USAAX vs. USSBX
USAAX (USAA Growth Fund) and USSBX (USAA Short Term Bond Fund) are both mutual funds - USAAX is a Large Cap Growth Equities fund managed by Victory, while USSBX is a Short-Term Bond fund managed by Victory. Over the past 10 years, USAAX returned 14.32%/yr vs 3.02%/yr for USSBX. Their -0.05 correlation means they have often moved in opposite directions in the past. USAAX charges 0.84%/yr vs 0.54%/yr for USSBX.
Performance
USAAX vs. USSBX - Performance Comparison
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Returns By Period
In the year-to-date period, USAAX achieves a -2.61% return, which is significantly lower than USSBX's 1.16% return. Over the past 10 years, USAAX has outperformed USSBX with an annualized return of 14.32%, while USSBX has yielded a comparatively lower 3.02% annualized return.
USAAX
- 1D
- 2.06%
- 1M
- -2.34%
- 6M
- -1.37%
- YTD
- -2.61%
- 1Y
- 5.48%
- 3Y*
- 16.96%
- 5Y*
- 9.03%
- 10Y*
- 14.32%
- ALL TIME*
- 9.53%
USSBX
- 1D
- 0.00%
- 1M
- -0.22%
- 6M
- 0.77%
- YTD
- 1.16%
- 1Y
- 3.22%
- 3Y*
- 5.54%
- 5Y*
- 3.13%
- 10Y*
- 3.02%
- ALL TIME*
- 3.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
USAAX USAA Growth Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
USAAX vs. USSBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USAAX USAA Growth Fund | -2.61% | 16.68% | 32.82% | 48.39% | -32.49% | 16.97% | 37.07% | 27.62% | -4.33% | 28.44% |
USSBX USAA Short Term Bond Fund | 1.16% | 5.79% | 6.21% | 5.99% | -2.95% | 1.08% | 4.75% | 5.00% | 1.24% | 2.30% |
Correlation
The correlation between USAAX and USSBX is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.09 |
Correlation (All Time) Calculated using the full available price history since May 28, 1993 | -0.05 |
The correlation between USAAX and USSBX shifts across timeframes, from -0.05 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
USAAX vs. USSBX — Risk / Return Rank
USAAX
USSBX
USAAX vs. USSBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Growth Fund (USAAX) and USAA Short Term Bond Fund (USSBX). 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.
| USAAX | USSBX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -3.89 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.62 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | 3.66 | -3.46 |
| Martin ratioReturn relative to average drawdown | 0.58 | 14.75 | -14.17 |
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Drawdowns
USAAX vs. USSBX - Drawdown Comparison
The maximum USAAX drawdown since its inception was -66.79%, which is greater than USSBX's maximum drawdown of -6.87%. Use the drawdown chart below to compare losses from any high point for USAAX and USSBX.
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Drawdown Indicators
| USAAX | USSBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.79% | -6.87% | -59.92% |
Max Drawdown (1Y)Largest decline over 1 year | -16.92% | -1.09% | -15.83% |
Max Drawdown (3Y)Largest decline over 3 years | -29.85% | -1.09% | -28.76% |
Max Drawdown (5Y)Largest decline over 5 years | -41.75% | -5.11% | -36.64% |
Max Drawdown (10Y)Largest decline over 10 years | -41.75% | -5.57% | -36.18% |
Current DrawdownCurrent decline from peak | -8.14% | -0.33% | -7.81% |
Average DrawdownAverage peak-to-trough decline | -18.77% | -0.63% | -18.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.66% | 0.27% | +5.39% |
Volatility
USAAX vs. USSBX - Volatility Comparison
USAA Growth Fund (USAAX) has a higher volatility of 4.91% compared to USAA Short Term Bond Fund (USSBX) at 0.39%. This indicates that USAAX's price experiences larger fluctuations and is considered to be riskier than USSBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USAAX | USSBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 0.39% | +4.52% |
Volatility (6M)Calculated over the trailing 6-month period | 13.23% | 1.39% | +11.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.97% | 1.81% | +15.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.16% | 2.00% | +22.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.14% | 1.79% | +20.35% |
USAAX vs. USSBX - Expense Ratio Comparison
USAAX has a 0.84% expense ratio, which is higher than USSBX's 0.54% expense ratio.
Dividends
USAAX vs. USSBX - Dividend Comparison
USAAX's dividend yield for the trailing twelve months is around 10.91%, more than USSBX's 4.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USAAX USAA Growth Fund | 10.91% | 10.62% | 10.47% | 6.54% | 6.98% | 10.34% | 4.33% | 26.15% | 13.67% | 2.47% | 5.27% | 6.92% |
USSBX USAA Short Term Bond Fund | 4.18% | 4.51% | 4.32% | 3.37% | 2.38% | 2.72% | 3.41% | 2.79% | 2.44% | 1.94% | 1.86% | 1.69% |
Frequently Asked Questions
USAAX and USSBX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USAAX has higher volatility (4.91%) compared to USSBX (0.39%). In terms of maximum drawdown, USAAX dropped -66.79% vs USSBX's -6.87%.
USSBX currently has the higher Sharpe Ratio (2.20 vs 0.19), 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.
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