USNYX vs. BIV
Compare and contrast key facts about USAA New York Bond Fund (USNYX) and Vanguard Intermediate-Term Bond ETF (BIV).
USNYX is managed by Victory Capital. It was launched on Oct 9, 1990. BIV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USNYX or BIV.
Key characteristics
| USNYX | BIV | |
|---|---|---|
| YTD Return | 2.28% | 2.47% |
| 1Y Return | 11.07% | 9.23% |
| 3Y Return (Ann) | -0.53% | -2.13% |
| 5Y Return (Ann) | 1.20% | 0.38% |
| 10Y Return (Ann) | 2.19% | 1.93% |
| Sharpe Ratio | 2.18 | 1.37 |
| Sortino Ratio | 3.41 | 2.04 |
| Omega Ratio | 1.51 | 1.24 |
| Calmar Ratio | 0.87 | 0.53 |
| Martin Ratio | 10.44 | 4.85 |
| Ulcer Index | 1.03% | 1.72% |
| Daily Std Dev | 4.93% | 6.07% |
| Max Drawdown | -18.01% | -18.94% |
| Current Drawdown | -2.58% | -7.99% |
Correlation
The correlation between USNYX and BIV is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
USNYX vs. BIV - Performance Comparison
In the year-to-date period, USNYX achieves a 2.28% return, which is significantly lower than BIV's 2.47% return. Over the past 10 years, USNYX has outperformed BIV with an annualized return of 2.19%, while BIV has yielded a comparatively lower 1.93% 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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USNYX vs. BIV - Expense Ratio Comparison
USNYX has a 0.67% expense ratio, which is higher than BIV's 0.04% expense ratio.
Risk-Adjusted Performance
USNYX vs. BIV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA New York Bond Fund (USNYX) and Vanguard Intermediate-Term Bond ETF (BIV). 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
USNYX vs. BIV - Dividend Comparison
USNYX's dividend yield for the trailing twelve months is around 3.45%, less than BIV's 3.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USNYX USAA New York Bond Fund | 3.45% | 3.42% | 3.21% | 2.69% | 2.92% | 3.17% | 3.44% | 3.41% | 3.54% | 3.54% | 3.62% | 3.84% |
BIV Vanguard Intermediate-Term Bond ETF | 3.66% | 3.10% | 2.41% | 3.42% | 2.96% | 2.75% | 2.87% | 2.69% | 2.38% | 3.02% | 3.96% | 4.21% |
Drawdowns
USNYX vs. BIV - Drawdown Comparison
The maximum USNYX drawdown since its inception was -18.01%, roughly equal to the maximum BIV drawdown of -18.94%. Use the drawdown chart below to compare losses from any high point for USNYX and BIV. For additional features, visit the drawdowns tool.
Volatility
USNYX vs. BIV - Volatility Comparison
USAA New York Bond Fund (USNYX) has a higher volatility of 2.61% compared to Vanguard Intermediate-Term Bond ETF (BIV) at 1.65%. This indicates that USNYX's price experiences larger fluctuations and is considered to be riskier than BIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.