ULVM vs. UCRD

Last updated Aug 2, 2026

ULVM (VictoryShares US Value Momentum ETF) and UCRD (VictoryShares ESG Corporate Bond ETF) are both exchange-traded funds - ULVM is a Momentum fund tracking the Nasdaq Victory US Value Momentum Index, while UCRD is a Corporate Bonds fund actively managed by Victory. ULVM is passively managed, while UCRD is actively managed. Over the past 3 years, ULVM returned 20.61%/yr vs 5.06%/yr for UCRD. Their 0.27 correlation means their historical movements had little consistent relationship. ULVM charges 0.20%/yr vs 0.40%/yr for UCRD.

Performance

ULVM vs. UCRD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares US Value Momentum ETF (ULVM) and VictoryShares ESG Corporate Bond ETF (UCRD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ULVM achieves a 20.05% return, which is significantly higher than UCRD's -0.78% 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%

UCRD

• 1D: -0.22%
• 1M: -1.70%
• 6M: -1.16%
• YTD: -0.78%
• 1Y: 1.81%
• 3Y*: 5.06%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -0.03%

*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)
UCRD VictoryShares ESG Corporate Bond ETF	$5.78K	$5.11K	$2.86K
ULVM VictoryShares US Value Momentum ETF	$297.74K	$260.49K	$217.66K

ULVM vs. UCRD - 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%
UCRD VictoryShares ESG Corporate Bond ETF	-0.78%	7.90%	2.68%	9.27%	-17.13%	0.32%

Correlation

The correlation between ULVM and UCRD is 0.36, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.36
Correlation (3Y) Balances recent behavior with more history.	0.33
Correlation (All Time) Calculated using the full available price history since Oct 5, 2021	0.27

Return for Risk

ULVM vs. UCRD — Risk / Return Rank

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

ULVM

ULVM Risk / Return Rank: 94
ULVM Sharpe Ratio Rank: 95
ULVM Sortino Ratio Rank: 95
ULVM Omega Ratio Rank: 94
ULVM Calmar Ratio Rank: 93
ULVM Martin Ratio Rank: 95

UCRD

UCRD Risk / Return Rank: 26
UCRD Sharpe Ratio Rank: 26
UCRD Sortino Ratio Rank: 24
UCRD Omega Ratio Rank: 23
UCRD Calmar Ratio Rank: 28
UCRD Martin Ratio Rank: 29

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.

ULVM vs. UCRD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares US Value Momentum ETF (ULVM) and VictoryShares ESG Corporate Bond ETF (UCRD). 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	UCRD	Difference
Sharpe ratio: Return per unit of total volatility	2.78	0.61	+2.17
Sortino ratio: Return per unit of downside risk	3.92	0.90	+3.03
Omega ratio: Gain probability vs. loss probability	1.49	1.11	+0.39
Calmar ratio: Return relative to maximum drawdown	4.63	0.90	+3.74
Martin ratio: Return relative to average drawdown	19.50	2.42	+17.09

ULVM vs. UCRD - Sharpe Ratio Comparison

The current ULVM Sharpe Ratio is 2.78, which is higher than the UCRD Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of ULVM and UCRD, 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. UCRD - Drawdown Comparison

The maximum ULVM drawdown since its inception was -40.71%, which is greater than UCRD's maximum drawdown of -22.37%. Use the drawdown chart below to compare losses from any high point for ULVM and UCRD.

Drawdown Indicators

	ULVM	UCRD	Difference
Max Drawdown Largest peak-to-trough decline	-40.71%	-22.37%	-18.34%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-2.90%	-3.57%
Max Drawdown (3Y) Largest decline over 3 years	-18.14%	-5.54%	-12.60%
Max Drawdown (5Y) Largest decline over 5 years	-19.77%	—	—
Current Drawdown Current decline from peak	-1.26%	-2.40%	+1.14%
Average Drawdown Average peak-to-trough decline	-5.65%	-8.17%	+2.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	1.07%	+0.46%

Volatility

ULVM vs. UCRD - Volatility Comparison

VictoryShares US Value Momentum ETF (ULVM) has a higher volatility of 2.72% compared to VictoryShares ESG Corporate Bond ETF (UCRD) at 1.03%. This indicates that ULVM's price experiences larger fluctuations and is considered to be riskier than UCRD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ULVM	UCRD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.72%	1.03%	+1.69%
Volatility (6M) Calculated over the trailing 6-month period	8.10%	3.40%	+4.70%
Volatility (1Y) Calculated over the trailing 1-year period	10.81%	4.26%	+6.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.39%	7.46%	+7.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.73%	7.46%	+11.27%

ULVM vs. UCRD - Expense Ratio Comparison

ULVM has a 0.20% expense ratio, which is lower than UCRD's 0.40% expense ratio.

Dividends

ULVM vs. UCRD - Dividend Comparison

ULVM's dividend yield for the trailing twelve months is around 1.62%, less than UCRD's 4.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
UCRD VictoryShares ESG Corporate Bond ETF	4.30%	4.05%	4.00%	3.56%	2.72%	0.54%	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

Can I hold both ULVM and UCRD in my portfolio?

ULVM and UCRD have a correlation of 0.36, 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 UCRD?

ULVM has higher volatility (2.72%) compared to UCRD (1.03%). In terms of maximum drawdown, ULVM dropped -40.71% vs UCRD's -22.37%.

Which ETF is better, ULVM or UCRD?

On 3-year performance, ULVM leads with 20.61% vs 5.06% for UCRD. On fees, ULVM is cheaper at 0.20% per year. On volatility, UCRD has been the lower-risk option at 1.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ULVM or UCRD?

Over the 3-year period, ULVM has performed better with a 20.61% return vs 5.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ULVM or UCRD?

ULVM is cheaper with a 0.20% expense ratio, compared with 0.40% for UCRD.

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

UCRD has the higher dividend yield at 4.30%, compared with 1.62% for ULVM.

What is the main difference between ULVM and UCRD?

ULVM is categorized as Momentum, while UCRD is Corporate Bonds. Their fees differ too: 0.20% for ULVM and 0.40% for UCRD.

Which has better risk-adjusted returns?

ULVM currently has the higher Sharpe Ratio (2.78 vs 0.61), 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.