VictoryShares US Small Mid Cap Value Momentum… (USVM) Performance
USVM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +16.5% since Dec 31, 2025
- 1 year
- +18.3% total return
- 5 years
- +9.5% a year
- Since first price
- +10.3% a year since 2017
USVM trailing returns vs SPY, QQQ, AGG
| Period | USVM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.7% | +0.4% | −1.0% | −5.0% | +0.9% |
| 3 months | −3.9% | −4.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.3% | +2.3% | +7.8% | +8.4% | −1.5% |
| YTD | +16.5% | +14.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +18.3% | +16.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +80.5%+21.8%/yr | +70.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +57.2%+9.5%/yr | +44.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionOct 26, 2017 | +141.7%+10.3%/yr | +109.7% | — | — | — |
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: USVM vs SPY
From Oct 26, 2017: USVM grew to $24,171, SPY to $34,123.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
USVM returns by calendar year
6 of 8 full years positive. Best 2021 (+24.4%), worst 2022 (−13.2%). 2026 is year to date.
USVM annual returns table
| Year | USVM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +16.5% | −8.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +10.6% | −21.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +16.6% | −9.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +18.9% | −12.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −13.2% | −22.7% | −18.2% | −32.6% | −13.0% |
| 2021 | +24.4% | −10.3% | +28.7% | +27.4% | −1.8% |
| 2020 | +11.6% | −42.2% | +18.3% | +48.6% | +7.5% |
| 2019 | +21.7% | −8.3% | +31.2% | +39.0% | +8.5% |
| 2018 | −9.4% | −24.7% | −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.
USVM largest drawdowns
Now 6.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 29, 2018 | −42.4% | Mar 23, 2020 | Nov 16, 2020 | 1.6 years | 2.2 years |
| Nov 8, 2021 | −25.3% | Sep 26, 2022 | Feb 12, 2024 | 11 months | 2.3 years |
| Nov 25, 2024 | −24.3% | Apr 8, 2025 | Sep 11, 2025 | 4 months | 10 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
USVM risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +18.6% | +9.9% | +10.2% |
| Volatility (annualized) | 17.4% | 19.0% | 20.2% |
| Sharpe ratio | 0.82 | 0.40 | 0.46 |
| Sortino ratio | 1.50 | 0.65 | 0.68 |
| Best month | +10.0% | +11.7% | +14.7% |
| Worst month | −8.0% | −9.8% | −24.2% |
| Best 12 months | +39.4% | +39.4% | +89.3% |
| Worst 12 months | −0.1% | −16.8% | −27.0% |
| Positive months | 53% | 50% | 59% |
| Beta vs S&P 500 | 1.01 | 1.00 | — |
| Correlation with S&P 500 | 0.73 | 0.82 | — |
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.
USVM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 97 | −27.0% | +7.6% | +89.3% | 69% |
| 3-year (a year) | 73 | +0.8% | +10.9% | +22.0% | 100% |
| 5-year (a year) | 49 | +4.3% | +10.4% | +18.3% | 100% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
USVM performance overview
VictoryShares US Small Mid Cap Value Momentum… (USVM) returned +18.3% over the past year and +9.5% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned +10.3% a year, turning $10,000 into about $24,171. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −42.4%, from Aug 29, 2018 to Mar 23, 2020, and it took 8 months to get back to the old high. USVM finished 6 of its 8 full calendar years with a gain; the best year was 2021 (+24.4%) and the worst 2022 (−13.2%). Volatility has been 20.2% a year.
Related: USVM chart, USVM holdings, USVM dividends, USVM valuation. See the USVM overview for the latest quote and fund facts.
USVM performance FAQ
What is the USVM return over the past year?
USVM returned +18.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 16.0%.
What is the average annual return of USVM?
USVM has returned +9.5% a year over 5 years, +10.3% a year since October 26, 2017 (total return, distributions reinvested).
How much would $10,000 invested in USVM be worth?
$10,000 invested in USVM at its first recorded close on October 26, 2017 would be worth about $24,171 on October 23, 2026 with distributions reinvested.
What was the worst year for USVM?
The worst calendar year was 2022, with a total return of −13.2%. The best was 2021 at +24.4%.
What is the biggest drawdown of USVM?
The largest peak-to-trough decline was −42.4% between August 29, 2018 and March 23, 2020. It recovered to the old high on November 16, 2020, 8 months after the bottom.
How volatile is USVM?
Over the past 3 years USVM had an annualized volatility of 17.4% and a Sharpe ratio of 0.82 (excess return over 1–3 month T-bills per unit of risk).