URSBX vs. USAGX

Last updated Jun 23, 2026

URSBX (Victory Short-Term Bond Fund Class R6) and USAGX (USAA Precious Metals and Minerals Fund) are both mutual funds - URSBX is a Short-Term Bond fund actively managed by Victory, while USAGX is a Precious Metals fund managed by Victory. Over the past 5 years, URSBX returned 3.34%/yr vs 19.55%/yr for USAGX. At a 0.24 correlation, their price movements are largely independent. URSBX charges 0.33%/yr vs 1.12%/yr for USAGX.

Performance

URSBX vs. USAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victory Short-Term Bond Fund Class R6 (URSBX) 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, URSBX achieves a 0.98% return, which is significantly higher than USAGX's -4.07% return.

URSBX

• 1D: 0.00%
• 1M: 0.40%
• YTD: 0.98%
• 6M: 1.51%
• 1Y: 4.40%
• 3Y*: 6.03%
• 5Y*: 3.34%
• 10Y*: —

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)

URSBX vs. USAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
URSBX Victory Short-Term Bond Fund Class R6	0.98%	6.15%	6.48%	5.91%	-2.74%	1.11%	4.99%	5.07%	1.77%	2.53%
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 URSBX and USAGX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.24

Return for Risk

URSBX vs. USAGX — Risk / Return Rank

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

URSBX

URSBX Risk / Return Rank: 86
URSBX Sharpe Ratio Rank: 72
URSBX Sortino Ratio Rank: 94
URSBX Omega Ratio Rank: 91
URSBX Calmar Ratio Rank: 85
URSBX Martin Ratio Rank: 88

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.

URSBX vs. USAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victory Short-Term Bond Fund Class R6 (URSBX) 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.

	URSBX	USAGX	Difference
Sharpe ratio: Return per unit of total volatility	2.28	1.22	+1.06
Sortino ratio: Return per unit of downside risk	4.55	1.65	+2.90
Omega ratio: Gain probability vs. loss probability	1.63	1.23	+0.41
Calmar ratio: Return relative to maximum drawdown	3.79	1.50	+2.29
Martin ratio: Return relative to average drawdown	15.66	4.11	+11.55

URSBX vs. USAGX - Sharpe Ratio Comparison

The current URSBX Sharpe Ratio is 2.28, which is higher than the USAGX Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of URSBX 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

URSBX vs. USAGX - Drawdown Comparison

The maximum URSBX drawdown since its inception was -5.57%, smaller than the maximum USAGX drawdown of -80.89%. Use the drawdown chart below to compare losses from any high point for URSBX and USAGX.

Drawdown Indicators

	URSBX	USAGX	Difference
Max Drawdown Largest peak-to-trough decline	-5.57%	-80.89%	+75.32%
Max Drawdown (1Y) Largest decline over 1 year	-1.19%	-36.13%	+34.94%
Max Drawdown (3Y) Largest decline over 3 years	-1.19%	-36.13%	+34.94%
Max Drawdown (5Y) Largest decline over 5 years	-4.94%	-45.72%	+40.78%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.03%	—
Current Drawdown Current decline from peak	-0.22%	-28.21%	+27.99%
Average Drawdown Average peak-to-trough decline	-0.66%	-43.06%	+42.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.29%	13.17%	-12.88%

Volatility

URSBX vs. USAGX - Volatility Comparison

The current volatility for Victory Short-Term Bond Fund Class R6 (URSBX) is 0.64%, while USAA Precious Metals and Minerals Fund (USAGX) has a volatility of 16.34%. This indicates that URSBX 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

	URSBX	USAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.64%	16.34%	-15.70%
Volatility (6M) Calculated over the trailing 6-month period	1.46%	37.68%	-36.22%
Volatility (1Y) Calculated over the trailing 1-year period	1.99%	44.55%	-42.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.08%	33.30%	-31.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.88%	32.91%	-31.03%

URSBX vs. USAGX - Expense Ratio Comparison

URSBX has a 0.33% expense ratio, which is lower than USAGX's 1.12% expense ratio.

Dividends

URSBX vs. USAGX - Dividend Comparison

URSBX's dividend yield for the trailing twelve months is around 4.76%, more than USAGX's 0.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
URSBX Victory Short-Term Bond Fund Class R6	4.76%	4.74%	4.57%	3.31%	2.61%	2.86%	3.53%	2.96%	2.85%	2.18%	0.00%
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%

Frequently Asked Questions

Can I hold both URSBX and USAGX in my portfolio?

URSBX and USAGX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, URSBX or USAGX?

USAGX has higher volatility (16.34%) compared to URSBX (0.64%). In terms of maximum drawdown, URSBX dropped -5.57% vs USAGX's -80.89%.

Which has better risk-adjusted returns?

URSBX currently has the higher Sharpe Ratio (2.28 vs 1.22), 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.