First-Year Review
Cambria Global EW ETF's largest holding is another fund, about 25 times an equal share
VictoryShares US Multi-Factor Minimum Volatility ETF
The ETF.net VSMV Grade
D
Score 39 out of 100
- 16 of 16
Score 39 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F7 out of 100Rank 14 of 16Mission
Whether the fund did what it promised, tested against its stated mandate.A71 out of 100Rank 14 of 16Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B69 out of 100Rank 3 of 16Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C41 out of 100Rank 11 of 16Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D26 out of 100Rank 15 of 16Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.F18 out of 100Rank 15 of 16
Our read on VSMV
In short
DMost minimum-volatility funds hand the whole market to a volatility optimizer. VSMV screens first, keeping stocks that rate well on earnings quality, momentum, profitability and valuation, then optimizes only those survivors for the smoothest ride.
Stated mandate
The Fund seeks to track the Nasdaq Victory US Multi-Factor Minimum Volatility Index before fees and expenses.
Why people hold it
Worth knowing
VSMV Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
VSMV$11,706
Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | VSMV |
|---|---|
| Year to date | +12.8% |
| 1 month | +2.0% |
| 3 months | +1.8% |
| 1 year | +17.1% |
| 3 years | +17.4% |
| 5 years | +10.6% |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | VSMV |
|---|---|---|
| 2026 YTD | +12.8% | |
| 2025 | +16.8% | |
| 2024 | +15.8% | |
| 2023 | +12.3% | |
| 2022 | −7.5% | |
| 2021 | +25.7% | |
| 2020 | +5.1% |
VSMV in the news
VSMV Dividends
- 1.31%
- $0.81
- $0.03 per share
- Monthly
VSMV Risk
- 9.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.41
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −18.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.56
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
VSMV Cost
Overpaying vs QLV, cheapest in US Low Volatility Index
$5,437
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
VSMV 0.35%
$7,126
QLV 0.08% Cheapest
$1,689
Cost over time
Year by year
| Year | VSMV | QLV | Overpaying |
|---|---|---|---|
| 10 | $634 | $147 | $487 |
| 20 | $2,454 | $575 | $1,879 |
| 30 | $7,126 | $1,689 | $5,437 |
You pay 0.35%Waived by Victory Capital 0.06%
Full fee 0.41% waiver 0.06% you pay 0.35%
Other funds in US Low Volatility Index
- CCFAVictoryShares US 500 Volatility Wtd ETFExpense ratio 0.35%1 year return +15.4%
- CCFOVictoryShares US 500 Enhanced Volatility Wtd ETFExpense ratio 0.35%1 year return +15.4%
- CXMLVInvesco S&P MidCap Low Volatility ETFExpense ratio 0.25%1 year return +9.9%
- CXSLVInvesco S&P SmallCap Low Volatility ETFExpense ratio 0.25%1 year return +16.4%
- CQQLVInvesco QQQ Low Volatility ETFExpense ratio 0.25%1 year return +15.0%
