USVM vs. FNY ETF Comparison

Comparison of VictoryShares USAA MSCI USA Small Cap Value Momentum ETF (USVM) to First Trust Mid Cap Growth AlphaDEX (FNY)

USVM

VictoryShares USAA MSCI USA Small Cap Value Momentum ETF

USVM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the MSCI USA Small Cap 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 small-capitalization U.S. issuers within the MSCI USA Small Cap 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

$91.12

Average Daily Volume

7,002

Number of Holdings ^*

278

* may have additional holdings in another (foreign) market

FNY

First Trust Mid Cap Growth AlphaDEX

FNY Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Mid Cap Growth Index (the "index"). The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P MidCap 400(R) Growth Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$87.32

Average Daily Volume

13,952

Number of Holdings ^*

214

* may have additional holdings in another (foreign) market

Performance

Period	USVM	FNY
30 Days	8.14%	9.26%
60 Days	7.88%	10.03%
90 Days	9.06%	12.45%
12 Months	39.19%	43.71%

60 Overlapping Holdings

Symbol	Grade	Weight in USVM	Weight in FNY	Overlap
ACIW	B	0.45%	0.76%	0.45%
ALSN	B	0.49%	0.87%	0.49%
ANF	C	0.18%	0.58%	0.18%
AWI	A	0.51%	0.49%	0.49%
BCO	D	0.38%	0.56%	0.38%
BOOT	D	0.24%	0.57%	0.24%
CACI	D	0.69%	0.63%	0.63%
CLH	B	0.47%	0.43%	0.43%
CLSK	C	0.19%	0.2%	0.19%
CNM	D	0.26%	0.14%	0.14%
COHR	B	0.25%	0.76%	0.25%
COKE	C	0.29%	0.65%	0.29%
CORT	B	0.3%	0.81%	0.3%
CRNX	C	0.23%	0.15%	0.15%
CRS	A	0.32%	0.8%	0.32%
CRUS	D	0.19%	0.35%	0.19%
CSWI	A	0.49%	0.79%	0.49%
CTRE	D	0.6%	0.28%	0.28%
CVLT	B	0.32%	0.76%	0.32%
CW	B	0.66%	0.76%	0.66%
DKS	C	0.22%	0.41%	0.22%
DTM	B	0.8%	0.37%	0.37%
DVA	B	0.4%	0.68%	0.4%
DY	D	0.36%	0.7%	0.36%
EHC	B	0.58%	0.58%	0.58%
ELAN	D	0.2%	0.13%	0.13%
ENSG	D	0.5%	0.71%	0.5%
ESAB	B	0.52%	0.33%	0.33%
EXEL	B	0.52%	0.75%	0.52%
FFIV	B	0.51%	0.46%	0.46%
FIX	A	0.31%	0.82%	0.31%
FSS	B	0.38%	0.55%	0.38%
GAP	C	0.19%	0.27%	0.19%
GKOS	B	0.26%	0.3%	0.26%
GWRE	A	0.45%	0.6%	0.45%
H	B	0.44%	0.14%	0.14%
HALO	F	0.29%	0.42%	0.29%
HIMS	B	0.25%	0.65%	0.25%
HRB	D	0.34%	0.54%	0.34%
INSM	C	0.13%	0.39%	0.13%
ITGR	B	0.4%	0.59%	0.4%
KEX	C	0.42%	0.59%	0.42%
MEDP	D	0.27%	0.13%	0.13%
MOD	A	0.2%	0.67%	0.2%
MOG.A	B	0.41%	0.76%	0.41%
NTRA	B	0.35%	0.86%	0.35%
PI	D	0.2%	0.46%	0.2%
PIPR	B	0.46%	0.84%	0.46%
PSN	D	0.42%	0.64%	0.42%
QTWO	A	0.37%	0.86%	0.37%
RDNT	B	0.34%	0.81%	0.34%
RL	B	0.39%	0.61%	0.39%
RNA	D	0.16%	0.38%	0.16%
SBRA	C	0.56%	0.41%	0.41%
SFM	A	0.45%	0.91%	0.45%
SLG	B	0.3%	0.62%	0.3%
TXRH	C	0.53%	0.63%	0.53%
VRNS	D	0.29%	0.37%	0.29%
WING	D	0.27%	0.33%	0.27%
ZETA	D	0.14%	0.46%	0.14%

