USNQX vs. USSTX
USNQX (USAA Nasdaq 100 Index Fund) and USSTX (USAA Tax Exempt Short Term Fund) are both mutual funds - USNQX is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while USSTX is a Municipal Bonds fund managed by Victory. Over the past 10 years, USNQX returned 21.88%/yr vs 1.81%/yr for USSTX. At a correlation of -0.04, they often move in opposite directions. USNQX charges 0.42%/yr vs 0.49%/yr for USSTX.
Performance
USNQX vs. USSTX - Performance Comparison
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Returns By Period
In the year-to-date period, USNQX achieves a 20.60% return, which is significantly higher than USSTX's 1.12% return. Over the past 10 years, USNQX has outperformed USSTX with an annualized return of 21.88%, while USSTX has yielded a comparatively lower 1.81% annualized return.
USNQX
- 1D
- 2.49%
- 1M
- 3.20%
- YTD
- 20.60%
- 6M
- 19.59%
- 1Y
- 40.96%
- 3Y*
- 26.79%
- 5Y*
- 17.09%
- 10Y*
- 21.88%
USSTX
- 1D
- 0.00%
- 1M
- 0.72%
- YTD
- 1.12%
- 6M
- 1.37%
- 1Y
- 3.88%
- 3Y*
- 4.14%
- 5Y*
- 1.90%
- 10Y*
- 1.81%
USNQX vs. USSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USNQX USAA Nasdaq 100 Index Fund | 20.60% | 20.52% | 25.42% | 54.46% | -32.71% | 26.82% | 48.31% | 38.86% | -0.43% | 32.30% |
USSTX USAA Tax Exempt Short Term Fund | 1.12% | 4.73% | 3.65% | 4.11% | -4.15% | 1.23% | 2.38% | 2.69% | 1.60% | 1.81% |
Correlation
The correlation between USNQX and USSTX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2000 | -0.04 |
The correlation between USNQX and USSTX shifts across timeframes, from -0.04 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
USNQX vs. USSTX — Risk / Return Rank
USNQX
USSTX
USNQX vs. USSTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Nasdaq 100 Index Fund (USNQX) and USAA Tax Exempt Short Term Fund (USSTX). 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.
| USNQX | USSTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.86 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | 2.90 | +0.46 |
| Martin ratioReturn relative to average drawdown | 12.47 | 10.28 | +2.19 |
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Drawdowns
USNQX vs. USSTX - Drawdown Comparison
The maximum USNQX drawdown since its inception was -76.24%, which is greater than USSTX's maximum drawdown of -6.82%. Use the drawdown chart below to compare losses from any high point for USNQX and USSTX.
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Drawdown Indicators
| USNQX | USSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.24% | -6.82% | -69.42% |
Max Drawdown (1Y)Largest decline over 1 year | -12.07% | -1.34% | -10.73% |
Max Drawdown (3Y)Largest decline over 3 years | -22.88% | -1.95% | -20.93% |
Max Drawdown (5Y)Largest decline over 5 years | -36.95% | -6.82% | -30.13% |
Max Drawdown (10Y)Largest decline over 10 years | -36.95% | -6.82% | -30.13% |
Current DrawdownCurrent decline from peak | -0.78% | -0.17% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -26.71% | -0.67% | -26.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 0.38% | +2.87% |
Volatility
USNQX vs. USSTX - Volatility Comparison
USAA Nasdaq 100 Index Fund (USNQX) has a higher volatility of 8.49% compared to USAA Tax Exempt Short Term Fund (USSTX) at 0.41%. This indicates that USNQX's price experiences larger fluctuations and is considered to be riskier than USSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USNQX | USSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.49% | 0.41% | +8.08% |
Volatility (6M)Calculated over the trailing 6-month period | 14.36% | 1.06% | +13.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.72% | 1.43% | +16.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.13% | 1.99% | +21.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.78% | 1.85% | +20.93% |
USNQX vs. USSTX - Expense Ratio Comparison
USNQX has a 0.42% expense ratio, which is lower than USSTX's 0.49% expense ratio.
Dividends
USNQX vs. USSTX - Dividend Comparison
USNQX's dividend yield for the trailing twelve months is around 2.50%, less than USSTX's 2.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USNQX USAA Nasdaq 100 Index Fund | 2.50% | 3.01% | 2.19% | 2.60% | 4.13% | 4.48% | 1.53% | 0.88% | 0.69% | 1.97% | 0.50% | 2.73% |
USSTX USAA Tax Exempt Short Term Fund | 2.73% | 3.04% | 3.38% | 2.50% | 1.89% | 1.13% | 1.48% | 1.79% | 1.78% | 1.50% | 1.42% | 1.52% |
Frequently Asked Questions
USNQX and USSTX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USNQX has higher volatility (8.49%) compared to USSTX (0.41%). In terms of maximum drawdown, USNQX dropped -76.24% vs USSTX's -6.82%.
USSTX currently has the higher Sharpe Ratio (2.73 vs 2.29), 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.
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