The USAA NASDAQ-100 Index Fund shows promising performance and lower costs, making it a potential pick for investors.
When it comes to performance, this fund has a 5-year annualized return of 19.66%, putting it in the top third of its peers. Even over three years, it’s done well with a 9.23% return. Just keep in mind that these returns might not include all fees, which could lower your actual gains.
Now, let’s talk volatility. The fund has a standard deviation of 22.06% over the last three years, which is higher than the category average. So, it’s a bit more volatile than some other options out there.
In terms of risk, the fund has a beta of 1.09, meaning it’s likely to be a bit more volatile than the market. But it’s also shown a positive alpha of 4.1 over five years, indicating that the managers are good at picking stocks that outperform the benchmark.
Cost-wise, USNQX is a no-load fund with an expense ratio of 0.42%, which is lower than the average of 0.95% for its category. The minimum initial investment is $3,000, and any additional investments need to be at least $50.
If you want to dig deeper into USNQX, check out Zacks.com for more tools and comparisons. They’ve got a lot of resources to help you with your mutual fund analysis. Plus, if you’re interested in stocks, they have some great reports available too.
