USAGX vs. UCAGX

Last updated Jun 26, 2026

USAGX (USAA Precious Metals and Minerals Fund) and UCAGX (USAA Cornerstone Aggressive Fund) are both mutual funds - USAGX is a Precious Metals fund managed by Victory, while UCAGX is a Diversified Portfolio fund managed by Victory. Over the past 10 years, USAGX returned 10.89%/yr vs 9.53%/yr for UCAGX. At a 0.32 correlation, their price movements are largely independent. USAGX charges 1.12%/yr vs 1.24%/yr for UCAGX.

Performance

USAGX vs. UCAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USAA Precious Metals and Minerals Fund (USAGX) and USAA Cornerstone Aggressive Fund (UCAGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USAGX achieves a -13.20% return, which is significantly lower than UCAGX's 9.32% return. Over the past 10 years, USAGX has outperformed UCAGX with an annualized return of 10.89%, while UCAGX has yielded a comparatively lower 9.53% annualized return.

USAGX

• 1D: -4.18%
• 1M: -15.25%
• YTD: -13.20%
• 6M: -16.68%
• 1Y: 42.45%
• 3Y*: 36.66%
• 5Y*: 17.14%
• 10Y*: 10.89%

UCAGX

• 1D: -0.06%
• 1M: -0.36%
• YTD: 9.32%
• 6M: 8.32%
• 1Y: 22.10%
• 3Y*: 15.88%
• 5Y*: 8.24%
• 10Y*: 9.53%

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

USAGX vs. UCAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
USAGX USAA Precious Metals and Minerals Fund	-13.20%	156.06%	10.76%	6.73%	-11.80%	-10.14%	25.85%	42.97%	-12.26%	9.65%
UCAGX USAA Cornerstone Aggressive Fund	9.32%	19.22%	10.43%	14.37%	-13.55%	16.23%	9.48%	19.96%	-9.34%	17.91%

Correlation

The correlation between USAGX and UCAGX is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jun 13, 2012	0.32

The correlation between USAGX and UCAGX shifts across timeframes, from 0.32 (all time) to 0.50 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

USAGX vs. UCAGX — Risk / Return Rank

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

USAGX

USAGX Risk / Return Rank: 17
USAGX Sharpe Ratio Rank: 17
USAGX Sortino Ratio Rank: 17
USAGX Omega Ratio Rank: 20
USAGX Calmar Ratio Rank: 17
USAGX Martin Ratio Rank: 14

UCAGX

UCAGX Risk / Return Rank: 66
UCAGX Sharpe Ratio Rank: 63
UCAGX Sortino Ratio Rank: 62
UCAGX Omega Ratio Rank: 61
UCAGX Calmar Ratio Rank: 68
UCAGX Martin Ratio Rank: 75

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.

USAGX vs. UCAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USAA Precious Metals and Minerals Fund (USAGX) and USAA Cornerstone Aggressive Fund (UCAGX). 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.

	USAGX	UCAGX	Difference
Sharpe ratio: Return per unit of total volatility	0.95	1.92	-0.97
Sortino ratio: Return per unit of downside risk	1.39	2.70	-1.31
Omega ratio: Gain probability vs. loss probability	1.19	1.35	-0.16
Calmar ratio: Return relative to maximum drawdown	1.18	2.74	-1.56
Martin ratio: Return relative to average drawdown	3.13	11.79	-8.66

USAGX vs. UCAGX - Sharpe Ratio Comparison

The current USAGX Sharpe Ratio is 0.95, which is lower than the UCAGX Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of USAGX and UCAGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

USAGX vs. UCAGX - Drawdown Comparison

The maximum USAGX drawdown since its inception was -80.89%, which is greater than UCAGX's maximum drawdown of -29.07%. Use the drawdown chart below to compare losses from any high point for USAGX and UCAGX.

Drawdown Indicators

	USAGX	UCAGX	Difference
Max Drawdown Largest peak-to-trough decline	-80.89%	-29.07%	-51.82%
Max Drawdown (1Y) Largest decline over 1 year	-36.13%	-8.02%	-28.11%
Max Drawdown (3Y) Largest decline over 3 years	-36.13%	-16.61%	-19.52%
Max Drawdown (5Y) Largest decline over 5 years	-45.72%	-25.37%	-20.35%
Max Drawdown (10Y) Largest decline over 10 years	-51.03%	-29.07%	-21.96%
Current Drawdown Current decline from peak	-35.04%	-1.78%	-33.26%
Average Drawdown Average peak-to-trough decline	-43.05%	-4.88%	-38.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.62%	1.86%	+11.76%

Volatility

USAGX vs. UCAGX - Volatility Comparison

USAA Precious Metals and Minerals Fund (USAGX) has a higher volatility of 17.03% compared to USAA Cornerstone Aggressive Fund (UCAGX) at 4.79%. This indicates that USAGX's price experiences larger fluctuations and is considered to be riskier than UCAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USAGX	UCAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.03%	4.79%	+12.24%
Volatility (6M) Calculated over the trailing 6-month period	38.11%	9.54%	+28.57%
Volatility (1Y) Calculated over the trailing 1-year period	44.97%	11.47%	+33.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.42%	14.24%	+19.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.95%	14.16%	+18.79%

USAGX vs. UCAGX - Expense Ratio Comparison

USAGX has a 1.12% expense ratio, which is lower than UCAGX's 1.24% expense ratio.

Dividends

USAGX vs. UCAGX - Dividend Comparison

USAGX's dividend yield for the trailing twelve months is around 0.28%, less than UCAGX's 10.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UCAGX USAA Cornerstone Aggressive Fund	10.10%	11.04%	8.14%	1.96%	4.79%	8.52%	1.89%	2.03%	5.99%	6.74%	1.48%	2.20%
USAGX USAA Precious Metals and Minerals Fund	0.28%	0.24%	0.00%	2.45%	0.95%	0.84%	0.04%	0.00%	0.00%	0.00%	4.20%	0.00%

Frequently Asked Questions

Can I hold both USAGX and UCAGX in my portfolio?

USAGX and UCAGX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USAGX or UCAGX?

USAGX has higher volatility (17.03%) compared to UCAGX (4.79%). In terms of maximum drawdown, USAGX dropped -80.89% vs UCAGX's -29.07%.

Which has better risk-adjusted returns?

UCAGX currently has the higher Sharpe Ratio (1.92 vs 0.95), 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.