URNQX vs. USNQX

Last updated Jun 5, 2026

URNQX (Victory Nasdaq 100 Index Fund R6 Shares) and USNQX (USAA Nasdaq 100 Index Fund) are both Large Cap Growth Equities funds. Over the past 5 years, URNQX returned 17.83%/yr vs 17.67%/yr for USNQX. With a 1.00 correlation, they move nearly in lockstep. URNQX charges 0.30%/yr vs 0.42%/yr for USNQX.

Performance

URNQX vs. USNQX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victory Nasdaq 100 Index Fund R6 Shares (URNQX) and USAA Nasdaq 100 Index Fund (USNQX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with URNQX having a 21.27% return and USNQX slightly lower at 21.19%.

URNQX

• 1D: -0.29%
• 1M: 9.18%
• YTD: 21.27%
• 6M: 19.65%
• 1Y: 41.28%
• 3Y*: 28.71%
• 5Y*: 17.83%
• 10Y*: —

USNQX

• 1D: -0.29%
• 1M: 9.17%
• YTD: 21.19%
• 6M: 19.57%
• 1Y: 41.10%
• 3Y*: 28.54%
• 5Y*: 17.67%
• 10Y*: 21.64%

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

URNQX vs. USNQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
URNQX Victory Nasdaq 100 Index Fund R6 Shares	21.27%	20.65%	25.60%	54.68%	-32.63%	27.00%	48.52%	38.99%	-0.37%	19.28%
USNQX USAA Nasdaq 100 Index Fund	21.19%	20.52%	25.42%	54.46%	-32.71%	26.82%	48.31%	38.86%	-0.43%	19.17%

Correlation

The correlation between URNQX and USNQX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Mar 2, 2017	1.00

The correlation between URNQX and USNQX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

URNQX vs. USNQX — Risk / Return Rank

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

URNQX

URNQX Risk / Return Rank: 72
URNQX Sharpe Ratio Rank: 80
URNQX Sortino Ratio Rank: 67
URNQX Omega Ratio Rank: 65
URNQX Calmar Ratio Rank: 78
URNQX Martin Ratio Rank: 70

USNQX

USNQX Risk / Return Rank: 70
USNQX Sharpe Ratio Rank: 78
USNQX Sortino Ratio Rank: 65
USNQX Omega Ratio Rank: 63
USNQX Calmar Ratio Rank: 77
USNQX Martin Ratio Rank: 69

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.

URNQX vs. USNQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory Nasdaq 100 Index Fund R6 Shares (URNQX) and USAA Nasdaq 100 Index Fund (USNQX). 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.

	URNQX	USNQX	Difference
Sharpe ratio: Return per unit of total volatility	2.60	2.59	+0.01
Sortino ratio: Return per unit of downside risk	3.41	3.39	+0.01
Omega ratio: Gain probability vs. loss probability	1.44	1.44	0.00
Calmar ratio: Return relative to maximum drawdown	3.48	3.45	+0.02
Martin ratio: Return relative to average drawdown	13.33	13.21	+0.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

URNQX vs. USNQX - Sharpe Ratio Comparison

The current URNQX Sharpe Ratio is 2.60, which is comparable to the USNQX Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of URNQX and USNQX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	URNQX	USNQX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.60	2.59	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.78	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.96	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.37	+0.55

Drawdowns

URNQX vs. USNQX - Drawdown Comparison

The maximum URNQX drawdown since its inception was -36.87%, smaller than the maximum USNQX drawdown of -76.24%. Use the drawdown chart below to compare losses from any high point for URNQX and USNQX.

Drawdown Indicators

	URNQX	USNQX	Difference
Max Drawdown Largest peak-to-trough decline	-36.87%	-76.24%	+39.37%
Max Drawdown (1Y) Largest decline over 1 year	-12.04%	-12.07%	+0.03%
Max Drawdown (3Y) Largest decline over 3 years	-22.85%	-22.88%	+0.03%
Max Drawdown (5Y) Largest decline over 5 years	-36.87%	-36.95%	+0.08%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.95%	—
Current Drawdown Current decline from peak	-0.29%	-0.29%	0.00%
Average Drawdown Average peak-to-trough decline	-7.03%	-26.75%	+19.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	3.15%	-0.01%

Volatility

URNQX vs. USNQX - Volatility Comparison

Victory Nasdaq 100 Index Fund R6 Shares (URNQX) and USAA Nasdaq 100 Index Fund (USNQX) have volatilities of 4.53% and 4.53%, 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

	URNQX	USNQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.53%	4.53%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	12.19%	12.19%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	16.10%	16.09%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.90%	22.90%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.29%	22.66%	+0.63%

URNQX vs. USNQX - Expense Ratio Comparison

URNQX has a 0.30% expense ratio, which is lower than USNQX's 0.42% expense ratio.

Dividends

URNQX vs. USNQX - Dividend Comparison

URNQX's dividend yield for the trailing twelve months is around 2.58%, more than USNQX's 2.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
URNQX Victory Nasdaq 100 Index Fund R6 Shares	2.58%	3.13%	2.31%	2.72%	4.32%	4.59%	1.64%	0.92%	0.80%	2.07%	0.00%	0.00%
USNQX USAA Nasdaq 100 Index Fund	2.49%	3.01%	2.19%	2.60%	4.13%	4.48%	1.53%	0.88%	0.69%	1.97%	0.50%	2.73%

Frequently Asked Questions

Can I hold both URNQX and USNQX in my portfolio?

With a correlation of 1.00, URNQX and USNQX 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.

Which is riskier, URNQX or USNQX?

USNQX has higher volatility (4.53%) compared to URNQX (4.53%). In terms of maximum drawdown, URNQX dropped -36.87% vs USNQX's -76.24%.

Which has better risk-adjusted returns?

URNQX currently has the higher Sharpe Ratio (2.60 vs 2.59), 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.