UCEQX vs. VICEX

Last updated Aug 1, 2026

UCEQX (USAA Cornerstone Equity Fund) and VICEX (USA Mutuals Vice Fund) are both Global Equities funds. Over the past 10 years, UCEQX returned 11.28%/yr vs 5.33%/yr for VICEX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. UCEQX charges 0.09%/yr vs 1.59%/yr for VICEX.

Performance

UCEQX vs. VICEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USAA Cornerstone Equity Fund (UCEQX) and USA Mutuals Vice Fund (VICEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UCEQX achieves a 14.16% return, which is significantly higher than VICEX's 8.80% return. Over the past 10 years, UCEQX has outperformed VICEX with an annualized return of 11.28%, while VICEX has yielded a comparatively lower 5.33% annualized return.

UCEQX

• 1D: 1.69%
• 1M: 0.77%
• 6M: 10.61%
• YTD: 14.16%
• 1Y: 27.23%
• 3Y*: 19.03%
• 5Y*: 11.02%
• 10Y*: 11.28%
• ALL TIME*: 10.58%

VICEX

• 1D: 0.17%
• 1M: 2.13%
• 6M: 2.26%
• YTD: 8.80%
• 1Y: 13.08%
• 3Y*: 8.73%
• 5Y*: 5.03%
• 10Y*: 5.33%
• ALL TIME*: 8.07%

*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)
UCEQX USAA Cornerstone Equity Fund	$0.00	$0.00	$0.00
VICEX USA Mutuals Vice Fund	$0.00	$0.00	$0.00

UCEQX vs. VICEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UCEQX USAA Cornerstone Equity Fund	14.16%	23.71%	14.50%	19.36%	-16.25%	19.68%	10.76%	22.49%	-12.06%	22.59%
VICEX USA Mutuals Vice Fund	8.80%	20.25%	4.40%	-2.18%	3.41%	-1.36%	-0.89%	26.26%	-21.27%	25.71%

Correlation

The correlation between UCEQX and VICEX is 0.54, 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.	0.54
Correlation (3Y) Balances recent behavior with more history.	0.57
Correlation (5Y) Shows whether the relationship held over a longer period.	0.64
Correlation (10Y) Provides a long-term view across more market conditions.	0.70
Correlation (All Time) Calculated using the full available price history since Jun 13, 2012	0.73

The correlation between UCEQX and VICEX shifts across timeframes, from 0.54 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

Return for Risk

UCEQX vs. VICEX — Risk / Return Rank

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

UCEQX

UCEQX Risk / Return Rank: 81
UCEQX Sharpe Ratio Rank: 80
UCEQX Sortino Ratio Rank: 77
UCEQX Omega Ratio Rank: 77
UCEQX Calmar Ratio Rank: 83
UCEQX Martin Ratio Rank: 90

VICEX

VICEX Risk / Return Rank: 24
VICEX Sharpe Ratio Rank: 26
VICEX Sortino Ratio Rank: 26
VICEX Omega Ratio Rank: 26
VICEX Calmar Ratio Rank: 23
VICEX Martin Ratio Rank: 20

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.

UCEQX vs. VICEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USAA Cornerstone Equity Fund (UCEQX) and USA Mutuals Vice Fund (VICEX). 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.

	UCEQX	VICEX	Difference
Sharpe ratio: Return per unit of total volatility	1.89	0.89	+0.99
Sortino ratio: Return per unit of downside risk	2.62	1.32	+1.30
Omega ratio: Gain probability vs. loss probability	1.34	1.16	+0.18
Calmar ratio: Return relative to maximum drawdown	2.81	1.06	+1.74
Martin ratio: Return relative to average drawdown	12.09	2.72	+9.37

UCEQX vs. VICEX - Sharpe Ratio Comparison

The current UCEQX Sharpe Ratio is 1.89, which is higher than the VICEX Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of UCEQX and VICEX, 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

UCEQX vs. VICEX - Drawdown Comparison

The maximum UCEQX drawdown since its inception was -35.33%, smaller than the maximum VICEX drawdown of -54.58%. Use the drawdown chart below to compare losses from any high point for UCEQX and VICEX.

Drawdown Indicators

	UCEQX	VICEX	Difference
Max Drawdown Largest peak-to-trough decline	-35.33%	-54.58%	+19.25%
Max Drawdown (1Y) Largest decline over 1 year	-8.96%	-10.79%	+1.83%
Max Drawdown (3Y) Largest decline over 3 years	-15.64%	-12.35%	-3.29%
Max Drawdown (5Y) Largest decline over 5 years	-25.24%	-19.69%	-5.55%
Max Drawdown (10Y) Largest decline over 10 years	-35.33%	-40.91%	+5.58%
Current Drawdown Current decline from peak	-0.42%	-1.71%	+1.29%
Average Drawdown Average peak-to-trough decline	-4.83%	-10.41%	+5.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.08%	4.22%	-2.14%

Volatility

UCEQX vs. VICEX - Volatility Comparison

USAA Cornerstone Equity Fund (UCEQX) and USA Mutuals Vice Fund (VICEX) have volatilities of 3.40% and 3.24%, 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

	UCEQX	VICEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.40%	3.24%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	11.02%	9.95%	+1.07%
Volatility (1Y) Calculated over the trailing 1-year period	13.32%	12.85%	+0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.39%	13.34%	+2.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.46%	15.55%	+0.91%

UCEQX vs. VICEX - Expense Ratio Comparison

UCEQX has a 0.09% expense ratio, which is lower than VICEX's 1.59% expense ratio.

Dividends

UCEQX vs. VICEX - Dividend Comparison

UCEQX's dividend yield for the trailing twelve months is around 4.45%, less than VICEX's 12.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UCEQX USAA Cornerstone Equity Fund	4.45%	5.08%	2.56%	5.10%	6.80%	4.61%	8.25%	4.79%	6.73%	1.91%	3.16%	3.63%
VICEX USA Mutuals Vice Fund	12.22%	13.30%	5.70%	10.54%	8.24%	16.06%	3.99%	4.76%	1.02%	3.15%	20.81%	1.21%

Frequently Asked Questions

Can I hold both UCEQX and VICEX in my portfolio?

UCEQX and VICEX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UCEQX or VICEX?

UCEQX has higher volatility (3.40%) compared to VICEX (3.24%). In terms of maximum drawdown, UCEQX dropped -35.33% vs VICEX's -54.58%.

Which has better risk-adjusted returns?

UCEQX currently has the higher Sharpe Ratio (1.89 vs 0.89), 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.