Data as of Oct 28, 2026.
USVM vs VBR: Differences, Returns & Fees
Over the year to Oct 28, 2026, USVM returned +19.6% to VBR's +17.6%; 21% of their weight is in the same names.
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Net assets: $1.7bn on Jun 30, 2026 for VictoryShares US Small Mid Cap Value Momentum ETF, and $35.1bn on Sep 30, 2026 for Vanguard Morningstar Small-Cap Value ETF.
Pair scorecard
VBR costs 0.24 points a year less; their one-year returns differ by 2.0 points.
| Measure | USVM | VBR |
|---|---|---|
| Return | ||
| Total return, 1 year | +19.6% | +17.6% |
| Drawdown | ||
| Below its high | 5.3%, high on Aug 4, 2026 | 3.9%, high on Aug 14, 2026 |
| Benchmark | ||
| What it tracks | Nasdaq Victory US Small Mid Cap Value Momentum Index | Morningstar US Small Cap Value Index |
| Cost and size | ||
| Expense ratio | 0.29% | 0.05% |
| Net assets, USVM as of Jun 30, 2026 and VBR as of Sep 30, 2026 | $1.7bn | $35.1bn |
| Holdings | ||
| Holdings in common | 21% | |
| Top ten holdings, share of the fund | 6.9% | 5.9% |
Holdings in common uses holdings dated Jun 30, 2026 and Sep 30, 2026. Method
Risk and return
Nov 3, 2017 to Oct 23, 2026 · 468 weekly returnsUSVM returned more: +142.9% to +125.1%. USVM and VBR swung about the same: 22.3% and 22.8%. USVM fell slightly less at its worst: −41.3% to −43.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | USVM | VBR | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +142.9% | +125.1% | USVM | Price change plus distributions, reinvested. |
| Annualized | +10.4% | +9.4% | USVM (slight) | Total return as a yearly rate. |
| Price return | +110.2% | +86.7% | USVM | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 22.3% | 22.8% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 15.7% | 16.1% | USVM (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −41.3% | −43.3% | USVM (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.43 | 0.39 | USVM (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.62 | 0.55 | USVM | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.25 | 0.22 | USVM | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 468 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, USVM and VBR hold 21% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Sep 30, 2026.
half
21% in common
Only in one fund ↓
Side by side
USVM and VBR on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
USVM and VBR are built for the same job. How do they differ in cost, holdings and results?
- What each follows. USVM follows Nasdaq Victory US Small Mid Cap Value Momentum Index and VBR follows Morningstar US Small Cap Value Index.
- Holdings in common. 21% of the weight is in the same securities (holdings dated Jun 30, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 USVM returned +19.6% and VBR +17.6% with distributions reinvested, a gap of 2.0 points.
Data as of Oct 28, 2026.
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USVM
USVM tracks an index. Over the year to Oct 28, 2026 it returned +19.6% with distributions reinvested. The prospectus expense ratio is 0.29% a year. By its holdings filed for Jun 30, 2026, 5% of the fund by weight is stocks the S&P 500 also holds, across 288 positions, with the top ten at 6.9%. It sat 5.3% below its high of Aug 4, 2026 on Oct 28, 2026.
VBR
VBR tracks an index of Small-Cap Value. Over the year to Oct 28, 2026 it returned +17.6% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 30% of the fund by weight is stocks the S&P 500 also holds, across 822 positions, with the top ten at 5.9%. It sat 3.9% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, USVM or VBR?
- In the year to Oct 28, 2026, with distributions reinvested, USVM returned +19.6% and VBR +17.6%.
- Which is cheaper, USVM or VBR?
- VBR is cheaper, by 0.24 percentage points a year. That is about $24 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, USVM against VBR, data as of Oct 28, 2026. https://etfiq.com/compare/any/usvm-vs-vbr
ETFIQ. (Oct 28, 2026). USVM against VBR. Retrieved from https://etfiq.com/compare/any/usvm-vs-vbr
[USVM against VBR (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/usvm-vs-vbr)
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