UEVM vs. MODL

Last updated Aug 4, 2026

UEVM (VictoryShares Emerging Markets Value Momentum ETF) and MODL (Victoryshares Westend U.S. Sector ETF) are both exchange-traded funds - UEVM is a Momentum fund tracking the Nasdaq Victory Emerging Market Value Momentum Index, while MODL is a Large Cap Blend Equities fund actively managed by Victory. UEVM is passively managed, while MODL is actively managed. Over the past 3 years, UEVM returned 16.40%/yr vs 19.67%/yr for MODL. Their 0.51 correlation means they have sometimes moved together and sometimes differently. UEVM charges 0.45%/yr vs 0.46%/yr for MODL.

Performance

UEVM vs. MODL - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with UEVM having a 9.19% return and MODL slightly higher at 9.21%.

UEVM

• 1D: -0.02%
• 1M: 4.45%
• 6M: 2.40%
• YTD: 9.19%
• 1Y: 18.69%
• 3Y*: 16.40%
• 5Y*: 8.36%
• 10Y*: —
• ALL TIME*: 5.82%

MODL

• 1D: 1.23%
• 1M: 0.78%
• 6M: 7.79%
• YTD: 9.21%
• 1Y: 20.55%
• 3Y*: 19.67%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.04%

*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)
MODL Victoryshares Westend U.S. Sector ETF	$1.73M	$2.69M	$3.19M
UEVM VictoryShares Emerging Markets Value Momentum ETF	$142.75K	$200.41K	$201.25K

UEVM vs. MODL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
UEVM VictoryShares Emerging Markets Value Momentum ETF	9.19%	22.74%	11.92%	17.41%	11.28%
MODL Victoryshares Westend U.S. Sector ETF	9.21%	18.99%	24.73%	23.74%	6.45%

Correlation

The correlation between UEVM and MODL is 0.63, 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.	0.63
Correlation (3Y) Balances recent behavior with more history.	0.53
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022	0.51

The correlation between UEVM and MODL shifts across timeframes, from 0.51 (all time) to 0.63 (1 year), reflecting how their relationship changes across market environments.

UEVM vs. MODL - Sectors Allocation Comparison

Sectors	UEVM	MODL
Financial Services	26.7%	20.2%
Consumer Cyclical	11.6%	4.9%
Consumer Defensive	10.1%	0.0%
Industrials	9.7%	4.6%
Healthcare	8.7%	18.3%
Technology	8.6%	32.3%
Basic Materials	7.4%	4.6%
Energy	5.9%	0.0%
Utilities	5.0%	5.0%
Real Estate	4.2%	-
Communication Services	2.2%	9.7%

Return for Risk

UEVM vs. MODL — Risk / Return Rank

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

UEVM

UEVM Risk / Return Rank: 46
UEVM Sharpe Ratio Rank: 45
UEVM Sortino Ratio Rank: 43
UEVM Omega Ratio Rank: 44
UEVM Calmar Ratio Rank: 51
UEVM Martin Ratio Rank: 47

MODL

MODL Risk / Return Rank: 68
MODL Sharpe Ratio Rank: 72
MODL Sortino Ratio Rank: 72
MODL Omega Ratio Rank: 69
MODL Calmar Ratio Rank: 58
MODL Martin Ratio Rank: 72

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.

UEVM vs. MODL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares Emerging Markets Value Momentum ETF (UEVM) 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.

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.

	UEVM	MODL	Difference
Sharpe ratio: Return per unit of total volatility	1.18	1.74	-0.56
Sortino ratio: Return per unit of downside risk	1.65	2.47	-0.82
Omega ratio: Gain probability vs. loss probability	1.22	1.31	-0.09
Calmar ratio: Return relative to maximum drawdown	1.92	2.18	-0.26
Martin ratio: Return relative to average drawdown	5.56	9.47	-3.91

UEVM vs. MODL - Sharpe Ratio Comparison

The current UEVM Sharpe Ratio is 1.18, which is lower than the MODL Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of UEVM and MODL, 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

UEVM vs. MODL - Drawdown Comparison

The maximum UEVM drawdown since its inception was -45.44%, which is greater than MODL's maximum drawdown of -17.60%. Use the drawdown chart below to compare losses from any high point for UEVM and MODL.

Drawdown Indicators

	UEVM	MODL	Difference
Max Drawdown Largest peak-to-trough decline	-45.44%	-17.60%	-27.84%
Max Drawdown (1Y) Largest decline over 1 year	-9.79%	-9.46%	-0.33%
Max Drawdown (3Y) Largest decline over 3 years	-18.88%	-17.60%	-1.28%
Max Drawdown (5Y) Largest decline over 5 years	-26.55%	—	—
Current Drawdown Current decline from peak	-2.00%	0.00%	-2.00%
Average Drawdown Average peak-to-trough decline	-11.53%	-2.00%	-9.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	2.18%	+1.19%

Volatility

UEVM vs. MODL - Volatility Comparison

VictoryShares Emerging Markets Value Momentum ETF (UEVM) has a higher volatility of 4.13% compared to Victoryshares Westend U.S. Sector ETF (MODL) at 3.30%. This indicates that UEVM's price experiences larger fluctuations and is considered to be riskier than MODL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UEVM	MODL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	3.30%	+0.83%
Volatility (6M) Calculated over the trailing 6-month period	13.14%	9.39%	+3.75%
Volatility (1Y) Calculated over the trailing 1-year period	15.94%	11.86%	+4.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.04%	14.53%	+1.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.36%	14.53%	+3.83%

UEVM vs. MODL - Expense Ratio Comparison

UEVM has a 0.45% expense ratio, which is lower than MODL's 0.46% expense ratio.

Dividends

UEVM vs. MODL - Dividend Comparison

UEVM's dividend yield for the trailing twelve months is around 2.66%, more than MODL's 0.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MODL Victoryshares Westend U.S. Sector ETF	0.69%	0.67%	0.83%	1.02%	0.39%	0.00%	0.00%	0.00%	0.00%	0.00%
UEVM VictoryShares Emerging Markets Value Momentum ETF	2.66%	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 UEVM and MODL in my portfolio?

UEVM and MODL have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UEVM or MODL?

UEVM has higher volatility (4.13%) compared to MODL (3.30%). In terms of maximum drawdown, UEVM dropped -45.44% vs MODL's -17.60%.

Which ETF is better, UEVM or MODL?

On 3-year performance, MODL leads with 19.67% vs 16.40% for UEVM. On fees, UEVM is cheaper at 0.45% per year. On volatility, MODL has been the lower-risk option at 3.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UEVM or MODL?

Over the 3-year period, MODL has performed better with a 19.67% return vs 16.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UEVM or MODL?

UEVM is cheaper with a 0.45% expense ratio, compared with 0.46% for MODL.

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

UEVM has the higher dividend yield at 2.66%, compared with 0.69% for MODL.

What is the main difference between UEVM and MODL?

UEVM is categorized as Momentum, while MODL is Large Cap Blend Equities. Their fees differ too: 0.45% for UEVM and 0.46% for MODL.

Which has better risk-adjusted returns?

MODL currently has the higher Sharpe Ratio (1.74 vs 1.18), 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.