- ISIN
- US92647N5683
- CUSIP
- 92647N568
- Issuer
- Victory Capital
- Inception Date
- Oct 24, 2017
- Region
- North America (U.S.)
- Category
- Momentum, Small Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Nasdaq Victory US Small Mid Cap Value Momentum Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
- Assets Under Management
- $2B
Share Price Chart
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Performance
USVM Performance Chart
VictoryShares US Small Mid Cap Value Momentum ETF (USVM) is up 18.8% since the beginning of the year. USVM is currently trading at $108 per share. Investors who bought $1,000 worth of USVM shares 5 years ago would now be looking at an investment worth $1,615.
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Returns By Period
VictoryShares US Small Mid Cap Value Momentum ETF (USVM) has returned 18.75% so far this year and 32.76% over the past 12 months.
VictoryShares US Small Mid Cap Value Momentum ETF
- 1D
- 0.05%
- 1M
- 4.06%
- YTD
- 18.75%
- 6M
- 16.97%
- 1Y
- 32.76%
- 3Y*
- 20.77%
- 5Y*
- 10.06%
- 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%
USVM Monthly Returns History
Based on dividend-adjusted daily data since Oct 26, 2017, USVM's average daily return is +0.05%, while the average monthly return is +1.04%. At this rate, an investment would double in approximately 5.6 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2020 with a return of +14.8%, while the worst month was Mar 2020 at -24.3%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, USVM closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +8.7%, while the worst single day was Mar 16, 2020 at -14.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.14% | 3.03% | -3.92% | 9.06% | 1.13% | 3.46% | 18.75% | ||||||
| 2025 | 3.48% | -5.26% | -4.37% | -2.74% | 6.11% | 3.69% | -0.23% | 7.03% | 1.65% | -1.47% | 3.72% | -0.67% | 10.56% |
| 2024 | -1.78% | 6.11% | 5.04% | -5.59% | 5.03% | -2.11% | 9.02% | -0.27% | 1.40% | -1.65% | 10.02% | -8.02% | 16.59% |
| 2023 | 7.96% | -1.71% | -4.17% | -0.54% | -2.44% | 8.33% | 4.78% | -1.97% | -4.15% | -5.78% | 9.01% | 10.02% | 18.90% |
| 2022 | -8.01% | 1.99% | 2.10% | -7.25% | 1.65% | -8.65% | 10.49% | -3.91% | -9.75% | 11.70% | 4.14% | -5.63% | -13.23% |
| 2021 | 5.05% | 5.89% | 3.02% | 2.15% | 1.71% | 2.07% | -2.57% | 3.10% | -3.19% | 3.79% | -2.79% | 4.37% | 24.44% |
Benchmark Metrics
VictoryShares US Small Mid Cap Value Momentum ETF has an annualized alpha of -0.99%, beta of 0.98, and R2 of 0.74 versus S&P 500 Index. Calculated based on daily prices since October 26, 2017.
- This ETF participated in 104.31% of S&P 500 Index downside but only 96.73% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.98 and R2 of 0.74, 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
- -0.99%
- Beta
- 0.98
- R²
- 0.74
- Upside Capture
- 96.73%
- Downside Capture
- 104.31%
Expense Ratio
USVM has an expense ratio of 0.29%, placing it in the medium range.
Return for Risk
Risk / Return Rank
USVM ranks 75 for risk / return — better than 75% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for VictoryShares US Small Mid Cap Value Momentum ETF (USVM) 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.
| USVM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.32 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.94 | 2.46 | +1.48 |
| Martin ratioReturn relative to average drawdown | 14.82 | 10.92 | +3.90 |
Dividends
Dividend History
VictoryShares US Small Mid Cap Value Momentum ETF provided a 1.77% dividend yield over the last twelve months, with an annual payout of $1.91 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.91 | $1.68 | $1.47 | $1.20 | $0.90 | $0.51 | $0.72 | $0.96 | $0.65 | $0.33 |
Dividend yield | 1.77% | 1.84% | 1.75% | 1.63% | 1.43% | 0.70% | 1.21% | 1.77% | 1.43% | 0.65% |
Monthly Dividends
The table displays the monthly dividend distributions for VictoryShares US Small Mid Cap 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 | $0.06 | $0.11 | $0.17 | $0.21 | $0.04 | $0.18 | $0.78 | ||||||
| 2025 | $0.08 | $0.03 | $0.11 | $0.17 | $0.05 | $0.11 | $0.22 | $0.06 | $0.23 | $0.22 | $0.03 | $0.37 | $1.68 |
| 2024 | $0.11 | $0.04 | $0.00 | $0.20 | $0.01 | $0.09 | $0.12 | $0.26 | $0.16 | $0.18 | $0.02 | $0.27 | $1.47 |
| 2023 | $0.11 | $0.06 | $0.17 | $0.09 | $0.04 | $0.11 | $0.10 | $0.02 | $0.04 | $0.14 | $0.05 | $0.25 | $1.20 |
| 2022 | $0.12 | $0.03 | $0.04 | $0.08 | $0.00 | $0.10 | $0.07 | $0.00 | $0.07 | $0.08 | $0.04 | $0.26 | $0.90 |
| 2021 | $0.01 | $0.03 | $0.03 | $0.07 | $0.01 | $0.00 | $0.00 | $0.02 | $0.07 | $0.10 | $0.04 | $0.12 | $0.51 |
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 Small Mid Cap 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 Small Mid Cap Value Momentum ETF was 42.38%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.
The current VictoryShares US Small Mid Cap Value Momentum ETF drawdown is 0.24%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -42.38%Mar 2020 | 1y 6mo | 7mo 28d | 2y 2moAug 2018 - Nov 2020 |
Bear market2022 | -25.27%Sep 2022 | 10mo 21d | 1y 4mo | 2y 3moNov 2021 - Feb 2024 |
2025 selloff2025 | -24.34%Apr 2025 | 4mo 13d | 5mo 6d | 9mo 19dNov 2024 - Sep 2025 |
2018 pullback2018 | -9.16%Feb 2018 | 15d | 3mo 7d | 3mo 22dJan 2018 - May 2018 |
2024 pullback2024 | -8.98%Aug 2024 | 4d | 1mo 15d | 1mo 19dAug 2024 - Sep 2024 |
Drawdown Indicators
| USVM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.38% | -56.78% | +14.40% |
Max Drawdown (1Y)Largest decline over 1 year | -8.36% | -9.10% | +0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -24.34% | -18.90% | -5.44% |
Max Drawdown (5Y)Largest decline over 5 years | -25.27% | -25.43% | +0.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.24% | -3.21% | +2.97% |
Average DrawdownAverage peak-to-trough decline | -7.85% | -10.71% | +2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 2.04% | +0.18% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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