PRN vs. USVM

Last updated Aug 3, 2026

PRN (Invesco Dorsey Wright Industrials Momentum ETF) and USVM (VictoryShares US Small Mid Cap Value Momentum ETF) are both Momentum funds - PRN tracks the Dorsey Wright Industrials Technical Leaders Index while USVM tracks the Nasdaq Victory US Small Mid Cap Value Momentum Index. Both are passively managed. Over the past 5 years, PRN returned 16.85%/yr vs 11.10%/yr for USVM. Their correlation of 0.82 means they have usually moved in the same direction. PRN charges 0.60%/yr vs 0.29%/yr for USVM.

Performance

PRN vs. USVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dorsey Wright Industrials Momentum ETF (PRN) 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, PRN achieves a 23.45% return, which is significantly higher than USVM's 21.09% return.

PRN

• 1D: 1.01%
• 1M: -8.35%
• 6M: 11.82%
• YTD: 23.45%
• 1Y: 34.52%
• 3Y*: 25.97%
• 5Y*: 16.85%
• 10Y*: 16.36%
• ALL TIME*: 12.07%

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)
PRN Invesco Dorsey Wright Industrials Momentum ETF	$11.92M	$11.20M	$10.20M
USVM VictoryShares US Small Mid Cap Value Momentum ETF	$4.40M	$4.64M	$4.70M

PRN vs. USVM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRN Invesco Dorsey Wright Industrials Momentum ETF	23.45%	13.74%	30.35%	37.96%	-25.09%	25.21%	36.39%	34.52%	-16.19%	1.58%
USVM VictoryShares US Small Mid Cap Value Momentum ETF	21.09%	10.56%	16.59%	18.90%	-13.23%	24.44%	11.56%	21.65%	-9.39%	2.06%

Correlation

The correlation between PRN and USVM is 0.66, 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.	0.66
Correlation (3Y) Balances recent behavior with more history.	0.76
Correlation (5Y) Shows whether the relationship held over a longer period.	0.81
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017	0.82

The correlation between PRN and USVM shifts across timeframes, from 0.66 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.

PRN vs. USVM - Sectors Allocation Comparison

Sectors	PRN	USVM
Industrials	73.1%	10.8%
Technology	21.9%	9.6%
Consumer Cyclical	2.5%	12.3%
Real Estate	2.3%	9.4%
Energy	1.6%	5.0%
Basic Materials	1.4%	1.7%
Financial Services	1.2%	24.6%
Communication Services	-	3.0%
Consumer Defensive	-	3.6%
Healthcare	-	12.6%
Utilities	-	7.3%

Return for Risk

PRN vs. USVM — Risk / Return Rank

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

PRN

PRN Risk / Return Rank: 39
PRN Sharpe Ratio Rank: 37
PRN Sortino Ratio Rank: 37
PRN Omega Ratio Rank: 37
PRN Calmar Ratio Rank: 37
PRN Martin Ratio Rank: 46

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.

PRN vs. USVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dorsey Wright Industrials Momentum ETF (PRN) 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.

	PRN	USVM	Difference
Sharpe ratio: Return per unit of total volatility	0.92	2.32	-1.40
Sortino ratio: Return per unit of downside risk	1.39	3.38	-1.99
Omega ratio: Gain probability vs. loss probability	1.18	1.41	-0.23
Calmar ratio: Return relative to maximum drawdown	1.28	4.06	-2.77
Martin ratio: Return relative to average drawdown	5.15	15.72	-10.57

PRN vs. USVM - Sharpe Ratio Comparison

The current PRN Sharpe Ratio is 0.92, which is lower than the USVM Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of PRN 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

PRN vs. USVM - Drawdown Comparison

The maximum PRN drawdown since its inception was -59.88%, which is greater than USVM's maximum drawdown of -42.38%. Use the drawdown chart below to compare losses from any high point for PRN and USVM.

Drawdown Indicators

	PRN	USVM	Difference
Max Drawdown Largest peak-to-trough decline	-59.88%	-42.38%	-17.50%
Max Drawdown (1Y) Largest decline over 1 year	-24.60%	-8.36%	-16.24%
Max Drawdown (3Y) Largest decline over 3 years	-30.78%	-24.34%	-6.44%
Max Drawdown (5Y) Largest decline over 5 years	-34.84%	-25.27%	-9.57%
Max Drawdown (10Y) Largest decline over 10 years	-36.27%	—	—
Current Drawdown Current decline from peak	-17.94%	-1.11%	-16.83%
Average Drawdown Average peak-to-trough decline	-10.82%	-7.76%	-3.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.13%	2.15%	+3.98%

Volatility

PRN vs. USVM - Volatility Comparison

Invesco Dorsey Wright Industrials Momentum ETF (PRN) has a higher volatility of 15.11% compared to VictoryShares US Small Mid Cap Value Momentum ETF (USVM) at 2.91%. This indicates that PRN'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

	PRN	USVM	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.11%	2.91%	+12.20%
Volatility (6M) Calculated over the trailing 6-month period	28.53%	10.68%	+17.85%
Volatility (1Y) Calculated over the trailing 1-year period	34.23%	14.64%	+19.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.30%	19.45%	+6.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.88%	21.86%	+3.02%

PRN vs. USVM - Expense Ratio Comparison

PRN has a 0.60% expense ratio, which is higher than USVM's 0.29% expense ratio.

Dividends

PRN vs. USVM - Dividend Comparison

PRN's dividend yield for the trailing twelve months is around 0.10%, less than USVM's 1.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRN Invesco Dorsey Wright Industrials Momentum ETF	0.10%	0.17%	0.39%	0.52%	0.82%	0.11%	0.10%	0.42%	0.29%	0.60%	0.57%	0.44%
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%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PRN and USVM in my portfolio?

PRN and USVM have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRN or USVM?

PRN has higher volatility (15.11%) compared to USVM (2.91%). In terms of maximum drawdown, PRN dropped -59.88% vs USVM's -42.38%.

Which ETF is better, PRN or USVM?

On 5-year performance, PRN leads with 16.85% vs 11.10% for USVM. 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, PRN or USVM?

Over the 5-year period, PRN has performed better with a 16.85% return vs 11.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PRN or USVM?

USVM is cheaper with a 0.29% expense ratio, compared with 0.60% for PRN.

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

USVM has the higher dividend yield at 1.82%, compared with 0.10% for PRN.

What is the main difference between PRN and USVM?

PRN tracks Dorsey Wright Industrials Technical Leaders Index, while USVM tracks Nasdaq Victory US Small Mid Cap Value Momentum Index. They also come from different issuers: Invesco and Victory. Their fees differ too: 0.60% for PRN and 0.29% for USVM.

Which has better risk-adjusted returns?

USVM currently has the higher Sharpe Ratio (2.32 vs 0.92), 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.