URINX vs. USSPX

Last updated Aug 4, 2026

URINX (USAA Target Retirement Income Fund) and USSPX (Victory 500 Index Fund Member Shares) are both mutual funds - URINX is a Target Retirement Date fund managed by Victory, while USSPX is a Large Cap Blend Equities fund tracking the Victory US Large Cap 500 Index. Over the past 10 years, URINX returned 5.58%/yr vs 15.05%/yr for USSPX. Their correlation of 0.85 means they have usually moved in the same direction. URINX charges 0.04%/yr vs 0.23%/yr for USSPX.

Performance

URINX vs. USSPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USAA Target Retirement Income Fund (URINX) and Victory 500 Index Fund Member Shares (USSPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, URINX achieves a 5.89% return, which is significantly lower than USSPX's 10.08% return. Over the past 10 years, URINX has underperformed USSPX with an annualized return of 5.58%, while USSPX has yielded a comparatively higher 15.05% annualized return.

URINX

• 1D: -0.08%
• 1M: 0.08%
• 6M: 3.96%
• YTD: 5.89%
• 1Y: 11.59%
• 3Y*: 9.79%
• 5Y*: 4.96%
• 10Y*: 5.58%
• ALL TIME*: 6.67%

USSPX

• 1D: 0.68%
• 1M: -0.04%
• 6M: 8.06%
• YTD: 10.08%
• 1Y: 21.10%
• 3Y*: 19.42%
• 5Y*: 12.45%
• 10Y*: 15.05%
• ALL TIME*: 10.20%

*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)
URINX USAA Target Retirement Income Fund	$0.00	$0.00	$0.00
USSPX Victory 500 Index Fund Member Shares	$0.00	$0.00	$0.00

URINX vs. USSPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
URINX USAA Target Retirement Income Fund	5.89%	12.36%	6.66%	10.79%	-10.38%	6.47%	8.74%	11.72%	-3.00%	8.34%
USSPX Victory 500 Index Fund Member Shares	10.08%	17.63%	25.04%	26.99%	-19.37%	27.45%	21.21%	31.19%	-4.66%	21.19%

Correlation

The correlation between URINX and USSPX is 0.86, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.86
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (5Y) Shows whether the relationship held over a longer period.	0.83
Correlation (10Y) Provides a long-term view across more market conditions.	0.83
Correlation (All Time) Calculated using the full available price history since Dec 15, 2008	0.85

The correlation between URINX and USSPX has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.

Return for Risk

URINX vs. USSPX — Risk / Return Rank

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

URINX

URINX Risk / Return Rank: 85
URINX Sharpe Ratio Rank: 85
URINX Sortino Ratio Rank: 85
URINX Omega Ratio Rank: 82
URINX Calmar Ratio Rank: 84
URINX Martin Ratio Rank: 90

USSPX

USSPX Risk / Return Rank: 55
USSPX Sharpe Ratio Rank: 52
USSPX Sortino Ratio Rank: 48
USSPX Omega Ratio Rank: 48
USSPX Calmar Ratio Rank: 57
USSPX Martin Ratio Rank: 69

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.

URINX vs. USSPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USAA Target Retirement Income Fund (URINX) and Victory 500 Index Fund Member Shares (USSPX). 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.

	URINX	USSPX	Difference
Sharpe ratio: Return per unit of total volatility	2.09	1.48	+0.61
Sortino ratio: Return per unit of downside risk	3.07	2.06	+1.01
Omega ratio: Gain probability vs. loss probability	1.40	1.26	+0.14
Calmar ratio: Return relative to maximum drawdown	2.99	2.15	+0.85
Martin ratio: Return relative to average drawdown	12.61	9.11	+3.50

URINX vs. USSPX - Sharpe Ratio Comparison

The current URINX Sharpe Ratio is 2.09, which is higher than the USSPX Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of URINX and USSPX, 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

URINX vs. USSPX - Drawdown Comparison

The maximum URINX drawdown since its inception was -15.27%, smaller than the maximum USSPX drawdown of -55.39%. Use the drawdown chart below to compare losses from any high point for URINX and USSPX.

Drawdown Indicators

	URINX	USSPX	Difference
Max Drawdown Largest peak-to-trough decline	-15.27%	-55.39%	+40.12%
Max Drawdown (1Y) Largest decline over 1 year	-3.92%	-8.92%	+5.00%
Max Drawdown (3Y) Largest decline over 3 years	-4.84%	-19.64%	+14.80%
Max Drawdown (5Y) Largest decline over 5 years	-15.27%	-26.88%	+11.61%
Max Drawdown (10Y) Largest decline over 10 years	-15.27%	-33.64%	+18.37%
Current Drawdown Current decline from peak	-0.38%	-1.64%	+1.26%
Average Drawdown Average peak-to-trough decline	-1.90%	-10.09%	+8.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	2.10%	-1.17%

Volatility

URINX vs. USSPX - Volatility Comparison

The current volatility for USAA Target Retirement Income Fund (URINX) is 1.38%, while Victory 500 Index Fund Member Shares (USSPX) has a volatility of 3.56%. This indicates that URINX experiences smaller price fluctuations and is considered to be less risky than USSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URINX	USSPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.38%	3.56%	-2.18%
Volatility (6M) Calculated over the trailing 6-month period	4.82%	10.23%	-5.41%
Volatility (1Y) Calculated over the trailing 1-year period	5.63%	12.99%	-7.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.37%	17.61%	-11.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.87%	18.37%	-12.50%

URINX vs. USSPX - Expense Ratio Comparison

URINX has a 0.04% expense ratio, which is lower than USSPX's 0.23% 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%.

Dividends

URINX vs. USSPX - Dividend Comparison

URINX's dividend yield for the trailing twelve months is around 5.82%, more than USSPX's 3.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
URINX USAA Target Retirement Income Fund	5.82%	6.07%	4.22%	3.48%	6.63%	6.66%	3.97%	6.37%	6.11%	5.68%	3.34%	4.54%
USSPX Victory 500 Index Fund Member Shares	3.76%	4.14%	3.63%	2.07%	2.81%	4.98%	3.38%	4.98%	3.03%	1.34%	2.34%	1.89%

Frequently Asked Questions

Can I hold both URINX and USSPX in my portfolio?

URINX and USSPX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, URINX or USSPX?

USSPX has higher volatility (3.56%) compared to URINX (1.38%). In terms of maximum drawdown, URINX dropped -15.27% vs USSPX's -55.39%.

Which has better risk-adjusted returns?

URINX currently has the higher Sharpe Ratio (2.09 vs 1.48), 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.