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VSMV vs. LGLV
Performance
Return for Risk
Dividends
Drawdowns
Volatility

VSMV vs. LGLV

Last updated Apr 1, 2026

Compare and contrast key facts about VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) and SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV).

VSMV and LGLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VSMV is a passively managed fund by Crestview that tracks the performance of the Nasdaq Victory Multi-Factor Minimum Volatility Index. It was launched on Jun 22, 2017. LGLV is a passively managed fund by State Street that tracks the performance of the SSGA US Large Cap Low Volatility (TR). It was launched on Feb 20, 2013. Both VSMV and LGLV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

VSMV vs. LGLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) and SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV). The values are adjusted to include any dividend payments, if applicable.

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VSMV vs. LGLV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VSMV
VictoryShares US Multi-Factor Minimum Volatility ETF		2.63%16.77%15.79%12.34%-7.56%25.66%5.05%26.79%-1.12%11.48%
LGLV
SPDR SSGA US Large Cap Low Volatility Index ETF		2.00%8.37%16.22%9.19%-8.17%27.95%7.42%30.83%0.32%7.86%

Returns By Period

In the year-to-date period, VSMV achieves a 2.63% return, which is significantly higher than LGLV's 2.00% return.

VSMV

1D
1.41%
1M
-3.84%
YTD
2.63%
6M
6.16%
1Y
18.57%
3Y*
15.25%
5Y*
11.14%
10Y*
—

LGLV

1D
1.10%
1M
-5.28%
YTD
2.00%
6M
1.06%
1Y
4.45%
3Y*
11.46%
5Y*
9.25%
10Y*
11.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VictoryShares US Multi-Factor Minimum Volatility ETF

SPDR SSGA US Large Cap Low Volatility Index ETF

Often compared with VSMV:
VSMV vs. USMVVSMV vs. SPYVSMV vs. FVVSMV vs. MGVVSMV vs. FDVVVSMV vs. VOOVSMV vs. OMFL
Often compared with LGLV:
LGLV vs. SCHDLGLV vs. VOOLGLV vs. SMLVLGLV vs. SPTMLGLV vs. SMLFLGLV vs. FNDXLGLV vs. GRID

VSMV vs. LGLV - Expense Ratio Comparison

VSMV has a 0.35% expense ratio, which is higher than LGLV's 0.12% expense ratio.

VSMV
VictoryShares US Multi-Factor Minimum Volatility ETF
LGLV
SPDR SSGA US Large Cap Low Volatility Index ETF

Return for Risk

VSMV vs. LGLV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VSMV
VSMV Risk / Return Rank: 7979
Overall Rank
VSMV Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
VSMV Sortino Ratio Rank: 7979
Sortino Ratio Rank
VSMV Omega Ratio Rank: 7878
Omega Ratio Rank
VSMV Calmar Ratio Rank: 7575
Calmar Ratio Rank
VSMV Martin Ratio Rank: 8787
Martin Ratio Rank
LGLV
LGLV Risk / Return Rank: 2525
Overall Rank
LGLV Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
LGLV Sortino Ratio Rank: 2222
Sortino Ratio Rank
LGLV Omega Ratio Rank: 2222
Omega Ratio Rank
LGLV Calmar Ratio Rank: 2727
Calmar Ratio Rank
LGLV Martin Ratio Rank: 3030
Martin Ratio Rank
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.

VSMV vs. LGLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) and SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV). 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.

VSMVLGLVDifference

Sharpe ratio

Return per unit of total volatility

1.39

0.35

+1.04

Sortino ratio

Return per unit of downside risk

2.01

0.58

+1.43

Omega ratio

Gain probability vs. loss probability

1.29

1.08

+0.21

Calmar ratio

Return relative to maximum drawdown

1.90

0.58

+1.32

Martin ratio

Return relative to average drawdown

10.28

2.44

+7.84

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VSMV vs. LGLV - Sharpe Ratio Comparison

The current VSMV Sharpe Ratio is 1.39, which is higher than the LGLV Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of VSMV and LGLV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

VSMVLGLVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.39

0.35

+1.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.87

0.72

+0.15

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.70

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.78

0.78

0.00

Correlation

The correlation between VSMV and LGLV is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

VSMV vs. LGLV - Dividend Comparison

VSMV's dividend yield for the trailing twelve months is around 1.40%, less than LGLV's 2.02% yield.

TTM20252024202320222021202020192018201720162015
VSMV
VictoryShares US Multi-Factor Minimum Volatility ETF		1.40%1.35%1.36%1.77%1.99%1.36%2.01%2.00%2.42%1.11%0.00%0.00%
LGLV
SPDR SSGA US Large Cap Low Volatility Index ETF		2.02%1.94%1.93%2.03%1.95%1.65%1.98%1.89%2.09%4.39%2.54%2.97%

Drawdowns

VSMV vs. LGLV - Drawdown Comparison

The maximum VSMV drawdown since its inception was -31.33%, smaller than the maximum LGLV drawdown of -36.64%. Use the drawdown chart below to compare losses from any high point for VSMV and LGLV.

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Drawdown Indicators

VSMVLGLVDifference

Max Drawdown

Largest peak-to-trough decline

-31.33%

-36.64%

+5.31%

Max Drawdown (1Y)

Largest decline over 1 year

-10.43%

-9.65%

-0.78%

Max Drawdown (5Y)

Largest decline over 5 years

-17.96%

-17.49%

-0.47%

Max Drawdown (10Y)

Largest decline over 10 years

—

-36.64%

—

Current Drawdown

Current decline from peak

-3.84%

-5.52%

+1.68%

Average Drawdown

Average peak-to-trough decline

-3.46%

-3.19%

-0.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.93%

2.30%

-0.37%

Volatility

VSMV vs. LGLV - Volatility Comparison

The current volatility for VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) is 2.80%, while SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) has a volatility of 3.11%. This indicates that VSMV experiences smaller price fluctuations and is considered to be less risky than LGLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VSMVLGLVDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.80%

3.11%

-0.31%

Volatility (6M)

Calculated over the trailing 6-month period

6.75%

6.63%

+0.12%

Volatility (1Y)

Calculated over the trailing 1-year period

13.44%

12.78%

+0.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.92%

12.93%

-0.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.14%

16.10%

-0.96%