DNP vs. USMV
DNP (DNP Select Income Fund Inc.) is a stock, while USMV (iShares MSCI USA Min Vol Factor ETF) is Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility Index. Over the past 10 years, DNP returned 7.97%/yr vs 9.75%/yr for USMV. At a 0.39 correlation, their price movements are largely independent.
Performance
DNP vs. USMV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DNP achieves a 9.66% return, which is significantly higher than USMV's 1.55% return. Over the past 10 years, DNP has underperformed USMV with an annualized return of 7.97%, while USMV has yielded a comparatively higher 9.75% annualized return.
DNP
- 1D
- -1.03%
- 1M
- -0.14%
- YTD
- 9.66%
- 6M
- 10.26%
- 1Y
- 18.20%
- 3Y*
- 9.87%
- 5Y*
- 8.26%
- 10Y*
- 7.97%
USMV
- 1D
- -0.43%
- 1M
- 1.28%
- YTD
- 1.55%
- 6M
- 2.27%
- 1Y
- 3.18%
- 3Y*
- 11.35%
- 5Y*
- 7.21%
- 10Y*
- 9.75%
DNP vs. USMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DNP DNP Select Income Fund Inc. | 9.66% | 22.61% | 13.36% | -18.56% | 10.96% | 14.05% | -13.67% | 31.00% | 3.53% | 13.29% |
USMV iShares MSCI USA Min Vol Factor ETF | 1.55% | 7.65% | 15.74% | 10.33% | -9.43% | 20.85% | 5.64% | 27.69% | 1.33% | 18.91% |
Correlation
The correlation between DNP and USMV is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011 | 0.39 |
The correlation between DNP and USMV shifts across timeframes, from 0.29 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DNP vs. USMV — Risk / Return Rank
DNP
USMV
DNP vs. USMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DNP Select Income Fund Inc. (DNP) 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.
| DNP | USMV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.07 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 0.49 | +2.35 |
| Martin ratioReturn relative to average drawdown | 11.95 | 1.64 | +10.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| DNP | USMV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 0.37 | +1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.59 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.67 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.86 | -0.53 |
Drawdowns
DNP vs. USMV - Drawdown Comparison
The maximum DNP drawdown since its inception was -48.49%, which is greater than USMV's maximum drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for DNP and USMV.
Loading charts...
Drawdown Indicators
| DNP | USMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.49% | -33.10% | -15.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.42% | -6.46% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -18.29% | -9.36% | -8.93% |
Max Drawdown (5Y)Largest decline over 5 years | -24.31% | -17.93% | -6.38% |
Max Drawdown (10Y)Largest decline over 10 years | -39.56% | -33.10% | -6.46% |
Current DrawdownCurrent decline from peak | -1.89% | -2.24% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -8.52% | -2.88% | -5.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 1.94% | -0.41% |
Volatility
DNP vs. USMV - Volatility Comparison
DNP Select Income Fund Inc. (DNP) has a higher volatility of 3.19% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 2.65%. This indicates that DNP'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.
Loading charts...
Volatility by Period
| DNP | USMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 2.65% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 7.85% | 6.02% | +1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.79% | 8.57% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.52% | 12.36% | +2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.13% | 14.51% | +2.62% |
Dividends
DNP vs. USMV - Dividend Comparison
DNP's dividend yield for the trailing twelve months is around 7.34%, more than USMV's 1.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DNP DNP Select Income Fund Inc. | 7.34% | 7.81% | 8.84% | 9.20% | 6.93% | 7.18% | 7.60% | 6.11% | 7.50% | 7.22% | 7.62% | 8.71% |
USMV iShares MSCI USA Min Vol Factor ETF | 1.54% | 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
DNP and USMV have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DNP has higher volatility (3.19%) compared to USMV (2.65%). In terms of maximum drawdown, DNP dropped -48.49% vs USMV's -33.10%.
DNP currently has the higher Sharpe Ratio (1.87 vs 0.37), 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.
Find the right allocation for DNP and USMV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer