ULVM vs. FREL ETF Comparison

Comparison of VictoryShares USAA MSCI USA Value Momentum ETF (ULVM) to Fidelity MSCI Real Estate Index ETF (FREL)

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

$80.56

Average Daily Volume

532

Number of Holdings ^*

122

* may have additional holdings in another (foreign) market

FREL

Fidelity MSCI Real Estate Index ETF

FREL Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Real Estate Index. The fund invests at least 80% of assets in securities included in the fund&#39;s underlying index. The fund&#39;s underlying index is the MSCI USA IMI Real Estate Index, which represents the performance of the real estate sector in the U.S. equity market. The fund may or may not hold all of the securities in the MSCI USA IMI Real Estate Index.

Grade (RS Rating)

Last Trade

$29.26

Average Daily Volume

172,991

Number of Holdings ^*

138

* may have additional holdings in another (foreign) market

Performance

Period	ULVM	FREL
30 Days	2.45%	3.11%
60 Days	4.46%	8.38%
90 Days	7.90%	16.34%
12 Months	32.37%	33.52%

11 Overlapping Holdings

Symbol	Grade	Weight in ULVM	Weight in FREL	Overlap
ARE	C	0.54%	1.24%	0.54%
AVB	C	1.08%	2.1%	1.08%
CBRE	B	0.94%	2.33%	0.94%
DLR	B	0.74%	3.23%	0.74%
ESS	C	0.98%	1.28%	0.98%
HST	D	0.82%	0.78%	0.78%
IRM	C	1.12%	2.21%	1.12%
KIM	C	0.84%	1.03%	0.84%
SPG	B	0.89%	3.42%	0.89%
VICI	C	1.04%	2.25%	1.04%
WY	C	0.92%	1.5%	0.92%

ULVM Overweight 111 Positions Relative to FREL

Symbol	Grade	Weight
BRK.A	C	1.7%
L	D	1.36%
BK	B	1.3%
REGN	D	1.29%
HIG	B	1.28%
DUK	B	1.26%
SSNC	C	1.26%
ED	B	1.16%
CTSH	B	1.13%
ETR	A	1.12%
PKG	B	1.12%
JPM	D	1.11%
COST	C	1.07%
IBM	B	1.06%
GD	C	1.05%
DGX	B	1.05%
BSX	B	1.05%
ELV	D	1.04%
T	B	1.02%
LDOS	A	1.02%
APH	C	1.02%
FOXA	B	1.01%
AIG	D	0.99%
LYB	D	0.98%
MCK	F	0.96%
CAH	C	0.96%
NVR	B	0.95%
WAB	B	0.95%
HCA	B	0.94%
AXP	B	0.93%
KR	B	0.93%
KHC	C	0.92%
GS	B	0.92%
PH	B	0.91%
FNF	B	0.9%
CPRT	D	0.89%
TDG	B	0.89%
TSN	D	0.88%
EXC	B	0.87%
IR	B	0.86%
CNC	D	0.86%
FDX	D	0.85%
VZ	A	0.85%
AKAM	D	0.85%
NWSA	D	0.84%
C	C	0.83%
GDDY	C	0.83%
TXT	D	0.82%
CMG	D	0.81%
KKR	B	0.8%
PCAR	D	0.8%
GE	C	0.78%
DHI	C	0.78%
MLM	D	0.78%
COF	B	0.78%
VTRS	D	0.78%
BAC	D	0.78%
GPN	D	0.77%
WFC	D	0.77%
CSL	B	0.75%
ETN	C	0.75%
PHM	B	0.75%
SYF	C	0.74%
UHAL	B	0.73%
PFE	D	0.73%
LLY	D	0.73%
LEN	B	0.72%
FANG	F	0.7%
PSX	F	0.7%
FCNCA	D	0.7%
GM	C	0.68%
FITB	B	0.68%
CI	C	0.67%
RCL	B	0.67%
CFG	D	0.64%
AVGO	C	0.64%
WLK	C	0.63%
DPZ	D	0.62%
MPC	F	0.62%
OC	C	0.61%
CRBG	C	0.61%
UBER	C	0.61%
SWKS	F	0.61%
HPE	C	0.61%
GOOGL	D	0.6%
STLD	C	0.6%
KEY	C	0.6%
HPQ	C	0.6%
CVS	D	0.59%
CE	D	0.59%
NUE	D	0.59%
URI	B	0.59%
DAL	C	0.58%
VLO	F	0.58%
META	B	0.57%
EXPE	C	0.52%
ADM	D	0.5%
BLDR	C	0.5%
F	F	0.49%
WDC	C	0.46%
VST	B	0.46%
UAL	B	0.45%
NVDA	C	0.43%
CRWD	D	0.4%
JBL	C	0.38%
VRT	C	0.35%
MU	D	0.34%
INTC	D	0.32%
DELL	C	0.27%
MRNA	F	0.16%
SMCI	F	0.13%

