ULVM vs. SPLV ETF Comparison

Comparison of VictoryShares USAA MSCI USA Value Momentum ETF (ULVM) to PowerShares S&P 500 Low Volatility Portfolio ETF (SPLV)

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

$75.56

Average Daily Volume

3,652

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

SPLV

PowerShares S&P 500 Low Volatility Portfolio ETF

SPLV Description

The PowerShares S&P 500 Low Volatility Portfolio (Fund) is based on the S&P 500 Low Volatility Index (Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's and consists of the 100 stocks from the S&P 500 Index with the lowest realized volatility over the past 12 months. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$66.13

Average Daily Volume

2,087,083

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ULVM	SPLV
30 Days	5.25%	5.44%
60 Days	3.39%	2.52%
90 Days	8.19%	4.77%
12 Months	23.72%	8.54%

18 Overlapping Holdings

Symbol	Grade	Weight in ULVM	Weight in SPLV	Overlap
AFL	A	0.96%	0.96%	0.96%
BRK.A	B	1.49%	1.32%	1.32%
BSX	A	0.99%	0.99%	0.99%
CBOE	C	0.97%	0.97%	0.97%
COST	B	1.18%	1.07%	1.07%
DGX	A	1.11%	1.02%	1.02%
DUK	A	1.17%	1.04%	1.04%
ED	B	1.13%	1.07%	1.07%
GD	A	1.1%	1.05%	1.05%
IBM	D	0.85%	0.88%	0.85%
JPM	A	1.3%	0.96%	0.96%
KHC	D	1.01%	1.05%	1.01%
KR	D	1.12%	1.16%	1.12%
L	B	1.39%	1.06%	1.06%
LH	D	1.04%	0.84%	0.84%
MCK	A	1.01%	0.93%	0.93%
TJX	B	1.18%	1.13%	1.13%
VICI	C	0.94%	0.9%	0.9%

ULVM Overweight 106 Positions Relative to SPLV

Symbol	Grade	Weight
VST	B	1.23%
WAB	A	1.18%
HIG	A	1.16%
AIG	A	1.14%
ETR	B	1.02%
AVB	B	0.99%
C	B	0.96%
LYB	D	0.96%
AXP	A	0.94%
BK	A	0.94%
TDG	C	0.93%
AMGN	B	0.91%
ESS	B	0.9%
PCAR	D	0.9%
TSN	B	0.89%
CPRT	D	0.89%
WELL	B	0.89%
IR	C	0.88%
MSFT	B	0.88%
EXPD	D	0.88%
EXC	C	0.87%
REGN	B	0.87%
FOXA	C	0.86%
CRBG	C	0.86%
HPQ	C	0.86%
SNA	D	0.86%
ETN	C	0.85%
PKG	C	0.85%
GE	C	0.85%
HCA	C	0.84%
GWW	D	0.84%
WFC	C	0.84%
FNF	B	0.83%
FANG	C	0.82%
GOOGL	A	0.82%
PFE	D	0.81%
SPG	C	0.81%
PSX	D	0.8%
IRM	B	0.8%
MU	B	0.79%
DD	A	0.78%
FDX	D	0.77%
NBIX	B	0.77%
CAH	F	0.77%
PH	D	0.76%
CTSH	F	0.76%
NWSA	C	0.76%
AKAM	F	0.75%
MPC	D	0.75%
GILD	F	0.74%
WLK	B	0.74%
VLO	D	0.74%
WY	F	0.74%
TXT	D	0.74%
FICO	A	0.73%
HPE	C	0.73%
SYF	C	0.73%
T	B	0.72%
VZ	C	0.72%
CE	D	0.72%
CNC	B	0.72%
NVR	D	0.72%
OC	C	0.72%
COF	C	0.72%
LII	B	0.71%
FCNCA	B	0.7%
KIM	C	0.68%
MRO	D	0.68%
MOH	F	0.66%
DELL	B	0.66%
GM	B	0.66%
DLR	C	0.65%
HST	D	0.65%
RS	D	0.65%
KKR	B	0.65%
LEN	B	0.64%
PHM	B	0.63%
RCL	B	0.63%
STLD	D	0.62%
NUE	D	0.62%
UHAL	C	0.62%
CBRE	C	0.61%
ADM	D	0.6%
VTRS	D	0.6%
CI	D	0.6%
DHI	D	0.59%
LLY	B	0.59%
AVGO	B	0.59%
GPN	F	0.58%
F	D	0.55%
CVS	F	0.53%
NVDA	C	0.51%
URI	C	0.51%
ARE	C	0.49%
VRT	C	0.48%
DECK	C	0.47%
MRNA	C	0.47%
META	D	0.47%
CRWD	C	0.45%
UBER	D	0.42%
WBA	F	0.4%
JBL	F	0.38%
BLDR	D	0.37%
INTC	F	0.34%
GEV	D	0.22%
SMCI	D	0.21%

ULVM Underweight 81 Positions Relative to SPLV

Symbol	Grade	Weight
KO	B	-1.43%
CL	B	-1.3%
RSG	D	-1.29%
WM	B	-1.27%
KMB	C	-1.27%
MCD	F	-1.23%
WMT	A	-1.23%
PEP	B	-1.23%
PG	A	-1.21%
V	B	-1.17%
K	C	-1.17%
YUM	B	-1.16%
APH	B	-1.15%
KMI	A	-1.14%
PEG	B	-1.13%
PM	B	-1.13%
SO	A	-1.11%
MMC	A	-1.11%
MA	D	-1.08%
ROP	C	-1.08%
CTAS	B	-1.06%
GIS	C	-1.06%
LMT	B	-1.05%
KDP	C	-1.05%
MO	A	-1.05%
MSI	A	-1.04%
WMB	A	-1.04%
STZ	D	-1.04%
HSY	C	-1.04%
JNJ	D	-1.04%
PPL	A	-1.04%
CHD	B	-1.03%
CAG	C	-1.03%
ATO	B	-1.03%
ECL	A	-1.02%
ICE	B	-1.02%
HON	B	-1.02%
AME	D	-1.01%
CME	C	-0.99%
CMS	A	-0.99%
DTE	A	-0.99%
TMUS	B	-0.98%
OTIS	C	-0.98%
AJG	A	-0.97%
LIN	D	-0.97%
SRE	A	-0.97%
FE	B	-0.96%
MDLZ	C	-0.96%
MRK	B	-0.96%
CNP	B	-0.96%
WEC	C	-0.95%
BRO	A	-0.94%
LNT	B	-0.94%
HOLX	D	-0.93%
O	C	-0.92%
CB	A	-0.9%
BR	C	-0.89%
VRSK	A	-0.89%
DRI	F	-0.88%
BDX	F	-0.87%
SYY	D	-0.87%
ITW	D	-0.86%
IEX	D	-0.86%
MCO	A	-0.86%
ADP	B	-0.86%
XEL	D	-0.85%
PTC	C	-0.85%
AON	F	-0.84%
ORLY	D	-0.84%
AAPL	C	-0.84%
CSCO	F	-0.83%
ABBV	D	-0.83%
CSX	D	-0.82%
ABT	F	-0.82%
BMY	F	-0.82%
LKQ	F	-0.8%
VRSN	F	-0.79%
FDS	C	-0.79%
EA	F	-0.79%
SJM	F	-0.76%
GL	F	-0.7%