OAEM vs. UEVM
OAEM (OneAscent Emerging Markets ETF) and UEVM (VictoryShares Emerging Markets Value Momentum ETF) are both exchange-traded funds - OAEM is a Emerging Markets Diversified fund actively managed by Oneascent, while UEVM is a Momentum fund tracking the Nasdaq Victory Emerging Market Value Momentum Index. OAEM is actively managed, while UEVM is passively managed. Over the past 3 years, OAEM returned 20.22%/yr vs 17.49%/yr for UEVM. A 0.73 correlation means they provide meaningful diversification when combined. OAEM charges 1.25%/yr vs 0.45%/yr for UEVM.
Performance
OAEM vs. UEVM - Performance Comparison
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Returns By Period
In the year-to-date period, OAEM achieves a 32.44% return, which is significantly higher than UEVM's 6.12% return.
OAEM
- 1D
- -6.19%
- 1M
- 3.23%
- YTD
- 32.44%
- 6M
- 36.48%
- 1Y
- 54.85%
- 3Y*
- 20.22%
- 5Y*
- —
- 10Y*
- —
UEVM
- 1D
- -2.16%
- 1M
- -0.96%
- YTD
- 6.12%
- 6M
- 5.85%
- 1Y
- 19.69%
- 3Y*
- 17.49%
- 5Y*
- 7.30%
- 10Y*
- —
OAEM vs. UEVM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
OAEM OneAscent Emerging Markets ETF | 32.44% | 26.67% | 0.43% | 17.97% | 1.40% |
UEVM VictoryShares Emerging Markets Value Momentum ETF | 6.12% | 22.74% | 11.92% | 17.41% | 1.60% |
Correlation
The correlation between OAEM and UEVM is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | 0.73 |
The correlation between OAEM and UEVM has been stable across timeframes, ranging from 0.73 to 0.76 - a consistent structural relationship.
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Return for Risk
OAEM vs. UEVM — Risk / Return Rank
OAEM
UEVM
OAEM vs. UEVM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for OneAscent Emerging Markets ETF (OAEM) and VictoryShares Emerging Markets Value Momentum ETF (UEVM). 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.
| OAEM | UEVM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.23 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.77 | 2.02 | +1.75 |
| Martin ratioReturn relative to average drawdown | 14.95 | 6.57 | +8.37 |
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Drawdowns
OAEM vs. UEVM - Drawdown Comparison
The maximum OAEM drawdown since its inception was -17.05%, smaller than the maximum UEVM drawdown of -45.44%. Use the drawdown chart below to compare losses from any high point for OAEM and UEVM.
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Drawdown Indicators
| OAEM | UEVM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.05% | -45.44% | +28.39% |
Max Drawdown (1Y)Largest decline over 1 year | -14.63% | -9.79% | -4.84% |
Max Drawdown (3Y)Largest decline over 3 years | -17.05% | -18.88% | +1.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.73% | — |
Current DrawdownCurrent decline from peak | -6.19% | -4.76% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -3.85% | -11.62% | +7.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 3.00% | +0.68% |
Volatility
OAEM vs. UEVM - Volatility Comparison
OneAscent Emerging Markets ETF (OAEM) has a higher volatility of 13.79% compared to VictoryShares Emerging Markets Value Momentum ETF (UEVM) at 6.38%. This indicates that OAEM's price experiences larger fluctuations and is considered to be riskier than UEVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OAEM | UEVM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.79% | 6.38% | +7.41% |
Volatility (6M)Calculated over the trailing 6-month period | 23.31% | 13.13% | +10.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.31% | 15.84% | +9.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.41% | 16.05% | +4.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.41% | 18.42% | +1.99% |
OAEM vs. UEVM - Expense Ratio Comparison
OAEM has a 1.25% expense ratio, which is higher than UEVM's 0.45% expense ratio.
Dividends
OAEM vs. UEVM - Dividend Comparison
OAEM's dividend yield for the trailing twelve months is around 0.58%, less than UEVM's 2.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
OAEM OneAscent Emerging Markets ETF | 0.58% | 0.77% | 0.91% | 1.63% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UEVM VictoryShares Emerging Markets Value Momentum ETF | 2.85% | 4.02% | 5.65% | 4.71% | 3.46% | 4.49% | 2.19% | 2.79% | 2.34% | 0.79% |
Frequently Asked Questions
OAEM and UEVM have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OAEM has higher volatility (13.79%) compared to UEVM (6.38%). In terms of maximum drawdown, OAEM dropped -17.05% vs UEVM's -45.44%.
On 3-year performance, OAEM leads with 20.22% vs 17.49% for UEVM. On fees, UEVM is cheaper at 0.45% per year. On volatility, UEVM has been the lower-risk option at 6.38%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, OAEM has performed better with a 20.22% return vs 17.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UEVM is cheaper with a 0.45% expense ratio, compared with 1.25% for OAEM.
UEVM has the higher dividend yield at 2.85%, compared with 0.58% for OAEM.
OAEM is categorized as Emerging Markets Diversified, while UEVM is Momentum. They also come from different issuers: Oneascent and Victory Capital. Their fees differ too: 1.25% for OAEM and 0.45% for UEVM.
OAEM currently has the higher Sharpe Ratio (2.18 vs 1.25), 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.
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