USAAX vs. SPY
Compare and contrast key facts about USAA Growth Fund (USAAX) and SPDR S&P 500 ETF (SPY).
USAAX is managed by Victory Capital. It was launched on Apr 5, 1971. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USAAX or SPY.
Correlation
The correlation between USAAX and SPY is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
USAAX vs. SPY - Performance Comparison
Key characteristics
USAAX:
0.69
SPY:
1.75
USAAX:
0.98
SPY:
2.36
USAAX:
1.14
SPY:
1.32
USAAX:
0.70
SPY:
2.66
USAAX:
2.43
SPY:
11.01
USAAX:
5.66%
SPY:
2.03%
USAAX:
20.04%
SPY:
12.77%
USAAX:
-67.51%
SPY:
-55.19%
USAAX:
-12.11%
SPY:
-2.12%
Returns By Period
In the year-to-date period, USAAX achieves a 0.99% return, which is significantly lower than SPY's 2.36% return. Over the past 10 years, USAAX has underperformed SPY with an annualized return of 4.58%, while SPY has yielded a comparatively higher 12.96% annualized return.
USAAX
0.99%
-3.04%
0.39%
10.63%
6.91%
4.58%
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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USAAX vs. SPY - Expense Ratio Comparison
USAAX has a 0.84% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
USAAX vs. SPY — Risk-Adjusted Performance Rank
USAAX
SPY
USAAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Growth Fund (USAAX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
USAAX vs. SPY - Dividend Comparison
USAAX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.18%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USAAX USAA Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.30% | 0.36% | 0.17% | 0.22% | 0.45% | 1.17% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
USAAX vs. SPY - Drawdown Comparison
The maximum USAAX drawdown since its inception was -67.51%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for USAAX and SPY. For additional features, visit the drawdowns tool.
Volatility
USAAX vs. SPY - Volatility Comparison
USAA Growth Fund (USAAX) has a higher volatility of 5.39% compared to SPDR S&P 500 ETF (SPY) at 3.38%. This indicates that USAAX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.