USGRX vs. VUG

Last updated Jun 3, 2026

USGRX (USAA Growth & Income Fund) and VUG (Vanguard Growth ETF) are both funds - USGRX is a Large Cap Blend Equities fund managed by Victory, while VUG is a Large Cap Growth Equities fund tracking the CRSP US Large Cap Growth Index. Over the past 10 years, USGRX returned 13.09%/yr vs 18.40%/yr for VUG. Their correlation of 0.92 suggests significant overlap in exposure. USGRX charges 0.81%/yr vs 0.03%/yr for VUG.

Performance

USGRX vs. VUG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USAA Growth & Income Fund (USGRX) and Vanguard Growth ETF (VUG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USGRX achieves a 9.98% return, which is significantly lower than VUG's 10.86% return. Over the past 10 years, USGRX has underperformed VUG with an annualized return of 13.09%, while VUG has yielded a comparatively higher 18.40% annualized return.

USGRX

• 1D: 0.25%
• 1M: 4.13%
• YTD: 9.98%
• 6M: 10.41%
• 1Y: 25.85%
• 3Y*: 20.62%
• 5Y*: 12.25%
• 10Y*: 13.09%

VUG

• 1D: -0.28%
• 1M: 7.37%
• YTD: 10.86%
• 6M: 10.14%
• 1Y: 30.39%
• 3Y*: 26.46%
• 5Y*: 15.71%
• 10Y*: 18.40%

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

USGRX vs. VUG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
USGRX USAA Growth & Income Fund	9.98%	15.94%	21.47%	26.69%	-18.52%	22.53%	17.45%	21.78%	-8.76%	20.67%
VUG Vanguard Growth ETF	10.86%	19.40%	32.69%	46.83%	-33.16%	27.35%	40.25%	37.03%	-3.32%	27.72%

Correlation

The correlation between USGRX and VUG is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Feb 2, 2004	0.92

The correlation between USGRX and VUG shifts across timeframes, from 0.79 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.

Return for Risk

USGRX vs. VUG — Risk / Return Rank

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

USGRX

USGRX Risk / Return Rank: 78
USGRX Sharpe Ratio Rank: 80
USGRX Sortino Ratio Rank: 75
USGRX Omega Ratio Rank: 72
USGRX Calmar Ratio Rank: 78
USGRX Martin Ratio Rank: 83

VUG

VUG Risk / Return Rank: 49
VUG Sharpe Ratio Rank: 56
VUG Sortino Ratio Rank: 53
VUG Omega Ratio Rank: 54
VUG Calmar Ratio Rank: 38
VUG Martin Ratio Rank: 41

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.

USGRX vs. VUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USAA Growth & Income Fund (USGRX) and Vanguard Growth ETF (VUG). 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.

	USGRX	VUG	Difference
Sharpe ratio Return per unit of total volatility	2.61	1.93	+0.67
Sortino ratio Return per unit of downside risk	3.62	2.60	+1.02
Omega ratio Gain probability vs. loss probability	1.48	1.34	+0.14
Calmar ratio Return relative to maximum drawdown	3.55	1.90	+1.65
Martin ratio Return relative to average drawdown	15.79	6.65	+9.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USGRX vs. VUG - Sharpe Ratio Comparison

The current USGRX Sharpe Ratio is 2.61, which is higher than the VUG Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of USGRX and VUG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	USGRX	VUG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.61	1.93	+0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.71	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.86	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.62	-0.13

Drawdowns

USGRX vs. VUG - Drawdown Comparison

The maximum USGRX drawdown since its inception was -56.93%, which is greater than VUG's maximum drawdown of -50.68%. Use the drawdown chart below to compare losses from any high point for USGRX and VUG.

Drawdown Indicators

	USGRX	VUG	Difference
Max Drawdown Largest peak-to-trough decline	-56.93%	-50.68%	-6.25%
Max Drawdown (1Y) Largest decline over 1 year	-7.47%	-16.53%	+9.06%
Max Drawdown (3Y) Largest decline over 3 years	-29.29%	-22.85%	-6.44%
Max Drawdown (5Y) Largest decline over 5 years	-30.81%	-35.61%	+4.80%
Max Drawdown (10Y) Largest decline over 10 years	-34.48%	-35.61%	+1.13%
Current Drawdown Current decline from peak	0.00%	-0.28%	+0.28%
Average Drawdown Average peak-to-trough decline	-8.71%	-7.09%	-1.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	4.71%	-3.03%

Volatility

USGRX vs. VUG - Volatility Comparison

The current volatility for USAA Growth & Income Fund (USGRX) is 2.18%, while Vanguard Growth ETF (VUG) has a volatility of 3.52%. This indicates that USGRX experiences smaller price fluctuations and is considered to be less risky than VUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USGRX	VUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.18%	3.52%	-1.34%
Volatility (6M) Calculated over the trailing 6-month period	7.35%	12.05%	-4.70%
Volatility (1Y) Calculated over the trailing 1-year period	10.16%	15.80%	-5.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.85%	22.22%	-1.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.09%	21.44%	-1.35%

USGRX vs. VUG - Expense Ratio Comparison

USGRX has a 0.81% expense ratio, which is higher than VUG's 0.03% expense ratio.

Dividends

USGRX vs. VUG - Dividend Comparison

USGRX's dividend yield for the trailing twelve months is around 7.47%, more than VUG's 0.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
USGRX USAA Growth & Income Fund	7.47%	8.06%	20.65%	0.93%	12.58%	11.97%	0.84%	24.69%	11.92%	5.12%	1.26%	6.45%
VUG Vanguard Growth ETF	0.37%	0.41%	0.47%	0.58%	0.70%	0.48%	0.66%	0.95%	1.32%	1.14%	1.39%	1.30%

Frequently Asked Questions

Can I hold both USGRX and VUG in my portfolio?

USGRX and VUG have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USGRX or VUG?

VUG has higher volatility (3.52%) compared to USGRX (2.18%). In terms of maximum drawdown, USGRX dropped -56.93% vs VUG's -50.68%.

Which has better risk-adjusted returns?

USGRX currently has the higher Sharpe Ratio (2.61 vs 1.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.