USSCX vs. SMH
Compare and contrast key facts about USAA Science & Technology Fund (USSCX) and VanEck Semiconductor ETF (SMH).
USSCX is managed by Victory. It was launched on Jul 31, 1997. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011.
Performance
USSCX vs. SMH - Performance Comparison
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USSCX vs. SMH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USSCX USAA Science & Technology Fund | -14.66% | 17.93% | 30.58% | 34.01% | -41.76% | -3.45% | 60.62% | 37.84% | -4.34% | 36.06% |
SMH VanEck Semiconductor ETF | 6.46% | 49.17% | 39.10% | 73.38% | -33.53% | 42.13% | 55.53% | 64.45% | -9.05% | 38.48% |
Returns By Period
In the year-to-date period, USSCX achieves a -14.66% return, which is significantly lower than SMH's 6.46% return. Over the past 10 years, USSCX has underperformed SMH with an annualized return of 11.70%, while SMH has yielded a comparatively higher 31.28% annualized return.
USSCX
- 1D
- -1.34%
- 1M
- -9.27%
- YTD
- -14.66%
- 6M
- -13.47%
- 1Y
- 17.07%
- 3Y*
- 16.19%
- 5Y*
- 0.02%
- 10Y*
- 11.70%
SMH
- 1D
- 5.76%
- 1M
- -5.65%
- YTD
- 6.46%
- 6M
- 17.84%
- 1Y
- 81.87%
- 3Y*
- 43.47%
- 5Y*
- 25.59%
- 10Y*
- 31.28%
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USSCX vs. SMH - Expense Ratio Comparison
USSCX has a 0.95% expense ratio, which is higher than SMH's 0.35% expense ratio.
Return for Risk
USSCX vs. SMH — Risk / Return Rank
USSCX
SMH
USSCX vs. SMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Science & Technology Fund (USSCX) and VanEck Semiconductor ETF (SMH). 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.
| USSCX | SMH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.58 | 2.23 | -1.65 |
Sortino ratioReturn per unit of downside risk | 1.00 | 2.85 | -1.85 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.40 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | 0.69 | 5.10 | -4.40 |
Martin ratioReturn relative to average drawdown | 2.44 | 18.29 | -15.86 |
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
| USSCX | SMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 2.23 | -1.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.74 | -0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.97 | -0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.28 | +0.02 |
Correlation
The correlation between USSCX and SMH is 0.83, 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
USSCX vs. SMH - Dividend Comparison
USSCX's dividend yield for the trailing twelve months is around 11.04%, more than SMH's 0.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USSCX USAA Science & Technology Fund | 11.04% | 9.42% | 0.00% | 0.00% | 0.00% | 15.49% | 5.36% | 27.99% | 16.68% | 8.31% | 4.15% | 6.54% |
SMH VanEck Semiconductor ETF | 0.29% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
Drawdowns
USSCX vs. SMH - Drawdown Comparison
The maximum USSCX drawdown since its inception was -79.48%, smaller than the maximum SMH drawdown of -84.96%. Use the drawdown chart below to compare losses from any high point for USSCX and SMH.
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Drawdown Indicators
| USSCX | SMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.48% | -84.96% | +5.48% |
Max Drawdown (1Y)Largest decline over 1 year | -18.19% | -15.95% | -2.24% |
Max Drawdown (5Y)Largest decline over 5 years | -52.07% | -45.30% | -6.77% |
Max Drawdown (10Y)Largest decline over 10 years | -52.70% | -45.30% | -7.40% |
Current DrawdownCurrent decline from peak | -18.19% | -10.03% | -8.16% |
Average DrawdownAverage peak-to-trough decline | -31.22% | -41.36% | +10.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.18% | 4.44% | +0.74% |
Volatility
USSCX vs. SMH - Volatility Comparison
The current volatility for USAA Science & Technology Fund (USSCX) is 7.40%, while VanEck Semiconductor ETF (SMH) has a volatility of 12.11%. This indicates that USSCX experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USSCX | SMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.40% | 12.11% | -4.71% |
Volatility (6M)Calculated over the trailing 6-month period | 15.65% | 23.95% | -8.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.64% | 36.84% | -10.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.71% | 34.71% | -6.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.38% | 32.28% | -5.90% |