ULVM vs VOO
VictoryShares US Value Momentum ETF vs Vanguard S&P 500 ETF
Which is better, ULVM or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. ULVM led over 1Y and 3Y, VOO over 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. ULVM is less concentrated, with 14.4% of the fund in its ten largest positions against 36.4%.
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 | ULVM | VOO |
|---|---|---|
| Expense Ratio | 0.20% | 0.03%Best |
| AUM | $263M | $997.4B |
| Dividend Yield | 1.64% | 1.04% |
| Holdings | 126 | 509 |
| YTD Return | +17.10%Best | +12.23% |
| 1Y Return | +23.10%Best | +18.60% |
| 3Y Return (annualized) | +21.31%Best | +20.98% |
| 5Y Return (annualized) | +11.84% | +12.76%Best |
| Volatility (annualized) | 16.9% | 16.2%Best |
| Max Drawdown | -40.8% | -34.3%Best |
| $10,000 over 5 years | $17,498 | $18,230Best |
| Top 10 Weight | 14.4%Best | 36.4% |
| Fund Family | Victory Capital Management Inc. | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 24, 2017 | Sep 7, 2010 |
Volatility and max drawdown are measured over the window both funds cover: Oct 26, 2017 to Sep 9, 2026 (8.9 years).
ULVM vs VOO 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 8.9 years both funds cover.
ULVM vs VOO Performance
VictoryShares US Value Momentum ETF (ULVM) is an ETF from Victory Capital Management Inc. and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year ULVM returned +23.10% while VOO returned +18.60%. Year to date, ULVM is up 17.10% versus a gain of 12.23% for VOO.
Over three years, ULVM compounded at +21.31% per year against +20.98% for VOO; over five years the annualized figures are +11.84% and +12.76% respectively. Across the full 9-year window we track, VOO has the edge at +14.12% annualized vs +10.20%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ULVM has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 16.2% for VOO. 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 -40.8% for ULVM and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ULVM charges 0.20% per year while VOO charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, ULVM currently yields 1.64% against 1.04% for VOO.
Holdings Overlap
88.8% of ULVM's money is in holdings VOO also owns. 20.9% of VOO's money is in holdings ULVM also owns.
Most of ULVM is already inside VOO. Owning both mostly buys the same companies twice.
109 positions in common, counted across the 124 positions we hold weights for in ULVM and 505 in VOO, against full books of 126 and 509.
What only one of them owns
Our book lists 389 positions for VOO that do not appear in our book for ULVM (78.7% of the fund), and 12 for ULVM that do not appear in VOO (9.7%).
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 ULVM | Weight in VOO | Difference |
|---|---|---|---|
| GOOGLAlphabet Inc,class A | 0.71% | 3.25% | 2.54% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.66% | 1.42% | 0.24% |
| JNJJohnson & Johnson - Common | 1.52% | 0.95% | 0.57% |
| MUMicron Technology, Inc. | 0.27% | 2.02% | 1.75% |
| BACBank of America Corp.: Financials | 1.21% | 0.58% | 0.63% |
| XOMExxon Mobil Corp. | 0.90% | 0.88% | 0.02% |
| CBChubb Ltd. | 1.39% | 0.19% | 1.20% |
| ORealty Income Corp. | 1.46% | 0.09% | 1.37% |
| LLoews Corp | 1.47% | 0.03% | 1.44% |
| ATOAtmos Energy Corp | 1.43% | 0.04% | 1.39% |
88.8% of ULVM is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ULVM or VOO?
ULVM has an expense ratio of 0.20% while VOO charges 0.03%. VOO is the cheaper option, by $17 a year on a $10,000 investment.
Which performed better, ULVM or VOO?
Over the past year ULVM returned +23.10% vs +18.60% for VOO, so ULVM leads on 1-year performance. Over the longest common window we track (9 years), ULVM annualized +10.20% vs +14.12% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ULVM or VOO?
ULVM has been the more volatile fund at 16.9% annualized versus 16.2% for VOO. Worst drawdown: ULVM -40.8% vs VOO -34.3%.
Should I hold both ULVM and VOO?
ULVM and VOO have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between ULVM and VOO?
88.8% of ULVM's money is in holdings VOO also owns. 20.9% of VOO's is in holdings ULVM also owns. They hold 109 positions in common, counted across the 124 positions we hold weights for in ULVM and 505 in VOO.
Which pays a higher dividend, ULVM or VOO?
ULVM yields 1.64% while VOO yields 1.04%, so ULVM currently pays the higher dividend yield.
Is VOO better than ULVM?
VOO has a lower expense ratio. ULVM led over 1Y and 3Y, VOO over 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. ULVM is less concentrated, with 14.4% of the fund in its ten largest positions against 36.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.