USVM vs. FMTM

Last updated Jun 4, 2026

USVM (VictoryShares US Small Mid Cap Value Momentum ETF) and FMTM (MarketDesk Focused U.S. Momentum ETF) are both Momentum funds. USVM is passively managed, while FMTM is actively managed. Over the past year, USVM returned 30.42% vs 63.62% for FMTM. A 0.64 correlation means they provide meaningful diversification when combined. USVM charges 0.29%/yr vs 0.45%/yr for FMTM.

Performance

USVM vs. FMTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares US Small Mid Cap Value Momentum ETF (USVM) and MarketDesk Focused U.S. Momentum ETF (FMTM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USVM achieves a 15.26% return, which is significantly lower than FMTM's 31.75% return.

USVM

• 1D: -0.40%
• 1M: 2.60%
• YTD: 15.26%
• 6M: 15.00%
• 1Y: 30.42%
• 3Y*: 19.79%
• 5Y*: 9.74%
• 10Y*: —

FMTM

• 1D: 0.50%
• 1M: 6.28%
• YTD: 31.75%
• 6M: 34.74%
• 1Y: 63.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USVM vs. FMTM - Yearly Performance Comparison

	2026 (YTD)	2025
USVM VictoryShares US Small Mid Cap Value Momentum ETF	15.26%	16.56%
FMTM MarketDesk Focused U.S. Momentum ETF	31.75%	27.90%

Correlation

The correlation between USVM and FMTM is 0.66, 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	0.66
Correlation (All Time) Calculated using the full available price history since Mar 21, 2025	0.64

The correlation between USVM and FMTM has been stable across timeframes, ranging from 0.64 to 0.66 - a consistent structural relationship.

Return for Risk

USVM vs. FMTM — Risk / Return Rank

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

USVM

USVM Risk / Return Rank: 65
USVM Sharpe Ratio Rank: 60
USVM Sortino Ratio Rank: 63
USVM Omega Ratio Rank: 57
USVM Calmar Ratio Rank: 73
USVM Martin Ratio Rank: 73

FMTM

FMTM Risk / Return Rank: 82
FMTM Sharpe Ratio Rank: 84
FMTM Sortino Ratio Rank: 74
FMTM Omega Ratio Rank: 76
FMTM Calmar Ratio Rank: 88
FMTM Martin Ratio Rank: 89

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.

USVM vs. FMTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares US Small Mid Cap Value Momentum ETF (USVM) and MarketDesk Focused U.S. Momentum ETF (FMTM). 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.

	USVM	FMTM	Difference
Sharpe ratio Return per unit of total volatility	2.05	2.80	-0.75
Sortino ratio Return per unit of downside risk	2.98	3.43	-0.45
Omega ratio Gain probability vs. loss probability	1.36	1.46	-0.11
Calmar ratio Return relative to maximum drawdown	3.66	5.28	-1.62
Martin ratio Return relative to average drawdown	13.76	20.62	-6.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USVM vs. FMTM - Sharpe Ratio Comparison

The current USVM Sharpe Ratio is 2.05, which is comparable to the FMTM Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of USVM and FMTM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	USVM	FMTM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	2.80	-0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	2.38	-1.89

Drawdowns

USVM vs. FMTM - Drawdown Comparison

The maximum USVM drawdown since its inception was -42.38%, which is greater than FMTM's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for USVM and FMTM.

Drawdown Indicators

	USVM	FMTM	Difference
Max Drawdown Largest peak-to-trough decline	-42.38%	-12.12%	-30.26%
Max Drawdown (1Y) Largest decline over 1 year	-8.36%	-12.12%	+3.76%
Max Drawdown (3Y) Largest decline over 3 years	-24.34%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.27%	—	—
Current Drawdown Current decline from peak	-0.57%	0.00%	-0.57%
Average Drawdown Average peak-to-trough decline	-7.90%	-1.89%	-6.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.22%	3.10%	-0.88%

Volatility

USVM vs. FMTM - Volatility Comparison

The current volatility for VictoryShares US Small Mid Cap Value Momentum ETF (USVM) is 4.50%, while MarketDesk Focused U.S. Momentum ETF (FMTM) has a volatility of 6.52%. This indicates that USVM experiences smaller price fluctuations and is considered to be less risky than FMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USVM	FMTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.50%	6.52%	-2.02%
Volatility (6M) Calculated over the trailing 6-month period	10.73%	17.83%	-7.10%
Volatility (1Y) Calculated over the trailing 1-year period	14.93%	22.82%	-7.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.65%	22.94%	-3.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.01%	22.94%	-0.93%

USVM vs. FMTM - Expense Ratio Comparison

USVM has a 0.29% expense ratio, which is lower than FMTM's 0.45% expense ratio.

Dividends

USVM vs. FMTM - Dividend Comparison

USVM's dividend yield for the trailing twelve months is around 1.76%, more than FMTM's 0.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FMTM MarketDesk Focused U.S. Momentum ETF	0.22%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USVM VictoryShares US Small Mid Cap Value Momentum ETF	1.76%	1.84%	1.75%	1.63%	1.43%	0.70%	1.21%	1.77%	1.43%	0.65%

Frequently Asked Questions

Can I hold both USVM and FMTM in my portfolio?

USVM and FMTM have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USVM or FMTM?

FMTM has higher volatility (6.52%) compared to USVM (4.50%). In terms of maximum drawdown, USVM dropped -42.38% vs FMTM's -12.12%.

Which ETF is better, USVM or FMTM?

On 1-year performance, FMTM leads with 63.62% vs 30.42% for USVM. On fees, USVM is cheaper at 0.29% per year. On volatility, USVM has been the lower-risk option at 4.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USVM or FMTM?

Over the 1-year period, FMTM has performed better with a 63.62% return vs 30.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USVM or FMTM?

USVM is cheaper with a 0.29% expense ratio, compared with 0.45% for FMTM.

Which ETF pays a higher dividend yield, USVM or FMTM?

USVM has the higher dividend yield at 1.76%, compared with 0.22% for FMTM.

What is the main difference between USVM and FMTM?

Their fees differ too: 0.29% for USVM and 0.45% for FMTM.

Which has better risk-adjusted returns?

FMTM currently has the higher Sharpe Ratio (2.80 vs 2.05), 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.