ETF Research

USVM: VICTORYSHARES US SMALL MID CAP VALUE MOMENTUM ETF FORMERLY VICTORYSHARES USAA MSCI USA SMALL CAP VALUE MOMENTUM ETF

Generated from StockValueFinder data · Updated Oct 11, 2026 7:22 PM
Educational content only. This is not financial advice and is not a recommendation to buy, sell, or hold any ETF.

ETF Education Report: USVM

What this ETF is trying to do

The VictoryShares US Small Mid Cap Value Momentum ETF (ticker: USVM) is an exchange-traded fund designed to track specific market segments. Based on its name, it focuses on small and mid-sized companies that fall into the "value" category and show "momentum."

What the numbers show

When looking at an ETF, it is important to understand two different types of returns: price return and total return.

• Price Return only measures how much the share price has changed.

• Total Return includes both the change in share price and any cash distributions (dividends) paid out to investors.

For USVM, the numbers show growth in both areas:

• Year-to-Date (YTD): The price return is approximately 15.20%, while the total return is approximately 16.72%.

• One Year: The price return was about 16.65%, and the total return was about 18.99%.

• Three Years: The price return was approximately 60.90%, and the total return was approximately 70.43%.

To visualize this, we can look at an estimated price from roughly one year ago, which was about $90.17. The current price is $105.19.

Income and distribution explanation

Some investors look for ETFs that pay out cash, known as distributions. USVM has a distribution yield of approximately 1.88%. This means the cash paid out is about 1.88% of the ETF's price. These distributions are usually paid out monthly, with 12 payments recorded over the last year.

It is important to remember that a distribution yield is not the same as total return. While distributions provide cash, they are separate from the growth of the share price itself.

NAV erosion explanation

"NAV erosion" is a term used to describe when the value of the underlying assets in an ETF decreases significantly over time. Some investors worry that high payouts might cause this. However, for USVM, the erosion-risk score is 100, and the label states "No price erosion detected." There is no severe erosion-risk flag for this ETF.

Top Holdings

The following are some of the top holdings in this portfolio. Please note that this is a partial list and holdings can change over time:

• Pinnacle West Capital Corp (0.70%)

• Kite Realty Group Trust (0.68%)

• Ellington Financial Inc (0.66%)

• Southwest Gas Holdings Inc (0.66%)

• New Jersey Resources Corp (0.65%)

Pros

• The ETF has shown positive price returns and total returns over the one-year and three-year periods.

• It provides regular monthly distributions.

Cons

• The distribution yield is relatively modest compared to some high-income funds.

Beginner takeaway

USVM shows both share-price growth and total returns that include cash distributions. When evaluating ETFs, always distinguish between the price return (the change in share value) and the total return (which includes the cash you receive).

Top Holdings

Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.

