VSDA vs. FMTM

Last updated Aug 2, 2026

VSDA (VictoryShares Dividend Accelerator ETF) and FMTM (MarketDesk Focused U.S. Momentum ETF) are both exchange-traded funds - VSDA is a Large Cap Growth Equities fund tracking the Nasdaq Victory Dividend Accelerator Index, while FMTM is a Momentum fund. VSDA is passively managed, while FMTM is actively managed. Over the past year, VSDA returned 16.75% vs 43.74% for FMTM. Their 0.32 correlation means their historical movements had little consistent relationship. VSDA charges 0.35%/yr vs 0.45%/yr for FMTM.

Performance

VSDA vs. FMTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares Dividend Accelerator ETF (VSDA) 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, VSDA achieves a 13.64% return, which is significantly lower than FMTM's 19.49% return.

VSDA

• 1D: -0.29%
• 1M: 0.10%
• 6M: 7.03%
• YTD: 13.64%
• 1Y: 16.75%
• 3Y*: 10.52%
• 5Y*: 7.82%
• 10Y*: —
• ALL TIME*: 11.73%

FMTM

• 1D: 1.16%
• 1M: -5.35%
• 6M: 9.00%
• YTD: 19.49%
• 1Y: 43.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 36.73%

*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)
FMTM MarketDesk Focused U.S. Momentum ETF	$7.27M	$8.73M	$9.00M
VSDA VictoryShares Dividend Accelerator ETF	$277.58K	$512.78K	$510.25K

VSDA vs. FMTM - Yearly Performance Comparison

	2026 (YTD)	2025
VSDA VictoryShares Dividend Accelerator ETF	13.64%	4.98%
FMTM MarketDesk Focused U.S. Momentum ETF	19.49%	28.21%

Correlation

The correlation between VSDA and FMTM is 0.22, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.22
Correlation (All Time) Calculated using the full available price history since Mar 20, 2025	0.32

The correlation between VSDA and FMTM shifts across timeframes, from 0.22 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VSDA vs. FMTM — Risk / Return Rank

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

VSDA

VSDA Risk / Return Rank: 54
VSDA Sharpe Ratio Rank: 61
VSDA Sortino Ratio Rank: 66
VSDA Omega Ratio Rank: 54
VSDA Calmar Ratio Rank: 48
VSDA Martin Ratio Rank: 41

FMTM

FMTM Risk / Return Rank: 70
FMTM Sharpe Ratio Rank: 70
FMTM Sortino Ratio Rank: 64
FMTM Omega Ratio Rank: 63
FMTM Calmar Ratio Rank: 78
FMTM Martin Ratio Rank: 76

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.

VSDA vs. FMTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares Dividend Accelerator ETF (VSDA) 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.

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.

	VSDA	FMTM	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.58	-0.17
Sortino ratio: Return per unit of downside risk	2.17	2.09	+0.08
Omega ratio: Gain probability vs. loss probability	1.24	1.27	-0.02
Calmar ratio: Return relative to maximum drawdown	1.74	2.73	-1.00
Martin ratio: Return relative to average drawdown	4.37	9.51	-5.14

VSDA vs. FMTM - Sharpe Ratio Comparison

The current VSDA Sharpe Ratio is 1.42, which is comparable to the FMTM Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of VSDA 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.

Drawdowns

VSDA vs. FMTM - Drawdown Comparison

The maximum VSDA drawdown since its inception was -32.12%, which is greater than FMTM's maximum drawdown of -15.40%. Use the drawdown chart below to compare losses from any high point for VSDA and FMTM.

Drawdown Indicators

	VSDA	FMTM	Difference
Max Drawdown Largest peak-to-trough decline	-32.12%	-15.40%	-16.72%
Max Drawdown (1Y) Largest decline over 1 year	-9.44%	-15.40%	+5.96%
Max Drawdown (3Y) Largest decline over 3 years	-15.54%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.14%	—	—
Current Drawdown Current decline from peak	-1.97%	-12.01%	+10.04%
Average Drawdown Average peak-to-trough decline	-3.60%	-2.42%	-1.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.75%	4.42%	-0.67%

Volatility

VSDA vs. FMTM - Volatility Comparison

The current volatility for VictoryShares Dividend Accelerator ETF (VSDA) is 4.48%, while MarketDesk Focused U.S. Momentum ETF (FMTM) has a volatility of 9.67%. This indicates that VSDA 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

	VSDA	FMTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	9.67%	-5.19%
Volatility (6M) Calculated over the trailing 6-month period	8.95%	21.17%	-12.22%
Volatility (1Y) Calculated over the trailing 1-year period	11.62%	26.61%	-14.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.13%	24.76%	-10.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.54%	24.76%	-8.22%

VSDA vs. FMTM - Expense Ratio Comparison

VSDA has a 0.35% expense ratio, which is lower than FMTM's 0.45% expense ratio.

Dividends

VSDA vs. FMTM - Dividend Comparison

VSDA's dividend yield for the trailing twelve months is around 2.44%, more than FMTM's 0.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FMTM MarketDesk Focused U.S. Momentum ETF	0.25%	0.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VSDA VictoryShares Dividend Accelerator ETF	2.44%	2.65%	2.36%	1.92%	1.83%	1.40%	1.49%	1.36%	1.69%	1.23%

Frequently Asked Questions

Can I hold both VSDA and FMTM in my portfolio?

VSDA and FMTM have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VSDA or FMTM?

FMTM has higher volatility (9.67%) compared to VSDA (4.48%). In terms of maximum drawdown, VSDA dropped -32.12% vs FMTM's -15.40%.

Which ETF is better, VSDA or FMTM?

On 1-year performance, FMTM leads with 43.74% vs 16.75% for VSDA. On fees, VSDA is cheaper at 0.35% per year. On volatility, VSDA has been the lower-risk option at 4.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VSDA or FMTM?

Over the 1-year period, FMTM has performed better with a 43.74% return vs 16.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VSDA or FMTM?

VSDA is cheaper with a 0.35% expense ratio, compared with 0.45% for FMTM.

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

VSDA has the higher dividend yield at 2.44%, compared with 0.25% for FMTM.

What is the main difference between VSDA and FMTM?

VSDA is categorized as Large Cap Growth Equities, while FMTM is Momentum. Their fees differ too: 0.35% for VSDA and 0.45% for FMTM.

Which has better risk-adjusted returns?

FMTM currently has the higher Sharpe Ratio (1.58 vs 1.42), 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.