Correlation
The correlation between USMIX and SPY is 0.89, 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.
USMIX vs. SPY
Compare and contrast key facts about USAA Extended Market Index Fund (USMIX) and SPDR S&P 500 ETF (SPY).
USMIX is managed by Victory Capital. It was launched on Oct 27, 2000. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USMIX or SPY.
Performance
USMIX vs. SPY - Performance Comparison
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Key characteristics
USMIX:
0.12
SPY:
0.68
USMIX:
0.46
SPY:
1.11
USMIX:
1.07
SPY:
1.16
USMIX:
0.16
SPY:
0.75
USMIX:
0.38
SPY:
2.86
USMIX:
13.16%
SPY:
4.93%
USMIX:
28.25%
SPY:
20.44%
USMIX:
-57.91%
SPY:
-55.19%
USMIX:
-19.81%
SPY:
-3.01%
Returns By Period
In the year-to-date period, USMIX achieves a -5.17% return, which is significantly lower than SPY's 1.44% return. Over the past 10 years, USMIX has underperformed SPY with an annualized return of 8.15%, while SPY has yielded a comparatively higher 12.88% annualized return.
USMIX
-5.17%
2.64%
-12.08%
3.28%
7.16%
10.25%
8.15%
SPY
1.44%
4.58%
-1.18%
13.82%
14.68%
15.35%
12.88%
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USMIX vs. SPY - Expense Ratio Comparison
USMIX has a 0.38% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
USMIX vs. SPY — Risk-Adjusted Performance Rank
USMIX
SPY
USMIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Extended Market Index Fund (USMIX) and SPDR S&P 500 ETF (SPY). 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.
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Dividends
USMIX vs. SPY - Dividend Comparison
USMIX's dividend yield for the trailing twelve months is around 15.19%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USMIX USAA Extended Market Index Fund | 15.19% | 14.41% | 4.42% | 8.78% | 17.98% | 3.32% | 3.18% | 6.47% | 7.48% | 7.07% | 8.02% | 4.80% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
USMIX vs. SPY - Drawdown Comparison
The maximum USMIX drawdown since its inception was -57.91%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for USMIX and SPY.
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Volatility
USMIX vs. SPY - Volatility Comparison
USAA Extended Market Index Fund (USMIX) has a higher volatility of 6.10% compared to SPDR S&P 500 ETF (SPY) at 4.85%. This indicates that USMIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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