PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ULVM vs. DDIV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ULVM vs. DDIV

Last updated Jun 24, 2026

ULVM (VictoryShares US Value Momentum ETF) and DDIV (First Trust Dorsey Wright Momentum & Dividend ETF) are both Momentum funds - ULVM tracks the Nasdaq Victory US Value Momentum Index while DDIV tracks the Dorsey Wright Momentum Plus Dividend Yield Index. Both are passively managed. Over the past 5 years, ULVM returned 12.23%/yr vs 10.48%/yr for DDIV. Their correlation of 0.85 suggests significant overlap in exposure. ULVM charges 0.20%/yr vs 0.60%/yr for DDIV.

Performance

ULVM vs. DDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares US Value Momentum ETF (ULVM) and First Trust Dorsey Wright Momentum & Dividend ETF (DDIV). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, ULVM achieves a 16.65% return, which is significantly higher than DDIV's 9.05% return.

ULVM

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

DDIV

1D
0.56%
1M
0.15%
YTD
9.05%
6M
7.35%
1Y
21.91%
3Y*
21.11%
5Y*
10.48%
10Y*
10.13%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ULVM vs. DDIV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ULVM
VictoryShares US Value Momentum ETF		16.65%15.84%19.76%10.16%-9.04%31.06%3.51%22.08%-12.07%4.11%
DDIV
First Trust Dorsey Wright Momentum & Dividend ETF		9.05%12.23%27.18%9.95%-12.44%39.96%-3.59%32.40%-16.50%3.28%

Correlation

The correlation between ULVM and DDIV is 0.84, 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

0.84

Correlation (3Y)
Calculated over the trailing 3-year period

0.90

Correlation (5Y)
Calculated over the trailing 5-year period

0.90

Correlation (All Time)
Calculated using the full available price history since Oct 26, 2017

0.85

The correlation between ULVM and DDIV has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.

ULVM vs. DDIV - Sectors Allocation Comparison

Sectors
ULVM
DDIV

Financial Services

22.6%
22.2%

Technology

13.5%
1.0%

Industrials

12.3%
6.4%

Utilities

12.2%
5.2%

Healthcare

10.2%
4.0%

Real Estate

8.5%
15.4%

Consumer Cyclical

5.4%
5.4%

Consumer Defensive

4.6%
7.6%

Basic Materials

4.1%
3.0%

Communication Services

3.4%
2.8%

Energy

3.3%
27.0%

Financial Services

ULVM
22.6%
DDIV
22.2%

Technology

ULVM
13.5%
DDIV
1.0%

Industrials

ULVM
12.3%
DDIV
6.4%

Utilities

ULVM
12.2%
DDIV
5.2%

Healthcare

ULVM
10.2%
DDIV
4.0%

Real Estate

ULVM
8.5%
DDIV
15.4%

Consumer Cyclical

ULVM
5.4%
DDIV
5.4%

Consumer Defensive

ULVM
4.6%
DDIV
7.6%

Basic Materials

ULVM
4.1%
DDIV
3.0%

Communication Services

ULVM
3.4%
DDIV
2.8%

Energy

ULVM
3.3%
DDIV
27.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VictoryShares US Value Momentum ETF

First Trust Dorsey Wright Momentum & Dividend ETF

Often compared with ULVM:
ULVM vs. SEIVULVM vs. SPMOULVM vs. SPYULVM vs. JPUSULVM vs. USVMULVM vs. FXAIXULVM vs. ONEV
Often compared with DDIV:
DDIV vs. TDIVDDIV vs. QQQDDIV vs. JEPQDDIV vs. MBOXDDIV vs. UDIVDDIV vs. DVOLDDIV vs. DVLU

Return for Risk

ULVM vs. DDIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ULVM
ULVM Risk / Return Rank: 8686
Overall Rank
ULVM Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
ULVM Sortino Ratio Rank: 8888
Sortino Ratio Rank
ULVM Omega Ratio Rank: 8383
Omega Ratio Rank
ULVM Calmar Ratio Rank: 8585
Calmar Ratio Rank
ULVM Martin Ratio Rank: 8989
Martin Ratio Rank
DDIV
DDIV Risk / Return Rank: 4545
Overall Rank
DDIV Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
DDIV Sortino Ratio Rank: 4646
Sortino Ratio Rank
DDIV Omega Ratio Rank: 4646
Omega Ratio Rank
DDIV Calmar Ratio Rank: 4141
Calmar Ratio Rank
DDIV Martin Ratio Rank: 4545
Martin Ratio Rank
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. DDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares US Value Momentum ETF (ULVM) and First Trust Dorsey Wright Momentum & Dividend ETF (DDIV). 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.

ULVMDDIVDifference
Sharpe ratioReturn per unit of total volatility
2.65
1.54

+1.12

Sortino ratioReturn per unit of downside risk
3.75
2.18

+1.57

Omega ratioGain probability vs. loss probability

1.46

1.28

+0.18

Calmar ratioReturn relative to maximum drawdown

4.46

1.95

+2.51

Martin ratioReturn relative to average drawdown

18.39

7.14

+11.25

ULVM vs. DDIV - Sharpe Ratio Comparison

The current ULVM Sharpe Ratio is 2.65, which is higher than the DDIV Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of ULVM and DDIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

ULVM vs. DDIV - Drawdown Comparison

The maximum ULVM drawdown since its inception was -40.71%, smaller than the maximum DDIV drawdown of -47.56%. Use the drawdown chart below to compare losses from any high point for ULVM and DDIV.

Loading charts...

Drawdown Indicators

ULVMDDIVDifference

Max Drawdown

Largest peak-to-trough decline

-40.71%

-47.56%

+6.85%

Max Drawdown (1Y)

Largest decline over 1 year

-6.47%

-11.31%

+4.84%

Max Drawdown (3Y)

Largest decline over 3 years

-18.14%

-18.97%

+0.83%

Max Drawdown (5Y)

Largest decline over 5 years

-19.77%

-21.10%

+1.33%

Max Drawdown (10Y)

Largest decline over 10 years

—

-47.56%

—

Current Drawdown

Current decline from peak

-0.52%

-0.51%

-0.01%

Average Drawdown

Average peak-to-trough decline

-5.72%

-6.00%

+0.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.56%

3.07%

-1.51%

Volatility

ULVM vs. DDIV - Volatility Comparison

VictoryShares US Value Momentum ETF (ULVM) has a higher volatility of 3.34% compared to First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) at 3.14%. This indicates that ULVM's price experiences larger fluctuations and is considered to be riskier than DDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

ULVMDDIVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.34%

3.14%

+0.20%

Volatility (6M)

Calculated over the trailing 6-month period

8.31%

11.64%

-3.33%

Volatility (1Y)

Calculated over the trailing 1-year period

10.92%

14.36%

-3.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.48%

18.54%

-3.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.82%

19.90%

-1.08%

ULVM vs. DDIV - Expense Ratio Comparison

ULVM has a 0.20% expense ratio, which is lower than DDIV's 0.60% expense ratio.

Dividends

ULVM vs. DDIV - Dividend Comparison

ULVM's dividend yield for the trailing twelve months is around 1.62%, more than DDIV's 1.59% yield.

PositionTTM202520242023202220212020201920182017
DDIV
First Trust Dorsey Wright Momentum & Dividend ETF		1.59%1.94%2.22%3.18%3.60%2.43%2.63%2.93%3.27%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

ULVM and DDIV have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ULVM has higher volatility (3.34%) compared to DDIV (3.14%). In terms of maximum drawdown, ULVM dropped -40.71% vs DDIV's -47.56%.

On 5-year performance, ULVM leads with 12.23% vs 10.48% for DDIV. On fees, ULVM is cheaper at 0.20% per year. On volatility, DDIV has been the lower-risk option at 3.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, ULVM has performed better with a 12.23% return vs 10.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ULVM is cheaper with a 0.20% expense ratio, compared with 0.60% for DDIV.

ULVM has the higher dividend yield at 1.62%, compared with 1.59% for DDIV.

ULVM tracks Nasdaq Victory US Value Momentum Index, while DDIV tracks Dorsey Wright Momentum Plus Dividend Yield Index. They also come from different issuers: Victory Capital and First Trust. Their fees differ too: 0.20% for ULVM and 0.60% for DDIV.

ULVM currently has the higher Sharpe Ratio (2.65 vs 1.54), 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.

Portfolio Optimizer

Find the right allocation for ULVM and DDIV

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer