USVM vs VYM: Grades, Fees and Holdings Compared

VictoryShares US Small Mid Cap Value Momentum ETF

USVMBNasdaq

Vanguard High Dividend Yield ETF

VYMANYSE Arca

Overlap

2.1%by weight

Expense ratio

VYM −0.18pt a year

USVM0.22%VYM0.04%

Avg volume · 30D

VYM 24.1×the volume

USVM47.3KVYM1.14M

5Y return · a year

VYM +2.0pt

USVM+9.8%VYM+11.8%

USVM vs VYM Performance

Oct 29, 2021 – Oct 30, 2026

+59.7%USVM+74.3%VYM

Expense ratio: USVM 0.22%; VYM 0.04%, better
Fund size: USVM $1.85B; VYM $95.8B
1Y total return: USVM +21.9%, better; VYM +19.3%
Yield (12M): USVM 1.88%; VYM 2.24%, better
Holdings: USVM 294; VYM 601
Avg volume (30D): USVM 47.3K sh; VYM 1.14M sh, better
NAV per share: USVM $106.31; VYM $163.75
52W range

ETF.net Grade

Pillar letters and Scores for USVM, VYM, with each pillar’s weight
Pillar	USVM	VYM
Cost30% weight	B67	A99Higher
Mission25% weight	A94Higher	A79
Risk15% weight	C50	A84Higher
Tradability15% weight	B64Higher	B61
Holdings10% weight	A78Higher	C53
Durability5% weight	B57	A95Higher

Rank among US Multifactor funds

How we build Categories ›

Same Category. USVM and VYM are both graded against the same 99 US Multifactor funds, so their Grades compare head to head.

US Multifactor⁠

Category · 99 funds

See all 99 ›

VYM ranks 2nd and USVM 18th of 99 funds in the US Multifactor Category.

Rank 1AVONVVanguard Russell 1000 Value ETFScore 85
Rank 2AILCViShares Morningstar Value ETFScore 81
Rank 2AVYMVanguard High Dividend Yield ETFScore 81
Rank 4AIMCViShares Morningstar Mid-Cap Value ETFScore 80
Rank 18ATILTNorthern Trust Morningstar US Market Factor Tilt ETFScore 71
Rank 18BUSVMVictoryShares US Small Mid Cap Value Momentum ETFScore 71
Rank 23ADEUSXtrackers Russell US Multifactor ETFScore 70

Our read on each fund

ETF.net Research

USVMBVictoryShares US Small Mid Cap Value Momentum ETF

VYMAVanguard High Dividend Yield ETF

In short

USVM Two screens that rarely ride together, cheap and climbing, pointed at the small and mid-cap end of the US market. Roughly 300 stocks, rules-based, and priced under the typical multifactor fund.

VYM The no-frills dividend workhorse. VYM buys the higher-yielding end of the US market, roughly 600 names, for four basis points: no quality screen, no dividend-growth-streak test, just yield, at scale since 2006.

Stated mandate

USVM The Fund seeks to track the returns of the Nasdaq Victory US Small Mid Cap Value Momentum Index before fees and expenses, primarily by holding the Index's stocks through a replication strategy.

VYM The Fund seeks to track a benchmark index measuring the investment return of common stocks from companies characterized by high dividend yields.

Why people hold it

USVM Screens on value and momentum together instead of picking one lane, tracking a single Nasdaq-built index by replication rather than a manager's hunches.
Costs 0.29% a year, below the median for its multifactor peer group.
Works the small and mid-cap aisle while most highly graded funds in the cohort (VONV, VYM, FNDX, GVUS, IUSG) crowd into large caps.
Spreads the bet across about 300 names and pays distributions monthly.

VYM Four basis points a year, against a peer-group median near 0.32%. Cheaper than cohort neighbors VONV (0.06%) and FNDX (0.25%).
Running since 2006 and now a multi-billion-dollar fund that trades actively, so ordinary orders tend to fill at tight spreads.
Simple mandate: track the FTSE High Dividend Yield Index of US common stocks screened on yield. No manager discretion, no options overlay, plain 1940-Act fund.vanguard.com
Pays quarterly, and among 100-plus value and multifactor rivals it stands as one of the strongest overall packages in the group.

