UCEQX vs. GAPIX
Compare and contrast key facts about USAA Cornerstone Equity Fund (UCEQX) and Goldman Sachs Dynamic Global Equity Fund (GAPIX).
UCEQX is managed by Victory. It was launched on Jun 7, 2012. GAPIX is managed by Goldman Sachs. It was launched on Jan 1, 1998.
Performance
UCEQX vs. GAPIX - Performance Comparison
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UCEQX vs. GAPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UCEQX USAA Cornerstone Equity Fund | -3.55% | 23.71% | 14.50% | 19.36% | -16.25% | 19.68% | 10.76% | 22.49% | -12.06% | 22.59% |
GAPIX Goldman Sachs Dynamic Global Equity Fund | -5.10% | 21.72% | 24.35% | 20.67% | -18.97% | 20.53% | 13.61% | 31.78% | -11.06% | 26.49% |
Returns By Period
In the year-to-date period, UCEQX achieves a -3.55% return, which is significantly higher than GAPIX's -5.10% return. Over the past 10 years, UCEQX has underperformed GAPIX with an annualized return of 10.08%, while GAPIX has yielded a comparatively higher 11.86% annualized return.
UCEQX
- 1D
- -0.40%
- 1M
- -8.54%
- YTD
- -3.55%
- 6M
- -0.33%
- 1Y
- 19.45%
- 3Y*
- 15.80%
- 5Y*
- 8.86%
- 10Y*
- 10.08%
GAPIX
- 1D
- -0.23%
- 1M
- -9.63%
- YTD
- -5.10%
- 6M
- -1.88%
- 1Y
- 17.45%
- 3Y*
- 17.32%
- 5Y*
- 9.81%
- 10Y*
- 11.86%
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UCEQX vs. GAPIX - Expense Ratio Comparison
UCEQX has a 0.09% expense ratio, which is lower than GAPIX's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
UCEQX vs. GAPIX — Risk / Return Rank
UCEQX
GAPIX
UCEQX vs. GAPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Cornerstone Equity Fund (UCEQX) and Goldman Sachs Dynamic Global Equity Fund (GAPIX). 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.
| UCEQX | GAPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 0.99 | +0.21 |
Sortino ratioReturn per unit of downside risk | 1.74 | 1.45 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.22 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.50 | 1.10 | +0.40 |
Martin ratioReturn relative to average drawdown | 7.36 | 5.27 | +2.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UCEQX | GAPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 0.99 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.58 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.66 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.39 | +0.22 |
Correlation
The correlation between UCEQX and GAPIX is 0.97, 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.
Dividends
UCEQX vs. GAPIX - Dividend Comparison
UCEQX's dividend yield for the trailing twelve months is around 5.26%, less than GAPIX's 15.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UCEQX USAA Cornerstone Equity Fund | 5.26% | 5.08% | 2.56% | 5.10% | 6.80% | 4.61% | 8.25% | 4.79% | 6.73% | 1.91% | 3.16% | 3.63% |
GAPIX Goldman Sachs Dynamic Global Equity Fund | 15.26% | 14.49% | 14.79% | 5.27% | 6.66% | 12.60% | 2.64% | 10.09% | 2.88% | 2.33% | 1.56% | 1.39% |
Drawdowns
UCEQX vs. GAPIX - Drawdown Comparison
The maximum UCEQX drawdown since its inception was -35.33%, smaller than the maximum GAPIX drawdown of -58.36%. Use the drawdown chart below to compare losses from any high point for UCEQX and GAPIX.
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Drawdown Indicators
| UCEQX | GAPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.33% | -58.36% | +23.03% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -13.26% | +1.51% |
Max Drawdown (5Y)Largest decline over 5 years | -25.24% | -31.13% | +5.89% |
Max Drawdown (10Y)Largest decline over 10 years | -35.33% | -36.31% | +0.98% |
Current DrawdownCurrent decline from peak | -8.96% | -10.22% | +1.26% |
Average DrawdownAverage peak-to-trough decline | -4.92% | -11.43% | +6.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 2.88% | -0.48% |
Volatility
UCEQX vs. GAPIX - Volatility Comparison
The current volatility for USAA Cornerstone Equity Fund (UCEQX) is 4.96%, while Goldman Sachs Dynamic Global Equity Fund (GAPIX) has a volatility of 5.44%. This indicates that UCEQX experiences smaller price fluctuations and is considered to be less risky than GAPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCEQX | GAPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 5.44% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 9.23% | 9.86% | -0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.40% | 18.02% | -1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 16.97% | -1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.44% | 17.96% | -1.52% |