UCAGX vs. FNILX

Last updated Jun 26, 2026

UCAGX (USAA Cornerstone Aggressive Fund) and FNILX (Fidelity ZERO Large Cap Index Fund) are both mutual funds - UCAGX is a Diversified Portfolio fund managed by Victory, while FNILX is a Large Cap Blend Equities fund managed by Fidelity. Over the past 5 years, UCAGX returned 8.24%/yr vs 12.76%/yr for FNILX. Their correlation of 0.92 suggests significant overlap in exposure. UCAGX charges 1.24%/yr vs 0.00%/yr for FNILX.

Performance

UCAGX vs. FNILX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USAA Cornerstone Aggressive Fund (UCAGX) and Fidelity ZERO Large Cap Index Fund (FNILX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UCAGX achieves a 9.32% return, which is significantly higher than FNILX's 7.91% return.

UCAGX

• 1D: -0.06%
• 1M: -0.36%
• YTD: 9.32%
• 6M: 8.32%
• 1Y: 22.10%
• 3Y*: 15.88%
• 5Y*: 8.24%
• 10Y*: 9.53%

FNILX

• 1D: -0.11%
• 1M: -1.90%
• YTD: 7.91%
• 6M: 6.60%
• 1Y: 21.82%
• 3Y*: 21.02%
• 5Y*: 12.76%
• 10Y*: —

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

UCAGX vs. FNILX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
UCAGX USAA Cornerstone Aggressive Fund	9.32%	19.22%	10.43%	14.37%	-13.55%	16.23%	9.48%	19.96%	-10.73%
FNILX Fidelity ZERO Large Cap Index Fund	7.91%	17.81%	25.47%	27.45%	-19.37%	26.67%	21.13%	31.79%	-13.60%

Correlation

The correlation between UCAGX and FNILX 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	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Sep 28, 2018	0.92

The correlation between UCAGX and FNILX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

Return for Risk

UCAGX vs. FNILX — Risk / Return Rank

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

UCAGX

UCAGX Risk / Return Rank: 66
UCAGX Sharpe Ratio Rank: 63
UCAGX Sortino Ratio Rank: 62
UCAGX Omega Ratio Rank: 61
UCAGX Calmar Ratio Rank: 68
UCAGX Martin Ratio Rank: 75

FNILX

FNILX Risk / Return Rank: 51
FNILX Sharpe Ratio Rank: 49
FNILX Sortino Ratio Rank: 46
FNILX Omega Ratio Rank: 47
FNILX Calmar Ratio Rank: 52
FNILX Martin Ratio Rank: 63

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.

UCAGX vs. FNILX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USAA Cornerstone Aggressive Fund (UCAGX) and Fidelity ZERO Large Cap Index Fund (FNILX). 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.

	UCAGX	FNILX	Difference
Sharpe ratio: Return per unit of total volatility	1.92	1.74	+0.18
Sortino ratio: Return per unit of downside risk	2.70	2.37	+0.33
Omega ratio: Gain probability vs. loss probability	1.35	1.31	+0.04
Calmar ratio: Return relative to maximum drawdown	2.74	2.43	+0.31
Martin ratio: Return relative to average drawdown	11.79	10.65	+1.15

UCAGX vs. FNILX - Sharpe Ratio Comparison

The current UCAGX Sharpe Ratio is 1.92, which is comparable to the FNILX Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of UCAGX and FNILX, 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

UCAGX vs. FNILX - Drawdown Comparison

The maximum UCAGX drawdown since its inception was -29.07%, smaller than the maximum FNILX drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for UCAGX and FNILX.

Drawdown Indicators

	UCAGX	FNILX	Difference
Max Drawdown Largest peak-to-trough decline	-29.07%	-33.76%	+4.69%
Max Drawdown (1Y) Largest decline over 1 year	-8.02%	-9.01%	+0.99%
Max Drawdown (3Y) Largest decline over 3 years	-16.61%	-19.08%	+2.47%
Max Drawdown (5Y) Largest decline over 5 years	-25.37%	-25.40%	+0.03%
Max Drawdown (10Y) Largest decline over 10 years	-29.07%	—	—
Current Drawdown Current decline from peak	-1.78%	-3.27%	+1.49%
Average Drawdown Average peak-to-trough decline	-4.88%	-5.34%	+0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	2.05%	-0.19%

Volatility

UCAGX vs. FNILX - Volatility Comparison

USAA Cornerstone Aggressive Fund (UCAGX) and Fidelity ZERO Large Cap Index Fund (FNILX) have volatilities of 4.79% and 5.03%, 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

	UCAGX	FNILX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.79%	5.03%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	9.54%	9.96%	-0.42%
Volatility (1Y) Calculated over the trailing 1-year period	11.47%	12.65%	-1.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.24%	17.36%	-3.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.16%	20.03%	-5.87%

UCAGX vs. FNILX - Expense Ratio Comparison

UCAGX has a 1.24% expense ratio, which is higher than FNILX's 0.00% expense ratio.

Dividends

UCAGX vs. FNILX - Dividend Comparison

UCAGX's dividend yield for the trailing twelve months is around 10.10%, more than FNILX's 0.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FNILX Fidelity ZERO Large Cap Index Fund	0.94%	1.01%	1.09%	1.34%	1.53%	0.95%	1.20%	1.17%	0.53%	0.00%	0.00%	0.00%
UCAGX USAA Cornerstone Aggressive Fund	10.10%	11.04%	8.14%	1.96%	4.79%	8.52%	1.89%	2.03%	5.99%	6.74%	1.48%	2.20%

Frequently Asked Questions

Can I hold both UCAGX and FNILX in my portfolio?

With a correlation of 0.94, UCAGX and FNILX 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, UCAGX or FNILX?

FNILX has higher volatility (5.03%) compared to UCAGX (4.79%). In terms of maximum drawdown, UCAGX dropped -29.07% vs FNILX's -33.76%.

Which has better risk-adjusted returns?

UCAGX currently has the higher Sharpe Ratio (1.92 vs 1.74), 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.