Worth knowing

USVM Trades thinly for a fund of its size, so spreads can be wider than the multi-billion-dollar asset base suggests.
Small and mid caps swing harder than large caps, and a value-plus-momentum tilt can wander well away from the broad market for long stretches.
Cheap for a factor strategy, but plain-vanilla peers like VYM (0.04%) and IUSG (0.04%) cost a fraction as much.

VYM The screen is yield, not payout growth or dividend quality, so a company can qualify simply because its share price fell.
This is a value slice by design, tilted to established payers, so it behaves differently from a total US market fund.
Roughly 600 holdings, but weight leans toward the largest payers, so the top of the roster does more of the work than the count suggests.

Full USVM profile⁠

Full VYM profile⁠

USVM vs VYM Holdings

How USVM and VYM differ

Overlap by weight

2.1%

Shared holdings make up 42.3% of USVM and 2.1% of VYM.

Level by level

Holdings104 in both2.1%
Sector11 Sectors79.5%
Countryby domicile99.3%
Asset classEquity100%

Sector

Sector weights in USVM and VYM, widest gap first
Sector	More in USVMMore in VYM	USVM	VYM
Real Estate	USVM +7.7 points	7.7%	0.0%
Technology	VYM +7.6 points	9.9%	17.5%
Consumer Discretionary	USVM +5.5 points	11.5%	6.0%
Energy	VYM +5.3 points	4.9%	10.2%
Consumer Staples	VYM +4.3 points	3.9%	8.2%
Financials	USVM +4.0 points	24.9%	20.9%
Industrials	USVM +1.9 points	13.5%	11.6%
Materials	VYM +1.6 points	1.6%	3.2%
Health Care	VYM +1.6 points	12.5%	14.1%
Utilities	USVM +1.2 points	6.2%	5.0%
Communication	USVM +0.1 points	3.4%	3.3%

Country, concentration and asset class

Country by domicile

Country weights in USVM and VYM, widest gap first
Country	More in USVMMore in VYM	USVM	VYM
United States	VYM +0.7 points	99.3%	100.0%
Other countries (3)	USVM +0.7 points	0.7%	0.0%

Concentration

Weight in the 10 largest Holdings

USVM6.8%
VYM26.2%

Securities held

USVM292
VYM594

Asset class

USVM: Equity
VYM: Equity

Holdings

Only in USVM188
In both104
Only in VYM490

Only in USVM

188 securities, 57.5% of USVM by weight

White Mountains Insurance0.69%
Kite Realty Group Trust0.68%
Everest Group Ltd0.64%
Apple Hospitality Reit In0.63%
Sunstone Hotel Investors0.63%
Ellington Financial Inc0.61%
Diamondrock Hospitality C0.58%
Host Hotels & Resorts Inc0.57%
Wsfs Financial Corp0.57%
Graham Holdings Co0.57%
First Busey Corp0.56%
Ameris Bancorp0.56%
Globe Life Inc0.55%
Renaissancere Holdings Lt0.54%
Broadstone Net Lease Inc0.53%
Innoviva Inc0.53%
Concentra Group Holdings0.52%
Outfront Media Inc0.51%
Henry Schein Inc.0.50%
Genworth Financial Inc0.50%
Rlj Lodging Trust0.48%
Nelnet Inc-Cl A0.48%
Kirby Corp0.47%
Pebblebrook Hotel Trust0.47%
Siriuspoint Ltd0.46%
Amneal Pharmaceuticals In0.46%
Columbia Financial Inc/Md0.45%
Rithm Capital Corp0.45%
Park Hotels & Resorts Inc0.45%
Aramark0.44%
Eplus Inc0.44%
Boyd Gaming Corp0.44%
Madison Square Garden0.43%
Telephone & Data Systems0.43%
Academy Sports & Outdoors0.42%
Pricesmart Inc.0.42%
Kodiak Sciences Inc0.42%
Kilroy Realty Corp.0.42%
Trimas Corp.0.41%
Levi Strauss & Co0.40%
Encore Capital Group Inc0.40%
Millrose Properties Inc0.39%
Netscout Systems Inc0.39%
Pediatrix Medical Grp Inc0.38%
Openlane Inc0.38%
Post Holdings Inc0.38%
Middleby Corp0.38%
Cinemark Holdings Inc0.38%
Universal Health Services0.38%
Ligand Pharmaceuticals0.38%

