URSIX vs. MARMX

Last updated Aug 1, 2026

URSIX (USAA Target Retirement 2060 Fund) and MARMX (Mutual of America Retirement Income Fund) are both Target Retirement Date funds. Over the past 5 years, URSIX returned 9.74%/yr vs 2.82%/yr for MARMX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. URSIX charges 0.10%/yr vs 0.13%/yr for MARMX.

Performance

URSIX vs. MARMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USAA Target Retirement 2060 Fund (URSIX) and Mutual of America Retirement Income Fund (MARMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, URSIX achieves a 13.54% return, which is significantly higher than MARMX's 3.12% return.

URSIX

• 1D: 1.42%
• 1M: 0.56%
• 6M: 9.91%
• YTD: 13.54%
• 1Y: 25.18%
• 3Y*: 16.85%
• 5Y*: 9.74%
• 10Y*: 10.23%
• ALL TIME*: 8.97%

MARMX

• 1D: 0.59%
• 1M: -0.42%
• 6M: 2.07%
• YTD: 3.12%
• 1Y: 7.95%
• 3Y*: 7.38%
• 5Y*: 2.82%
• 10Y*: —
• ALL TIME*: 50.00%

*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)
MARMX Mutual of America Retirement Income Fund	$0.00	$0.00	$0.00
URSIX USAA Target Retirement 2060 Fund	$0.00	$0.00	$0.00

URSIX vs. MARMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
URSIX USAA Target Retirement 2060 Fund	13.54%	19.62%	13.05%	18.22%	-15.78%	17.70%	19.83%
MARMX Mutual of America Retirement Income Fund	3.12%	10.54%	5.88%	7.79%	-11.40%	3.49%	890.98%

Correlation

The correlation between URSIX and MARMX is 0.80, 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.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.75
Correlation (5Y) Shows whether the relationship held over a longer period.	0.70
Correlation (All Time) Calculated using the full available price history since Jun 26, 2020	0.69

The correlation between URSIX and MARMX shifts across timeframes, from 0.69 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

URSIX vs. MARMX — Risk / Return Rank

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

URSIX

URSIX Risk / Return Rank: 81
URSIX Sharpe Ratio Rank: 79
URSIX Sortino Ratio Rank: 77
URSIX Omega Ratio Rank: 76
URSIX Calmar Ratio Rank: 83
URSIX Martin Ratio Rank: 89

MARMX

MARMX Risk / Return Rank: 66
MARMX Sharpe Ratio Rank: 60
MARMX Sortino Ratio Rank: 65
MARMX Omega Ratio Rank: 60
MARMX Calmar Ratio Rank: 65
MARMX Martin Ratio Rank: 78

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.

URSIX vs. MARMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USAA Target Retirement 2060 Fund (URSIX) and Mutual of America Retirement Income Fund (MARMX). 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.

	URSIX	MARMX	Difference
Sharpe ratio: Return per unit of total volatility	1.88	1.53	+0.35
Sortino ratio: Return per unit of downside risk	2.65	2.32	+0.33
Omega ratio: Gain probability vs. loss probability	1.34	1.28	+0.06
Calmar ratio: Return relative to maximum drawdown	2.81	2.23	+0.58
Martin ratio: Return relative to average drawdown	12.09	9.65	+2.44

URSIX vs. MARMX - Sharpe Ratio Comparison

The current URSIX Sharpe Ratio is 1.88, which is comparable to the MARMX Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of URSIX and MARMX, 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

URSIX vs. MARMX - Drawdown Comparison

The maximum URSIX drawdown since its inception was -30.33%, which is greater than MARMX's maximum drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for URSIX and MARMX.

Drawdown Indicators

	URSIX	MARMX	Difference
Max Drawdown Largest peak-to-trough decline	-30.33%	-16.21%	-14.12%
Max Drawdown (1Y) Largest decline over 1 year	-8.32%	-3.92%	-4.40%
Max Drawdown (3Y) Largest decline over 3 years	-14.35%	-5.36%	-8.99%
Max Drawdown (5Y) Largest decline over 5 years	-23.85%	-15.94%	-7.91%
Max Drawdown (10Y) Largest decline over 10 years	-30.33%	—	—
Current Drawdown Current decline from peak	-0.28%	-0.75%	+0.47%
Average Drawdown Average peak-to-trough decline	-4.40%	-4.17%	-0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.93%	0.87%	+1.06%

Volatility

URSIX vs. MARMX - Volatility Comparison

USAA Target Retirement 2060 Fund (URSIX) has a higher volatility of 3.06% compared to Mutual of America Retirement Income Fund (MARMX) at 1.45%. This indicates that URSIX's price experiences larger fluctuations and is considered to be riskier than MARMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URSIX	MARMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	1.45%	+1.61%
Volatility (6M) Calculated over the trailing 6-month period	10.34%	4.62%	+5.72%
Volatility (1Y) Calculated over the trailing 1-year period	12.45%	5.75%	+6.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.21%	7.61%	+6.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.52%	387.40%	-372.88%

URSIX vs. MARMX - Expense Ratio Comparison

URSIX has a 0.10% expense ratio, which is lower than MARMX's 0.13% 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

URSIX vs. MARMX - Dividend Comparison

URSIX's dividend yield for the trailing twelve months is around 4.93%, more than MARMX's 4.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MARMX Mutual of America Retirement Income Fund	4.47%	4.32%	4.16%	1.55%	5.73%	2.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
URSIX USAA Target Retirement 2060 Fund	4.93%	5.60%	2.55%	2.89%	10.97%	7.07%	4.79%	5.88%	4.77%	3.82%	3.01%	1.73%

Frequently Asked Questions

Can I hold both URSIX and MARMX in my portfolio?

URSIX and MARMX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, URSIX or MARMX?

URSIX has higher volatility (3.06%) compared to MARMX (1.45%). In terms of maximum drawdown, URSIX dropped -30.33% vs MARMX's -16.21%.

Which has better risk-adjusted returns?

URSIX currently has the higher Sharpe Ratio (1.88 vs 1.53), 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.