VictoryShares US Value Momentum ETF (ULVM) Performance
ULVM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +17.7% since Dec 31, 2025
- 1 year
- +20.1% total return
- 5 years
- +11.1% a year
- Since first price
- +10.7% a year since 2017
ULVM trailing returns vs SPY, QQQ, AGG
| Period | ULVM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.4% | +2.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.0% | −1.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.4% | +5.4% | +7.8% | +8.4% | −1.5% |
| YTD | +17.7% | +16.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +20.1% | +17.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +88.4%+23.5%/yr | +78.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +69.1%+11.1%/yr | +53.8% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionOct 26, 2017 | +148.6%+10.7%/yr | +111.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: ULVM vs SPY
From Oct 26, 2017: ULVM grew to $24,861, SPY to $34,123.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
ULVM returns by calendar year
6 of 8 full years positive. Best 2021 (+31.1%), worst 2018 (−12.1%). 2026 is year to date.
ULVM annual returns table
| Year | ULVM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +17.7% | −7.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +15.8% | −16.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +19.8% | −8.3% | +24.9% | +25.6% | +1.3% |
| 2023 | +10.2% | −10.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −9.0% | −19.8% | −18.2% | −32.6% | −13.0% |
| 2021 | +31.1% | −5.9% | +28.7% | +27.4% | −1.8% |
| 2020 | +3.5% | −40.7% | +18.3% | +48.6% | +7.5% |
| 2019 | +22.1% | −6.7% | +31.2% | +39.0% | +8.5% |
| 2018 | −12.1% | −21.9% | −4.6% | −0.1% | +0.1% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
ULVM largest drawdowns
Now 4.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 14, 2020 | −40.7% | Mar 23, 2020 | Dec 8, 2020 | 38 days | 10 months |
| Jan 26, 2018 | −21.9% | Dec 24, 2018 | Dec 20, 2019 | 11 months | 1.9 years |
| Jan 4, 2022 | −19.8% | Sep 30, 2022 | Jan 25, 2024 | 9 months | 2.1 years |
| Nov 29, 2024 | −18.1% | Apr 8, 2025 | Jul 22, 2025 | 4 months | 8 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
ULVM risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +20.7% | +11.7% | +10.3% |
| Volatility (annualized) | 13.3% | 15.6% | 17.0% |
| Sharpe ratio | 1.17 | 0.56 | 0.52 |
| Sortino ratio | 2.04 | 0.88 | 0.75 |
| Best month | +8.3% | +11.4% | +12.2% |
| Worst month | −7.5% | −9.2% | −19.9% |
| Best 12 months | +37.7% | +37.7% | +62.5% |
| Worst 12 months | +7.5% | −10.8% | −22.0% |
| Positive months | 67% | 58% | 63% |
| Beta vs S&P 500 | 0.82 | 0.87 | — |
| Correlation with S&P 500 | 0.77 | 0.87 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
ULVM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 97 | −22.0% | +9.6% | +62.5% | 70% |
| 3-year (a year) | 73 | +0.0% | +9.8% | +23.3% | 100% |
| 5-year (a year) | 49 | +4.7% | +11.3% | +18.0% | 100% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
ULVM performance overview
VictoryShares US Value Momentum ETF (ULVM) returned +20.1% over the past year and +11.1% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned +10.7% a year, turning $10,000 into about $24,861. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −40.7%, from Feb 14, 2020 to Mar 23, 2020, and it took 9 months to get back to the old high. ULVM finished 6 of its 8 full calendar years with a gain; the best year was 2021 (+31.1%) and the worst 2018 (−12.1%). Volatility has been 17.0% a year.
Related: ULVM chart, ULVM holdings, ULVM dividends, ULVM valuation. See the ULVM overview for the latest quote and fund facts.
ULVM performance FAQ
What is the ULVM return over the past year?
ULVM returned +20.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 17.8%.
What is the average annual return of ULVM?
ULVM has returned +11.1% a year over 5 years, +10.7% a year since October 26, 2017 (total return, distributions reinvested).
How much would $10,000 invested in ULVM be worth?
$10,000 invested in ULVM at its first recorded close on October 26, 2017 would be worth about $24,861 on October 23, 2026 with distributions reinvested.
What was the worst year for ULVM?
The worst calendar year was 2018, with a total return of −12.1%. The best was 2021 at +31.1%.
What is the biggest drawdown of ULVM?
The largest peak-to-trough decline was −40.7% between February 14, 2020 and March 23, 2020. It recovered to the old high on December 8, 2020, 9 months after the bottom.
How volatile is ULVM?
Over the past 3 years ULVM had an annualized volatility of 13.3% and a Sharpe ratio of 1.17 (excess return over 1–3 month T-bills per unit of risk).