ULVM vs. SPLG
Compare and contrast key facts about VictoryShares USAA MSCI USA Value Momentum ETF (ULVM) and SPDR Portfolio S&P 500 ETF (SPLG).
ULVM and SPLG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ULVM is a passively managed fund by Crestview that tracks the performance of the MSCI USA Select Value Momentum Blend Index. It was launched on Oct 24, 2017. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005. Both ULVM and SPLG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ULVM or SPLG.
Key characteristics
| ULVM | SPLG | |
|---|---|---|
| YTD Return | 26.60% | 27.16% |
| 1Y Return | 41.44% | 39.88% |
| 3Y Return (Ann) | 8.76% | 10.28% |
| 5Y Return (Ann) | 12.30% | 16.07% |
| Sharpe Ratio | 3.32 | 3.16 |
| Sortino Ratio | 4.66 | 4.21 |
| Omega Ratio | 1.59 | 1.59 |
| Calmar Ratio | 3.61 | 4.60 |
| Martin Ratio | 22.25 | 20.90 |
| Ulcer Index | 1.81% | 1.86% |
| Daily Std Dev | 12.17% | 12.27% |
| Max Drawdown | -40.71% | -54.50% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between ULVM and SPLG is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ULVM vs. SPLG - Performance Comparison
The year-to-date returns for both investments are quite close, with ULVM having a 26.60% return and SPLG slightly higher at 27.16%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ULVM vs. SPLG - Expense Ratio Comparison
ULVM has a 0.20% expense ratio, which is higher than SPLG's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
ULVM vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares USAA MSCI USA Value Momentum ETF (ULVM) and SPDR Portfolio S&P 500 ETF (SPLG). 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.
Dividends
ULVM vs. SPLG - Dividend Comparison
ULVM's dividend yield for the trailing twelve months is around 1.54%, more than SPLG's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ULVM VictoryShares USAA MSCI USA Value Momentum ETF | 1.54% | 1.94% | 1.91% | 1.36% | 1.51% | 1.88% | 1.67% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% |
SPLG SPDR Portfolio S&P 500 ETF | 1.22% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% | 1.71% |
Drawdowns
ULVM vs. SPLG - Drawdown Comparison
The maximum ULVM drawdown since its inception was -40.71%, smaller than the maximum SPLG drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for ULVM and SPLG. For additional features, visit the drawdowns tool.
Volatility
ULVM vs. SPLG - Volatility Comparison
VictoryShares USAA MSCI USA Value Momentum ETF (ULVM) has a higher volatility of 4.63% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 3.94%. This indicates that ULVM's price experiences larger fluctuations and is considered to be riskier than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.