UITB vs. USVM
UITB (VictoryShares Core Intermediate Bond ETF) and USVM (VictoryShares US Small Mid Cap Value Momentum ETF) are both exchange-traded funds - UITB is a Intermediate Core Bond fund actively managed by Victory Capital, while USVM is a Momentum fund tracking the Nasdaq Victory US Small Mid Cap Value Momentum Index. UITB is actively managed, while USVM is passively managed. Over the past 5 years, UITB returned 0.56%/yr vs 9.74%/yr for USVM. At a 0.08 correlation, their price movements are largely independent. UITB charges 0.38%/yr vs 0.29%/yr for USVM.
Performance
UITB vs. USVM - Performance Comparison
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Returns By Period
In the year-to-date period, UITB achieves a 0.17% return, which is significantly lower than USVM's 15.26% return.
UITB
- 1D
- -0.19%
- 1M
- 0.24%
- YTD
- 0.17%
- 6M
- 0.03%
- 1Y
- 5.06%
- 3Y*
- 4.33%
- 5Y*
- 0.56%
- 10Y*
- —
USVM
- 1D
- -0.40%
- 1M
- 2.60%
- YTD
- 15.26%
- 6M
- 15.00%
- 1Y
- 30.42%
- 3Y*
- 19.79%
- 5Y*
- 9.74%
- 10Y*
- —
UITB vs. USVM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UITB VictoryShares Core Intermediate Bond ETF | 0.17% | 7.32% | 1.81% | 6.49% | -12.23% | -0.88% | 7.99% | 11.40% | -1.31% | 0.99% |
USVM VictoryShares US Small Mid Cap Value Momentum ETF | 15.26% | 10.56% | 16.59% | 18.90% | -13.23% | 24.44% | 11.56% | 21.65% | -9.39% | 2.21% |
Correlation
The correlation between UITB and USVM is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.08 |
Over the past year, UITB and USVM have become more correlated (0.30) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
UITB vs. USVM — Risk / Return Rank
UITB
USVM
UITB vs. USVM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares Core Intermediate Bond ETF (UITB) 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.
| UITB | USVM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.36 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 3.66 | -1.84 |
| Martin ratioReturn relative to average drawdown | 5.57 | 13.76 | -8.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UITB | USVM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 2.05 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.50 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.49 | -0.02 |
Drawdowns
UITB vs. USVM - Drawdown Comparison
The maximum UITB drawdown since its inception was -17.02%, smaller than the maximum USVM drawdown of -42.38%. Use the drawdown chart below to compare losses from any high point for UITB and USVM.
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Drawdown Indicators
| UITB | USVM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.02% | -42.38% | +25.36% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | -8.36% | +5.56% |
Max Drawdown (3Y)Largest decline over 3 years | -5.44% | -24.34% | +18.90% |
Max Drawdown (5Y)Largest decline over 5 years | -17.02% | -25.27% | +8.25% |
Current DrawdownCurrent decline from peak | -1.61% | -0.57% | -1.04% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -7.90% | +3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 2.22% | -1.31% |
Volatility
UITB vs. USVM - Volatility Comparison
The current volatility for VictoryShares Core Intermediate Bond ETF (UITB) is 1.24%, while VictoryShares US Small Mid Cap Value Momentum ETF (USVM) has a volatility of 4.50%. This indicates that UITB experiences smaller price fluctuations and is considered to be less risky than USVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UITB | USVM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 4.50% | -3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 10.73% | -8.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 14.93% | -11.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.64% | 19.65% | -14.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 22.01% | -17.03% |
UITB vs. USVM - Expense Ratio Comparison
UITB has a 0.38% expense ratio, which is higher than USVM's 0.29% expense ratio.
Dividends
UITB vs. USVM - Dividend Comparison
UITB's dividend yield for the trailing twelve months is around 4.17%, more than USVM's 1.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
UITB VictoryShares Core Intermediate Bond ETF | 4.17% | 4.04% | 3.89% | 3.14% | 2.32% | 1.95% | 2.79% | 3.01% | 2.99% | 0.50% |
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
UITB and USVM have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USVM has higher volatility (4.50%) compared to UITB (1.24%). In terms of maximum drawdown, UITB dropped -17.02% vs USVM's -42.38%.
On 5-year performance, USVM leads with 9.74% vs 0.56% for UITB. On fees, USVM is cheaper at 0.29% per year. On volatility, UITB has been the lower-risk option at 1.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USVM has performed better with a 9.74% return vs 0.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USVM is cheaper with a 0.29% expense ratio, compared with 0.38% for UITB.
UITB has the higher dividend yield at 4.17%, compared with 1.76% for USVM.
UITB is categorized as Intermediate Core Bond, while USVM is Momentum. Their fees differ too: 0.38% for UITB and 0.29% for USVM.
USVM currently has the higher Sharpe Ratio (2.05 vs 1.39), 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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