ULVM vs. TVAL ETF Comparison

Comparison of VictoryShares USAA MSCI USA Value Momentum ETF (ULVM) to T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL)

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

$86.63

Average Daily Volume

2,586

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

TVAL

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF

TVAL Description

The fund will invest primarily in U.S. equity securities. In taking a value approach to investment selection, the adviser seeks to identify companies that appear to be undervalued by various measures, and may be temporarily out of favor, but have good prospects for capital appreciation. Some of the principal measures used to identify such stocks are: price/earnings ratio, price/book value ratio, price/sales ratio, dividend yield, price/cash flow, undervalued assets, and restructuring opportunities. The fund may purchase the stocks of companies of any size, but typically focuses on larger companies.

Grade (RS Rating)

Last Trade

$33.11

Average Daily Volume

13,066

Number of Holdings ^*

144

* may have additional holdings in another (foreign) market

Performance

Period	ULVM	TVAL
30 Days	6.04%	2.98%
60 Days	7.87%	4.22%
90 Days	10.00%	5.88%
12 Months	37.10%	29.14%

34 Overlapping Holdings

Symbol	Grade	Weight in ULVM	Weight in TVAL	Overlap
AIG	B	0.91%	0.87%	0.87%
AVB	B	0.98%	1.22%	0.98%
AXP	A	0.9%	0.26%	0.26%
BAC	A	0.92%	1.89%	0.92%
C	A	0.82%	0.81%	0.81%
CI	F	0.87%	0.87%	0.87%
COF	B	0.92%	0.33%	0.33%
CVS	D	0.58%	0.23%	0.23%
ELV	F	0.69%	1.81%	0.69%
EQH	B	0.9%	1.0%	0.9%
FANG	D	0.69%	0.43%	0.43%
FI	A	1.39%	1.53%	1.39%
FITB	A	0.76%	0.77%	0.76%
GE	D	0.66%	1.21%	0.66%
HCA	F	0.67%	0.45%	0.45%
HIG	B	1.0%	1.96%	1.0%
HWM	A	0.66%	0.48%	0.48%
IP	B	0.75%	0.64%	0.64%
JPM	A	1.03%	1.23%	1.03%
LEN	D	0.54%	0.42%	0.42%
LLY	F	0.49%	1.19%	0.49%
MCK	B	0.96%	0.8%	0.8%
META	D	0.51%	0.87%	0.51%
MU	D	0.4%	0.45%	0.4%
NWSA	B	0.9%	0.75%	0.75%
REGN	F	0.68%	0.42%	0.42%
STLD	B	0.81%	0.32%	0.32%
UAL	A	0.91%	0.31%	0.31%
VST	B	0.67%	0.74%	0.67%
VZ	C	0.9%	0.58%	0.58%
WDC	D	0.46%	0.6%	0.46%
WFC	A	0.94%	1.77%	0.94%
WMT	A	1.2%	1.89%	1.2%
WY	D	0.82%	0.88%	0.82%

ULVM Overweight 91 Positions Relative to TVAL

Symbol	Grade	Weight
KMI	A	1.47%
BRK.A	B	1.38%
L	A	1.3%
TRGP	B	1.28%
ETR	B	1.27%
WELL	A	1.22%
PEG	A	1.22%
BK	A	1.22%
BSX	B	1.2%
LMT	D	1.19%
DUK	C	1.18%
PKG	A	1.16%
GD	F	1.11%
T	A	1.09%
APP	B	1.08%
LDOS	C	1.07%
WAB	B	1.03%
RTX	C	1.02%
SSNC	B	1.01%
GDDY	A	1.0%
FOXA	B	0.99%
GS	A	0.96%
KR	B	0.96%
COST	B	0.95%
DGX	A	0.94%
CTSH	B	0.93%
VICI	C	0.9%
DAL	C	0.89%
MLM	B	0.89%
TSN	B	0.88%
ESS	B	0.87%
EXC	C	0.86%
IBM	C	0.86%
SPG	B	0.86%
LYB	F	0.85%
KIM	A	0.85%
RGA	A	0.85%
MSTR	C	0.84%
GRMN	B	0.82%
SYF	B	0.82%
IR	B	0.81%
EME	C	0.81%
APH	A	0.8%
KHC	F	0.8%
DOW	F	0.8%
IRM	D	0.78%
CBRE	B	0.76%
NVR	D	0.75%
TFC	A	0.74%
TXT	D	0.74%
GOOGL	C	0.74%
VTRS	A	0.73%
CSL	C	0.73%
FCNCA	A	0.72%
CASY	A	0.72%
KKR	A	0.72%
GM	B	0.72%
PSX	C	0.71%
OC	A	0.71%
DD	D	0.67%
CRBG	B	0.67%
CFG	B	0.66%
PFE	D	0.65%
UTHR	C	0.64%
VLO	C	0.62%
KEY	B	0.62%
HPQ	B	0.6%
FDX	B	0.59%
NTAP	C	0.59%
HPE	B	0.58%
PHM	D	0.58%
MPC	D	0.58%
VRT	B	0.56%
URI	B	0.55%
ARE	D	0.55%
CNC	D	0.54%
TOL	B	0.53%
THC	D	0.52%
WSM	B	0.52%
ALLY	C	0.48%
DHI	D	0.47%
F	C	0.46%
ADM	D	0.44%
NVDA	C	0.42%
AVGO	D	0.41%
BLDR	D	0.4%
INTC	D	0.39%
CVNA	B	0.38%
SWKS	F	0.38%
DELL	C	0.34%
MRNA	F	0.14%

