UEVM vs. UCRD
UEVM (VictoryShares Emerging Markets Value Momentum ETF) and UCRD (VictoryShares ESG Corporate Bond ETF) are both exchange-traded funds - UEVM is a Momentum fund tracking the Nasdaq Victory Emerging Market Value Momentum Index, while UCRD is a Corporate Bonds fund actively managed by Victory. UEVM is passively managed, while UCRD is actively managed. Over the past 3 years, UEVM returned 16.40%/yr vs 5.21%/yr for UCRD. Their 0.23 correlation means their historical movements had little consistent relationship. UEVM charges 0.45%/yr vs 0.40%/yr for UCRD.
Performance
UEVM vs. UCRD - Performance Comparison
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Returns By Period
In the year-to-date period, UEVM achieves a 9.19% return, which is significantly higher than UCRD's -0.42% return.
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%
UCRD
- 1D
- 0.37%
- 1M
- -1.34%
- 6M
- -0.69%
- YTD
- -0.42%
- 1Y
- 2.18%
- 3Y*
- 5.21%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.77K | $3.70K | $2.89K | |
| $142.75K | $200.41K | $201.25K |
UEVM vs. UCRD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UEVM VictoryShares Emerging Markets Value Momentum ETF | 9.19% | 22.74% | 11.92% | 17.41% | -14.60% | 2.82% |
UCRD VictoryShares ESG Corporate Bond ETF | -0.42% | 7.90% | 2.68% | 9.27% | -17.13% | 0.32% |
Correlation
The correlation between UEVM and UCRD is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2021 | 0.23 |
The correlation between UEVM and UCRD shifts across timeframes, from 0.23 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UEVM vs. UCRD — Risk / Return Rank
UEVM
UCRD
UEVM vs. UCRD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares Emerging Markets Value Momentum ETF (UEVM) and VictoryShares ESG Corporate Bond ETF (UCRD). 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 | UCRD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.09 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 0.76 | +1.16 |
| Martin ratioReturn relative to average drawdown | 5.56 | 2.02 | +3.54 |
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Drawdowns
UEVM vs. UCRD - Drawdown Comparison
The maximum UEVM drawdown since its inception was -45.44%, which is greater than UCRD's maximum drawdown of -22.37%. Use the drawdown chart below to compare losses from any high point for UEVM and UCRD.
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Drawdown Indicators
| UEVM | UCRD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.44% | -22.37% | -23.07% |
Max Drawdown (1Y)Largest decline over 1 year | -9.79% | -2.90% | -6.89% |
Max Drawdown (3Y)Largest decline over 3 years | -18.88% | -5.54% | -13.34% |
Max Drawdown (5Y)Largest decline over 5 years | -26.55% | — | — |
Current DrawdownCurrent decline from peak | -2.00% | -2.05% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -11.53% | -8.17% | -3.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 1.08% | +2.29% |
Volatility
UEVM vs. UCRD - Volatility Comparison
VictoryShares Emerging Markets Value Momentum ETF (UEVM) has a higher volatility of 4.13% compared to VictoryShares ESG Corporate Bond ETF (UCRD) at 1.10%. This indicates that UEVM's price experiences larger fluctuations and is considered to be riskier than UCRD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UEVM | UCRD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 1.10% | +3.03% |
Volatility (6M)Calculated over the trailing 6-month period | 13.14% | 3.42% | +9.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.94% | 4.22% | +11.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 7.46% | +8.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 7.46% | +10.90% |
UEVM vs. UCRD - Expense Ratio Comparison
UEVM has a 0.45% expense ratio, which is higher than UCRD's 0.40% expense ratio.
Dividends
UEVM vs. UCRD - Dividend Comparison
UEVM's dividend yield for the trailing twelve months is around 2.66%, less than UCRD's 4.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
UCRD VictoryShares ESG Corporate Bond ETF | 4.29% | 4.05% | 4.00% | 3.56% | 2.72% | 0.54% | 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
UEVM and UCRD have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UEVM has higher volatility (4.13%) compared to UCRD (1.10%). In terms of maximum drawdown, UEVM dropped -45.44% vs UCRD's -22.37%.
On 3-year performance, UEVM leads with 16.40% vs 5.21% for UCRD. On fees, UCRD is cheaper at 0.40% per year. On volatility, UCRD has been the lower-risk option at 1.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, UEVM has performed better with a 16.40% return vs 5.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UCRD is cheaper with a 0.40% expense ratio, compared with 0.45% for UEVM.
UCRD has the higher dividend yield at 4.29%, compared with 2.66% for UEVM.
UEVM is categorized as Momentum, while UCRD is Corporate Bonds. Their fees differ too: 0.45% for UEVM and 0.40% for UCRD.
UEVM currently has the higher Sharpe Ratio (1.18 vs 0.52), 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.
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