- ISIN
- US92647N6913
- CUSIP
- 92647N691
- Issuer
- Crestview
- Inception Date
- Jun 22, 2017
- Region
- North America (U.S.)
- Category
- Volatility Hedged Equity, Multi-factor
- Leveraged
- 1x (No leverage)
- Index Tracked
- Nasdaq Victory Multi-Factor Minimum Volatility Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $156M
Share Price Chart
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Performance
VSMV Performance Chart
VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) is up 8.2% since the beginning of the year. VSMV is currently trading at $59 per share. Investors who bought $1,000 worth of VSMV shares 5 years ago would now be looking at an investment worth $1,719.
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Returns By Period
VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) has returned 8.20% so far this year and 24.37% over the past 12 months.
VictoryShares US Multi-Factor Minimum Volatility ETF
- 1D
- 0.12%
- 1M
- -1.78%
- YTD
- 8.20%
- 6M
- 7.86%
- 1Y
- 24.37%
- 3Y*
- 15.97%
- 5Y*
- 11.45%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
VSMV Monthly Returns History
Based on dividend-adjusted daily data since Jun 22, 2017, VSMV's average daily return is +0.05%, while the average monthly return is +1.02%. At this rate, an investment would double in approximately 5.7 years.
Historically, 68% of months were positive and 32% were negative. The best month was Oct 2022 with a return of +10.3%, while the worst month was Feb 2020 at -10.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, VSMV closed higher 52% of trading days. The best single day was Mar 13, 2020 with a return of +7.1%, while the worst single day was Mar 12, 2020 at -9.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.17% | 3.46% | -3.84% | 4.01% | 2.39% | -1.02% | 8.20% | ||||||
| 2025 | 2.40% | 0.80% | -2.08% | -0.33% | 1.38% | 1.10% | 0.01% | 5.43% | 3.69% | 0.27% | 1.86% | 1.28% | 16.77% |
| 2024 | 1.82% | 3.01% | 2.85% | -4.59% | 4.06% | 1.55% | 3.40% | 2.81% | 0.91% | -1.48% | 5.83% | -4.81% | 15.79% |
| 2023 | 1.84% | -2.20% | 2.25% | 2.34% | -2.03% | 5.36% | 1.50% | -1.73% | -2.76% | -0.22% | 5.39% | 2.39% | 12.34% |
| 2022 | -4.75% | -1.73% | 5.97% | -5.28% | 0.84% | -7.29% | 4.60% | -2.99% | -6.76% | 10.32% | 5.02% | -4.01% | -7.56% |
| 2021 | -0.49% | -0.10% | 6.81% | 3.29% | 1.77% | 1.15% | 2.81% | 2.40% | -4.49% | 4.78% | -0.45% | 6.11% | 25.66% |
Benchmark Metrics
VictoryShares US Multi-Factor Minimum Volatility ETF has an annualized alpha of 2.72%, beta of 0.70, and R2 of 0.76 versus S&P 500 Index. Calculated based on daily prices since June 22, 2017.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (76.86%) than losses (76.69%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 2.72% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.70 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
- 2.72%
- Beta
- 0.70
- R²
- 0.76
- Upside Capture
- 76.86%
- Downside Capture
- 76.69%
Expense Ratio
VSMV has an expense ratio of 0.35%, placing it in the medium range.
Return for Risk
Risk / Return Rank
VSMV ranks 86 for risk / return — in the top 86% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) 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.
| VSMV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.37 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.72 | 2.78 | +1.94 |
| Martin ratioReturn relative to average drawdown | 17.61 | 12.44 | +5.18 |
Dividends
Dividend History
VictoryShares US Multi-Factor Minimum Volatility ETF provided a 1.37% dividend yield over the last twelve months, with an annual payout of $0.81 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.81 | $0.75 | $0.65 | $0.75 | $0.76 | $0.57 | $0.68 | $0.66 | $0.65 | $0.31 |
Dividend yield | 1.37% | 1.35% | 1.36% | 1.77% | 1.99% | 1.36% | 2.01% | 2.00% | 2.42% | 1.11% |
Monthly Dividends
The table displays the monthly dividend distributions for VictoryShares US Multi-Factor Minimum Volatility 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 | $0.03 | $0.10 | $0.06 | $0.04 | $0.11 | $0.36 | ||||||
| 2025 | $0.01 | $0.03 | $0.07 | $0.07 | $0.02 | $0.09 | $0.08 | $0.03 | $0.10 | $0.07 | $0.03 | $0.14 | $0.75 |
| 2024 | $0.02 | $0.02 | $0.10 | $0.06 | $0.02 | $0.09 | $0.04 | $0.02 | $0.09 | $0.05 | $0.02 | $0.12 | $0.65 |
| 2023 | $0.01 | $0.07 | $0.08 | $0.05 | $0.04 | $0.10 | $0.02 | $0.05 | $0.07 | $0.09 | $0.02 | $0.14 | $0.75 |
| 2022 | $0.00 | $0.06 | $0.08 | $0.02 | $0.04 | $0.12 | $0.05 | $0.04 | $0.09 | $0.06 | $0.06 | $0.14 | $0.76 |
| 2021 | $0.00 | $0.04 | $0.07 | $0.06 | $0.04 | $0.03 | $0.03 | $0.05 | $0.06 | $0.05 | $0.05 | $0.09 | $0.57 |
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 Multi-Factor Minimum Volatility 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 Multi-Factor Minimum Volatility ETF was 31.33%, occurring on Mar 23, 2020. Recovery took 187 trading sessions.
The current VictoryShares US Multi-Factor Minimum Volatility ETF drawdown is 2.02%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -31.33%Mar 2020 | 1mo 3d | 8mo 28d | 10mo 1dFeb 2020 - Dec 2020 |
Bear market2022 | -17.96%Sep 2022 | 5mo 22d | 9mo 24d | 1y 3moApr 2022 - Jul 2023 |
Rate-hike selloffLate 2018 | -15.89%Dec 2018 | 2mo 21d | 4mo | 6mo 21dOct 2018 - Apr 2019 |
2025 selloff2025 | -13.22%Apr 2025 | 4mo 12d | 3mo 16d | 7mo 28dNov 2024 - Jul 2025 |
Bear market2022 | -9.28%Feb 2022 | 1mo 25d | 1mo 3d | 2mo 28dDec 2021 - Mar 2022 |
Drawdown Indicators
| VSMV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.33% | -56.78% | +25.45% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -9.10% | +3.92% |
Max Drawdown (3Y)Largest decline over 3 years | -13.22% | -18.90% | +5.68% |
Max Drawdown (5Y)Largest decline over 5 years | -17.96% | -25.43% | +7.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.02% | -1.80% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -3.40% | -10.71% | +7.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.39% | 2.03% | -0.64% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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