USAAX vs. USGNX
Compare and contrast key facts about USAA Growth Fund (USAAX) and USAA Government Securities Fund (USGNX).
USAAX is managed by Victory. It was launched on Apr 5, 1971. USGNX is managed by Victory. It was launched on Jan 31, 1991.
Performance
USAAX vs. USGNX - Performance Comparison
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USAAX vs. USGNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USAAX USAA Growth Fund | -10.65% | 16.68% | 32.82% | 48.39% | -32.49% | 16.97% | 37.07% | 27.62% | -4.33% | 28.44% |
USGNX USAA Government Securities Fund | -0.05% | 7.20% | 1.94% | 4.13% | -8.13% | -1.05% | 5.48% | 5.60% | 1.05% | 1.35% |
Returns By Period
In the year-to-date period, USAAX achieves a -10.65% return, which is significantly lower than USGNX's -0.05% return. Over the past 10 years, USAAX has outperformed USGNX with an annualized return of 14.01%, while USGNX has yielded a comparatively lower 1.59% annualized return.
USAAX
- 1D
- 3.89%
- 1M
- -5.86%
- YTD
- -10.65%
- 6M
- -10.48%
- 1Y
- 14.90%
- 3Y*
- 19.99%
- 5Y*
- 9.70%
- 10Y*
- 14.01%
USGNX
- 1D
- 0.22%
- 1M
- -1.32%
- YTD
- -0.05%
- 6M
- 1.03%
- 1Y
- 4.13%
- 3Y*
- 3.53%
- 5Y*
- 0.81%
- 10Y*
- 1.59%
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USAAX vs. USGNX - Expense Ratio Comparison
USAAX has a 0.84% expense ratio, which is higher than USGNX's 0.53% expense ratio.
Return for Risk
USAAX vs. USGNX — Risk / Return Rank
USAAX
USGNX
USAAX vs. USGNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Growth Fund (USAAX) and USAA Government Securities Fund (USGNX). 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.
| USAAX | USGNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.70 | 1.18 | -0.47 |
Sortino ratioReturn per unit of downside risk | 1.17 | 1.74 | -0.56 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.21 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.98 | -1.06 |
Martin ratioReturn relative to average drawdown | 3.21 | 6.03 | -2.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USAAX | USGNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 1.18 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.17 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.42 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 1.13 | -0.64 |
Correlation
The correlation between USAAX and USGNX is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
USAAX vs. USGNX - Dividend Comparison
USAAX's dividend yield for the trailing twelve months is around 11.89%, more than USGNX's 3.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USAAX USAA Growth Fund | 11.89% | 10.62% | 10.47% | 6.54% | 6.98% | 10.34% | 4.33% | 26.15% | 13.67% | 2.47% | 5.27% | 6.92% |
USGNX USAA Government Securities Fund | 3.48% | 3.75% | 3.65% | 2.77% | 2.07% | 3.02% | 2.84% | 2.46% | 2.26% | 2.07% | 2.07% | 2.38% |
Drawdowns
USAAX vs. USGNX - Drawdown Comparison
The maximum USAAX drawdown since its inception was -66.79%, which is greater than USGNX's maximum drawdown of -12.03%. Use the drawdown chart below to compare losses from any high point for USAAX and USGNX.
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Drawdown Indicators
| USAAX | USGNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.79% | -12.03% | -54.76% |
Max Drawdown (1Y)Largest decline over 1 year | -16.92% | -2.41% | -14.51% |
Max Drawdown (5Y)Largest decline over 5 years | -41.75% | -12.03% | -29.72% |
Max Drawdown (10Y)Largest decline over 10 years | -41.75% | -12.03% | -29.72% |
Current DrawdownCurrent decline from peak | -13.69% | -1.76% | -11.93% |
Average DrawdownAverage peak-to-trough decline | -18.87% | -1.36% | -17.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.87% | 0.79% | +4.08% |
Volatility
USAAX vs. USGNX - Volatility Comparison
USAA Growth Fund (USAAX) has a higher volatility of 6.86% compared to USAA Government Securities Fund (USGNX) at 1.30%. This indicates that USAAX's price experiences larger fluctuations and is considered to be riskier than USGNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USAAX | USGNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.86% | 1.30% | +5.56% |
Volatility (6M)Calculated over the trailing 6-month period | 12.46% | 2.22% | +10.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.63% | 3.75% | +18.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.02% | 4.77% | +19.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.05% | 3.78% | +18.27% |