253 holdings available
# Holding Ticker Weight
1 PINNACLE WEST CAPITAL CORP PNW 0.71%
2 KITE REALTY GROUP TRUST KRG 0.66%
3 SOUTHWEST GAS HOLDINGS INC SWX 0.66%
4 NEW JERSEY RESOURCES CORP NJR 0.65%
5 BOK FINANCIAL CORP BOKF 0.62%
6 ELLINGTON FINANCIAL INC EFC 0.62%
7 ONE GAS INC OGS 0.62%
8 WHITE MOUNTAINS INSURANCE GROUP LTD WTM 0.62%
9 AVISTA CORP AVA 0.61%
10 MDU RESOURCES GROUP INC MDU 0.61%
Show all 253 holdings
1. PINNACLE WEST CAPITAL CORP PNW 0.71%
2. KITE REALTY GROUP TRUST KRG 0.66%
3. SOUTHWEST GAS HOLDINGS INC SWX 0.66%
4. NEW JERSEY RESOURCES CORP NJR 0.65%
5. BOK FINANCIAL CORP BOKF 0.62%
6. ELLINGTON FINANCIAL INC EFC 0.62%
7. ONE GAS INC OGS 0.62%
8. WHITE MOUNTAINS INSURANCE GROUP LTD WTM 0.62%
9. AVISTA CORP AVA 0.61%
10. MDU RESOURCES GROUP INC MDU 0.61%
11. SPIRE INC SR 0.61%
12. UNITED BANKSHARES INC UBSI 0.60%
13. CNO FINANCIAL GROUP INC CNO 0.59%
14. PORTLAND GENERAL ELECTRIC CO POR 0.59%
15. BROADSTONE NET LEASE INC ORDINARY SHARES BNL 0.58%
16. CATHAY GENERAL BANCORP CATY 0.58%
17. FIRST BUSEY CORP BUSE 0.58%
18. GLOBE LIFE INC GL 0.58%
19. INDEPENDENT BANK CORP INDB 0.58%
20. THE HANOVER INSURANCE GROUP INC THG 0.58%
21. CONCENTRA GROUP HOLDINGS PARENT INC CON 0.47%
22. ARAMARK ARMK 0.46%
23. BANKUNITED INC BKU 0.46%
24. KIRBY CORP KEX 0.46%
25. OUTFRONT MEDIA INC OUT 0.46%
26. VOYA FINANCIAL INC VOYA 0.46%
27. WAFD INC WAFD 0.46%
28. TELEPHONE AND DATA SYSTEMS INC TDS 0.45%
29. EPLUS INC PLUS 0.44%
30. n/a AMRX 0.44%
31. PRICESMART INC PSMT 0.44%
32. SIRIUSPOINT LTD SPNT 0.44%
33. MADISON SQUARE GARDEN ENTERTAINMENT CORP MSGE 0.43%
34. n/a RLJ 0.43%
35. RITHM CAPITAL CORP RITM 0.43%
36. TRIMAS CORP TRS 0.43%
37. WORLD KINECT CORP WKC 0.43%
38. BOYD GAMING CORP BYD 0.42%
39. NETSCOUT SYSTEMS INC NTCT 0.42%
40. PEBBLEBROOK HOTEL TRUST PEB 0.42%
41. PARK HOTELS & RESORTS INC PK 0.41%
42. PENSKE AUTOMOTIVE GROUP INC PAG 0.41%
43. PEOPLE INC ORDINARY SHARES NEW PPLI 0.41%
44. KODIAK SCIENCES INC KOD 0.40%
45. n/a TAP 0.40%
46. SOLVENTUM CORP SOLV 0.40%
47. ALLY FINANCIAL INC ALLY 0.39%
48. ENCORE CAPITAL GROUP INC ECPG 0.39%
49. JACKSON FINANCIAL INC JXN 0.39%
50. KILROY REALTY CORP KRC 0.39%
51. RUSH ENTERPRISES INC CLASS A RUSHA 0.39%
52. ARROW ELECTRONICS INC ARW 0.38%
53. AVNET INC AVT 0.38%
54. AZZ INC AZZ 0.38%
55. CIRRUS LOGIC INC CRUS 0.38%
56. DOLBY LABORATORIES INC CLASS A DLB 0.38%
57. MATSON INC MATX 0.38%
58. n/a AGM 0.38%
