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DFVE vs. USMV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DFVE vs. USMV

Last updated Jul 14, 2026
Documentation

DFVE (Doubleline Fortune 500 Equal Weight ETF) and USMV (iShares MSCI USA Min Vol Factor ETF) are both Large Cap Blend Equities funds - DFVE tracks the Barclays Fortune 500 Equal Weighted Index - Benchmark TR Gross while USMV tracks the MSCI USA Minimum Volatility Index. Both are passively managed. Over the past year, DFVE returned 20.92% vs 7.10% for USMV. A 0.75 correlation means they provide meaningful diversification when combined. DFVE charges 0.20%/yr vs 0.15%/yr for USMV.

Performance

DFVE vs. USMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Doubleline Fortune 500 Equal Weight ETF (DFVE) and iShares MSCI USA Min Vol Factor ETF (USMV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DFVE achieves a 14.05% return, which is significantly higher than USMV's 4.64% return.

DFVE

1D
0.02%
1M
1.16%
6M
9.69%
YTD
14.05%
1Y
20.92%
3Y*
—
5Y*
—
10Y*
—

USMV

1D
0.06%
1M
2.16%
6M
3.87%
YTD
4.64%
1Y
7.10%
3Y*
11.43%
5Y*
7.16%
10Y*
9.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DFVE vs. USMV - Yearly Performance Comparison

2026 (YTD)20252024
DFVE
Doubleline Fortune 500 Equal Weight ETF		14.05%14.51%14.66%
USMV
iShares MSCI USA Min Vol Factor ETF		4.64%7.65%13.29%

Correlation

The correlation between DFVE and USMV is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.67

Correlation (All Time)
Calculated using the full available price history since Feb 1, 2024

0.75

The correlation between DFVE and USMV has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.

DFVE vs. USMV - Sectors Allocation Comparison

Sectors
DFVE
USMV

Industrials

17.7%
6.1%

Consumer Cyclical

16.6%
5.7%

Financial Services

15.3%
11.7%

Technology

11.8%
33.9%

Healthcare

9.9%
12.6%

Consumer Defensive

8.1%
9.4%

Energy

5.8%
2.7%

Utilities

5.3%
6.9%

Basic Materials

4.3%
2.4%

Communication Services

3.9%
6.2%

Real Estate

1.3%
2.5%

Industrials

DFVE
17.7%
USMV
6.1%

Consumer Cyclical

DFVE
16.6%
USMV
5.7%

Financial Services

DFVE
15.3%
USMV
11.7%

Technology

DFVE
11.8%
USMV
33.9%

Healthcare

DFVE
9.9%
USMV
12.6%

Consumer Defensive

DFVE
8.1%
USMV
9.4%

Energy

DFVE
5.8%
USMV
2.7%

Utilities

DFVE
5.3%
USMV
6.9%

Basic Materials

DFVE
4.3%
USMV
2.4%

Communication Services

DFVE
3.9%
USMV
6.2%

Real Estate

DFVE
1.3%
USMV
2.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Doubleline Fortune 500 Equal Weight ETF

iShares MSCI USA Min Vol Factor ETF

Often compared with DFVE:
DFVE vs. SCHXDFVE vs. IOODFVE vs. BDGSDFVE vs. DCMTDFVE vs. DMXDFVE vs. DCREDFVE vs. DBND
Often compared with USMV:
USMV vs. SPLVUSMV vs. SPYUSMV vs. VOOUSMV vs. QUALUSMV vs. VFMVUSMV vs. ACWVUSMV vs. VTI

Return for Risk

DFVE vs. USMV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DFVE
DFVE Risk / Return Rank: 6565
Overall Rank
DFVE Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
DFVE Sortino Ratio Rank: 6767
Sortino Ratio Rank
DFVE Omega Ratio Rank: 6161
Omega Ratio Rank
DFVE Calmar Ratio Rank: 6868
Calmar Ratio Rank
DFVE Martin Ratio Rank: 6767
Martin Ratio Rank
USMV
USMV Risk / Return Rank: 2828
Overall Rank
USMV Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
USMV Sortino Ratio Rank: 2626
Sortino Ratio Rank
USMV Omega Ratio Rank: 2525
Omega Ratio Rank
USMV Calmar Ratio Rank: 2828
Calmar Ratio Rank
USMV Martin Ratio Rank: 3131
Martin Ratio Rank
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.

