UCAGX vs. IOEZX
UCAGX (USAA Cornerstone Aggressive Fund) and IOEZX (ICON Equity Income Fund) are both Diversified Portfolio funds. Over the past 10 years, UCAGX returned 9.53%/yr vs 8.86%/yr for IOEZX. Their correlation of 0.81 suggests significant overlap in exposure. UCAGX charges 1.24%/yr vs 1.00%/yr for IOEZX.
Performance
UCAGX vs. IOEZX - Performance Comparison
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Returns By Period
In the year-to-date period, UCAGX achieves a 9.32% return, which is significantly lower than IOEZX's 13.95% return. Over the past 10 years, UCAGX has outperformed IOEZX with an annualized return of 9.53%, while IOEZX has yielded a comparatively lower 8.86% annualized 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%
IOEZX
- 1D
- 0.25%
- 1M
- -1.18%
- YTD
- 13.95%
- 6M
- 13.09%
- 1Y
- 27.63%
- 3Y*
- 12.86%
- 5Y*
- 5.10%
- 10Y*
- 8.86%
UCAGX vs. IOEZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UCAGX USAA Cornerstone Aggressive Fund | 9.32% | 19.22% | 10.43% | 14.37% | -13.55% | 16.23% | 9.48% | 19.96% | -9.34% | 17.91% |
IOEZX ICON Equity Income Fund | 13.95% | 14.29% | 6.12% | 3.82% | -13.56% | 24.15% | 3.16% | 27.70% | -10.11% | 13.59% |
Correlation
The correlation between UCAGX and IOEZX is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2012 | 0.81 |
The correlation between UCAGX and IOEZX shifts across timeframes, from 0.62 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UCAGX vs. IOEZX — Risk / Return Rank
UCAGX
IOEZX
UCAGX vs. IOEZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Cornerstone Aggressive Fund (UCAGX) and ICON Equity Income Fund (IOEZX). 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 | IOEZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 3.96 | -1.23 |
| Martin ratioReturn relative to average drawdown | 11.79 | 14.42 | -2.63 |
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Drawdowns
UCAGX vs. IOEZX - Drawdown Comparison
The maximum UCAGX drawdown since its inception was -29.07%, smaller than the maximum IOEZX drawdown of -56.15%. Use the drawdown chart below to compare losses from any high point for UCAGX and IOEZX.
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Drawdown Indicators
| UCAGX | IOEZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.07% | -56.15% | +27.08% |
Max Drawdown (1Y)Largest decline over 1 year | -8.02% | -6.77% | -1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -16.61% | -13.95% | -2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -25.37% | -21.47% | -3.90% |
Max Drawdown (10Y)Largest decline over 10 years | -29.07% | -38.12% | +9.05% |
Current DrawdownCurrent decline from peak | -1.78% | -2.10% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -8.56% | +3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 1.86% | 0.00% |
Volatility
UCAGX vs. IOEZX - Volatility Comparison
USAA Cornerstone Aggressive Fund (UCAGX) has a higher volatility of 4.79% compared to ICON Equity Income Fund (IOEZX) at 3.63%. This indicates that UCAGX's price experiences larger fluctuations and is considered to be riskier than IOEZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCAGX | IOEZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 3.63% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 9.54% | 8.98% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.47% | 12.20% | -0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.24% | 13.78% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.16% | 16.46% | -2.30% |
UCAGX vs. IOEZX - Expense Ratio Comparison
UCAGX has a 1.24% expense ratio, which is higher than IOEZX's 1.00% expense ratio.
Dividends
UCAGX vs. IOEZX - Dividend Comparison
UCAGX's dividend yield for the trailing twelve months is around 10.10%, more than IOEZX's 2.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IOEZX ICON Equity Income Fund | 2.97% | 3.56% | 4.32% | 3.75% | 13.63% | 12.92% | 3.68% | 4.74% | 3.80% | 3.13% | 3.32% | 4.24% |
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
UCAGX and IOEZX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCAGX has higher volatility (4.79%) compared to IOEZX (3.63%). In terms of maximum drawdown, UCAGX dropped -29.07% vs IOEZX's -56.15%.
IOEZX currently has the higher Sharpe Ratio (2.20 vs 1.92), 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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