USVM vs. FFSM ETF Comparison

Comparison of VictoryShares USAA MSCI USA Small Cap Value Momentum ETF (USVM) to Fidelity Fundamental Small-Mid Cap ETF (FFSM)

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

$82.83

Average Daily Volume

13,682

Number of Holdings ^*

275

* may have additional holdings in another (foreign) market

FFSM

Fidelity Fundamental Small-Mid Cap ETF

FFSM Description

FFSM discloses holdings only on a monthly basis with a 30-day lag. The fund actively selects global mid- and small-cap companies with both growth and value factors. The portfolio is selected using fundamental and quantitative analysis, considering factors such as issuer's financial health and industry position, as well as the overall economic condition. The fund has a Tracking Basket Structure in place, which acts as a proxy portfolio that includes some of the funds holdings from recent disclosure, significant portion of the funds holdings, and cash. This is designed to track the funds daily performance, facilitate arbitrage opportunities and help mitigate the risk of front-running. However, investors should note that its non-transparent structure could result in wider spreads. Before February 26, 2024, the fund traded as Fidelity Small-Mid Cap Opportunities ETF under the ticker FSMO.

Grade (RS Rating)

Last Trade

$26.85

Average Daily Volume

23,443

Number of Holdings ^*

169

* may have additional holdings in another (foreign) market

Performance

Period	USVM	FFSM
30 Days	2.38%	4.11%
60 Days	1.62%	2.21%
90 Days	7.34%	5.92%
12 Months	25.63%	25.44%

36 Overlapping Holdings

Symbol	Grade	Weight in USVM	Weight in FFSM	Overlap
AIZ	C	0.56%	0.8%	0.56%
ALSN	B	0.44%	0.72%	0.44%
AYI	B	0.41%	0.75%	0.41%
AZZ	D	0.31%	0.33%	0.31%
BECN	D	0.35%	0.73%	0.35%
CACC	F	0.37%	0.4%	0.37%
CACI	B	0.65%	0.99%	0.65%
CMC	D	0.35%	0.66%	0.35%
CNM	F	0.28%	0.58%	0.28%
CRL	D	0.31%	0.65%	0.31%
DKS	D	0.27%	0.88%	0.27%
EME	A	0.41%	1.59%	0.41%
ESGR	D	0.49%	0.34%	0.34%
EXP	A	0.45%	1.06%	0.45%
FSS	D	0.39%	0.66%	0.39%
GMS	C	0.4%	0.35%	0.35%
JLL	B	0.43%	1.03%	0.43%
KBH	B	0.38%	0.65%	0.38%
LPX	B	0.3%	0.61%	0.3%
MEDP	D	0.23%	0.66%	0.23%
MTSI	D	0.33%	0.53%	0.33%
MUSA	B	0.6%	1.42%	0.6%
NSIT	C	0.46%	1.09%	0.46%
NXST	D	0.3%	0.86%	0.3%
OMI	D	0.15%	0.16%	0.15%
PATK	A	0.42%	0.18%	0.18%
PBH	B	0.56%	0.06%	0.06%
PVH	D	0.21%	0.52%	0.21%
RGA	B	0.57%	0.8%	0.57%
RUSHA	C	0.39%	0.35%	0.35%
SF	B	0.54%	0.51%	0.51%
SNX	D	0.46%	0.95%	0.46%
UHS	B	0.58%	1.42%	0.58%
VCEL	F	0.23%	0.14%	0.14%
VNT	D	0.37%	0.7%	0.37%
XPO	D	0.25%	0.61%	0.25%