59. n/a ASO 0.38%
60. NATIONAL HEALTHCARE CORP NHC 0.38%
61. UNIVERSAL HEALTH SERVICES INC CLASS B UHS 0.38%
62. ADT INC ADT 0.37%
63. DARLING INGREDIENTS INC DAR 0.37%
64. ROGERS CORP ROG 0.37%
65. RYDER SYSTEM INC R 0.37%
66. SIRIUS XM HOLDINGS INC SIRI 0.37%
67. ANDERSONS INC ANDE 0.36%
68. INTERNATIONAL SEAWAYS INC INSW 0.36%
69. LEVI STRAUSS & CO CLASS A LEVI 0.36%
70. LIGAND PHARMACEUTICALS INC LGND 0.36%
71. PITNEY BOWES INC PBI 0.36%
72. THE TIMKEN CO TKR 0.36%
73. A10 NETWORKS INC ATEN 0.35%
74. ALBANY INTERNATIONAL CORP AIN 0.35%
75. CABOT CORP CBT 0.35%
76. CINEMARK HOLDINGS INC CNK 0.35%
77. ESCO TECHNOLOGIES INC ESE 0.35%
78. GREENBRIER COMPANIES INC GBX 0.35%
79. KORN FERRY KFY 0.35%
80. LEAR CORP LEA 0.35%
81. MILLROSE PROPERTIES INC CLASS A MRP 0.35%
82. MOOG INC CLASS A MOG-A 0.35%
83. OPENLANE INC OPLN 0.35%
84. SEABOARD CORP SEB 0.35%
85. CAL-MAINE FOODS INC CALM 0.34%
86. LINCOLN NATIONAL CORP LNC 0.34%
87. PEDIATRIX MEDICAL GROUP INC MD 0.34%
88. PLEXUS CORP PLXS 0.34%
89. POST HOLDINGS INC POST 0.34%
90. SIGNET JEWELERS LTD SIG 0.34%
91. SPECTRUM BRANDS HOLDINGS INC SPB 0.34%
92. THE MIDDLEBY CORP MIDD 0.34%
93. BENCHMARK ELECTRONICS INC BHE 0.33%
94. BIO-RAD LABORATORIES INC CLASS A BIO 0.33%
95. COMMERCIAL METALS CO CMC 0.33%
96. DORIAN LPG LTD LPG 0.33%
97. JOHN WILEY & SONS INC CLASS A WLY 0.33%
98. SKYWORKS SOLUTIONS INC SWKS 0.33%
99. CORECIVIC INC CXW 0.32%
100. G-III APPAREL GROUP LTD GIII 0.32%
101. LITTELFUSE INC LFUS 0.32%
102. MACY'S INC M 0.32%
103. PRESTIGE CONSUMER HEALTHCARE INC PBH 0.32%
104. THE CHEFS' WAREHOUSE INC CHEF 0.32%
105. DUCOMMUN INC DCO 0.31%
106. HARLEY-DAVIDSON INC HOG 0.31%
107. HELIOS TECHNOLOGIES INC HLIO 0.31%
108. KENNAMETAL INC KMT 0.31%
109. LIFE TIME GROUP HOLDINGS INC LTH 0.31%
110. n/a HRMY 0.31%
111. n/a KNX 0.31%
112. SONOCO PRODUCTS CO SON 0.31%
113. STANLEY BLACK & DECKER INC SWK 0.31%
114. THE CHEESECAKE FACTORY INC CAKE 0.31%
115. UNITED NATURAL FOODS INC UNFI 0.31%
116. BJ'S RESTAURANTS INC BJRI 0.30%
117. BOISE CASCADE CO BCC 0.30%
118. DIEBOLD NIXDORF INC ORDINARY SHARES- NEW DBD 0.30%
119. MOHAWK INDUSTRIES INC MHK 0.30%
120. PHINIA INC PHIN 0.30%
121. SCHNEIDER NATIONAL INC SNDR 0.30%
122. TRINITY INDUSTRIES INC TRN 0.30%
123. ALBERTSONS COMPANIES INC CLASS A ACI 0.29%
124. BREAD FINANCIAL HOLDINGS INC BFH 0.29%
125. BRIGHTSPRING HEALTH SERVICES INC BTSG 0.29%
