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IMTM vs. USVM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IMTM vs. USVM

Last updated Jul 14, 2026
Documentation

IMTM (iShares MSCI Intl Momentum Factor ETF) and USVM (VictoryShares US Small Mid Cap Value Momentum ETF) are both Momentum funds - IMTM tracks the MSCI World ex USA Momentum Index while USVM tracks the Nasdaq Victory US Small Mid Cap Value Momentum Index. Both are passively managed. Over the past 5 years, IMTM returned 9.22%/yr vs 11.31%/yr for USVM. A 0.68 correlation means they provide meaningful diversification when combined. IMTM charges 0.30%/yr vs 0.29%/yr for USVM.

Performance

IMTM vs. USVM - Performance Comparison

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

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Returns By Period

In the year-to-date period, IMTM achieves a 9.51% return, which is significantly lower than USVM's 20.14% return.

IMTM

1D
-1.42%
1M
-1.81%
6M
4.75%
YTD
9.51%
1Y
21.25%
3Y*
19.37%
5Y*
9.22%
10Y*
9.88%

USVM

1D
-0.19%
1M
0.93%
6M
14.65%
YTD
20.14%
1Y
30.87%
3Y*
19.18%
5Y*
11.31%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IMTM vs. USVM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IMTM
iShares MSCI Intl Momentum Factor ETF		9.51%34.50%12.17%13.89%-16.81%3.50%22.17%24.52%-14.31%0.95%
USVM
VictoryShares US Small Mid Cap Value Momentum ETF		20.14%10.56%16.59%18.90%-13.23%24.44%11.56%21.65%-9.39%2.06%

Correlation

The correlation between IMTM and USVM is 0.63, 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

0.63

Correlation (3Y)
Calculated over the trailing 3-year period

0.64

Correlation (5Y)
Calculated over the trailing 5-year period

0.70

Correlation (All Time)
Calculated using the full available price history since Oct 26, 2017

0.68

The correlation between IMTM and USVM has been stable across timeframes, ranging from 0.63 to 0.70 - a consistent structural relationship.

IMTM vs. USVM - Sectors Allocation Comparison

Sectors
IMTM
USVM

Financial Services

28.6%
25.1%

Technology

15.6%
8.7%

Industrials

15.5%
10.6%

Energy

10.0%
5.1%

Basic Materials

9.7%
1.7%

Healthcare

8.9%
12.8%

Utilities

5.3%
7.4%

Consumer Defensive

2.1%
3.7%

Consumer Cyclical

1.8%
12.3%

Communication Services

1.5%
3.0%

Real Estate

1.1%
9.6%

Financial Services

IMTM
28.6%
USVM
25.1%

Technology

IMTM
15.6%
USVM
8.7%

Industrials

IMTM
15.5%
USVM
10.6%

Energy

IMTM
10.0%
USVM
5.1%

Basic Materials

IMTM
9.7%
USVM
1.7%

Healthcare

IMTM
8.9%
USVM
12.8%

Utilities

IMTM
5.3%
USVM
7.4%

Consumer Defensive

IMTM
2.1%
USVM
3.7%

Consumer Cyclical

IMTM
1.8%
USVM
12.3%

Communication Services

IMTM
1.5%
USVM
3.0%

Real Estate

IMTM
1.1%
USVM
9.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Intl Momentum Factor ETF

VictoryShares US Small Mid Cap Value Momentum ETF

Often compared with IMTM:
IMTM vs. SPMOIMTM vs. IMOMIMTM vs. IDMOIMTM vs. IWFM.LIMTM vs. VXUSIMTM vs. VTIMTM vs. IWMO.MI
Often compared with USVM:
USVM vs. AVUVUSVM vs. VGIAXUSVM vs. XMMOUSVM vs. ZPRS.DEUSVM vs. LGLVUSVM vs. SCHGUSVM vs. ZPRV.DE

Return for Risk

IMTM vs. USVM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IMTM
IMTM Risk / Return Rank: 4242
Overall Rank
IMTM Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
IMTM Sortino Ratio Rank: 4040
Sortino Ratio Rank
IMTM Omega Ratio Rank: 4040
Omega Ratio Rank
IMTM Calmar Ratio Rank: 4141
Calmar Ratio Rank
IMTM Martin Ratio Rank: 4848
Martin Ratio Rank
USVM
USVM Risk / Return Rank: 8484
Overall Rank
USVM Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
USVM Sortino Ratio Rank: 8686
Sortino Ratio Rank
USVM Omega Ratio Rank: 7979
Omega Ratio Rank
USVM Calmar Ratio Rank: 8585
Calmar Ratio Rank
USVM Martin Ratio Rank: 8686
Martin Ratio Rank
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.

