USHYX vs. ITOT
USHYX (USAA High Income Fund) and ITOT (iShares Core S&P Total U.S. Stock Market ETF) are both funds - USHYX is a High Yield Bonds fund managed by Victory, while ITOT is a Large Cap Blend Equities fund tracking the S&P Total Market Index. Over the past 10 years, USHYX returned 5.02%/yr vs 15.11%/yr for ITOT. At a 0.43 correlation, their price movements are largely independent. USHYX charges 0.76%/yr vs 0.03%/yr for ITOT.
Performance
USHYX vs. ITOT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, USHYX achieves a 1.55% return, which is significantly lower than ITOT's 8.94% return. Over the past 10 years, USHYX has underperformed ITOT with an annualized return of 5.02%, while ITOT has yielded a comparatively higher 15.11% annualized return.
USHYX
- 1D
- 0.00%
- 1M
- 0.74%
- YTD
- 1.55%
- 6M
- 1.70%
- 1Y
- 5.86%
- 3Y*
- 8.09%
- 5Y*
- 3.59%
- 10Y*
- 5.02%
ITOT
- 1D
- -1.30%
- 1M
- -0.81%
- YTD
- 8.94%
- 6M
- 7.85%
- 1Y
- 24.26%
- 3Y*
- 20.67%
- 5Y*
- 11.93%
- 10Y*
- 15.11%
USHYX vs. ITOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USHYX USAA High Income Fund | 1.55% | 7.22% | 6.85% | 13.05% | -10.95% | 5.61% | 3.74% | 13.13% | -3.52% | 7.17% |
ITOT iShares Core S&P Total U.S. Stock Market ETF | 8.94% | 17.00% | 23.80% | 26.12% | -19.47% | 25.68% | 20.71% | 30.67% | -5.33% | 21.37% |
Correlation
The correlation between USHYX and ITOT is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2004 | 0.43 |
Over the past year, USHYX and ITOT have become more correlated (0.65) than their long-term average of 0.43, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
USHYX vs. ITOT — Risk / Return Rank
USHYX
ITOT
USHYX vs. ITOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA High Income Fund (USHYX) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| USHYX | ITOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.34 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 2.74 | +0.06 |
| Martin ratioReturn relative to average drawdown | 14.17 | 12.14 | +2.04 |
Loading charts...
Drawdowns
USHYX vs. ITOT - Drawdown Comparison
The maximum USHYX drawdown since its inception was -33.59%, smaller than the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for USHYX and ITOT.
Loading charts...
Drawdown Indicators
| USHYX | ITOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.59% | -55.20% | +21.61% |
Max Drawdown (1Y)Largest decline over 1 year | -2.21% | -8.90% | +6.69% |
Max Drawdown (3Y)Largest decline over 3 years | -3.75% | -19.44% | +15.69% |
Max Drawdown (5Y)Largest decline over 5 years | -15.10% | -25.36% | +10.26% |
Max Drawdown (10Y)Largest decline over 10 years | -24.55% | -35.00% | +10.45% |
Current DrawdownCurrent decline from peak | -0.15% | -2.79% | +2.64% |
Average DrawdownAverage peak-to-trough decline | -2.97% | -6.96% | +3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 2.00% | -1.56% |
Volatility
USHYX vs. ITOT - Volatility Comparison
The current volatility for USAA High Income Fund (USHYX) is 0.71%, while iShares Core S&P Total U.S. Stock Market ETF (ITOT) has a volatility of 4.96%. This indicates that USHYX experiences smaller price fluctuations and is considered to be less risky than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| USHYX | ITOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 4.96% | -4.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.18% | 10.06% | -7.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.62% | 12.85% | -10.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.61% | 17.46% | -12.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.46% | 18.28% | -12.82% |
USHYX vs. ITOT - Expense Ratio Comparison
USHYX has a 0.76% expense ratio, which is higher than ITOT's 0.03% expense ratio.
Dividends
USHYX vs. ITOT - Dividend Comparison
USHYX's dividend yield for the trailing twelve months is around 6.96%, more than ITOT's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITOT iShares Core S&P Total U.S. Stock Market ETF | 1.02% | 1.11% | 1.23% | 1.47% | 1.66% | 1.18% | 1.41% | 1.88% | 2.14% | 1.69% | 1.83% | 2.01% |
USHYX USAA High Income Fund | 6.96% | 5.48% | 7.65% | 7.15% | 5.89% | 4.83% | 5.23% | 5.78% | 6.31% | 5.72% | 5.91% | 6.44% |
Frequently Asked Questions
USHYX and ITOT have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ITOT has higher volatility (4.96%) compared to USHYX (0.71%). In terms of maximum drawdown, USHYX dropped -33.59% vs ITOT's -55.20%.
USHYX currently has the higher Sharpe Ratio (2.37 vs 1.90), 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.
Find the right allocation for USHYX and ITOT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer