USMIX vs. QQQM
USMIX (USAA Extended Market Index Fund) and QQQM (Invesco NASDAQ 100 ETF) are both funds - USMIX is a Mid Cap Growth Equities fund managed by Victory, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, USMIX returned 6.30%/yr vs 14.31%/yr for QQQM. Their 0.72 correlation means they have sometimes moved together and sometimes differently. USMIX charges 0.38%/yr vs 0.15%/yr for QQQM.
Performance
USMIX vs. QQQM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, USMIX achieves a 14.54% return, which is significantly higher than QQQM's 12.29% return.
USMIX
- 1D
- 0.74%
- 1M
- -0.85%
- 6M
- 10.00%
- YTD
- 14.54%
- 1Y
- 27.62%
- 3Y*
- 14.44%
- 5Y*
- 6.30%
- 10Y*
- 11.58%
- ALL TIME*
- 8.65%
QQQM
- 1D
- 0.69%
- 1M
- -3.45%
- 6M
- 10.92%
- YTD
- 12.29%
- 1Y
- 24.86%
- 3Y*
- 22.37%
- 5Y*
- 14.31%
- 10Y*
- —
- ALL TIME*
- 16.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $962.22M | $908.74M | $1.19B | |
| $0.00 | $0.00 | $0.00 |
USMIX vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
USMIX USAA Extended Market Index Fund | 14.54% | 10.44% | 11.99% | 25.81% | -24.04% | 15.29% | 19.01% |
QQQM Invesco NASDAQ 100 ETF | 12.29% | 20.85% | 25.68% | 55.01% | -32.52% | 27.45% | 6.64% |
Correlation
The correlation between USMIX and QQQM is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020 | 0.72 |
The correlation between USMIX and QQQM has been stable across timeframes, ranging from 0.64 to 0.74 - a consistent structural relationship.
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
USMIX vs. QQQM — Risk / Return Rank
USMIX
QQQM
USMIX vs. QQQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Extended Market Index Fund (USMIX) and Invesco NASDAQ 100 ETF (QQQM). 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.
| USMIX | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.21 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 1.88 | +0.59 |
| Martin ratioReturn relative to average drawdown | 9.02 | 6.01 | +3.01 |
Loading charts...
Drawdowns
USMIX vs. QQQM - Drawdown Comparison
The maximum USMIX drawdown since its inception was -57.91%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for USMIX and QQQM.
Loading charts...
Drawdown Indicators
| USMIX | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.91% | -35.04% | -22.87% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -11.96% | +1.99% |
Max Drawdown (3Y)Largest decline over 3 years | -31.84% | -22.70% | -9.14% |
Max Drawdown (5Y)Largest decline over 5 years | -37.86% | -35.04% | -2.82% |
Max Drawdown (10Y)Largest decline over 10 years | -41.86% | — | — |
Current DrawdownCurrent decline from peak | -1.33% | -7.69% | +6.36% |
Average DrawdownAverage peak-to-trough decline | -11.93% | -8.15% | -3.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 3.74% | -1.01% |
Volatility
USMIX vs. QQQM - Volatility Comparison
The current volatility for USAA Extended Market Index Fund (USMIX) is 3.25%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 6.83%. This indicates that USMIX experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| USMIX | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 6.83% | -3.58% |
Volatility (6M)Calculated over the trailing 6-month period | 11.77% | 15.91% | -4.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.60% | 19.24% | -2.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.94% | 22.74% | +2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.62% | 22.32% | +1.30% |
USMIX vs. QQQM - Expense Ratio Comparison
USMIX has a 0.38% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Dividends
USMIX vs. QQQM - Dividend Comparison
USMIX's dividend yield for the trailing twelve months is around 5.65%, more than QQQM's 0.46% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQM Invesco NASDAQ 100 ETF | 0.46% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USMIX USAA Extended Market Index Fund | 5.65% | 6.47% | 14.41% | 4.41% | 8.78% | 17.98% | 3.32% | 3.18% | 6.48% | 7.48% | 7.07% | 8.02% |
Frequently Asked Questions
USMIX and QQQM have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQM has higher volatility (6.83%) compared to USMIX (3.25%). In terms of maximum drawdown, USMIX dropped -57.91% vs QQQM's -35.04%.
USMIX currently has the higher Sharpe Ratio (1.48 vs 1.17), 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.
Find the right allocation for USMIX and QQQM
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