TMPFX vs. UUSTX

Last updated Aug 4, 2026

TMPFX (Tactical Multi-Purpose Fund) and UUSTX (USAA Ultra Short-Term Bond Fund) are both Ultrashort Bond funds. Over the past 5 years, TMPFX returned 2.83%/yr vs 3.57%/yr for UUSTX. Their -0.04 correlation means they have often moved in opposite directions in the past. TMPFX charges 1.14%/yr vs 0.62%/yr for UUSTX.

Performance

TMPFX vs. UUSTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tactical Multi-Purpose Fund (TMPFX) and USAA Ultra Short-Term Bond Fund (UUSTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TMPFX achieves a 2.23% return, which is significantly higher than UUSTX's 1.75% return.

TMPFX

• 1D: 0.10%
• 1M: 0.40%
• 6M: 2.02%
• YTD: 2.23%
• 1Y: 3.71%
• 3Y*: 3.96%
• 5Y*: 2.83%
• 10Y*: —
• ALL TIME*: 1.51%

UUSTX

• 1D: 0.00%
• 1M: -0.10%
• 6M: 1.38%
• YTD: 1.75%
• 1Y: 3.86%
• 3Y*: 5.26%
• 5Y*: 3.57%
• 10Y*: 2.95%
• ALL TIME*: 2.38%

*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)
TMPFX Tactical Multi-Purpose Fund	$0.00	$0.00	$0.00
UUSTX USAA Ultra Short-Term Bond Fund	$0.00	$0.00	$0.00

TMPFX vs. UUSTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
TMPFX Tactical Multi-Purpose Fund	2.23%	3.71%	4.26%	3.90%	0.51%	-0.91%	-0.60%	0.30%	-0.30%
UUSTX USAA Ultra Short-Term Bond Fund	1.75%	5.25%	6.20%	5.57%	-0.69%	0.78%	3.00%	4.37%	1.58%

Correlation

The correlation between TMPFX and UUSTX is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.01
Correlation (3Y) Balances recent behavior with more history.	-0.01
Correlation (5Y) Shows whether the relationship held over a longer period.	-0.02
Correlation (All Time) Calculated using the full available price history since Jan 5, 2018	-0.04

Return for Risk

TMPFX vs. UUSTX — Risk / Return Rank

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

TMPFX

TMPFX Risk / Return Rank: 100
TMPFX Sharpe Ratio Rank: 100
TMPFX Sortino Ratio Rank: 100
TMPFX Omega Ratio Rank: 100
TMPFX Calmar Ratio Rank: 100
TMPFX Martin Ratio Rank: 100

UUSTX

UUSTX Risk / Return Rank: 98
UUSTX Sharpe Ratio Rank: 97
UUSTX Sortino Ratio Rank: 99
UUSTX Omega Ratio Rank: 99
UUSTX Calmar Ratio Rank: 98
UUSTX Martin Ratio Rank: 99

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.

TMPFX vs. UUSTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tactical Multi-Purpose Fund (TMPFX) and USAA Ultra Short-Term Bond Fund (UUSTX). 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.

	TMPFX	UUSTX	Difference
Sharpe ratio: Return per unit of total volatility	6.25	2.79	+3.46
Sortino ratio: Return per unit of downside risk	21.79	7.72	+14.07
Omega ratio: Gain probability vs. loss probability	13.56	2.51	+11.04
Calmar ratio: Return relative to maximum drawdown	38.39	6.70	+31.69
Martin ratio: Return relative to average drawdown	305.20	31.62	+273.59

TMPFX vs. UUSTX - Sharpe Ratio Comparison

The current TMPFX Sharpe Ratio is 6.25, which is higher than the UUSTX Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of TMPFX and UUSTX, 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

TMPFX vs. UUSTX - Drawdown Comparison

The maximum TMPFX drawdown since its inception was -3.52%, smaller than the maximum UUSTX drawdown of -7.34%. Use the drawdown chart below to compare losses from any high point for TMPFX and UUSTX.

Drawdown Indicators

	TMPFX	UUSTX	Difference
Max Drawdown Largest peak-to-trough decline	-3.52%	-7.34%	+3.82%
Max Drawdown (1Y) Largest decline over 1 year	-0.10%	-0.59%	+0.49%
Max Drawdown (3Y) Largest decline over 3 years	-3.52%	-0.59%	-2.93%
Max Drawdown (5Y) Largest decline over 5 years	-3.52%	-2.53%	-0.99%
Max Drawdown (10Y) Largest decline over 10 years	—	-7.34%	—
Current Drawdown Current decline from peak	0.00%	-0.10%	+0.10%
Average Drawdown Average peak-to-trough decline	-0.64%	-0.26%	-0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	0.13%	-0.12%

Volatility

TMPFX vs. UUSTX - Volatility Comparison

Tactical Multi-Purpose Fund (TMPFX) and USAA Ultra Short-Term Bond Fund (UUSTX) have volatilities of 0.27% and 0.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TMPFX	UUSTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.27%	0.27%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	0.48%	1.07%	-0.59%
Volatility (1Y) Calculated over the trailing 1-year period	0.61%	1.48%	-0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.34%	1.52%	+0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.80%	1.51%	+0.29%

TMPFX vs. UUSTX - Expense Ratio Comparison

TMPFX has a 1.14% expense ratio, which is higher than UUSTX's 0.62% expense ratio.

Dividends

TMPFX vs. UUSTX - Dividend Comparison

TMPFX's dividend yield for the trailing twelve months is around 3.73%, less than UUSTX's 4.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TMPFX Tactical Multi-Purpose Fund	3.73%	3.81%	4.15%	3.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UUSTX USAA Ultra Short-Term Bond Fund	4.08%	4.81%	5.30%	3.87%	2.01%	0.87%	2.10%	2.66%	2.38%	1.60%	1.31%	1.33%

Frequently Asked Questions

Can I hold both TMPFX and UUSTX in my portfolio?

TMPFX and UUSTX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TMPFX or UUSTX?

UUSTX has higher volatility (0.27%) compared to TMPFX (0.27%). In terms of maximum drawdown, TMPFX dropped -3.52% vs UUSTX's -7.34%.

Which has better risk-adjusted returns?

TMPFX currently has the higher Sharpe Ratio (6.25 vs 2.79), 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.