ULVM vs. FQAL ETF Comparison

Comparison of VictoryShares USAA MSCI USA Value Momentum ETF (ULVM) to Fidelity Quality Factor ETF (FQAL)

ULVM

VictoryShares USAA MSCI USA Value Momentum ETF

ULVM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the MSCI USA Select Value Momentum Blend Index. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is designed to deliver exposure to equity securities of large- and mid-capitalization U.S. issuers within the MSCI USA Index (the parent index) that have higher exposure to value and momentum factors, while also maintaining moderate index turnover and lower realized volatility than traditional capitalization-weighted indexes.

Grade (RS Rating)

Last Trade

$87.10

Average Daily Volume

2,589

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

FQAL

Fidelity Quality Factor ETF

FQAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Quality Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Quality Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market.

Grade (RS Rating)

Last Trade

$67.46

Average Daily Volume

29,959

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	ULVM	FQAL
30 Days	7.71%	3.23%
60 Days	8.67%	4.16%
90 Days	11.02%	6.32%
12 Months	37.56%	31.11%

17 Overlapping Holdings

Symbol	Grade	Weight in ULVM	Weight in FQAL	Overlap
AVB	B	0.98%	0.19%	0.19%
AVGO	D	0.41%	2.0%	0.41%
COST	B	0.95%	1.01%	0.95%
ESS	B	0.87%	0.16%	0.16%
GOOGL	C	0.74%	3.69%	0.74%
GRMN	A	0.82%	0.86%	0.82%
LLY	F	0.49%	1.72%	0.49%
LMT	D	1.19%	0.56%	0.56%
META	D	0.51%	2.51%	0.51%
MLM	B	0.89%	0.19%	0.19%
NVDA	C	0.42%	7.24%	0.42%
SPG	C	0.86%	0.25%	0.25%
T	A	1.09%	0.57%	0.57%
VICI	C	0.9%	0.18%	0.18%
VST	B	0.67%	0.43%	0.43%
VZ	B	0.9%	0.56%	0.56%
WSM	B	0.52%	0.63%	0.52%

ULVM Overweight 108 Positions Relative to FQAL

Symbol	Grade	Weight
KMI	B	1.47%
FI	A	1.39%
BRK.A	B	1.38%
L	B	1.3%
TRGP	B	1.28%
ETR	B	1.27%
WELL	C	1.22%
PEG	A	1.22%
BK	A	1.22%
WMT	B	1.2%
BSX	C	1.2%
DUK	C	1.18%
PKG	B	1.16%
GD	F	1.11%
APP	B	1.08%
LDOS	D	1.07%
WAB	B	1.03%
JPM	B	1.03%
RTX	D	1.02%
SSNC	A	1.01%
GDDY	B	1.0%
HIG	B	1.0%
FOXA	C	0.99%
MCK	C	0.96%
GS	B	0.96%
KR	A	0.96%
DGX	B	0.94%
WFC	A	0.94%
CTSH	B	0.93%
COF	B	0.92%
BAC	A	0.92%
AIG	B	0.91%
UAL	B	0.91%
NWSA	B	0.9%
EQH	B	0.9%
AXP	A	0.9%
DAL	B	0.89%
TSN	B	0.88%
CI	D	0.87%
EXC	D	0.86%
IBM	C	0.86%
LYB	F	0.85%
KIM	A	0.85%
RGA	A	0.85%
MSTR	C	0.84%
SYF	A	0.82%
C	A	0.82%
WY	D	0.82%
IR	A	0.81%
STLD	B	0.81%
EME	B	0.81%
APH	B	0.8%
KHC	D	0.8%
DOW	F	0.8%
IRM	C	0.78%
FITB	B	0.76%
CBRE	B	0.76%
NVR	D	0.75%
IP	B	0.75%
TFC	B	0.74%
TXT	D	0.74%
VTRS	B	0.73%
CSL	B	0.73%
FCNCA	B	0.72%
CASY	B	0.72%
KKR	B	0.72%
GM	B	0.72%
PSX	C	0.71%
OC	B	0.71%
ELV	F	0.69%
FANG	F	0.69%
REGN	F	0.68%
DD	D	0.67%
CRBG	B	0.67%
HCA	F	0.67%
CFG	B	0.66%
GE	D	0.66%
HWM	B	0.66%
PFE	D	0.65%
UTHR	C	0.64%
VLO	C	0.62%
KEY	A	0.62%
HPQ	B	0.6%
FDX	B	0.59%
NTAP	C	0.59%
CVS	D	0.58%
HPE	B	0.58%
PHM	C	0.58%
MPC	F	0.58%
VRT	B	0.56%
URI	B	0.55%
ARE	D	0.55%
CNC	F	0.54%
LEN	C	0.54%
TOL	A	0.53%
THC	D	0.52%
ALLY	C	0.48%
DHI	D	0.47%
F	C	0.46%
WDC	C	0.46%
ADM	F	0.44%
MU	D	0.4%
BLDR	C	0.4%
INTC	C	0.39%
CVNA	B	0.38%
SWKS	F	0.38%
DELL	C	0.34%
MRNA	F	0.14%

