USVM vs. CBLS ETF Comparison

Comparison of VictoryShares USAA MSCI USA Small Cap Value Momentum ETF (USVM) to Changebridge Capital Long/Short Equity ETF (CBLS)

USVM

VictoryShares USAA MSCI USA Small Cap Value Momentum ETF

USVM Description

The investment 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. 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 small-capitalization U.S. issuers within the MSCI USA Small Cap 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

$88.17

Average Daily Volume

6,856

Number of Holdings ^*

278

* may have additional holdings in another (foreign) market

CBLS

Changebridge Capital Long/Short Equity ETF

CBLS Description

The investment seeks long-term capital appreciation while minimizing volatility. The Adviser also considers an assessment of a company's ESG attributes in determining the attractiveness of an investment opportunity. In general, the fund's investments are broadly invested over a number of sectors, but it may focus on the technology, consumer, and healthcare sectors. Under normal circumstances, at least 80% of the fund's net assets, plus borrowings for investment purposes, will be invested long or short in equity securities, including common stocks and depositary receipts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.68

Average Daily Volume

1,925

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	USVM	CBLS
30 Days	1.68%	3.75%
60 Days	4.65%	5.01%
90 Days	7.88%	4.70%
12 Months	34.52%	35.57%

6 Overlapping Holdings

Symbol	Grade	Weight in USVM	Weight in CBLS	Overlap
GIII	D	0.32%	-0.97%	-0.97%
HUMA	F	0.12%	2.11%	0.12%
POST	C	0.54%	-0.5%	-0.5%
R	B	0.45%	-0.95%	-0.95%
STRL	A	0.32%	2.54%	0.32%
WTTR	A	0.36%	3.07%	0.36%

USVM Overweight 272 Positions Relative to CBLS

Symbol	Grade	Weight
DTM	A	0.8%
UNM	A	0.78%
INGR	B	0.69%
CACI	C	0.69%
SF	B	0.66%
CW	B	0.66%
KBR	F	0.62%
CTRE	C	0.6%
CNX	A	0.59%
GVA	A	0.59%
ORI	A	0.59%
EHC	B	0.58%
TAP	B	0.56%
NFG	A	0.56%
SBRA	B	0.56%
JEF	A	0.56%
INVA	C	0.56%
PINC	B	0.54%
AXS	A	0.54%
AKR	A	0.53%
TXRH	B	0.53%
CALM	A	0.52%
EXEL	B	0.52%
ESAB	C	0.52%
NHI	D	0.51%
FFIV	B	0.51%
TGNA	B	0.51%
AWI	B	0.51%
PBH	A	0.5%
ENSG	D	0.5%
EVR	B	0.5%
AGO	A	0.49%
GEF	B	0.49%
ALSN	B	0.49%
CSWI	A	0.49%
GHC	B	0.48%
CNO	B	0.48%
SNDR	B	0.48%
CLH	C	0.47%
MLI	B	0.47%
PIPR	B	0.46%
GNW	A	0.46%
GEO	A	0.46%
MTG	D	0.46%
SWX	A	0.46%
LRN	A	0.46%
SFM	A	0.45%
SNX	D	0.45%
ASB	B	0.45%
AVT	C	0.45%
ACIW	B	0.45%
SKYW	B	0.45%
ESNT	D	0.45%
MATX	B	0.45%
GWRE	A	0.45%
GPOR	A	0.44%
CMC	B	0.44%
MUSA	B	0.44%
H	B	0.44%
GBX	B	0.44%
KFY	B	0.43%
PRIM	A	0.43%
PLXS	B	0.43%
COOP	B	0.43%
ENVA	B	0.42%
BPOP	C	0.42%
PSN	C	0.42%
GMS	B	0.42%
VCTR	B	0.42%
KEX	B	0.42%
HNI	B	0.42%
STC	B	0.41%
CUZ	B	0.41%
ARW	F	0.41%
MOG.A	B	0.41%
CXW	B	0.41%
RDN	D	0.41%
SEB	F	0.41%
RUSHA	B	0.4%
MCY	B	0.4%
PR	B	0.4%
ROAD	A	0.4%
ITGR	B	0.4%
DVA	C	0.4%
VSTO	A	0.4%
WT	A	0.39%
OVV	C	0.39%
WKC	D	0.39%
RL	C	0.39%
BTU	C	0.39%
CHRD	F	0.39%
MDU	D	0.39%
BCO	F	0.38%
GPI	B	0.38%
FSS	B	0.38%
AROC	A	0.38%
MTSI	B	0.37%
QTWO	B	0.37%
BIO	C	0.37%
ESRT	C	0.37%
CNK	A	0.37%
UHS	D	0.36%
PATK	D	0.36%
DY	C	0.36%
SPB	C	0.36%
PK	D	0.36%
AL	B	0.36%
ENOV	C	0.36%
BHF	C	0.36%
UVV	B	0.36%
TTMI	B	0.36%
FYBR	C	0.35%
LMAT	A	0.35%
IVZ	C	0.35%
JXN	C	0.35%
NAVI	F	0.35%
JLL	D	0.35%
ADUS	D	0.35%
NTRA	A	0.35%
RDNT	B	0.34%
PHIN	B	0.34%
TMHC	B	0.34%
HRB	D	0.34%
LNC	B	0.34%
MOS	D	0.33%
WGO	D	0.33%
HIW	D	0.33%
LPX	B	0.33%
ABG	B	0.33%
DEI	B	0.33%
ALKT	B	0.33%
REZI	A	0.33%
KRC	C	0.33%
AMWD	C	0.33%
SEM	B	0.32%
NXST	C	0.32%
UGI	C	0.32%
JBGS	F	0.32%
CRS	A	0.32%
UAA	C	0.32%
ANDE	F	0.32%
NMRK	B	0.32%
CWEN	C	0.32%
VIRT	A	0.32%
PEB	F	0.32%
ARI	C	0.32%
CVLT	B	0.32%
TPH	D	0.31%
DDS	B	0.31%
PRDO	B	0.31%
AZZ	A	0.31%
AN	D	0.31%
LZB	B	0.31%
ATGE	B	0.31%
IIPR	F	0.31%
FIX	A	0.31%
MAC	A	0.31%
CRL	D	0.31%
CORT	C	0.3%
SLG	B	0.3%
CIVI	D	0.3%
SOLV	F	0.3%
INSW	F	0.3%
NTCT	C	0.3%
ADTN	A	0.3%
IAC	D	0.29%
COKE	C	0.29%
SCS	B	0.29%
BCC	C	0.29%
SAH	B	0.29%
HALO	F	0.29%
VRNS	D	0.29%
PRGO	C	0.29%
VSH	F	0.29%
NATL	B	0.28%
LGND	C	0.28%
BHE	B	0.28%
KBH	D	0.28%
PVH	C	0.28%
SM	C	0.28%
WING	D	0.27%
VTLE	C	0.27%
IESC	A	0.27%
GT	C	0.27%
AZTA	F	0.27%
VERX	A	0.27%
MEDP	D	0.27%
GRBK	D	0.27%
CUBI	C	0.27%
DXC	D	0.27%
PLUS	F	0.26%
VYX	C	0.26%
NSIT	F	0.26%
POWL	C	0.26%
AMRX	C	0.26%
AEO	F	0.26%
CNM	C	0.26%
SANM	B	0.26%
GKOS	A	0.26%
CLF	F	0.26%
LEVI	F	0.25%
MTH	D	0.25%
HCC	B	0.25%
MHO	D	0.25%
SLVM	C	0.25%
COHR	B	0.25%
HIMS	C	0.25%
MHK	D	0.24%
BFH	B	0.24%
PBF	D	0.24%
BOOT	D	0.24%
CAL	F	0.23%
LUMN	C	0.23%
M	D	0.23%
CRNX	C	0.23%
CAR	C	0.23%
CCS	F	0.23%
BMBL	C	0.23%
ADMA	C	0.22%
JBLU	F	0.22%
DKS	D	0.22%
UCTT	F	0.22%
TDS	B	0.22%
LBPH	A	0.22%
UFPT	C	0.21%
REVG	B	0.21%
MODG	F	0.21%
MSGE	F	0.21%
GES	F	0.21%
VIR	F	0.2%
ELAN	D	0.2%
FTRE	D	0.2%
MOD	A	0.2%
COLL	F	0.2%
PI	D	0.2%
BKD	F	0.2%
USM	B	0.2%
VITL	D	0.19%
KSS	F	0.19%
AMR	C	0.19%
CRUS	F	0.19%
CLSK	C	0.19%
LPG	F	0.19%
PLAB	D	0.19%
GAP	D	0.19%
VECO	F	0.19%
HTZ	C	0.18%
ANF	C	0.18%
OGN	F	0.18%
XRX	F	0.18%
VSTS	F	0.17%
FORM	F	0.17%
AMKR	F	0.17%
SOUN	C	0.17%
SATS	C	0.17%
ODP	F	0.16%
ONTO	F	0.16%
QRVO	F	0.16%
RNA	C	0.16%
OMI	F	0.16%
AHCO	D	0.15%
JANX	C	0.15%
DFH	F	0.15%
MPW	F	0.14%
ZETA	D	0.14%
HE	C	0.13%
INSM	C	0.13%
HOV	D	0.13%
NPAB	F	0.13%
VKTX	F	0.12%
DYN	F	0.1%
MRVI	F	0.08%

