UIVM vs. SGDM

Last updated Jun 13, 2026

UIVM (VictoryShares International Value Momentum ETF) and SGDM (Sprott Gold Miners ETF) are both exchange-traded funds - UIVM is a Momentum fund tracking the Nasdaq Victory International Value Momentum Index, while SGDM is a Materials fund tracking the Solactive Gold Miners Custom Factors Index. Both are passively managed. Over the past 5 years, UIVM returned 11.89%/yr vs 17.23%/yr for SGDM. At a 0.34 correlation, their price movements are largely independent. UIVM charges 0.35%/yr vs 0.50%/yr for SGDM.

Performance

UIVM vs. SGDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares International Value Momentum ETF (UIVM) and Sprott Gold Miners ETF (SGDM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UIVM achieves a 15.12% return, which is significantly higher than SGDM's -4.58% return.

UIVM

• 1D: 0.32%
• 1M: 0.05%
• YTD: 15.12%
• 6M: 17.12%
• 1Y: 33.17%
• 3Y*: 24.11%
• 5Y*: 11.89%
• 10Y*: —

SGDM

• 1D: 3.49%
• 1M: -14.98%
• YTD: -4.58%
• 6M: -4.02%
• 1Y: 43.72%
• 3Y*: 37.20%
• 5Y*: 17.23%
• 10Y*: 11.84%

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

UIVM vs. SGDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UIVM VictoryShares International Value Momentum ETF	15.12%	45.47%	5.23%	16.79%	-13.31%	11.85%	0.76%	15.29%	-17.41%	2.36%
SGDM Sprott Gold Miners ETF	-4.58%	153.46%	12.14%	2.34%	-8.23%	-9.15%	21.85%	44.27%	-15.14%	1.98%

Correlation

The correlation between UIVM and SGDM is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017	0.34

The correlation between UIVM and SGDM shifts across timeframes, from 0.34 (all time) to 0.52 (1 year), reflecting how their relationship changes across market environments.

UIVM vs. SGDM - Sectors Allocation Comparison

Sectors	UIVM	SGDM
Financial Services	30.1%	-
Industrials	21.8%	-
Consumer Cyclical	8.2%	-
Consumer Defensive	6.2%	-
Healthcare	5.8%	-
Basic Materials	5.6%	99.8%
Utilities	5.2%	-
Real Estate	4.8%	-
Technology	4.6%	-
Energy	4.6%	-
Communication Services	3.2%	-

Return for Risk

UIVM vs. SGDM — Risk / Return Rank

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

UIVM

UIVM Risk / Return Rank: 73
UIVM Sharpe Ratio Rank: 76
UIVM Sortino Ratio Rank: 76
UIVM Omega Ratio Rank: 77
UIVM Calmar Ratio Rank: 67
UIVM Martin Ratio Rank: 66

SGDM

SGDM Risk / Return Rank: 31
SGDM Sharpe Ratio Rank: 32
SGDM Sortino Ratio Rank: 29
SGDM Omega Ratio Rank: 33
SGDM Calmar Ratio Rank: 30
SGDM Martin Ratio Rank: 29

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. SGDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares International Value Momentum ETF (UIVM) and Sprott Gold Miners ETF (SGDM). 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	SGDM	Difference
Sharpe ratio: Return per unit of total volatility	2.13	1.01	+1.12
Sortino ratio: Return per unit of downside risk	2.96	1.42	+1.53
Omega ratio: Gain probability vs. loss probability	1.39	1.20	+0.19
Calmar ratio: Return relative to maximum drawdown	2.95	1.30	+1.65
Martin ratio: Return relative to average drawdown	10.70	3.60	+7.11

UIVM vs. SGDM - Sharpe Ratio Comparison

The current UIVM Sharpe Ratio is 2.13, which is higher than the SGDM Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of UIVM and SGDM, 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. SGDM - Drawdown Comparison

The maximum UIVM drawdown since its inception was -42.73%, smaller than the maximum SGDM drawdown of -54.95%. Use the drawdown chart below to compare losses from any high point for UIVM and SGDM.

Drawdown Indicators

	UIVM	SGDM	Difference
Max Drawdown Largest peak-to-trough decline	-42.73%	-54.95%	+12.22%
Max Drawdown (1Y) Largest decline over 1 year	-11.02%	-35.96%	+24.94%
Max Drawdown (3Y) Largest decline over 3 years	-11.69%	-35.96%	+24.27%
Max Drawdown (5Y) Largest decline over 5 years	-28.27%	-45.06%	+16.79%
Max Drawdown (10Y) Largest decline over 10 years	—	-49.69%	—
Current Drawdown Current decline from peak	-0.74%	-30.31%	+29.57%
Average Drawdown Average peak-to-trough decline	-9.68%	-25.46%	+15.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	12.93%	-9.90%

Volatility

UIVM vs. SGDM - Volatility Comparison

The current volatility for VictoryShares International Value Momentum ETF (UIVM) is 6.01%, while Sprott Gold Miners ETF (SGDM) has a volatility of 16.53%. This indicates that UIVM experiences smaller price fluctuations and is considered to be less risky than SGDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UIVM	SGDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.01%	16.53%	-10.52%
Volatility (6M) Calculated over the trailing 6-month period	13.25%	38.64%	-25.39%
Volatility (1Y) Calculated over the trailing 1-year period	15.25%	46.24%	-30.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.57%	36.11%	-20.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.25%	36.97%	-19.72%

UIVM vs. SGDM - Expense Ratio Comparison

UIVM has a 0.35% expense ratio, which is lower than SGDM's 0.50% expense ratio.

Dividends

UIVM vs. SGDM - Dividend Comparison

UIVM's dividend yield for the trailing twelve months is around 3.02%, more than SGDM's 1.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SGDM Sprott Gold Miners ETF	1.09%	1.04%	1.04%	1.39%	1.42%	1.33%	0.30%	0.25%	0.50%	0.58%	0.02%	1.47%
UIVM VictoryShares International Value Momentum ETF	3.02%	3.70%	5.09%	4.35%	3.03%	3.48%	1.63%	3.49%	2.78%	0.15%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UIVM and SGDM in my portfolio?

UIVM and SGDM have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UIVM or SGDM?

SGDM has higher volatility (16.53%) compared to UIVM (6.01%). In terms of maximum drawdown, UIVM dropped -42.73% vs SGDM's -54.95%.

Which ETF is better, UIVM or SGDM?

On 5-year performance, SGDM leads with 17.23% vs 11.89% for UIVM. On fees, UIVM is cheaper at 0.35% per year. On volatility, UIVM has been the lower-risk option at 6.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UIVM or SGDM?

Over the 5-year period, SGDM has performed better with a 17.23% return vs 11.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UIVM or SGDM?

UIVM is cheaper with a 0.35% expense ratio, compared with 0.50% for SGDM.

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

UIVM has the higher dividend yield at 3.02%, compared with 1.09% for SGDM.

What is the main difference between UIVM and SGDM?

UIVM is categorized as Momentum, while SGDM is Materials. UIVM tracks Nasdaq Victory International Value Momentum Index, while SGDM tracks Solactive Gold Miners Custom Factors Index. They also come from different issuers: Victory Capital and Sprott. Their fees differ too: 0.35% for UIVM and 0.50% for SGDM.

Which has better risk-adjusted returns?

UIVM currently has the higher Sharpe Ratio (2.13 vs 1.01), 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.