Only in VYM

490 securities, 97.7% of VYM by weight

Broadcom Inc6.94%
JPMorgan Chase & Co3.76%
ExxonMobil Holdings Corp2.85%
Johnson & Johnson2.71%
AbbVie Inc1.97%
Cisco Systems Inc1.81%
Chevron Corp1.61%
Caterpillar Inc1.56%
Merck & Co Inc1.53%
Bank of America Corp1.50%
Procter & Gamble Co/The1.44%
Coca-Cola Co/The1.42%
UnitedHealth Group Inc1.41%
Philip Morris International Inc1.26%
Home Depot Inc/The1.21%
Texas Instruments Inc1.08%
RTX Corp1.06%
Goldman Sachs Group Inc/The1.03%
Wells Fargo & Co1.03%
Oracle Corp1.00%
Linde PLC0.93%
Citigroup Inc0.92%
Morgan Stanley0.90%
Amgen Inc0.89%
International Business Machines Corp0.88%
QUALCOMM Inc0.82%
Analog Devices Inc0.82%
Verizon Communications Inc0.82%
Gilead Sciences Inc0.79%
Walt Disney Co/The0.78%
PepsiCo Inc0.73%
Abbott Laboratories0.73%
Eaton Corp PLC0.71%
McDonald's Corp0.70%
AT&T Inc0.69%
Pfizer Inc0.69%
Dell Technologies Inc0.69%
Blackrock Inc0.69%
Union Pacific Corp0.69%
NextEra Energy Inc0.67%
ConocoPhillips0.65%
Bristol-Myers Squibb Co0.54%
Newmont Corp0.52%
Progressive Corp/The0.51%
Capital One Financial Corp0.49%
Marathon Petroleum Corp0.49%
Chubb Ltd0.49%
Altria Group Inc0.48%
Accenture PLC0.48%
Valero Energy Corp0.47%

Weight gaps

The 100 widest of 104 Holdings in both funds.

