MODL vs. USVM

Last updated Aug 2, 2026

MODL (Victoryshares Westend U.S. Sector ETF) and USVM (VictoryShares US Small Mid Cap Value Momentum ETF) are both exchange-traded funds - MODL is a Large Cap Blend Equities fund actively managed by Victory, while USVM is a Momentum fund tracking the Nasdaq Victory US Small Mid Cap Value Momentum Index. MODL is actively managed, while USVM is passively managed. Over the past 3 years, MODL returned 18.29%/yr vs 18.46%/yr for USVM. Their 0.71 correlation means they have sometimes moved together and sometimes differently. MODL charges 0.46%/yr vs 0.29%/yr for USVM.

Performance

MODL vs. USVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victoryshares Westend U.S. Sector ETF (MODL) 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, MODL achieves a 7.88% return, which is significantly lower than USVM's 21.09% return.

MODL

• 1D: 0.24%
• 1M: -0.44%
• 6M: 7.19%
• YTD: 7.88%
• 1Y: 19.08%
• 3Y*: 18.29%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.70%

USVM

• 1D: -0.42%
• 1M: 0.81%
• 6M: 15.17%
• YTD: 21.09%
• 1Y: 35.70%
• 3Y*: 18.46%
• 5Y*: 11.10%
• 10Y*: —
• ALL TIME*: 11.10%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MODL Victoryshares Westend U.S. Sector ETF	$1.69M	$2.90M	$3.17M
USVM VictoryShares US Small Mid Cap Value Momentum ETF	$4.40M	$4.64M	$4.70M

MODL vs. USVM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MODL Victoryshares Westend U.S. Sector ETF	7.88%	18.99%	24.73%	23.74%	6.45%
USVM VictoryShares US Small Mid Cap Value Momentum ETF	21.09%	10.56%	16.59%	18.90%	7.37%

Correlation

The correlation between MODL and USVM is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.67
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022	0.71

The correlation between MODL and USVM has been stable across timeframes, ranging from 0.67 to 0.71 - a consistent structural relationship.

MODL vs. USVM - Sectors Allocation Comparison

Sectors	MODL	USVM
Technology	32.3%	9.6%
Financial Services	20.2%	24.6%
Healthcare	18.3%	12.6%
Communication Services	9.7%	3.0%
Utilities	5.0%	7.3%
Consumer Cyclical	4.9%	12.3%
Basic Materials	4.6%	1.7%
Industrials	4.6%	10.8%
Energy	0.0%	5.0%
Consumer Defensive	0.0%	3.6%
Real Estate	-	9.4%

Return for Risk

MODL vs. USVM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MODL

MODL Risk / Return Rank: 60
MODL Sharpe Ratio Rank: 63
MODL Sortino Ratio Rank: 63
MODL Omega Ratio Rank: 60
MODL Calmar Ratio Rank: 52
MODL Martin Ratio Rank: 66

USVM

USVM Risk / Return Rank: 91
USVM Sharpe Ratio Rank: 91
USVM Sortino Ratio Rank: 92
USVM Omega Ratio Rank: 89
USVM Calmar Ratio Rank: 91
USVM Martin Ratio Rank: 92

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MODL vs. USVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victoryshares Westend U.S. Sector ETF (MODL) 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.

	MODL	USVM	Difference
Sharpe ratio: Return per unit of total volatility	1.47	2.32	-0.85
Sortino ratio: Return per unit of downside risk	2.09	3.38	-1.29
Omega ratio: Gain probability vs. loss probability	1.26	1.41	-0.15
Calmar ratio: Return relative to maximum drawdown	1.84	4.06	-2.21
Martin ratio: Return relative to average drawdown	8.00	15.72	-7.71

MODL vs. USVM - Sharpe Ratio Comparison

The current MODL Sharpe Ratio is 1.47, which is lower than the USVM Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of MODL 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

MODL vs. USVM - Drawdown Comparison

The maximum MODL drawdown since its inception was -17.60%, smaller than the maximum USVM drawdown of -42.38%. Use the drawdown chart below to compare losses from any high point for MODL and USVM.

Drawdown Indicators

	MODL	USVM	Difference
Max Drawdown Largest peak-to-trough decline	-17.60%	-42.38%	+24.78%
Max Drawdown (1Y) Largest decline over 1 year	-9.46%	-8.36%	-1.10%
Max Drawdown (3Y) Largest decline over 3 years	-17.60%	-24.34%	+6.74%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.27%	—
Current Drawdown Current decline from peak	-1.20%	-1.11%	-0.09%
Average Drawdown Average peak-to-trough decline	-2.00%	-7.76%	+5.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	2.15%	+0.03%

Volatility

MODL vs. USVM - Volatility Comparison

Victoryshares Westend U.S. Sector ETF (MODL) has a higher volatility of 3.09% compared to VictoryShares US Small Mid Cap Value Momentum ETF (USVM) at 2.91%. This indicates that MODL'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

	MODL	USVM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.09%	2.91%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	9.32%	10.68%	-1.36%
Volatility (1Y) Calculated over the trailing 1-year period	11.88%	14.64%	-2.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.53%	19.45%	-4.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.53%	21.86%	-7.33%

MODL vs. USVM - Expense Ratio Comparison

MODL has a 0.46% expense ratio, which is higher than USVM's 0.29% expense ratio.

Dividends

MODL vs. USVM - Dividend Comparison

MODL's dividend yield for the trailing twelve months is around 0.70%, less than USVM's 1.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MODL Victoryshares Westend U.S. Sector ETF	0.70%	0.67%	0.83%	1.02%	0.39%	0.00%	0.00%	0.00%	0.00%	0.00%
USVM VictoryShares US Small Mid Cap Value Momentum ETF	1.82%	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 MODL and USVM in my portfolio?

MODL and USVM have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MODL or USVM?

MODL has higher volatility (3.09%) compared to USVM (2.91%). In terms of maximum drawdown, MODL dropped -17.60% vs USVM's -42.38%.

Which ETF is better, MODL or USVM?

On 3-year performance, USVM leads with 18.46% vs 18.29% for MODL. On fees, USVM is cheaper at 0.29% per year. On volatility, USVM has been the lower-risk option at 2.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MODL or USVM?

Over the 3-year period, USVM has performed better with a 18.46% return vs 18.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MODL or USVM?

USVM is cheaper with a 0.29% expense ratio, compared with 0.46% for MODL.

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

USVM has the higher dividend yield at 1.82%, compared with 0.70% for MODL.

What is the main difference between MODL and USVM?

MODL is categorized as Large Cap Blend Equities, while USVM is Momentum. Their fees differ too: 0.46% for MODL and 0.29% for USVM.

Which has better risk-adjusted returns?

USVM currently has the higher Sharpe Ratio (2.32 vs 1.47), 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.