USVM vs. PAPI ETF Comparison

Comparison of VictoryShares USAA MSCI USA Small Cap Value Momentum ETF (USVM) to Parametric Equity Premium Income ETF (PAPI)

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

$92.09

Average Daily Volume

7,410

Number of Holdings ^*

278

* may have additional holdings in another (foreign) market

PAPI

Parametric Equity Premium Income ETF

PAPI Description

The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.

Grade (RS Rating)

Last Trade

$28.31

Average Daily Volume

34,409

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

Performance

Period	USVM	PAPI
30 Days	9.31%	4.67%
60 Days	9.50%	4.29%
90 Days	11.05%	5.45%
12 Months	40.10%	19.80%

16 Overlapping Holdings

Symbol	Grade	Weight in USVM	Weight in PAPI	Overlap
AVT	C	0.45%	0.51%	0.45%
CALM	B	0.54%	0.51%	0.51%
CHRD	F	0.4%	0.52%	0.4%
DTM	B	0.88%	0.62%	0.62%
ESNT	D	0.44%	0.45%	0.44%
INGR	B	0.66%	0.55%	0.55%
INSW	F	0.3%	0.44%	0.3%
MOS	F	0.32%	0.54%	0.32%
MTG	B	0.47%	0.5%	0.47%
NFG	B	0.58%	0.52%	0.52%
ORI	A	0.6%	0.54%	0.54%
PINC	B	0.52%	0.6%	0.52%
SNX	C	0.44%	0.5%	0.44%
TAP	C	0.52%	0.59%	0.52%
TXRH	A	0.51%	0.57%	0.51%
UNM	A	0.83%	0.61%	0.61%

