USVM
VictoryShares US Small Mid Cap Value Momentum ETF
The fund 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.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
300.7 M
ASSETS UNDER MGMT
25 bp
EXPENSES
Fund Basics
| Fund sponsor | USAA Asset Management |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 24, 2017 |
| Assets (mns) | $301 |
| Expense ratio | 25 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Volatility |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| CRANE HOLDINGS, CO. | 1.0 % |
| GOLUB CAPITAL BDC INC | 0.7 % |
| DT MIDSTREAM, INC. | 0.7 % |
| INGREDION INC | 0.7 % |
| ENSIGN GROUP INC/THE | 0.6 % |
| MDU RESOURCES GROUP INC | 0.6 % |
| MGIC INVESTMENT CORP | 0.6 % |
| JEFFERIES FINANCIAL GROUP INC. | 0.6 % |
| ENCOMPASS HEALTH CORPORATION | 0.6 % |
| CACI INTERNATIONAL INC -CL A | 0.6 % |
Constituent Breakdown
| Number of holdings | 291 |
| Herfindahl-Hirschman Index | 41 |
| Wgt avg mkt cap (mns) | $6,351 |
| Large cap (>$10bn) | 21.9% |
| Mid cap ($2-10bn) | 63.6% |
| Small cap (<$2bn) | 14.5% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.6 % |
 |
BERMUDA | 1.8 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 9.6% | 31.5% | 13.2% | 4.7% | 10.8% | -- | 8.4% | Volatility | 17.7% | 18.1% | 17.6% | 20.2% | 25.0% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.05 | 77% |
| MSCI EAFE | 0.99 | 71% |
| MSCI Emg Mkts | 0.67 | 32% |
Liquidity Measures
| Avg. volume (000) | 8 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.10% |
| ADV of underlying (mns) | $25,639 |
Technical Indicators
| Recent close | $91.12 |
| 30d moving avg. | $84.76 |
| Annualized volatility | 20.8% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 5.9% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. USVM |
Expenses vs. USVM |
ALTAR Score™ vs. USVM |
|---|---|---|---|---|
| AFMC | First Trust Active Factor Mid Cap ETF | 32.0% | +40 bp | -0.4% |
| EZM | WisdomTree U.S. MidCap Fund | 31.2% | +13 bp | +0.1% |
| FNX | First Trust Mid Cap Core AlphaDEX Fund | 30.8% | +35 bp | -0.4% |
| FSMD | Fidelity Small-Mid Multifactor ETF | 30.8% | -10 bp | -0.4% |
| DFAT | Dimensional U.S. Targeted Value ETF | 29.2% | +3 bp | +0.5% |
| AFSM | First Trust Active Factor Small Cap ETF | 27.2% | +50 bp | -0.9% |
| VBR | Vanguard Small Cap Value ETF | 27.1% | -18 bp | +0.6% |
| FNK | First Trust Mid Cap Value AlphaDEX Fund | 26.9% | +45 bp | +2.7% |
| JPSE | JPMorgan Diversified Return U.S. Small Cap Equity ETF | 26.4% | +4 bp | -0.7% |
| JMEE | JPMorgan Market Expansion Enhanced Equity ETF | 26.3% | -1 bp | -0.2% |
Risk and Returns: USVM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/22/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
USVM
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
USVM
7.0%
Cat. Avg
5.3%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.3% and a standard deviation of
2.4%. USVM's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places USVM in the 76th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
USVMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| USVM (25 bp) Percentile rank | 26 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| USVM | 25.0 | 9.6 | 34.6 |
| Peer Avg. | 29.7 | 13.9 | 43.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .