EBIT vs. USVM

Last updated Jun 24, 2026

EBIT (Harbor AlphaEdge Small Cap Earners ETF) and USVM (VictoryShares US Small Mid Cap Value Momentum ETF) are both exchange-traded funds - EBIT is a Small Cap Value Equities fund tracking the Harbor AlphaEdge Small Cap Earners Index, while USVM is a Momentum fund tracking the Nasdaq Victory US Small Mid Cap Value Momentum Index. Both are passively managed. Over the past year, EBIT returned 28.94% vs 32.76% for USVM. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.29% expense ratio.

Performance

EBIT vs. USVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor AlphaEdge Small Cap Earners ETF (EBIT) and VictoryShares US Small Mid Cap Value Momentum ETF (USVM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EBIT achieves a 16.65% return, which is significantly lower than USVM's 18.75% return.

EBIT

• 1D: 0.03%
• 1M: 4.55%
• YTD: 16.65%
• 6M: 15.12%
• 1Y: 28.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USVM

• 1D: 0.05%
• 1M: 4.06%
• YTD: 18.75%
• 6M: 16.97%
• 1Y: 32.76%
• 3Y*: 20.77%
• 5Y*: 10.06%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EBIT vs. USVM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EBIT Harbor AlphaEdge Small Cap Earners ETF	16.65%	6.85%	9.01%
USVM VictoryShares US Small Mid Cap Value Momentum ETF	18.75%	10.56%	11.02%

Correlation

The correlation between EBIT and USVM is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024	0.93

The correlation between EBIT and USVM has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.

EBIT vs. USVM - Sectors Allocation Comparison

Sectors	EBIT	USVM
Financial Services	25.8%	21.6%
Consumer Cyclical	14.4%	11.3%
Industrials	14.2%	12.4%
Energy	11.9%	4.0%
Real Estate	7.7%	12.1%
Technology	7.7%	12.5%
Basic Materials	4.4%	1.6%
Healthcare	4.4%	11.3%
Communication Services	3.6%	2.5%
Consumer Defensive	3.1%	4.8%
Utilities	2.9%	5.9%

Return for Risk

EBIT vs. USVM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EBIT

EBIT Risk / Return Rank: 60
EBIT Sharpe Ratio Rank: 54
EBIT Sortino Ratio Rank: 59
EBIT Omega Ratio Rank: 52
EBIT Calmar Ratio Rank: 75
EBIT Martin Ratio Rank: 61

USVM

USVM Risk / Return Rank: 75
USVM Sharpe Ratio Rank: 73
USVM Sortino Ratio Rank: 76
USVM Omega Ratio Rank: 68
USVM Calmar Ratio Rank: 80
USVM Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EBIT vs. USVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor AlphaEdge Small Cap Earners ETF (EBIT) and VictoryShares US Small Mid Cap Value Momentum ETF (USVM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	EBIT	USVM	Difference
Sharpe ratio: Return per unit of total volatility	1.69	2.20	-0.51
Sortino ratio: Return per unit of downside risk	2.53	3.18	-0.64
Omega ratio: Gain probability vs. loss probability	1.30	1.38	-0.08
Calmar ratio: Return relative to maximum drawdown	3.48	3.94	-0.45
Martin ratio: Return relative to average drawdown	9.99	14.82	-4.83

EBIT vs. USVM - Sharpe Ratio Comparison

The current EBIT Sharpe Ratio is 1.69, which is comparable to the USVM Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of EBIT and USVM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EBIT vs. USVM - Drawdown Comparison

The maximum EBIT drawdown since its inception was -26.64%, smaller than the maximum USVM drawdown of -42.38%. Use the drawdown chart below to compare losses from any high point for EBIT and USVM.

Drawdown Indicators

	EBIT	USVM	Difference
Max Drawdown Largest peak-to-trough decline	-26.64%	-42.38%	+15.74%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-8.36%	+0.02%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.27%	—
Current Drawdown Current decline from peak	-0.68%	-0.24%	-0.44%
Average Drawdown Average peak-to-trough decline	-6.38%	-7.85%	+1.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	2.22%	+0.68%

Volatility

EBIT vs. USVM - Volatility Comparison

Harbor AlphaEdge Small Cap Earners ETF (EBIT) and VictoryShares US Small Mid Cap Value Momentum ETF (USVM) have volatilities of 4.13% and 4.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EBIT	USVM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	4.10%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	10.81%	11.04%	-0.23%
Volatility (1Y) Calculated over the trailing 1-year period	17.20%	14.96%	+2.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.10%	19.64%	+1.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.10%	21.97%	-0.87%

EBIT vs. USVM - Expense Ratio Comparison

Both EBIT and USVM have an expense ratio of 0.29%.

Dividends

EBIT vs. USVM - Dividend Comparison

EBIT's dividend yield for the trailing twelve months is around 1.71%, less than USVM's 1.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EBIT Harbor AlphaEdge Small Cap Earners ETF	1.71%	2.00%	2.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USVM VictoryShares US Small Mid Cap Value Momentum ETF	1.77%	1.84%	1.75%	1.63%	1.43%	0.70%	1.21%	1.77%	1.43%	0.65%

Frequently Asked Questions

Can I hold both EBIT and USVM in my portfolio?

With a correlation of 0.93, EBIT and USVM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, EBIT or USVM?

EBIT has higher volatility (4.13%) compared to USVM (4.10%). In terms of maximum drawdown, EBIT dropped -26.64% vs USVM's -42.38%.

Which ETF is better, EBIT or USVM?

On 1-year performance, USVM leads with 32.76% vs 28.94% for EBIT. Both ETFs have the same 0.29% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EBIT or USVM?

Over the 1-year period, USVM has performed better with a 32.76% return vs 28.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EBIT or USVM?

EBIT and USVM have the same expense ratio: 0.29% per year.

Which ETF pays a higher dividend yield, EBIT or USVM?

USVM has the higher dividend yield at 1.77%, compared with 1.71% for EBIT.

What is the main difference between EBIT and USVM?

EBIT is categorized as Small Cap Value Equities, while USVM is Momentum. EBIT tracks Harbor AlphaEdge Small Cap Earners Index, while USVM tracks Nasdaq Victory US Small Mid Cap Value Momentum Index. They also come from different issuers: Harbor and Victory Capital.

Which has better risk-adjusted returns?

USVM currently has the higher Sharpe Ratio (2.20 vs 1.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.