USNYX vs. LSMSX
Compare and contrast key facts about USAA New York Bond Fund (USNYX) and Western Asset SMASh Series TF Fund (LSMSX).
USNYX is managed by Victory. It was launched on Oct 9, 1990. LSMSX is managed by Franklin Templeton. It was launched on Dec 22, 2015.
Performance
USNYX vs. LSMSX - Performance Comparison
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USNYX vs. LSMSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USNYX USAA New York Bond Fund | -1.03% | 3.14% | 2.30% | 7.67% | -11.34% | 3.33% | 3.92% | 6.87% | 1.16% | 4.08% |
LSMSX Western Asset SMASh Series TF Fund | -0.27% | 3.22% | 2.22% | 7.96% | -10.03% | 4.11% | 4.48% | 8.16% | 0.46% | 4.92% |
Returns By Period
In the year-to-date period, USNYX achieves a -1.03% return, which is significantly lower than LSMSX's -0.27% return.
USNYX
- 1D
- 0.19%
- 1M
- -3.40%
- YTD
- -1.03%
- 6M
- 0.71%
- 1Y
- 2.44%
- 3Y*
- 2.82%
- 5Y*
- 0.56%
- 10Y*
- 1.80%
LSMSX
- 1D
- 0.21%
- 1M
- -2.62%
- YTD
- -0.27%
- 6M
- 1.22%
- 1Y
- 3.63%
- 3Y*
- 3.26%
- 5Y*
- 1.12%
- 10Y*
- —
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USNYX vs. LSMSX - Expense Ratio Comparison
USNYX has a 0.67% expense ratio, which is higher than LSMSX's 0.01% expense ratio.
Return for Risk
USNYX vs. LSMSX — Risk / Return Rank
USNYX
LSMSX
USNYX vs. LSMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA New York Bond Fund (USNYX) and Western Asset SMASh Series TF Fund (LSMSX). 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.
| USNYX | LSMSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.36 | 0.67 | -0.31 |
Sortino ratioReturn per unit of downside risk | 0.54 | 0.89 | -0.35 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.20 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.45 | 0.71 | -0.26 |
Martin ratioReturn relative to average drawdown | 1.28 | 1.98 | -0.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USNYX | LSMSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | 0.67 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.25 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.58 | +0.49 |
Correlation
The correlation between USNYX and LSMSX is 0.74, 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.
Dividends
USNYX vs. LSMSX - Dividend Comparison
USNYX's dividend yield for the trailing twelve months is around 3.64%, less than LSMSX's 3.97% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USNYX USAA New York Bond Fund | 3.64% | 4.16% | 4.04% | 3.10% | 3.18% | 2.61% | 3.14% | 3.16% | 3.45% | 3.42% | 3.53% | 3.54% |
LSMSX Western Asset SMASh Series TF Fund | 3.97% | 3.83% | 4.30% | 3.37% | 2.38% | 2.73% | 2.33% | 2.55% | 2.34% | 0.90% | 0.00% | 0.00% |
Drawdowns
USNYX vs. LSMSX - Drawdown Comparison
The maximum USNYX drawdown since its inception was -18.05%, which is greater than LSMSX's maximum drawdown of -15.00%. Use the drawdown chart below to compare losses from any high point for USNYX and LSMSX.
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Drawdown Indicators
| USNYX | LSMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.05% | -15.00% | -3.05% |
Max Drawdown (1Y)Largest decline over 1 year | -7.39% | -6.21% | -1.18% |
Max Drawdown (5Y)Largest decline over 5 years | -18.05% | -15.00% | -3.05% |
Max Drawdown (10Y)Largest decline over 10 years | -18.05% | — | — |
Current DrawdownCurrent decline from peak | -3.40% | -2.62% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -2.17% | -2.88% | +0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 2.21% | +0.38% |
Volatility
USNYX vs. LSMSX - Volatility Comparison
USAA New York Bond Fund (USNYX) has a higher volatility of 1.52% compared to Western Asset SMASh Series TF Fund (LSMSX) at 1.10%. This indicates that USNYX's price experiences larger fluctuations and is considered to be riskier than LSMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USNYX | LSMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 1.10% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 1.60% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.73% | 5.78% | +2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.98% | 4.44% | +1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.05% | 4.52% | +0.53% |