UVALX vs. USBLX

Last updated Jun 6, 2026

UVALX (USAA Value Fund) and USBLX (USAA Growth and Tax Strategy Fund) are both mutual funds - UVALX is a Large Cap Value Equities fund managed by Victory, while USBLX is a Diversified Portfolio fund managed by Victory. Over the past 10 years, UVALX returned 10.35%/yr vs 8.27%/yr for USBLX. Their correlation of 0.86 suggests significant overlap in exposure. UVALX charges 0.92%/yr vs 0.58%/yr for USBLX.

Performance

UVALX vs. USBLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USAA Value Fund (UVALX) and USAA Growth and Tax Strategy Fund (USBLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UVALX achieves a 7.92% return, which is significantly higher than USBLX's 6.70% return. Over the past 10 years, UVALX has outperformed USBLX with an annualized return of 10.35%, while USBLX has yielded a comparatively lower 8.27% annualized return.

UVALX

• 1D: 1.01%
• 1M: 0.72%
• YTD: 7.92%
• 6M: 8.45%
• 1Y: 23.34%
• 3Y*: 17.43%
• 5Y*: 10.12%
• 10Y*: 10.35%

USBLX

• 1D: 0.28%
• 1M: 1.95%
• YTD: 6.70%
• 6M: 6.56%
• 1Y: 17.71%
• 3Y*: 13.05%
• 5Y*: 6.83%
• 10Y*: 8.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UVALX vs. USBLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UVALX USAA Value Fund	7.92%	16.13%	15.51%	13.92%	-5.71%	25.92%	-1.04%	24.92%	-12.89%	15.20%
USBLX USAA Growth and Tax Strategy Fund	6.70%	10.30%	13.32%	16.10%	-15.82%	14.80%	10.78%	18.46%	-1.95%	13.48%

Correlation

The correlation between UVALX and USBLX is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Aug 6, 2001	0.86

The correlation between UVALX and USBLX shifts across timeframes, from 0.68 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

Return for Risk

UVALX vs. USBLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UVALX

UVALX Risk / Return Rank: 62
UVALX Sharpe Ratio Rank: 57
UVALX Sortino Ratio Rank: 61
UVALX Omega Ratio Rank: 52
UVALX Calmar Ratio Rank: 73
UVALX Martin Ratio Rank: 67

USBLX

USBLX Risk / Return Rank: 84
USBLX Sharpe Ratio Rank: 88
USBLX Sortino Ratio Rank: 86
USBLX Omega Ratio Rank: 82
USBLX Calmar Ratio Rank: 77
USBLX Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UVALX vs. USBLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USAA Value Fund (UVALX) and USAA Growth and Tax Strategy Fund (USBLX). 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	USBLX	Difference
Sharpe ratio: Return per unit of total volatility	2.17	2.83	-0.66
Sortino ratio: Return per unit of downside risk	3.18	4.08	-0.90
Omega ratio: Gain probability vs. loss probability	1.39	1.54	-0.15
Calmar ratio: Return relative to maximum drawdown	3.20	3.36	-0.17
Martin ratio: Return relative to average drawdown	12.56	16.50	-3.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UVALX vs. USBLX - Sharpe Ratio Comparison

The current UVALX Sharpe Ratio is 2.17, which is comparable to the USBLX Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of UVALX and USBLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UVALX	USBLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.17	2.83	-0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.79	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.91	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.82	-0.37

Drawdowns

UVALX vs. USBLX - Drawdown Comparison

The maximum UVALX drawdown since its inception was -57.15%, which is greater than USBLX's maximum drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for UVALX and USBLX.

Drawdown Indicators

	UVALX	USBLX	Difference
Max Drawdown Largest peak-to-trough decline	-57.15%	-33.49%	-23.66%
Max Drawdown (1Y) Largest decline over 1 year	-7.27%	-5.24%	-2.03%
Max Drawdown (3Y) Largest decline over 3 years	-21.91%	-11.66%	-10.25%
Max Drawdown (5Y) Largest decline over 5 years	-21.91%	-20.51%	-1.40%
Max Drawdown (10Y) Largest decline over 10 years	-40.63%	-21.93%	-18.70%
Current Drawdown Current decline from peak	0.00%	-0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.19%	-4.30%	-3.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	1.07%	+0.78%

Volatility

UVALX vs. USBLX - Volatility Comparison

USAA Value Fund (UVALX) has a higher volatility of 2.47% compared to USAA Growth and Tax Strategy Fund (USBLX) at 1.76%. This indicates that UVALX's price experiences larger fluctuations and is considered to be riskier than USBLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UVALX	USBLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.47%	1.76%	+0.71%
Volatility (6M) Calculated over the trailing 6-month period	7.51%	4.87%	+2.64%
Volatility (1Y) Calculated over the trailing 1-year period	10.74%	6.23%	+4.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.77%	8.65%	+8.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.52%	9.08%	+9.44%

UVALX vs. USBLX - Expense Ratio Comparison

UVALX has a 0.92% expense ratio, which is higher than USBLX's 0.58% expense ratio.

Dividends

UVALX vs. USBLX - Dividend Comparison

UVALX's dividend yield for the trailing twelve months is around 10.16%, more than USBLX's 2.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
USBLX USAA Growth and Tax Strategy Fund	2.01%	1.96%	2.28%	2.11%	1.74%	1.66%	1.88%	1.95%	2.73%	2.16%	2.31%	2.69%
UVALX USAA Value Fund	10.16%	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

Can I hold both UVALX and USBLX in my portfolio?

UVALX and USBLX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UVALX or USBLX?

UVALX has higher volatility (2.47%) compared to USBLX (1.76%). In terms of maximum drawdown, UVALX dropped -57.15% vs USBLX's -33.49%.

Which has better risk-adjusted returns?

USBLX currently has the higher Sharpe Ratio (2.83 vs 2.17), 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.