown	5.15	3.68	+1.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSVAX vs. USAAX - Sharpe Ratio Comparison

The current RSVAX Sharpe Ratio is 0.99, which is comparable to the USAAX Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of RSVAX and USAAX, 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

	RSVAX	USAAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	1.19	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.34	0.51	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.70	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.50	-0.10

Drawdowns

RSVAX vs. USAAX - Drawdown Comparison

The maximum RSVAX drawdown since its inception was -59.23%, smaller than the maximum USAAX drawdown of -66.79%. Use the drawdown chart below to compare losses from any high point for RSVAX and USAAX.

Drawdown Indicators

	RSVAX	USAAX	Difference
Max Drawdown Largest peak-to-trough decline	-59.23%	-66.79%	+7.56%
Max Drawdown (1Y) Largest decline over 1 year	-7.81%	-16.92%	+9.11%
Max Drawdown (3Y) Largest decline over 3 years	-17.98%	-29.85%	+11.87%
Max Drawdown (5Y) Largest decline over 5 years	-23.58%	-41.75%	+18.17%
Max Drawdown (10Y) Largest decline over 10 years	-43.49%	-41.75%	-1.74%
Current Drawdown Current decline from peak	-2.27%	-2.55%	+0.28%
Average Drawdown Average peak-to-trough decline	-13.81%	-18.82%	+5.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	5.08%	-2.80%

Volatility

RSVAX vs. USAAX - Volatility Comparison

The current volatility for Victory RS Value Fund (RSVAX) is 3.01%, while USAA Growth Fund (USAAX) has a volatility of 4.04%. This indicates that RSVAX experiences smaller price fluctuations and is considered to be less risky than USAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSVAX	USAAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	4.04%	-1.03%
Volatility (6M) Calculated over the trailing 6-month period	8.42%	11.82%	-3.40%
Volatility (1Y) Calculated over the trailing 1-year period	11.91%	15.76%	-3.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.10%	24.00%	-5.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.20%	22.10%	-2.90%

RSVAX vs. USAAX - Expense Ratio Comparison

RSVAX has a 1.30% expense ratio, which is higher than USAAX's 0.84% expense ratio.

Dividends

RSVAX vs. USAAX - Dividend Comparison

RSVAX's dividend yield for the trailing twelve months is around 8.34%, less than USAAX's 10.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSVAX Victory RS Value Fund	8.34%	8.83%	9.89%	6.48%	6.33%	14.14%	1.93%	7.38%	15.47%	25.04%	12.47%	9.35%
USAAX USAA Growth Fund	10.28%	10.62%	10.47%	6.54%	6.98%	10.34%	4.33%	26.15%	13.67%	2.47%	5.27%	6.92%

Frequently Asked Questions

Can I hold both RSVAX and USAAX in my portfolio?

RSVAX and USAAX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSVAX or USAAX?

USAAX has higher volatility (4.04%) compared to RSVAX (3.01%). In terms of maximum drawdown, RSVAX dropped -59.23% vs USAAX's -66.79%.

Which has better risk-adjusted returns?

USAAX currently has the higher Sharpe Ratio (1.19 vs 0.99), 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.