ULVM Underweight 107 Positions Relative to FQAL

Symbol	Grade	Weight
AAPL	B	-6.62%
MSFT	D	-6.3%
V	A	-1.61%
HD	A	-1.5%
MA	B	-1.48%
JNJ	D	-1.35%
BKNG	B	-1.21%
XOM	C	-1.16%
ABBV	D	-1.14%
MCD	D	-1.11%
BX	B	-1.05%
ACN	B	-1.05%
BMY	B	-1.02%
LOW	C	-1.02%
PGR	A	-1.0%
GILD	B	-1.0%
PG	A	-0.98%
ADBE	C	-0.97%
NFLX	B	-0.97%
FICO	B	-0.96%
PANW	C	-0.96%
AMP	B	-0.92%
SPGI	C	-0.92%
QCOM	F	-0.91%
VRTX	D	-0.86%
CME	A	-0.85%
ORLY	B	-0.84%
VEEV	B	-0.84%
CPAY	A	-0.82%
ZTS	D	-0.81%
EWBC	B	-0.78%
CAT	B	-0.77%
CFR	B	-0.77%
AMAT	F	-0.77%
MCO	A	-0.76%
MSCI	C	-0.75%
AZO	C	-0.75%
ABNB	C	-0.75%
JXN	B	-0.74%
YUM	B	-0.72%
ACGL	D	-0.71%
CBSH	B	-0.71%
DPZ	C	-0.69%
CVX	B	-0.68%
LRCX	F	-0.67%
IDXX	F	-0.67%
KO	D	-0.66%
KNSL	B	-0.65%
QLYS	C	-0.64%
ADP	B	-0.64%
KLAC	F	-0.64%
PM	B	-0.63%
UNP	C	-0.61%
MTD	F	-0.58%
MEDP	F	-0.57%
CTAS	B	-0.55%
GWW	A	-0.55%
ITW	A	-0.54%
FAST	B	-0.53%
AME	A	-0.52%
LIN	D	-0.52%
MMM	D	-0.5%
TDG	D	-0.49%
CSX	B	-0.49%
PAYX	B	-0.49%
CPRT	A	-0.48%
NEE	D	-0.47%
VRSK	A	-0.46%
OTIS	C	-0.45%
ODFL	B	-0.45%
MO	A	-0.44%
COP	D	-0.41%
TTD	B	-0.41%
MDLZ	F	-0.38%
CL	D	-0.36%
SO	D	-0.36%
CEG	D	-0.36%
WMB	B	-0.34%
EOG	C	-0.32%
MNST	B	-0.31%
KMB	C	-0.31%
TPL	B	-0.31%
PLD	D	-0.3%
SHW	A	-0.3%
LNG	B	-0.28%
NRG	C	-0.27%
AMT	D	-0.27%
WEC	A	-0.26%
HSY	F	-0.25%
FCX	F	-0.24%
ECL	D	-0.24%
PSA	C	-0.23%
O	D	-0.21%
NFG	B	-0.2%
AM	B	-0.19%
EXR	C	-0.19%
UGI	A	-0.19%
WHD	A	-0.18%
NUE	D	-0.18%
RS	B	-0.17%
EQR	B	-0.17%
CF	B	-0.17%
SBAC	D	-0.16%
EXP	B	-0.16%
RGLD	D	-0.15%
AVY	D	-0.15%
GLPI	B	-0.14%