ULVM vs. FFLC ETF Comparison

Comparison of VictoryShares USAA MSCI USA Value Momentum ETF (ULVM) to Fidelity Fundamental Large Cap Core ETF (FFLC)

ULVM

VictoryShares USAA MSCI USA Value Momentum ETF

ULVM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the MSCI USA Select Value Momentum Blend Index. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is designed to deliver exposure to equity securities of large- and mid-capitalization U.S. issuers within the MSCI USA Index (the parent index) that have higher exposure to value and momentum factors, while also maintaining moderate index turnover and lower realized volatility than traditional capitalization-weighted indexes.

Grade (RS Rating)

Last Trade

$79.26

Average Daily Volume

662

Number of Holdings ^*

122

* may have additional holdings in another (foreign) market

FFLC

Fidelity Fundamental Large Cap Core ETF

FFLC Description

FFLC seeks to achieve long-term capital growth by investing in a global core equity portfolio of large-cap stocks. The adviser generally defines large caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The portfolio includes stocks with growth and/or value characteristics. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity New Millennium ETF under the ticker FMIL. The fund previously used a semitransparent ETF structure.

Grade (RS Rating)

Last Trade

$44.69

Average Daily Volume

94,548

Number of Holdings ^*

133

* may have additional holdings in another (foreign) market

Performance

Period	ULVM	FFLC
30 Days	2.01%	0.31%
60 Days	3.52%	2.90%
90 Days	5.81%	2.39%
12 Months	27.32%	33.89%

30 Overlapping Holdings

Symbol	Grade	Weight in ULVM	Weight in FFLC	Overlap
BAC	D	0.8%	0.9%	0.8%
BLDR	C	0.44%	0.39%	0.39%
BSX	B	1.08%	1.23%	1.08%
CBRE	A	0.92%	0.39%	0.39%
CE	D	0.58%	0.49%	0.49%
CI	C	0.69%	0.52%	0.52%
CMG	C	0.79%	0.42%	0.42%
CNC	C	0.82%	0.51%	0.51%
ESS	B	0.96%	0.18%	0.18%
ETN	C	0.71%	1.05%	0.71%
GE	B	0.72%	0.9%	0.72%
GOOGL	D	0.57%	2.4%	0.57%
GS	D	0.95%	0.33%	0.33%
IR	C	0.82%	0.73%	0.73%
JBL	D	0.37%	0.67%	0.37%
JPM	D	1.19%	0.98%	0.98%
LEN	B	0.71%	0.39%	0.39%
LLY	C	0.75%	1.93%	0.75%
META	A	0.55%	2.57%	0.55%
MLM	D	0.76%	0.48%	0.48%
MU	F	0.35%	0.14%	0.14%
NVDA	D	0.41%	3.39%	0.41%
NVR	B	0.94%	0.45%	0.45%
PH	B	0.89%	1.02%	0.89%
REGN	C	1.33%	0.76%	0.76%
UBER	C	0.59%	1.04%	0.59%
URI	B	0.55%	0.37%	0.37%
VRT	C	0.31%	0.46%	0.31%
VST	C	0.39%	0.65%	0.39%
WFC	D	0.79%	1.08%	0.79%

