VictoryShares USAA MSCI USA Small Cap Value Momentum ETF
ALTAR
Score™
8.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
18.5x P/Sales
ratio
0.7x
P/BV
ratio
1.2x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The fund seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the MSCI USA Small Cap Select Value Momentum Blend Index.

FUND BASICS
Category US Equities
Fund Sponsor USAA Asset Management
Website www.usaa.com
Inception date Oct 24, 2017
Assets (mns) $227
Currency USD
Expense ratio 24 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Volatility
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 493
Wgt avg mkt cap (mns) $2,916
Large cap (>$10bn) 3.1%
Mid cap ($2-10bn) 50.2%
Small cap (<$2bn) 46.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EQUITY COMMONWEALTH 0.8 %
WHITE MOUNTAINS INSURANCE GP 0.7 %
EASTERLY GOVERNMENT PROPERTIES, IN 0.7 %
HAWAIIAN ELECTRIC INDS 0.6 %
BIO-TECHNE CORPORATION 0.6 %
MASIMO CORPORATION 0.6 %
QUIDEL CORP 0.6 %
CABLE ONE INC 0.5 %
CHEMED CORP 0.5 %
SCOTTS MIRACLE-GRO CO-CL A 0.5 %
Total 6.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.3 %
BERMUDA 1.7 %
CAYMAN ISLANDS 0.7 %
PUERTO RICO 0.5 %
IRELAND 0.4 %
BRITAIN 0.4 %
CANADA 0.1 %
LUXEMBOURG 0.1 %
NETHERLANDS 0.1 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-22.5% -18.2% -- -- -5.5%

Market Correlations
versus... Beta R-squared
S&P500 1.24 87%
MSCI EAFE 1.28 77%
MSCI Emg. Mkts. 0.96 67%

Technical Indicators
Recent close $42.91
30d moving avg. $40.21
Annualized volatility 24.4%
Short interest (ETF) 0.7%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 20
Turnover 0.4%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $15,402

