USVM vs. UCRD
USVM (VictoryShares US Small Mid Cap Value Momentum ETF) and UCRD (VictoryShares ESG Corporate Bond ETF) are both exchange-traded funds - USVM is a Momentum fund tracking the Nasdaq Victory US Small Mid Cap Value Momentum Index, while UCRD is a Corporate Bonds fund actively managed by Victory. USVM is passively managed, while UCRD is actively managed. Over the past 3 years, USVM returned 18.46%/yr vs 5.06%/yr for UCRD. Their 0.28 correlation means their historical movements had little consistent relationship. USVM charges 0.29%/yr vs 0.40%/yr for UCRD.
Performance
USVM vs. UCRD - 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 UCRD's -0.78% 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%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.78K | $5.11K | $2.86K | |
| $4.40M | $4.64M | $4.70M |
USVM vs. UCRD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
USVM VictoryShares US Small Mid Cap Value Momentum ETF | 21.09% | 10.56% | 16.59% | 18.90% | -13.23% | 4.49% |
UCRD VictoryShares ESG Corporate Bond ETF | -0.78% | 7.90% | 2.68% | 9.27% | -17.13% | 0.32% |
Correlation
The correlation between USVM and UCRD is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2021 | 0.28 |
The correlation between USVM and UCRD shifts across timeframes, from 0.28 (all time) to 0.41 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
USVM vs. UCRD — Risk / Return Rank
USVM
UCRD
USVM vs. UCRD - 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 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.
| USVM | UCRD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.11 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 4.06 | 0.90 | +3.16 |
| Martin ratioReturn relative to average drawdown | 15.72 | 2.42 | +13.30 |
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Drawdowns
USVM vs. UCRD - Drawdown Comparison
The maximum USVM drawdown since its inception was -42.38%, which is greater than UCRD's maximum drawdown of -22.37%. Use the drawdown chart below to compare losses from any high point for USVM and UCRD.
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Drawdown Indicators
| USVM | UCRD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.38% | -22.37% | -20.01% |
Max Drawdown (1Y)Largest decline over 1 year | -8.36% | -2.90% | -5.46% |
Max Drawdown (3Y)Largest decline over 3 years | -24.34% | -5.54% | -18.80% |
Max Drawdown (5Y)Largest decline over 5 years | -25.27% | — | — |
Current DrawdownCurrent decline from peak | -1.11% | -2.40% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -7.76% | -8.17% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 1.07% | +1.08% |
Volatility
USVM vs. UCRD - Volatility Comparison
VictoryShares US Small Mid Cap Value Momentum ETF (USVM) has a higher volatility of 2.91% compared to VictoryShares ESG Corporate Bond ETF (UCRD) at 1.03%. This indicates that USVM'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.
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Volatility by Period
| USVM | UCRD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.91% | 1.03% | +1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 3.40% | +7.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.64% | 4.26% | +10.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.45% | 7.46% | +11.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.86% | 7.46% | +14.40% |
USVM vs. UCRD - Expense Ratio Comparison
USVM has a 0.29% expense ratio, which is lower than UCRD's 0.40% expense ratio.
Dividends
USVM vs. UCRD - Dividend Comparison
USVM's dividend yield for the trailing twelve months is around 1.82%, 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% |
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 UCRD have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USVM has higher volatility (2.91%) compared to UCRD (1.03%). In terms of maximum drawdown, USVM dropped -42.38% vs UCRD's -22.37%.
On 3-year performance, USVM leads with 18.46% vs 5.06% for UCRD. On fees, USVM is cheaper at 0.29% 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.
Over the 3-year period, USVM has performed better with a 18.46% return vs 5.06%. 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 0.40% for UCRD.
UCRD has the higher dividend yield at 4.30%, compared with 1.82% for USVM.
USVM is categorized as Momentum, while UCRD is Corporate Bonds. Their fees differ too: 0.29% for USVM and 0.40% for UCRD.
USVM currently has the higher Sharpe Ratio (2.32 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.
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