ETF Evaluator:
VictoryShares US Mult-Fctr Mnmm Vltl ETF ()
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(as of Aug 26)
Best Performing in Large Value Over the Last Year
| 72.4% | iShares MSCI USA Value Factor ETF (VLUE) |
| 39.0% | SEI QiM U.S. Lrg Cap Value Actv ETF (SEIV) |
| 34.8% | LSV Disciplined Value ETF (LSVD) |
| 34.7% | iShares Core Dividend ETF (DIVB) |
| 34.4% | Avantis US Large Cap Value ETF (AVLV) |
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ETF Details
VictoryShares US Mult-Fctr Mnmm Vltl ETF Overview
VictoryShares US Mult-Fctr Mnmm Vltl ETF (VSMV) is a passively managed U.S. Equity Large Value exchange-traded fund (ETF). Victory Capital Management Inc. launched the ETF in 2017.
The investment seeks to provide investment results that track the performance of the Nasdaq Victory U.S. Multi-Factor Minimum Volatility Index before fees and expenses.
The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in securities included in the Nasdaq Victory U.S. Multi-Factor Minimum Volatility Index (the "index"). The index utilizes a rules-based approach designed to generate investment returns with less volatility than the broader U.S. market.
About VictoryShares US Mult-Fctr Mnmm Vltl ETF (VSMV)
There are 2 members of the management team with an average tenure of 5.44 years: Mannik Dhillon (2017) and Lela Dunlap (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Nasdaq Vict Multi-Factor Mini Vol TR USD index with a weighting of 100%. VictoryShares US Mult-Fctr Mnmm Vltl ETF has 63 securities in its portfolio. The top 10 holdings constitute 44.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
VictoryShares US Mult-Fctr Mnmm Vltl ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. VictoryShares US Mult-Fctr Mnmm Vltl ETF has 2.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.0% There is 2.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). VictoryShares US Mult-Fctr Mnmm Vltl ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $155 million in total assets, which is below the $5 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
VSMV Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The VictoryShares US Mult-Fctr Mnmm Vltl ETF expense ratio is below average compared to funds in the Large Value category. VictoryShares US Mult-Fctr Mnmm Vltl ETF has an expense ratio of 0.35%, which is 6% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. VictoryShares US Mult-Fctr Mnmm Vltl ETF has a portfolio turnover rate of 71%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 40% for the Large Value category.
Recently, in the month of July 2026, VictoryShares US Mult-Fctr Mnmm Vltl ETF returned -0.1%, which earned it a grade of F, as the Large Value category had an average return of 2.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
VictoryShares US Mult-Fctr Mnmm Vltl ETF has a trailing yield of 1.32%, which is below the 1.70% category average.
The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
VictoryShares US Mult-Fctr Mnmm Vltl ETF Grades
Year to date, the ETF has returned 8.7%, 5.7 percentage points worse than the category, which translates into a grade of F. The fund has returned 22.9% over the past year (grade of C), 14.8% over the past three years (grade of D) and 10.6% per year over the past five years (grade of D).
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VSMV Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| VSMV Return (NAV) | -0.1% | 1.9% | 22.9% | 14.8% | 10.6% | na |
| VSMV Return (Price) | -0.0% | 1.9% | 23.1% | 14.8% | 10.6% | na |
| NAV +/- Price Return | -0.094% | -0.093% | -0.191% | -0.070% | -0.019% | na |
| Large Value Avg | 2.4% | 5.9% | 24.1% | 16.3% | 11.3% | 12.1% |
| VSMV Grade (NAV) | F | F | C | D | D | na |
| +/- Category (NAV) | -2.5% | -4.0% | -1.2% | -1.5% | -0.7% | na |
| VSMV Tax-Cost Ratio | na | na | 0.5% | 0.5% | 0.6% | na |
VSMV Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| VSMV Return (NAV) | 8.7% | 16.7% | 15.8% | 12.2% | -7.4% | 25.6% | 5.2% | 26.2% | -0.2% | na | na |
| VSMV Return (Price) | 8.8% | 16.8% | 15.8% | 12.3% | -7.6% | 25.7% | 5.1% | 26.8% | -1.2% | na | na |
| NAV +/- Price Ret | 0.010% | 0.004% | -0.002% | 0.008% | 0.023% | 0.002% | -0.021% | 2.2% | 390.8% | na | na |
| Large Value Avg | 14.4% | 14.8% | 15.5% | 13.1% | -6.5% | 26.7% | 5.4% | 27.4% | -6.6% | 17.7% | 15.7% |
| VSMV Grade (NAV) | F | B | C | C | C | D | C | D | A | na | na |
| +/- Category | -5.7% | 1.9% | 0.3% | -0.8% | -0.9% | -1.1% | -0.2% | -1.1% | 6.3% | na | na |
| Risk Measures | |
| Beta: | 0.56 |
| R-Squared: | 60% |
| Standard Deviation: | 9.4% |
| Category Risk Index: | 0.77 |
| Category Risk Rating: | Low |
| Total Risk Index: | 0.77 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 1.3% |
| Total Assets: | $ 155 Mil |
| Share Class Assets: | $ 155 Mil |
| Turnover: | 71.0% |
| Expense Ratio: | 0.35% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 9.1 years | |||
| Average Tenure: 5.4 years | |||
| Managers (Year): Dhillon Mannik (2017), Dunlap Lela (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 63 |
| % in Top 10 Holdings: | 44.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 2.9% |
Portfolio Allocation |
|
| Domestic Stock: | 97.0% |
| Foreign Stock: | 2.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Victory Capital Management Inc. |
| Phone Number: | 866-376-7890 |
| Website: | www.CompassEMPFunds.com |
| Inception Date: | June 21, 2017 |
Expenses and Fees
| Expense Ratio (%): | 0.35% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.37% |
