USVM vs VYM
VictoryShares US Small Mid Cap Value Momentum ETF vs Vanguard High Dividend Yield ETF
Which is better, USVM or VYM?
Small Cap Value against Large Cap Value.
VYM has a lower expense ratio. USVM led over 1Y and 3Y, VYM over 5Y and the full window. USVM is less concentrated, with 6.4% of the fund in its ten largest positions against 25.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | USVM | VYM |
|---|---|---|
| Expense Ratio | 0.29% | 0.04%Best |
| AUM | $1.7B | $78.9B |
| Dividend Yield | 1.90% | 2.37% |
| Holdings | 578 | 608 |
| YTD Return | +13.16%Best | +11.83% |
| 1Y Return | +16.24%Best | +15.96% |
| 3Y Return (annualized) | +19.25%Best | +18.60% |
| 5Y Return (annualized) | +9.27% | +11.51%Best |
| Volatility (annualized) | 20.2% | 15.0%Best |
| Max Drawdown | -44.1% | -35.7%Best |
| $10,000 over 5 years | $15,578 | $17,241Best |
| Top 10 Weight | 6.4%Best | 25.8% |
| Fund Family | Victory Capital Management Inc. | Vanguard (US) |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Value |
| Inception | Oct 24, 2017 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Oct 26, 2017 to Oct 14, 2026 (9 years).
USVM vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 9 years both funds cover.
USVM vs VYM Performance
VictoryShares US Small Mid Cap Value Momentum ETF (USVM) is an ETF from Victory Capital Management Inc. and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year USVM returned +16.24% while VYM returned +15.96%. Year to date, USVM is up 13.16% versus a gain of 11.83% for VYM.
Over three years, USVM compounded at +19.25% per year against +18.60% for VYM; over five years the annualized figures are +9.27% and +11.51% respectively. Across the full 9-year window we track, VYM has the edge at +9.56% annualized vs +9.50%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
USVM has been the more volatile fund, with annualized monthly volatility of 20.2% compared with 15.0% for VYM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -44.1% for USVM and -35.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
USVM charges 0.29% per year while VYM charges 0.04%. On a $10,000 position that is $29 vs $4 annually, a gap of $25 per year that compounds over a long holding period. On income, USVM currently yields 1.90% against 2.37% for VYM.
Holdings Overlap
42.1% of USVM's money is in holdings VYM also owns. 2.3% of VYM's money is in holdings USVM also owns.
The two portfolios partly overlap.
107 positions in common, counted across the 292 positions we hold weights for in USVM and 602 in VYM, against full books of 578 and 608.
What only one of them owns
Our book lists 469 positions for VYM that do not appear in our book for USVM (95.6% of the fund), and 181 for USVM that do not appear in VYM (56.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in USVM | Weight in VYM | Difference |
|---|---|---|---|
| PNWPinnacle West Corp | 0.71% | 0.05% | 0.66% |
| SWXSouthwest Gas Holdings Inc Common Stock Usd 1 | 0.66% | 0.03% | 0.63% |
| NJRNew Jersey Res | 0.66% | 0.02% | 0.64% |
| OGSOne Gas Inc | 0.62% | 0.02% | 0.60% |
| UBSIUnited Bankshares Inc/Wv | 0.61% | 0.03% | 0.58% |
| EGEverest Group Ltd Common Stock | 0.58% | 0.06% | 0.52% |
| BOKFBok Financial Corp. | 0.62% | 0.01% | 0.61% |
| SRSpire Inc. | 0.61% | 0.02% | 0.59% |
| AVAAvista Corp | 0.61% | 0.01% | 0.60% |
| MDUMdu Resources | 0.60% | 0.02% | 0.58% |
42.1% of USVM is already inside VYM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, USVM or VYM?
USVM has an expense ratio of 0.29% while VYM charges 0.04%. VYM is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, USVM or VYM?
Over the past year USVM returned +16.24% vs +15.96% for VYM, so USVM leads on 1-year performance. Over the longest common window we track (9 years), USVM annualized +9.50% vs +9.56% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, USVM or VYM?
USVM has been the more volatile fund at 20.2% annualized versus 15.0% for VYM. Worst drawdown: USVM -44.1% vs VYM -35.7%.
Should I hold both USVM and VYM?
USVM and VYM have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between USVM and VYM?
42.1% of USVM's money is in holdings VYM also owns. 2.3% of VYM's is in holdings USVM also owns. They hold 107 positions in common, counted across the 292 positions we hold weights for in USVM and 602 in VYM.
Which pays a higher dividend, USVM or VYM?
USVM yields 1.90% while VYM yields 2.37%, so VYM currently pays the higher dividend yield.
Is VYM better than USVM?
VYM has a lower expense ratio. USVM led over 1Y and 3Y, VYM over 5Y and the full window. USVM is less concentrated, with 6.4% of the fund in its ten largest positions against 25.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.