ULVM Underweight 127 Positions Relative to FREL

Symbol	Grade	Weight
PLD	C	-7.6%
AMT	C	-7.12%
EQIX	B	-5.28%
WELL	C	-4.64%
PSA	C	-3.64%
O	B	-3.43%
CCI	C	-3.31%
EXR	C	-2.39%
CSGP	D	-2.03%
SBAC	C	-1.68%
EQR	C	-1.68%
VTR	C	-1.66%
INVH	D	-1.43%
MAA	C	-1.23%
SUI	C	-1.15%
DOC	B	-1.01%
UDR	C	-0.93%
GLPI	C	-0.9%
WPC	C	-0.89%
CPT	C	-0.85%
AMH	D	-0.85%
ELS	D	-0.84%
REG	C	-0.83%
CUBE	C	-0.78%
JLL	B	-0.78%
BXP	C	-0.77%
LAMR	B	-0.74%
REXR	C	-0.72%
Z	C	-0.63%
OHI	C	-0.63%
EGP	C	-0.59%
NNN	B	-0.56%
FRT	C	-0.55%
BRX	C	-0.54%
COLD	D	-0.5%
ADC	C	-0.49%
FR	C	-0.48%
STAG	D	-0.47%
TRNO	D	-0.43%
VNO	B	-0.39%
KRG	C	-0.38%
RHP	C	-0.37%
EPRT	B	-0.36%
PECO	C	-0.3%
IRT	C	-0.3%
CUZ	C	-0.29%
SLG	C	-0.29%
RYN	C	-0.28%
SBRA	C	-0.28%
KRC	C	-0.27%
CTRE	C	-0.27%
MAC	B	-0.24%
NHI	C	-0.24%
EPR	C	-0.24%
MPW	C	-0.24%
PCH	C	-0.23%
HIW	C	-0.23%
NSA	C	-0.23%
APLE	C	-0.22%
BNL	B	-0.22%
SKT	B	-0.22%
LXP	C	-0.2%
PK	D	-0.19%
DEI	B	-0.18%
FCPT	C	-0.18%
UE	C	-0.17%
DBRG	D	-0.16%
OUT	B	-0.16%
AKR	B	-0.16%
COMP	C	-0.16%
HHH	C	-0.15%
EQC	D	-0.14%
JOE	D	-0.14%
NMRK	B	-0.14%
CWK	B	-0.14%
SHO	C	-0.13%
ROIC	C	-0.13%
IVT	D	-0.13%
GNL	D	-0.12%
DRH	C	-0.12%
RDFN	D	-0.11%
LTC	C	-0.11%
GTY	C	-0.11%
JBGS	C	-0.1%
ESRT	C	-0.1%
PEB	D	-0.1%
UMH	C	-0.09%
RLJ	D	-0.09%
ALEX	C	-0.09%
OPEN	F	-0.09%
XHR	B	-0.09%
EXPI	C	-0.08%
KW	C	-0.08%
UNIT	C	-0.08%
PDM	C	-0.08%
NTST	D	-0.08%
DEA	D	-0.08%
AAT	C	-0.08%
PLYM	D	-0.07%
CSR	D	-0.07%
MMI	C	-0.07%
NXRT	D	-0.07%
AIV	C	-0.07%
BDN	C	-0.06%
WSR	D	-0.05%
GOOD	B	-0.05%
FOR	D	-0.05%
SVC	F	-0.05%
AHH	D	-0.05%
PGRE	D	-0.05%
UHT	C	-0.04%
ALX	B	-0.04%
OLP	C	-0.04%
DHC	C	-0.04%
HPP	F	-0.04%
INN	B	-0.04%
GMRE	C	-0.04%
FRPH	C	-0.03%
CLDT	D	-0.03%
LAND	D	-0.03%
FPI	D	-0.03%
BFS	B	-0.03%
CHCT	F	-0.03%
PKST	D	-0.03%
CBL	D	-0.02%
TRC	C	-0.02%
RMR	C	-0.02%