126. CHORD ENERGY CORP ORDINARY SHARES NEW CHRD 0.29%
127. COHU INC COHU 0.29%
128. ENERSYS ENS 0.29%
129. INNOVATIVE INDUSTRIAL PROPERTIES INC IIPR 0.29%
130. KRYSTAL BIOTECH INC KRYS 0.29%
131. SALLY BEAUTY HOLDINGS INC SBH 0.29%
132. SEADRILL LTD SDRL 0.29%
133. TELEFLEX INC TFX 0.29%
134. ALKERMES PLC ALKS 0.28%
135. AMERICAN EAGLE OUTFITTERS INC AEO 0.28%
136. APA CORP APA 0.28%
137. F&G ANNUITIES & LIFE INC FG 0.28%
138. MAXLINEAR INC MXL 0.28%
139. n/a TXG 0.28%
140. PROTAGONIST THERAPEUTICS INC PTGX 0.28%
141. THE WESTERN UNION CO WU 0.28%
142. APTIV PLC APTV 0.27%
143. BLUE BIRD CORP BLBD 0.27%
144. BORGWARNER INC BWA 0.27%
145. CROCS INC CROX 0.27%
146. ENVISTA HOLDINGS CORP ORDINARY SHARES NVST 0.27%
147. MATADOR RESOURCES CO MTDR 0.27%
148. MURPHY OIL CORP MUR 0.27%
149. PVH CORP PVH 0.27%
150. RUSS 2000 IDX FUT DEC26 n/a 0.27%
151. V2X INC VVX 0.27%
152. WERNER ENTERPRISES INC WERN 0.27%
153. AZENTA INC AZTA 0.26%
154. CARTER'S INC CRI 0.26%
155. CENTURY COMMUNITIES INC CCS 0.26%
156. CONMED CORP CNMD 0.26%
157. CRESCENT ENERGY CO CLASS A CRGY 0.26%
158. EDGEWELL PERSONAL CARE CO EPC 0.26%
159. ELANCO ANIMAL HEALTH INC ELAN 0.26%
160. EZCORP INC REGISTERED SHS -A- NON VTG EZPW 0.26%
161. HELMERICH & PAYNE INC HP 0.26%
162. INSIGHT ENTERPRISES INC NSIT 0.26%
163. KB HOME KBH 0.26%
164. n/a LFST 0.26%
165. OSHKOSH CORP OSK 0.26%
166. VICOR CORP VICR 0.26%
167. ARCBEST CORP ARCB 0.25%
168. COGENT BIOSCIENCES INC COGT 0.25%
169. DAVITA INC DVA 0.25%
170. GARRETT MOTION INC ORDINARY SHARES NEW GTX 0.25%
171. MYR GROUP INC MYRG 0.25%
172. NEOGENOMICS INC NEO 0.25%
173. NORTHERN OIL & GAS INC NOG 0.25%
174. THE GEO GROUP INC GEO 0.25%
175. CELANESE CORP CLASS A CE 0.24%
176. ENOVA INTERNATIONAL INC ENVA 0.24%
177. KAISER ALUMINUM CORP KALU 0.24%
178. NEOGEN CORP NEOG 0.24%
179. OMNICELL INC OMCL 0.24%
180. SONIC AUTOMOTIVE INC CLASS A SAH 0.24%
181. TALOS ENERGY INC ORDINARY SHARES TALO 0.24%
182. THE MOSAIC CO MOS 0.24%
183. VESTIS CORP VSTS 0.24%
184. YELP INC YELP 0.24%
185. ADIENT PLC ADNT 0.23%
186. AXT INC AXTI 0.23%
187. BEL FUSE INC CLASS B BELFB 0.23%
188. CALLAWAY GOLF CO CALY 0.23%
189. CAREDX INC CDNA 0.23%
190. FORMFACTOR INC FORM 0.23%
191. KOHL'S CORP KSS 0.23%
192. MGM RESORTS INTERNATIONAL MGM 0.23%
193. PAR PACIFIC HOLDINGS INC PARR 0.23%
194. TUTOR PERINI CORP TPC 0.23%
195. VERSANT MEDIA GROUP INC CLASS A VSNT 0.23%
196. CRACKER BARREL OLD COUNTRY STORE INC CBRL 0.22%
