VOEvsULVMETF Comparison
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Vanguard Morningstar Mid-Cap Value ETF (VOE) belongs to the US Mid Cap Value segment. VictoryShares US Value Momentum ETF (ULVM) is part of the US Multi-Factor segment. VOE's top 3 sector exposures are Finance, Energy and Industrials. In contrast, ULVM's top sector exposures are Finance, Healthcare and Industrials. VOE is less expensive with a Total Expense Ratio (TER) of 0.05%, versus 0.25% for ULVM. VOE is up 19.21% year-to-date (YTD) with +$616M in YTD flows. ULVM performs worse with 17.79% YTD performance, and +$25M in YTD flows. Run a side-by-side ETF comparison of VOE and ULVM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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VOE vs ULVM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VOE ULVM | +4.66%+2.38% | +3.35%-1.06% | +19.21%+17.79% | +21.63%+20.11% | +77.64%+88.29% | +57.74%+70.47% |
| Flows | VOE ULVM | -$145M- | +$113M+$5M | +$616M+$25M | +$1.22B+$43M | +$774M+$7M | +$2.30B-$180M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VOE ULVM | +9.69%+9.46% | +11.01%+10.75% | +13.43%+13.86% | +15.72%+15.42% |
| Max drawdown | VOE ULVM | -6.82%-7.82% | -6.95%-7.82% | -18.39%-18.21% | -19.75%-19.79% |
| Max drawdown duration | VOE ULVM | 68d68d | 62d68d | 263d232d | 672d717d |
Trading data
VOE | ULVM | |
Last sale 10/23/2026 at 1:30 PM | $208.04 | $106.02 |
| Previous close 10/22/2026 | $209.30 | $106.96 |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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VOE | ULVM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
VOE | ULVM | |
|---|---|---|
| Last price | $208.04 | $106.02 |
| 1D performance | -0.60% | -0.87% |
| AuM | $24.34 B | $265.05 M |
| E/R | 0.05% | 0.25% |
Characteristics
VOE | ULVM | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | VictoryShares |
| Benchmark | CRSP U.S. Mid Cap Value Index | Nasdaq Victory US Value Momentum Index |
| N° of holdings | 166 | 124 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 17, 2006 | October 24, 2017 |
| ESG | No | No |
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Exposure
Countries
VOE
USA
95.6%
Other
4.4%
ULVM
USA
94.03%
Other
5.97%
Sectors
VOE
Finance
26.38%
Energy
13.94%
Industrials
12.48%
Utilities
11.08%
Consumer Non-Cycl.
7.73%
Healthcare
7.72%
Other
20.66%
ULVM
Finance
36.25%
Healthcare
11.38%
Industrials
9.81%
Utilities
9.31%
Technology
7.21%
Other
26.04%
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Diversification
VOE
Total weight of top 15 holdings out of 15
19.33%
ULVM
Total weight of top 15 holdings out of 15
20.62%
Top 15 holdings
Data as of August 31, 2026
VOE
Marathon Petroleum Corp.
1.80%
Valero Energy Corp.
1.76%
Phillips 66
1.64%
SLB Ltd.
1.49%
Cummins, Inc.
1.29%
General Motors Co.
1.29%
Target Corp.
1.21%
Hewlett Packard Enterprise Co.
1.15%
Warner Bros. Discovery, Inc.
1.13%
Arthur J. Gallagher & Co.
1.12%
Newmont Corp.
1.11%
The Allstate Corp.
1.10%
Simon Property Group, Inc.
1.08%
PACCAR, Inc.
1.08%
Digital Realty Trust, Inc.
1.08%
ULVM
Berkshire Hathaway, Inc.
1.65%
Johnson & Johnson
1.61%
Realty Income Corp.
1.46%
Atmos Energy Corp.
1.42%
Loews Corp.
1.41%
Evergy, Inc.
1.39%
Ameren Corp.
1.37%
Chubb Ltd.
1.36%
W.P. Carey, Inc.
1.34%
Consolidated Edison, Inc.
1.33%
CenterPoint Energy, Inc.
1.31%
Cincinnati Financial Corp.
1.26%
VICI Properties, Inc.
1.25%
The Bank of New York Mellon Corp.
1.24%
Bank of America Corp.
1.21%
Frequently asked questions about VOE and ULVM
How have the VOE and ULVM ETFs performed in 2026?
As of October 23, 2026, VOE is up 19.21% year-to-date (YTD), while ULVM has returned 17.79%. That puts VOE better performer ahead so far this year.
Which ETF is attracting more investor money: VOE or ULVM?
Year-to-date, the VOE ETF saw +$616M in flows, compared to +$25M for ULVM.
Which ETF is more volatile: VOE or ULVM?
Over the past year, VOE had a volatility of 11.01%, while ULVM experienced 10.75%.
Which ETF is bigger: VOE or ULVM?
As of October 23, 2026, VOE holds $24.34 B in assets under management (AUM), while ULVM manages $265.05 M.
What sectors do the VOE and ULVM ETFs invest in?
VOE leans toward sectors like Finance, Energy and Industrials. Meanwhile, ULVM focuses on Finance, Healthcare and Industrials.
What are the top holdings of the VOE ETF and ULVM ETF?
VOE top holdings include Marathon Petroleum Corp., Valero Energy Corp. and Phillips 66. ULVM holds in its top three: Berkshire Hathaway, Inc., Johnson & Johnson and Realty Income Corp..
Which ETF is more diversified: VOE or ULVM?
VOE holds 168 securities with 19.33% of its assets in the top 15. ULVM has 124 securities and a top 15 weight of 20.62%.
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