ULVM vs. USMV ETF Comparison

Comparison of VictoryShares USAA MSCI USA Value Momentum ETF (ULVM) to iShares MSCI USA Minimum Volatility ETF (USMV)

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

USMV

iShares MSCI USA Minimum Volatility ETF

USMV Description

The investment seeks the investment results of an index composed of U.S. equities that, in the aggregate, have lower volatility characteristics relative to the broader U.S. equity market. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. The underlying index follows a rules-based methodology to determine weights for securities in the index that seeks to minimize total risk of the MSCI USA Index. Components primarily include consumer staples, healthcare and information technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$91.07

Average Daily Volume

2,239,373

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	ULVM	USMV
30 Days	2.45%	1.20%
60 Days	4.46%	5.77%
90 Days	7.90%	9.04%
12 Months	32.37%	27.40%

36 Overlapping Holdings

Symbol	Grade	Weight in ULVM	Weight in USMV	Overlap
AKAM	D	0.85%	0.46%	0.46%
APH	C	1.02%	1.34%	1.02%
AVGO	C	0.64%	1.26%	0.64%
BRK.A	C	1.7%	1.51%	1.51%
CI	C	0.67%	0.23%	0.23%
CRWD	D	0.4%	0.16%	0.16%
CTSH	B	1.13%	0.76%	0.76%
CVS	D	0.59%	0.05%	0.05%
DELL	C	0.27%	0.1%	0.1%
DGX	B	1.05%	0.1%	0.1%
DPZ	D	0.62%	0.18%	0.18%
DUK	B	1.26%	1.53%	1.26%
ED	B	1.16%	1.2%	1.16%
ELV	D	1.04%	0.69%	0.69%
FANG	F	0.7%	0.57%	0.57%
FCNCA	D	0.7%	0.74%	0.7%
GD	C	1.05%	0.06%	0.06%
GDDY	C	0.83%	0.84%	0.83%
HIG	B	1.28%	0.12%	0.12%
IBM	B	1.06%	1.75%	1.06%
KHC	C	0.92%	0.43%	0.43%
KR	B	0.93%	0.59%	0.59%
L	D	1.36%	0.27%	0.27%
LLY	D	0.73%	1.58%	0.73%
MCK	F	0.96%	1.06%	0.96%
MPC	F	0.62%	0.56%	0.56%
NVDA	C	0.43%	0.55%	0.43%
PFE	D	0.73%	0.24%	0.24%
PKG	B	1.12%	0.18%	0.18%
PSX	F	0.7%	0.06%	0.06%
REGN	D	1.29%	0.83%	0.83%
T	B	1.02%	0.71%	0.71%
TSN	D	0.88%	0.68%	0.68%
UBER	C	0.61%	0.5%	0.5%
VLO	F	0.58%	0.05%	0.05%
VZ	A	0.85%	1.44%	0.85%

ULVM Overweight 86 Positions Relative to USMV

Symbol	Grade	Weight
BK	B	1.3%
SSNC	C	1.26%
ETR	A	1.12%
IRM	C	1.12%
JPM	D	1.11%
AVB	C	1.08%
COST	C	1.07%
BSX	B	1.05%
VICI	C	1.04%
LDOS	A	1.02%
FOXA	B	1.01%
AIG	D	0.99%
ESS	C	0.98%
LYB	D	0.98%
CAH	C	0.96%
NVR	B	0.95%
WAB	B	0.95%
HCA	B	0.94%
CBRE	B	0.94%
AXP	B	0.93%
WY	C	0.92%
GS	B	0.92%
PH	B	0.91%
FNF	B	0.9%
CPRT	D	0.89%
TDG	B	0.89%
SPG	B	0.89%
EXC	B	0.87%
IR	B	0.86%
CNC	D	0.86%
FDX	D	0.85%
KIM	C	0.84%
NWSA	D	0.84%
C	C	0.83%
HST	D	0.82%
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%
DLR	B	0.74%
SYF	C	0.74%
UHAL	B	0.73%
LEN	B	0.72%
GM	C	0.68%
FITB	B	0.68%
RCL	B	0.67%
CFG	D	0.64%
WLK	C	0.63%
OC	C	0.61%
CRBG	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%
CE	D	0.59%
NUE	D	0.59%
URI	B	0.59%
DAL	C	0.58%
META	B	0.57%
ARE	C	0.54%
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%
JBL	C	0.38%
VRT	C	0.35%
MU	D	0.34%
INTC	D	0.32%
MRNA	F	0.16%
SMCI	F	0.13%