USVM Overweight 239 Positions Relative to FFSM

Symbol	Grade	Weight
INGR	B	0.75%
DTM	B	0.71%
ENSG	A	0.7%
GBDC	C	0.7%
NHI	B	0.66%
CVLT	B	0.65%
PSN	B	0.65%
GWRE	A	0.64%
FFIV	A	0.64%
INVA	B	0.63%
MTG	B	0.63%
ESNT	B	0.62%
EHC	B	0.62%
JEF	B	0.61%
SBRA	A	0.6%
POST	C	0.6%
CSWI	B	0.59%
MDU	B	0.58%
CNO	B	0.58%
HRB	C	0.56%
AKR	B	0.56%
PINC	C	0.54%
UTHR	C	0.54%
CLH	B	0.51%
RDN	C	0.51%
TAP	C	0.5%
UNM	B	0.5%
SNDR	B	0.49%
IDCC	B	0.49%
SFM	B	0.49%
SKT	B	0.49%
HSIC	D	0.49%
HNI	C	0.49%
COOP	B	0.49%
ARW	C	0.49%
AGO	C	0.48%
BPOP	C	0.48%
GEF	D	0.48%
GHC	C	0.48%
GRBK	B	0.47%
EXEL	A	0.47%
MLI	B	0.47%
AVT	D	0.47%
TXRH	D	0.46%
CNX	B	0.46%
COKE	C	0.46%
MOG.A	B	0.45%
R	B	0.45%
VRNS	C	0.44%
RLJ	F	0.43%
SAIC	B	0.43%
STC	B	0.43%
SWX	C	0.42%
MHK	B	0.42%
CALM	B	0.42%
TGNA	C	0.41%
NAVI	C	0.41%
BIO	C	0.41%
GNW	B	0.41%
ADMA	C	0.41%
H	D	0.41%
CUZ	B	0.41%
PFSI	B	0.41%
TNC	D	0.41%
IIPR	A	0.4%
PLUS	B	0.4%
SLM	D	0.4%
LRN	B	0.4%
VCTR	B	0.4%
TMHC	B	0.39%
GPI	B	0.39%
HQY	C	0.39%
UVV	D	0.39%
ESAB	C	0.39%
AL	D	0.38%
MATX	C	0.38%
ASB	D	0.38%
APG	D	0.38%
NRG	C	0.38%
SPB	B	0.38%
TPH	C	0.38%
OMF	D	0.37%
TOL	B	0.37%
ARI	F	0.37%
DXC	C	0.37%
MHO	B	0.37%
JXN	B	0.37%
CHRD	F	0.36%
SKX	C	0.36%
ESRT	B	0.36%
WING	B	0.36%
JBGS	B	0.36%
QRVO	F	0.36%
SKYW	C	0.36%
AROC	D	0.35%
NMRK	B	0.35%
GPOR	C	0.35%
HIW	A	0.35%
UFPI	C	0.35%
ITGR	B	0.35%
CHK	D	0.35%
IVZ	C	0.35%
ROAD	A	0.35%
RL	B	0.34%
ENOV	F	0.34%
CRC	C	0.34%
IAC	C	0.34%
CCS	B	0.34%
AN	D	0.33%
PRIM	C	0.33%
MTH	B	0.33%
PHIN	C	0.33%
SEM	D	0.33%
THC	B	0.33%
CXW	D	0.32%
WGO	D	0.32%
COLL	C	0.32%
VSH	F	0.32%
DVA	A	0.32%
QTWO	B	0.32%
DINO	F	0.32%
GIII	C	0.31%
OVV	F	0.31%
FYBR	C	0.31%
BHF	F	0.31%
GFF	C	0.31%
THO	C	0.31%
CAL	F	0.31%
UGI	B	0.31%
PRGO	C	0.31%
RDNT	B	0.3%
PR	D	0.3%
COHR	C	0.3%
AZTA	D	0.3%
AMWD	C	0.3%
VSTO	B	0.3%
ANDE	D	0.3%
TTMI	D	0.29%
BTU	D	0.29%
ABG	F	0.29%
INSW	D	0.29%
CWEN	A	0.29%
GEO	D	0.28%
MOS	F	0.28%
VNO	A	0.28%
BCC	C	0.28%
SCS	C	0.28%
NTRA	B	0.28%
IBP	C	0.28%
NTCT	D	0.28%
SLVM	B	0.28%
FIX	B	0.28%
PK	F	0.28%
PEB	D	0.28%
GKOS	D	0.27%
BZH	B	0.27%
LNC	D	0.27%
IDYA	F	0.27%
UAA	C	0.27%
AMKR	D	0.27%
ALLY	F	0.27%
CUBI	F	0.27%
KRC	C	0.27%
SM	F	0.27%
CIVI	F	0.27%
UFPT	C	0.26%
NATL	D	0.26%
BLD	D	0.26%
LEVI	C	0.26%
ATSG	D	0.26%
HE	D	0.25%
AEO	F	0.25%
WSM	C	0.25%
REVG	D	0.25%
SLG	B	0.25%
MAC	B	0.25%
GBX	C	0.25%
OGN	C	0.24%
ODP	F	0.24%
IESC	C	0.24%
VECO	F	0.24%
WOR	F	0.24%
SAH	D	0.24%
FWRG	F	0.24%
MSGE	B	0.23%
MOD	C	0.23%
SANM	D	0.23%
INFA	D	0.23%
DFH	C	0.22%
ONTO	D	0.22%
HCC	D	0.22%
DDS	D	0.22%
ARCH	D	0.22%
PBF	F	0.21%
UCTT	F	0.21%
STRL	C	0.21%
RYI	F	0.21%
RAMP	F	0.21%
GES	F	0.21%
FTRE	F	0.21%
XRX	F	0.2%
TDS	B	0.2%
ALGT	F	0.2%
APP	B	0.2%
CVNA	B	0.19%
ELAN	D	0.19%
FORM	F	0.19%
RXST	C	0.19%
VSTS	D	0.19%
CLF	F	0.19%
GT	F	0.19%
JBLU	D	0.18%
SMTC	C	0.18%
SIG	C	0.18%
JELD	D	0.18%
USM	B	0.18%
PLAB	D	0.18%
KSS	F	0.17%
M	D	0.17%
ANF	D	0.17%
LPG	F	0.17%
SATS	B	0.16%
VIR	F	0.16%
HPP	F	0.16%
DYN	D	0.15%
OSCR	C	0.15%
PARA	F	0.15%
VERA	C	0.14%
POWL	C	0.13%
VKTX	C	0.13%
AMR	F	0.13%
MPW	B	0.13%
CAR	F	0.12%
GAP	F	0.12%
CENX	D	0.12%
MSTR	D	0.12%
HTZ	F	0.1%
CHGG	F	0.09%
CLSK	F	0.08%

