UCEQX vs. FXAIX
Compare and contrast key facts about USAA Cornerstone Equity Fund (UCEQX) and Fidelity 500 Index Fund (FXAIX).
UCEQX is managed by Victory Capital. It was launched on Jun 7, 2012. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UCEQX or FXAIX.
Key characteristics
| UCEQX | FXAIX | |
|---|---|---|
| YTD Return | 14.00% | 18.98% |
| 1Y Return | 22.80% | 28.29% |
| 3Y Return (Ann) | 5.64% | 9.93% |
| 5Y Return (Ann) | 10.08% | 15.32% |
| 10Y Return (Ann) | 7.71% | 12.96% |
| Sharpe Ratio | 1.88 | 2.20 |
| Daily Std Dev | 12.11% | 12.70% |
| Max Drawdown | -35.33% | -33.79% |
| Current Drawdown | -0.78% | -0.61% |
Correlation
The correlation between UCEQX and FXAIX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
UCEQX vs. FXAIX - Performance Comparison
In the year-to-date period, UCEQX achieves a 14.00% return, which is significantly lower than FXAIX's 18.98% return. Over the past 10 years, UCEQX has underperformed FXAIX with an annualized return of 7.71%, while FXAIX has yielded a comparatively higher 12.96% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
UCEQX vs. FXAIX - Expense Ratio Comparison
UCEQX has a 0.09% expense ratio, which is higher than FXAIX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
UCEQX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Cornerstone Equity Fund (UCEQX) and Fidelity 500 Index Fund (FXAIX). 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.
Dividends
UCEQX vs. FXAIX - Dividend Comparison
UCEQX's dividend yield for the trailing twelve months is around 4.47%, more than FXAIX's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UCEQX USAA Cornerstone Equity Fund | 4.47% | 5.10% | 6.80% | 4.61% | 8.25% | 4.79% | 6.73% | 1.91% | 3.16% | 3.63% | 2.09% | 1.70% |
FXAIX Fidelity 500 Index Fund | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
UCEQX vs. FXAIX - Drawdown Comparison
The maximum UCEQX drawdown since its inception was -35.33%, roughly equal to the maximum FXAIX drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for UCEQX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
UCEQX vs. FXAIX - Volatility Comparison
The current volatility for USAA Cornerstone Equity Fund (UCEQX) is 3.37%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.99%. This indicates that UCEQX experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.