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USAIX vs. USHYX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

USAIX vs. USHYX - Performance Comparison

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

0.00%2.00%4.00%6.00%JuneJulyAugustSeptemberOctoberNovember
3.25%
5.42%
USAIX
USHYX

Returns By Period

In the year-to-date period, USAIX achieves a 3.23% return, which is significantly lower than USHYX's 6.20% return. Over the past 10 years, USAIX has underperformed USHYX with an annualized return of 1.92%, while USHYX has yielded a comparatively higher 3.72% annualized return.


USAIX

YTD

3.23%

1M

-0.61%

6M

3.25%

1Y

8.08%

5Y (annualized)

0.07%

10Y (annualized)

1.92%

USHYX

YTD

6.20%

1M

0.15%

6M

5.42%

1Y

11.12%

5Y (annualized)

3.83%

10Y (annualized)

3.72%

Key characteristics


USAIXUSHYX
Sharpe Ratio1.613.51
Sortino Ratio2.375.65
Omega Ratio1.291.88
Calmar Ratio0.562.92
Martin Ratio6.2726.42
Ulcer Index1.29%0.42%
Daily Std Dev5.03%3.17%
Max Drawdown-19.74%-33.65%
Current Drawdown-7.34%-0.43%

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USAIX vs. USHYX - Expense Ratio Comparison

USAIX has a 0.44% expense ratio, which is lower than USHYX's 0.76% expense ratio.


USHYX
USAA High Income Fund
Expense ratio chart for USHYX: current value at 0.76% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.76%
Expense ratio chart for USAIX: current value at 0.44% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.44%

Correlation

-0.50.00.51.00.2

The correlation between USAIX and USHYX is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Risk-Adjusted Performance

USAIX vs. USHYX - Risk-Adjusted Performance Comparison

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


Sharpe ratio
The chart of Sharpe ratio for USAIX, currently valued at 1.61, compared to the broader market-1.000.001.002.003.004.005.001.613.51
The chart of Sortino ratio for USAIX, currently valued at 2.37, compared to the broader market0.005.0010.002.375.65
The chart of Omega ratio for USAIX, currently valued at 1.29, compared to the broader market1.002.003.004.001.291.88
The chart of Calmar ratio for USAIX, currently valued at 0.56, compared to the broader market0.005.0010.0015.0020.000.562.92
The chart of Martin ratio for USAIX, currently valued at 6.27, compared to the broader market0.0020.0040.0060.0080.00100.006.2726.42
USAIX
USHYX

The current USAIX Sharpe Ratio is 1.61, which is lower than the USHYX Sharpe Ratio of 3.51. The chart below compares the historical Sharpe Ratios of USAIX and USHYX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
1.61
3.51
USAIX
USHYX

Dividends

USAIX vs. USHYX - Dividend Comparison

USAIX's dividend yield for the trailing twelve months is around 3.68%, less than USHYX's 7.10% yield.


TTM20232022202120202019201820172016201520142013
USAIX
USAA Income Fund
3.68%3.70%3.48%2.80%2.91%3.32%3.46%3.32%3.52%3.65%3.73%3.88%
USHYX
USAA High Income Fund
7.10%7.14%5.88%4.83%5.25%5.79%6.32%5.73%5.94%6.46%5.76%6.05%

Drawdowns

USAIX vs. USHYX - Drawdown Comparison

The maximum USAIX drawdown since its inception was -19.74%, smaller than the maximum USHYX drawdown of -33.65%. Use the drawdown chart below to compare losses from any high point for USAIX and USHYX. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-7.34%
-0.43%
USAIX
USHYX

Volatility

USAIX vs. USHYX - Volatility Comparison

USAA Income Fund (USAIX) has a higher volatility of 1.31% compared to USAA High Income Fund (USHYX) at 0.78%. This indicates that USAIX's price experiences larger fluctuations and is considered to be riskier than USHYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.40%0.60%0.80%1.00%1.20%1.40%1.60%JuneJulyAugustSeptemberOctoberNovember
1.31%
0.78%
USAIX
USHYX