QMOM vs. USVM

Last updated Jul 14, 2026

QMOM (Alpha Architect U.S. Quantitative Momentum ETF) and USVM (VictoryShares US Small Mid Cap Value Momentum ETF) are both Momentum funds. QMOM is actively managed, while USVM is passively managed. Over the past 5 years, QMOM returned 10.18%/yr vs 11.31%/yr for USVM. A 0.73 correlation means they provide meaningful diversification when combined. QMOM charges 0.28%/yr vs 0.29%/yr for USVM.

Performance

QMOM vs. USVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alpha Architect U.S. Quantitative Momentum ETF (QMOM) 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, QMOM achieves a 14.85% return, which is significantly lower than USVM's 20.14% return.

QMOM

• 1D: -1.35%
• 1M: -5.21%
• 6M: 8.94%
• YTD: 14.85%
• 1Y: 20.78%
• 3Y*: 17.72%
• 5Y*: 10.18%
• 10Y*: 12.53%

USVM

• 1D: -0.19%
• 1M: 0.93%
• 6M: 14.65%
• YTD: 20.14%
• 1Y: 30.87%
• 3Y*: 19.18%
• 5Y*: 11.31%
• 10Y*: —

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

QMOM vs. USVM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QMOM Alpha Architect U.S. Quantitative Momentum ETF	14.85%	2.36%	30.43%	9.50%	-6.99%	-4.06%	61.94%	28.39%	-11.75%	3.52%
USVM VictoryShares US Small Mid Cap Value Momentum ETF	20.14%	10.56%	16.59%	18.90%	-13.23%	24.44%	11.56%	21.65%	-9.39%	2.06%

Correlation

The correlation between QMOM and USVM is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017	0.73

The correlation between QMOM and USVM shifts across timeframes, from 0.65 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.

QMOM vs. USVM - Sectors Allocation Comparison

Sectors	QMOM	USVM
Industrials	25.6%	10.6%
Technology	24.6%	8.7%
Energy	16.0%	5.1%
Basic Materials	15.9%	1.7%
Healthcare	8.0%	12.8%
Consumer Cyclical	6.0%	12.3%
Consumer Defensive	2.0%	3.7%
Communication Services	2.0%	3.0%
Utilities	2.0%	7.4%
Financial Services	1.9%	25.1%
Real Estate	-	9.6%

Return for Risk

QMOM vs. USVM — Risk / Return Rank

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

QMOM

QMOM Risk / Return Rank: 34
QMOM Sharpe Ratio Rank: 29
QMOM Sortino Ratio Rank: 28
QMOM Omega Ratio Rank: 28
QMOM Calmar Ratio Rank: 40
QMOM Martin Ratio Rank: 44

USVM

USVM Risk / Return Rank: 84
USVM Sharpe Ratio Rank: 83
USVM Sortino Ratio Rank: 86
USVM Omega Ratio Rank: 79
USVM Calmar Ratio Rank: 85
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.

QMOM vs. USVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alpha Architect U.S. Quantitative Momentum ETF (QMOM) 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.

	QMOM	USVM	Difference
Sharpe ratio: Return per unit of total volatility	0.84	2.09	-1.26
Sortino ratio: Return per unit of downside risk	1.27	3.06	-1.79
Omega ratio: Gain probability vs. loss probability	1.16	1.37	-0.21
Calmar ratio: Return relative to maximum drawdown	1.65	3.71	-2.06
Martin ratio: Return relative to average drawdown	5.63	13.98	-8.35

QMOM vs. USVM - Sharpe Ratio Comparison

The current QMOM Sharpe Ratio is 0.84, which is lower than the USVM Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of QMOM 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

QMOM vs. USVM - Drawdown Comparison

The maximum QMOM drawdown since its inception was -39.13%, smaller than the maximum USVM drawdown of -42.38%. Use the drawdown chart below to compare losses from any high point for QMOM and USVM.

Drawdown Indicators

	QMOM	USVM	Difference
Max Drawdown Largest peak-to-trough decline	-39.13%	-42.38%	+3.25%
Max Drawdown (1Y) Largest decline over 1 year	-12.65%	-8.36%	-4.29%
Max Drawdown (3Y) Largest decline over 3 years	-26.46%	-24.34%	-2.12%
Max Drawdown (5Y) Largest decline over 5 years	-26.82%	-25.27%	-1.55%
Max Drawdown (10Y) Largest decline over 10 years	-39.13%	—	—
Current Drawdown Current decline from peak	-8.20%	-0.92%	-7.28%
Average Drawdown Average peak-to-trough decline	-12.85%	-7.81%	-5.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.70%	2.21%	+1.49%

Volatility

QMOM vs. USVM - Volatility Comparison

Alpha Architect U.S. Quantitative Momentum ETF (QMOM) has a higher volatility of 8.10% compared to VictoryShares US Small Mid Cap Value Momentum ETF (USVM) at 3.46%. This indicates that QMOM'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

	QMOM	USVM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.10%	3.46%	+4.64%
Volatility (6M) Calculated over the trailing 6-month period	21.44%	10.86%	+10.58%
Volatility (1Y) Calculated over the trailing 1-year period	25.00%	14.83%	+10.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.44%	19.57%	+4.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.65%	21.91%	+4.74%

QMOM vs. USVM - Expense Ratio Comparison

QMOM has a 0.28% expense ratio, which is lower than USVM's 0.29% expense ratio.

Dividends

QMOM vs. USVM - Dividend Comparison

QMOM's dividend yield for the trailing twelve months is around 0.47%, less than USVM's 1.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
QMOM Alpha Architect U.S. Quantitative Momentum ETF	0.47%	0.54%	1.40%	0.87%	1.59%	0.12%	0.08%	0.01%	0.05%	0.13%	0.34%
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%	0.00%

Frequently Asked Questions

Can I hold both QMOM and USVM in my portfolio?

QMOM and USVM have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QMOM or USVM?

QMOM has higher volatility (8.10%) compared to USVM (3.46%). In terms of maximum drawdown, QMOM dropped -39.13% vs USVM's -42.38%.

Which ETF is better, QMOM or USVM?

On 5-year performance, USVM leads with 11.31% vs 10.18% for QMOM. On fees, QMOM is cheaper at 0.28% per year. On volatility, USVM has been the lower-risk option at 3.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QMOM or USVM?

Over the 5-year period, USVM has performed better with a 11.31% return vs 10.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QMOM or USVM?

QMOM is cheaper with a 0.28% expense ratio, compared with 0.29% for USVM.

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

USVM has the higher dividend yield at 1.83%, compared with 0.47% for QMOM.

What is the main difference between QMOM and USVM?

They also come from different issuers: Alpha Architect and Victory Capital. Their fees differ too: 0.28% for QMOM and 0.29% for USVM.

Which has better risk-adjusted returns?

USVM currently has the higher Sharpe Ratio (2.09 vs 0.84), 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.