UCRD vs. MODL

Last updated Apr 2, 2026

Compare and contrast key facts about VictoryShares ESG Corporate Bond ETF (UCRD) and Victoryshares Westend U.S. Sector ETF (MODL).

UCRD and MODL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UCRD is an actively managed fund by Victory. It was launched on Oct 4, 2021. MODL is an actively managed fund by Victory. It was launched on Oct 11, 2022.

Performance

UCRD vs. MODL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares ESG Corporate Bond ETF (UCRD) and Victoryshares Westend U.S. Sector ETF (MODL). The values are adjusted to include any dividend payments, if applicable.

UCRD vs. MODL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
UCRD VictoryShares ESG Corporate Bond ETF	-0.35%	7.90%	2.68%	9.27%	4.60%
MODL Victoryshares Westend U.S. Sector ETF	-5.07%	18.99%	24.73%	23.74%	7.13%

Returns By Period

In the year-to-date period, UCRD achieves a -0.35% return, which is significantly higher than MODL's -5.07% return.

UCRD

• 1D: -0.10%
• 1M: -1.58%
• YTD: -0.35%
• 6M: 0.18%
• 1Y: 4.80%
• 3Y*: 5.06%
• 5Y*: —
• 10Y*: —

MODL

• 1D: 0.78%
• 1M: -4.46%
• YTD: -5.07%
• 6M: -2.59%
• 1Y: 16.73%
• 3Y*: 17.28%
• 5Y*: —
• 10Y*: —

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

UCRD vs. MODL - Expense Ratio Comparison

UCRD has a 0.40% expense ratio, which is lower than MODL's 0.46% expense ratio.

MODL

Victoryshares Westend U.S. Sector ETF

UCRD

VictoryShares ESG Corporate Bond ETF

Return for Risk

UCRD vs. MODL — Risk / Return Rank

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

UCRD

UCRD Risk / Return Rank: 46
UCRD Sharpe Ratio Rank: 48
UCRD Sortino Ratio Rank: 43
UCRD Omega Ratio Rank: 41
UCRD Calmar Ratio Rank: 55
UCRD Martin Ratio Rank: 45

MODL

MODL Risk / Return Rank: 56
MODL Sharpe Ratio Rank: 52
MODL Sortino Ratio Rank: 56
MODL Omega Ratio Rank: 57
MODL Calmar Ratio Rank: 55
MODL Martin Ratio Rank: 62

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.

UCRD vs. MODL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares ESG Corporate Bond ETF (UCRD) and Victoryshares Westend U.S. Sector ETF (MODL). 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.

	UCRD	MODL	Difference
Sharpe ratio Return per unit of total volatility	0.93	0.99	-0.05
Sortino ratio Return per unit of downside risk	1.30	1.52	-0.22
Omega ratio Gain probability vs. loss probability	1.17	1.22	-0.05
Calmar ratio Return relative to maximum drawdown	1.60	1.55	+0.04
Martin ratio Return relative to average drawdown	5.02	6.66	-1.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UCRD vs. MODL - Sharpe Ratio Comparison

The current UCRD Sharpe Ratio is 0.93, which is comparable to the MODL Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of UCRD and MODL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UCRD	MODL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.93	0.99	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	1.35	-1.34

Correlation

The correlation between UCRD and MODL is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

UCRD vs. MODL - Dividend Comparison

UCRD's dividend yield for the trailing twelve months is around 4.16%, more than MODL's 0.76% yield.

	TTM	2025	2024	2023	2022	2021
UCRD VictoryShares ESG Corporate Bond ETF	4.16%	4.05%	4.00%	3.56%	2.72%	0.54%
MODL Victoryshares Westend U.S. Sector ETF	0.76%	0.67%	0.83%	1.02%	0.39%	0.00%

Drawdowns

UCRD vs. MODL - Drawdown Comparison

The maximum UCRD drawdown since its inception was -22.37%, which is greater than MODL's maximum drawdown of -17.60%. Use the drawdown chart below to compare losses from any high point for UCRD and MODL.

Drawdown Indicators

	UCRD	MODL	Difference
Max Drawdown Largest peak-to-trough decline	-22.37%	-17.60%	-4.77%
Max Drawdown (1Y) Largest decline over 1 year	-3.17%	-10.88%	+7.71%
Current Drawdown Current decline from peak	-1.98%	-6.31%	+4.33%
Average Drawdown Average peak-to-trough decline	-8.68%	-2.09%	-6.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.01%	2.54%	-1.53%

Volatility

UCRD vs. MODL - Volatility Comparison

The current volatility for VictoryShares ESG Corporate Bond ETF (UCRD) is 2.13%, while Victoryshares Westend U.S. Sector ETF (MODL) has a volatility of 4.93%. This indicates that UCRD experiences smaller price fluctuations and is considered to be less risky than MODL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UCRD	MODL	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.13%	4.93%	-2.80%
Volatility (6M) Calculated over the trailing 6-month period	2.98%	8.69%	-5.71%
Volatility (1Y) Calculated over the trailing 1-year period	5.16%	17.02%	-11.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.65%	14.72%	-7.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.65%	14.72%	-7.07%