USSBX vs. SPY
Compare and contrast key facts about USAA Short Term Bond Fund (USSBX) and SPDR S&P 500 ETF (SPY).
USSBX is managed by Victory Capital. It was launched on Jun 1, 1993. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USSBX or SPY.
Key characteristics
| USSBX | SPY | |
|---|---|---|
| YTD Return | 5.48% | 18.86% |
| 1Y Return | 9.28% | 28.13% |
| 3Y Return (Ann) | 2.81% | 9.87% |
| 5Y Return (Ann) | 3.09% | 15.23% |
| 10Y Return (Ann) | 2.60% | 12.80% |
| Sharpe Ratio | 4.24 | 2.21 |
| Daily Std Dev | 2.19% | 12.60% |
| Max Drawdown | -7.80% | -55.19% |
| Current Drawdown | -0.11% | -0.61% |
Correlation
The correlation between USSBX and SPY is -0.04. 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
USSBX vs. SPY - Performance Comparison
In the year-to-date period, USSBX achieves a 5.48% return, which is significantly lower than SPY's 18.86% return. Over the past 10 years, USSBX has underperformed SPY with an annualized return of 2.60%, while SPY has yielded a comparatively higher 12.80% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
USSBX vs. SPY - Expense Ratio Comparison
USSBX has a 0.54% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
USSBX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Short Term Bond Fund (USSBX) and SPDR S&P 500 ETF (SPY). 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
USSBX vs. SPY - Dividend Comparison
USSBX's dividend yield for the trailing twelve months is around 4.29%, more than SPY's 0.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USSBX USAA Short Term Bond Fund | 4.29% | 3.70% | 2.40% | 2.77% | 3.22% | 2.79% | 2.43% | 1.95% | 1.87% | 1.69% | 1.76% | 1.99% |
SPY SPDR S&P 500 ETF | 0.94% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
USSBX vs. SPY - Drawdown Comparison
The maximum USSBX drawdown since its inception was -7.80%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for USSBX and SPY. For additional features, visit the drawdowns tool.
Volatility
USSBX vs. SPY - Volatility Comparison
The current volatility for USAA Short Term Bond Fund (USSBX) is 0.57%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.84%. This indicates that USSBX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.