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
166.3 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) | 1 |
Turnover | 0.1% |
Avg. Bid/Ask (% of price) | 0.13% |
ADV of underlying (mns) | $93,662 |
Technical Indicators
Recent close | $81.12 |
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 |
---|---|---|---|---|
SPVM | Invesco S&P 500 Value with Momentum ETF | 37.3% | +19 bp | +0.9% |
FTA | First Trust Large Cap Value AlphaDEX Fund | 36.2% | +39 bp | +0.9% |
FEX | First Trust Large Cap Core AlphaDEX Fund | 34.8% | +39 bp | -1.5% |
DFLV | Dimensional US Large Cap Value ETF | 34.2% | +2 bp | +0.3% |
VLUE | iShares MSCI USA Value Factor ETF | 33.3% | -5 bp | +2.9% |
RWL | Invesco S&P 500 Revenue ETF | 33.3% | +19 bp | -0.3% |
SPVU | Invesco S&P 500 Enhanced Value ETF | 32.7% | -7 bp | +2.1% |
VOE | Vanguard Mid-Cap Value ETF | 30.7% | -13 bp | -0.2% |
RPV | Invesco S&P 500 Pure Value ETF | 30.6% | +15 bp | +3.1% |
IMCV | iShares Morningstar Mid-Cap Value ETF | 29.8% | -14 bp | +0.5% |
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 10/9/2024
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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
7.2%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 933 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. 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. | 37.4 | 15.4 | 52.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .