USATX vs. USMIX
Compare and contrast key facts about USAA Tax Exempt Intermediate Term Fund (USATX) and USAA Extended Market Index Fund (USMIX).
USATX is managed by Victory Capital. It was launched on Mar 18, 1982. USMIX is managed by Victory Capital. It was launched on Oct 27, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USATX or USMIX.
Key characteristics
| USATX | USMIX | |
|---|---|---|
| YTD Return | 2.64% | 17.28% |
| 1Y Return | 7.02% | 29.03% |
| 3Y Return (Ann) | 0.00% | -6.83% |
| 5Y Return (Ann) | 1.45% | 5.47% |
| 10Y Return (Ann) | 2.35% | 3.87% |
| Sharpe Ratio | 2.74 | 1.92 |
| Sortino Ratio | 4.36 | 2.72 |
| Omega Ratio | 1.75 | 1.33 |
| Calmar Ratio | 1.04 | 0.90 |
| Martin Ratio | 13.36 | 10.74 |
| Ulcer Index | 0.57% | 3.22% |
| Daily Std Dev | 2.79% | 17.97% |
| Max Drawdown | -12.51% | -61.52% |
| Current Drawdown | -0.84% | -19.69% |
Correlation
The correlation between USATX and USMIX is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
USATX vs. USMIX - Performance Comparison
In the year-to-date period, USATX achieves a 2.64% return, which is significantly lower than USMIX's 17.28% return. Over the past 10 years, USATX has underperformed USMIX with an annualized return of 2.35%, while USMIX has yielded a comparatively higher 3.87% 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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USATX vs. USMIX - Expense Ratio Comparison
USATX has a 0.49% expense ratio, which is higher than USMIX's 0.38% expense ratio.
Risk-Adjusted Performance
USATX vs. USMIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Tax Exempt Intermediate Term Fund (USATX) and USAA Extended Market Index Fund (USMIX). 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
USATX vs. USMIX - Dividend Comparison
USATX's dividend yield for the trailing twelve months is around 3.30%, more than USMIX's 0.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USATX USAA Tax Exempt Intermediate Term Fund | 3.30% | 3.24% | 2.98% | 2.39% | 2.70% | 2.88% | 3.05% | 3.14% | 3.24% | 3.42% | 3.42% | 3.73% |
USMIX USAA Extended Market Index Fund | 0.99% | 1.17% | 1.44% | 0.91% | 0.85% | 1.28% | 1.03% | 0.96% | 1.04% | 0.91% | 0.92% | 0.71% |
Drawdowns
USATX vs. USMIX - Drawdown Comparison
The maximum USATX drawdown since its inception was -12.51%, smaller than the maximum USMIX drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for USATX and USMIX. For additional features, visit the drawdowns tool.
Volatility
USATX vs. USMIX - Volatility Comparison
The current volatility for USAA Tax Exempt Intermediate Term Fund (USATX) is 1.53%, while USAA Extended Market Index Fund (USMIX) has a volatility of 5.88%. This indicates that USATX experiences smaller price fluctuations and is considered to be less risky than USMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.