USAIX vs. VBTLX
Compare and contrast key facts about USAA Income Fund (USAIX) and Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX).
USAIX is managed by Victory. It was launched on Mar 4, 1974. VBTLX is managed by Vanguard. It was launched on Nov 12, 2001.
Performance
USAIX vs. VBTLX - Performance Comparison
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USAIX vs. VBTLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USAIX USAA Income Fund | -0.34% | 6.36% | 3.32% | 7.13% | -13.38% | 0.39% | 8.18% | 11.07% | -1.37% | 5.66% |
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | -0.28% | 7.17% | 1.26% | 5.74% | -13.16% | -1.81% | 7.72% | 8.73% | -0.25% | 3.56% |
Returns By Period
In the year-to-date period, USAIX achieves a -0.34% return, which is significantly lower than VBTLX's -0.28% return. Over the past 10 years, USAIX has outperformed VBTLX with an annualized return of 2.75%, while VBTLX has yielded a comparatively lower 1.62% annualized return.
USAIX
- 1D
- 0.52%
- 1M
- -1.98%
- YTD
- -0.34%
- 6M
- 0.57%
- 1Y
- 4.05%
- 3Y*
- 4.45%
- 5Y*
- 0.86%
- 10Y*
- 2.75%
VBTLX
- 1D
- 0.21%
- 1M
- -1.63%
- YTD
- -0.28%
- 6M
- 0.40%
- 1Y
- 3.66%
- 3Y*
- 3.51%
- 5Y*
- 0.19%
- 10Y*
- 1.62%
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USAIX vs. VBTLX - Expense Ratio Comparison
USAIX has a 0.44% expense ratio, which is higher than VBTLX's 0.05% expense ratio.
Return for Risk
USAIX vs. VBTLX — Risk / Return Rank
USAIX
VBTLX
USAIX vs. VBTLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Income Fund (USAIX) and Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX). 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 | VBTLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 0.92 | +0.09 |
Sortino ratioReturn per unit of downside risk | 1.36 | 1.33 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.16 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.66 | +0.13 |
Martin ratioReturn relative to average drawdown | 5.49 | 4.70 | +0.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USAIX | VBTLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 0.92 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.03 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.33 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.76 | +0.07 |
Correlation
The correlation between USAIX and VBTLX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
USAIX vs. VBTLX - Dividend Comparison
USAIX's dividend yield for the trailing twelve months is around 4.07%, more than VBTLX's 3.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USAIX USAA Income Fund | 4.07% | 3.36% | 4.00% | 3.70% | 3.49% | 4.84% | 4.53% | 3.66% | 3.50% | 3.51% | 3.53% | 3.65% |
VBTLX Vanguard Total Bond Market Index Fund Admiral Shares | 3.61% | 3.87% | 3.69% | 3.10% | 2.59% | 1.96% | 2.39% | 2.74% | 2.57% | 2.56% | 2.53% | 2.82% |
Drawdowns
USAIX vs. VBTLX - Drawdown Comparison
The maximum USAIX drawdown since its inception was -18.67%, roughly equal to the maximum VBTLX drawdown of -18.81%. Use the drawdown chart below to compare losses from any high point for USAIX and VBTLX.
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Drawdown Indicators
| USAIX | VBTLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.67% | -18.81% | +0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -2.73% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -18.67% | -18.14% | -0.53% |
Max Drawdown (10Y)Largest decline over 10 years | -18.67% | -18.81% | +0.14% |
Current DrawdownCurrent decline from peak | -1.98% | -2.86% | +0.88% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -2.67% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 0.97% | -0.10% |
Volatility
USAIX vs. VBTLX - Volatility Comparison
USAA Income Fund (USAIX) and Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) have volatilities of 1.56% and 1.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USAIX | VBTLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 1.55% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.40% | 2.59% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.21% | 4.36% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.53% | 5.98% | -0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.64% | 4.97% | -0.33% |