USVM Overweight 262 Positions Relative to PAPI

Symbol	Grade	Weight
SF	B	0.65%
CW	B	0.63%
CTRE	D	0.61%
CNX	B	0.61%
GVA	B	0.6%
CACI	D	0.6%
JEF	A	0.57%
POST	B	0.56%
EHC	B	0.56%
AXS	A	0.56%
SBRA	B	0.55%
AKR	A	0.53%
KBR	F	0.53%
INVA	D	0.53%
GEO	B	0.52%
AWI	B	0.52%
ESAB	B	0.51%
PBH	B	0.51%
EXEL	A	0.51%
EVR	B	0.51%
FFIV	A	0.5%
TGNA	B	0.5%
NHI	D	0.5%
AGO	A	0.5%
SNDR	B	0.49%
CSWI	A	0.49%
GEF	B	0.49%
ENSG	D	0.49%
LRN	B	0.48%
GPOR	B	0.48%
GNW	A	0.48%
CNO	A	0.48%
ALSN	B	0.48%
GHC	B	0.47%
PIPR	A	0.47%
SWX	B	0.47%
MLI	C	0.47%
GWRE	B	0.46%
SFM	B	0.45%
PRIM	A	0.45%
CLH	B	0.45%
VCTR	B	0.45%
CMC	B	0.44%
PLXS	B	0.44%
ASB	B	0.44%
SKYW	B	0.44%
GBX	A	0.44%
MUSA	B	0.44%
ACIW	B	0.44%
OVV	C	0.43%
R	B	0.43%
H	A	0.43%
COOP	B	0.43%
AROC	B	0.42%
BPOP	B	0.42%
MDU	F	0.42%
CXW	C	0.42%
CUZ	B	0.42%
ARW	D	0.42%
KEX	B	0.42%
KFY	B	0.42%
DVA	B	0.42%
PR	C	0.42%
HNI	B	0.42%
ROAD	B	0.42%
SEB	F	0.41%
RDN	C	0.41%
GMS	B	0.41%
WT	B	0.41%
MOG.A	B	0.41%
MCY	B	0.41%
ENVA	B	0.41%
MATX	C	0.41%
STC	A	0.41%
BTU	C	0.4%
ITGR	A	0.4%
VSTO	A	0.4%
WTTR	B	0.39%
WKC	D	0.39%
FSS	B	0.39%
UVV	B	0.38%
ESRT	C	0.38%
CNK	B	0.38%
RL	B	0.38%
BCO	D	0.37%
GPI	B	0.37%
PSN	D	0.37%
QTWO	A	0.37%
MTSI	B	0.37%
NTRA	B	0.37%
RUSHA	B	0.37%
BHF	B	0.36%
LMAT	B	0.36%
PATK	C	0.36%
ENOV	C	0.36%
AL	A	0.36%
SPB	C	0.35%
UHS	D	0.35%
FYBR	D	0.35%
ADUS	D	0.35%
PHIN	B	0.35%
PK	B	0.35%
VIRT	B	0.35%
IVZ	B	0.35%
DY	D	0.35%
AZZ	B	0.35%
TTMI	B	0.35%
ALKT	A	0.34%
CWEN	C	0.34%
TMHC	A	0.34%
STRL	B	0.34%
REZI	B	0.34%
DDS	B	0.34%
LNC	B	0.34%
JLL	B	0.34%
FIX	A	0.34%
NAVI	C	0.34%
DEI	A	0.34%
CRS	B	0.33%
ARI	C	0.33%
ANDE	D	0.33%
KRC	C	0.33%
HRB	D	0.33%
RDNT	C	0.33%
BIO	D	0.33%
PEB	D	0.33%
UGI	A	0.33%
LPX	B	0.33%
JBGS	D	0.32%
AMWD	B	0.32%
AN	B	0.32%
ABG	B	0.32%
MAC	A	0.32%
JXN	B	0.32%
IIPR	D	0.32%
NXST	C	0.32%
SEM	B	0.32%
HIW	D	0.32%
NMRK	B	0.31%
CIVI	D	0.31%
ATGE	B	0.31%
TPH	C	0.31%
SLG	B	0.31%
WGO	C	0.31%
CVLT	B	0.31%
LZB	B	0.31%
PRGO	C	0.3%
GIII	C	0.3%
UAA	C	0.3%
SOLV	C	0.3%
ADTN	B	0.3%
BCC	B	0.29%
NTCT	B	0.29%
VTLE	C	0.29%
IAC	D	0.29%
COKE	C	0.29%
PRDO	B	0.29%
SM	C	0.29%
CORT	B	0.29%
CRL	C	0.29%
AZTA	D	0.28%
CNM	D	0.28%
VRNS	D	0.28%
HCC	B	0.28%
KBH	C	0.28%
VSH	F	0.28%
SAH	B	0.28%
SCS	B	0.28%
NATL	C	0.28%
VERX	A	0.28%
CUBI	C	0.27%
WING	F	0.27%
SANM	B	0.27%
GRBK	D	0.27%
PVH	C	0.27%
IESC	B	0.27%
BHE	B	0.27%
SLVM	B	0.27%
MEDP	F	0.26%
MHO	C	0.26%
PLUS	F	0.26%
PBF	D	0.26%
GKOS	B	0.26%
COHR	C	0.26%
LGND	B	0.26%
GT	C	0.26%
CLF	F	0.26%
DXC	B	0.26%
AEO	F	0.25%
BOOT	D	0.25%
VYX	C	0.25%
UCTT	D	0.24%
TDS	B	0.24%
CCS	D	0.24%
AMRX	C	0.24%
BFH	B	0.24%
NSIT	F	0.24%
MTH	C	0.24%
DKS	C	0.23%
HALO	F	0.23%
MHK	D	0.23%
M	D	0.23%
LEVI	F	0.23%
POWL	C	0.23%
ADMA	B	0.22%
CAL	D	0.22%
MOD	B	0.22%
HIMS	A	0.22%
CRNX	C	0.22%
CAR	C	0.22%
BMBL	C	0.22%
LBPH	A	0.22%
GES	F	0.21%
MSGE	D	0.21%
USM	B	0.21%
MODG	F	0.21%
BKD	F	0.2%
AMR	C	0.2%
UFPT	C	0.2%
VITL	F	0.2%
LUMN	C	0.2%
COLL	F	0.2%
PI	D	0.2%
REVG	B	0.2%
ELAN	F	0.19%
VECO	F	0.19%
GAP	C	0.19%
SATS	D	0.19%
PLAB	C	0.19%
XRX	F	0.19%
CRUS	F	0.19%
SOUN	C	0.19%
JBLU	F	0.19%
LPG	F	0.18%
ANF	C	0.18%
HTZ	C	0.18%
FTRE	C	0.18%
VSTS	C	0.18%
ODP	F	0.17%
QRVO	F	0.17%
KSS	F	0.17%
FORM	F	0.17%
OGN	F	0.17%
AMKR	F	0.17%
ZETA	D	0.17%
ONTO	F	0.16%
OMI	F	0.16%
DFH	C	0.16%
CLSK	C	0.16%
VIR	F	0.15%
HE	C	0.14%
AHCO	D	0.14%
INSM	C	0.13%
RNA	D	0.13%
HOV	C	0.13%
JANX	D	0.13%
MPW	F	0.13%
VKTX	F	0.11%
NPAB	B	0.11%
HUMA	F	0.1%
DYN	F	0.09%
MRVI	F	0.07%

