UTMAX vs. URNQX
Compare and contrast key facts about USAA Target Managed Allocation Fund (UTMAX) and Victory Nasdaq 100 Index Fund R6 Shares (URNQX).
UTMAX is managed by USAA. It was launched on Aug 6, 2015. URNQX is a passively managed fund by USAA that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 2, 2017.
Performance
UTMAX vs. URNQX - Performance Comparison
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UTMAX vs. URNQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UTMAX USAA Target Managed Allocation Fund | -1.82% | 15.25% | 13.81% | 14.40% | -20.44% | 21.52% | 13.42% | 22.64% | -9.01% | 9.43% |
URNQX Victory Nasdaq 100 Index Fund R6 Shares | -5.90% | 20.65% | 25.60% | 54.68% | -32.63% | 27.00% | 48.52% | 38.99% | -0.37% | 19.28% |
Returns By Period
In the year-to-date period, UTMAX achieves a -1.82% return, which is significantly higher than URNQX's -5.90% return.
UTMAX
- 1D
- 2.91%
- 1M
- -6.15%
- YTD
- -1.82%
- 6M
- 1.38%
- 1Y
- 17.55%
- 3Y*
- 12.60%
- 5Y*
- 6.04%
- 10Y*
- 8.27%
URNQX
- 1D
- 3.43%
- 1M
- -4.97%
- YTD
- -5.90%
- 6M
- -4.17%
- 1Y
- 22.61%
- 3Y*
- 22.27%
- 5Y*
- 12.76%
- 10Y*
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UTMAX vs. URNQX - Expense Ratio Comparison
UTMAX has a 0.69% expense ratio, which is higher than URNQX's 0.30% expense ratio.
Return for Risk
UTMAX vs. URNQX — Risk / Return Rank
UTMAX
URNQX
UTMAX vs. URNQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Target Managed Allocation Fund (UTMAX) and Victory Nasdaq 100 Index Fund R6 Shares (URNQX). 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 | URNQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 1.04 | +0.16 |
Sortino ratioReturn per unit of downside risk | 1.64 | 1.62 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.86 | -0.18 |
Martin ratioReturn relative to average drawdown | 7.22 | 6.89 | +0.33 |
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 | URNQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 1.04 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.56 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.79 | -0.38 |
Correlation
The correlation between UTMAX and URNQX is 0.82, 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. URNQX - Dividend Comparison
UTMAX's dividend yield for the trailing twelve months is around 7.00%, more than URNQX's 3.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UTMAX USAA Target Managed Allocation Fund | 7.00% | 6.87% | 1.59% | 1.41% | 4.47% | 27.44% | 5.94% | 4.84% | 11.05% | 1.13% | 1.36% | 1.23% |
URNQX Victory Nasdaq 100 Index Fund R6 Shares | 3.32% | 3.13% | 2.31% | 2.72% | 4.32% | 4.59% | 1.64% | 0.92% | 0.80% | 2.07% | 0.00% | 0.00% |
Drawdowns
UTMAX vs. URNQX - Drawdown Comparison
The maximum UTMAX drawdown since its inception was -40.49%, which is greater than URNQX's maximum drawdown of -36.87%. Use the drawdown chart below to compare losses from any high point for UTMAX and URNQX.
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Drawdown Indicators
| UTMAX | URNQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.49% | -36.87% | -3.62% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -12.71% | +2.33% |
Max Drawdown (5Y)Largest decline over 5 years | -40.49% | -36.87% | -3.62% |
Max Drawdown (10Y)Largest decline over 10 years | -40.49% | — | — |
Current DrawdownCurrent decline from peak | -6.77% | -9.02% | +2.25% |
Average DrawdownAverage peak-to-trough decline | -11.08% | -7.14% | -3.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 3.43% | -1.01% |
Volatility
UTMAX vs. URNQX - Volatility Comparison
The current volatility for USAA Target Managed Allocation Fund (UTMAX) is 6.14%, while Victory Nasdaq 100 Index Fund R6 Shares (URNQX) has a volatility of 6.57%. This indicates that UTMAX experiences smaller price fluctuations and is considered to be less risky than URNQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTMAX | URNQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.14% | 6.57% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 10.37% | 12.89% | -2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.96% | 22.75% | -7.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.37% | 22.92% | -0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.26% | 23.39% | -4.13% |