ULVM vs. UBND
ULVM (VictoryShares US Value Momentum ETF) and UBND (VictoryShares Core Plus Intermediate Bond ETF) are both exchange-traded funds - ULVM is a Momentum fund tracking the Nasdaq Victory US Value Momentum Index, while UBND is a Intermediate Core-Plus Bond fund actively managed by Victory. ULVM is passively managed, while UBND is actively managed. Over the past 3 years, ULVM returned 20.61%/yr vs 4.78%/yr for UBND. Their 0.22 correlation means their historical movements had little consistent relationship. ULVM charges 0.20%/yr vs 0.40%/yr for UBND.
Performance
ULVM vs. UBND - Performance Comparison
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Returns By Period
In the year-to-date period, ULVM achieves a 20.05% return, which is significantly higher than UBND's -0.40% return.
ULVM
- 1D
- -0.20%
- 1M
- 1.85%
- 6M
- 15.22%
- YTD
- 20.05%
- 1Y
- 30.95%
- 3Y*
- 20.61%
- 5Y*
- 12.55%
- 10Y*
- —
- ALL TIME*
- 11.18%
UBND
- 1D
- -0.30%
- 1M
- -1.27%
- 6M
- -0.51%
- YTD
- -0.40%
- 1Y
- 2.42%
- 3Y*
- 4.78%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 0.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.01M | $8.32M | $6.37M | |
| $297.74K | $260.49K | $217.66K |
ULVM vs. UBND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ULVM VictoryShares US Value Momentum ETF | 20.05% | 15.84% | 19.76% | 10.16% | -9.04% | 9.53% |
UBND VictoryShares Core Plus Intermediate Bond ETF | -0.40% | 7.79% | 3.04% | 7.37% | -12.72% | 0.14% |
Correlation
The correlation between ULVM and UBND is 0.35, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.35 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2021 | 0.22 |
The correlation between ULVM and UBND shifts across timeframes, from 0.22 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ULVM vs. UBND — Risk / Return Rank
ULVM
UBND
ULVM vs. UBND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares US Value Momentum ETF (ULVM) and VictoryShares Core Plus Intermediate Bond ETF (UBND). 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 | UBND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.86 | ||
| Sortino ratioReturn per unit of downside risk | +2.58 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.16 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 4.63 | 1.22 | +3.41 |
| Martin ratioReturn relative to average drawdown | 19.50 | 3.36 | +16.14 |
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Drawdowns
ULVM vs. UBND - Drawdown Comparison
The maximum ULVM drawdown since its inception was -40.71%, which is greater than UBND's maximum drawdown of -16.53%. Use the drawdown chart below to compare losses from any high point for ULVM and UBND.
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Drawdown Indicators
| ULVM | UBND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.71% | -16.53% | -24.18% |
Max Drawdown (1Y)Largest decline over 1 year | -6.47% | -2.62% | -3.85% |
Max Drawdown (3Y)Largest decline over 3 years | -18.14% | -4.29% | -13.85% |
Max Drawdown (5Y)Largest decline over 5 years | -19.77% | — | — |
Current DrawdownCurrent decline from peak | -1.26% | -1.96% | +0.70% |
Average DrawdownAverage peak-to-trough decline | -5.65% | -5.30% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 0.95% | +0.58% |
Volatility
ULVM vs. UBND - Volatility Comparison
VictoryShares US Value Momentum ETF (ULVM) has a higher volatility of 2.72% compared to VictoryShares Core Plus Intermediate Bond ETF (UBND) at 0.98%. This indicates that ULVM's price experiences larger fluctuations and is considered to be riskier than UBND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ULVM | UBND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 0.98% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 8.10% | 2.72% | +5.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.81% | 3.48% | +7.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.39% | 5.75% | +9.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.73% | 5.75% | +12.98% |
ULVM vs. UBND - Expense Ratio Comparison
ULVM has a 0.20% expense ratio, which is lower than UBND's 0.40% expense ratio.
Dividends
ULVM vs. UBND - Dividend Comparison
ULVM's dividend yield for the trailing twelve months is around 1.62%, less than UBND's 4.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
UBND VictoryShares Core Plus Intermediate Bond ETF | 4.90% | 4.56% | 4.63% | 4.37% | 3.28% | 0.28% | 0.00% | 0.00% | 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
ULVM and UBND have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ULVM has higher volatility (2.72%) compared to UBND (0.98%). In terms of maximum drawdown, ULVM dropped -40.71% vs UBND's -16.53%.
On 3-year performance, ULVM leads with 20.61% vs 4.78% for UBND. On fees, ULVM is cheaper at 0.20% per year. On volatility, UBND has been the lower-risk option at 0.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ULVM has performed better with a 20.61% return vs 4.78%. 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 0.40% for UBND.
UBND has the higher dividend yield at 4.90%, compared with 1.62% for ULVM.
ULVM is categorized as Momentum, while UBND is Intermediate Core-Plus Bond. Their fees differ too: 0.20% for ULVM and 0.40% for UBND.
ULVM currently has the higher Sharpe Ratio (2.78 vs 0.92), 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.
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