USVM Underweight 173 Positions Relative to PAPI

Symbol	Grade	Weight
GRMN	A	-0.65%
SNA	A	-0.63%
IP	B	-0.63%
BKR	C	-0.62%
EMR	A	-0.61%
OKE	C	-0.61%
IDCC	A	-0.61%
FOX	B	-0.59%
CFR	B	-0.59%
EA	C	-0.59%
PB	B	-0.59%
MO	A	-0.59%
IDA	B	-0.59%
KMI	B	-0.58%
CINF	A	-0.58%
JHG	A	-0.58%
WMB	B	-0.58%
JCI	C	-0.58%
WHR	B	-0.57%
RHI	C	-0.57%
TRV	B	-0.57%
SRE	A	-0.57%
CTRA	B	-0.57%
RF	B	-0.57%
DGX	B	-0.57%
SYK	C	-0.57%
LH	B	-0.57%
FOXA	C	-0.57%
XEL	A	-0.57%
CVX	B	-0.57%
CMI	A	-0.57%
FAST	B	-0.56%
WSO	A	-0.56%
CAH	B	-0.56%
EOG	C	-0.56%
RS	B	-0.56%
PKG	B	-0.56%
PM	B	-0.56%
TROW	A	-0.56%
COP	D	-0.56%
VLO	C	-0.55%
PPL	B	-0.55%
DCI	A	-0.55%
UNH	B	-0.55%
GGG	B	-0.55%
EVRG	A	-0.55%
OGE	A	-0.55%
T	A	-0.55%
GNTX	C	-0.54%
PAG	B	-0.54%
CMCSA	C	-0.54%
COR	C	-0.54%
OGS	A	-0.54%
WMT	B	-0.54%
CSCO	A	-0.54%
COST	B	-0.54%
CHD	B	-0.54%
AFG	A	-0.54%
DRI	B	-0.54%
TJX	A	-0.54%
ADP	B	-0.54%
MTN	C	-0.54%
AEE	A	-0.54%
MSFT	D	-0.53%
CTSH	B	-0.53%
LHX	C	-0.53%
AM	B	-0.53%
GILD	B	-0.53%
TXN	D	-0.53%
PRU	A	-0.53%
PAYX	B	-0.53%
ATO	A	-0.53%
MSM	C	-0.53%
COLM	A	-0.53%
HPE	B	-0.53%
GLW	B	-0.53%
HP	C	-0.52%
LNT	A	-0.52%
BMI	B	-0.52%
ROP	B	-0.52%
ABT	B	-0.52%
PG	A	-0.52%
ATR	B	-0.52%
PEG	A	-0.52%
UPS	C	-0.52%
HPQ	B	-0.52%
EXPD	C	-0.52%
XOM	C	-0.52%
PSX	C	-0.52%
WEC	A	-0.52%
CME	A	-0.52%
POR	C	-0.51%
DD	D	-0.51%
DLB	B	-0.51%
DINO	F	-0.51%
HIG	B	-0.51%
FNF	B	-0.51%
APD	A	-0.51%
LKQ	D	-0.51%
OXM	D	-0.51%
MDT	D	-0.51%
CTVA	B	-0.5%
BDX	F	-0.5%
JNJ	D	-0.5%
DUK	C	-0.5%
RTX	D	-0.5%
POWI	D	-0.5%
NYT	C	-0.5%
DVN	F	-0.5%
FE	D	-0.5%
GD	F	-0.5%
ACN	B	-0.5%
VZ	B	-0.5%
CCOI	B	-0.5%
PFG	C	-0.5%
AEP	D	-0.5%
RGLD	D	-0.5%
BG	F	-0.5%
D	C	-0.5%
SO	D	-0.5%
AFL	B	-0.5%
DOX	D	-0.49%
OMC	C	-0.49%
CHE	D	-0.49%
KMB	C	-0.49%
BBY	D	-0.49%
PPG	D	-0.49%
SON	D	-0.49%
FLO	C	-0.49%
LIN	D	-0.49%
JKHY	D	-0.49%
EMN	D	-0.49%
QCOM	F	-0.49%
HRL	D	-0.49%
CAG	D	-0.48%
LYB	F	-0.48%
AOS	D	-0.48%
WEN	D	-0.48%
ADI	D	-0.48%
ED	D	-0.48%
PEP	F	-0.48%
RPRX	D	-0.48%
LEA	F	-0.48%
WU	D	-0.48%
SHOO	D	-0.47%
AMCR	D	-0.47%
LEN	C	-0.47%
CI	D	-0.47%
ADM	F	-0.47%
KDP	D	-0.46%
ABBV	D	-0.46%
ASH	F	-0.46%
FMC	D	-0.46%
HAS	D	-0.46%
KHC	D	-0.46%
MRK	F	-0.46%
IBM	C	-0.46%
IPG	C	-0.45%
SWKS	F	-0.45%
GPC	D	-0.45%
KO	D	-0.45%
DHR	D	-0.45%
HUN	F	-0.44%
MAN	D	-0.44%
DOW	F	-0.44%
PFE	D	-0.44%
PII	F	-0.43%
ELV	F	-0.43%
CVI	F	-0.42%
CRI	F	-0.41%
HII	F	-0.39%
NEM	F	-0.38%
SCCO	F	-0.0%