USVM Underweight 57 Positions Relative to CBLS

Symbol	Grade	Weight
NVDA	A	-3.31%
LNG	A	-3.31%
INTC	C	-2.91%
AMZN	B	-2.83%
GTLS	A	-2.81%
MGNI	A	-2.76%
WMT	A	-2.75%
SKY	A	-2.73%
BWXT	A	-2.7%
COST	A	-2.64%
ORCL	A	-2.62%
CCL	A	-2.49%
RDDT	A	-2.45%
OSW	B	-2.43%
IBN	D	-2.38%
ECL	D	-2.32%
GD	D	-2.32%
NARI	C	-2.3%
RTX	D	-2.29%
ROL	B	-2.28%
D	C	-2.24%
AER	B	-2.24%
VST	A	-2.23%
SO	C	-2.23%
NEE	C	-2.12%
ERJ	A	-2.12%
SCHW	A	-2.08%
MC	B	-1.98%
ETR	A	-1.93%
SCI	A	-1.92%
DELL	B	-1.91%
TDG	D	-1.78%
CRSP	D	-0.86%
KLG	D	--0.49%
KDP	D	--0.5%
GIS	F	--0.51%
PEP	F	--0.51%
DOOO	F	--0.9%
TTC	F	--0.93%
PFE	F	--1.06%
SIG	C	--1.07%
JNJ	D	--1.1%
MRNA	F	--1.15%
MIDD	D	--1.16%
ROK	B	--1.17%
ENR	B	--1.19%
AME	A	--1.2%
NVO	F	--1.3%
LLY	F	--1.37%
F	C	--1.41%
DE	C	--1.45%
HELE	C	--1.71%
HSY	F	--1.75%
VSAT	F	--1.75%
GOGO	C	--1.77%
NOW	B	--1.8%
TSLA	A	--2.63%