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the VictoryShares USAA MSCI USA Small Cap Value Momentum ETF ETF based on the alternatives' overlap in portfolio holdings with USVM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: USVM Expense: 24 bp ALTAR Score™: 8.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH USVM
Ticker Fund
Name
Overlap1
vs USVM
(%)
Expense
ratio
(bp)
Savings
vs USVM
(bp)
ALTAR
Score™
(%)
ALTAR
vs USVM
(%)
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 49.7 39 -15 6.7 -1.5
FSMD Fidelity Small-Mid Factor ETF 37.7 29 -5 7.6 -0.6
AFSM First Trust Active Factor Small Cap ETF 35.6 75 -51 6.9 -1.3
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 35.0 30 -6 8.3 +0.1
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 34.9 29 -5 6.5 -1.7
PBSM Invesco PureBeta MSCI USA Small Cap ETF 34.4 6 18 5.6 -2.6
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 34.1 20 4 6.6 -1.6
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 32.2 17 7 5.4 -2.8
SCHA Schwab U.S. Small-Cap ETF 31.4 4 20 5.3 -2.9
IWM iShares Russell 2000 ETF 30.8 19 5 4.0 -4.2
IUSS Invesco Strategic US Small Company ETF 30.0 23 1 6.6 -1.6
VTWO Vanguard Russell 2000 Index Fund 30.0 10 14 4.1 -4.1
IWN iShares Russell 2000 Value ETF 29.5 24 0 7.9 -0.3
VTWV Vanguard Russell 2000 Value Index Fund 29.2 15 9 8.0 -0.2
SPSM SPDR Portfolio Small Cap ETF 28.0 5 19 7.9 -0.3
IJR iShares Core S&P Small Cap ETF 28.0 7 17 7.8 -0.4
SLY SPDR S&P 600 Small Cap ETF 28.0 15 9 7.8 -0.4
VB Vanguard Small-Cap ETF 27.9 5 19 6.0 -2.2
VIOO Vanguard S&P Small-Cap 600 ETF 27.6 10 14 7.6 -0.6
VBR Vanguard Small Cap Value Index Fund 27.6 7 17 9.3 +1.1
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 27.5 20 4 6.4 -1.8
FNDA Schwab Fundamental U.S. Small Co. Index ETF 27.2 25 -1 7.2 -1.1
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 26.8 40 -16 6.7 -1.5
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 26.2 7 17 6.0 -2.2
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 25.7 39 -15 4.6 -3.6
TPSC Timothy Plan US Small Cap Core ETF 25.4 52 -28 8.4 +0.2
JHSC John Hancock Multifactor Small Cap ETF 25.2 50 -26 6.4 -1.8
AFMC First Trust Active Factor Mid Cap ETF 25.2 65 -41 6.8 -1.4
NUSC Nuveen ESG Small-Cap ETF 25.2 40 -16 5.5 -2.7
FNX First Trust Mid Cap Core AlphaDEX Fund 24.8 61 -37 7.5 -0.8
FYX First Trust Small Cap Core AlphaDEX Fund 24.8 63 -39 7.3 -0.9
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 24.6 35 -11 9.0 +0.8
CSML IQ Chaikin U.S. Small Cap ETF 24.3 35 -11 5.3 -2.9
MDY SPDR S&P Midcap 400 ETF Trust 24.1 23 1 6.7 -1.5
SPMD SPDR Portfolio Mid Cap ETF 24.1 5 19 6.9 -1.3
IJH iShares Core S&P Mid-Cap ETF 24.1 6 18 6.9 -1.3
IVOO Vanguard S&P Mid-Cap 400 ETF 23.7 10 14 6.8 -1.4
EZM WisdomTree U.S. MidCap Earnings Fund 23.3 38 -14 10.2 +2.0
ROGS Hartford Multifactor Global Small Cap ETF 23.2 34 -10 8.8 +0.6
SLYG SPDR S&P 600 Small Cap Growth ETF 22.7 15 9 5.8 -2.4
IJT iShares S&P Small-Cap 600 Growth ETF 22.7 25 -1 5.7 -2.5
VIOG Vanguard S&P Small-Cap 600 Growth ETF 22.6 16 8 5.8 -2.4
VXF Vanguard Extended Market Index Fund 22.6 7 17 4.2 -4.0
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 22.4 35 -11 6.8 -1.4
IWO iShares Russell 2000 Growth ETF 22.3 24 0 0.9 -7.3
EWMC Invesco S&P MidCap 400 Equal Weight ETF 22.0 40 -16 7.6 -0.6
VTWG Vanguard Russell 2000 Growth Index Fund 22.0 15 9 1.0 -7.2
RWJ Invesco S&P SmallCap 600 Revenue ETF 21.3 39 -15 6.3 -1.9
SMDY Syntax Stratified MidCap ETF 21.2 30 -6 7.0 -1.2
