UEVM vs. USTB
UEVM (VictoryShares Emerging Markets Value Momentum ETF) and USTB (VictoryShares Short-Term Bond ETF) are both exchange-traded funds - UEVM is a Momentum fund tracking the Nasdaq Victory Emerging Market Value Momentum Index, while USTB is a Short-Term Bond fund tracking the Bloomberg 1–3 Year Credit Index. Both are passively managed. Over the past 5 years, UEVM returned 8.36%/yr vs 3.53%/yr for USTB. Their 0.16 correlation means their historical movements had little consistent relationship. UEVM charges 0.45%/yr vs 0.34%/yr for USTB.
Performance
UEVM vs. USTB - 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 USTB's 1.68% 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%
USTB
- 1D
- 0.08%
- 1M
- 0.18%
- 6M
- 1.34%
- YTD
- 1.68%
- 1Y
- 3.88%
- 3Y*
- 5.84%
- 5Y*
- 3.53%
- 10Y*
- —
- ALL TIME*
- 3.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $142.75K | $200.41K | $201.25K | |
| $26.95M | $18.80M | $13.83M |
UEVM vs. USTB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UEVM VictoryShares Emerging Markets Value Momentum ETF | 9.19% | 22.74% | 11.92% | 17.41% | -14.60% | 11.09% | 3.77% | 10.71% | -16.96% | 3.04% |
USTB VictoryShares Short-Term Bond ETF | 1.68% | 6.08% | 6.49% | 6.69% | -2.82% | 0.90% | 5.12% | 5.10% | 1.08% | 0.35% |
Correlation
The correlation between UEVM and USTB is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.23 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.16 |
The correlation between UEVM and USTB shifts across timeframes, from 0.16 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UEVM vs. USTB — Risk / Return Rank
UEVM
USTB
UEVM vs. USTB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares Emerging Markets Value Momentum ETF (UEVM) and VictoryShares Short-Term Bond ETF (USTB). 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 | USTB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.17 | ||
| Sortino ratioReturn per unit of downside risk | -3.60 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.70 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 4.62 | -2.70 |
| Martin ratioReturn relative to average drawdown | 5.56 | 20.84 | -15.28 |
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Drawdowns
UEVM vs. USTB - Drawdown Comparison
The maximum UEVM drawdown since its inception was -45.44%, which is greater than USTB's maximum drawdown of -5.32%. Use the drawdown chart below to compare losses from any high point for UEVM and USTB.
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Drawdown Indicators
| UEVM | USTB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.44% | -5.32% | -40.12% |
Max Drawdown (1Y)Largest decline over 1 year | -9.79% | -0.84% | -8.95% |
Max Drawdown (3Y)Largest decline over 3 years | -18.88% | -1.02% | -17.86% |
Max Drawdown (5Y)Largest decline over 5 years | -26.55% | -4.96% | -21.59% |
Current DrawdownCurrent decline from peak | -2.00% | 0.00% | -2.00% |
Average DrawdownAverage peak-to-trough decline | -11.53% | -0.64% | -10.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 0.19% | +3.18% |
Volatility
UEVM vs. USTB - Volatility Comparison
VictoryShares Emerging Markets Value Momentum ETF (UEVM) has a higher volatility of 4.13% compared to VictoryShares Short-Term Bond ETF (USTB) at 0.27%. This indicates that UEVM's price experiences larger fluctuations and is considered to be riskier than USTB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UEVM | USTB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 0.27% | +3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 13.14% | 0.91% | +12.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.94% | 1.17% | +14.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 2.02% | +14.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 1.99% | +16.37% |
UEVM vs. USTB - Expense Ratio Comparison
UEVM has a 0.45% expense ratio, which is higher than USTB's 0.34% expense ratio.
Dividends
UEVM vs. USTB - Dividend Comparison
UEVM's dividend yield for the trailing twelve months is around 2.66%, less than USTB's 4.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
USTB VictoryShares Short-Term Bond ETF | 4.55% | 4.62% | 5.05% | 4.49% | 2.54% | 1.84% | 2.59% | 2.69% | 2.32% | 0.43% |
Frequently Asked Questions
UEVM and USTB have a correlation of 0.29, 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 USTB (0.27%). In terms of maximum drawdown, UEVM dropped -45.44% vs USTB's -5.32%.
On 5-year performance, UEVM leads with 8.36% vs 3.53% for USTB. On fees, USTB is cheaper at 0.34% per year. On volatility, USTB has been the lower-risk option at 0.27%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UEVM has performed better with a 8.36% return vs 3.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USTB is cheaper with a 0.34% expense ratio, compared with 0.45% for UEVM.
USTB has the higher dividend yield at 4.55%, compared with 2.66% for UEVM.
UEVM is categorized as Momentum, while USTB is Short-Term Bond. UEVM tracks Nasdaq Victory Emerging Market Value Momentum Index, while USTB tracks Bloomberg 1–3 Year Credit Index. Their fees differ too: 0.45% for UEVM and 0.34% for USTB.
USTB currently has the higher Sharpe Ratio (3.35 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.
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