VSMV
VictoryShares US Multi-Factor Minimum Volatility ETF
The VictoryShares US Multi-Factor Minimum Volatility ETF tracks an index of US large- and midcap stocks selected and weighted based on multiple factors. Portfolio optimization and constraints are used in order to minimize volatility.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 165.8 M
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Fund sponsor | Victory Capital Management |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 21, 2017 |
| Assets (mns) | $166 |
| Expense ratio | 35 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Multi-Factor |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| APPLE INC | 9.8 % |
| ALPHABET INC. CLASS A | 6.7 % |
| JOHNSON & JOHNSON | 4.0 % |
| WAL-MART STORES INC | 3.9 % |
| SALESFORCE.COM INC | 3.6 % |
| LAM RESEARCH CORP | 3.3 % |
| QUALCOMM INC | 3.2 % |
| EXXON MOBIL CORP | 3.2 % |
| TE CONNECTIVITY | 3.1 % |
| ADOBE SYSTEMS INC | 3.1 % |
Constituent Breakdown
| Number of holdings | 66 |
| Herfindahl-Hirschman Index | 349 |
| Wgt avg mkt cap (mns) | $824,575 |
| Large cap (>$10bn) | 94.6% |
| Mid cap ($2-10bn) | 1.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.1% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 94.6 % |
 |
IRELAND | 4.1 % |
Historical Performance
Standardized Performance (as of 12/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 15.1% | 15.1% | 14.6% | 13.1% | 10.2% | -- | -- | 9.7% |
| Dividend Yield | 1.7% | 1.7% | 1.7% | 1.8% | 1.8% | -- | -- | 2.1% |
| Total Returns | 16.8% | 16.8% | 16.3% | 15.0% | 12.0% | -- | -- | 11.8% | Ann. Volatility | 13.6% | 13.6% | 11.5% | 11.1% | 13.1% | -- | -- | 15.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.59 | 71% |
| MSCI EAFE | 0.65 | 63% |
| MSCI Emg Mkts | 0.50 | 42% |
Liquidity Measures
| Avg. volume (000) | 4 |
| ADV traded (mns) | $0 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.09% |
Technical Indicators
| 30d moving avg. (EMA) | $55.99 |
| Relative strength (RSI) | 61 |
| MACD/Signal | 0.47/0.50 |
| Bollinger Bands (Upper/Lower) | $57.48/$55.12 |
| Short interest (% of AUM) | 0.1% |
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. VSMV |
Expenses vs. VSMV |
ALTAR Score™ vs. VSMV |
|---|---|---|---|---|
| PY | Principal Value ETF | 35.9% | -20 bp | +7.8% |
| LVDS | JPMorgan Fundamental Data Science Large Value ETF | 33.0% | +14 bp | +5.9% |
| QLTY | GMO U.S. Quality ETF | 30.4% | +15 bp | +4.5% |
| QARP | Xtrackers Russell 1000 US Quality at a Reasonable Price ETF | 29.9% | -16 bp | +5.8% |
| VSLU | Applied Finance Valuation Large Cap ETF | 28.9% | +14 bp | +5.7% |
| IUS | Invesco RAFI Strategic US ETF | 28.0% | -16 bp | +6.3% |
| ZECP | Zacks Earnings Consistent Portfolio ETF | 27.9% | +20 bp | +4.8% |
| HLAL | Wahed FTSE USA Shariah ETF | 27.9% | +15 bp | +4.3% |
| VALQ | American Century U.S. Quality Value ETF | 27.6% | -6 bp | +7.5% |
| DIVN | Horizon Dividend Income ETF | 27.6% | +35 bp | +7.2% |
Risk and Returns: VSMV 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2025 | 2026 | 2027 | |
| 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 1/29/2026
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™
VSMV
6.5%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 1154 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.1%. VSMV's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places VSMV in the 68th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
VSMVSELL
U/W
HOLD
O/W
BUY