UIAGX vs. USAGX

Last updated Jun 23, 2026

UIAGX (Victory Aggressive Growth Fund Class I) and USAGX (USAA Precious Metals and Minerals Fund) are both mutual funds - UIAGX is a Large Cap Growth Equities fund actively managed by Victory, while USAGX is a Precious Metals fund managed by Victory. Over the past 10 years, UIAGX returned 15.78%/yr vs 12.34%/yr for USAGX. At a 0.24 correlation, their price movements are largely independent. UIAGX charges 0.71%/yr vs 1.12%/yr for USAGX.

Performance

UIAGX vs. USAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victory Aggressive Growth Fund Class I (UIAGX) and USAA Precious Metals and Minerals Fund (USAGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UIAGX achieves a 5.27% return, which is significantly higher than USAGX's -4.07% return. Over the past 10 years, UIAGX has outperformed USAGX with an annualized return of 15.78%, while USAGX has yielded a comparatively lower 12.34% annualized return.

UIAGX

• 1D: 1.45%
• 1M: -0.70%
• YTD: 5.27%
• 6M: 4.55%
• 1Y: 20.05%
• 3Y*: 22.95%
• 5Y*: 11.42%
• 10Y*: 15.78%

USAGX

• 1D: -2.39%
• 1M: -2.37%
• YTD: -4.07%
• 6M: -8.16%
• 1Y: 55.73%
• 3Y*: 39.04%
• 5Y*: 19.55%
• 10Y*: 12.34%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UIAGX vs. USAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UIAGX Victory Aggressive Growth Fund Class I	5.27%	16.92%	33.56%	48.51%	-35.22%	16.61%	41.84%	23.24%	-0.71%	30.05%
USAGX USAA Precious Metals and Minerals Fund	-4.07%	156.06%	10.76%	6.73%	-11.80%	-10.14%	25.85%	42.97%	-12.26%	9.65%

Correlation

The correlation between UIAGX and USAGX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (10Y) Calculated over the trailing 10-year period	0.20
Correlation (All Time) Calculated using the full available price history since Aug 1, 2008	0.24

The correlation between UIAGX and USAGX shifts across timeframes, from 0.20 (10 years) to 0.34 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

UIAGX vs. USAGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UIAGX

UIAGX Risk / Return Rank: 16
UIAGX Sharpe Ratio Rank: 18
UIAGX Sortino Ratio Rank: 17
UIAGX Omega Ratio Rank: 18
UIAGX Calmar Ratio Rank: 13
UIAGX Martin Ratio Rank: 13

USAGX

USAGX Risk / Return Rank: 19
USAGX Sharpe Ratio Rank: 21
USAGX Sortino Ratio Rank: 18
USAGX Omega Ratio Rank: 22
USAGX Calmar Ratio Rank: 19
USAGX Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UIAGX vs. USAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory Aggressive Growth Fund Class I (UIAGX) and USAA Precious Metals and Minerals Fund (USAGX). 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.

	UIAGX	USAGX	Difference
Sharpe ratio: Return per unit of total volatility	1.13	1.22	-0.09
Sortino ratio: Return per unit of downside risk	1.60	1.65	-0.05
Omega ratio: Gain probability vs. loss probability	1.20	1.23	-0.03
Calmar ratio: Return relative to maximum drawdown	1.12	1.50	-0.38
Martin ratio: Return relative to average drawdown	3.54	4.11	-0.57

UIAGX vs. USAGX - Sharpe Ratio Comparison

The current UIAGX Sharpe Ratio is 1.13, which is comparable to the USAGX Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of UIAGX and USAGX, 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

UIAGX vs. USAGX - Drawdown Comparison

The maximum UIAGX drawdown since its inception was -46.08%, smaller than the maximum USAGX drawdown of -80.89%. Use the drawdown chart below to compare losses from any high point for UIAGX and USAGX.

Drawdown Indicators

	UIAGX	USAGX	Difference
Max Drawdown Largest peak-to-trough decline	-46.08%	-80.89%	+34.81%
Max Drawdown (1Y) Largest decline over 1 year	-17.16%	-36.13%	+18.97%
Max Drawdown (3Y) Largest decline over 3 years	-25.90%	-36.13%	+10.23%
Max Drawdown (5Y) Largest decline over 5 years	-43.68%	-45.72%	+2.04%
Max Drawdown (10Y) Largest decline over 10 years	-43.68%	-51.03%	+7.35%
Current Drawdown Current decline from peak	-4.33%	-28.21%	+23.88%
Average Drawdown Average peak-to-trough decline	-8.83%	-43.06%	+34.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.44%	13.17%	-7.73%

Volatility

UIAGX vs. USAGX - Volatility Comparison

The current volatility for Victory Aggressive Growth Fund Class I (UIAGX) is 6.24%, while USAA Precious Metals and Minerals Fund (USAGX) has a volatility of 16.34%. This indicates that UIAGX experiences smaller price fluctuations and is considered to be less risky than USAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UIAGX	USAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.24%	16.34%	-10.10%
Volatility (6M) Calculated over the trailing 6-month period	13.22%	37.68%	-24.46%
Volatility (1Y) Calculated over the trailing 1-year period	17.08%	44.55%	-27.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.46%	33.30%	-8.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.89%	32.91%	-10.02%

UIAGX vs. USAGX - Expense Ratio Comparison

UIAGX has a 0.71% expense ratio, which is lower than USAGX's 1.12% expense ratio.

Dividends

UIAGX vs. USAGX - Dividend Comparison

UIAGX's dividend yield for the trailing twelve months is around 4.11%, more than USAGX's 0.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UIAGX Victory Aggressive Growth Fund Class I	4.11%	4.33%	5.04%	0.00%	2.32%	11.15%	0.18%	19.92%	18.44%	8.75%	7.45%	6.91%
USAGX USAA Precious Metals and Minerals Fund	0.25%	0.24%	0.00%	2.45%	0.95%	0.84%	0.04%	0.00%	0.00%	0.00%	4.20%	0.00%

Frequently Asked Questions

Can I hold both UIAGX and USAGX in my portfolio?

UIAGX and USAGX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UIAGX or USAGX?

USAGX has higher volatility (16.34%) compared to UIAGX (6.24%). In terms of maximum drawdown, UIAGX dropped -46.08% vs USAGX's -80.89%.

Which has better risk-adjusted returns?

USAGX currently has the higher Sharpe Ratio (1.22 vs 1.13), 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.