ROMO vs. UEVM

Last updated Jun 24, 2026

ROMO (Strategy Shares Newfound/ReSolve Robust Momentum ETF) and UEVM (VictoryShares Emerging Markets Value Momentum ETF) are both Momentum funds - ROMO tracks the Newfound/ReSolve Robust Equity Momentum Index while UEVM tracks the Nasdaq Victory Emerging Market Value Momentum Index. Both are passively managed. Over the past 5 years, ROMO returned 6.41%/yr vs 7.30%/yr for UEVM. A 0.60 correlation means they provide meaningful diversification when combined. ROMO charges 0.82%/yr vs 0.45%/yr for UEVM.

Performance

ROMO vs. UEVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO) and VictoryShares Emerging Markets Value Momentum ETF (UEVM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ROMO achieves a 4.60% return, which is significantly lower than UEVM's 6.12% return.

ROMO

• 1D: -1.49%
• 1M: -0.86%
• YTD: 4.60%
• 6M: 4.12%
• 1Y: 15.98%
• 3Y*: 13.83%
• 5Y*: 6.41%
• 10Y*: —

UEVM

• 1D: -2.16%
• 1M: -0.96%
• YTD: 6.12%
• 6M: 5.85%
• 1Y: 19.69%
• 3Y*: 17.49%
• 5Y*: 7.30%
• 10Y*: —

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

ROMO vs. UEVM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ROMO Strategy Shares Newfound/ReSolve Robust Momentum ETF	4.60%	9.29%	20.68%	11.05%	-18.88%	21.41%	-3.48%	4.25%
UEVM VictoryShares Emerging Markets Value Momentum ETF	6.12%	22.74%	11.92%	17.41%	-14.60%	11.09%	3.77%	5.14%

Correlation

The correlation between ROMO 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	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Nov 4, 2019	0.60

The correlation between ROMO and UEVM shifts across timeframes, from 0.57 (5 years) to 0.76 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ROMO vs. UEVM — Risk / Return Rank

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

ROMO

ROMO Risk / Return Rank: 33
ROMO Sharpe Ratio Rank: 34
ROMO Sortino Ratio Rank: 33
ROMO Omega Ratio Rank: 34
ROMO Calmar Ratio Rank: 31
ROMO Martin Ratio Rank: 36

UEVM

UEVM Risk / Return Rank: 39
UEVM Sharpe Ratio Rank: 37
UEVM Sortino Ratio Rank: 35
UEVM Omega Ratio Rank: 36
UEVM Calmar Ratio Rank: 43
UEVM Martin Ratio Rank: 43

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.

ROMO vs. UEVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO) 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.

	ROMO	UEVM	Difference
Sharpe ratio: Return per unit of total volatility	1.14	1.25	-0.11
Sortino ratio: Return per unit of downside risk	1.64	1.74	-0.10
Omega ratio: Gain probability vs. loss probability	1.21	1.23	-0.02
Calmar ratio: Return relative to maximum drawdown	1.44	2.02	-0.58
Martin ratio: Return relative to average drawdown	5.11	6.57	-1.47

ROMO vs. UEVM - Sharpe Ratio Comparison

The current ROMO Sharpe Ratio is 1.14, which is comparable to the UEVM Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of ROMO and UEVM, 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

ROMO vs. UEVM - Drawdown Comparison

The maximum ROMO drawdown since its inception was -28.66%, smaller than the maximum UEVM drawdown of -45.44%. Use the drawdown chart below to compare losses from any high point for ROMO and UEVM.

Drawdown Indicators

	ROMO	UEVM	Difference
Max Drawdown Largest peak-to-trough decline	-28.66%	-45.44%	+16.78%
Max Drawdown (1Y) Largest decline over 1 year	-11.16%	-9.79%	-1.37%
Max Drawdown (3Y) Largest decline over 3 years	-14.09%	-18.88%	+4.79%
Max Drawdown (5Y) Largest decline over 5 years	-20.26%	-26.73%	+6.47%
Current Drawdown Current decline from peak	-3.22%	-4.76%	+1.54%
Average Drawdown Average peak-to-trough decline	-8.26%	-11.62%	+3.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	3.00%	+0.14%

Volatility

ROMO vs. UEVM - Volatility Comparison

The current volatility for Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO) is 4.60%, while VictoryShares Emerging Markets Value Momentum ETF (UEVM) has a volatility of 6.38%. This indicates that ROMO experiences smaller price fluctuations and is considered to be less risky than UEVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ROMO	UEVM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.60%	6.38%	-1.78%
Volatility (6M) Calculated over the trailing 6-month period	11.79%	13.13%	-1.34%
Volatility (1Y) Calculated over the trailing 1-year period	14.10%	15.84%	-1.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.16%	16.05%	-3.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.49%	18.42%	-3.93%

ROMO vs. UEVM - Expense Ratio Comparison

ROMO has a 0.82% expense ratio, which is higher than UEVM's 0.45% expense ratio.

Dividends

ROMO vs. UEVM - Dividend Comparison

ROMO's dividend yield for the trailing twelve months is around 8.48%, more than UEVM's 2.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ROMO Strategy Shares Newfound/ReSolve Robust Momentum ETF	8.48%	8.87%	0.76%	2.42%	0.77%	0.56%	0.97%	0.58%	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

Can I hold both ROMO and UEVM in my portfolio?

ROMO 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.

Which is riskier, ROMO or UEVM?

UEVM has higher volatility (6.38%) compared to ROMO (4.60%). In terms of maximum drawdown, ROMO dropped -28.66% vs UEVM's -45.44%.

Which ETF is better, ROMO or UEVM?

On 5-year performance, UEVM leads with 7.30% vs 6.41% for ROMO. On fees, UEVM is cheaper at 0.45% per year. On volatility, ROMO has been the lower-risk option at 4.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ROMO or UEVM?

Over the 5-year period, UEVM has performed better with a 7.30% return vs 6.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ROMO or UEVM?

UEVM is cheaper with a 0.45% expense ratio, compared with 0.82% for ROMO.

Which ETF pays a higher dividend yield, ROMO or UEVM?

ROMO has the higher dividend yield at 8.48%, compared with 2.85% for UEVM.

What is the main difference between ROMO and UEVM?

ROMO tracks Newfound/ReSolve Robust Equity Momentum Index, while UEVM tracks Nasdaq Victory Emerging Market Value Momentum Index. They also come from different issuers: Rational Capital LLC and Victory Capital. Their fees differ too: 0.82% for ROMO and 0.45% for UEVM.

Which has better risk-adjusted returns?

UEVM currently has the higher Sharpe Ratio (1.25 vs 1.14), 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.