USVM Underweight 133 Positions Relative to FFSM

Symbol	Grade	Weight
FTI	D	-1.66%
TPX	C	-1.43%
AZO	C	-1.41%
BJ	D	-1.32%
AR	D	-1.29%
ACGL	A	-1.25%
CROX	C	-1.15%
ITT	C	-1.15%
FN	D	-1.14%
MOH	C	-1.11%
WHD	C	-1.07%
TMDX	D	-1.07%
CR	C	-1.05%
USFD	A	-1.05%
PFGC	B	-1.03%
RRX	C	-0.99%
ORI	B	-0.95%
LNG	C	-0.94%
DFS	C	-0.93%
DOX	C	-0.93%
VRT	C	-0.91%
AIT	C	-0.86%
STX	D	-0.79%
SN	B	-0.79%
LBRT	D	-0.76%
AME	D	-0.76%
BC	D	-0.75%
SNV	C	-0.74%
AEIS	D	-0.74%
GPK	A	-0.73%
BOOT	B	-0.73%
FCNCA	D	-0.73%
PNFP	B	-0.72%
FAF	A	-0.71%
HLI	A	-0.68%
PCG	B	-0.68%
ASGN	D	-0.67%
ON	D	-0.67%
VTR	B	-0.66%
TGLS	B	-0.65%
LPLA	F	-0.64%
CADE	C	-0.63%
WBS	D	-0.61%
MMS	D	-0.61%
ATKR	F	-0.61%
G	B	-0.6%
STLD	F	-0.6%
PRI	B	-0.59%
CHDN	B	-0.58%
HOLX	B	-0.58%
AES	C	-0.58%
ACM	B	-0.58%
CC	F	-0.57%
ESI	D	-0.56%
KBR	D	-0.56%
BCO	B	-0.54%
CBT	B	-0.54%
ASO	C	-0.53%
CIEN	C	-0.53%
EBC	B	-0.52%
TEX	D	-0.52%
WTFC	C	-0.52%
CAH	B	-0.52%
TENB	D	-0.51%
HAYW	D	-0.5%
NOMD	B	-0.49%
CWK	B	-0.49%
EPRT	A	-0.49%
AFG	B	-0.48%
RJF	C	-0.48%
BOKF	B	-0.46%
AMN	F	-0.44%
AXTA	C	-0.43%
OLN	D	-0.43%
EAT	B	-0.41%
FIBK	C	-0.41%
CNXC	D	-0.4%
CHX	D	-0.4%
ARGX	B	-0.39%
LW	D	-0.38%
LITE	C	-0.37%
NOG	F	-0.37%
FBP	D	-0.36%
IP	B	-0.35%
LEA	F	-0.35%
PRCT	B	-0.35%
GTES	C	-0.35%
ARCB	D	-0.35%
FROG	F	-0.33%
DIOD	F	-0.33%
MASI	D	-0.31%
MTB	B	-0.3%
WIX	D	-0.3%
FLEX	D	-0.3%
IBTX	B	-0.3%
GVA	B	-0.3%
LAUR	C	-0.29%
DOOO	F	-0.29%
COMP	B	-0.29%
LCII	C	-0.29%
ALGM	D	-0.25%
AAP	F	-0.25%
PCVX	B	-0.22%
RGEN	F	-0.22%
MDGL	F	-0.21%
KFRC	F	-0.21%
CRNX	C	-0.2%
CYTK	D	-0.2%
XPRO	F	-0.19%
NUVL	B	-0.14%
CSTM	D	-0.14%
ACLX	B	-0.14%
ICLR	F	-0.12%
CLDX	C	-0.12%
VRDN	C	-0.11%
HELE	D	-0.11%
ANAB	C	-0.11%
LBPH	D	-0.1%
AUTL	F	-0.1%
AXSM	C	-0.1%
EWTX	D	-0.1%
TCBK	C	-0.09%
XENE	D	-0.09%
MRUS	D	-0.08%
ARVN	F	-0.05%
KROS	C	-0.02%
TXG	D	-0.02%
MORF	A	-0.0%
INSM	D	-0.0%
ALXO	F	-0.0%
ICHR	F	-0.0%
OI	D	-0.0%
ZNTL	D	-0.0%