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USMIX vs. USATX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between USMIX and USATX is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0-0.1

Performance

USMIX vs. USATX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USAA Extended Market Index Fund (USMIX) and USAA Tax Exempt Intermediate Term Fund (USATX). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
-1.48%
0.83%
USMIX
USATX

Key characteristics

Sharpe Ratio

USMIX:

-0.02

USATX:

0.70

Sortino Ratio

USMIX:

0.11

USATX:

0.98

Omega Ratio

USMIX:

1.02

USATX:

1.16

Calmar Ratio

USMIX:

-0.01

USATX:

0.42

Martin Ratio

USMIX:

-0.10

USATX:

2.93

Ulcer Index

USMIX:

4.23%

USATX:

0.64%

Daily Std Dev

USMIX:

21.13%

USATX:

2.69%

Max Drawdown

USMIX:

-61.52%

USATX:

-12.51%

Current Drawdown

USMIX:

-32.21%

USATX:

-1.89%

Returns By Period

In the year-to-date period, USMIX achieves a -1.01% return, which is significantly lower than USATX's 1.58% return. Both investments have delivered pretty close results over the past 10 years, with USMIX having a 2.25% annualized return and USATX not far behind at 2.20%.


USMIX

YTD

-1.01%

1M

-17.19%

6M

-2.32%

1Y

-1.06%

5Y*

1.45%

10Y*

2.25%

USATX

YTD

1.58%

1M

-1.03%

6M

0.75%

1Y

1.87%

5Y*

1.11%

10Y*

2.20%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


USMIX vs. USATX - Expense Ratio Comparison

USMIX has a 0.38% expense ratio, which is lower than USATX's 0.49% expense ratio.


USATX
USAA Tax Exempt Intermediate Term Fund
Expense ratio chart for USATX: current value at 0.49% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.49%
Expense ratio chart for USMIX: current value at 0.38% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.38%

Risk-Adjusted Performance

USMIX vs. USATX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for USAA Extended Market Index Fund (USMIX) and USAA Tax Exempt Intermediate Term Fund (USATX). 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.


Sharpe ratio
The chart of Sharpe ratio for USMIX, currently valued at -0.02, compared to the broader market-1.000.001.002.003.004.00-0.020.70
The chart of Sortino ratio for USMIX, currently valued at 0.11, compared to the broader market-2.000.002.004.006.008.0010.000.110.98
The chart of Omega ratio for USMIX, currently valued at 1.02, compared to the broader market0.501.001.502.002.503.003.501.021.16
The chart of Calmar ratio for USMIX, currently valued at -0.01, compared to the broader market0.002.004.006.008.0010.0012.0014.00-0.010.42
The chart of Martin ratio for USMIX, currently valued at -0.10, compared to the broader market0.0020.0040.0060.00-0.102.93
USMIX
USATX

The current USMIX Sharpe Ratio is -0.02, which is lower than the USATX Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of USMIX and USATX, 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 Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
-0.02
0.70
USMIX
USATX

Dividends

USMIX vs. USATX - Dividend Comparison

USMIX has not paid dividends to shareholders, while USATX's dividend yield for the trailing twelve months is around 3.06%.


TTM20232022202120202019201820172016201520142013
USMIX
USAA Extended Market Index Fund
0.00%1.17%1.44%0.91%0.85%1.28%1.03%0.96%1.04%0.91%0.92%0.71%
USATX
USAA Tax Exempt Intermediate Term Fund
3.06%3.24%2.98%2.39%2.70%2.88%3.05%3.14%3.24%3.42%3.42%3.73%

Drawdowns

USMIX vs. USATX - Drawdown Comparison

The maximum USMIX drawdown since its inception was -61.52%, which is greater than USATX's maximum drawdown of -12.51%. Use the drawdown chart below to compare losses from any high point for USMIX and USATX. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-32.21%
-1.89%
USMIX
USATX

Volatility

USMIX vs. USATX - Volatility Comparison

USAA Extended Market Index Fund (USMIX) has a higher volatility of 13.19% compared to USAA Tax Exempt Intermediate Term Fund (USATX) at 0.97%. This indicates that USMIX's price experiences larger fluctuations and is considered to be riskier than USATX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%2.00%4.00%6.00%8.00%10.00%12.00%14.00%JulyAugustSeptemberOctoberNovemberDecember
13.19%
0.97%
USMIX
USATX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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