USAAX vs. USTEX
Compare and contrast key facts about USAA Growth Fund (USAAX) and USAA Tax Exempt Long Term Fund (USTEX).
USAAX is managed by Victory. It was launched on Apr 5, 1971. USTEX is managed by Victory. It was launched on Mar 18, 1982.
Performance
USAAX vs. USTEX - Performance Comparison
Loading graphics...
USAAX vs. USTEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USAAX USAA Growth Fund | -14.00% | 16.68% | 32.82% | 48.39% | -32.49% | 16.97% | 37.07% | 27.62% | -4.33% | 28.44% |
USTEX USAA Tax Exempt Long Term Fund | -0.83% | 3.60% | 3.51% | 6.91% | -12.39% | 3.53% | 5.45% | 7.49% | 0.82% | 5.44% |
Returns By Period
In the year-to-date period, USAAX achieves a -14.00% return, which is significantly lower than USTEX's -0.83% return. Over the past 10 years, USAAX has outperformed USTEX with an annualized return of 13.58%, while USTEX has yielded a comparatively lower 2.11% annualized return.
USAAX
- 1D
- -0.20%
- 1M
- -9.22%
- YTD
- -14.00%
- 6M
- -13.25%
- 1Y
- 11.52%
- 3Y*
- 18.48%
- 5Y*
- 9.24%
- 10Y*
- 13.58%
USTEX
- 1D
- 0.08%
- 1M
- -3.19%
- YTD
- -0.83%
- 6M
- 1.35%
- 1Y
- 3.25%
- 3Y*
- 3.42%
- 5Y*
- 0.61%
- 10Y*
- 2.11%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
USAAX vs. USTEX - Expense Ratio Comparison
USAAX has a 0.84% expense ratio, which is higher than USTEX's 0.46% expense ratio.
Return for Risk
USAAX vs. USTEX — Risk / Return Rank
USAAX
USTEX
USAAX vs. USTEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Growth Fund (USAAX) and USAA Tax Exempt Long Term Fund (USTEX). 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 | USTEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.51 | 0.48 | +0.03 |
Sortino ratioReturn per unit of downside risk | 0.89 | 0.68 | +0.22 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.17 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.49 | 0.58 | -0.09 |
Martin ratioReturn relative to average drawdown | 1.73 | 1.59 | +0.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| USAAX | USTEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 0.48 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.11 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.42 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.90 | -0.41 |
Correlation
The correlation between USAAX and USTEX is -0.00. 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. USTEX - Dividend Comparison
USAAX's dividend yield for the trailing twelve months is around 12.35%, more than USTEX's 3.78% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USAAX USAA Growth Fund | 12.35% | 10.62% | 10.47% | 6.54% | 6.98% | 10.34% | 4.33% | 26.15% | 13.67% | 2.47% | 5.27% | 6.92% |
USTEX USAA Tax Exempt Long Term Fund | 3.78% | 4.04% | 4.29% | 3.33% | 3.42% | 2.66% | 3.39% | 3.42% | 3.78% | 3.54% | 4.13% | 3.86% |
Drawdowns
USAAX vs. USTEX - Drawdown Comparison
The maximum USAAX drawdown since its inception was -66.79%, which is greater than USTEX's maximum drawdown of -20.42%. Use the drawdown chart below to compare losses from any high point for USAAX and USTEX.
Loading graphics...
Drawdown Indicators
| USAAX | USTEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.79% | -20.42% | -46.37% |
Max Drawdown (1Y)Largest decline over 1 year | -16.92% | -7.08% | -9.84% |
Max Drawdown (5Y)Largest decline over 5 years | -41.75% | -17.95% | -23.80% |
Max Drawdown (10Y)Largest decline over 10 years | -41.75% | -17.95% | -23.80% |
Current DrawdownCurrent decline from peak | -16.92% | -3.19% | -13.73% |
Average DrawdownAverage peak-to-trough decline | -18.87% | -2.86% | -16.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | 2.57% | +2.22% |
Volatility
USAAX vs. USTEX - Volatility Comparison
USAA Growth Fund (USAAX) has a higher volatility of 5.39% compared to USAA Tax Exempt Long Term Fund (USTEX) at 1.09%. This indicates that USAAX's price experiences larger fluctuations and is considered to be riskier than USTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| USAAX | USTEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.39% | 1.09% | +4.30% |
Volatility (6M)Calculated over the trailing 6-month period | 11.85% | 1.94% | +9.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.35% | 8.19% | +14.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.97% | 5.66% | +18.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.02% | 5.03% | +16.99% |