JPSV vs. USVM

Last updated Jun 4, 2026

JPSV (Jpmorgan Active Small Cap Value ETF) and USVM (VictoryShares US Small Mid Cap Value Momentum ETF) are both exchange-traded funds - JPSV is a Small Cap Value Equities fund actively managed by JPMorgan, while USVM is a Momentum fund tracking the Nasdaq Victory US Small Mid Cap Value Momentum Index. JPSV is actively managed, while USVM is passively managed. Over the past 3 years, JPSV returned 11.47%/yr vs 19.79%/yr for USVM. Their correlation of 0.93 suggests significant overlap in exposure. JPSV charges 0.74%/yr vs 0.29%/yr for USVM.

Performance

JPSV vs. USVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Jpmorgan Active Small Cap Value ETF (JPSV) 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, JPSV achieves a 10.39% return, which is significantly lower than USVM's 15.26% return.

JPSV

• 1D: -1.23%
• 1M: 2.73%
• YTD: 10.39%
• 6M: 8.88%
• 1Y: 16.62%
• 3Y*: 11.47%
• 5Y*: —
• 10Y*: —

USVM

• 1D: -0.40%
• 1M: 2.60%
• YTD: 15.26%
• 6M: 15.00%
• 1Y: 30.42%
• 3Y*: 19.79%
• 5Y*: 9.74%
• 10Y*: —

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

JPSV vs. USVM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JPSV Jpmorgan Active Small Cap Value ETF	10.39%	0.63%	8.73%	9.72%
USVM VictoryShares US Small Mid Cap Value Momentum ETF	15.26%	10.56%	16.59%	13.02%

Correlation

The correlation between JPSV and USVM is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (All Time) Calculated using the full available price history since Mar 9, 2023	0.93

The correlation between JPSV and USVM has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

JPSV vs. USVM - Sectors Allocation Comparison

Sectors	JPSV	USVM
Financial Services	24.8%	22.0%
Industrials	13.2%	12.1%
Consumer Cyclical	9.2%	11.1%
Technology	8.8%	11.6%
Real Estate	8.4%	11.9%
Communication Services	6.7%	2.8%
Utilities	5.5%	6.4%
Energy	5.4%	4.4%
Healthcare	5.1%	11.0%
Basic Materials	5.1%	1.8%
Consumer Defensive	2.3%	5.0%

Return for Risk

JPSV vs. USVM — Risk / Return Rank

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

JPSV

JPSV Risk / Return Rank: 32
JPSV Sharpe Ratio Rank: 30
JPSV Sortino Ratio Rank: 31
JPSV Omega Ratio Rank: 29
JPSV Calmar Ratio Rank: 37
JPSV Martin Ratio Rank: 33

USVM

USVM Risk / Return Rank: 65
USVM Sharpe Ratio Rank: 60
USVM Sortino Ratio Rank: 63
USVM Omega Ratio Rank: 57
USVM Calmar Ratio Rank: 73
USVM Martin Ratio Rank: 73

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.

JPSV vs. USVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Jpmorgan Active Small Cap Value ETF (JPSV) 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.

	JPSV	USVM	Difference
Sharpe ratio: Return per unit of total volatility	1.07	2.05	-0.98
Sortino ratio: Return per unit of downside risk	1.68	2.98	-1.30
Omega ratio: Gain probability vs. loss probability	1.20	1.36	-0.16
Calmar ratio: Return relative to maximum drawdown	1.85	3.66	-1.81
Martin ratio: Return relative to average drawdown	4.96	13.76	-8.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPSV vs. USVM - Sharpe Ratio Comparison

The current JPSV Sharpe Ratio is 1.07, which is lower than the USVM Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of JPSV 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.

Sharpe Ratios by Period

	JPSV	USVM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	2.05	-0.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.49	+0.02

Drawdowns

JPSV vs. USVM - Drawdown Comparison

The maximum JPSV drawdown since its inception was -22.78%, smaller than the maximum USVM drawdown of -42.38%. Use the drawdown chart below to compare losses from any high point for JPSV and USVM.

Drawdown Indicators

	JPSV	USVM	Difference
Max Drawdown Largest peak-to-trough decline	-22.78%	-42.38%	+19.60%
Max Drawdown (1Y) Largest decline over 1 year	-9.02%	-8.36%	-0.66%
Max Drawdown (3Y) Largest decline over 3 years	-22.78%	-24.34%	+1.56%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.27%	—
Current Drawdown Current decline from peak	-1.33%	-0.57%	-0.76%
Average Drawdown Average peak-to-trough decline	-5.63%	-7.90%	+2.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	2.22%	+1.14%

Volatility

JPSV vs. USVM - Volatility Comparison

The current volatility for Jpmorgan Active Small Cap Value ETF (JPSV) is 3.80%, while VictoryShares US Small Mid Cap Value Momentum ETF (USVM) has a volatility of 4.50%. This indicates that JPSV experiences smaller price fluctuations and is considered to be less risky than USVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPSV	USVM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.80%	4.50%	-0.70%
Volatility (6M) Calculated over the trailing 6-month period	9.99%	10.73%	-0.74%
Volatility (1Y) Calculated over the trailing 1-year period	15.62%	14.93%	+0.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.92%	19.65%	-1.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.92%	22.01%	-4.09%

JPSV vs. USVM - Expense Ratio Comparison

JPSV has a 0.74% expense ratio, which is higher than USVM's 0.29% expense ratio.

Dividends

JPSV vs. USVM - Dividend Comparison

JPSV's dividend yield for the trailing twelve months is around 1.28%, less than USVM's 1.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
JPSV Jpmorgan Active Small Cap Value ETF	1.28%	1.42%	1.21%	1.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USVM VictoryShares US Small Mid Cap Value Momentum ETF	1.76%	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 JPSV and USVM in my portfolio?

JPSV and USVM have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPSV or USVM?

USVM has higher volatility (4.50%) compared to JPSV (3.80%). In terms of maximum drawdown, JPSV dropped -22.78% vs USVM's -42.38%.

Which ETF is better, JPSV or USVM?

On 3-year performance, USVM leads with 19.79% vs 11.47% for JPSV. On fees, USVM is cheaper at 0.29% per year. On volatility, JPSV has been the lower-risk option at 3.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPSV or USVM?

Over the 3-year period, USVM has performed better with a 19.79% return vs 11.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPSV or USVM?

USVM is cheaper with a 0.29% expense ratio, compared with 0.74% for JPSV.

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

USVM has the higher dividend yield at 1.76%, compared with 1.28% for JPSV.

What is the main difference between JPSV and USVM?

JPSV is categorized as Small Cap Value Equities, while USVM is Momentum. They also come from different issuers: JPMorgan and Victory Capital. Their fees differ too: 0.74% for JPSV and 0.29% for USVM.

Which has better risk-adjusted returns?

USVM currently has the higher Sharpe Ratio (2.05 vs 1.07), 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.