USAIX vs. USHYX
Compare and contrast key facts about USAA Income Fund (USAIX) and USAA High Income Fund (USHYX).
USAIX is managed by Victory Capital. It was launched on Mar 4, 1974. USHYX is managed by Victory Capital. It was launched on Aug 2, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USAIX or USHYX.
Key characteristics
| USAIX | USHYX | |
|---|---|---|
| YTD Return | 3.50% | 6.51% |
| 1Y Return | 10.26% | 13.23% |
| 3Y Return (Ann) | -2.02% | 2.58% |
| 5Y Return (Ann) | 0.17% | 3.82% |
| 10Y Return (Ann) | 1.96% | 3.76% |
| Sharpe Ratio | 1.98 | 4.09 |
| Sortino Ratio | 2.97 | 6.96 |
| Omega Ratio | 1.37 | 2.07 |
| Calmar Ratio | 0.65 | 2.48 |
| Martin Ratio | 8.74 | 31.71 |
| Ulcer Index | 1.17% | 0.42% |
| Daily Std Dev | 5.17% | 3.24% |
| Max Drawdown | -19.74% | -33.65% |
| Current Drawdown | -7.09% | -0.14% |
Correlation
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.
Performance
USAIX vs. USHYX - Performance Comparison
In the year-to-date period, USAIX achieves a 3.50% return, which is significantly lower than USHYX's 6.51% return. Over the past 10 years, USAIX has underperformed USHYX with an annualized return of 1.96%, while USHYX has yielded a comparatively higher 3.76% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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.
Dividends
USAIX vs. USHYX - Dividend Comparison
USAIX's dividend yield for the trailing twelve months is around 4.01%, less than USHYX's 7.76% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USAIX USAA Income Fund | 4.01% | 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 | 7.76% | 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.
Volatility
USAIX vs. USHYX - Volatility Comparison
USAA Income Fund (USAIX) has a higher volatility of 1.53% compared to USAA High Income Fund (USHYX) at 0.63%. 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.