JMOM vs. USVM

Last updated Jul 15, 2026

JMOM (JPMorgan U.S. Momentum Factor ETF) and USVM (VictoryShares US Small Mid Cap Value Momentum ETF) are both Momentum funds - JMOM tracks the JP Morgan US Momentum Factor Index while USVM tracks the Nasdaq Victory US Small Mid Cap Value Momentum Index. Both are passively managed. Over the past 5 years, JMOM returned 15.11%/yr vs 11.48%/yr for USVM. A 0.76 correlation means they provide meaningful diversification when combined. JMOM charges 0.12%/yr vs 0.29%/yr for USVM.

Performance

JMOM vs. USVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Momentum Factor ETF (JMOM) 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, JMOM achieves a 22.69% return, which is significantly higher than USVM's 20.35% return.

JMOM

• 1D: 0.81%
• 1M: 0.93%
• 6M: 18.60%
• YTD: 22.69%
• 1Y: 30.73%
• 3Y*: 25.96%
• 5Y*: 15.11%
• 10Y*: —

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)

JMOM vs. USVM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JMOM JPMorgan U.S. Momentum Factor ETF	22.69%	18.02%	28.47%	22.89%	-20.83%	25.03%	29.25%	28.24%	-5.25%	3.36%
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%	2.95%

Correlation

The correlation between JMOM and USVM is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017	0.76

The correlation between JMOM and USVM shifts across timeframes, from 0.71 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.

JMOM vs. USVM - Sectors Allocation Comparison

Sectors	JMOM	USVM
Technology	43.1%	8.7%
Industrials	12.0%	10.6%
Financial Services	9.0%	25.1%
Healthcare	8.1%	12.8%
Communication Services	7.7%	3.0%
Consumer Cyclical	6.3%	12.3%
Consumer Defensive	5.0%	3.7%
Energy	3.3%	5.1%
Real Estate	2.2%	9.6%
Utilities	2.0%	7.4%
Basic Materials	1.3%	1.7%

Return for Risk

JMOM vs. USVM — Risk / Return Rank

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

JMOM

JMOM Risk / Return Rank: 80
JMOM Sharpe Ratio Rank: 76
JMOM Sortino Ratio Rank: 74
JMOM Omega Ratio Rank: 72
JMOM Calmar Ratio Rank: 87
JMOM Martin Ratio Rank: 91

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.

JMOM vs. USVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Momentum Factor ETF (JMOM) 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.

	JMOM	USVM	Difference
Sharpe ratio: Return per unit of total volatility	1.93	2.06	-0.12
Sortino ratio: Return per unit of downside risk	2.64	3.01	-0.37
Omega ratio: Gain probability vs. loss probability	1.34	1.36	-0.02
Calmar ratio: Return relative to maximum drawdown	3.92	3.64	+0.29
Martin ratio: Return relative to average drawdown	17.02	13.77	+3.24

JMOM vs. USVM - Sharpe Ratio Comparison

The current JMOM Sharpe Ratio is 1.93, which is comparable to the USVM Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of JMOM 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

JMOM vs. USVM - Drawdown Comparison

The maximum JMOM drawdown since its inception was -34.31%, smaller than the maximum USVM drawdown of -42.38%. Use the drawdown chart below to compare losses from any high point for JMOM and USVM.

Drawdown Indicators

	JMOM	USVM	Difference
Max Drawdown Largest peak-to-trough decline	-34.31%	-42.38%	+8.07%
Max Drawdown (1Y) Largest decline over 1 year	-7.87%	-8.36%	+0.49%
Max Drawdown (3Y) Largest decline over 3 years	-19.51%	-24.34%	+4.83%
Max Drawdown (5Y) Largest decline over 5 years	-28.26%	-25.27%	-2.99%
Current Drawdown Current decline from peak	-2.52%	-0.75%	-1.77%
Average Drawdown Average peak-to-trough decline	-6.26%	-7.81%	+1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	2.21%	-0.40%

Volatility

JMOM vs. USVM - Volatility Comparison

JPMorgan U.S. Momentum Factor ETF (JMOM) has a higher volatility of 6.06% compared to VictoryShares US Small Mid Cap Value Momentum ETF (USVM) at 2.92%. This indicates that JMOM'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

	JMOM	USVM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.06%	2.92%	+3.14%
Volatility (6M) Calculated over the trailing 6-month period	13.50%	10.85%	+2.65%
Volatility (1Y) Calculated over the trailing 1-year period	15.99%	14.80%	+1.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.93%	19.56%	-0.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.18%	21.91%	-1.73%

JMOM vs. USVM - Expense Ratio Comparison

JMOM has a 0.12% expense ratio, which is lower than USVM's 0.29% expense ratio.

Dividends

JMOM vs. USVM - Dividend Comparison

JMOM's dividend yield for the trailing twelve months is around 0.73%, less than USVM's 1.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
JMOM JPMorgan U.S. Momentum Factor ETF	0.73%	0.86%	0.75%	1.21%	1.39%	0.64%	0.85%	1.11%	1.38%	0.29%
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%

Frequently Asked Questions

Can I hold both JMOM and USVM in my portfolio?

JMOM and USVM have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JMOM or USVM?

JMOM has higher volatility (6.06%) compared to USVM (2.92%). In terms of maximum drawdown, JMOM dropped -34.31% vs USVM's -42.38%.

Which ETF is better, JMOM or USVM?

On 5-year performance, JMOM leads with 15.11% vs 11.48% for USVM. On fees, JMOM is cheaper at 0.12% 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, JMOM or USVM?

Over the 5-year period, JMOM has performed better with a 15.11% return vs 11.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JMOM or USVM?

JMOM is cheaper with a 0.12% expense ratio, compared with 0.29% for USVM.

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

USVM has the higher dividend yield at 1.83%, compared with 0.73% for JMOM.

What is the main difference between JMOM and USVM?

JMOM tracks JP Morgan US Momentum Factor Index, while USVM tracks Nasdaq Victory US Small Mid Cap Value Momentum Index. They also come from different issuers: JPMorgan and Victory Capital. Their fees differ too: 0.12% for JMOM and 0.29% for USVM.

Which has better risk-adjusted returns?

USVM currently has the higher Sharpe Ratio (2.06 vs 1.93), 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.