USMIX vs. RWJ
Compare and contrast key facts about USAA Extended Market Index Fund (USMIX) and Invesco S&P SmallCap 600 Revenue ETF (RWJ).
USMIX is managed by Victory. It was launched on Oct 27, 2000. RWJ is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Revenue-Weighted Index. It was launched on Feb 22, 2008.
Performance
USMIX vs. RWJ - Performance Comparison
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USMIX vs. RWJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USMIX USAA Extended Market Index Fund | -2.95% | 10.44% | 11.99% | 25.81% | -24.04% | 15.29% | 31.20% | 27.93% | -9.71% | 17.72% |
RWJ Invesco S&P SmallCap 600 Revenue ETF | 3.96% | 7.75% | 11.81% | 16.21% | -10.97% | 52.82% | 20.83% | 20.29% | -16.95% | 5.30% |
Returns By Period
In the year-to-date period, USMIX achieves a -2.95% return, which is significantly lower than RWJ's 3.96% return. Over the past 10 years, USMIX has underperformed RWJ with an annualized return of 10.61%, while RWJ has yielded a comparatively higher 12.12% annualized return.
USMIX
- 1D
- -0.91%
- 1M
- -8.33%
- YTD
- -2.95%
- 6M
- -0.80%
- 1Y
- 16.18%
- 3Y*
- 12.62%
- 5Y*
- 4.03%
- 10Y*
- 10.61%
RWJ
- 1D
- 2.60%
- 1M
- -3.49%
- YTD
- 3.96%
- 6M
- 5.17%
- 1Y
- 25.54%
- 3Y*
- 11.93%
- 5Y*
- 6.87%
- 10Y*
- 12.12%
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USMIX vs. RWJ - Expense Ratio Comparison
USMIX has a 0.38% expense ratio, which is lower than RWJ's 0.39% expense ratio.
Return for Risk
USMIX vs. RWJ — Risk / Return Rank
USMIX
RWJ
USMIX vs. RWJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Extended Market Index Fund (USMIX) and Invesco S&P SmallCap 600 Revenue ETF (RWJ). 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.
| USMIX | RWJ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 1.01 | -0.26 |
Sortino ratioReturn per unit of downside risk | 1.19 | 1.57 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.21 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.97 | 1.59 | -0.62 |
Martin ratioReturn relative to average drawdown | 3.97 | 5.69 | -1.71 |
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
| USMIX | RWJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 1.01 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.29 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.46 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.44 | -0.08 |
Correlation
The correlation between USMIX and RWJ is 0.87, 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
USMIX vs. RWJ - Dividend Comparison
USMIX's dividend yield for the trailing twelve months is around 6.67%, more than RWJ's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USMIX USAA Extended Market Index Fund | 6.67% | 6.47% | 14.41% | 4.41% | 8.78% | 17.98% | 3.32% | 3.18% | 6.48% | 7.48% | 7.07% | 8.02% |
RWJ Invesco S&P SmallCap 600 Revenue ETF | 1.13% | 1.11% | 1.15% | 1.34% | 1.02% | 0.61% | 0.89% | 1.22% | 1.44% | 1.11% | 0.60% | 0.74% |
Drawdowns
USMIX vs. RWJ - Drawdown Comparison
The maximum USMIX drawdown since its inception was -57.91%, roughly equal to the maximum RWJ drawdown of -55.97%. Use the drawdown chart below to compare losses from any high point for USMIX and RWJ.
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Drawdown Indicators
| USMIX | RWJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.91% | -55.97% | -1.94% |
Max Drawdown (1Y)Largest decline over 1 year | -14.21% | -16.11% | +1.90% |
Max Drawdown (5Y)Largest decline over 5 years | -37.86% | -29.29% | -8.57% |
Max Drawdown (10Y)Largest decline over 10 years | -41.86% | -51.33% | +9.47% |
Current DrawdownCurrent decline from peak | -9.97% | -7.49% | -2.48% |
Average DrawdownAverage peak-to-trough decline | -12.06% | -9.31% | -2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 4.50% | -1.03% |
Volatility
USMIX vs. RWJ - Volatility Comparison
The current volatility for USAA Extended Market Index Fund (USMIX) is 5.54%, while Invesco S&P SmallCap 600 Revenue ETF (RWJ) has a volatility of 6.15%. This indicates that USMIX experiences smaller price fluctuations and is considered to be less risky than RWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USMIX | RWJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.54% | 6.15% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 12.32% | 13.97% | -1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.64% | 25.39% | -3.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.96% | 23.88% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.63% | 26.16% | -2.53% |