UIVM vs. JIRE

Last updated Jun 23, 2026

UIVM (VictoryShares International Value Momentum ETF) and JIRE (JPMorgan International Research Enhanced Equity ETF) are both exchange-traded funds - UIVM is a Momentum fund tracking the Nasdaq Victory International Value Momentum Index, while JIRE is a Foreign Large Cap Equities fund actively managed by JPMorgan. UIVM is passively managed, while JIRE is actively managed. Over the past 3 years, UIVM returned 25.08%/yr vs 17.27%/yr for JIRE. Their correlation of 0.92 suggests significant overlap in exposure. UIVM charges 0.35%/yr vs 0.24%/yr for JIRE.

Performance

UIVM vs. JIRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares International Value Momentum ETF (UIVM) and JPMorgan International Research Enhanced Equity ETF (JIRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UIVM achieves a 15.57% return, which is significantly higher than JIRE's 10.55% return.

UIVM

• 1D: 0.01%
• 1M: 1.87%
• YTD: 15.57%
• 6M: 16.04%
• 1Y: 34.84%
• 3Y*: 25.08%
• 5Y*: 12.55%
• 10Y*: —

JIRE

• 1D: 0.10%
• 1M: 2.55%
• YTD: 10.55%
• 6M: 10.91%
• 1Y: 24.80%
• 3Y*: 17.27%
• 5Y*: —
• 10Y*: —

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

UIVM vs. JIRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
UIVM VictoryShares International Value Momentum ETF	15.57%	45.47%	5.23%	16.79%	-0.56%
JIRE JPMorgan International Research Enhanced Equity ETF	10.55%	31.83%	3.15%	20.00%	5.09%

Correlation

The correlation between UIVM and JIRE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jun 13, 2022	0.92

The correlation between UIVM and JIRE has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

UIVM vs. JIRE - Sectors Allocation Comparison

Sectors	UIVM	JIRE
Financial Services	30.0%	23.4%
Industrials	21.2%	15.1%
Consumer Cyclical	8.6%	6.3%
Technology	6.6%	13.2%
Consumer Defensive	5.9%	6.2%
Basic Materials	5.7%	5.1%
Healthcare	5.5%	8.8%
Utilities	4.9%	2.3%
Real Estate	4.5%	0.9%
Energy	4.2%	2.5%
Communication Services	3.0%	2.8%

Return for Risk

UIVM vs. JIRE — Risk / Return Rank

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

UIVM

UIVM Risk / Return Rank: 71
UIVM Sharpe Ratio Rank: 75
UIVM Sortino Ratio Rank: 74
UIVM Omega Ratio Rank: 75
UIVM Calmar Ratio Rank: 66
UIVM Martin Ratio Rank: 65

JIRE

JIRE Risk / Return Rank: 45
JIRE Sharpe Ratio Rank: 46
JIRE Sortino Ratio Rank: 46
JIRE Omega Ratio Rank: 45
JIRE Calmar Ratio Rank: 44
JIRE Martin Ratio Rank: 47

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.

UIVM vs. JIRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares International Value Momentum ETF (UIVM) and JPMorgan International Research Enhanced Equity ETF (JIRE). 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.

	UIVM	JIRE	Difference
Sharpe ratio: Return per unit of total volatility	2.30	1.56	+0.74
Sortino ratio: Return per unit of downside risk	3.17	2.23	+0.94
Omega ratio: Gain probability vs. loss probability	1.43	1.28	+0.15
Calmar ratio: Return relative to maximum drawdown	3.18	2.12	+1.06
Martin ratio: Return relative to average drawdown	11.53	7.64	+3.90

UIVM vs. JIRE - Sharpe Ratio Comparison

The current UIVM Sharpe Ratio is 2.30, which is higher than the JIRE Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of UIVM and JIRE, 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

UIVM vs. JIRE - Drawdown Comparison

The maximum UIVM drawdown since its inception was -42.73%, which is greater than JIRE's maximum drawdown of -16.11%. Use the drawdown chart below to compare losses from any high point for UIVM and JIRE.

Drawdown Indicators

	UIVM	JIRE	Difference
Max Drawdown Largest peak-to-trough decline	-42.73%	-16.11%	-26.62%
Max Drawdown (1Y) Largest decline over 1 year	-11.02%	-11.77%	+0.75%
Max Drawdown (3Y) Largest decline over 3 years	-11.69%	-13.61%	+1.92%
Max Drawdown (5Y) Largest decline over 5 years	-28.27%	—	—
Current Drawdown Current decline from peak	-1.02%	0.00%	-1.02%
Average Drawdown Average peak-to-trough decline	-9.66%	-3.02%	-6.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	3.26%	-0.23%

Volatility

UIVM vs. JIRE - Volatility Comparison

VictoryShares International Value Momentum ETF (UIVM) has a higher volatility of 5.62% compared to JPMorgan International Research Enhanced Equity ETF (JIRE) at 4.80%. This indicates that UIVM's price experiences larger fluctuations and is considered to be riskier than JIRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UIVM	JIRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.62%	4.80%	+0.82%
Volatility (6M) Calculated over the trailing 6-month period	13.31%	13.41%	-0.10%
Volatility (1Y) Calculated over the trailing 1-year period	15.25%	16.00%	-0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.55%	16.33%	-0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.24%	16.33%	+0.91%

UIVM vs. JIRE - Expense Ratio Comparison

UIVM has a 0.35% expense ratio, which is higher than JIRE's 0.24% expense ratio.

Dividends

UIVM vs. JIRE - Dividend Comparison

UIVM's dividend yield for the trailing twelve months is around 3.01%, more than JIRE's 2.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
JIRE JPMorgan International Research Enhanced Equity ETF	2.71%	2.99%	3.03%	2.74%	2.62%	0.00%	0.00%	0.00%	0.00%	0.00%
UIVM VictoryShares International Value Momentum ETF	3.01%	3.70%	5.09%	4.35%	3.03%	3.48%	1.63%	3.49%	2.78%	0.15%

Frequently Asked Questions

Can I hold both UIVM and JIRE in my portfolio?

With a correlation of 0.90, UIVM and JIRE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, UIVM or JIRE?

UIVM has higher volatility (5.62%) compared to JIRE (4.80%). In terms of maximum drawdown, UIVM dropped -42.73% vs JIRE's -16.11%.

Which ETF is better, UIVM or JIRE?

On 3-year performance, UIVM leads with 25.08% vs 17.27% for JIRE. On fees, JIRE is cheaper at 0.24% per year. On volatility, JIRE has been the lower-risk option at 4.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UIVM or JIRE?

Over the 3-year period, UIVM has performed better with a 25.08% return vs 17.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UIVM or JIRE?

JIRE is cheaper with a 0.24% expense ratio, compared with 0.35% for UIVM.

Which ETF pays a higher dividend yield, UIVM or JIRE?

UIVM has the higher dividend yield at 3.01%, compared with 2.71% for JIRE.

What is the main difference between UIVM and JIRE?

UIVM is categorized as Momentum, while JIRE is Foreign Large Cap Equities. They also come from different issuers: Victory Capital and JPMorgan. Their fees differ too: 0.35% for UIVM and 0.24% for JIRE.

Which has better risk-adjusted returns?

UIVM currently has the higher Sharpe Ratio (2.30 vs 1.56), 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.