ULVM vs. FMDE ETF Comparison

Comparison of VictoryShares USAA MSCI USA Value Momentum ETF (ULVM) to Fidelity Enhanced Mid Cap ETF (FMDE)

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

$85.91

Average Daily Volume

2,584

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

FMDE

Fidelity Enhanced Mid Cap ETF

FMDE Description

The fund will normally invest at least 80% of assets in common stocks included in the Russell Midcap® Index, which is a market capitalization-weighted index designed to measure the performance of the mid-cap segment of the U.S. equity market. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$34.57

Average Daily Volume

149,918

Number of Holdings ^*

292

* may have additional holdings in another (foreign) market

Performance

Period	ULVM	FMDE
30 Days	5.01%	6.40%
60 Days	7.56%	8.81%
90 Days	9.10%	10.43%
12 Months	35.97%	38.09%

50 Overlapping Holdings

Symbol	Grade	Weight in ULVM	Weight in FMDE	Overlap
ADM	D	0.44%	0.07%	0.07%
APP	B	0.95%	0.3%	0.3%
BK	A	1.23%	0.99%	0.99%
BLDR	D	0.42%	0.2%	0.2%
CBRE	B	0.77%	0.03%	0.03%
CFG	B	0.67%	0.23%	0.23%
CI	D	0.88%	0.06%	0.06%
CNC	D	0.54%	0.57%	0.54%
CSL	C	0.77%	0.05%	0.05%
CVNA	B	0.38%	0.75%	0.38%
DAL	B	0.91%	0.05%	0.05%
DD	C	0.68%	0.58%	0.58%
DGX	A	0.92%	0.04%	0.04%
DHI	F	0.47%	0.37%	0.37%
EME	A	0.79%	0.31%	0.31%
EQH	C	0.93%	0.62%	0.62%
EXC	C	0.85%	0.11%	0.11%
FANG	C	0.7%	0.26%	0.26%
GDDY	A	0.98%	0.29%	0.29%
GRMN	B	0.85%	0.52%	0.52%
HIG	B	0.99%	0.4%	0.4%
HPE	B	0.59%	0.61%	0.59%
HPQ	B	0.6%	0.01%	0.01%
HWM	A	0.64%	0.89%	0.64%
KEY	B	0.63%	0.65%	0.63%
KMI	A	1.42%	0.14%	0.14%
KR	B	1.0%	0.73%	0.73%
L	A	1.28%	0.06%	0.06%
LDOS	C	1.11%	0.6%	0.6%
LEN	D	0.55%	0.29%	0.29%
NTAP	C	0.57%	0.64%	0.57%
NVR	D	0.77%	0.65%	0.65%
NWSA	A	0.9%	0.18%	0.18%
OC	A	0.72%	0.23%	0.23%
PHM	D	0.59%	0.05%	0.05%
RGA	A	0.87%	0.28%	0.28%
SPG	A	0.86%	0.96%	0.86%
SSNC	B	1.03%	0.59%	0.59%
STLD	B	0.78%	0.47%	0.47%
SWKS	F	0.39%	0.45%	0.39%
SYF	B	0.83%	0.36%	0.36%
TOL	B	0.54%	0.62%	0.54%
TRGP	A	1.22%	0.56%	0.56%
TXT	D	0.78%	0.59%	0.59%
UAL	A	0.89%	0.79%	0.79%
UTHR	C	0.68%	0.35%	0.35%
VICI	C	0.89%	0.63%	0.63%
VST	A	0.61%	0.94%	0.61%
WAB	B	1.05%	0.43%	0.43%
WSM	C	0.39%	0.11%	0.11%

