UEVM vs IIF

Comparison between VICTORYSHARES EMERGING MARKETS VALUE MOMENTUM ETF FORMERLY VICTORYSHARES USAA MSCI EMERGING MARKETS VALUE MOMENTUM ETF (UEVM, ETF) and Morgan Stanley India Investment Fund Inc (IIF, ETF).

5-Year PerformanceIIF has outperformed UEVM, delivering a return of +9.0% compared to +7.9%

UEVM vs IIF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	UEVM(ETF)	IIF(ETF)
Net Assets	$243M	$242M
Expense Ratio	0.45%	N/A
Max Drawdown	48.15%	85.15%
Sharpe Ratio	0.74	-0.83
5Y Beta	0.64	0.46
5Y Dividends CAGR	7.79%	128.74%

Net Assets

Winner

UEVM

$243M

IIF

$242M

Expense Ratio

UEVM

0.45%

IIF

N/A

Max Drawdown

Winner

UEVM

48.15%

IIF

85.15%

Sharpe Ratio

Winner

UEVM

0.74

IIF

-0.83

5Y Beta

UEVM

0.64

Winner

IIF

0.46

5Y Dividends CAGR

UEVM

7.79%

Winner

IIF

128.74%

UEVM vs IIF - Historical Returns

Returns include dividend reinvestment.

Period	UEVM	IIF
1 month	-1.77%	+1.69%
3 months	-2.40%	+1.87%
6 months	+0.76%	-3.26%
1 year	+14.12%	-10.22%
5 years(CAGR)	+7.91%	+9.04%
10 years(CAGR)	+5.62%	+8.09%
Max(CAGR)	+5.62%	+13.74%

UEVM

-1.77%

Winner

IIF

+1.69%

UEVM

-2.40%

Winner

IIF

+1.87%

Winner

UEVM

+0.76%

IIF

-3.26%

Winner

UEVM

+14.12%

IIF

-10.22%

5Y(CAGR)

UEVM

+7.91%

Winner

IIF

+9.04%

10Y(CAGR)

UEVM

+5.62%

Winner

IIF

+8.09%

Max(CAGR)

UEVM

+5.62%

Winner

IIF

+13.74%

UEVM vs IIF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	UEVM	IIF
2026	+4.65%	-9.18%
2025	+23.26%	+5.62%
2024	+13.51%	+30.11%
2023	+16.70%	+21.08%
2022	-15.43%	-10.32%
2021	+10.53%	+30.04%
2020	+2.29%	+5.23%
2019	+10.92%	+0.04%
2018	-18.59%	-21.78%
2017	+3.69%	+50.17%
2016	N/A	+8.14%
2015	N/A	-6.26%
2014	N/A	+58.58%
2013	N/A	-7.61%
2012	N/A	+27.71%
2011	N/A	-43.26%
2010	N/A	+22.07%
2009	N/A	+68.48%
2008	N/A	-55.37%
2007	N/A	+77.20%
2006	N/A	+43.07%
2005	N/A	+31.95%
2004	N/A	+16.57%
2003	N/A	+170.13%
2002	N/A	+14.42%
2001	N/A	-11.08%
2000	N/A	-26.41%
1999	N/A	+36.82%

UEVM vs IIF Drawdown Comparison

The maximum drawdown for UEVM was -45.45%, occurring on Mar 19, 2020. Recovery took 841 trading sessions.

The maximum drawdown for IIF was -66.78%, occurring on Nov 20, 2008. Recovery took 694 trading sessions.

The current UEVM drawdown is -4.37%. The current IIF drawdown is -13.23%.

Rank	UEVM	IIF
#1	-45.45% Jan 26, 2018 - Jun 1, 2021	-66.78% Jan 2, 2008 - Oct 4, 2010
#2	-26.98% Jun 4, 2021 - Apr 8, 2024	-59.10% Jan 23, 2018 - Aug 30, 2021
#3	-18.87% Oct 7, 2024 - Jun 9, 2025	-54.90% Feb 8, 2000 - Aug 22, 2003
#4	-9.79% Feb 25, 2026 - May 6, 2026	-49.86% Nov 5, 2010 - Nov 18, 2014
#5	-8.72% Jul 16, 2024 - Sep 24, 2024	-36.83% May 10, 2006 - Jul 9, 2007
#6	-6.66% May 6, 2026 - Jul 1, 2026	-34.47% Jan 13, 2004 - Dec 21, 2004
#7	-4.91% Sep 17, 2025 - Oct 24, 2025	-28.32% Mar 5, 2015 - Feb 2, 2017
#8	-3.99% Nov 12, 2025 - Jan 5, 2026	-24.17% Jun 27, 2025 - Mar 30, 2026
#9	-3.86% May 17, 2024 - Jul 5, 2024	-23.35% Jan 12, 2022 - Dec 6, 2023
#10	-3.78% Apr 9, 2024 - Apr 29, 2024	-21.21% Sep 19, 2005 - Jan 6, 2006
#11	-3.57% Nov 22, 2017 - Dec 22, 2017	-17.77% Mar 4, 2005 - Jun 22, 2005
#12	-3.17% Jan 28, 2026 - Feb 11, 2026	-17.61% Sep 27, 2024 - Jun 11, 2025
#13	-2.93% Jul 23, 2025 - Aug 8, 2025	-15.76% Nov 4, 2003 - Dec 1, 2003
#14	-2.93% Jun 12, 2025 - Jun 24, 2025	-15.75% Jul 23, 2007 - Sep 19, 2007
#15	-2.52% Oct 29, 2025 - Nov 10, 2025	-15.56% Oct 29, 2007 - Dec 5, 2007

Correlation

Correlation between UEVM and IIF is 0.89 which considered as a strong positive correlation - the stocks tend to move together.

0.89

-101

Dividend Comparison (2000 - 2026)

UEVM vs IIF dividend yield comparison.

Year	UEVM	IIF
2026	0.89%	0.00%
2025	4.02%	7.95%
2024	5.65%	10.67%
2023	4.71%	14.61%
2022	3.46%	19.62%
2021	4.49%	3.75%
2020	2.19%	0.02%
2019	2.79%	0.14%
2018	2.34%	30.40%
2017	0.79%	15.23%
2016	0.00%	4.46%
2015	0.00%	0.16%
2011	0.00%	8.41%
2010	0.00%	9.64%
2008	0.00%	152.11%
2007	0.00%	52.30%
2006	0.00%	10.43%
2005	0.00%	10.39%
2004	0.00%	0.30%
2003	0.00%	0.75%
2002	0.00%	0.13%
2001	0.00%	12.29%
2000	0.00%	14.49%