UCAGX vs. TIBIX

Last updated Aug 5, 2026

UCAGX (USAA Cornerstone Aggressive Fund) and TIBIX (Thornburg Investment Income Builder Fund Class I) are both Diversified Portfolio funds. Over the past 10 years, UCAGX returned 9.11%/yr vs 12.43%/yr for TIBIX. Their correlation of 0.83 means they have usually moved in the same direction. UCAGX charges 1.24%/yr vs 0.88%/yr for TIBIX.

Performance

UCAGX vs. TIBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USAA Cornerstone Aggressive Fund (UCAGX) and Thornburg Investment Income Builder Fund Class I (TIBIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UCAGX achieves a 11.76% return, which is significantly lower than TIBIX's 18.62% return. Over the past 10 years, UCAGX has underperformed TIBIX with an annualized return of 9.11%, while TIBIX has yielded a comparatively higher 12.43% annualized return.

UCAGX

• 1D: 0.83%
• 1M: 1.38%
• 6M: 8.47%
• YTD: 11.76%
• 1Y: 21.59%
• 3Y*: 15.65%
• 5Y*: 8.56%
• 10Y*: 9.11%
• ALL TIME*: 8.34%

TIBIX

• 1D: -0.36%
• 1M: 2.62%
• 6M: 10.25%
• YTD: 18.62%
• 1Y: 33.68%
• 3Y*: 25.79%
• 5Y*: 16.69%
• 10Y*: 12.43%
• ALL TIME*: 10.04%

*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)
TIBIX Thornburg Investment Income Builder Fund Class I	$0.00	$0.00	$0.00
UCAGX USAA Cornerstone Aggressive Fund	$0.00	$0.00	$0.00

UCAGX vs. TIBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UCAGX USAA Cornerstone Aggressive Fund	11.76%	19.22%	10.43%	14.37%	-13.55%	16.23%	9.48%	19.96%	-9.34%	17.91%
TIBIX Thornburg Investment Income Builder Fund Class I	18.62%	37.01%	13.48%	18.28%	-7.69%	20.36%	-0.40%	18.01%	-4.31%	15.23%

Correlation

The correlation between UCAGX and TIBIX is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.60
Correlation (3Y) Balances recent behavior with more history.	0.71
Correlation (5Y) Shows whether the relationship held over a longer period.	0.78
Correlation (10Y) Provides a long-term view across more market conditions.	0.81
Correlation (All Time) Calculated using the full available price history since Jun 13, 2012	0.83

Over the past year, the correlation between UCAGX and TIBIX has dropped to 0.60 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.

Return for Risk

UCAGX vs. TIBIX — Risk / Return Rank

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

UCAGX

UCAGX Risk / Return Rank: 81
UCAGX Sharpe Ratio Rank: 81
UCAGX Sortino Ratio Rank: 78
UCAGX Omega Ratio Rank: 76
UCAGX Calmar Ratio Rank: 81
UCAGX Martin Ratio Rank: 88

TIBIX

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

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.

UCAGX vs. TIBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USAA Cornerstone Aggressive Fund (UCAGX) and Thornburg Investment Income Builder Fund Class I (TIBIX). 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	TIBIX	Difference
Sharpe ratio: Return per unit of total volatility	1.99	3.90	-1.91
Sortino ratio: Return per unit of downside risk	2.80	5.61	-2.82
Omega ratio: Gain probability vs. loss probability	1.36	1.75	-0.39
Calmar ratio: Return relative to maximum drawdown	2.91	6.52	-3.61
Martin ratio: Return relative to average drawdown	12.42	23.95	-11.53

UCAGX vs. TIBIX - Sharpe Ratio Comparison

The current UCAGX Sharpe Ratio is 1.99, which is lower than the TIBIX Sharpe Ratio of 3.90. The chart below compares the historical Sharpe Ratios of UCAGX and TIBIX, 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. TIBIX - Drawdown Comparison

The maximum UCAGX drawdown since its inception was -29.07%, smaller than the maximum TIBIX drawdown of -48.88%. Use the drawdown chart below to compare losses from any high point for UCAGX and TIBIX.

Drawdown Indicators

	UCAGX	TIBIX	Difference
Max Drawdown Largest peak-to-trough decline	-29.07%	-48.88%	+19.81%
Max Drawdown (1Y) Largest decline over 1 year	-8.02%	-5.39%	-2.63%
Max Drawdown (3Y) Largest decline over 3 years	-16.61%	-9.23%	-7.38%
Max Drawdown (5Y) Largest decline over 5 years	-25.37%	-20.79%	-4.58%
Max Drawdown (10Y) Largest decline over 10 years	-29.07%	-34.85%	+5.78%
Current Drawdown Current decline from peak	0.00%	-0.36%	+0.36%
Average Drawdown Average peak-to-trough decline	-4.85%	-5.92%	+1.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	1.46%	+0.41%

Volatility

UCAGX vs. TIBIX - Volatility Comparison

USAA Cornerstone Aggressive Fund (UCAGX) has a higher volatility of 3.21% compared to Thornburg Investment Income Builder Fund Class I (TIBIX) at 2.23%. This indicates that UCAGX's price experiences larger fluctuations and is considered to be riskier than TIBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UCAGX	TIBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.21%	2.23%	+0.98%
Volatility (6M) Calculated over the trailing 6-month period	9.76%	7.30%	+2.46%
Volatility (1Y) Calculated over the trailing 1-year period	11.72%	9.01%	+2.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.27%	11.16%	+3.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.16%	13.42%	+0.74%

UCAGX vs. TIBIX - Expense Ratio Comparison

UCAGX has a 1.24% expense ratio, which is higher than TIBIX's 0.88% expense ratio.

Dividends

UCAGX vs. TIBIX - Dividend Comparison

UCAGX's dividend yield for the trailing twelve months is around 9.88%, more than TIBIX's 5.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TIBIX Thornburg Investment Income Builder Fund Class I	5.07%	5.83%	5.67%	4.89%	5.89%	5.33%	4.31%	4.46%	4.77%	4.52%	4.14%	4.66%
UCAGX USAA Cornerstone Aggressive Fund	9.88%	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 TIBIX in my portfolio?

UCAGX and TIBIX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UCAGX or TIBIX?

UCAGX has higher volatility (3.21%) compared to TIBIX (2.23%). In terms of maximum drawdown, UCAGX dropped -29.07% vs TIBIX's -48.88%.

Which has better risk-adjusted returns?

TIBIX currently has the higher Sharpe Ratio (3.90 vs 1.99), 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.