USAIX vs. ARINX

Last updated Jun 5, 2026

USAIX (USAA Income Fund) and ARINX (Archer Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, USAIX returned 2.60%/yr vs 2.20%/yr for ARINX. A 0.69 correlation means they provide meaningful diversification when combined. USAIX charges 0.44%/yr vs 0.98%/yr for ARINX.

Performance

USAIX vs. ARINX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USAA Income Fund (USAIX) and Archer Income Fund (ARINX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USAIX achieves a 0.48% return, which is significantly lower than ARINX's 0.53% return. Over the past 10 years, USAIX has outperformed ARINX with an annualized return of 2.60%, while ARINX has yielded a comparatively lower 2.20% annualized return.

USAIX

• 1D: -0.17%
• 1M: 0.31%
• YTD: 0.48%
• 6M: 0.61%
• 1Y: 4.94%
• 3Y*: 4.88%
• 5Y*: 0.67%
• 10Y*: 2.60%

ARINX

• 1D: -0.11%
• 1M: 0.07%
• YTD: 0.53%
• 6M: 0.64%
• 1Y: 3.74%
• 3Y*: 4.71%
• 5Y*: 1.34%
• 10Y*: 2.20%

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

USAIX vs. ARINX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
USAIX USAA Income Fund	0.48%	6.36%	3.32%	7.13%	-13.38%	0.39%	8.18%	11.07%	-1.37%	5.66%
ARINX Archer Income Fund	0.53%	4.42%	4.90%	3.99%	-6.84%	1.52%	4.29%	6.19%	0.35%	3.18%

Correlation

The correlation between USAIX and ARINX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since Mar 10, 2011	0.69

The correlation between USAIX and ARINX shifts across timeframes, from 0.69 (all time) to 0.89 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

USAIX vs. ARINX — Risk / Return Rank

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

USAIX

USAIX Risk / Return Rank: 31
USAIX Sharpe Ratio Rank: 30
USAIX Sortino Ratio Rank: 31
USAIX Omega Ratio Rank: 29
USAIX Calmar Ratio Rank: 35
USAIX Martin Ratio Rank: 28

ARINX

ARINX Risk / Return Rank: 54
ARINX Sharpe Ratio Rank: 56
ARINX Sortino Ratio Rank: 63
ARINX Omega Ratio Rank: 67
ARINX Calmar Ratio Rank: 44
ARINX Martin Ratio Rank: 41

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.

USAIX vs. ARINX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USAA Income Fund (USAIX) and Archer Income Fund (ARINX). 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.

	USAIX	ARINX	Difference
Sharpe ratio: Return per unit of total volatility	1.56	2.19	-0.63
Sortino ratio: Return per unit of downside risk	2.31	3.30	-1.00
Omega ratio: Gain probability vs. loss probability	1.28	1.45	-0.17
Calmar ratio: Return relative to maximum drawdown	2.22	2.50	-0.28
Martin ratio: Return relative to average drawdown	6.61	8.67	-2.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USAIX vs. ARINX - Sharpe Ratio Comparison

The current USAIX Sharpe Ratio is 1.56, which is comparable to the ARINX Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of USAIX and ARINX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	USAIX	ARINX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	2.19	-0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	0.65	-0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	1.12	-0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.53	+0.30

Drawdowns

USAIX vs. ARINX - Drawdown Comparison

The maximum USAIX drawdown since its inception was -18.67%, which is greater than ARINX's maximum drawdown of -9.38%. Use the drawdown chart below to compare losses from any high point for USAIX and ARINX.

Drawdown Indicators

	USAIX	ARINX	Difference
Max Drawdown Largest peak-to-trough decline	-18.67%	-9.38%	-9.29%
Max Drawdown (1Y) Largest decline over 1 year	-2.48%	-1.57%	-0.91%
Max Drawdown (3Y) Largest decline over 3 years	-5.31%	-1.57%	-3.74%
Max Drawdown (5Y) Largest decline over 5 years	-18.67%	-9.38%	-9.29%
Max Drawdown (10Y) Largest decline over 10 years	-18.67%	-9.38%	-9.29%
Current Drawdown Current decline from peak	-1.16%	-0.68%	-0.48%
Average Drawdown Average peak-to-trough decline	-2.97%	-1.72%	-1.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	0.45%	+0.38%

Volatility

USAIX vs. ARINX - Volatility Comparison

USAA Income Fund (USAIX) has a higher volatility of 1.22% compared to Archer Income Fund (ARINX) at 0.78%. This indicates that USAIX's price experiences larger fluctuations and is considered to be riskier than ARINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USAIX	ARINX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.22%	0.78%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	2.53%	1.46%	+1.07%
Volatility (1Y) Calculated over the trailing 1-year period	3.54%	1.79%	+1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.55%	2.06%	+3.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.65%	1.97%	+2.68%

USAIX vs. ARINX - Expense Ratio Comparison

USAIX has a 0.44% expense ratio, which is lower than ARINX's 0.98% expense ratio.

Dividends

USAIX vs. ARINX - Dividend Comparison

USAIX's dividend yield for the trailing twelve months is around 4.06%, more than ARINX's 3.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARINX Archer Income Fund	3.59%	2.72%	3.77%	3.15%	2.72%	2.56%	2.66%	2.69%	2.84%	2.94%	2.84%	2.79%
USAIX USAA Income Fund	4.06%	3.36%	4.00%	3.70%	3.49%	4.84%	4.53%	3.66%	3.50%	3.51%	3.53%	3.65%

Frequently Asked Questions

Can I hold both USAIX and ARINX in my portfolio?

USAIX and ARINX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USAIX or ARINX?

USAIX has higher volatility (1.22%) compared to ARINX (0.78%). In terms of maximum drawdown, USAIX dropped -18.67% vs ARINX's -9.38%.

Which has better risk-adjusted returns?

ARINX currently has the higher Sharpe Ratio (2.19 vs 1.56), 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.