USVM vs. UITB
USVM (VictoryShares US Small Mid Cap Value Momentum ETF) and UITB (VictoryShares Core Intermediate Bond ETF) are both exchange-traded funds - USVM is a Momentum fund tracking the Nasdaq Victory US Small Mid Cap Value Momentum Index, while UITB is a Intermediate Core Bond fund actively managed by Victory Capital. USVM is passively managed, while UITB is actively managed. Over the past 5 years, USVM returned 9.74%/yr vs 0.56%/yr for UITB. At a 0.08 correlation, their price movements are largely independent. USVM charges 0.29%/yr vs 0.38%/yr for UITB.
Performance
USVM vs. UITB - Performance Comparison
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Returns By Period
In the year-to-date period, USVM achieves a 15.26% return, which is significantly higher than UITB's 0.17% return.
USVM
- 1D
- -0.40%
- 1M
- 2.60%
- YTD
- 15.26%
- 6M
- 15.00%
- 1Y
- 30.42%
- 3Y*
- 19.79%
- 5Y*
- 9.74%
- 10Y*
- —
UITB
- 1D
- -0.19%
- 1M
- 0.24%
- YTD
- 0.17%
- 6M
- 0.03%
- 1Y
- 5.06%
- 3Y*
- 4.33%
- 5Y*
- 0.56%
- 10Y*
- —
USVM vs. UITB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USVM VictoryShares US Small Mid Cap Value Momentum ETF | 15.26% | 10.56% | 16.59% | 18.90% | -13.23% | 24.44% | 11.56% | 21.65% | -9.39% | 2.21% |
UITB VictoryShares Core Intermediate Bond ETF | 0.17% | 7.32% | 1.81% | 6.49% | -12.23% | -0.88% | 7.99% | 11.40% | -1.31% | 0.99% |
Correlation
The correlation between USVM and UITB is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.08 |
Over the past year, USVM and UITB have become more correlated (0.30) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
USVM vs. UITB — Risk / Return Rank
USVM
UITB
USVM vs. UITB - 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 Core Intermediate Bond ETF (UITB). 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 | UITB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.25 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 1.81 | +1.84 |
| Martin ratioReturn relative to average drawdown | 13.76 | 5.57 | +8.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USVM | UITB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 1.39 | +0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.10 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.46 | +0.02 |
Drawdowns
USVM vs. UITB - Drawdown Comparison
The maximum USVM drawdown since its inception was -42.38%, which is greater than UITB's maximum drawdown of -17.02%. Use the drawdown chart below to compare losses from any high point for USVM and UITB.
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Drawdown Indicators
| USVM | UITB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.38% | -17.02% | -25.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.36% | -2.80% | -5.56% |
Max Drawdown (3Y)Largest decline over 3 years | -24.34% | -5.44% | -18.90% |
Max Drawdown (5Y)Largest decline over 5 years | -25.27% | -17.02% | -8.25% |
Current DrawdownCurrent decline from peak | -0.57% | -1.61% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -7.90% | -4.35% | -3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 0.91% | +1.31% |
Volatility
USVM vs. UITB - Volatility Comparison
VictoryShares US Small Mid Cap Value Momentum ETF (USVM) has a higher volatility of 4.50% compared to VictoryShares Core Intermediate Bond ETF (UITB) at 1.24%. This indicates that USVM's price experiences larger fluctuations and is considered to be riskier than UITB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USVM | UITB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 1.24% | +3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 2.58% | +8.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.93% | 3.66% | +11.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.65% | 5.64% | +14.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.01% | 4.98% | +17.03% |
USVM vs. UITB - Expense Ratio Comparison
USVM has a 0.29% expense ratio, which is lower than UITB's 0.38% expense ratio.
Dividends
USVM vs. UITB - Dividend Comparison
USVM's dividend yield for the trailing twelve months is around 1.76%, less than UITB's 4.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
UITB VictoryShares Core Intermediate Bond ETF | 4.17% | 4.04% | 3.89% | 3.14% | 2.32% | 1.95% | 2.79% | 3.01% | 2.99% | 0.50% |
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
USVM and UITB have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USVM has higher volatility (4.50%) compared to UITB (1.24%). In terms of maximum drawdown, USVM dropped -42.38% vs UITB's -17.02%.
On 5-year performance, USVM leads with 9.74% vs 0.56% for UITB. On fees, USVM is cheaper at 0.29% per year. On volatility, UITB has been the lower-risk option at 1.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USVM has performed better with a 9.74% return vs 0.56%. 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 0.38% for UITB.
UITB has the higher dividend yield at 4.17%, compared with 1.76% for USVM.
USVM is categorized as Momentum, while UITB is Intermediate Core Bond. Their fees differ too: 0.29% for USVM and 0.38% for UITB.
USVM currently has the higher Sharpe Ratio (2.05 vs 1.39), 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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