USGRX vs. FFNOX
Compare and contrast key facts about USAA Growth & Income Fund (USGRX) and Fidelity Multi-Asset Index Fund (FFNOX).
USGRX is managed by Victory Capital. It was launched on Jun 1, 1993. FFNOX is managed by Fidelity. It was launched on Jun 29, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USGRX or FFNOX.
Key characteristics
| USGRX | FFNOX | |
|---|---|---|
| YTD Return | 18.03% | 10.66% |
| 1Y Return | 28.19% | 19.16% |
| 3Y Return (Ann) | 8.85% | 4.40% |
| 5Y Return (Ann) | 13.27% | 9.93% |
| 10Y Return (Ann) | 10.25% | 8.78% |
| Sharpe Ratio | 2.32 | 1.69 |
| Daily Std Dev | 12.01% | 11.20% |
| Max Drawdown | -56.93% | -48.68% |
| Current Drawdown | -0.29% | -0.46% |
Correlation
The correlation between USGRX and FFNOX is 0.95, 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.
Performance
USGRX vs. FFNOX - Performance Comparison
In the year-to-date period, USGRX achieves a 18.03% return, which is significantly higher than FFNOX's 10.66% return. Over the past 10 years, USGRX has outperformed FFNOX with an annualized return of 10.25%, while FFNOX has yielded a comparatively lower 8.78% 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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USGRX vs. FFNOX - Expense Ratio Comparison
USGRX has a 0.81% expense ratio, which is higher than FFNOX's 0.11% expense ratio.
Risk-Adjusted Performance
USGRX vs. FFNOX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Growth & Income Fund (USGRX) and Fidelity Multi-Asset Index Fund (FFNOX). 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
USGRX vs. FFNOX - Dividend Comparison
USGRX's dividend yield for the trailing twelve months is around 0.68%, less than FFNOX's 4.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USGRX USAA Growth & Income Fund | 0.68% | 0.93% | 12.58% | 11.97% | 0.84% | 24.69% | 11.92% | 5.12% | 1.26% | 6.45% | 14.03% | 0.72% |
FFNOX Fidelity Multi-Asset Index Fund | 4.50% | 4.98% | 7.14% | 5.71% | 2.87% | 2.51% | 2.90% | 2.49% | 2.50% | 2.82% | 4.56% | 3.75% |
Drawdowns
USGRX vs. FFNOX - Drawdown Comparison
The maximum USGRX drawdown since its inception was -56.93%, which is greater than FFNOX's maximum drawdown of -48.68%. Use the drawdown chart below to compare losses from any high point for USGRX and FFNOX. For additional features, visit the drawdowns tool.
Volatility
USGRX vs. FFNOX - Volatility Comparison
The current volatility for USAA Growth & Income Fund (USGRX) is 2.94%, while Fidelity Multi-Asset Index Fund (FFNOX) has a volatility of 3.32%. This indicates that USGRX experiences smaller price fluctuations and is considered to be less risky than FFNOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.