UIVM vs. XMVM

Last updated Aug 2, 2026

UIVM (VictoryShares International Value Momentum ETF) and XMVM (Invesco S&P MidCap Value with Momentum ETF) are both Momentum funds - UIVM tracks the Nasdaq Victory International Value Momentum Index while XMVM tracks the S&P MidCap 400 High Momentum Value Index. Both are passively managed. Over the past 5 years, UIVM returned 13.33%/yr vs 12.42%/yr for XMVM. Their 0.65 correlation means they have sometimes moved together and sometimes differently. UIVM charges 0.35%/yr vs 0.39%/yr for XMVM.

Performance

UIVM vs. XMVM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares International Value Momentum ETF (UIVM) and Invesco S&P MidCap Value with Momentum ETF (XMVM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UIVM achieves a 19.77% return, which is significantly higher than XMVM's 17.44% return.

UIVM

• 1D: -0.46%
• 1M: 5.17%
• 6M: 12.63%
• YTD: 19.77%
• 1Y: 34.82%
• 3Y*: 24.74%
• 5Y*: 13.33%
• 10Y*: —
• ALL TIME*: 8.47%

XMVM

• 1D: -0.53%
• 1M: 5.11%
• 6M: 13.72%
• YTD: 17.44%
• 1Y: 38.27%
• 3Y*: 17.47%
• 5Y*: 12.42%
• 10Y*: 12.44%
• ALL TIME*: 9.70%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
UIVM VictoryShares International Value Momentum ETF	$137.91K	$192.35K	$135.04K
XMVM Invesco S&P MidCap Value with Momentum ETF	$2.16M	$2.04M	$1.98M

UIVM vs. XMVM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UIVM VictoryShares International Value Momentum ETF	19.77%	45.47%	5.23%	16.79%	-13.31%	11.85%	0.76%	15.29%	-17.41%	2.36%
XMVM Invesco S&P MidCap Value with Momentum ETF	17.44%	18.46%	11.73%	16.31%	-8.21%	35.15%	5.68%	30.38%	-9.62%	3.63%

Correlation

The correlation between UIVM and XMVM is 0.46, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.46
Correlation (3Y) Balances recent behavior with more history.	0.55
Correlation (5Y) Shows whether the relationship held over a longer period.	0.64
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017	0.65

The correlation between UIVM and XMVM shifts across timeframes, from 0.46 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.

UIVM vs. XMVM - Sectors Allocation Comparison

Sectors	UIVM	XMVM
Financial Services	28.9%	37.9%
Industrials	22.1%	11.7%
Consumer Cyclical	7.8%	14.8%
Consumer Defensive	6.9%	1.2%
Healthcare	6.7%	2.5%
Energy	5.6%	13.5%
Basic Materials	5.4%	0.8%
Utilities	4.5%	8.5%
Real Estate	4.4%	4.9%
Communication Services	3.9%	0.9%
Technology	3.2%	5.1%

Return for Risk

UIVM vs. XMVM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

UIVM

UIVM Risk / Return Rank: 88
UIVM Sharpe Ratio Rank: 90
UIVM Sortino Ratio Rank: 90
UIVM Omega Ratio Rank: 90
UIVM Calmar Ratio Rank: 84
UIVM Martin Ratio Rank: 84

XMVM

XMVM Risk / Return Rank: 91
XMVM Sharpe Ratio Rank: 92
XMVM Sortino Ratio Rank: 93
XMVM Omega Ratio Rank: 91
XMVM Calmar Ratio Rank: 90
XMVM Martin Ratio Rank: 87

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

UIVM vs. XMVM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares International Value Momentum ETF (UIVM) and Invesco S&P MidCap Value with Momentum ETF (XMVM). 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	XMVM	Difference
Sharpe ratio: Return per unit of total volatility	2.27	2.42	-0.15
Sortino ratio: Return per unit of downside risk	3.18	3.49	-0.31
Omega ratio: Gain probability vs. loss probability	1.42	1.43	-0.01
Calmar ratio: Return relative to maximum drawdown	3.20	3.91	-0.71
Martin ratio: Return relative to average drawdown	11.47	12.52	-1.06

UIVM vs. XMVM - Sharpe Ratio Comparison

The current UIVM Sharpe Ratio is 2.27, which is comparable to the XMVM Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of UIVM and XMVM, 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. XMVM - Drawdown Comparison

The maximum UIVM drawdown since its inception was -42.73%, smaller than the maximum XMVM drawdown of -62.83%. Use the drawdown chart below to compare losses from any high point for UIVM and XMVM.

