URSIX vs. QQQ

Last updated Jun 3, 2026

URSIX (USAA Target Retirement 2060 Fund) and QQQ (Invesco QQQ ETF) are both funds - URSIX is a Target Retirement Date fund managed by Victory, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, URSIX returned 10.50%/yr vs 21.97%/yr for QQQ. Their correlation of 0.82 suggests significant overlap in exposure. URSIX charges 0.10%/yr vs 0.18%/yr for QQQ.

Performance

URSIX vs. QQQ - Performance Comparison

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

Returns By Period

In the year-to-date period, URSIX achieves a 12.84% return, which is significantly lower than QQQ's 21.62% return. Over the past 10 years, URSIX has underperformed QQQ with an annualized return of 10.50%, while QQQ has yielded a comparatively higher 21.97% annualized return.

URSIX

• 1D: 0.40%
• 1M: 4.53%
• YTD: 12.84%
• 6M: 14.04%
• 1Y: 27.37%
• 3Y*: 18.84%
• 5Y*: 9.74%
• 10Y*: 10.50%

QQQ

• 1D: 0.46%
• 1M: 10.68%
• YTD: 21.62%
• 6M: 20.27%
• 1Y: 43.30%
• 3Y*: 28.89%
• 5Y*: 18.43%
• 10Y*: 21.97%

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

URSIX vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
URSIX USAA Target Retirement 2060 Fund	12.84%	19.62%	13.05%	18.22%	-15.78%	17.70%	10.17%	20.09%	-9.17%	19.52%
QQQ Invesco QQQ ETF	21.62%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%

Correlation

The correlation between URSIX and QQQ is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jul 23, 2013	0.82

The correlation between URSIX and QQQ has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.

Return for Risk

URSIX vs. QQQ — Risk / Return Rank

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

URSIX

URSIX Risk / Return Rank: 71
URSIX Sharpe Ratio Rank: 71
URSIX Sortino Ratio Rank: 68
URSIX Omega Ratio Rank: 64
URSIX Calmar Ratio Rank: 74
URSIX Martin Ratio Rank: 79

QQQ

QQQ Risk / Return Rank: 77
QQQ Sharpe Ratio Rank: 83
QQQ Sortino Ratio Rank: 78
QQQ Omega Ratio Rank: 77
QQQ Calmar Ratio Rank: 73
QQQ Martin Ratio Rank: 74

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.

URSIX vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USAA Target Retirement 2060 Fund (URSIX) and Invesco QQQ ETF (QQQ). 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.

	URSIX	QQQ	Difference
Sharpe ratio Return per unit of total volatility	2.46	2.73	-0.27
Sortino ratio Return per unit of downside risk	3.44	3.55	-0.10
Omega ratio Gain probability vs. loss probability	1.45	1.47	-0.02
Calmar ratio Return relative to maximum drawdown	3.38	3.71	-0.33
Martin ratio Return relative to average drawdown	14.92	14.30	+0.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

URSIX vs. QQQ - Sharpe Ratio Comparison

The current URSIX Sharpe Ratio is 2.46, which is comparable to the QQQ Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of URSIX and QQQ, 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

	URSIX	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	2.73	-0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.83	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.99	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.41	+0.24

Drawdowns

URSIX vs. QQQ - Drawdown Comparison

The maximum URSIX drawdown since its inception was -30.33%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for URSIX and QQQ.

Drawdown Indicators

	URSIX	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-30.33%	-82.97%	+52.64%
Max Drawdown (1Y) Largest decline over 1 year	-8.32%	-11.96%	+3.64%
Max Drawdown (3Y) Largest decline over 3 years	-14.35%	-22.77%	+8.42%
Max Drawdown (5Y) Largest decline over 5 years	-23.85%	-35.12%	+11.27%
Max Drawdown (10Y) Largest decline over 10 years	-30.33%	-35.12%	+4.79%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.45%	-32.79%	+28.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	3.11%	-1.22%

Volatility

URSIX vs. QQQ - Volatility Comparison

The current volatility for USAA Target Retirement 2060 Fund (URSIX) is 3.53%, while Invesco QQQ ETF (QQQ) has a volatility of 4.48%. This indicates that URSIX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URSIX	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	4.48%	-0.95%
Volatility (6M) Calculated over the trailing 6-month period	9.17%	12.11%	-2.94%
Volatility (1Y) Calculated over the trailing 1-year period	11.48%	15.95%	-4.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.09%	22.39%	-8.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.53%	22.30%	-7.77%

URSIX vs. QQQ - Expense Ratio Comparison

URSIX has a 0.10% expense ratio, which is lower than QQQ's 0.18% 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. QQQ - Dividend Comparison

URSIX's dividend yield for the trailing twelve months is around 4.96%, more than QQQ's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQ Invesco QQQ ETF	0.38%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
URSIX USAA Target Retirement 2060 Fund	4.96%	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 QQQ in my portfolio?

URSIX and QQQ have a correlation of 0.85, 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 QQQ?

QQQ has higher volatility (4.48%) compared to URSIX (3.53%). In terms of maximum drawdown, URSIX dropped -30.33% vs QQQ's -82.97%.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.73 vs 2.46), 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.