IMTM vs. USVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Intl Momentum Factor ETF (IMTM) 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.

IMTMUSVMDifference
Sharpe ratioReturn per unit of total volatility
1.15
2.09

-0.94

Sortino ratioReturn per unit of downside risk
1.70
3.06

-1.36

Omega ratioGain probability vs. loss probability

1.22

1.37

-0.15

Calmar ratioReturn relative to maximum drawdown

1.66

3.71

-2.05

Martin ratioReturn relative to average drawdown

6.42

13.98

-7.56

IMTM vs. USVM - Sharpe Ratio Comparison

The current IMTM Sharpe Ratio is 1.15, which is lower than the USVM Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of IMTM 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.

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Drawdowns

IMTM vs. USVM - Drawdown Comparison

The maximum IMTM drawdown since its inception was -32.66%, smaller than the maximum USVM drawdown of -42.38%. Use the drawdown chart below to compare losses from any high point for IMTM and USVM.

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Drawdown Indicators

IMTMUSVMDifference

Max Drawdown

Largest peak-to-trough decline

-32.66%

-42.38%

+9.72%

Max Drawdown (1Y)

Largest decline over 1 year

-12.85%

-8.36%

-4.49%

Max Drawdown (3Y)

Largest decline over 3 years

-12.85%

-24.34%

+11.49%

Max Drawdown (5Y)

Largest decline over 5 years

-32.66%

-25.27%

-7.39%

Max Drawdown (10Y)

Largest decline over 10 years

-32.66%

—

—

Current Drawdown

Current decline from peak

-4.43%

-0.92%

-3.51%

Average Drawdown

Average peak-to-trough decline

-7.40%

-7.81%

+0.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.32%

2.21%

+1.11%

Volatility

IMTM vs. USVM - Volatility Comparison

iShares MSCI Intl Momentum Factor ETF (IMTM) has a higher volatility of 6.91% compared to VictoryShares US Small Mid Cap Value Momentum ETF (USVM) at 3.46%. This indicates that IMTM'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.

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Volatility by Period

IMTMUSVMDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.91%

3.46%

+3.45%

Volatility (6M)

Calculated over the trailing 6-month period

16.67%

10.86%

+5.81%

Volatility (1Y)

Calculated over the trailing 1-year period

18.52%

14.83%

+3.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.87%

19.57%

-1.70%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.63%

21.91%

-4.28%

IMTM vs. USVM - Expense Ratio Comparison

IMTM has a 0.30% expense ratio, which is higher than USVM's 0.29% expense ratio.

Dividends

IMTM vs. USVM - Dividend Comparison

IMTM's dividend yield for the trailing twelve months is around 4.47%, more than USVM's 1.83% yield.

PositionTTM20252024202320222021202020192018201720162015
IMTM
iShares MSCI Intl Momentum Factor ETF		4.47%4.70%2.93%2.29%2.68%2.51%0.97%2.13%2.36%1.92%2.75%1.56%
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

IMTM and USVM have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IMTM has higher volatility (6.91%) compared to USVM (3.46%). In terms of maximum drawdown, IMTM dropped -32.66% vs USVM's -42.38%.

On 5-year performance, USVM leads with 11.31% vs 9.22% for IMTM. On fees, USVM is cheaper at 0.29% per year. On volatility, USVM has been the lower-risk option at 3.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, USVM has performed better with a 11.31% return vs 9.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

USVM is cheaper with a 0.29% expense ratio, compared with 0.30% for IMTM.

IMTM has the higher dividend yield at 4.47%, compared with 1.83% for USVM.

IMTM tracks MSCI World ex USA Momentum Index, while USVM tracks Nasdaq Victory US Small Mid Cap Value Momentum Index. They also come from different issuers: iShares and Victory Capital. Their fees differ too: 0.30% for IMTM and 0.29% for USVM.

USVM currently has the higher Sharpe Ratio (2.09 vs 1.15), 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.

Portfolio Optimizer

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