USSPX vs. SPY
Compare and contrast key facts about USAA 500 Index Fund (USSPX) and SPDR S&P 500 ETF (SPY).
USSPX is managed by Victory Capital. It was launched on May 1, 1996. 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: USSPX or SPY.
Correlation
The correlation between USSPX and SPY is 0.97, 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.
Performance
USSPX vs. SPY - Performance Comparison
Key characteristics
USSPX:
1.91
SPY:
2.21
USSPX:
2.54
SPY:
2.93
USSPX:
1.36
SPY:
1.41
USSPX:
2.86
SPY:
3.26
USSPX:
12.13
SPY:
14.43
USSPX:
2.03%
SPY:
1.90%
USSPX:
12.89%
SPY:
12.41%
USSPX:
-55.39%
SPY:
-55.19%
USSPX:
-5.30%
SPY:
-2.74%
Returns By Period
In the year-to-date period, USSPX achieves a 22.78% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, USSPX has underperformed SPY with an annualized return of 11.23%, while SPY has yielded a comparatively higher 12.97% annualized return.
USSPX
22.78%
-2.84%
6.75%
23.19%
12.43%
11.23%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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USSPX vs. SPY - Expense Ratio Comparison
USSPX has a 0.24% expense ratio, which is higher than SPY's 0.09% 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%.
Risk-Adjusted Performance
USSPX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA 500 Index Fund (USSPX) 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
USSPX vs. SPY - Dividend Comparison
USSPX's dividend yield for the trailing twelve months is around 0.77%, less than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USSPX USAA 500 Index Fund | 0.77% | 1.22% | 1.43% | 1.00% | 1.30% | 1.64% | 1.89% | 1.55% | 1.92% | 1.79% | 1.64% | 1.56% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
USSPX vs. SPY - Drawdown Comparison
The maximum USSPX drawdown since its inception was -55.39%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for USSPX and SPY. For additional features, visit the drawdowns tool.
Volatility
USSPX vs. SPY - Volatility Comparison
USAA 500 Index Fund (USSPX) has a higher volatility of 4.58% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that USSPX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.