UCMCX vs. AOM
UCMCX (USAA Cornerstone Moderately Conservative Fund) and AOM (iShares Core Moderate Allocation ETF) are both Diversified Portfolio funds. Over the past 10 years, UCMCX returned 5.40%/yr vs 6.23%/yr for AOM. Their correlation of 0.91 suggests significant overlap in exposure. UCMCX charges 0.90%/yr vs 0.25%/yr for AOM.
Performance
UCMCX vs. AOM - Performance Comparison
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Returns By Period
In the year-to-date period, UCMCX achieves a 6.98% return, which is significantly higher than AOM's 5.23% return. Over the past 10 years, UCMCX has underperformed AOM with an annualized return of 5.40%, while AOM has yielded a comparatively higher 6.23% annualized return.
UCMCX
- 1D
- -0.31%
- 1M
- 2.25%
- YTD
- 6.98%
- 6M
- 7.27%
- 1Y
- 16.42%
- 3Y*
- 9.97%
- 5Y*
- 4.19%
- 10Y*
- 5.40%
AOM
- 1D
- 0.22%
- 1M
- 1.82%
- YTD
- 5.23%
- 6M
- 5.63%
- 1Y
- 14.30%
- 3Y*
- 11.03%
- 5Y*
- 4.85%
- 10Y*
- 6.23%
UCMCX vs. AOM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UCMCX USAA Cornerstone Moderately Conservative Fund | 6.98% | 13.75% | 4.15% | 9.23% | -13.17% | 7.21% | 8.25% | 13.10% | -5.30% | 11.46% |
AOM iShares Core Moderate Allocation ETF | 5.23% | 13.28% | 7.95% | 12.38% | -14.54% | 6.93% | 10.02% | 15.58% | -3.88% | 11.63% |
Correlation
The correlation between UCMCX and AOM is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2012 | 0.91 |
The correlation between UCMCX and AOM has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
UCMCX vs. AOM — Risk / Return Rank
UCMCX
AOM
UCMCX vs. AOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Cornerstone Moderately Conservative Fund (UCMCX) and iShares Core Moderate Allocation ETF (AOM). 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.
| UCMCX | AOM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.41 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 2.81 | +0.48 |
| Martin ratioReturn relative to average drawdown | 14.11 | 12.27 | +1.84 |
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
| UCMCX | AOM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | 2.20 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.60 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.79 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.70 | +0.04 |
Drawdowns
UCMCX vs. AOM - Drawdown Comparison
The maximum UCMCX drawdown since its inception was -21.85%, which is greater than AOM's maximum drawdown of -19.96%. Use the drawdown chart below to compare losses from any high point for UCMCX and AOM.
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Drawdown Indicators
| UCMCX | AOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.85% | -19.96% | -1.89% |
Max Drawdown (1Y)Largest decline over 1 year | -5.16% | -5.11% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -7.77% | -6.85% | -0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -21.85% | -19.96% | -1.89% |
Max Drawdown (10Y)Largest decline over 10 years | -21.85% | -19.96% | -1.89% |
Current DrawdownCurrent decline from peak | -0.31% | -0.24% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -2.70% | -1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.20% | 1.17% | +0.03% |
Volatility
UCMCX vs. AOM - Volatility Comparison
USAA Cornerstone Moderately Conservative Fund (UCMCX) has a higher volatility of 2.25% compared to iShares Core Moderate Allocation ETF (AOM) at 2.13%. This indicates that UCMCX's price experiences larger fluctuations and is considered to be riskier than AOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCMCX | AOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 2.13% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 5.47% | 5.22% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.70% | 6.55% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.57% | 8.14% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.87% | 7.93% | -0.06% |
UCMCX vs. AOM - Expense Ratio Comparison
UCMCX has a 0.90% expense ratio, which is higher than AOM's 0.25% expense ratio.
Dividends
UCMCX vs. AOM - Dividend Comparison
UCMCX's dividend yield for the trailing twelve months is around 3.12%, more than AOM's 2.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOM iShares Core Moderate Allocation ETF | 2.98% | 2.98% | 3.10% | 2.79% | 2.27% | 1.56% | 2.02% | 2.66% | 2.53% | 3.31% | 2.14% | 1.98% |
UCMCX USAA Cornerstone Moderately Conservative Fund | 3.12% | 3.16% | 2.03% | 2.42% | 7.62% | 6.62% | 1.68% | 2.31% | 4.13% | 4.37% | 2.39% | 3.31% |
Frequently Asked Questions
With a correlation of 0.94, UCMCX and AOM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
UCMCX has higher volatility (2.25%) compared to AOM (2.13%). In terms of maximum drawdown, UCMCX dropped -21.85% vs AOM's -19.96%.
UCMCX currently has the higher Sharpe Ratio (2.54 vs 2.20), 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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