USVM Overweight 218 Positions Relative to FNY

Symbol	Grade	Weight
UNM	A	0.78%
INGR	B	0.69%
SF	B	0.66%
KBR	F	0.62%
CNX	A	0.59%
GVA	A	0.59%
ORI	A	0.59%
TAP	C	0.56%
NFG	A	0.56%
JEF	A	0.56%
INVA	D	0.56%
PINC	B	0.54%
AXS	A	0.54%
POST	C	0.54%
AKR	B	0.53%
CALM	A	0.52%
NHI	D	0.51%
TGNA	B	0.51%
PBH	A	0.5%
EVR	B	0.5%
AGO	B	0.49%
GEF	A	0.49%
GHC	C	0.48%
CNO	A	0.48%
SNDR	B	0.48%
MLI	C	0.47%
GNW	A	0.46%
GEO	B	0.46%
MTG	C	0.46%
SWX	B	0.46%
LRN	A	0.46%
R	B	0.45%
SNX	C	0.45%
ASB	B	0.45%
AVT	C	0.45%
SKYW	B	0.45%
ESNT	D	0.45%
MATX	C	0.45%
GPOR	B	0.44%
CMC	B	0.44%
MUSA	A	0.44%
GBX	A	0.44%
KFY	B	0.43%
PRIM	A	0.43%
PLXS	B	0.43%
COOP	B	0.43%
ENVA	B	0.42%
BPOP	B	0.42%
GMS	B	0.42%
VCTR	B	0.42%
HNI	B	0.42%
STC	B	0.41%
CUZ	B	0.41%
ARW	D	0.41%
CXW	B	0.41%
RDN	C	0.41%
SEB	F	0.41%
RUSHA	C	0.4%
MCY	A	0.4%
PR	B	0.4%
ROAD	A	0.4%
VSTO	A	0.4%
WT	B	0.39%
OVV	B	0.39%
WKC	D	0.39%
BTU	B	0.39%
CHRD	D	0.39%
MDU	D	0.39%
GPI	A	0.38%
AROC	B	0.38%
MTSI	B	0.37%
BIO	D	0.37%
ESRT	C	0.37%
CNK	B	0.37%
UHS	D	0.36%
PATK	D	0.36%
SPB	C	0.36%
PK	B	0.36%
AL	B	0.36%
ENOV	C	0.36%
BHF	B	0.36%
WTTR	B	0.36%
UVV	B	0.36%
TTMI	B	0.36%
FYBR	D	0.35%
LMAT	A	0.35%
IVZ	B	0.35%
JXN	C	0.35%
NAVI	C	0.35%
JLL	D	0.35%
ADUS	D	0.35%
PHIN	A	0.34%
TMHC	B	0.34%
LNC	B	0.34%
MOS	F	0.33%
WGO	C	0.33%
HIW	D	0.33%
LPX	B	0.33%
ABG	B	0.33%
DEI	B	0.33%
ALKT	B	0.33%
REZI	A	0.33%
KRC	C	0.33%
AMWD	C	0.33%
GIII	D	0.32%
SEM	B	0.32%
NXST	C	0.32%
