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

Key characteristics


USHYXUSAIX
YTD Return6.66%4.22%
1Y Return13.57%11.23%
3Y Return (Ann)2.50%-2.03%
5Y Return (Ann)3.82%0.43%
10Y Return (Ann)3.77%2.06%
Sharpe Ratio4.072.03
Sortino Ratio6.893.03
Omega Ratio2.051.37
Calmar Ratio2.420.66
Martin Ratio31.709.14
Ulcer Index0.42%1.15%
Daily Std Dev3.25%5.19%
Max Drawdown-33.65%-19.74%
Current Drawdown0.00%-6.45%

Correlation

-0.50.00.51.00.2

The correlation between USHYX and USAIX is 0.23, 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.

Performance

USHYX vs. USAIX - Performance Comparison

In the year-to-date period, USHYX achieves a 6.66% return, which is significantly higher than USAIX's 4.22% return. Over the past 10 years, USHYX has outperformed USAIX with an annualized return of 3.77%, while USAIX has yielded a comparatively lower 2.06% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
5.88%
4.71%
USHYX
USAIX

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USHYX vs. USAIX - Expense Ratio Comparison

USHYX has a 0.76% expense ratio, which is higher than USAIX's 0.44% 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 USAIX: current value at 0.44% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.44%

Risk-Adjusted Performance

USHYX vs. USAIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for USAA High Income Fund (USHYX) and USAA Income Fund (USAIX). 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
Sharpe ratio
The chart of Sharpe ratio for USHYX, currently valued at 4.07, compared to the broader market0.002.004.004.07
Sortino ratio
The chart of Sortino ratio for USHYX, currently valued at 6.89, compared to the broader market0.005.0010.006.89
Omega ratio
The chart of Omega ratio for USHYX, currently valued at 2.05, compared to the broader market1.002.003.004.002.05
Calmar ratio
The chart of Calmar ratio for USHYX, currently valued at 2.42, compared to the broader market0.005.0010.0015.0020.0025.002.42
Martin ratio
The chart of Martin ratio for USHYX, currently valued at 31.70, compared to the broader market0.0020.0040.0060.0080.00100.0031.70
USAIX
Sharpe ratio
The chart of Sharpe ratio for USAIX, currently valued at 2.03, compared to the broader market0.002.004.002.03
Sortino ratio
The chart of Sortino ratio for USAIX, currently valued at 3.03, compared to the broader market0.005.0010.003.03
Omega ratio
The chart of Omega ratio for USAIX, currently valued at 1.37, compared to the broader market1.002.003.004.001.37
Calmar ratio
The chart of Calmar ratio for USAIX, currently valued at 0.66, compared to the broader market0.005.0010.0015.0020.0025.000.66
Martin ratio
The chart of Martin ratio for USAIX, currently valued at 9.14, compared to the broader market0.0020.0040.0060.0080.00100.009.14

USHYX vs. USAIX - Sharpe Ratio Comparison

The current USHYX Sharpe Ratio is 4.07, which is higher than the USAIX Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of USHYX and USAIX, 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 Ratio1.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
4.07
2.03
USHYX
USAIX

Dividends

USHYX vs. USAIX - Dividend Comparison

USHYX's dividend yield for the trailing twelve months is around 7.74%, more than USAIX's 3.99% yield.


TTM20232022202120202019201820172016201520142013
USHYX
USAA High Income Fund
7.74%7.14%5.88%4.83%5.25%5.79%6.32%5.73%5.94%6.46%5.76%6.05%
USAIX
USAA Income Fund
3.99%3.70%3.48%2.80%2.91%3.32%3.46%3.32%3.52%3.65%3.73%3.88%

Drawdowns

USHYX vs. USAIX - Drawdown Comparison

The maximum USHYX drawdown since its inception was -33.65%, which is greater than USAIX's maximum drawdown of -19.74%. Use the drawdown chart below to compare losses from any high point for USHYX and USAIX. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-6.45%
USHYX
USAIX

Volatility

USHYX vs. USAIX - Volatility Comparison

The current volatility for USAA High Income Fund (USHYX) is 0.62%, while USAA Income Fund (USAIX) has a volatility of 1.44%. This indicates that USHYX experiences smaller price fluctuations and is considered to be less risky than USAIX 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%JuneJulyAugustSeptemberOctoberNovember
0.62%
1.44%
USHYX
USAIX