- ISIN
- US46429B6974
- CUSIP
- 46429B697
- Issuer
- iShares
- Inception Date
- Oct 18, 2011
- Region
- North America (U.S.)
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI USA Minimum Volatility Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $23B
Share Price Chart
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Performance
USMV Performance Chart
iShares MSCI USA Min Vol Factor ETF (USMV) is up 2.0% since the beginning of the year. USMV is currently trading at $96 per share. Investors who bought $1,000 worth of USMV shares 5 years ago would now be looking at an investment worth $1,423.
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Returns By Period
iShares MSCI USA Min Vol Factor ETF (USMV) has returned 1.99% so far this year and 4.33% over the past 12 months.
iShares MSCI USA Min Vol Factor ETF
- 1D
- -1.06%
- 1M
- 1.76%
- YTD
- 1.99%
- 6M
- 1.96%
- 1Y
- 4.33%
- 3Y*
- 11.76%
- 5Y*
- 7.31%
- 10Y*
- 9.85%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USMV Monthly Returns History
Based on dividend-adjusted daily data since Oct 20, 2011, USMV's average daily return is +0.05%, while the average monthly return is +0.96%. At this rate, an investment would double in approximately 6.0 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +9.4%, while the worst month was Mar 2020 at -11.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, USMV closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +8.7%, while the worst single day was Mar 16, 2020 at -10.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.88% | 2.97% | -4.79% | 2.05% | 2.07% | -0.99% | 1.99% | ||||||
| 2025 | 3.56% | 2.85% | -0.62% | -1.20% | 1.05% | 0.74% | -1.34% | 1.78% | 1.32% | -2.06% | 2.31% | -0.82% | 7.65% |
| 2024 | 2.17% | 2.09% | 3.14% | -3.74% | 2.92% | 1.77% | 3.67% | 4.92% | 0.44% | -1.45% | 5.07% | -5.66% | 15.74% |
| 2023 | 1.53% | -3.50% | 3.45% | 1.48% | -3.22% | 4.45% | 1.39% | -0.64% | -2.83% | -0.87% | 6.41% | 2.77% | 10.33% |
| 2022 | -5.98% | -3.06% | 5.58% | -5.34% | 0.04% | -4.13% | 5.13% | -3.16% | -7.07% | 7.70% | 5.72% | -3.75% | -9.43% |
| 2021 | -2.73% | -0.38% | 5.61% | 3.99% | 0.88% | 1.72% | 3.55% | 1.88% | -4.99% | 5.51% | -2.05% | 6.84% | 20.85% |
Benchmark Metrics
iShares MSCI USA Min Vol Factor ETF has an annualized alpha of -4.38%, beta of 0.39, and R2 of 0.31 versus S&P 500 Index. Calculated based on daily prices since October 21, 2011.
- This ETF participated in 46.63% of S&P 500 Index downside but only 21.39% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.39 may look defensive, but with R2 of 0.31 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.31 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -4.38%
- Beta
- 0.39
- R²
- 0.31
- Upside Capture
- 21.39%
- Downside Capture
- 46.63%
Expense Ratio
USMV has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
USMV ranks 18 for risk / return — in the bottom 18% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares MSCI USA Min Vol Factor ETF (USMV) and compare them to S&P 500 Index.
| USMV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.09 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | — | — |
| Martin ratioReturn relative to average drawdown | 2.24 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
iShares MSCI USA Min Vol Factor ETF provided a 1.54% dividend yield over the last twelve months, with an annual payout of $1.47 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.47 | $1.40 | $1.49 | $1.42 | $1.17 | $1.02 | $1.23 | $1.23 | $1.11 | $0.93 | $1.00 | $0.84 |
Dividend yield | 1.54% | 1.49% | 1.67% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares MSCI USA Min Vol Factor ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.00 | $0.39 | ||||||
| 2025 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.39 | $1.40 |
| 2024 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.42 | $1.49 |
| 2023 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.43 | $1.42 |
| 2022 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.35 | $1.17 |
| 2021 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.25 | $1.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares MSCI USA Min Vol Factor ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares MSCI USA Min Vol Factor ETF was 33.10%, occurring on Mar 23, 2020. Recovery took 202 trading sessions.
The current iShares MSCI USA Min Vol Factor ETF drawdown is 1.82%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -33.10%Mar 2020 | 1mo 4d | 9mo 21d | 10mo 25dFeb 2020 - Jan 2021 |
Bear market2022 | -17.93%Oct 2022 | 9mo 16d | 1y 2mo | 2y 3dDec 2021 - Jan 2024 |
Rate-hike selloffLate 2018 | -12.70%Dec 2018 | 3mo 1d | 1mo 23d | 4mo 24dSep 2018 - Feb 2019 |
2015 pullback2015 | -9.50%Aug 2015 | 7d | 4mo 6d | 4mo 13dAug 2015 - Dec 2015 |
2025 selloff2025 | -9.36%Apr 2025 | 1mo 6d | 1mo 11d | 2mo 17dMar 2025 - May 2025 |
Drawdown Indicators
| USMV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.10% | -9.10% | -24.00% |
Max Drawdown (1Y)Largest decline over 1 year | -6.46% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -9.36% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.93% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.10% | — | — |
Current DrawdownCurrent decline from peak | -1.82% | -2.97% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -1.13% | -1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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