UVALX vs. SPY
Compare and contrast key facts about USAA Value Fund (UVALX) and State Street SPDR S&P 500 ETF (SPY).
UVALX is managed by Victory. It was launched on Aug 3, 2001. 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.
Performance
UVALX vs. SPY - Performance Comparison
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UVALX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UVALX USAA Value Fund | -0.98% | 16.13% | 15.51% | 13.92% | -5.71% | 25.92% | -1.04% | 24.92% | -12.89% | 15.20% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, UVALX achieves a -0.98% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, UVALX has underperformed SPY with an annualized return of 9.85%, while SPY has yielded a comparatively higher 13.98% annualized return.
UVALX
- 1D
- -0.10%
- 1M
- -7.09%
- YTD
- -0.98%
- 6M
- 3.36%
- 1Y
- 13.53%
- 3Y*
- 14.20%
- 5Y*
- 9.91%
- 10Y*
- 9.85%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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UVALX vs. SPY - Expense Ratio Comparison
UVALX has a 0.92% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
UVALX vs. SPY — Risk / Return Rank
UVALX
SPY
UVALX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Value Fund (UVALX) and State Street 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.
| UVALX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 0.93 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.42 | 1.45 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.22 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.53 | -0.36 |
Martin ratioReturn relative to average drawdown | 5.17 | 7.30 | -2.13 |
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
| UVALX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 0.93 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.69 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.78 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.56 | -0.13 |
Correlation
The correlation between UVALX and SPY is 0.90, 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
UVALX vs. SPY - Dividend Comparison
UVALX's dividend yield for the trailing twelve months is around 11.08%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UVALX USAA Value Fund | 11.08% | 10.97% | 14.09% | 1.23% | 8.14% | 5.99% | 1.58% | 28.71% | 14.41% | 7.33% | 4.28% | 5.51% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
UVALX vs. SPY - Drawdown Comparison
The maximum UVALX drawdown since its inception was -57.15%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for UVALX and SPY.
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Drawdown Indicators
| UVALX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.15% | -55.19% | -1.96% |
Max Drawdown (1Y)Largest decline over 1 year | -11.35% | -12.05% | +0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -21.91% | -24.50% | +2.59% |
Max Drawdown (10Y)Largest decline over 10 years | -40.63% | -33.72% | -6.91% |
Current DrawdownCurrent decline from peak | -7.27% | -6.24% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -8.24% | -9.09% | +0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.52% | +0.04% |
Volatility
UVALX vs. SPY - Volatility Comparison
The current volatility for USAA Value Fund (UVALX) is 2.95%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that UVALX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UVALX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.95% | 5.31% | -2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 7.88% | 9.47% | -1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.25% | 19.05% | -3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.79% | 17.06% | -0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 17.92% | +0.61% |