IDMO vs. USVM

Last updated Jul 15, 2026

IDMO (Invesco S&P International Developed Momentum ETF) and USVM (VictoryShares US Small Mid Cap Value Momentum ETF) are both Momentum funds - IDMO tracks the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index while USVM tracks the Nasdaq Victory US Small Mid Cap Value Momentum Index. Both are passively managed. Over the past 5 years, IDMO returned 15.49%/yr vs 11.48%/yr for USVM. A 0.60 correlation means they provide meaningful diversification when combined. IDMO charges 0.25%/yr vs 0.29%/yr for USVM.

Performance

IDMO vs. USVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P International Developed Momentum ETF (IDMO) 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, IDMO achieves a 9.24% return, which is significantly lower than USVM's 20.35% return.

IDMO

• 1D: 1.34%
• 1M: 0.98%
• 6M: 6.38%
• YTD: 9.24%
• 1Y: 22.33%
• 3Y*: 25.26%
• 5Y*: 15.49%
• 10Y*: 12.57%

USVM

• 1D: 0.17%
• 1M: 1.10%
• 6M: 15.01%
• YTD: 20.35%
• 1Y: 30.27%
• 3Y*: 19.25%
• 5Y*: 11.48%
• 10Y*: —

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

IDMO vs. USVM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IDMO Invesco S&P International Developed Momentum ETF	9.24%	42.17%	12.79%	20.16%	-12.03%	14.31%	22.01%	26.09%	-16.66%	2.62%
USVM VictoryShares US Small Mid Cap Value Momentum ETF	20.35%	10.56%	16.59%	18.90%	-13.23%	24.44%	11.56%	21.65%	-9.39%	2.06%

Correlation

The correlation between IDMO and USVM is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017	0.60

The correlation between IDMO and USVM has been stable across timeframes, ranging from 0.60 to 0.68 - a consistent structural relationship.

IDMO vs. USVM - Sectors Allocation Comparison

Sectors	IDMO	USVM
Financial Services	43.2%	25.1%
Industrials	21.3%	10.6%
Basic Materials	10.6%	1.7%
Utilities	7.9%	7.4%
Technology	6.2%	8.7%
Consumer Defensive	2.5%	3.7%
Communication Services	2.1%	3.0%
Real Estate	1.8%	9.6%
Energy	1.7%	5.1%
Consumer Cyclical	1.5%	12.3%
Healthcare	1.1%	12.8%

Return for Risk

IDMO vs. USVM — Risk / Return Rank

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

IDMO

IDMO Risk / Return Rank: 45
IDMO Sharpe Ratio Rank: 43
IDMO Sortino Ratio Rank: 43
IDMO Omega Ratio Rank: 42
IDMO Calmar Ratio Rank: 45
IDMO Martin Ratio Rank: 53

USVM

USVM Risk / Return Rank: 83
USVM Sharpe Ratio Rank: 82
USVM Sortino Ratio Rank: 85
USVM Omega Ratio Rank: 78
USVM Calmar Ratio Rank: 84
USVM Martin Ratio Rank: 86

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.

IDMO vs. USVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P International Developed Momentum ETF (IDMO) 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.

	IDMO	USVM	Difference
Sharpe ratio: Return per unit of total volatility	1.21	2.06	-0.84
Sortino ratio: Return per unit of downside risk	1.79	3.01	-1.22
Omega ratio: Gain probability vs. loss probability	1.22	1.36	-0.14
Calmar ratio: Return relative to maximum drawdown	1.82	3.64	-1.82
Martin ratio: Return relative to average drawdown	7.18	13.77	-6.59

IDMO vs. USVM - Sharpe Ratio Comparison

The current IDMO Sharpe Ratio is 1.21, which is lower than the USVM Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of IDMO 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

IDMO vs. USVM - Drawdown Comparison

The maximum IDMO drawdown since its inception was -39.38%, smaller than the maximum USVM drawdown of -42.38%. Use the drawdown chart below to compare losses from any high point for IDMO and USVM.

Drawdown Indicators

	IDMO	USVM	Difference
Max Drawdown Largest peak-to-trough decline	-39.38%	-42.38%	+3.00%
Max Drawdown (1Y) Largest decline over 1 year	-12.31%	-8.36%	-3.95%
Max Drawdown (3Y) Largest decline over 3 years	-12.65%	-24.34%	+11.69%
Max Drawdown (5Y) Largest decline over 5 years	-27.07%	-25.27%	-1.80%
Max Drawdown (10Y) Largest decline over 10 years	-31.34%	—	—
Current Drawdown Current decline from peak	-3.07%	-0.75%	-2.32%
Average Drawdown Average peak-to-trough decline	-9.70%	-7.81%	-1.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	2.21%	+0.91%

Volatility

IDMO vs. USVM - Volatility Comparison

Invesco S&P International Developed Momentum ETF (IDMO) has a higher volatility of 6.02% compared to VictoryShares US Small Mid Cap Value Momentum ETF (USVM) at 2.92%. This indicates that IDMO's price experiences larger fluctuations and is considered to be riskier than USVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDMO	USVM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.02%	2.92%	+3.10%
Volatility (6M) Calculated over the trailing 6-month period	16.79%	10.85%	+5.94%
Volatility (1Y) Calculated over the trailing 1-year period	18.49%	14.80%	+3.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.14%	19.56%	-1.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.89%	21.91%	-4.02%

IDMO vs. USVM - Expense Ratio Comparison

IDMO has a 0.25% expense ratio, which is lower than USVM's 0.29% expense ratio.

Dividends

IDMO vs. USVM - Dividend Comparison

IDMO's dividend yield for the trailing twelve months is around 3.66%, more than USVM's 1.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDMO Invesco S&P International Developed Momentum ETF	3.66%	3.71%	2.24%	2.89%	3.66%	1.81%	1.63%	2.78%	3.27%	3.08%	2.18%	2.52%
USVM VictoryShares US Small Mid Cap Value Momentum ETF	1.83%	1.84%	1.75%	1.63%	1.43%	0.70%	1.21%	1.77%	1.43%	0.65%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IDMO and USVM in my portfolio?

IDMO and USVM have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDMO or USVM?

IDMO has higher volatility (6.02%) compared to USVM (2.92%). In terms of maximum drawdown, IDMO dropped -39.38% vs USVM's -42.38%.

Which ETF is better, IDMO or USVM?

On 5-year performance, IDMO leads with 15.49% vs 11.48% for USVM. On fees, IDMO is cheaper at 0.25% per year. On volatility, USVM has been the lower-risk option at 2.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDMO or USVM?

Over the 5-year period, IDMO has performed better with a 15.49% return vs 11.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDMO or USVM?

IDMO is cheaper with a 0.25% expense ratio, compared with 0.29% for USVM.

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

IDMO has the higher dividend yield at 3.66%, compared with 1.83% for USVM.

What is the main difference between IDMO and USVM?

IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while USVM tracks Nasdaq Victory US Small Mid Cap Value Momentum Index. They also come from different issuers: Invesco and Victory Capital. Their fees differ too: 0.25% for IDMO and 0.29% for USVM.

Which has better risk-adjusted returns?

USVM currently has the higher Sharpe Ratio (2.06 vs 1.21), 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.