VictoryShares US Multi-Factor Minimum Volatility (VSMV) Performance
VSMV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +14.3% since Dec 31, 2025
- 1 year
- +17.4% total return
- 5 years
- +11.0% a year
- Since first price
- +12.3% a year since 2017
VSMV trailing returns vs SPY, QQQ, AGG
| Period | VSMV total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +4.2% | +4.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +5.1% | +4.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +8.2% | +7.5% | +7.8% | +8.4% | −1.5% |
| YTD | +14.3% | +13.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +17.4% | +15.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +67.2%+18.7%/yr | +60.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +68.5%+11.0%/yr | +55.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionJun 22, 2017 | +196.2%+12.3%/yr | +149.7% | — | — | — |
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: VSMV vs SPY
From Jun 22, 2017: VSMV grew to $29,619, SPY to $36,097.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
VSMV returns by calendar year
6 of 8 full years positive. Best 2019 (+26.8%), worst 2022 (−7.6%). 2026 is year to date.
VSMV annual returns table
| Year | VSMV | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +14.3% | −5.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +16.8% | −12.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +15.8% | −5.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +12.3% | −7.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −7.6% | −18.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +25.7% | −5.3% | +28.7% | +27.4% | −1.8% |
| 2020 | +5.1% | −31.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +26.8% | −4.9% | +31.2% | +39.0% | +8.5% |
| 2018 | −1.1% | −15.9% | −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.
VSMV largest drawdowns
Now 0.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 18, 2020 | −31.3% | Mar 23, 2020 | Dec 16, 2020 | 34 days | 10 months |
| Apr 8, 2022 | −18.0% | Sep 30, 2022 | Jul 21, 2023 | 6 months | 1.3 years |
| Oct 3, 2018 | −15.9% | Dec 24, 2018 | Apr 23, 2019 | 3 months | 7 months |
| Nov 26, 2024 | −13.2% | Apr 8, 2025 | Jul 23, 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.
VSMV risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +16.6% | +11.1% | +11.9% |
| Volatility (annualized) | 9.2% | 12.3% | 13.0% |
| Sharpe ratio | 1.25 | 0.63 | 0.75 |
| Sortino ratio | 2.12 | 1.00 | 1.15 |
| Best month | +5.8% | +10.3% | +10.3% |
| Worst month | −4.8% | −7.3% | −10.5% |
| Best 12 months | +25.6% | +25.6% | +37.1% |
| Worst 12 months | +6.3% | −8.0% | −8.0% |
| Positive months | 72% | 63% | 68% |
| Beta vs S&P 500 | 0.55 | 0.68 | — |
| Correlation with S&P 500 | 0.75 | 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.
VSMV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 101 | −8.0% | +13.0% | +37.1% | 86% |
| 3-year (a year) | 77 | +4.6% | +10.6% | +18.7% | 100% |
| 5-year (a year) | 53 | +7.5% | +10.8% | +14.6% | 100% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
VSMV performance overview
VictoryShares US Multi-Factor Minimum Volatility (VSMV) returned +17.4% over the past year and +11.0% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned +12.3% a year, turning $10,000 into about $29,619. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −31.3%, from Feb 18, 2020 to Mar 23, 2020, and it took 9 months to get back to the old high. VSMV finished 6 of its 8 full calendar years with a gain; the best year was 2019 (+26.8%) and the worst 2022 (−7.6%). Volatility has been 13.0% a year.
Related: VSMV chart, VSMV holdings, VSMV dividends, VSMV valuation. See the VSMV overview for the latest quote and fund facts.
VSMV performance FAQ
What is the VSMV return over the past year?
VSMV returned +17.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 15.8%.
What is the average annual return of VSMV?
VSMV has returned +11.0% a year over 5 years, +12.3% a year since June 22, 2017 (total return, distributions reinvested).
How much would $10,000 invested in VSMV be worth?
$10,000 invested in VSMV at its first recorded close on June 22, 2017 would be worth about $29,619 on October 23, 2026 with distributions reinvested.
What was the worst year for VSMV?
The worst calendar year was 2022, with a total return of −7.6%. The best was 2019 at +26.8%.
What is the biggest drawdown of VSMV?
The largest peak-to-trough decline was −31.3% between February 18, 2020 and March 23, 2020. It recovered to the old high on December 16, 2020, 9 months after the bottom.
How volatile is VSMV?
Over the past 3 years VSMV had an annualized volatility of 9.2% and a Sharpe ratio of 1.25 (excess return over 1–3 month T-bills per unit of risk).