SBFCX vs. USAUX
SBFCX (Victory INCORE Investment Grade Convertible Fund Class A) and USAUX (USAA Aggressive Growth Fund) are both mutual funds - SBFCX is a Convertible Bonds fund managed by Victory, while USAUX is a Large Cap Growth Equities fund managed by Victory. Over the past 10 years, SBFCX returned 7.22%/yr vs 14.94%/yr for USAUX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. SBFCX charges 1.39%/yr vs 0.63%/yr for USAUX.
Performance
SBFCX vs. USAUX - Performance Comparison
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Returns By Period
In the year-to-date period, SBFCX achieves a 3.98% return, which is significantly higher than USAUX's 2.72% return. Over the past 10 years, SBFCX has underperformed USAUX with an annualized return of 7.22%, while USAUX has yielded a comparatively higher 14.94% annualized return.
SBFCX
- 1D
- 0.59%
- 1M
- -0.95%
- 6M
- 3.13%
- YTD
- 3.98%
- 1Y
- 5.86%
- 3Y*
- 6.96%
- 5Y*
- 3.18%
- 10Y*
- 7.22%
- ALL TIME*
- 6.69%
USAUX
- 1D
- 1.41%
- 1M
- -1.04%
- 6M
- 3.66%
- YTD
- 2.72%
- 1Y
- 9.43%
- 3Y*
- 20.11%
- 5Y*
- 9.44%
- 10Y*
- 14.94%
- ALL TIME*
- 9.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SBFCX vs. USAUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SBFCX Victory INCORE Investment Grade Convertible Fund Class A | 3.98% | 5.07% | 9.48% | 7.98% | -11.63% | 10.90% | 11.35% | 19.84% | -0.44% | 18.47% |
USAUX USAA Aggressive Growth Fund | 2.72% | 16.98% | 33.63% | 48.36% | -35.30% | 16.68% | 41.82% | 23.23% | -0.75% | 30.12% |
Correlation
The correlation between SBFCX and USAUX is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1990 | 0.75 |
Over the past year, the correlation between SBFCX and USAUX has dropped to 0.45 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
SBFCX vs. USAUX — Risk / Return Rank
SBFCX
USAUX
SBFCX vs. USAUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Victory INCORE Investment Grade Convertible Fund Class A (SBFCX) and USAA Aggressive Growth Fund (USAUX). 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.
| SBFCX | USAUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.08 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 0.43 | +0.83 |
| Martin ratioReturn relative to average drawdown | 4.28 | 1.25 | +3.02 |
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Drawdowns
SBFCX vs. USAUX - Drawdown Comparison
The maximum SBFCX drawdown since its inception was -47.88%, smaller than the maximum USAUX drawdown of -76.19%. Use the drawdown chart below to compare losses from any high point for SBFCX and USAUX.
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Drawdown Indicators
| SBFCX | USAUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.88% | -76.19% | +28.31% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -17.09% | +12.81% |
Max Drawdown (3Y)Largest decline over 3 years | -8.68% | -25.97% | +17.29% |
Max Drawdown (5Y)Largest decline over 5 years | -15.06% | -43.84% | +28.78% |
Max Drawdown (10Y)Largest decline over 10 years | -23.79% | -43.84% | +20.05% |
Current DrawdownCurrent decline from peak | -2.34% | -6.71% | +4.37% |
Average DrawdownAverage peak-to-trough decline | -6.00% | -26.64% | +20.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 5.81% | -4.56% |
Volatility
SBFCX vs. USAUX - Volatility Comparison
The current volatility for Victory INCORE Investment Grade Convertible Fund Class A (SBFCX) is 1.53%, while USAA Aggressive Growth Fund (USAUX) has a volatility of 5.35%. This indicates that SBFCX experiences smaller price fluctuations and is considered to be less risky than USAUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBFCX | USAUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 5.35% | -3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 5.13% | 13.86% | -8.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.42% | 17.75% | -11.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.22% | 24.59% | -16.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.52% | 22.94% | -13.42% |
SBFCX vs. USAUX - Expense Ratio Comparison
SBFCX has a 1.39% expense ratio, which is higher than USAUX's 0.63% expense ratio.
Dividends
SBFCX vs. USAUX - Dividend Comparison
SBFCX's dividend yield for the trailing twelve months is around 3.12%, less than USAUX's 4.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SBFCX Victory INCORE Investment Grade Convertible Fund Class A | 3.12% | 4.35% | 1.87% | 2.84% | 2.19% | 9.86% | 4.88% | 4.94% | 5.66% | 3.13% | 1.38% | 2.53% |
USAUX USAA Aggressive Growth Fund | 4.31% | 4.43% | 5.15% | 0.00% | 2.37% | 11.36% | 0.18% | 20.25% | 18.58% | 9.19% | 7.42% | 6.80% |
Frequently Asked Questions
SBFCX and USAUX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USAUX has higher volatility (5.35%) compared to SBFCX (1.53%). In terms of maximum drawdown, SBFCX dropped -47.88% vs USAUX's -76.19%.
SBFCX currently has the higher Sharpe Ratio (0.84 vs 0.41), 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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