USMIX vs. USATX
Compare and contrast key facts about USAA Extended Market Index Fund (USMIX) and USAA Tax Exempt Intermediate Term Fund (USATX).
USMIX is managed by Victory Capital. It was launched on Oct 27, 2000. USATX is managed by Victory Capital. It was launched on Mar 18, 1982.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USMIX or USATX.
Key characteristics
| USMIX | USATX | |
|---|---|---|
| YTD Return | 18.00% | 2.56% |
| 1Y Return | 35.40% | 7.56% |
| 3Y Return (Ann) | -6.65% | -0.02% |
| 5Y Return (Ann) | 5.72% | 1.44% |
| 10Y Return (Ann) | 3.93% | 2.34% |
| Sharpe Ratio | 1.97 | 2.71 |
| Sortino Ratio | 2.77 | 4.31 |
| Omega Ratio | 1.34 | 1.74 |
| Calmar Ratio | 0.88 | 0.96 |
| Martin Ratio | 10.98 | 13.26 |
| Ulcer Index | 3.22% | 0.57% |
| Daily Std Dev | 17.96% | 2.79% |
| Max Drawdown | -61.52% | -12.51% |
| Current Drawdown | -19.20% | -0.92% |
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.
Performance
USMIX vs. USATX - Performance Comparison
In the year-to-date period, USMIX achieves a 18.00% return, which is significantly higher than USATX's 2.56% return. Over the past 10 years, USMIX has outperformed USATX with an annualized return of 3.93%, while USATX has yielded a comparatively lower 2.34% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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USMIX vs. USATX - Expense Ratio Comparison
USMIX has a 0.38% expense ratio, which is lower than USATX's 0.49% expense ratio.
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.
Dividends
USMIX vs. USATX - Dividend Comparison
USMIX's dividend yield for the trailing twelve months is around 0.99%, less than USATX's 3.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USMIX USAA Extended Market Index Fund | 0.99% | 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 | 3.30% | 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.
Volatility
USMIX vs. USATX - Volatility Comparison
USAA Extended Market Index Fund (USMIX) has a higher volatility of 5.83% compared to USAA Tax Exempt Intermediate Term Fund (USATX) at 1.54%. 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.