ULVM Overweight 75 Positions Relative to FMDE

Symbol	Grade	Weight
BRK.A	B	1.39%
FI	A	1.36%
ETR	B	1.25%
LMT	D	1.21%
WELL	A	1.2%
WMT	A	1.18%
BSX	A	1.18%
PEG	A	1.18%
GD	D	1.17%
DUK	C	1.16%
PKG	A	1.13%
T	A	1.07%
JPM	A	1.05%
FOXA	A	1.04%
RTX	D	1.03%
AVB	B	0.99%
GS	A	0.98%
CTSH	B	0.97%
MCK	A	0.95%
COST	A	0.95%
WFC	A	0.94%
BAC	A	0.93%
AIG	B	0.93%
COF	C	0.93%
AXP	A	0.91%
MLM	C	0.9%
TSN	B	0.89%
ESS	B	0.88%
VZ	C	0.88%
LYB	F	0.86%
WY	F	0.84%
KIM	A	0.84%
IBM	C	0.84%
KHC	F	0.83%
C	A	0.83%
DOW	F	0.82%
APH	A	0.82%
IR	B	0.81%
FITB	B	0.78%
IRM	C	0.77%
GM	C	0.76%
TFC	A	0.74%
GOOGL	C	0.74%
IP	A	0.73%
KKR	A	0.72%
REGN	F	0.72%
VTRS	A	0.71%
ELV	F	0.71%
CASY	A	0.71%
PSX	C	0.7%
HCA	F	0.7%
FCNCA	A	0.69%
PFE	F	0.68%
GE	D	0.67%
CRBG	B	0.67%
VLO	C	0.62%
FDX	B	0.6%
ARE	F	0.58%
MPC	D	0.58%
MSTR	B	0.58%
URI	C	0.57%
CVS	D	0.56%
THC	D	0.56%
META	D	0.53%
LLY	F	0.51%
ALLY	C	0.49%
VRT	B	0.49%
F	C	0.48%
WDC	D	0.46%
AVGO	D	0.43%
NVDA	B	0.42%
MU	D	0.41%
INTC	C	0.41%
DELL	B	0.34%
MRNA	F	0.16%

