USVM vs. GFLW
USVM (VictoryShares US Small Mid Cap Value Momentum ETF) and GFLW (VictoryShares Free Cash Flow Growth ETF) are both exchange-traded funds - USVM is a Momentum fund tracking the Nasdaq Victory US Small Mid Cap Value Momentum Index, while GFLW is a Large Cap Growth Equities fund tracking the Victory Free Cash Flow Growth Index. Both are passively managed. Over the past year, USVM returned 35.70% vs 21.44% for GFLW. Their 0.66 correlation means they have sometimes moved together and sometimes differently. USVM charges 0.29%/yr vs 0.39%/yr for GFLW.
Performance
USVM vs. GFLW - Performance Comparison
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Returns By Period
In the year-to-date period, USVM achieves a 21.09% return, which is significantly higher than GFLW's 13.67% return.
USVM
- 1D
- -0.42%
- 1M
- 0.81%
- 6M
- 15.17%
- YTD
- 21.09%
- 1Y
- 35.70%
- 3Y*
- 18.46%
- 5Y*
- 11.10%
- 10Y*
- —
- ALL TIME*
- 11.10%
GFLW
- 1D
- 0.29%
- 1M
- -3.28%
- 6M
- 14.62%
- YTD
- 13.67%
- 1Y
- 21.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.20M | $5.66M | $3.52M | |
| $4.40M | $4.64M | $4.70M |
USVM vs. GFLW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
USVM VictoryShares US Small Mid Cap Value Momentum ETF | 21.09% | 10.56% | -7.63% |
GFLW VictoryShares Free Cash Flow Growth ETF | 13.67% | 18.40% | -5.88% |
Correlation
The correlation between USVM and GFLW is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024 | 0.66 |
The correlation between USVM and GFLW has been stable across timeframes, ranging from 0.62 to 0.66 - a consistent structural relationship.
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Return for Risk
USVM vs. GFLW — Risk / Return Rank
USVM
GFLW
USVM vs. GFLW - 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 VictoryShares Free Cash Flow Growth ETF (GFLW). 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.
| USVM | GFLW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.41 | ||
| Sortino ratioReturn per unit of downside risk | +2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.16 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 4.06 | 1.31 | +2.74 |
| Martin ratioReturn relative to average drawdown | 15.72 | 4.15 | +11.57 |
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Drawdowns
USVM vs. GFLW - Drawdown Comparison
The maximum USVM drawdown since its inception was -42.38%, which is greater than GFLW's maximum drawdown of -24.14%. Use the drawdown chart below to compare losses from any high point for USVM and GFLW.
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Drawdown Indicators
| USVM | GFLW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.38% | -24.14% | -18.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.36% | -14.95% | +6.59% |
Max Drawdown (3Y)Largest decline over 3 years | -24.34% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.27% | — | — |
Current DrawdownCurrent decline from peak | -1.11% | -6.63% | +5.52% |
Average DrawdownAverage peak-to-trough decline | -7.76% | -4.54% | -3.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 4.72% | -2.57% |
Volatility
USVM vs. GFLW - Volatility Comparison
The current volatility for VictoryShares US Small Mid Cap Value Momentum ETF (USVM) is 2.91%, while VictoryShares Free Cash Flow Growth ETF (GFLW) has a volatility of 5.87%. This indicates that USVM experiences smaller price fluctuations and is considered to be less risky than GFLW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USVM | GFLW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.91% | 5.87% | -2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 17.51% | -6.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.64% | 21.58% | -6.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.45% | 24.84% | -5.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.86% | 24.84% | -2.98% |
USVM vs. GFLW - Expense Ratio Comparison
USVM has a 0.29% expense ratio, which is lower than GFLW's 0.39% expense ratio.
Dividends
USVM vs. GFLW - Dividend Comparison
USVM's dividend yield for the trailing twelve months is around 1.82%, while GFLW has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GFLW VictoryShares Free Cash Flow Growth ETF | 0.00% | 0.02% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USVM VictoryShares US Small Mid Cap Value Momentum ETF | 1.82% | 1.84% | 1.75% | 1.63% | 1.43% | 0.70% | 1.21% | 1.77% | 1.43% | 0.65% |
Frequently Asked Questions
USVM and GFLW have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GFLW has higher volatility (5.87%) compared to USVM (2.91%). In terms of maximum drawdown, USVM dropped -42.38% vs GFLW's -24.14%.
On 1-year performance, USVM leads with 35.70% vs 21.44% for GFLW. On fees, USVM is cheaper at 0.29% per year. On volatility, USVM has been the lower-risk option at 2.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USVM has performed better with a 35.70% return vs 21.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USVM is cheaper with a 0.29% expense ratio, compared with 0.39% for GFLW.
USVM has the higher dividend yield at 1.82%, compared with 0.00% for GFLW.
USVM is categorized as Momentum, while GFLW is Large Cap Growth Equities. USVM tracks Nasdaq Victory US Small Mid Cap Value Momentum Index, while GFLW tracks Victory Free Cash Flow Growth Index. Their fees differ too: 0.29% for USVM and 0.39% for GFLW.
USVM currently has the higher Sharpe Ratio (2.32 vs 0.91), 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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