Drawdown Indicators

	UIVM	XMVM	Difference
Max Drawdown Largest peak-to-trough decline	-42.73%	-62.83%	+20.10%
Max Drawdown (1Y) Largest decline over 1 year	-11.02%	-9.18%	-1.84%
Max Drawdown (3Y) Largest decline over 3 years	-11.69%	-24.12%	+12.43%
Max Drawdown (5Y) Largest decline over 5 years	-28.27%	-24.12%	-4.15%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.07%	—
Current Drawdown Current decline from peak	-0.46%	-0.71%	+0.25%
Average Drawdown Average peak-to-trough decline	-9.55%	-10.20%	+0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	2.86%	+0.21%

Volatility

UIVM vs. XMVM - Volatility Comparison

VictoryShares International Value Momentum ETF (UIVM) has a higher volatility of 4.20% compared to Invesco S&P MidCap Value with Momentum ETF (XMVM) at 3.29%. This indicates that UIVM's price experiences larger fluctuations and is considered to be riskier than XMVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UIVM	XMVM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.20%	3.29%	+0.91%
Volatility (6M) Calculated over the trailing 6-month period	13.91%	9.25%	+4.66%
Volatility (1Y) Calculated over the trailing 1-year period	15.56%	14.85%	+0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.58%	21.24%	-5.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.22%	22.74%	-5.52%

UIVM vs. XMVM - Expense Ratio Comparison

UIVM has a 0.35% expense ratio, which is lower than XMVM's 0.39% expense ratio.

Dividends

UIVM vs. XMVM - Dividend Comparison

UIVM's dividend yield for the trailing twelve months is around 3.06%, more than XMVM's 1.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UIVM VictoryShares International Value Momentum ETF	3.06%	3.70%	5.09%	4.35%	3.03%	3.48%	1.63%	3.49%	2.78%	0.15%	0.00%	0.00%
XMVM Invesco S&P MidCap Value with Momentum ETF	1.79%	2.07%	1.43%	1.57%	1.76%	1.10%	1.37%	1.73%	2.87%	2.22%	2.27%	2.58%

Frequently Asked Questions

Can I hold both UIVM and XMVM in my portfolio?

UIVM and XMVM have a correlation of 0.46, 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 XMVM?

UIVM has higher volatility (4.20%) compared to XMVM (3.29%). In terms of maximum drawdown, UIVM dropped -42.73% vs XMVM's -62.83%.

Which ETF is better, UIVM or XMVM?

On 5-year performance, UIVM leads with 13.33% vs 12.42% for XMVM. On fees, UIVM is cheaper at 0.35% per year. On volatility, XMVM has been the lower-risk option at 3.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UIVM or XMVM?

Over the 5-year period, UIVM has performed better with a 13.33% return vs 12.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UIVM or XMVM?

UIVM is cheaper with a 0.35% expense ratio, compared with 0.39% for XMVM.

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

UIVM has the higher dividend yield at 3.06%, compared with 1.79% for XMVM.

What is the main difference between UIVM and XMVM?

UIVM tracks Nasdaq Victory International Value Momentum Index, while XMVM tracks S&P MidCap 400 High Momentum Value Index. They also come from different issuers: Victory and Invesco. Their fees differ too: 0.35% for UIVM and 0.39% for XMVM.

Which has better risk-adjusted returns?

XMVM currently has the higher Sharpe Ratio (2.42 vs 2.27), 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.