USAWX vs. USSPX

Last updated Apr 1, 2026

Compare and contrast key facts about USAA Sustainable World Fund (USAWX) and USAA 500 Index Fund (USSPX).

USAWX is managed by Victory. It was launched on Sep 30, 1992. USSPX is managed by Victory. It was launched on May 1, 1996.

Performance

USAWX vs. USSPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USAA Sustainable World Fund (USAWX) and USAA 500 Index Fund (USSPX). The values are adjusted to include any dividend payments, if applicable.

USAWX vs. USSPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
USAWX USAA Sustainable World Fund	-3.86%	19.39%	18.13%	24.65%	-19.97%	17.68%	15.73%	32.11%	-9.81%	23.93%
USSPX USAA 500 Index Fund	-7.11%	17.63%	25.04%	26.99%	-19.37%	27.45%	21.21%	31.19%	-4.66%	21.19%

Returns By Period

In the year-to-date period, USAWX achieves a -3.86% return, which is significantly higher than USSPX's -7.11% return. Over the past 10 years, USAWX has underperformed USSPX with an annualized return of 11.08%, while USSPX has yielded a comparatively higher 13.63% annualized return.

USAWX

• 1D: -0.20%
• 1M: -8.74%
• YTD: -3.86%
• 6M: 0.04%
• 1Y: 18.84%
• 3Y*: 16.13%
• 5Y*: 8.87%
• 10Y*: 11.08%

USSPX

• 1D: -0.39%
• 1M: -7.61%
• YTD: -7.11%
• 6M: -4.90%
• 1Y: 14.39%
• 3Y*: 17.23%
• 5Y*: 11.08%
• 10Y*: 13.63%

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

USAWX vs. USSPX - Expense Ratio Comparison

USAWX has a 1.05% expense ratio, which is higher than USSPX's 0.24% expense ratio.

USAWX

USAA Sustainable World Fund

USSPX

USAA 500 Index Fund

Return for Risk

USAWX vs. USSPX — Risk / Return Rank

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

USAWX

USAWX Risk / Return Rank: 67
USAWX Sharpe Ratio Rank: 66
USAWX Sortino Ratio Rank: 68
USAWX Omega Ratio Rank: 67
USAWX Calmar Ratio Rank: 64
USAWX Martin Ratio Rank: 72

USSPX

USSPX Risk / Return Rank: 45
USSPX Sharpe Ratio Rank: 40
USSPX Sortino Ratio Rank: 44
USSPX Omega Ratio Rank: 49
USSPX Calmar Ratio Rank: 41
USSPX Martin Ratio Rank: 52

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.

USAWX vs. USSPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USAA Sustainable World Fund (USAWX) and USAA 500 Index Fund (USSPX). 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.

	USAWX	USSPX	Difference
Sharpe ratio Return per unit of total volatility	1.16	0.83	+0.33
Sortino ratio Return per unit of downside risk	1.69	1.28	+0.41
Omega ratio Gain probability vs. loss probability	1.25	1.20	+0.06
Calmar ratio Return relative to maximum drawdown	1.46	1.04	+0.41
Martin ratio Return relative to average drawdown	6.91	5.06	+1.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USAWX vs. USSPX - Sharpe Ratio Comparison

The current USAWX Sharpe Ratio is 1.16, which is higher than the USSPX Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of USAWX and USSPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	USAWX	USSPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	0.83	+0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.64	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.75	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.51	+0.01

Correlation

The correlation between USAWX and USSPX is 0.86, 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

USAWX vs. USSPX - Dividend Comparison

USAWX's dividend yield for the trailing twelve months is around 12.12%, more than USSPX's 4.47% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
USAWX USAA Sustainable World Fund	12.12%	11.65%	6.66%	1.03%	2.88%	18.85%	4.70%	41.19%	7.16%	4.40%	2.85%	2.88%
USSPX USAA 500 Index Fund	4.47%	4.14%	3.63%	2.07%	2.81%	4.98%	3.38%	4.98%	3.03%	1.34%	2.34%	1.89%

Drawdowns

USAWX vs. USSPX - Drawdown Comparison

The maximum USAWX drawdown since its inception was -51.65%, smaller than the maximum USSPX drawdown of -55.39%. Use the drawdown chart below to compare losses from any high point for USAWX and USSPX.

Drawdown Indicators

	USAWX	USSPX	Difference
Max Drawdown Largest peak-to-trough decline	-51.65%	-55.39%	+3.74%
Max Drawdown (1Y) Largest decline over 1 year	-11.54%	-12.19%	+0.65%
Max Drawdown (5Y) Largest decline over 5 years	-37.47%	-26.88%	-10.59%
Max Drawdown (10Y) Largest decline over 10 years	-37.47%	-33.64%	-3.83%
Current Drawdown Current decline from peak	-9.18%	-8.92%	-0.26%
Average Drawdown Average peak-to-trough decline	-9.90%	-10.19%	+0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.43%	2.51%	-0.08%

Volatility

USAWX vs. USSPX - Volatility Comparison

USAA Sustainable World Fund (USAWX) has a higher volatility of 5.06% compared to USAA 500 Index Fund (USSPX) at 4.27%. This indicates that USAWX's price experiences larger fluctuations and is considered to be riskier than USSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USAWX	USSPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.06%	4.27%	+0.79%
Volatility (6M) Calculated over the trailing 6-month period	9.27%	9.14%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	16.31%	18.23%	-1.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.52%	17.46%	+2.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.59%	18.32%	+0.27%