ULVM vs. AMOM

Last updated Jun 24, 2026

ULVM (VictoryShares US Value Momentum ETF) and AMOM (QRAFT AI-Enhanced U.S. Large Cap Momentum ETF) are both Momentum funds. ULVM is passively managed, while AMOM is actively managed. Over the past 5 years, ULVM returned 12.23%/yr vs 11.70%/yr for AMOM. A 0.68 correlation means they provide meaningful diversification when combined. ULVM charges 0.20%/yr vs 0.75%/yr for AMOM.

Performance

ULVM vs. AMOM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares US Value Momentum ETF (ULVM) and QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ULVM achieves a 16.65% return, which is significantly lower than AMOM's 26.78% return.

ULVM

• 1D: 0.10%
• 1M: 2.65%
• YTD: 16.65%
• 6M: 15.46%
• 1Y: 28.69%
• 3Y*: 21.42%
• 5Y*: 12.23%
• 10Y*: —

AMOM

• 1D: -4.33%
• 1M: 5.97%
• YTD: 26.78%
• 6M: 24.27%
• 1Y: 40.35%
• 3Y*: 26.54%
• 5Y*: 11.70%
• 10Y*: —

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

ULVM vs. AMOM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ULVM VictoryShares US Value Momentum ETF	16.65%	15.84%	19.76%	10.16%	-9.04%	31.06%	3.51%	9.69%
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF	26.78%	7.69%	35.79%	27.06%	-26.29%	13.08%	53.81%	9.64%

Correlation

The correlation between ULVM and AMOM is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since May 21, 2019	0.68

The correlation between ULVM and AMOM shifts across timeframes, from 0.53 (1 year) to 0.72 (5 years), reflecting how their relationship changes across market environments.

ULVM vs. AMOM - Sectors Allocation Comparison

Sectors	ULVM	AMOM
Financial Services	22.6%	6.2%
Technology	13.5%	50.2%
Industrials	12.3%	21.9%
Utilities	12.2%	1.1%
Healthcare	10.2%	7.7%
Real Estate	8.5%	1.9%
Consumer Cyclical	5.4%	3.0%
Consumer Defensive	4.6%	5.0%
Basic Materials	4.1%	4.6%
Communication Services	3.4%	7.4%
Energy	3.3%	11.8%

Return for Risk

ULVM vs. AMOM — Risk / Return Rank

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

ULVM

ULVM Risk / Return Rank: 86
ULVM Sharpe Ratio Rank: 87
ULVM Sortino Ratio Rank: 88
ULVM Omega Ratio Rank: 83
ULVM Calmar Ratio Rank: 85
ULVM Martin Ratio Rank: 89

AMOM

AMOM Risk / Return Rank: 55
AMOM Sharpe Ratio Rank: 52
AMOM Sortino Ratio Rank: 47
AMOM Omega Ratio Rank: 49
AMOM Calmar Ratio Rank: 65
AMOM Martin Ratio Rank: 62

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.

ULVM vs. AMOM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares US Value Momentum ETF (ULVM) and QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM). 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.

	ULVM	AMOM	Difference
Sharpe ratio: Return per unit of total volatility	2.65	1.67	+0.98
Sortino ratio: Return per unit of downside risk	3.75	2.21	+1.53
Omega ratio: Gain probability vs. loss probability	1.46	1.30	+0.16
Calmar ratio: Return relative to maximum drawdown	4.46	3.09	+1.36
Martin ratio: Return relative to average drawdown	18.39	10.70	+7.69

ULVM vs. AMOM - Sharpe Ratio Comparison

The current ULVM Sharpe Ratio is 2.65, which is higher than the AMOM Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of ULVM and AMOM, 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

ULVM vs. AMOM - Drawdown Comparison

The maximum ULVM drawdown since its inception was -40.71%, roughly equal to the maximum AMOM drawdown of -39.68%. Use the drawdown chart below to compare losses from any high point for ULVM and AMOM.

Drawdown Indicators

	ULVM	AMOM	Difference
Max Drawdown Largest peak-to-trough decline	-40.71%	-39.68%	-1.03%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-13.10%	+6.63%
Max Drawdown (3Y) Largest decline over 3 years	-18.14%	-30.26%	+12.12%
Max Drawdown (5Y) Largest decline over 5 years	-19.77%	-39.68%	+19.91%
Current Drawdown Current decline from peak	-0.52%	-4.33%	+3.81%
Average Drawdown Average peak-to-trough decline	-5.72%	-10.75%	+5.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	3.78%	-2.22%

Volatility

ULVM vs. AMOM - Volatility Comparison

The current volatility for VictoryShares US Value Momentum ETF (ULVM) is 3.34%, while QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) has a volatility of 12.24%. This indicates that ULVM experiences smaller price fluctuations and is considered to be less risky than AMOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ULVM	AMOM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.34%	12.24%	-8.90%
Volatility (6M) Calculated over the trailing 6-month period	8.31%	19.66%	-11.35%
Volatility (1Y) Calculated over the trailing 1-year period	10.92%	24.29%	-13.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.48%	24.26%	-8.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.82%	25.22%	-6.40%

ULVM vs. AMOM - Expense Ratio Comparison

ULVM has a 0.20% expense ratio, which is lower than AMOM's 0.75% expense ratio.

Dividends

ULVM vs. AMOM - Dividend Comparison

ULVM's dividend yield for the trailing twelve months is around 1.62%, more than AMOM's 0.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AMOM QRAFT AI-Enhanced U.S. Large Cap Momentum ETF	0.07%	0.09%	0.00%	0.47%	0.72%	0.74%	24.31%	5.51%	0.00%	0.00%
ULVM VictoryShares US Value Momentum ETF	1.62%	1.81%	1.57%	1.94%	1.91%	1.36%	1.51%	1.88%	1.67%	0.38%

Frequently Asked Questions

Can I hold both ULVM and AMOM in my portfolio?

ULVM and AMOM have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ULVM or AMOM?

AMOM has higher volatility (12.24%) compared to ULVM (3.34%). In terms of maximum drawdown, ULVM dropped -40.71% vs AMOM's -39.68%.

Which ETF is better, ULVM or AMOM?

On 5-year performance, ULVM leads with 12.23% vs 11.70% for AMOM. On fees, ULVM is cheaper at 0.20% per year. On volatility, ULVM has been the lower-risk option at 3.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ULVM or AMOM?

Over the 5-year period, ULVM has performed better with a 12.23% return vs 11.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ULVM or AMOM?

ULVM is cheaper with a 0.20% expense ratio, compared with 0.75% for AMOM.

Which ETF pays a higher dividend yield, ULVM or AMOM?

ULVM has the higher dividend yield at 1.62%, compared with 0.07% for AMOM.

What is the main difference between ULVM and AMOM?

They also come from different issuers: Victory Capital and Exchange Traded Concepts. Their fees differ too: 0.20% for ULVM and 0.75% for AMOM.

Which has better risk-adjusted returns?

ULVM currently has the higher Sharpe Ratio (2.65 vs 1.67), 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.