197. DELEK US HOLDINGS INC REGISTERED SHS STOCK SETTLEMENT DK 0.22%
198. DXC TECHNOLOGY CO REGISTERED SHS WHEN ISSUED DXC 0.22%
199. MARRIOTT VACATIONS WORLDWIDE CORP VAC 0.22%
200. NABORS INDUSTRIES LTD NBR 0.22%
201. OLIN CORP OLN 0.22%
202. PACS GROUP INC PACS 0.22%
203. PATTERSON-UTI ENERGY INC PTEN 0.22%
204. SM ENERGY CO SM 0.22%
205. AEHR TEST SYSTEMS AEHR 0.21%
206. AXCELIS TECHNOLOGIES INC ACLS 0.21%
207. BANDWIDTH INC CLASS A BAND 0.21%
208. GOLD.COM INC GOLD 0.21%
209. PBF ENERGY INC CLASS A PBF 0.21%
210. POWELL INDUSTRIES INC POWL 0.21%
211. RELAY THERAPEUTICS INC ORDINARY SHARES RLAY 0.21%
212. VISHAY INTERTECHNOLOGY INC VSH 0.21%
213. DIGITALOCEAN HOLDINGS INC DOCN 0.20%
214. DIODES INC DIOD 0.20%
215. GRAPHIC PACKAGING HOLDING CO GPK 0.20%
216. ONTO INNOVATION INC ONTO 0.20%
217. PENGUIN SOLUTIONS INC PENG 0.20%
218. PROG HOLDINGS INC ORDINARY SHARES PRG 0.20%
219. SANMINA CORP SANM 0.20%
220. SPYRE THERAPEUTICS INC SYRE 0.20%
221. ACADIA HEALTHCARE CO INC ACHC 0.19%
222. AMN HEALTHCARE SERVICES INC AMN 0.19%
223. AXOGEN INC AXGN 0.19%
224. HERC HOLDINGS INC HRI 0.19%
225. ICHOR HOLDINGS LTD ICHR 0.19%
226. PREFORMED LINE PRODUCTS CO PLPC 0.19%
227. SPHERE ENTERTAINMENT CO ORDINARY SHARES CLASS A SPHR 0.19%
228. ZIFF DAVIS INC ZD 0.19%
229. AMKOR TECHNOLOGY INC AMKR 0.18%
230. ANTERIX INC ATEX 0.18%
231. ARROWHEAD PHARMACEUTICALS INC ARWR 0.18%
232. EVERFORTH INC EFOR 0.18%
233. FASTLY INC CLASS A FSLY 0.18%
234. HUB GROUP INC CLASS A HUBG 0.18%
235. PHOTRONICS INC PLAB 0.18%
236. CORCEPT THERAPEUTICS INC CORT 0.17%
237. DIANTHUS THERAPEUTICS INC DNTH 0.17%
238. MANPOWERGROUP INC MAN 0.17%
239. ULTRA CLEAN HOLDINGS INC UCTT 0.17%
240. VIASAT INC VSAT 0.17%
241. VICTORIA'S SECRET & CO VSXY 0.17%
242. ORUKA THERAPEUTICS INC ORKA 0.16%
243. PRAXIS PRECISION MEDICINES INC ORDINARY SHARES PRAX 0.16%
244. TANGO THERAPEUTICS INC TNGX 0.16%
245. ARGAN INC AGX 0.15%
246. CONCENTRIX CORP ORDINARY SHARES CNXC 0.15%
247. MBX BIOSCIENCES INC MBX 0.15%
248. NLIGHT INC LASR 0.15%
249. VENTURE GLOBAL INC ORDINARY SHARES CLASS A VG 0.15%
250. SELLAS LIFE SCIENCES GROUP INC SLS 0.14%
251. ERASCA INC ERAS 0.13%
252. INHIBRX BIOSCIENCES INC INBX 0.12%
253. LIQUIDIA CORP ORDINARY SHARES LQDA 0.08%
Holdings data last updated Oct 12, 2026 7:24 AM . Provider-reported weights may not sum exactly to 100%.
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