ULVM Overweight 92 Positions Relative to FFLC

Symbol	Grade	Weight
BRK.A	C	1.75%
L	B	1.42%
HIG	A	1.32%
DUK	C	1.31%
BK	A	1.27%
SSNC	B	1.25%
ED	C	1.2%
CTSH	C	1.17%
PKG	B	1.11%
COST	C	1.1%
IRM	B	1.09%
VICI	C	1.09%
ETR	A	1.09%
ELV	C	1.08%
AVB	B	1.08%
GD	B	1.07%
DGX	B	1.06%
LDOS	C	1.04%
T	B	1.03%
IBM	B	1.03%
LYB	F	1.02%
FOXA	B	1.02%
AIG	D	1.01%
CAH	C	1.0%
APH	D	1.0%
MCK	F	0.98%
KHC	C	0.97%
TSN	C	0.96%
HCA	B	0.92%
KR	B	0.91%
WAB	A	0.91%
AXP	B	0.91%
SPG	B	0.9%
FNF	A	0.89%
EXC	B	0.88%
CPRT	D	0.88%
TDG	B	0.87%
WY	C	0.86%
NWSA	D	0.86%
KIM	B	0.85%
VZ	B	0.85%
AKAM	D	0.85%
TXT	D	0.84%
C	D	0.84%
GDDY	C	0.84%
FDX	C	0.83%
PCAR	D	0.81%
GPN	D	0.78%
COF	C	0.78%
HST	D	0.78%
DHI	B	0.77%
VTRS	C	0.75%
SYF	C	0.75%
KKR	B	0.75%
PFE	C	0.74%
DLR	B	0.72%
UHAL	B	0.72%
FANG	D	0.72%
PHM	B	0.72%
FCNCA	D	0.72%
PSX	D	0.71%
CSL	C	0.71%
GM	B	0.68%
FITB	B	0.68%
CFG	D	0.66%
DPZ	F	0.65%
RCL	B	0.65%
SWKS	F	0.65%
MPC	D	0.63%
CRBG	D	0.62%
WLK	D	0.62%
HPQ	D	0.61%
NUE	F	0.6%
KEY	B	0.6%
HPE	D	0.6%
VLO	D	0.59%
STLD	D	0.59%
CVS	D	0.58%
AVGO	C	0.57%
OC	C	0.56%
DAL	C	0.55%
ARE	B	0.53%
EXPE	C	0.51%
ADM	D	0.5%
F	D	0.49%
WDC	D	0.46%
UAL	B	0.42%
CRWD	F	0.38%
INTC	F	0.3%
DELL	D	0.25%
MRNA	F	0.18%
SMCI	F	0.13%

ULVM Underweight 103 Positions Relative to FFLC

Symbol	Grade	Weight
MSFT	C	-7.7%
AAPL	D	-4.51%
AMZN	C	-3.26%
UNH	C	-1.72%
V	B	-1.63%
XOM	D	-1.49%
ADBE	D	-1.41%
BA	F	-1.31%
AMD	F	-1.27%
TJX	C	-1.2%
CMCSA	D	-1.16%
NFLX	B	-1.06%
TMO	C	-1.03%
CRM	D	-0.98%
CB	B	-0.97%
INTU	D	-0.92%
NKE	D	-0.92%
PWR	B	-0.92%
KVUE	B	-0.88%
DHR	B	-0.82%
SO	B	-0.82%
LIN	B	-0.81%
ORCL	B	-0.79%
FCX	D	-0.75%
CAT	C	-0.75%
KO	B	-0.73%
APTV	D	-0.71%
BKR	D	-0.7%
SHOP	C	-0.69%
ON	D	-0.69%
LMT	C	-0.68%
NXPI	D	-0.68%
SYK	C	-0.67%
HWM	B	-0.67%
GNRC	D	-0.66%
CEG	C	-0.66%
KDP	A	-0.63%
BKNG	B	-0.61%
MS	D	-0.6%
NOC	B	-0.6%
SLB	F	-0.6%
BJ	D	-0.58%
TSM	D	-0.58%
DIS	D	-0.57%
PFGC	B	-0.57%
ADI	D	-0.55%
MMC	C	-0.53%
FLEX	C	-0.52%
LNG	D	-0.51%
RL	B	-0.51%
ABNB	D	-0.5%
WMT	B	-0.49%
HLT	B	-0.49%
CLX	C	-0.47%
AZN	D	-0.47%
BWXT	D	-0.45%
SNPS	D	-0.44%
CSCO	B	-0.44%
WDAY	D	-0.44%
DT	C	-0.43%
KBR	D	-0.42%
ESI	D	-0.42%
ARES	B	-0.41%
FCN	C	-0.41%
SPOT	B	-0.4%
ITT	C	-0.39%
FOUR	C	-0.39%
AVY	D	-0.38%
EDR	A	-0.37%
WSC	D	-0.32%
HLI	B	-0.32%
TRNO	C	-0.32%
HES	D	-0.32%
FTI	D	-0.29%
GILD	B	-0.29%
HOLX	B	-0.28%
EL	F	-0.27%
MDB	D	-0.27%
CHDN	C	-0.27%
SAM	F	-0.27%
MRK	D	-0.26%
GLPI	B	-0.26%
TT	B	-0.26%
ASML	D	-0.25%
NVO	D	-0.25%
FSLR	C	-0.25%
AR	D	-0.24%
ACGL	B	-0.24%
FND	C	-0.24%
TER	D	-0.22%
WST	D	-0.22%
DKS	D	-0.21%
STZ	C	-0.2%
WNS	F	-0.19%
FAF	B	-0.18%
OI	D	-0.17%
NFE	F	-0.16%
OWL	C	-0.16%
MASI	D	-0.12%
AGL	F	-0.12%
LEGN	F	-0.12%
LFST	C	-0.06%
MRVL	C	-0.04%