Holding weights in USVM and VYM, widest gap first
Holding	More in USVMMore in VYM	USVM	VYM
Pinnacle West CapitalPNW	USVM +0.73 points	0.78%	0.05%
Southwest Gas Holdings InSWX	USVM +0.71 points	0.73%	0.02%
Spire IncSR	USVM +0.66 points	0.68%	0.02%
One Gas IncOGS	USVM +0.65 points	0.67%	0.02%
New Jersey Resources CorpNJR	USVM +0.65 points	0.67%	0.02%
Avista CorpAVA	USVM +0.63 points	0.64%	0.01%
Mdu Resources Group Inc.MDU	USVM +0.61 points	0.63%	0.02%
Bok Financial CorpBOKF	USVM +0.61 points	0.62%	0.01%
Cno Financial Group IncCNO	USVM +0.61 points	0.63%	0.02%
Hanover Insurance GroupTHG	USVM +0.60 points	0.63%	0.03%
Cathay General BancorpCATY	USVM +0.59 points	0.61%	0.02%
United Bankshares IncUBSI	USVM +0.59 points	0.62%	0.03%
Independent Bank Corp.INDB	USVM +0.58 points	0.60%	0.02%
Black Hills CorpBKH	USVM +0.58 points	0.60%	0.02%
Portland General ElectricPOR	USVM +0.56 points	0.58%	0.02%
Adt IncADT	USVM +0.56 points	0.57%	0.01%
Otter Tail Corp.OTTR	USVM +0.56 points	0.57%	0.01%
Bank OzkOZK	USVM +0.55 points	0.57%	0.02%
H20 AmericaHTO	USVM +0.52 points	0.53%	<0.01%
Hancock Whitney CorpHWC	USVM +0.52 points	0.54%	0.02%
Fnb CorpFNB	USVM +0.51 points	0.54%	0.03%
First Financial BancorpFFBC	USVM +0.51 points	0.52%	0.01%
Fulton Financial CorpFULT	USVM +0.51 points	0.53%	0.02%
First Interstate Bancsys-FIBK	USVM +0.51 points	0.52%	0.01%
Associated Banc-CorpASB	USVM +0.50 points	0.52%	0.02%
Valley National BancorpVLY	USVM +0.49 points	0.52%	0.03%
Provident Financial SvcsPFS	USVM +0.50 points	0.51%	0.01%
Essent Group LtdESNT	USVM +0.49 points	0.51%	0.02%
Axis Capital Holdings LtdAXS	USVM +0.49 points	0.52%	0.03%
First Horizon CorpFHN	USVM +0.48 points	0.53%	0.05%
Greif Inc. - Class AGEF	USVM +0.48 points	0.49%	<0.01%
First Bancorp/Puerto RicoFBP	USVM +0.47 points	0.49%	0.02%
Radian Group Inc.RDN	USVM +0.47 points	0.49%	0.02%
Unum GroupUNM	USVM +0.47 points	0.53%	0.06%
Assured Guaranty LtdAGO	USVM +0.47 points	0.48%	0.01%
Wesbanco IncWSBC	USVM +0.47 points	0.48%	0.01%
Popular IncBPOP	USVM +0.47 points	0.51%	0.04%
Mercury General CorpMCY	USVM +0.46 points	0.47%	0.01%
Mgic Investment Corp.MTG	USVM +0.46 points	0.48%	0.02%
Msc Industrial Direct CoMSM	USVM +0.46 points	0.48%	0.02%
Bankunited IncBKU	USVM +0.44 points	0.45%	0.01%
Wafd IncWAFD	USVM +0.44 points	0.45%	<0.01%
Old Republic Int. Corp.ORI	USVM +0.43 points	0.47%	0.04%
World Kinect CorpWKC	USVM +0.43 points	0.44%	<0.01%
Voya FinancialVOYA	USVM +0.41 points	0.45%	0.04%
Penske Auto Group IncPAG	USVM +0.41 points	0.43%	0.01%
Molson Coors Beverage CoTAP	USVM +0.41 points	0.43%	0.02%
Ryder System IncR	USVM +0.40 points	0.44%	0.04%
Albany International CorpAIN	USVM +0.38 points	0.39%	<0.01%
Sirius Xm Holdings IncSIRI	USVM +0.38 points	0.40%	0.02%
Dolby Laboratories IncDLB	USVM +0.38 points	0.39%	0.01%
Signet Jewelers LtdSIG	USVM +0.37 points	0.39%	0.02%
Spectrum Brands HoldingsSPB	USVM +0.36 points	0.37%	<0.01%
Korn FerryKFY	USVM +0.35 points	0.37%	0.02%
Jackson Financial IncJXN	USVM +0.35 points	0.39%	0.04%
Harley-Davidson Inc.HOG	USVM +0.35 points	0.36%	0.01%
Ally Financial IncALLY	USVM +0.35 points	0.39%	0.04%
Greenbrier Cos Inc/TheGBX	USVM +0.33 points	0.34%	<0.01%
Trinity Industries IncTRN	USVM +0.32 points	0.33%	<0.01%
Cabot Corp.CBT	USVM +0.31 points	0.33%	0.02%
Macy's Inc.M	USVM +0.31 points	0.34%	0.03%
Cal-Maine Foods IncCALM	USVM +0.31 points	0.32%	0.01%
Albertsons Cos IncACI	USVM +0.31 points	0.33%	0.02%
Lear CorpLEA	USVM +0.31 points	0.33%	0.02%
Phinia IncPHIN	USVM +0.30 points	0.31%	<0.01%
Boise Cascade CoBCC	USVM +0.31 points	0.32%	0.01%
Lincoln National Corp.LNC	USVM +0.30 points	0.33%	0.03%
Cheesecake Factory StockCAKE	USVM +0.30 points	0.32%	0.02%
Stanley Black & DeckerSWK	USVM +0.29 points	0.35%	0.06%
Sonoco Products Co.SON	USVM +0.30 points	0.32%	0.02%
Timken Co.TKR	USVM +0.29 points	0.32%	0.03%
Chord Energy CorpCHRD	USVM +0.29 points	0.32%	0.03%
Bread Financial HoldingsBFH	USVM +0.28 points	0.30%	0.02%
American Eagle OutfittersAEO	USVM +0.28 points	0.29%	0.01%
Matador Resources CoMTDR	USVM +0.28 points	0.31%	0.03%
Murphy Oil CorpMUR	USVM +0.28 points	0.30%	0.02%
Northern Oil and Gas Inc.NOG	USVM +0.28 points	0.29%	0.01%
Avnet IncAVT	USVM +0.28 points	0.31%	0.03%
Western Union CoWU	USVM +0.27 points	0.28%	<0.01%
Apa CorpAPA	USVM +0.27 points	0.33%	0.06%
Helmerich & Payne IncHP	USVM +0.26 points	0.28%	0.02%
Kennametal Inc.KMT	USVM +0.26 points	0.27%	<0.01%
Kb HomeKBH	USVM +0.26 points	0.27%	0.01%
Schneider National IncSNDR	USVM +0.26 points	0.27%	<0.01%
F&GFG	USVM +0.26 points	0.26%	<0.01%
Benchmark Electronics IncBHE	USVM +0.25 points	0.26%	0.01%
Oshkosh CorpOSK	USVM +0.24 points	0.27%	0.03%
Marriott Vacations WrldVAC	USVM +0.24 points	0.25%	0.01%
Patterson-Uti Energy IncPTEN	USVM +0.23 points	0.25%	0.02%
Century Communities IncCCS	USVM +0.22 points	0.23%	<0.01%
Olin Corp.OLN	USVM +0.22 points	0.23%	<0.01%
Sm Energy Co.SM	USVM +0.22 points	0.25%	0.03%
Herc Holdings IncHRI	USVM +0.21 points	0.23%	0.02%
Werner Enterprises Inc.WERN	USVM +0.21 points	0.22%	<0.01%
Delek Us Holdings IncDK	USVM +0.20 points	0.22%	0.02%
Graphic Packaging HoldingGPK	USVM +0.20 points	0.21%	0.01%
The Mosaic Co.MOS	USVM +0.17 points	0.20%	0.03%
Borgwarner Inc.BWA	USVM +0.17 points	0.22%	0.05%
Kaiser Aluminum CorpKALU	USVM +0.17 points	0.18%	<0.01%
Pbf Energy IncPBF	USVM +0.17 points	0.20%	0.03%

