- ISIN
- US92647N5766
- CUSIP
- 92647N576
- Issuer
- Victory
- Inception Date
- Oct 24, 2017
- Region
- North America (U.S.)
- Category
- Momentum, Large Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Nasdaq Victory US Value Momentum Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $266M
Highlights
- Avg. Volume (1M)
- 2K
- Avg. Volume Value (1M)
- $260.49K
Share Price Chart
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Performance
ULVM Performance Chart
VictoryShares US Value Momentum ETF (ULVM) is up 20.1% since the beginning of the year. ULVM is currently trading at $109 per share. Investors who bought $1,000 worth of ULVM shares 5 years ago would now be looking at an investment worth $1,806.
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Returns By Period
VictoryShares US Value Momentum ETF (ULVM) has returned 20.05% so far this year and 30.95% over the past 12 months.
VictoryShares US Value Momentum ETF
- 1D
- -0.20%
- 1M
- 1.85%
- 6M
- 15.22%
- YTD
- 20.05%
- 1Y
- 30.95%
- 3Y*
- 20.61%
- 5Y*
- 12.55%
- 10Y*
- —
- ALL TIME*
- 11.18%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
ULVM Monthly Returns History
Based on dividend-adjusted daily data since Oct 26, 2017, ULVM's average daily return is +0.05%, while the average monthly return is +1.00%. At this rate, an investment would double in approximately 5.8 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +12.2%, while the worst month was Mar 2020 at -19.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, ULVM closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +9.5%, while the worst single day was Mar 16, 2020 at -13.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.19% | 4.91% | -4.07% | 6.85% | 2.05% | 2.44% | 2.50% | 20.05% | |||||
| 2025 | 5.06% | -0.45% | -4.14% | -2.65% | 4.97% | 4.28% | 0.27% | 3.52% | 2.93% | -1.04% | 3.24% | -0.66% | 15.84% |
| 2024 | 0.84% | 4.32% | 6.19% | -4.52% | 3.65% | -0.04% | 4.35% | 2.39% | 1.39% | 0.35% | 7.78% | -7.49% | 19.76% |
| 2023 | 3.59% | -2.84% | -0.80% | 0.95% | -4.48% | 6.19% | 2.48% | -2.43% | -3.48% | -2.63% | 8.27% | 5.92% | 10.16% |
| 2022 | -4.42% | -0.42% | 3.15% | -6.21% | 1.73% | -9.22% | 7.25% | -2.64% | -8.75% | 11.36% | 5.21% | -4.19% | -9.04% |
| 2021 | 2.82% | 3.90% | 4.98% | 4.27% | 2.86% | -0.08% | 0.77% | 2.86% | -4.39% | 6.51% | -2.31% | 5.75% | 31.06% |
Benchmark Metrics
VictoryShares US Value Momentum ETF has an annualized alpha of -0.35%, beta of 0.90, and R2 of 0.85 versus S&P 500 Index. Calculated based on daily prices since October 26, 2017.
- This ETF participated in 93.02% of S&P 500 Index downside but only 86.91% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.90 and R2 of 0.85, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -0.35%
- Beta
- 0.90
- R²
- 0.85
- Upside Capture
- 86.91%
- Downside Capture
- 93.02%
Expense Ratio
ULVM has an expense ratio of 0.20%, which is considered low.
Return for Risk
Risk / Return Rank
ULVM ranks 94 for risk / return — above 94% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for VictoryShares US Value Momentum ETF (ULVM) 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.
| ULVM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.25 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 4.63 | 2.00 | +2.63 |
| Martin ratioReturn relative to average drawdown | 19.50 | 8.49 | +11.01 |
Dividends
Dividend History
VictoryShares US Value Momentum ETF provided a 1.62% dividend yield over the last twelve months, with an annual payout of $1.76 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.76 | $1.65 | $1.27 | $1.32 | $1.21 | $0.96 | $0.83 | $1.01 | $0.75 | $0.20 |
Dividend yield | 1.62% | 1.81% | 1.57% | 1.94% | 1.91% | 1.36% | 1.51% | 1.88% | 1.67% | 0.38% |
Monthly Dividends
The table displays the monthly dividend distributions for VictoryShares US 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 | $0.02 | $0.08 | $0.23 | $0.17 | $0.03 | $0.24 | $0.19 | $0.97 | |||||
| 2025 | $0.06 | $0.11 | $0.17 | $0.17 | $0.04 | $0.16 | $0.16 | $0.08 | $0.17 | $0.14 | $0.07 | $0.32 | $1.65 |
| 2024 | $0.02 | $0.04 | $0.11 | $0.16 | $0.01 | $0.14 | $0.11 | $0.03 | $0.17 | $0.12 | $0.07 | $0.28 | $1.27 |
| 2023 | $0.00 | $0.04 | $0.17 | $0.12 | $0.02 | $0.14 | $0.13 | $0.03 | $0.13 | $0.18 | $0.05 | $0.33 | $1.32 |
| 2022 | $0.01 | $0.06 | $0.13 | $0.13 | $0.00 | $0.09 | $0.11 | $0.05 | $0.17 | $0.08 | $0.04 | $0.33 | $1.21 |
| 2021 | $0.00 | $0.05 | $0.07 | $0.11 | $0.04 | $0.00 | $0.10 | $0.05 | $0.12 | $0.10 | $0.05 | $0.28 | $0.96 |
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 US 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 US Value Momentum ETF was 40.71%, occurring on Mar 23, 2020. Recovery took 181 trading sessions.
The current VictoryShares US Value Momentum ETF drawdown is 1.26%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-40.71%Mar 2020 | 1mo 4d | 8mo 20d | 9mo 24dFeb 2020 - Dec 2020 | COVID crash2020 |
-21.94%Dec 2018 | 10mo 29d | 12mo 1d | 1y 10moJan 2018 - Dec 2019 | Rate-hike selloffLate 2018 |
-19.77%Sep 2022 | 8mo 28d | 1y 3mo | 2y 20dJan 2022 - Jan 2024 | Bear market2022 |
-18.14%Apr 2025 | 4mo 7d | 3mo 15d | 7mo 22dDec 2024 - Jul 2025 | 2025 selloff2025 |
-6.71%Aug 2024 | 19d | 18d | 1mo 7dJul 2024 - Aug 2024 | — |
Drawdown Indicators
| ULVM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.71% | -56.78% | +16.07% |
Max Drawdown (1Y)Largest decline over 1 year | -6.47% | -9.10% | +2.63% |
Max Drawdown (3Y)Largest decline over 3 years | -18.14% | -18.90% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -19.77% | -25.43% | +5.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.26% | -1.58% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -5.65% | -10.70% | +5.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 2.14% | -0.61% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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