ULVM Underweight 242 Positions Relative to FMDE

Symbol	Grade	Weight
WMB	A	-1.12%
SQ	A	-0.97%
CMI	A	-0.94%
PRU	A	-0.85%
MSCI	C	-0.84%
RJF	A	-0.78%
CAH	B	-0.74%
EXPE	B	-0.73%
STT	B	-0.72%
RBLX	C	-0.72%
WTW	B	-0.72%
ROST	D	-0.71%
VEEV	C	-0.71%
TOST	B	-0.69%
TWLO	A	-0.67%
ZM	C	-0.67%
AXON	A	-0.67%
PPG	F	-0.66%
CSGP	D	-0.66%
DOCU	B	-0.65%
NRG	B	-0.65%
CLX	A	-0.65%
CCL	A	-0.65%
AIZ	A	-0.63%
FIS	C	-0.63%
EIX	B	-0.61%
IDXX	F	-0.61%
HUBS	A	-0.61%
NUE	C	-0.6%
AMP	A	-0.6%
INCY	C	-0.6%
CCI	C	-0.6%
CW	C	-0.59%
HUBB	B	-0.59%
LNG	A	-0.59%
EA	A	-0.58%
ALLE	C	-0.58%
LYFT	C	-0.57%
ALL	A	-0.57%
DBX	B	-0.56%
DKNG	B	-0.56%
FTV	C	-0.54%
PYPL	B	-0.54%
GL	C	-0.54%
FFIV	B	-0.54%
MANH	D	-0.54%
EXEL	B	-0.52%
CNP	A	-0.52%
CTAS	B	-0.52%
UNM	A	-0.52%
DCI	B	-0.52%
COR	B	-0.51%
TPR	B	-0.51%
GILD	C	-0.51%
MPWR	F	-0.51%
QRVO	F	-0.5%
MSI	B	-0.5%
CACI	D	-0.49%
GAP	C	-0.49%
AMH	C	-0.49%
ECL	D	-0.49%
CCK	D	-0.48%
TDC	D	-0.48%
TT	A	-0.48%
BURL	B	-0.48%
AXTA	B	-0.47%
BWXT	B	-0.47%
BERY	C	-0.46%
PSA	C	-0.46%
BRX	A	-0.45%
NYT	D	-0.45%
MEDP	D	-0.45%
HLT	A	-0.45%
PEGA	B	-0.45%
ANF	F	-0.45%
NDAQ	A	-0.44%
CRUS	D	-0.44%
SNX	D	-0.44%
LNW	F	-0.44%
NBIX	C	-0.44%
PLTR	B	-0.43%
VMC	B	-0.42%
GWW	B	-0.42%
CL	D	-0.42%
EVRG	A	-0.41%
NVT	B	-0.41%
AME	A	-0.4%
SOLV	D	-0.39%
AM	A	-0.39%
CPNG	D	-0.39%
FIX	A	-0.38%
EEFT	B	-0.38%
PCAR	B	-0.38%
IGT	F	-0.38%
ALSN	B	-0.37%
VMI	B	-0.37%
KLAC	F	-0.36%
PCG	A	-0.36%
HXL	F	-0.35%
LPX	B	-0.35%
ZION	B	-0.34%
RNG	C	-0.34%
SEE	C	-0.34%
DUOL	A	-0.33%
IQV	F	-0.33%
GIS	D	-0.33%
NTNX	B	-0.33%
WCC	B	-0.33%
WU	F	-0.33%
UHS	D	-0.32%
BLD	D	-0.32%
EBAY	D	-0.32%
Z	A	-0.32%
COIN	C	-0.31%
CPAY	A	-0.31%
DVN	F	-0.31%
AYI	B	-0.31%
RS	B	-0.3%
EQR	C	-0.29%
MGM	D	-0.28%
XEL	A	-0.28%
MTDR	B	-0.28%
GLPI	C	-0.27%
IFF	D	-0.27%
BAH	F	-0.27%
CBOE	C	-0.27%
DXCM	C	-0.27%
A	D	-0.27%
ELAN	D	-0.27%
ZG	A	-0.26%
BMY	B	-0.26%
ZBRA	B	-0.25%
PLTK	B	-0.25%
BILL	A	-0.25%
BRO	B	-0.25%
CDW	F	-0.25%
INGR	C	-0.24%
LHX	C	-0.24%
SEIC	B	-0.24%
GTES	A	-0.23%
TW	A	-0.22%
HRB	D	-0.22%
MTB	A	-0.22%
HES	B	-0.22%
SBAC	D	-0.22%
KMB	C	-0.22%
FLS	B	-0.21%
DFS	B	-0.21%
PCTY	C	-0.21%
HII	F	-0.21%
ADTN	A	-0.2%
GPN	B	-0.2%
DKS	D	-0.2%
MKTX	D	-0.19%
RCL	A	-0.18%
NOC	D	-0.18%
ACM	B	-0.17%
MKL	A	-0.16%
DASH	B	-0.16%
WWD	C	-0.16%
USFD	A	-0.16%
SAM	C	-0.15%
DOC	C	-0.15%
KD	B	-0.15%
GXO	B	-0.14%
TPL	A	-0.14%
CINF	A	-0.13%
ATI	C	-0.13%
ANSS	B	-0.13%
REG	A	-0.13%
FTI	A	-0.12%
CHDN	B	-0.12%
ITT	A	-0.12%
AES	F	-0.12%
CBSH	B	-0.11%
MORN	B	-0.11%
IBKR	A	-0.11%
GEHC	D	-0.11%
NWS	A	-0.11%
SYY	D	-0.11%
ROP	B	-0.1%
CTRE	C	-0.1%
LUV	C	-0.1%
AWK	C	-0.1%
VLTO	C	-0.1%
CTRA	B	-0.1%
AXS	A	-0.09%
ACGL	C	-0.09%
ES	C	-0.09%
LPLA	A	-0.09%
LEG	F	-0.08%
XRAY	F	-0.08%
MCHP	F	-0.08%
WBD	B	-0.08%
VSTS	C	-0.07%
JHG	B	-0.07%
CWEN	C	-0.07%
MSA	F	-0.07%
AMT	C	-0.06%
DTE	C	-0.06%
WDAY	B	-0.06%
FR	D	-0.06%
EG	C	-0.06%
VIRT	A	-0.06%
TNL	A	-0.06%
HUM	C	-0.06%
NSC	B	-0.06%
WEN	D	-0.05%
EGP	D	-0.05%
TXG	F	-0.05%
NTRA	A	-0.05%
OGE	A	-0.04%
BBWI	C	-0.04%
BIIB	F	-0.04%
CWEN	C	-0.04%
ULTA	F	-0.04%
U	C	-0.04%
K	A	-0.04%
CF	A	-0.03%
BBY	D	-0.03%
EPR	C	-0.03%
REYN	D	-0.03%
AKAM	D	-0.03%
TXRH	B	-0.03%
BMRN	F	-0.03%
CNM	D	-0.03%
SF	B	-0.03%
JAZZ	B	-0.02%
QGEN	D	-0.02%
POST	C	-0.02%
AFL	B	-0.02%
AJG	A	-0.02%
OVV	B	-0.02%
ED	C	-0.02%
HAL	C	-0.02%
MRO	B	-0.02%
LSCC	D	-0.01%
STAG	D	-0.01%
OKE	A	-0.01%
SWK	D	-0.01%
HOOD	B	-0.01%
ARW	D	-0.01%