VictoryShares US Value Momentum ETF (ULVM)
ARCA ARCA Primary 
ULVM: Low Beta, High EY Portfolio With Multiple Disadvantages, A Hold
VictoryShares US Value Momentum ETF earns a Hold rating due to long-term vulnerabilities despite impressive YTD performance. ULVM's strategy interestingly blends value and momentum factors, but its low volatility tilt is expected to detract from long-term returns versus IVV. ULVM's portfolio is overweight in financials and underweight in IT, with a 6% weighted average earnings yield, yet it lags IVV in forward EPS growth and GARP metrics.
ULVM: Unattractive Cocktail Of Value And Momentum
VictoryShares US Value Momentum ETF selects large caps using value and momentum scores and weighs them favoring low-volatility stocks. ULVM is well-diversified across holdings and sectors, with a focus on financials and industrials. As expected, valuation ratios look better than for the benchmark, while growth metrics are only slightly inferior.
