USHYX vs. USSCX

Last updated Jun 5, 2026

USHYX (USAA High Income Fund) and USSCX (USAA Science & Technology Fund) are both mutual funds - USHYX is a High Yield Bonds fund managed by Victory, while USSCX is a Technology Equities fund managed by Victory. Over the past 10 years, USHYX returned 5.04%/yr vs 15.48%/yr for USSCX. At a 0.32 correlation, their price movements are largely independent. USHYX charges 0.76%/yr vs 0.95%/yr for USSCX.

Performance

USHYX vs. USSCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USAA High Income Fund (USHYX) and USAA Science & Technology Fund (USSCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USHYX achieves a 1.10% return, which is significantly lower than USSCX's 22.01% return. Over the past 10 years, USHYX has underperformed USSCX with an annualized return of 5.04%, while USSCX has yielded a comparatively higher 15.48% annualized return.

USHYX

• 1D: -0.29%
• 1M: 0.20%
• YTD: 1.10%
• 6M: 1.54%
• 1Y: 6.05%
• 3Y*: 8.02%
• 5Y*: 3.61%
• 10Y*: 5.04%

USSCX

• 1D: -1.31%
• 1M: 11.69%
• YTD: 22.01%
• 6M: 19.32%
• 1Y: 43.08%
• 3Y*: 27.94%
• 5Y*: 7.68%
• 10Y*: 15.48%

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

USHYX vs. USSCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
USHYX USAA High Income Fund	1.10%	7.22%	6.85%	13.05%	-10.95%	5.61%	3.74%	13.13%	-3.52%	7.17%
USSCX USAA Science & Technology Fund	22.01%	17.93%	30.58%	34.01%	-41.76%	-3.45%	60.62%	37.84%	-4.34%	36.06%

Correlation

The correlation between USHYX and USSCX is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Aug 2, 1999	0.32

Over the past year, USHYX and USSCX have become more correlated (0.54) than their long-term average of 0.32, meaning their price movements have been converging.

Return for Risk

USHYX vs. USSCX — Risk / Return Rank

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

USHYX

USHYX Risk / Return Rank: 71
USHYX Sharpe Ratio Rank: 68
USHYX Sortino Ratio Rank: 75
USHYX Omega Ratio Rank: 79
USHYX Calmar Ratio Rank: 55
USHYX Martin Ratio Rank: 76

USSCX

USSCX Risk / Return Rank: 45
USSCX Sharpe Ratio Rank: 54
USSCX Sortino Ratio Rank: 44
USSCX Omega Ratio Rank: 45
USSCX Calmar Ratio Rank: 42
USSCX Martin Ratio Rank: 40

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.

USHYX vs. USSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USAA High Income Fund (USHYX) and USAA Science & Technology Fund (USSCX). 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	USSCX	Difference
Sharpe ratio: Return per unit of total volatility	2.41	2.17	+0.24
Sortino ratio: Return per unit of downside risk	3.64	2.80	+0.84
Omega ratio: Gain probability vs. loss probability	1.53	1.36	+0.16
Calmar ratio: Return relative to maximum drawdown	2.82	2.46	+0.35
Martin ratio: Return relative to average drawdown	14.32	8.54	+5.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USHYX vs. USSCX - Sharpe Ratio Comparison

The current USHYX Sharpe Ratio is 2.41, which is comparable to the USSCX Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of USHYX and USSCX, 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

	USHYX	USSCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	2.17	+0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.27	+0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.92	0.59	+0.34
Sharpe Ratio (All Time) Calculated using the full available price history	1.30	0.34	+0.95

Drawdowns

USHYX vs. USSCX - Drawdown Comparison

The maximum USHYX drawdown since its inception was -33.59%, smaller than the maximum USSCX drawdown of -79.48%. Use the drawdown chart below to compare losses from any high point for USHYX and USSCX.

Drawdown Indicators

	USHYX	USSCX	Difference
Max Drawdown Largest peak-to-trough decline	-33.59%	-79.48%	+45.89%
Max Drawdown (1Y) Largest decline over 1 year	-2.21%	-18.19%	+15.98%
Max Drawdown (3Y) Largest decline over 3 years	-3.75%	-28.82%	+25.07%
Max Drawdown (5Y) Largest decline over 5 years	-15.10%	-52.07%	+36.97%
Max Drawdown (10Y) Largest decline over 10 years	-24.55%	-52.70%	+28.15%
Current Drawdown Current decline from peak	-0.29%	-1.31%	+1.02%
Average Drawdown Average peak-to-trough decline	-2.97%	-31.05%	+28.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.43%	5.24%	-4.81%

Volatility

USHYX vs. USSCX - Volatility Comparison

The current volatility for USAA High Income Fund (USHYX) is 0.79%, while USAA Science & Technology Fund (USSCX) has a volatility of 5.13%. This indicates that USHYX experiences smaller price fluctuations and is considered to be less risky than USSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USHYX	USSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.79%	5.13%	-4.34%
Volatility (6M) Calculated over the trailing 6-month period	2.14%	16.25%	-14.11%
Volatility (1Y) Calculated over the trailing 1-year period	2.58%	20.67%	-18.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.60%	28.70%	-24.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.47%	26.53%	-21.06%

USHYX vs. USSCX - Expense Ratio Comparison

USHYX has a 0.76% expense ratio, which is lower than USSCX's 0.95% expense ratio.

Dividends

USHYX vs. USSCX - Dividend Comparison

USHYX's dividend yield for the trailing twelve months is around 6.98%, less than USSCX's 7.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
USHYX USAA High Income Fund	6.98%	5.48%	7.65%	7.15%	5.89%	4.83%	5.23%	5.78%	6.31%	5.72%	5.91%	6.44%
USSCX USAA Science & Technology Fund	7.72%	9.42%	0.00%	0.00%	0.00%	15.49%	5.36%	27.99%	16.68%	8.31%	4.15%	6.54%

Frequently Asked Questions

Can I hold both USHYX and USSCX in my portfolio?

USHYX and USSCX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USHYX or USSCX?

USSCX has higher volatility (5.13%) compared to USHYX (0.79%). In terms of maximum drawdown, USHYX dropped -33.59% vs USSCX's -79.48%.

Which has better risk-adjusted returns?

USHYX currently has the higher Sharpe Ratio (2.41 vs 2.17), 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.