VFORX vs. URSIX
VFORX (Vanguard Target Retirement 2040 Fund) and URSIX (USAA Target Retirement 2060 Fund) are both Target Retirement Date funds. Over the past 10 years, VFORX returned 10.15%/yr vs 10.23%/yr for URSIX. Their 0.97 correlation means they have historically moved very closely together. VFORX charges 0.08%/yr vs 0.10%/yr for URSIX.
Performance
VFORX vs. URSIX - Performance Comparison
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Returns By Period
In the year-to-date period, VFORX achieves a 8.23% return, which is significantly lower than URSIX's 13.54% return. Both investments have delivered pretty close results over the past 10 years, with VFORX having a 10.15% annualized return and URSIX not far ahead at 10.23%.
VFORX
- 1D
- 1.58%
- 1M
- -0.53%
- 6M
- 5.57%
- YTD
- 8.23%
- 1Y
- 18.10%
- 3Y*
- 14.62%
- 5Y*
- 8.09%
- 10Y*
- 10.15%
- ALL TIME*
- 8.12%
URSIX
- 1D
- 1.42%
- 1M
- 0.56%
- 6M
- 9.91%
- YTD
- 13.54%
- 1Y
- 25.18%
- 3Y*
- 16.85%
- 5Y*
- 9.74%
- 10Y*
- 10.23%
- ALL TIME*
- 8.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VFORX vs. URSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFORX Vanguard Target Retirement 2040 Fund | 8.23% | 18.77% | 12.90% | 18.56% | -17.00% | 14.55% | 15.48% | 23.86% | -7.32% | 18.45% |
URSIX USAA Target Retirement 2060 Fund | 13.54% | 19.62% | 13.05% | 18.22% | -15.78% | 17.70% | 10.17% | 20.09% | -9.17% | 19.52% |
Correlation
The correlation between VFORX and URSIX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jul 22, 2013 | 0.97 |
The correlation between VFORX and URSIX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
VFORX vs. URSIX — Risk / Return Rank
VFORX
URSIX
VFORX vs. URSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2040 Fund (VFORX) and USAA Target Retirement 2060 Fund (URSIX). 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.
| VFORX | URSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.34 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 2.81 | -0.63 |
| Martin ratioReturn relative to average drawdown | 9.06 | 12.09 | -3.03 |
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Drawdowns
VFORX vs. URSIX - Drawdown Comparison
The maximum VFORX drawdown since its inception was -51.63%, which is greater than URSIX's maximum drawdown of -30.33%. Use the drawdown chart below to compare losses from any high point for VFORX and URSIX.
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Drawdown Indicators
| VFORX | URSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.63% | -30.33% | -21.30% |
Max Drawdown (1Y)Largest decline over 1 year | -7.70% | -8.32% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -12.12% | -14.35% | +2.23% |
Max Drawdown (5Y)Largest decline over 5 years | -24.32% | -23.85% | -0.47% |
Max Drawdown (10Y)Largest decline over 10 years | -29.35% | -30.33% | +0.98% |
Current DrawdownCurrent decline from peak | -1.71% | -0.28% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -6.73% | -4.40% | -2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 1.93% | -0.07% |
Volatility
VFORX vs. URSIX - Volatility Comparison
Vanguard Target Retirement 2040 Fund (VFORX) and USAA Target Retirement 2060 Fund (URSIX) have volatilities of 3.18% and 3.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFORX | URSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 3.06% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 8.97% | 10.34% | -1.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.70% | 12.45% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.56% | 14.21% | -1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.62% | 14.52% | -0.90% |
VFORX vs. URSIX - Expense Ratio Comparison
VFORX has a 0.08% expense ratio, which is lower than URSIX's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VFORX vs. URSIX - Dividend Comparison
VFORX's dividend yield for the trailing twelve months is around 2.56%, less than URSIX's 4.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
URSIX USAA Target Retirement 2060 Fund | 4.93% | 5.60% | 2.55% | 2.89% | 10.97% | 7.07% | 4.79% | 5.88% | 4.77% | 3.82% | 3.01% | 1.73% |
VFORX Vanguard Target Retirement 2040 Fund | 2.56% | 2.77% | 2.86% | 2.38% | 2.60% | 20.68% | 2.06% | 2.28% | 2.58% | 0.04% | 2.40% | 2.99% |
Frequently Asked Questions
With a correlation of 0.98, VFORX and URSIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VFORX has higher volatility (3.18%) compared to URSIX (3.06%). In terms of maximum drawdown, VFORX dropped -51.63% vs URSIX's -30.33%.
URSIX currently has the higher Sharpe Ratio (1.88 vs 1.57), 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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