USTEX vs. INDEX
Compare and contrast key facts about USAA Tax Exempt Long Term Fund (USTEX) and Index Funds S&P 500 Equal Weight (INDEX).
USTEX is managed by Victory Capital. It was launched on Mar 18, 1982. INDEX is managed by Fidelity. It was launched on Mar 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USTEX or INDEX.
Correlation
The correlation between USTEX and INDEX 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
USTEX vs. INDEX - Performance Comparison
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Key characteristics
USTEX:
0.09
INDEX:
0.67
USTEX:
0.15
INDEX:
1.05
USTEX:
1.03
INDEX:
1.15
USTEX:
0.06
INDEX:
0.69
USTEX:
0.24
INDEX:
2.63
USTEX:
2.39%
INDEX:
4.91%
USTEX:
8.62%
INDEX:
19.64%
USTEX:
-17.92%
INDEX:
-38.82%
USTEX:
-5.57%
INDEX:
-2.68%
Returns By Period
In the year-to-date period, USTEX achieves a -2.18% return, which is significantly lower than INDEX's 1.77% return. Over the past 10 years, USTEX has underperformed INDEX with an annualized return of 2.13%, while INDEX has yielded a comparatively higher 9.69% annualized return.
USTEX
-2.18%
0.49%
-2.94%
0.75%
2.51%
1.01%
2.13%
INDEX
1.77%
12.92%
1.13%
12.99%
11.50%
15.57%
9.69%
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USTEX vs. INDEX - Expense Ratio Comparison
USTEX has a 0.46% expense ratio, which is higher than INDEX's 0.25% expense ratio.
Risk-Adjusted Performance
USTEX vs. INDEX — Risk-Adjusted Performance Rank
USTEX
INDEX
USTEX vs. INDEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Tax Exempt Long Term Fund (USTEX) and Index Funds S&P 500 Equal Weight (INDEX). 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.
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Dividends
USTEX vs. INDEX - Dividend Comparison
USTEX's dividend yield for the trailing twelve months is around 3.81%, more than INDEX's 1.31% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USTEX USAA Tax Exempt Long Term Fund | 3.81% | 3.68% | 3.65% | 3.46% | 2.74% | 3.15% | 3.42% | 3.79% | 3.89% | 4.14% | 4.24% | 4.18% |
INDEX Index Funds S&P 500 Equal Weight | 1.31% | 1.34% | 1.56% | 1.21% | 1.09% | 1.53% | 1.61% | 1.82% | 1.15% | 1.15% | 1.19% | 0.00% |
Drawdowns
USTEX vs. INDEX - Drawdown Comparison
The maximum USTEX drawdown since its inception was -17.92%, smaller than the maximum INDEX drawdown of -38.82%. Use the drawdown chart below to compare losses from any high point for USTEX and INDEX. For additional features, visit the drawdowns tool.
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Volatility
USTEX vs. INDEX - Volatility Comparison
The current volatility for USAA Tax Exempt Long Term Fund (USTEX) is 1.67%, while Index Funds S&P 500 Equal Weight (INDEX) has a volatility of 5.45%. This indicates that USTEX experiences smaller price fluctuations and is considered to be less risky than INDEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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