DFVE vs. USMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Doubleline Fortune 500 Equal Weight ETF (DFVE) 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.

DFVEUSMVDifference
Sharpe ratioReturn per unit of total volatility
1.66
0.84

+0.82

Sortino ratioReturn per unit of downside risk
2.44
1.23

+1.21

Omega ratioGain probability vs. loss probability

1.30

1.15

+0.15

Calmar ratioReturn relative to maximum drawdown

2.70

1.10

+1.59

Martin ratioReturn relative to average drawdown

9.60

3.61

+5.99

DFVE vs. USMV - Sharpe Ratio Comparison

The current DFVE Sharpe Ratio is 1.66, which is higher than the USMV Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of DFVE 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.

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Drawdowns

DFVE vs. USMV - Drawdown Comparison

The maximum DFVE drawdown since its inception was -19.43%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for DFVE and USMV.

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Drawdown Indicators

DFVEUSMVDifference

Max Drawdown

Largest peak-to-trough decline

-19.43%

-33.10%

+13.67%

Max Drawdown (1Y)

Largest decline over 1 year

-7.79%

-6.46%

-1.33%

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

0.00%

-0.54%

+0.54%

Average Drawdown

Average peak-to-trough decline

-2.67%

-2.87%

+0.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.18%

1.97%

+0.21%

Volatility

DFVE vs. USMV - Volatility Comparison

Doubleline Fortune 500 Equal Weight ETF (DFVE) has a higher volatility of 3.10% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 2.54%. This indicates that DFVE'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.

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Volatility by Period

DFVEUSMVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.10%

2.54%

+0.56%

Volatility (6M)

Calculated over the trailing 6-month period

9.03%

6.22%

+2.81%

Volatility (1Y)

Calculated over the trailing 1-year period

12.66%

8.48%

+4.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.37%

12.36%

+3.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.37%

14.49%

+0.88%

DFVE vs. USMV - Expense Ratio Comparison

DFVE has a 0.20% expense ratio, which is higher than USMV's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DFVE vs. USMV - Dividend Comparison

DFVE's dividend yield for the trailing twelve months is around 1.37%, less than USMV's 1.48% yield.

PositionTTM20252024202320222021202020192018201720162015
DFVE
Doubleline Fortune 500 Equal Weight ETF		1.37%1.52%1.53%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
USMV
iShares MSCI USA Min Vol Factor ETF		1.48%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

DFVE and USMV have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DFVE has higher volatility (3.10%) compared to USMV (2.54%). In terms of maximum drawdown, DFVE dropped -19.43% vs USMV's -33.10%.

On 1-year performance, DFVE leads with 20.92% vs 7.10% for USMV. On fees, USMV is cheaper at 0.15% per year. On volatility, USMV has been the lower-risk option at 2.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, DFVE has performed better with a 20.92% return vs 7.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

USMV is cheaper with a 0.15% expense ratio, compared with 0.20% for DFVE.

USMV has the higher dividend yield at 1.48%, compared with 1.37% for DFVE.

DFVE tracks Barclays Fortune 500 Equal Weighted Index - Benchmark TR Gross, while USMV tracks MSCI USA Minimum Volatility Index. They also come from different issuers: DoubleLine and iShares. Their fees differ too: 0.20% for DFVE and 0.15% for USMV.

DFVE currently has the higher Sharpe Ratio (1.66 vs 0.84), 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.

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