- ISIN
- US92647N5436
- CUSIP
- 92647N543
- Issuer
- Victory Capital
- Inception Date
- Oct 24, 2017
- Region
- Emerging Markets (Broad)
- Category
- Momentum, Emerging Markets Diversified
- Leveraged
- 1x (No leverage)
- Index Tracked
- Nasdaq Victory Emerging Market Value Momentum Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $255M
Share Price Chart
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Performance
UEVM Performance Chart
VictoryShares Emerging Markets Value Momentum ETF (UEVM) is up 6.1% since the beginning of the year. UEVM is currently trading at $59 per share. Investors who bought $1,000 worth of UEVM shares 5 years ago would now be looking at an investment worth $1,422.
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Returns By Period
VictoryShares Emerging Markets Value Momentum ETF (UEVM) has returned 6.12% so far this year and 19.69% over the past 12 months.
VictoryShares Emerging Markets Value Momentum ETF
- 1D
- -2.16%
- 1M
- -0.96%
- YTD
- 6.12%
- 6M
- 5.85%
- 1Y
- 19.69%
- 3Y*
- 17.49%
- 5Y*
- 7.30%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
UEVM Monthly Returns History
Based on dividend-adjusted daily data since Oct 26, 2017, UEVM's average daily return is +0.03%, while the average monthly return is +0.55%. At this rate, an investment would double in approximately 10.5 years.
Historically, 52% of months were positive and 48% were negative. The best month was Nov 2022 with a return of +11.6%, while the worst month was Mar 2020 at -16.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 9 months.
On a daily basis, UEVM closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +6.9%, while the worst single day was Mar 16, 2020 at -11.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.93% | 2.65% | -5.98% | 5.56% | -0.43% | -2.16% | 6.12% | ||||||
| 2025 | -0.69% | -1.06% | 2.51% | -0.02% | 5.27% | 6.26% | 0.59% | 5.08% | 1.60% | 1.35% | 0.53% | -0.42% | 22.74% |
| 2024 | -1.64% | 3.33% | 0.73% | 2.10% | 4.66% | 0.92% | -0.15% | 1.37% | 5.31% | -4.14% | -0.92% | 0.13% | 11.92% |
| 2023 | 4.86% | -3.82% | 2.75% | 2.96% | -2.86% | 3.18% | 7.22% | -4.62% | -0.97% | -3.30% | 6.88% | 4.88% | 17.41% |
| 2022 | -1.38% | -0.41% | -1.30% | -4.50% | 0.00% | -7.39% | -0.53% | -1.07% | -9.71% | 1.37% | 11.55% | -0.86% | -14.60% |
| 2021 | 0.71% | 2.85% | 3.28% | 3.40% | 2.84% | 1.01% | -4.68% | 3.86% | -3.44% | -0.55% | -3.26% | 5.13% | 11.09% |
Benchmark Metrics
VictoryShares Emerging Markets Value Momentum ETF has an annualized alpha of -2.62%, beta of 0.69, and R2 of 0.52 versus S&P 500 Index. Calculated based on daily prices since October 26, 2017.
- This ETF participated in 80.26% of S&P 500 Index downside but only 57.52% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -2.62% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 0.69 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -2.62%
- Beta
- 0.69
- R²
- 0.52
- Upside Capture
- 57.52%
- Downside Capture
- 80.26%
Expense Ratio
UEVM has an expense ratio of 0.45%, placing it in the medium range.
Return for Risk
Risk / Return Rank
UEVM ranks 39 for risk / return — below 39% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for VictoryShares Emerging Markets Value Momentum ETF (UEVM) and compare them to S&P 500 Index.
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.
| UEVM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.32 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 2.46 | -0.44 |
| Martin ratioReturn relative to average drawdown | 6.57 | 10.92 | -4.34 |
Dividends
Dividend History
VictoryShares Emerging Markets Value Momentum ETF provided a 2.85% dividend yield over the last twelve months, with an annual payout of $1.67 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.67 | $2.23 | $2.66 | $2.10 | $1.38 | $2.17 | $0.99 | $1.25 | $0.98 | $0.41 |
Dividend yield | 2.85% | 4.02% | 5.65% | 4.71% | 3.46% | 4.49% | 2.19% | 2.79% | 2.34% | 0.79% |
Monthly Dividends
The table displays the monthly dividend distributions for VictoryShares Emerging Markets Value Momentum ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 | ||||||
| 2025 | $0.06 | $0.01 | $0.02 | $0.07 | $0.22 | $0.23 | $0.54 | $0.11 | $0.10 | $0.12 | $0.09 | $0.66 | $2.23 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.54 | $1.46 | $0.14 | $0.10 | $0.06 | $0.10 | $2.66 |
| 2023 | $0.03 | $0.00 | $0.01 | $0.13 | $0.34 | $0.11 | $0.42 | $0.68 | $0.07 | $0.09 | $0.05 | $0.18 | $2.10 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.05 | $0.09 | $0.08 | $0.44 | $0.36 | $0.15 | $0.10 | $0.02 | $0.07 | $1.38 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.07 | $0.14 | $0.15 | $0.39 | $0.60 | $0.11 | $0.19 | $0.03 | $0.50 | $2.17 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the VictoryShares Emerging Markets Value Momentum ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the VictoryShares Emerging Markets Value Momentum ETF was 45.44%, occurring on Mar 19, 2020. Recovery took 302 trading sessions.
The current VictoryShares Emerging Markets Value Momentum ETF drawdown is 4.76%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -45.44%Mar 2020 | 2y 1mo | 1y 2mo | 3y 4moJan 2018 - Jun 2021 |
Bear market2022 | -26.98%Oct 2022 | 1y 4mo | 1y 5mo | 2y 10moJun 2021 - Apr 2024 |
2025 selloff2025 | -18.88%Apr 2025 | 6mo 2d | 2mo 2d | 8mo 4dOct 2024 - Jun 2025 |
2026 pullback2026 | -9.79%Mar 2026 | 22d | 1mo 17d | 2mo 9dFeb 2026 - May 2026 |
2024 pullback2024 | -8.72%Aug 2024 | 20d | 1mo 19d | 2mo 9dJul 2024 - Sep 2024 |
Drawdown Indicators
| UEVM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.44% | -56.78% | +11.34% |
Max Drawdown (1Y)Largest decline over 1 year | -9.79% | -9.10% | -0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -18.88% | -18.90% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -26.73% | -25.43% | -1.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -4.76% | -3.21% | -1.55% |
Average DrawdownAverage peak-to-trough decline | -11.62% | -10.71% | -0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.04% | +0.96% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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