ULVM Underweight 134 Positions Relative to USMV

Symbol	Grade	Weight
TMUS	B	-1.69%
PGR	C	-1.68%
MSI	B	-1.67%
WMT	B	-1.66%
NOC	B	-1.54%
RSG	D	-1.5%
CB	B	-1.5%
WCN	D	-1.49%
TXN	B	-1.42%
MSFT	C	-1.38%
SO	B	-1.38%
WM	D	-1.37%
CSCO	B	-1.35%
UNH	C	-1.34%
ROP	C	-1.31%
MCD	B	-1.29%
JNJ	C	-1.26%
PG	C	-1.25%
ACN	C	-1.24%
MRK	F	-1.21%
ABBV	B	-1.21%
AJG	D	-1.21%
ORCL	B	-1.15%
MMC	C	-1.12%
PEP	D	-1.1%
TRV	C	-1.05%
AAPL	C	-0.99%
AZO	B	-0.96%
LMT	A	-0.9%
GILD	B	-0.9%
CBOE	C	-0.86%
K	A	-0.81%
ACGL	B	-0.81%
V	C	-0.78%
GIS	B	-0.77%
EA	D	-0.76%
WEC	B	-0.74%
VRTX	D	-0.71%
KDP	B	-0.71%
AMGN	D	-0.7%
NOW	C	-0.68%
MA	B	-0.66%
VRSN	C	-0.66%
ORLY	B	-0.64%
COR	F	-0.62%
BDX	D	-0.6%
NEM	C	-0.6%
FI	B	-0.57%
KEYS	B	-0.56%
ERIE	B	-0.54%
TDY	B	-0.53%
FFIV	B	-0.52%
CME	B	-0.51%
YUM	B	-0.51%
MDLZ	C	-0.51%
JNPR	A	-0.5%
FICO	B	-0.5%
PTC	C	-0.49%
AON	B	-0.49%
INCY	C	-0.48%
CDW	D	-0.46%
CL	C	-0.46%
BAH	B	-0.45%
XOM	D	-0.45%
EG	B	-0.45%
HUM	F	-0.45%
TJX	C	-0.44%
XEL	B	-0.43%
BMY	C	-0.43%
AEP	C	-0.41%
WDAY	D	-0.41%
VRSK	D	-0.4%
CPB	C	-0.38%
CMCSA	C	-0.38%
CHD	C	-0.37%
ROL	C	-0.37%
CTVA	B	-0.37%
WTW	B	-0.35%
HSY	D	-0.34%
IT	C	-0.34%
AFG	C	-0.34%
GEN	A	-0.33%
NBIX	F	-0.32%
MKL	C	-0.32%
CVX	F	-0.31%
GLW	B	-0.3%
FWONK	C	-0.3%
ICE	C	-0.29%
AIZ	B	-0.29%
WRB	D	-0.29%
HD	B	-0.29%
ANET	C	-0.29%
GRMN	D	-0.28%
ADI	C	-0.25%
BMRN	F	-0.25%
ALNY	C	-0.25%
WMB	C	-0.24%
AEE	B	-0.23%
D	C	-0.23%
HRL	F	-0.22%
KMB	C	-0.22%
NTAP	D	-0.22%
MOH	D	-0.22%
AZPN	B	-0.22%
HON	C	-0.22%
MELI	C	-0.2%
CMS	B	-0.2%
DTE	A	-0.2%
HUBS	D	-0.19%
LIN	B	-0.18%
TW	B	-0.18%
STX	B	-0.18%
HOLX	D	-0.17%
SNPS	F	-0.17%
CDNS	D	-0.16%
EOG	D	-0.16%
GOOG	D	-0.15%
UTHR	B	-0.14%
MDT	B	-0.14%
AMZN	C	-0.13%
OXY	F	-0.13%
KO	B	-0.11%
LNT	A	-0.1%
RTX	B	-0.09%
ABT	C	-0.09%
FSLR	C	-0.08%
ADP	C	-0.08%
TEL	D	-0.07%
KNX	C	-0.06%
OTIS	B	-0.06%
BR	C	-0.05%
ULTA	D	-0.05%
ATO	B	-0.05%
CRM	C	-0.04%