ULVM Underweight 110 Positions Relative to TVAL

Symbol	Grade	Weight
XOM	B	-2.56%
CB	C	-2.23%
UNH	C	-1.9%
JNJ	D	-1.82%
SO	D	-1.67%
KVUE	A	-1.49%
PM	B	-1.41%
LHX	C	-1.36%
COP	C	-1.25%
TMO	F	-1.12%
SWK	D	-1.1%
CMI	A	-1.09%
QCOM	F	-1.08%
BDX	F	-1.01%
GOOG	C	-0.95%
SCHW	B	-0.89%
TMUS	B	-0.88%
ZBH	C	-0.85%
CL	D	-0.84%
EOG	A	-0.82%
MRK	F	-0.8%
NSC	B	-0.74%
CVX	A	-0.73%
LIN	D	-0.73%
KO	D	-0.72%
PG	A	-0.72%
TXN	C	-0.7%
HUBB	B	-0.7%
ACN	C	-0.7%
GEV	B	-0.7%
TTE	F	-0.7%
HON	B	-0.68%
SRE	A	-0.68%
MMC	B	-0.67%
KMB	D	-0.66%
MSFT	F	-0.65%
AEE	A	-0.65%
DHR	F	-0.65%
HD	A	-0.63%
RSG	A	-0.62%
NEE	D	-0.59%
USB	A	-0.56%
BA	F	-0.56%
MS	A	-0.56%
D	C	-0.55%
AZO	C	-0.52%
RPM	A	-0.52%
ROK	B	-0.52%
CF	B	-0.52%
BAX	D	-0.5%
CSX	B	-0.49%
REXR	F	-0.48%
PGR	A	-0.48%
AZN	D	-0.47%
MAR	B	-0.47%
WMB	A	-0.46%
CMCSA	B	-0.46%
EQT	B	-0.46%
MCD	D	-0.46%
APO	B	-0.46%
TDG	D	-0.46%
HBAN	A	-0.45%
ARES	A	-0.45%
PSA	D	-0.44%
BLK	C	-0.43%
MDLZ	F	-0.43%
UNP	C	-0.42%
CPAY	A	-0.42%
LVS	C	-0.41%
LAMR	D	-0.4%
KDP	D	-0.4%
CAG	D	-0.4%
TSM	B	-0.39%
ALL	A	-0.39%
AMAT	F	-0.38%
ABBV	D	-0.36%
YUM	B	-0.36%
BKR	B	-0.35%
KEYS	A	-0.35%
ADI	D	-0.35%
PLD	D	-0.34%
MSI	B	-0.34%
EFX	F	-0.33%
A	D	-0.33%
TT	A	-0.31%
AME	A	-0.31%
OTIS	C	-0.3%
CAT	B	-0.3%
VRTX	F	-0.29%
ROP	B	-0.29%
TJX	A	-0.29%
MOH	F	-0.28%
UPS	C	-0.28%
CARR	D	-0.27%
MCHP	D	-0.27%
SPGI	C	-0.26%
CDW	F	-0.25%
MGM	D	-0.24%
ZTS	D	-0.23%
CME	A	-0.23%
HAL	C	-0.22%
VMC	B	-0.22%
AMD	F	-0.22%
MET	A	-0.22%
BHP	F	-0.2%
DIS	B	-0.2%
AVY	D	-0.19%
SNY	F	-0.19%
DTE	C	-0.17%
EQIX	A	-0.16%