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
165.9 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) | $166 |
| 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 | 1.7 % |
| LOEWS CORP | 1.4 % |
| REGENERON PHARMACEUTICALS | 1.3 % |
| SS&C TECHNOLOGIES HOLDINGS | 1.3 % |
| HARTFORD FINANCIAL SVCS GRP | 1.3 % |
| BANK OF NEW YORK MELLON CORP | 1.2 % |
| DUKE ENERGY CORP | 1.2 % |
| FISERV, INC. | 1.2 % |
| AMERISOURCEBERGEN CORP | 1.2 % |
| JPMORGAN CHASE & CO | 1.2 % |
Constituent Breakdown
| Number of holdings | 126 |
| Herfindahl-Hirschman Index | 90 |
| Wgt avg mkt cap (mns) | $120,087 |
| 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 | 98.4 % |
 |
BRITAIN | 1.1 % |
 |
IRELAND | 0.7 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 19.7% | 33.9% | 21.8% | 9.8% | 11.5% | -- | 9.1% | Volatility | 10.5% | 10.9% | 14.8% | 15.7% | 21.2% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.89 | 85% |
| MSCI EAFE | 0.87 | 78% |
| MSCI Emg Mkts | 0.60 | 36% |
Liquidity Measures
| Avg. volume (000) | 3 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.13% |
| ADV of underlying (mns) | $93,662 |
Technical Indicators
| Recent close | $80.93 |
| 30d moving avg. | $78.85 |
| Annualized volatility | 17.3% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.6% |
| 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 |
|---|---|---|---|---|
| FTA | First Trust Large Cap Value AlphaDEX Fund | 37.7% | +39 bp | +0.9% |
| SPVM | Invesco S&P 500 Value with Momentum ETF | 36.7% | +19 bp | +0.9% |
| FEX | First Trust Large Cap Core AlphaDEX Fund | 33.6% | +39 bp | -1.5% |
| DFLV | Dimensional US Large Cap Value ETF | 33.5% | +2 bp | +0.3% |
| VLUE | iShares MSCI USA Value Factor ETF | 33.3% | -5 bp | +3.1% |
| RWL | Invesco S&P 500 Revenue ETF | 33.0% | +19 bp | -0.3% |
| SPVU | Invesco S&P 500 Enhanced Value ETF | 32.6% | -7 bp | +2.1% |
| RPV | Invesco S&P 500 Pure Value ETF | 30.5% | +15 bp | +3.0% |
| VOE | Vanguard Mid-Cap Value ETF | 30.3% | -13 bp | -0.2% |
| IMCV | iShares Morningstar Mid-Cap Value ETF | 29.9% | -14 bp | +0.4% |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 10/25/2024
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
7.3%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 934 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.5%. ULVM's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places ULVM in the 75th 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. | 37.8 | 15.4 | 53.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .