USHYX vs. FQTIX
Compare and contrast key facts about USAA High Income Fund (USHYX) and Franklin Templeton SMACS: Series I (FQTIX).
USHYX is managed by Victory. It was launched on Aug 2, 1999. FQTIX is managed by Franklin Templeton. It was launched on Jun 3, 2019.
Performance
USHYX vs. FQTIX - Performance Comparison
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USHYX vs. FQTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
USHYX USAA High Income Fund | -1.04% | 7.22% | 6.85% | 13.05% | -10.95% | 5.61% | 3.74% | 5.67% |
FQTIX Franklin Templeton SMACS: Series I | 0.52% | 7.51% | 8.03% | 13.44% | -14.39% | 8.51% | 3.68% | 4.11% |
Returns By Period
In the year-to-date period, USHYX achieves a -1.04% return, which is significantly lower than FQTIX's 0.52% return.
USHYX
- 1D
- 0.30%
- 1M
- -1.64%
- YTD
- -1.04%
- 6M
- -0.03%
- 1Y
- 6.08%
- 3Y*
- 7.50%
- 5Y*
- 3.54%
- 10Y*
- 5.32%
FQTIX
- 1D
- 0.25%
- 1M
- -1.83%
- YTD
- 0.52%
- 6M
- 2.66%
- 1Y
- 9.72%
- 3Y*
- 7.86%
- 5Y*
- 3.61%
- 10Y*
- —
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USHYX vs. FQTIX - Expense Ratio Comparison
USHYX has a 0.76% expense ratio, which is higher than FQTIX's 0.00% expense ratio.
Return for Risk
USHYX vs. FQTIX — Risk / Return Rank
USHYX
FQTIX
USHYX vs. FQTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA High Income Fund (USHYX) and Franklin Templeton SMACS: Series I (FQTIX). 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.
| USHYX | FQTIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.00 | 2.55 | -0.56 |
Sortino ratioReturn per unit of downside risk | 2.78 | 3.46 | -0.68 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.61 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.38 | 3.85 | -1.47 |
Martin ratioReturn relative to average drawdown | 10.55 | 17.15 | -6.60 |
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
| USHYX | FQTIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 2.55 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.61 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.98 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.28 | 0.55 | +0.74 |
Correlation
The correlation between USHYX and FQTIX is 0.77, 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
USHYX vs. FQTIX - Dividend Comparison
USHYX's dividend yield for the trailing twelve months is around 7.08%, which matches FQTIX's 7.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FQTIX Franklin Templeton SMACS: Series I | 7.03% | 5.70% | 7.86% | 7.64% | 8.10% | 7.15% | 6.89% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
USHYX vs. FQTIX - Drawdown Comparison
The maximum USHYX drawdown since its inception was -33.59%, which is greater than FQTIX's maximum drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for USHYX and FQTIX.
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Drawdown Indicators
| USHYX | FQTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.59% | -24.62% | -8.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.49% | -2.41% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -15.10% | -18.81% | +3.71% |
Max Drawdown (10Y)Largest decline over 10 years | -24.55% | — | — |
Current DrawdownCurrent decline from peak | -1.92% | -1.95% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -2.99% | -4.42% | +1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.56% | 0.54% | +0.02% |
Volatility
USHYX vs. FQTIX - Volatility Comparison
The current volatility for USAA High Income Fund (USHYX) is 1.37%, while Franklin Templeton SMACS: Series I (FQTIX) has a volatility of 1.57%. This indicates that USHYX experiences smaller price fluctuations and is considered to be less risky than FQTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USHYX | FQTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 1.57% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 1.92% | 2.38% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 3.85% | -0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.58% | 5.92% | -1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.47% | 7.80% | -2.33% |