ULVM
VictoryShares US Value Momentum ETF
ULVM tracks an index of large- and midcap US stocks that are selected by equal parts value and momentum and weighted by volatility.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
188.0 M
ASSETS UNDER MGMT
20 bp
EXPENSES
Fund Basics
| Fund sponsor | USAA Asset Management |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 24, 2017 |
| Assets (mns) | $188 |
| Expense ratio | 20 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Volatility |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| RTX CORP | 1.6 % |
| NISOURCE INC | 1.6 % |
| BANK OF NEW YORK MELLON CORP | 1.5 % |
| WELLTOWER, INC. | 1.5 % |
| BOSTON SCIENTIFIC CORP | 1.5 % |
| FOX CORPORATION CLASS A | 1.5 % |
| BERKSHIRE HATHAWAY INC-CL B | 1.5 % |
| AT&T INC | 1.5 % |
| DUKE ENERGY CORP | 1.4 % |
| ALTRIA GROUP INC | 1.4 % |
Constituent Breakdown
| Number of holdings | 127 |
| Herfindahl-Hirschman Index | 107 |
| Wgt avg mkt cap (mns) | $188,970 |
| Large cap (>$10bn) | 104.4% |
| Mid cap ($2-10bn) | 3.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 108.5% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 105.5 % |
 |
IRELAND | 2.3 % |
 |
SWITZERLAND | 0.7 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 14.8% | 5.8% | 19.4% | 11.6% | 11.6% | -- | -- | 7.9% |
| Dividend Yield | 1.8% | 2.1% | 2.2% | 2.2% | 2.0% | -- | -- | 1.9% |
| Total Returns | 16.6% | 7.9% | 21.6% | 13.8% | 13.6% | -- | -- | 9.8% | Ann. Volatility | 17.7% | 17.5% | 15.0% | 14.1% | 15.8% | -- | -- | 19.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.80 | 82% |
| MSCI EAFE | 0.80 | 59% |
| MSCI Emg Mkts | 0.65 | 43% |
Liquidity Measures
| Avg. volume (000) | 6 |
| ADV traded (mns) | $1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.07% |
Technical Indicators
| 30d moving avg. (EMA) | $89.87 |
| Relative strength (RSI) | 60 |
| MACD/Signal | 0.40/0.13 |
| Bollinger Bands (Upper/Lower) | $91.98/$87.74 |
| Short interest (% of AUM) | 0.7% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ULVM |
Expenses vs. ULVM |
ALTAR Score™ vs. ULVM |
|---|---|---|---|---|
| REVS | Columbia Research Enhanced Value ETF | 30.9% | -1 bp | +7.7% |
| ROUS | Hartford Multifactor US Equity ETF | 30.4% | -1 bp | +7.0% |
| SPVM | Invesco S&P 500 Value with Momentum ETF | 30.1% | +19 bp | +7.5% |
| MFUS | PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 30.0% | +9 bp | +6.4% |
| SEIV | SEI Enhanced U.S. Large Cap Value Factor ETF | 29.6% | -5 bp | +9.0% |
| VOE | Vanguard Mid-Cap Value ETF | 29.6% | -13 bp | +7.8% |
| CDL | VictoryShares US Large Cap High Dividend Volatility Wtd ETF | 29.2% | +15 bp | +7.8% |
| CDC | VictoryShares US EQ Income Enhanced Volatility Wtd ETF | 29.2% | +18 bp | +7.8% |
| JVAL | JPMorgan U.S. Value Factor ETF | 29.1% | -8 bp | +7.7% |
| FTA | First Trust Large Cap Value AlphaDEX Fund | 28.7% | +39 bp | +8.9% |
Risk and Returns: ULVM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/4/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
ULVM
7.3%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 1021 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.3%. ULVM's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places ULVM in the 77th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ULVMSELL
U/W
HOLD
O/W
BUY