TSCV vs. USVM

Last updated Jun 4, 2026

TSCV (Thrivent Small Cap Value ETF) and USVM (VictoryShares US Small Mid Cap Value Momentum ETF) are both exchange-traded funds - TSCV is a Small Cap Value Equities fund actively managed by Thrivent, while USVM is a Momentum fund tracking the Nasdaq Victory US Small Mid Cap Value Momentum Index. TSCV is actively managed, while USVM is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. TSCV charges 0.60%/yr vs 0.29%/yr for USVM.

Performance

TSCV vs. USVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Thrivent Small Cap Value ETF (TSCV) and VictoryShares US Small Mid Cap Value Momentum ETF (USVM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with TSCV having a 15.89% return and USVM slightly lower at 15.26%.

TSCV

• 1D: -0.29%
• 1M: 1.16%
• YTD: 15.89%
• 6M: 14.99%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USVM

• 1D: -0.40%
• 1M: 2.60%
• YTD: 15.26%
• 6M: 15.00%
• 1Y: 30.42%
• 3Y*: 19.79%
• 5Y*: 9.74%
• 10Y*: —

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

TSCV vs. USVM - Yearly Performance Comparison

	2026 (YTD)	2025
TSCV Thrivent Small Cap Value ETF	15.89%	6.24%
USVM VictoryShares US Small Mid Cap Value Momentum ETF	15.26%	4.70%

Correlation

The correlation between TSCV and USVM is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.92

Return for Risk

TSCV vs. USVM — Risk / Return Rank

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

USVM

USVM Risk / Return Rank: 65
USVM Sharpe Ratio Rank: 60
USVM Sortino Ratio Rank: 63
USVM Omega Ratio Rank: 57
USVM Calmar Ratio Rank: 73
USVM Martin Ratio Rank: 73

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.

TSCV vs. USVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Thrivent Small Cap Value ETF (TSCV) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TSCV	USVM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.05	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.84	0.49	+2.35

Drawdowns

TSCV vs. USVM - Drawdown Comparison

The maximum TSCV drawdown since its inception was -10.17%, smaller than the maximum USVM drawdown of -42.38%. Use the drawdown chart below to compare losses from any high point for TSCV and USVM.

Drawdown Indicators

	TSCV	USVM	Difference
Max Drawdown Largest peak-to-trough decline	-10.17%	-42.38%	+32.21%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.36%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-24.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.27%	—
Current Drawdown Current decline from peak	-0.70%	-0.57%	-0.13%
Average Drawdown Average peak-to-trough decline	-2.11%	-7.90%	+5.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.22%	—

Volatility

Volatility by Period

	TSCV	USVM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.73%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.80%	14.93%	+1.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.80%	19.65%	-2.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.80%	22.01%	-5.21%

TSCV vs. USVM - Expense Ratio Comparison

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

Dividends

TSCV vs. USVM - Dividend Comparison

TSCV's dividend yield for the trailing twelve months is around 0.24%, less than USVM's 1.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
TSCV Thrivent Small Cap Value ETF	0.24%	0.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USVM VictoryShares US Small Mid Cap Value Momentum ETF	1.76%	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 TSCV and USVM in my portfolio?

With a correlation of 0.92, TSCV and USVM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, TSCV or USVM?

On fees, USVM is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSCV or USVM?

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

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

USVM has the higher dividend yield at 1.76%, compared with 0.24% for TSCV.

What is the main difference between TSCV and USVM?

TSCV is categorized as Small Cap Value Equities, while USVM is Momentum. They also come from different issuers: Thrivent and Victory Capital. Their fees differ too: 0.60% for TSCV and 0.29% for USVM.