USGNX vs. USHYX
Compare and contrast key facts about USAA Government Securities Fund (USGNX) and USAA High Income Fund (USHYX).
USGNX is managed by Victory. It was launched on Jan 31, 1991. USHYX is managed by Victory. It was launched on Aug 2, 1999.
Performance
USGNX vs. USHYX - Performance Comparison
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USGNX vs. USHYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USGNX USAA Government Securities Fund | -0.27% | 7.20% | 1.94% | 4.13% | -8.13% | -1.05% | 5.48% | 5.60% | 1.05% | 1.35% |
USHYX USAA High Income Fund | -1.04% | 7.22% | 6.85% | 13.05% | -10.95% | 5.61% | 3.74% | 13.13% | -3.52% | 7.17% |
Returns By Period
In the year-to-date period, USGNX achieves a -0.27% return, which is significantly higher than USHYX's -1.04% return. Over the past 10 years, USGNX has underperformed USHYX with an annualized return of 1.57%, while USHYX has yielded a comparatively higher 5.32% annualized return.
USGNX
- 1D
- 0.34%
- 1M
- -1.98%
- YTD
- -0.27%
- 6M
- 1.03%
- 1Y
- 4.13%
- 3Y*
- 3.45%
- 5Y*
- 0.78%
- 10Y*
- 1.57%
USHYX
- 1D
- 0.30%
- 1M
- -1.64%
- YTD
- -1.04%
- 6M
- 0.11%
- 1Y
- 6.23%
- 3Y*
- 7.50%
- 5Y*
- 3.54%
- 10Y*
- 5.32%
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USGNX vs. USHYX - Expense Ratio Comparison
USGNX has a 0.53% expense ratio, which is lower than USHYX's 0.76% expense ratio.
Return for Risk
USGNX vs. USHYX — Risk / Return Rank
USGNX
USHYX
USGNX vs. USHYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Government Securities Fund (USGNX) 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.
| USGNX | USHYX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 2.00 | -0.78 |
Sortino ratioReturn per unit of downside risk | 1.81 | 2.78 | -0.97 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.47 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | 2.08 | 2.38 | -0.30 |
Martin ratioReturn relative to average drawdown | 6.39 | 10.55 | -4.16 |
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
| USGNX | USHYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 2.00 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.78 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.98 | -0.56 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 1.28 | -0.16 |
Correlation
The correlation between USGNX and USHYX is 0.15, 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.
Dividends
USGNX vs. USHYX - Dividend Comparison
USGNX's dividend yield for the trailing twelve months is around 3.49%, less than USHYX's 7.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USGNX USAA Government Securities Fund | 3.49% | 3.75% | 3.65% | 2.77% | 2.07% | 3.02% | 2.84% | 2.46% | 2.26% | 2.07% | 2.07% | 2.38% |
USHYX USAA High Income Fund | 7.08% | 5.48% | 7.65% | 7.15% | 5.89% | 4.83% | 5.23% | 5.78% | 6.31% | 5.72% | 5.91% | 6.44% |
Drawdowns
USGNX vs. USHYX - Drawdown Comparison
The maximum USGNX drawdown since its inception was -12.03%, smaller than the maximum USHYX drawdown of -33.59%. Use the drawdown chart below to compare losses from any high point for USGNX and USHYX.
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Drawdown Indicators
| USGNX | USHYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.03% | -33.59% | +21.56% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -2.49% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -12.03% | -15.10% | +3.07% |
Max Drawdown (10Y)Largest decline over 10 years | -12.03% | -24.55% | +12.52% |
Current DrawdownCurrent decline from peak | -1.98% | -1.92% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -1.36% | -2.99% | +1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.56% | +0.23% |
Volatility
USGNX vs. USHYX - Volatility Comparison
USAA Government Securities Fund (USGNX) and USAA High Income Fund (USHYX) have volatilities of 1.32% and 1.37%, 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
| USGNX | USHYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 1.37% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.22% | 1.92% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 3.06% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.77% | 4.58% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.78% | 5.47% | -1.69% |