UIVM vs. USVM

Last updated Jun 3, 2026

UIVM (VictoryShares International Value Momentum ETF) and USVM (VictoryShares US Small Mid Cap Value Momentum ETF) are both Momentum funds from Victory Capital - UIVM tracks the Nasdaq Victory International Value Momentum Index while USVM tracks the Nasdaq Victory US Small Mid Cap Value Momentum Index. Both are passively managed. Over the past 5 years, UIVM returned 12.24%/yr vs 9.92%/yr for USVM. A 0.71 correlation means they provide meaningful diversification when combined. UIVM charges 0.35%/yr vs 0.29%/yr for USVM.

Performance

UIVM vs. USVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares International Value Momentum ETF (UIVM) and VictoryShares US Small Mid Cap Value Momentum ETF (USVM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with UIVM having a 15.98% return and USVM slightly lower at 15.72%.

UIVM

• 1D: 0.60%
• 1M: 4.11%
• YTD: 15.98%
• 6M: 19.97%
• 1Y: 35.01%
• 3Y*: 25.13%
• 5Y*: 12.24%
• 10Y*: —

USVM

• 1D: 1.03%
• 1M: 2.09%
• YTD: 15.72%
• 6M: 16.31%
• 1Y: 32.37%
• 3Y*: 19.95%
• 5Y*: 9.92%
• 10Y*: —

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

UIVM vs. USVM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UIVM VictoryShares International Value Momentum ETF	15.98%	45.47%	5.23%	16.79%	-13.31%	11.85%	0.76%	15.29%	-17.41%	2.56%
USVM VictoryShares US Small Mid Cap Value Momentum ETF	15.72%	10.56%	16.59%	18.90%	-13.23%	24.44%	11.56%	21.65%	-9.39%	2.21%

Correlation

The correlation between UIVM and USVM is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017	0.71

The correlation between UIVM and USVM has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.

UIVM vs. USVM - Sectors Allocation Comparison

Sectors	UIVM	USVM
Financial Services	30.3%	22.0%
Industrials	21.4%	12.1%
Consumer Cyclical	8.3%	11.1%
Consumer Defensive	6.1%	5.0%
Healthcare	5.7%	11.0%
Technology	5.7%	11.6%
Basic Materials	5.6%	1.8%
Utilities	4.9%	6.4%
Real Estate	4.7%	11.9%
Energy	4.3%	4.4%
Communication Services	3.1%	2.8%

Return for Risk

UIVM vs. USVM — Risk / Return Rank

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

UIVM

UIVM Risk / Return Rank: 70
UIVM Sharpe Ratio Rank: 73
UIVM Sortino Ratio Rank: 72
UIVM Omega Ratio Rank: 73
UIVM Calmar Ratio Rank: 65
UIVM Martin Ratio Rank: 65

USVM

USVM Risk / Return Rank: 69
USVM Sharpe Ratio Rank: 65
USVM Sortino Ratio Rank: 68
USVM Omega Ratio Rank: 62
USVM Calmar Ratio Rank: 75
USVM Martin Ratio Rank: 75

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. USVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares International Value Momentum ETF (UIVM) 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.

	UIVM	USVM	Difference
Sharpe ratio Return per unit of total volatility	2.42	2.18	+0.24
Sortino ratio Return per unit of downside risk	3.32	3.14	+0.18
Omega ratio Gain probability vs. loss probability	1.44	1.38	+0.06
Calmar ratio Return relative to maximum drawdown	3.30	3.86	-0.56
Martin ratio Return relative to average drawdown	12.12	14.54	-2.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UIVM vs. USVM - Sharpe Ratio Comparison

The current UIVM Sharpe Ratio is 2.42, which is comparable to the USVM Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of UIVM and USVM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UIVM	USVM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	2.18	+0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.51	+0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.49	-0.01

Drawdowns

UIVM vs. USVM - Drawdown Comparison

The maximum UIVM drawdown since its inception was -42.73%, roughly equal to the maximum USVM drawdown of -42.38%. Use the drawdown chart below to compare losses from any high point for UIVM and USVM.

Drawdown Indicators

	UIVM	USVM	Difference
Max Drawdown Largest peak-to-trough decline	-42.73%	-42.38%	-0.35%
Max Drawdown (1Y) Largest decline over 1 year	-11.02%	-8.36%	-2.66%
Max Drawdown (3Y) Largest decline over 3 years	-11.69%	-24.34%	+12.65%
Max Drawdown (5Y) Largest decline over 5 years	-28.27%	-25.27%	-3.00%
Current Drawdown Current decline from peak	0.00%	-0.17%	+0.17%
Average Drawdown Average peak-to-trough decline	-9.71%	-7.90%	-1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	2.22%	+0.78%

Volatility

UIVM vs. USVM - Volatility Comparison

VictoryShares International Value Momentum ETF (UIVM) has a higher volatility of 5.30% compared to VictoryShares US Small Mid Cap Value Momentum ETF (USVM) at 4.58%. This indicates that UIVM's price experiences larger fluctuations and is considered to be riskier than USVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UIVM	USVM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.30%	4.58%	+0.72%
Volatility (6M) Calculated over the trailing 6-month period	12.42%	10.77%	+1.65%
Volatility (1Y) Calculated over the trailing 1-year period	14.55%	14.93%	-0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.45%	19.65%	-4.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.21%	22.01%	-4.80%

UIVM vs. USVM - Expense Ratio Comparison

UIVM has a 0.35% expense ratio, which is higher than USVM's 0.29% expense ratio.

Dividends

UIVM vs. USVM - Dividend Comparison

UIVM's dividend yield for the trailing twelve months is around 3.19%, more than USVM's 1.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
UIVM VictoryShares International Value Momentum ETF	3.19%	3.70%	5.09%	4.35%	3.03%	3.48%	1.63%	3.49%	2.78%	0.15%
USVM VictoryShares US Small Mid Cap Value Momentum ETF	1.75%	1.84%	1.75%	1.63%	1.43%	0.70%	1.21%	1.77%	1.43%	0.65%

Frequently Asked Questions

Can I hold both UIVM and USVM in my portfolio?

UIVM and USVM have a correlation of 0.63, 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 USVM?

UIVM has higher volatility (5.30%) compared to USVM (4.58%). In terms of maximum drawdown, UIVM dropped -42.73% vs USVM's -42.38%.

Which ETF is better, UIVM or USVM?

On 5-year performance, UIVM leads with 12.24% vs 9.92% for USVM. On fees, USVM is cheaper at 0.29% per year. On volatility, USVM has been the lower-risk option at 4.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UIVM or USVM?

Over the 5-year period, UIVM has performed better with a 12.24% return vs 9.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UIVM or USVM?

USVM is cheaper with a 0.29% expense ratio, compared with 0.35% for UIVM.

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

UIVM has the higher dividend yield at 3.19%, compared with 1.75% for USVM.

What is the main difference between UIVM and USVM?

UIVM tracks Nasdaq Victory International Value Momentum Index, while USVM tracks Nasdaq Victory US Small Mid Cap Value Momentum Index. Their fees differ too: 0.35% for UIVM and 0.29% for USVM.

Which has better risk-adjusted returns?

UIVM currently has the higher Sharpe Ratio (2.42 vs 2.18), 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.