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Sunday, August 23, 2026The Morning Brief →Sign in
ULVMUSAA MSCI USA VALUE MOMENTUM BLEND INDEX ETF

USAA MSCI USA VALUE MOMENTUM BLEND INDEX ETF

$109.51+0.32% today
8811152-WK
Price & daily flows
106.299.592.9109.51DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN

The desk’s read

Flows are quiet — the past month netted out near zero, while the price has returned +18.5% so far this year.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$164Massets under management
expense ratio
net flow, trailing month
3Kavg daily volume, 30 days
127holdings · US-domiciled
2024listed June 10, 2024 · beta 0.58
Sector weights
Finance26.23%
Financial Services18.52%
Financials18.46%
Industrials14.92%
Technology14.41%
Information Technology14.38%
Healthcare13.09%
Consumer Discretionary12.33%
Real Estate9.94%
Consumer Cyclical8.16%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States100%
Bermuda1.46%
Other1.07%
Switzerland1.05%
United Kingdom0.98%
Ireland0.85%
Netherlands0.67%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-1.6%
1 month+1.7%
3 months+6.0%
6 months+9.9%
YTD+18.5%
1 year+24.1%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month
3 months
YTD
1 year

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

The risk read
9%realized volatility, 30 days (annualized)
11%realized volatility, 1 year
-6.7%deepest fall from a peak, 1 year
-1.6%where it sits vs. that peak today

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

The case against ULVM

Due diligence cuts both ways. These funds sit on the same shelf and beat ULVM on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
IVW iShares S&P 500 Growth ETF0.18%$77.4B+$322M473× the assets · +$322M in over the monthHead-to-head
IVE iShares S&P 500 Value ETF0.18%$50.4B+$51M308× the assets · +$51M in over the monthHead-to-head
QUAL iShares MSCI USA Quality Factor ETF0.15%$47.9B+$574M292× the assets · +$574M in over the monthHead-to-head
IUSG iShares Core S&P U.S. Growth ETF0.04%$33.8B+$668M206× the assets · +$668M in over the monthHead-to-head
EFV iShares MSCI EAFE Value ETF0.34%$31.4B+$2.8B192× the assets · +$2.8B in over the monthHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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