UGI	A	0.32%
JBGS	D	0.32%
UAA	C	0.32%
ANDE	D	0.32%
NMRK	B	0.32%
STRL	B	0.32%
CWEN	C	0.32%
VIRT	B	0.32%
PEB	D	0.32%
ARI	C	0.32%
TPH	D	0.31%
DDS	B	0.31%
PRDO	B	0.31%
AZZ	B	0.31%
AN	C	0.31%
LZB	B	0.31%
ATGE	B	0.31%
IIPR	D	0.31%
MAC	B	0.31%
CRL	C	0.31%
CIVI	D	0.3%
SOLV	C	0.3%
INSW	F	0.3%
NTCT	C	0.3%
ADTN	A	0.3%
IAC	D	0.29%
SCS	C	0.29%
BCC	B	0.29%
SAH	A	0.29%
PRGO	B	0.29%
VSH	D	0.29%
NATL	B	0.28%
LGND	B	0.28%
BHE	B	0.28%
KBH	D	0.28%
PVH	C	0.28%
SM	B	0.28%
VTLE	C	0.27%
IESC	B	0.27%
GT	C	0.27%
AZTA	D	0.27%
VERX	B	0.27%
GRBK	D	0.27%
CUBI	C	0.27%
DXC	B	0.27%
PLUS	F	0.26%
VYX	B	0.26%
NSIT	F	0.26%
POWL	C	0.26%
AMRX	C	0.26%
AEO	F	0.26%
SANM	B	0.26%
CLF	F	0.26%
LEVI	F	0.25%
MTH	D	0.25%
HCC	B	0.25%
MHO	D	0.25%
SLVM	B	0.25%
MHK	D	0.24%
BFH	B	0.24%
PBF	D	0.24%
CAL	D	0.23%
LUMN	C	0.23%
M	D	0.23%
CAR	C	0.23%
CCS	D	0.23%
BMBL	C	0.23%
ADMA	B	0.22%
JBLU	F	0.22%
UCTT	D	0.22%
TDS	B	0.22%
LBPH	A	0.22%
UFPT	B	0.21%
REVG	B	0.21%
MODG	F	0.21%
MSGE	F	0.21%
GES	F	0.21%
VIR	D	0.2%
FTRE	D	0.2%
COLL	F	0.2%
BKD	D	0.2%
USM	B	0.2%
VITL	D	0.19%
KSS	F	0.19%
AMR	C	0.19%
LPG	F	0.19%
PLAB	C	0.19%
VECO	F	0.19%
HTZ	C	0.18%
OGN	D	0.18%
XRX	F	0.18%
VSTS	C	0.17%
FORM	D	0.17%
AMKR	D	0.17%
SOUN	C	0.17%
SATS	D	0.17%
ODP	F	0.16%
ONTO	D	0.16%
QRVO	F	0.16%
OMI	F	0.16%
AHCO	F	0.15%
JANX	C	0.15%
DFH	D	0.15%
MPW	F	0.14%
HE	C	0.13%
HOV	D	0.13%
NPAB	B	0.13%
VKTX	F	0.12%
HUMA	F	0.12%
DYN	F	0.1%
MRVI	F	0.08%

