VTIVX vs. URSIX

Last updated Aug 2, 2026

VTIVX (Vanguard Target Retirement 2045 Fund) and URSIX (USAA Target Retirement 2060 Fund) are both Target Retirement Date funds. Over the past 10 years, VTIVX returned 10.82%/yr vs 10.23%/yr for URSIX. Their 0.97 correlation means they have historically moved very closely together. VTIVX charges 0.08%/yr vs 0.10%/yr for URSIX.

Performance

VTIVX vs. URSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Target Retirement 2045 Fund (VTIVX) and USAA Target Retirement 2060 Fund (URSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VTIVX achieves a 9.10% return, which is significantly lower than URSIX's 13.54% return. Over the past 10 years, VTIVX has outperformed URSIX with an annualized return of 10.82%, while URSIX has yielded a comparatively lower 10.23% annualized return.

VTIVX

• 1D: 1.74%
• 1M: -0.47%
• 6M: 6.16%
• YTD: 9.10%
• 1Y: 19.82%
• 3Y*: 15.57%
• 5Y*: 8.84%
• 10Y*: 10.82%
• ALL TIME*: 8.82%

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
URSIX USAA Target Retirement 2060 Fund	$0.00	$0.00	$0.00
VTIVX Vanguard Target Retirement 2045 Fund	$0.00	$0.00	$0.00

VTIVX vs. URSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VTIVX Vanguard Target Retirement 2045 Fund	9.10%	20.01%	13.68%	19.72%	-17.38%	16.16%	16.31%	24.94%	-7.89%	19.16%
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 VTIVX 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.	0.97
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	0.98

The correlation between VTIVX and URSIX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

VTIVX vs. URSIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VTIVX

VTIVX Risk / Return Rank: 71
VTIVX Sharpe Ratio Rank: 71
VTIVX Sortino Ratio Rank: 68
VTIVX Omega Ratio Rank: 68
VTIVX Calmar Ratio Rank: 70
VTIVX Martin Ratio Rank: 79

URSIX

URSIX Risk / Return Rank: 81
URSIX Sharpe Ratio Rank: 79
URSIX Sortino Ratio Rank: 77
URSIX Omega Ratio Rank: 76
URSIX Calmar Ratio Rank: 83
URSIX Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VTIVX vs. URSIX - 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 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.

	VTIVX	URSIX	Difference
Sharpe ratio: Return per unit of total volatility	1.59	1.88	-0.30
Sortino ratio: Return per unit of downside risk	2.24	2.65	-0.41
Omega ratio: Gain probability vs. loss probability	1.29	1.34	-0.05
Calmar ratio: Return relative to maximum drawdown	2.21	2.81	-0.60
Martin ratio: Return relative to average drawdown	9.20	12.09	-2.89

VTIVX vs. URSIX - Sharpe Ratio Comparison

The current VTIVX Sharpe Ratio is 1.59, which is comparable to the URSIX Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of VTIVX and URSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VTIVX vs. URSIX - Drawdown Comparison

The maximum VTIVX drawdown since its inception was -51.69%, which is greater than URSIX's maximum drawdown of -30.33%. Use the drawdown chart below to compare losses from any high point for VTIVX and URSIX.

Drawdown Indicators

	VTIVX	URSIX	Difference
Max Drawdown Largest peak-to-trough decline	-51.69%	-30.33%	-21.36%
Max Drawdown (1Y) Largest decline over 1 year	-8.30%	-8.32%	+0.02%
Max Drawdown (3Y) Largest decline over 3 years	-13.40%	-14.35%	+0.95%
Max Drawdown (5Y) Largest decline over 5 years	-25.10%	-23.85%	-1.25%
Max Drawdown (10Y) Largest decline over 10 years	-31.42%	-30.33%	-1.09%
Current Drawdown Current decline from peak	-1.79%	-0.28%	-1.51%
Average Drawdown Average peak-to-trough decline	-6.30%	-4.40%	-1.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	1.93%	+0.06%

Volatility

VTIVX vs. URSIX - Volatility Comparison

Vanguard Target Retirement 2045 Fund (VTIVX) has a higher volatility of 3.46% compared to USAA Target Retirement 2060 Fund (URSIX) at 3.06%. This indicates that VTIVX's price experiences larger fluctuations and is considered to be riskier than URSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VTIVX	URSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.46%	3.06%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	9.69%	10.34%	-0.65%
Volatility (1Y) Calculated over the trailing 1-year period	11.59%	12.45%	-0.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.64%	14.21%	-0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.75%	14.52%	+0.23%

VTIVX vs. URSIX - Expense Ratio Comparison

VTIVX 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

VTIVX vs. URSIX - Dividend Comparison

VTIVX's dividend yield for the trailing twelve months is around 2.29%, 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%
VTIVX Vanguard Target Retirement 2045 Fund	2.29%	2.50%	2.36%	2.27%	2.75%	15.40%	1.90%	2.23%	2.52%	0.04%	2.47%	3.29%

Frequently Asked Questions

Can I hold both VTIVX and URSIX in my portfolio?

With a correlation of 0.98, VTIVX 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.

Which is riskier, VTIVX or URSIX?

VTIVX has higher volatility (3.46%) compared to URSIX (3.06%). In terms of maximum drawdown, VTIVX dropped -51.69% vs URSIX's -30.33%.

Which has better risk-adjusted returns?

URSIX currently has the higher Sharpe Ratio (1.88 vs 1.59), 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.