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 20.9 35 -11 9.0 +0.8
FNY First Trust Mid Cap Growth AlphaDEX Fund 20.9 70 -46 2.2 -6.0
VFMO Vanguard U.S. Momentum Factor ETF 20.9 13 11 2.2 -6.0
SFYX Sofi Next 500 ETF 20.6 0 24 6.4 -1.8
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 20.5 12 12 9.0 +0.8
PQSG PGIM QMA Strategic Alpha Small-Cap Growth ETF 20.3 29 -5 2.3 -5.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 20.2 66 -42 2.8 -5.5
PSC Principal U.S. Small Cap Index ETF 20.2 38 -14 8.0 -0.2
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 20.1 29 -5 11.4 +3.2
VBK Vanguard Small-Cap Growth Index Fund 20.0 7 17 2.8 -5.5
EES WisdomTree SmallCap Earnings Fund 19.9 38 -14 12.6 +4.4
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 19.8 20 4 10.7 +2.5
AVUV Avantis U.S. Small Cap Value ETF 19.4 25 -1 10.2 +2.0
VFMF Vanguard U.S. Multifactor ETF 19.3 18 6 7.8 -0.4
MDYG SPDR S&P 400 Mid Cap Growth ETF 19.2 15 9 5.1 -3.1
IJK iShares S&P Mid-Cap 400 Growth ETF 19.2 24 0 5.0 -3.2
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 18.8 15 9 5.1 -3.1
FYC First Trust Small Cap Growth AlphaDEX Fund 18.6 70 -46 2.8 -5.4
SLYV SPDR S&P 600 Small Cap Value ETF 18.1 15 9 10.3 +2.1
IJS iShares S&P Small-cap 600 Value ETF 18.1 25 -1 10.1 +1.9
VIOV Vanguard S&P Small-Cap 600 Value ETF 18.0 15 9 10.0 +1.8
VUSE Vident Core US Equity Fund 18.0 48 -24 8.5 +0.3
RNMC Mid Cap US Equity Select ETF 18.0 60 -36 8.6 +0.4
ISMD Inspire Small/Mid Cap Impact ETF 17.5 61 -37 7.4 -0.8
PXSG Invesco S&P SmallCap Momentum ETF 17.5 39 -15 5.6 -2.6
JKL iShares Morningstar Small Cap Value ETF 17.3 30 -6 11.0 +2.8
VFVA Vanguard U.S. Value Factor ETF 17.1 13 11 12.8 +4.6
RWK Invesco S&P MidCap 400 Revenue ETF 17.1 39 -15 8.4 +0.2
DWAS Invesco DWA SmallCap Momentum ETF 16.8 60 -36 -1.1 -9.3
JKJ iShares Morningstar Small-Cap ETF 16.6 25 -1 6.9 -1.3
VFLQ Vanguard U.S. Liquidity Factor ETF 16.1 13 11 3.9 -4.3
SCHM Schwab U.S. Mid-Cap ETF 15.8 4 20 6.9 -1.3
TUSA First Trust Total US Market AlphaDEX ETF 15.5 70 -46 6.8 -1.4
RZG Invesco S&P Smallcap 600 Pure Growth ETF 15.3 35 -11 6.8 -1.4
RNSC Small Cap US Equity Select ETF 15.0 60 -36 8.5 +0.3
DES WisdomTree U.S. SmallCap Dividend Fund 14.3 38 -14 9.4 +1.2
IWC iShares Micro-Cap ETF 14.1 60 -36 -4.1 -12.3
BUY USCF SummerHaven SHPEI Index Fund 13.7 80 -56 11.8 +3.6
XMMO Invesco S&P MidCap Momentum ETF 13.6 39 -15 4.5 -3.7
BFOR Barron's 400 ETF 13.5 66 -42 6.8 -1.4
MDYV SPDR S&P 400 Mid Cap Value ETF 13.1 15 9 9.2 +1.0
IJJ iShares S&P Mid-Cap 400 Value ETF 13.1 25 -1 9.1 +0.9
JKK iShares Morningstar Small-Cap Growth ETF 13.0 30 -6 1.5 -6.7
IVOV Vanguard S&P Mid-Cap 400 Value ETF 12.9 15 9 9.3 +1.1
VFQY Vanguard U.S. Quality Factor ETF 12.5 13 11 6.7 -1.5
SQLV Legg Mason Small-Cap Quality Value 12.5 62 -38 8.0 -0.2
FAB First Trust Multi Cap Value AlphaDEX Fund 12.4 71 -47 10.9 +2.7
RFG Invesco S&P Midcap 400 Pure Growth ETF 12.4 35 -11 4.1 -4.1
FYT First Trust Small Cap Value AlphaDEX Fund 12.1 72 -48 10.4 +2.2
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 11.9 80 -56 5.8 -2.4

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
VictoryShares USAA MSCI USA Small Cap Value Momentum ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.6 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 24 bp
Equals: ALTAR Score 8.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.52
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.