UVALX vs. HDCTX
UVALX (USAA Value Fund) and HDCTX (Rational Equity Armor Fund) are both Large Cap Value Equities funds. Over the past 10 years, UVALX returned 10.77%/yr vs 4.82%/yr for HDCTX. Their correlation of 0.83 means they have usually moved in the same direction. UVALX charges 0.92%/yr vs 1.17%/yr for HDCTX.
Performance
UVALX vs. HDCTX - Performance Comparison
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Returns By Period
In the year-to-date period, UVALX achieves a 13.22% return, which is significantly higher than HDCTX's 6.06% return. Over the past 10 years, UVALX has outperformed HDCTX with an annualized return of 10.77%, while HDCTX has yielded a comparatively lower 4.82% annualized return.
UVALX
- 1D
- 0.50%
- 1M
- 2.04%
- 6M
- 9.50%
- YTD
- 13.22%
- 1Y
- 26.64%
- 3Y*
- 16.48%
- 5Y*
- 11.54%
- 10Y*
- 10.77%
- ALL TIME*
- 8.71%
HDCTX
- 1D
- 1.06%
- 1M
- -1.55%
- 6M
- 4.51%
- YTD
- 6.06%
- 1Y
- 12.97%
- 3Y*
- 12.83%
- 5Y*
- 5.97%
- 10Y*
- 4.82%
- ALL TIME*
- 5.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
UVALX USAA Value Fund | $0.00 | $0.00 | $0.00 |
UVALX vs. HDCTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UVALX USAA Value Fund | 13.22% | 16.13% | 15.51% | 13.92% | -5.71% | 25.92% | -1.04% | 24.92% | -12.89% | 15.20% |
HDCTX Rational Equity Armor Fund | 6.06% | 12.64% | 16.85% | 2.95% | -10.68% | 14.52% | 15.85% | 11.32% | -11.94% | -1.99% |
Correlation
The correlation between UVALX and HDCTX is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2001 | 0.83 |
Over the past year, the correlation between UVALX and HDCTX has dropped to 0.43 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.
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Return for Risk
UVALX vs. HDCTX — Risk / Return Rank
UVALX
HDCTX
UVALX vs. HDCTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Value Fund (UVALX) and Rational Equity Armor Fund (HDCTX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UVALX | HDCTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.21 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.32 | 1.64 | +1.69 |
| Martin ratioReturn relative to average drawdown | 13.69 | 3.74 | +9.95 |
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Drawdowns
UVALX vs. HDCTX - Drawdown Comparison
The maximum UVALX drawdown since its inception was -57.15%, roughly equal to the maximum HDCTX drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for UVALX and HDCTX.
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Drawdown Indicators
| UVALX | HDCTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.15% | -59.05% | +1.90% |
Max Drawdown (1Y)Largest decline over 1 year | -7.27% | -6.95% | -0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -21.91% | -11.74% | -10.17% |
Max Drawdown (5Y)Largest decline over 5 years | -21.91% | -18.22% | -3.69% |
Max Drawdown (10Y)Largest decline over 10 years | -40.63% | -18.82% | -21.81% |
Current DrawdownCurrent decline from peak | -0.27% | -5.47% | +5.20% |
Average DrawdownAverage peak-to-trough decline | -8.15% | -6.40% | -1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 3.03% | -1.25% |
Volatility
UVALX vs. HDCTX - Volatility Comparison
USAA Value Fund (UVALX) has a higher volatility of 3.04% compared to Rational Equity Armor Fund (HDCTX) at 2.25%. This indicates that UVALX's price experiences larger fluctuations and is considered to be riskier than HDCTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UVALX | HDCTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 2.25% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 7.59% | 7.31% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.79% | 9.63% | +1.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 10.63% | +6.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 11.55% | +6.87% |
UVALX vs. HDCTX - Expense Ratio Comparison
UVALX has a 0.92% expense ratio, which is lower than HDCTX's 1.17% expense ratio.
Dividends
UVALX vs. HDCTX - Dividend Comparison
UVALX's dividend yield for the trailing twelve months is around 9.69%, more than HDCTX's 0.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDCTX Rational Equity Armor Fund | 0.19% | 0.00% | 0.00% | 0.17% | 0.78% | 1.21% | 1.10% | 5.37% | 7.86% | 5.60% | 3.28% | 15.32% |
UVALX USAA Value Fund | 9.69% | 10.97% | 14.09% | 1.23% | 8.14% | 5.99% | 1.58% | 28.71% | 14.41% | 7.33% | 4.28% | 5.51% |
Frequently Asked Questions
UVALX and HDCTX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVALX has higher volatility (3.04%) compared to HDCTX (2.25%). In terms of maximum drawdown, UVALX dropped -57.15% vs HDCTX's -59.05%.
UVALX currently has the higher Sharpe Ratio (2.25 vs 1.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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