BWTG vs. USMV

Last updated Jul 17, 2026

BWTG (Brendan Wood TopGun ETF) and USMV (iShares MSCI USA Min Vol Factor ETF) are both Large Cap Blend Equities funds. BWTG is actively managed, while USMV is passively managed. Over the past year, BWTG returned 17.46% vs 6.27% for USMV. A 0.65 correlation means they provide meaningful diversification when combined. BWTG charges 0.95%/yr vs 0.15%/yr for USMV.

Performance

BWTG vs. USMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brendan Wood TopGun ETF (BWTG) and iShares MSCI USA Min Vol Factor ETF (USMV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BWTG achieves a 7.73% return, which is significantly higher than USMV's 3.90% return.

BWTG

• 1D: -0.57%
• 1M: 0.65%
• 6M: 6.31%
• YTD: 7.73%
• 1Y: 17.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USMV

• 1D: 1.08%
• 1M: 1.27%
• 6M: 3.44%
• YTD: 3.90%
• 1Y: 6.27%
• 3Y*: 11.14%
• 5Y*: 6.96%
• 10Y*: 9.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BWTG vs. USMV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BWTG Brendan Wood TopGun ETF	7.73%	16.45%	20.68%	11.17%
USMV iShares MSCI USA Min Vol Factor ETF	3.90%	7.65%	15.74%	6.22%

Correlation

The correlation between BWTG and USMV is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (All Time) Calculated using the full available price history since Nov 9, 2023	0.65

Over the past year, the correlation between BWTG and USMV has dropped to 0.44 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

BWTG vs. USMV - Sectors Allocation Comparison

Sectors	BWTG	USMV
Technology	27.6%	33.9%
Financial Services	22.5%	11.7%
Industrials	14.7%	6.1%
Real Estate	11.7%	2.5%
Healthcare	6.9%	12.6%
Communication Services	4.5%	6.2%
Consumer Cyclical	4.4%	5.7%
Consumer Defensive	4.1%	9.4%
Utilities	3.6%	6.9%
Basic Materials	-	2.4%
Energy	-	2.7%

Return for Risk

BWTG vs. USMV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BWTG

BWTG Risk / Return Rank: 49
BWTG Sharpe Ratio Rank: 50
BWTG Sortino Ratio Rank: 50
BWTG Omega Ratio Rank: 47
BWTG Calmar Ratio Rank: 42
BWTG Martin Ratio Rank: 56

USMV

USMV Risk / Return Rank: 25
USMV Sharpe Ratio Rank: 25
USMV Sortino Ratio Rank: 23
USMV Omega Ratio Rank: 22
USMV Calmar Ratio Rank: 25
USMV Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BWTG vs. USMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brendan Wood TopGun ETF (BWTG) and iShares MSCI USA Min Vol Factor ETF (USMV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BWTG	USMV	Difference
Sharpe ratio: Return per unit of total volatility	1.41	0.74	+0.67
Sortino ratio: Return per unit of downside risk	2.01	1.10	+0.92
Omega ratio: Gain probability vs. loss probability	1.25	1.13	+0.12
Calmar ratio: Return relative to maximum drawdown	1.77	0.98	+0.79
Martin ratio: Return relative to average drawdown	7.79	3.18	+4.62

BWTG vs. USMV - Sharpe Ratio Comparison

The current BWTG Sharpe Ratio is 1.41, which is higher than the USMV Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of BWTG and USMV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BWTG vs. USMV - Drawdown Comparison

The maximum BWTG drawdown since its inception was -13.18%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for BWTG and USMV.

Drawdown Indicators

	BWTG	USMV	Difference
Max Drawdown Largest peak-to-trough decline	-13.18%	-33.10%	+19.92%
Max Drawdown (1Y) Largest decline over 1 year	-9.93%	-6.46%	-3.47%
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 Drawdown Current decline from peak	-1.22%	-1.24%	+0.02%
Average Drawdown Average peak-to-trough decline	-1.73%	-2.87%	+1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	1.98%	+0.27%

Volatility

BWTG vs. USMV - Volatility Comparison

Brendan Wood TopGun ETF (BWTG) has a higher volatility of 4.08% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 3.00%. This indicates that BWTG's price experiences larger fluctuations and is considered to be riskier than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BWTG	USMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.08%	3.00%	+1.08%
Volatility (6M) Calculated over the trailing 6-month period	10.39%	6.41%	+3.98%
Volatility (1Y) Calculated over the trailing 1-year period	12.45%	8.53%	+3.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.08%	12.38%	+1.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.08%	14.50%	-0.42%

BWTG vs. USMV - Expense Ratio Comparison

BWTG has a 0.95% expense ratio, which is higher than USMV's 0.15% expense ratio.

Dividends

BWTG vs. USMV - Dividend Comparison

BWTG's dividend yield for the trailing twelve months is around 0.32%, less than USMV's 1.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BWTG Brendan Wood TopGun ETF	0.32%	0.35%	0.25%	0.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USMV iShares MSCI USA Min Vol Factor ETF	1.49%	1.49%	1.67%	1.82%	1.62%	1.26%	1.81%	1.88%	2.12%	1.77%	2.22%	2.02%

Frequently Asked Questions

Can I hold both BWTG and USMV in my portfolio?

BWTG and USMV have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BWTG or USMV?

BWTG has higher volatility (4.08%) compared to USMV (3.00%). In terms of maximum drawdown, BWTG dropped -13.18% vs USMV's -33.10%.

Which ETF is better, BWTG or USMV?

On 1-year performance, BWTG leads with 17.46% vs 6.27% for USMV. On fees, USMV is cheaper at 0.15% per year. On volatility, USMV has been the lower-risk option at 3.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BWTG or USMV?

Over the 1-year period, BWTG has performed better with a 17.46% return vs 6.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BWTG or USMV?

USMV is cheaper with a 0.15% expense ratio, compared with 0.95% for BWTG.

Which ETF pays a higher dividend yield, BWTG or USMV?

USMV has the higher dividend yield at 1.49%, compared with 0.32% for BWTG.

What is the main difference between BWTG and USMV?

They also come from different issuers: Brendan Wood and iShares. Their fees differ too: 0.95% for BWTG and 0.15% for USMV.

Which has better risk-adjusted returns?

BWTG currently has the higher Sharpe Ratio (1.41 vs 0.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.