All 296 USVM holdings⁠All 589 VYM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

USVM vs VYM Cost

Overpaying USVM vs VYM

$3,709

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

USVM 0.22%
$4,558
VYM 0.04%
$849

Amount$10,000

Years30 years

Cost over time

USVM 0.22%
VYM 0.04%
Overpaying

Year by year

Year	USVM	VYM	Overpaying
10	$401	$73	$328
20	$1,561	$288	$1,273
30	$4,558	$849	$3,709

Expense ratio

0.22%USVM
0.04%VYM, cheaper

VYM0.04%USVM0.22%

0.04%1.01%

Middle half of US Multifactor funds
Median 0.29%

VYM cheapest of 99 funds

USVM 33rd cheapest of 99 funds

USVM vs VYM Dividends

Last 12 months to Oct 30, 2026

Yield (12M): USVM 1.88%; VYM 2.24%, better
Payout (12M): USVM $2.00; VYM $3.68
Last payment: USVM $0.25; VYM $0.89
Ex-dividend: USVM Oct 8, 2026; VYM Sep 18, 2026
Paid on: USVM Oct 9, 2026; VYM Sep 22, 2026
Frequency: USVM Monthly; VYM Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

USVMMonthly · 45 paymentsAll USVM payments⁠

VYMQuarterly · 15 paymentsAll VYM payments⁠

USVM vs VYM Risk

Fall from peak · 5 years

USVM
VYM

Risk facts

VolatilityStd dev, 3 years: USVM 16.8%VYM 11.1%, better
Return per unit of riskSharpe ratio, 3 years: USVM 1.02VYM 1.38, better
Worst fallMax drawdown, 5 years: USVM −25.3%VYM −15.9%, better
Market sensitivityBeta, 5 years: USVM 1.00VYM 0.75; Market = 1

USVM and VYM in the news

All news⁠

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Head-to-Head
VTV leads VYM over 10 years. The recent gap is one year
Oct 23, 2026VYM
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Schwab's dividend ETF returned 22.8% in a year. Its income rate still trails a one-month bill.
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Category Review
US multifactor funds ran 30 points apart
Updated Oct 23, 2026VYM

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USVM vs VYM

In short

Stated mandate

Why people hold it