USVM Underweight 154 Positions Relative to FNY

Symbol	Grade	Weight
AFRM	B	-1.08%
SOFI	A	-1.0%
AX	A	-0.9%
SFBS	B	-0.82%
TOST	B	-0.8%
FOUR	B	-0.8%
HLNE	B	-0.8%
KTB	B	-0.79%
ITRI	B	-0.77%
DUOL	A	-0.77%
KNF	A	-0.76%
IBKR	A	-0.74%
IOT	A	-0.73%
EWBC	A	-0.71%
LTH	C	-0.7%
AAON	B	-0.69%
AIT	A	-0.68%
EXLS	B	-0.66%
HLI	B	-0.66%
PEGA	A	-0.66%
GMED	A	-0.65%
TPG	A	-0.65%
FFIN	B	-0.63%
PODD	C	-0.63%
CRVL	A	-0.62%
TTEK	F	-0.62%
FRPT	B	-0.62%
MMSI	B	-0.6%
ATI	D	-0.6%
AUR	C	-0.59%
EXP	A	-0.59%
ADC	B	-0.58%
ITT	A	-0.58%
TKO	B	-0.57%
AVAV	D	-0.56%
CRDO	B	-0.56%
BFAM	D	-0.55%
CBT	C	-0.55%
BMI	B	-0.55%
EPRT	B	-0.55%
DOCU	A	-0.54%
NCLH	B	-0.54%
PLNT	A	-0.51%
BRBR	A	-0.51%
AYI	B	-0.5%
KAI	A	-0.5%
IBOC	A	-0.5%
SMG	D	-0.49%
FLS	B	-0.49%
LNTH	D	-0.49%
BWXT	B	-0.49%
HOMB	A	-0.48%
PRI	A	-0.48%
ONB	B	-0.48%
WHD	B	-0.47%
S	B	-0.47%
IBP	D	-0.47%
SCI	B	-0.46%
HASI	D	-0.45%
TW	A	-0.45%
RYAN	B	-0.45%
AXSM	B	-0.44%
BOX	B	-0.44%
CNS	B	-0.44%
BDC	B	-0.43%
DT	C	-0.42%
AZEK	A	-0.42%
WWD	B	-0.42%
OHI	C	-0.41%
NYT	C	-0.4%
WYNN	D	-0.4%
ALLE	D	-0.4%
OLLI	D	-0.39%
CFR	B	-0.35%
INSP	D	-0.35%
PCTY	B	-0.34%
RVMD	C	-0.34%
MTCH	D	-0.34%
CBSH	A	-0.34%
GME	C	-0.33%
RARE	D	-0.33%
WTM	A	-0.32%
ITCI	C	-0.32%
RLI	B	-0.32%
CWST	A	-0.31%
AXTA	A	-0.31%
RUN	F	-0.31%
MKTX	D	-0.3%
BRX	A	-0.3%
MSGS	A	-0.3%
BCPC	B	-0.29%
KRG	B	-0.29%
REG	B	-0.29%
EEFT	B	-0.29%
CHDN	B	-0.29%
AES	F	-0.29%
TMDX	F	-0.29%
ORA	B	-0.29%
IRT	A	-0.29%
RHP	B	-0.29%
DBX	B	-0.29%
ATR	B	-0.29%
BLKB	B	-0.28%
BPMC	C	-0.28%
KNSL	B	-0.28%
CROX	D	-0.28%
LAMR	D	-0.27%
GPK	C	-0.27%
CPT	B	-0.27%
CUBE	D	-0.26%
AGNC	D	-0.26%
EXPO	D	-0.24%
FCN	D	-0.24%
AOS	F	-0.23%
VRRM	D	-0.23%
FND	C	-0.23%
PAYC	B	-0.19%
GTLS	B	-0.19%
LYFT	C	-0.19%
GH	B	-0.18%
OWL	A	-0.17%
MASI	A	-0.17%
DAY	B	-0.17%
KD	B	-0.17%
MARA	C	-0.16%
CHH	A	-0.16%
TRMB	B	-0.16%
LOPE	B	-0.16%
GATX	A	-0.16%
NTNX	A	-0.16%
AM	A	-0.15%
ESI	A	-0.15%
DCI	B	-0.15%
RGLD	C	-0.15%
MORN	B	-0.15%
MAIN	A	-0.15%
RBC	A	-0.15%
GOLF	B	-0.15%
IPAR	B	-0.14%
ROIV	C	-0.14%
APPF	B	-0.14%
NEU	C	-0.14%
UDR	B	-0.14%
LNW	D	-0.14%
NNN	D	-0.13%
CHE	D	-0.13%
EGP	F	-0.13%
SSD	D	-0.13%
FR	C	-0.13%
TECH	D	-0.12%
U	C	-0.11%
TDW	F	-0.1%
BRKR	D	-0.1%
LCID	F	-0.09%