USSPX vs. FXAIX
Compare and contrast key facts about USAA 500 Index Fund (USSPX) and Fidelity 500 Index Fund (FXAIX).
USSPX is managed by Victory. It was launched on May 1, 1996. FXAIX is a passively managed fund by Fidelity that tracks the performance of the S&P 500 Index. It was launched on Feb 17, 1988.
Performance
USSPX vs. FXAIX - Performance Comparison
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USSPX vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USSPX USAA 500 Index Fund | -7.11% | 17.63% | 25.04% | 26.99% | -19.37% | 27.45% | 21.21% | 31.19% | -4.66% | 21.19% |
FXAIX Fidelity 500 Index Fund | -7.05% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Returns By Period
The year-to-date returns for both investments are quite close, with USSPX having a -7.11% return and FXAIX slightly higher at -7.05%. Both investments have delivered pretty close results over the past 10 years, with USSPX having a 13.63% annualized return and FXAIX not far ahead at 13.75%.
USSPX
- 1D
- -0.39%
- 1M
- -7.61%
- YTD
- -7.11%
- 6M
- -4.90%
- 1Y
- 14.39%
- 3Y*
- 17.23%
- 5Y*
- 11.08%
- 10Y*
- 13.63%
FXAIX
- 1D
- -0.39%
- 1M
- -7.68%
- YTD
- -7.05%
- 6M
- -4.59%
- 1Y
- 14.42%
- 3Y*
- 17.17%
- 5Y*
- 11.40%
- 10Y*
- 13.75%
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USSPX vs. FXAIX - Expense Ratio Comparison
USSPX has a 0.24% expense ratio, which is higher than FXAIX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
USSPX vs. FXAIX — Risk / Return Rank
USSPX
FXAIX
USSPX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA 500 Index Fund (USSPX) and Fidelity 500 Index Fund (FXAIX). 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.
| USSPX | FXAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.84 | -0.01 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.30 | -0.01 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.04 | 1.05 | -0.01 |
Martin ratioReturn relative to average drawdown | 5.06 | 5.13 | -0.07 |
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
| USSPX | FXAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.84 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.68 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.77 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.75 | -0.24 |
Correlation
The correlation between USSPX and FXAIX is 0.99, 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
USSPX vs. FXAIX - Dividend Comparison
USSPX's dividend yield for the trailing twelve months is around 4.47%, more than FXAIX's 1.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USSPX USAA 500 Index Fund | 4.47% | 4.14% | 3.63% | 2.07% | 2.81% | 4.98% | 3.38% | 4.98% | 3.03% | 1.34% | 2.34% | 1.89% |
FXAIX Fidelity 500 Index Fund | 1.20% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Drawdowns
USSPX vs. FXAIX - Drawdown Comparison
The maximum USSPX drawdown since its inception was -55.39%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for USSPX and FXAIX.
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Drawdown Indicators
| USSPX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.39% | -33.79% | -21.60% |
Max Drawdown (1Y)Largest decline over 1 year | -12.19% | -12.13% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -26.88% | -24.50% | -2.38% |
Max Drawdown (10Y)Largest decline over 10 years | -33.64% | -33.79% | +0.15% |
Current DrawdownCurrent decline from peak | -8.92% | -8.89% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -10.19% | -3.83% | -6.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.50% | +0.01% |
Volatility
USSPX vs. FXAIX - Volatility Comparison
USAA 500 Index Fund (USSPX) and Fidelity 500 Index Fund (FXAIX) have volatilities of 4.27% and 4.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USSPX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 4.24% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 9.14% | 9.08% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.23% | 18.13% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.46% | 16.88% | +0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.32% | 18.03% | +0.29% |