USA vs USTB

Comparison between Liberty All-Star Equity Fund (USA, ETF) and VICTORYSHARES SHORT-TERM BOND ETF FORMERLY VICTORYSHARES USAA CORE SHORT-TERM BOND ETF VICTORYSHARES SHORT-TERM BOND ETF (USTB, ETF).

5-Year PerformanceUSTB has outperformed USA, delivering a return of +3.5% compared to +3.5%

USA vs USTB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	USA(ETF)	USTB(ETF)
Net Assets	$2B	$2B
Expense Ratio	N/A	0.34%
Max Drawdown	82.89%	7.56%
Sharpe Ratio	-0.31	0.98
5Y Beta	0.80	0.01
5Y Dividends CAGR	5.01%	15.32%

Net Assets

USA

$2B

USTB

$2B

Expense Ratio

USA

N/A

USTB

0.34%

Max Drawdown

USA

82.89%

Winner

USTB

7.56%

Sharpe Ratio

USA

-0.31

Winner

USTB

0.98

5Y Beta

USA

0.80

Winner

USTB

0.01

5Y Dividends CAGR

USA

5.01%

Winner

USTB

15.32%

USA vs USTB - Historical Returns

Returns include dividend reinvestment.

Period	USA	USTB
1 month	+2.96%	+0.44%
3 months	-2.32%	+0.46%
6 months	-0.44%	+1.72%
1 year	-3.74%	+5.15%
5 years(CAGR)	+3.50%	+3.51%
10 years(CAGR)	+12.41%	+3.46%
Max(CAGR)	+6.63%	+3.46%

Winner

USA

+2.96%

USTB

+0.44%

USA

-2.32%

Winner

USTB

+0.46%

USA

-0.44%

Winner

USTB

+1.72%

USA

-3.74%

Winner

USTB

+5.15%

5Y(CAGR)

USA

+3.50%

Winner

USTB

+3.51%

10Y(CAGR)

Winner

USA

+12.41%

USTB

+3.46%

Max(CAGR)

Winner

USA

+6.63%

USTB

+3.46%

USA vs USTB - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	USA	USTB
2026	-3.31%	+1.03%
2025	-0.65%	+6.13%
2024	+22.04%	+6.81%
2023	+21.13%	+6.57%
2022	-25.15%	-2.72%
2021	+37.60%	+0.89%
2020	+11.48%	+5.00%
2019	+39.77%	+4.99%
2018	-4.91%	+1.12%
2017	+32.32%	+0.35%
2016	+8.93%	N/A
2015	-2.04%	N/A
2014	+9.24%	N/A
2013	+28.69%	N/A
2012	+18.32%	N/A
2011	-8.62%	N/A
2010	+19.75%	N/A
2009	+30.27%	N/A
2008	-43.42%	N/A
2007	-5.19%	N/A
2006	+10.28%	N/A
2005	-5.71%	N/A
2004	+10.37%	N/A
2003	+50.09%	N/A
2002	-35.15%	N/A
2001	-2.94%	N/A
2000	+17.03%	N/A
1999	-7.83%	N/A

USA vs USTB Drawdown Comparison

The maximum drawdown for USA was -69.18%, occurring on Mar 9, 2009. Recovery took 1522 trading sessions.

The maximum drawdown for USTB was -5.32%, occurring on Mar 24, 2020. Recovery took 65 trading sessions.

The current USA drawdown is -8.52%. The current USTB drawdown is -0.04%.

Rank	USA	USTB
#1	-69.18% Jul 13, 2007 - Jul 30, 2013	-5.32% Mar 4, 2020 - Jun 5, 2020
#2	-50.47% May 21, 2001 - Mar 5, 2004	-4.96% Sep 9, 2021 - Jul 13, 2023
#3	-47.07% Feb 12, 2020 - Nov 17, 2020	-1.02% Aug 30, 2023 - Nov 3, 2023
#4	-33.98% Oct 11, 2021 - Jul 12, 2024	-0.84% Feb 27, 2026 - May 1, 2026
#5	-25.78% Sep 27, 2018 - Jun 18, 2019	-0.81% Dec 29, 2017 - Aug 6, 2018
#6	-21.83% May 14, 2015 - Dec 7, 2016	-0.68% Sep 27, 2024 - Dec 3, 2024
#7	-20.11% Nov 5, 1999 - Jun 16, 2000	-0.67% Jul 13, 2023 - Aug 4, 2023
#8	-18.49% Apr 5, 2004 - Feb 14, 2005	-0.65% Apr 3, 2025 - Apr 28, 2025
#9	-17.97% Aug 2, 2005 - Dec 20, 2006	-0.62% Sep 4, 2019 - Oct 2, 2019
#10	-17.69% Jan 28, 2025 - Apr 7, 2025	-0.48% Apr 4, 2024 - May 2, 2024
#11	-10.82% Jan 31, 2001 - May 1, 2001	-0.46% Jan 31, 2024 - Mar 1, 2024
#12	-10.47% Aug 27, 2014 - Nov 18, 2014	-0.43% Aug 8, 2023 - Aug 25, 2023
#13	-10.41% Apr 21, 2021 - Jun 1, 2021	-0.40% Sep 21, 2018 - Nov 16, 2018
#14	-10.03% Jan 26, 2018 - Jun 6, 2018	-0.40% Oct 4, 2019 - Nov 22, 2019
#15	-9.02% Feb 16, 2005 - Jul 26, 2005	-0.38% Aug 2, 2024 - Aug 21, 2024

Correlation

Correlation between USA and USTB is 0.90 which considered as a strong positive correlation - the stocks tend to move together.

0.90

-101

Dividend Comparison (2000 - 2026)

USA vs USTB dividend yield comparison.

Year	USA	USTB
2026	5.74%	1.57%
2025	10.67%	4.63%
2024	10.22%	5.05%
2023	9.56%	4.49%
2022	12.11%	2.54%
2021	9.67%	1.84%
2020	9.13%	2.59%
2019	9.75%	2.69%
2018	12.64%	2.32%
2017	8.89%	0.43%
2016	9.30%	0.00%
2015	9.53%	0.00%
2014	6.52%	0.00%
2013	5.86%	0.00%
2012	6.71%	0.00%
2011	8.06%	0.00%
2010	6.29%	0.00%
2009	7.16%	0.00%
2008	18.57%	0.00%
2007	12.77%	0.00%
2006	10.62%	0.00%
2005	9.54%	0.00%
2004	9.31%	0.00%
2003	8.25%	0.00%
2002	13.25%	0.00%
2001	10.82%	0.00%
2000	5.90%	0.00%