VTIVX vs. URFRX
Compare and contrast key facts about Vanguard Target Retirement 2045 Fund (VTIVX) and USAA Target Retirement 2040 Fund (URFRX).
VTIVX is managed by Vanguard. It was launched on Oct 27, 2003. URFRX is managed by Victory. It was launched on Jul 30, 2008.
Performance
VTIVX vs. URFRX - Performance Comparison
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VTIVX vs. URFRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTIVX Vanguard Target Retirement 2045 Fund | -1.30% | 20.01% | 13.68% | 19.72% | -17.38% | 16.16% | 16.31% | 24.94% | -7.89% | 19.16% |
URFRX USAA Target Retirement 2040 Fund | 0.14% | 17.49% | 10.37% | 16.75% | -14.86% | 15.88% | 9.22% | 19.57% | -8.52% | 18.48% |
Returns By Period
In the year-to-date period, VTIVX achieves a -1.30% return, which is significantly lower than URFRX's 0.14% return. Over the past 10 years, VTIVX has outperformed URFRX with an annualized return of 10.30%, while URFRX has yielded a comparatively lower 8.66% annualized return.
VTIVX
- 1D
- 2.42%
- 1M
- -5.17%
- YTD
- -1.30%
- 6M
- 1.14%
- 1Y
- 18.53%
- 3Y*
- 14.82%
- 5Y*
- 7.92%
- 10Y*
- 10.30%
URFRX
- 1D
- 2.15%
- 1M
- -4.30%
- YTD
- 0.14%
- 6M
- 2.40%
- 1Y
- 16.93%
- 3Y*
- 13.05%
- 5Y*
- 7.15%
- 10Y*
- 8.66%
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VTIVX vs. URFRX - Expense Ratio Comparison
VTIVX has a 0.08% expense ratio, which is higher than URFRX's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VTIVX vs. URFRX — Risk / Return Rank
VTIVX
URFRX
VTIVX vs. URFRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Retirement 2045 Fund (VTIVX) and USAA Target Retirement 2040 Fund (URFRX). 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.
| VTIVX | URFRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 1.44 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.99 | 2.06 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.30 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.94 | 1.95 | -0.01 |
Martin ratioReturn relative to average drawdown | 8.78 | 9.28 | -0.51 |
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
| VTIVX | URFRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.38 | 1.44 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.58 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.67 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.49 | +0.03 |
Correlation
The correlation between VTIVX and URFRX is 0.98, 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
VTIVX vs. URFRX - Dividend Comparison
VTIVX's dividend yield for the trailing twelve months is around 2.53%, less than URFRX's 7.04% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTIVX Vanguard Target Retirement 2045 Fund | 2.53% | 2.50% | 2.36% | 2.27% | 2.75% | 15.40% | 1.90% | 2.23% | 2.52% | 0.04% | 2.47% | 3.29% |
URFRX USAA Target Retirement 2040 Fund | 7.04% | 7.05% | 2.78% | 3.94% | 10.68% | 7.78% | 5.49% | 12.74% | 9.99% | 6.53% | 3.95% | 2.55% |
Drawdowns
VTIVX vs. URFRX - Drawdown Comparison
The maximum VTIVX drawdown since its inception was -51.69%, which is greater than URFRX's maximum drawdown of -39.33%. Use the drawdown chart below to compare losses from any high point for VTIVX and URFRX.
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Drawdown Indicators
| VTIVX | URFRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.69% | -39.33% | -12.36% |
Max Drawdown (1Y)Largest decline over 1 year | -9.73% | -8.86% | -0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -25.10% | -22.27% | -2.83% |
Max Drawdown (10Y)Largest decline over 10 years | -31.42% | -28.59% | -2.83% |
Current DrawdownCurrent decline from peak | -6.08% | -4.88% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -6.37% | -5.23% | -1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 1.86% | +0.30% |
Volatility
VTIVX vs. URFRX - Volatility Comparison
Vanguard Target Retirement 2045 Fund (VTIVX) has a higher volatility of 5.17% compared to USAA Target Retirement 2040 Fund (URFRX) at 4.59%. This indicates that VTIVX's price experiences larger fluctuations and is considered to be riskier than URFRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTIVX | URFRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.17% | 4.59% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 8.20% | 7.29% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.73% | 12.07% | +1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.45% | 12.31% | +1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.76% | 13.04% | +1.72% |