UTMAX vs. GIPIX
Compare and contrast key facts about USAA Target Managed Allocation Fund (UTMAX) and Goldman Sachs Balanced Strategy Portfolio (GIPIX).
UTMAX is managed by USAA. It was launched on Aug 6, 2015. GIPIX is managed by Goldman Sachs. It was launched on Jan 1, 1998.
Performance
UTMAX vs. GIPIX - Performance Comparison
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UTMAX vs. GIPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTMAX USAA Target Managed Allocation Fund | -4.60% | 15.25% | 13.81% | 14.40% | -20.44% | 21.52% | 13.42% | 22.64% | -9.01% | 13.54% |
GIPIX Goldman Sachs Balanced Strategy Portfolio | -2.44% | 10.80% | 8.51% | 12.49% | -14.43% | 7.94% | 11.09% | 15.68% | -6.52% | 11.63% |
Returns By Period
In the year-to-date period, UTMAX achieves a -4.60% return, which is significantly lower than GIPIX's -2.44% return. Over the past 10 years, UTMAX has outperformed GIPIX with an annualized return of 7.96%, while GIPIX has yielded a comparatively lower 5.45% annualized return.
UTMAX
- 1D
- -0.18%
- 1M
- -9.33%
- YTD
- -4.60%
- 6M
- -1.08%
- 1Y
- 14.56%
- 3Y*
- 11.53%
- 5Y*
- 5.72%
- 10Y*
- 7.96%
GIPIX
- 1D
- 0.09%
- 1M
- -5.43%
- YTD
- -2.44%
- 6M
- -0.36%
- 1Y
- 8.91%
- 3Y*
- 8.13%
- 5Y*
- 3.82%
- 10Y*
- 5.45%
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UTMAX vs. GIPIX - Expense Ratio Comparison
UTMAX has a 0.69% expense ratio, which is higher than GIPIX's 0.19% expense ratio.
Return for Risk
UTMAX vs. GIPIX — Risk / Return Rank
UTMAX
GIPIX
UTMAX vs. GIPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Target Managed Allocation Fund (UTMAX) and Goldman Sachs Balanced Strategy Portfolio (GIPIX). 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.
| UTMAX | GIPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 1.14 | -0.18 |
Sortino ratioReturn per unit of downside risk | 1.33 | 1.60 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.24 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 0.93 | +0.29 |
Martin ratioReturn relative to average drawdown | 5.34 | 4.10 | +1.24 |
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
| UTMAX | GIPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 1.14 | -0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.49 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.68 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.64 | -0.24 |
Correlation
The correlation between UTMAX and GIPIX is 0.88, 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
UTMAX vs. GIPIX - Dividend Comparison
UTMAX's dividend yield for the trailing twelve months is around 7.20%, more than GIPIX's 5.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UTMAX USAA Target Managed Allocation Fund | 7.20% | 6.87% | 1.59% | 1.41% | 4.47% | 27.44% | 5.94% | 4.84% | 11.05% | 1.13% | 1.36% | 1.23% |
GIPIX Goldman Sachs Balanced Strategy Portfolio | 5.95% | 5.22% | 4.06% | 2.12% | 4.56% | 6.37% | 2.25% | 2.51% | 4.70% | 4.51% | 1.46% | 5.73% |
Drawdowns
UTMAX vs. GIPIX - Drawdown Comparison
The maximum UTMAX drawdown since its inception was -40.49%, which is greater than GIPIX's maximum drawdown of -29.46%. Use the drawdown chart below to compare losses from any high point for UTMAX and GIPIX.
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Drawdown Indicators
| UTMAX | GIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.49% | -29.46% | -11.03% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -6.33% | -4.05% |
Max Drawdown (5Y)Largest decline over 5 years | -40.49% | -20.65% | -19.84% |
Max Drawdown (10Y)Largest decline over 10 years | -40.49% | -20.65% | -19.84% |
Current DrawdownCurrent decline from peak | -9.41% | -5.50% | -3.91% |
Average DrawdownAverage peak-to-trough decline | -11.08% | -3.70% | -7.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 1.65% | +0.73% |
Volatility
UTMAX vs. GIPIX - Volatility Comparison
USAA Target Managed Allocation Fund (UTMAX) has a higher volatility of 5.16% compared to Goldman Sachs Balanced Strategy Portfolio (GIPIX) at 2.94%. This indicates that UTMAX's price experiences larger fluctuations and is considered to be riskier than GIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTMAX | GIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 2.94% | +2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 9.97% | 4.78% | +5.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.71% | 8.09% | +6.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.33% | 7.93% | +14.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.24% | 8.06% | +11.18% |