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
144.2 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) | $144 |
| 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
| BERKSHIRE HATHAWAY INC-CL B | 1.5 % |
| NISOURCE INC | 1.5 % |
| BOSTON SCIENTIFIC CORP | 1.4 % |
| DUKE ENERGY CORP | 1.4 % |
| FOX CORPORATION CLASS A | 1.4 % |
| WELLTOWER, INC. | 1.4 % |
| AT&T INC | 1.3 % |
| MEDTRONIC PLC | 1.3 % |
| BANK OF NEW YORK MELLON CORP | 1.3 % |
| SS&C TECHNOLOGIES HOLDINGS | 1.3 % |
Constituent Breakdown
| Number of holdings | 128 |
| Herfindahl-Hirschman Index | 92 |
| Wgt avg mkt cap (mns) | $134,946 |
| Large cap (>$10bn) | 99.3% |
| Mid cap ($2-10bn) | 0.0% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.5 % |
 |
IRELAND | 2.3 % |
 |
SWITZERLAND | 0.6 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -3.0% | 7.6% | 10.9% | 6.3% | 12.6% | -- | -- | 6.1% |
| Dividend Yield | 0.0% | 0.8% | 1.5% | 1.7% | 1.8% | -- | -- | 1.7% |
| Total Returns | -3.0% | 8.4% | 12.4% | 8.0% | 14.4% | -- | -- | 7.8% | Ann. Volatility | 25.9% | 18.4% | 15.2% | 16.7% | 17.1% | -- | -- | 19.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.95 | 82% |
| MSCI EAFE | 0.83 | 67% |
| MSCI Emg Mkts | 0.53 | 27% |
Liquidity Measures
| Avg. volume (000) | 6 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.13% |
| ADV of underlying (mns) | $65,531 |
Technical Indicators
| Recent close | $78.00 |
| 30d moving avg. | $77.31 |
| Annualized volatility | 17.4% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.8% |
| Short interest (underlying) | 3.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ULVM |
Expenses vs. ULVM |
ALTAR Score™ vs. ULVM |
|---|---|---|---|---|
| SPVM | Invesco S&P 500 Value with Momentum ETF | 35.1% | +19 bp | +1.1% |
| VLUE | iShares MSCI USA Value Factor ETF | 32.7% | -5 bp | +3.0% |
| FTA | First Trust Large Cap Value AlphaDEX Fund | 32.6% | +39 bp | +2.0% |
| VOE | Vanguard Mid-Cap Value ETF | 29.7% | -13 bp | +0.1% |
| FEX | First Trust Large Cap Core AlphaDEX Fund | 29.4% | +39 bp | -1.3% |
| PRF | Invesco FTSE RAFI US 1000 ETF | 28.6% | +19 bp | -0.4% |
| IMCV | iShares Morningstar Mid-Cap Value ETF | 28.5% | -14 bp | +1.0% |
| VLU | SPDR S&P 1500 Value Tilt ETF | 28.1% | -8 bp | -0.1% |
| MTUM | iShares MSCI USA Momentum Factor ETF | 28.1% | -5 bp | -3.9% |
| STXV | Strive 1000 Value ETF | 27.9% | -2 bp | +0.7% |
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
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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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 4/30/2025
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
ULVM
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
7.9%
Cat. Avg
6.5%
ALTAR Score™ Calculation
Category Overview
There are 953 funds in the US Equity category, with an average ALTAR Score™
of 6.5% and a standard deviation of
2.7%. ULVM's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places ULVM in the 69th 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
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| ULVM (20 bp) Percentile rank | 21 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ULVM | 20.0 | 13.0 | 33 |
| Peer Avg. | 36.6 | 15.3 | 51.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .