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USHYX vs. BND
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

USHYX vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USAA High Income Fund (USHYX) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

0.00%2.00%4.00%6.00%JuneJulyAugustSeptemberOctoberNovember
5.42%
3.23%
USHYX
BND

Returns By Period

In the year-to-date period, USHYX achieves a 6.20% return, which is significantly higher than BND's 1.66% return. Over the past 10 years, USHYX has outperformed BND with an annualized return of 3.74%, while BND has yielded a comparatively lower 1.39% annualized return.


USHYX

YTD

6.20%

1M

-0.11%

6M

5.42%

1Y

11.12%

5Y (annualized)

3.84%

10Y (annualized)

3.74%

BND

YTD

1.66%

1M

-0.79%

6M

3.22%

1Y

6.06%

5Y (annualized)

-0.33%

10Y (annualized)

1.39%

Key characteristics


USHYXBND
Sharpe Ratio3.561.09
Sortino Ratio5.721.59
Omega Ratio1.891.19
Calmar Ratio2.960.42
Martin Ratio26.873.51
Ulcer Index0.42%1.75%
Daily Std Dev3.17%5.65%
Max Drawdown-33.65%-18.84%
Current Drawdown-0.43%-9.11%

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USHYX vs. BND - Expense Ratio Comparison

USHYX has a 0.76% expense ratio, which is higher than BND's 0.03% expense ratio.


USHYX
USAA High Income Fund
Expense ratio chart for USHYX: current value at 0.76% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.76%
Expense ratio chart for BND: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Correlation

-0.50.00.51.00.1

The correlation between USHYX and BND 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.

Risk-Adjusted Performance

USHYX vs. BND - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for USAA High Income Fund (USHYX) and Vanguard Total Bond Market ETF (BND). 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.


Sharpe ratio
The chart of Sharpe ratio for USHYX, currently valued at 3.56, compared to the broader market-1.000.001.002.003.004.005.003.561.09
The chart of Sortino ratio for USHYX, currently valued at 5.72, compared to the broader market0.005.0010.005.721.59
The chart of Omega ratio for USHYX, currently valued at 1.89, compared to the broader market1.002.003.004.001.891.19
The chart of Calmar ratio for USHYX, currently valued at 2.96, compared to the broader market0.005.0010.0015.0020.002.960.42
The chart of Martin ratio for USHYX, currently valued at 26.87, compared to the broader market0.0020.0040.0060.0080.00100.0026.873.51
USHYX
BND

The current USHYX Sharpe Ratio is 3.56, which is higher than the BND Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of USHYX and BND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
3.56
1.09
USHYX
BND

Dividends

USHYX vs. BND - Dividend Comparison

USHYX's dividend yield for the trailing twelve months is around 7.10%, more than BND's 3.57% yield.


TTM20232022202120202019201820172016201520142013
USHYX
USAA High Income Fund
7.10%7.14%5.88%4.83%5.25%5.79%6.32%5.73%5.94%6.46%5.76%6.05%
BND
Vanguard Total Bond Market ETF
3.57%3.09%2.60%1.97%2.22%2.72%2.81%2.54%2.51%2.57%2.79%2.78%

Drawdowns

USHYX vs. BND - Drawdown Comparison

The maximum USHYX drawdown since its inception was -33.65%, which is greater than BND's maximum drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for USHYX and BND. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.43%
-9.11%
USHYX
BND

Volatility

USHYX vs. BND - Volatility Comparison

The current volatility for USAA High Income Fund (USHYX) is 0.80%, while Vanguard Total Bond Market ETF (BND) has a volatility of 1.52%. This indicates that USHYX experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.40%0.60%0.80%1.00%1.20%1.40%1.60%1.80%JuneJulyAugustSeptemberOctoberNovember
0.80%
1.52%
USHYX
BND