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DUSA vs. USMV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DUSA vs. USMV

Last updated Jul 14, 2026
Documentation

DUSA (Davis Select U.S. Equity ETF) and USMV (iShares MSCI USA Min Vol Factor ETF) are both Large Cap Blend Equities funds. DUSA is actively managed, while USMV is passively managed. Over the past 5 years, DUSA returned 11.84%/yr vs 7.16%/yr for USMV. A 0.65 correlation means they provide meaningful diversification when combined. DUSA charges 0.62%/yr vs 0.15%/yr for USMV.

Performance

DUSA vs. USMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Davis Select U.S. Equity ETF (DUSA) 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, DUSA achieves a 12.63% return, which is significantly higher than USMV's 4.64% return.

DUSA

1D
0.30%
1M
2.51%
6M
10.81%
YTD
12.63%
1Y
24.31%
3Y*
22.76%
5Y*
11.84%
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)

DUSA vs. USMV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DUSA
Davis Select U.S. Equity ETF		12.63%22.57%20.43%34.17%-19.57%17.71%14.22%30.54%-11.93%16.45%
USMV
iShares MSCI USA Min Vol Factor ETF		4.64%7.65%15.74%10.33%-9.43%20.85%5.64%27.69%1.33%18.12%

Correlation

The correlation between DUSA and USMV is 0.51, 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

0.51

Correlation (3Y)
Calculated over the trailing 3-year period

0.60

Correlation (5Y)
Calculated over the trailing 5-year period

0.64

Correlation (All Time)
Calculated using the full available price history since Jan 12, 2017

0.65

The correlation between DUSA and USMV shifts across timeframes, from 0.51 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.

DUSA vs. USMV - Sectors Allocation Comparison

Sectors
DUSA
USMV

Financial Services

25.2%
11.7%

Healthcare

18.4%
12.6%

Consumer Cyclical

13.2%
5.7%

Communication Services

13.2%
6.2%

Energy

9.6%
2.7%

Technology

8.6%
33.9%

Consumer Defensive

6.6%
9.4%

Basic Materials

3.0%
2.4%

Industrials

2.3%
6.1%

Real Estate

-

2.5%

Utilities

-

6.9%

Financial Services

DUSA
25.2%
USMV
11.7%

Healthcare

DUSA
18.4%
USMV
12.6%

Consumer Cyclical

DUSA
13.2%
USMV
5.7%

Communication Services

DUSA
13.2%
USMV
6.2%

Energy

DUSA
9.6%
USMV
2.7%

Technology

DUSA
8.6%
USMV
33.9%

Consumer Defensive

DUSA
6.6%
USMV
9.4%

Basic Materials

DUSA
3.0%
USMV
2.4%

Industrials

DUSA
2.3%
USMV
6.1%

Real Estate

DUSA

-

USMV
2.5%

Utilities

DUSA

-

USMV
6.9%

Compare stocks, funds, or ETFs

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

Davis Select U.S. Equity ETF

iShares MSCI USA Min Vol Factor ETF

Often compared with DUSA:
DUSA vs. EUADDUSA vs. ^GSPCDUSA vs. SCHKDUSA vs. BACDUSA vs. NVDADUSA vs. DNLDUSA vs. SPY
Often compared with USMV:
USMV vs. SPLVUSMV vs. SPYUSMV vs. VOOUSMV vs. QUALUSMV vs. VFMVUSMV vs. ACWVUSMV vs. VTI

Return for Risk

DUSA vs. USMV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DUSA
DUSA Risk / Return Rank: 7575
Overall Rank
DUSA Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
DUSA Sortino Ratio Rank: 7474
Sortino Ratio Rank
DUSA Omega Ratio Rank: 7373
Omega Ratio Rank
DUSA Calmar Ratio Rank: 7878
Calmar Ratio Rank
DUSA Martin Ratio Rank: 7575
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.

DUSA vs. USMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Davis Select U.S. Equity ETF (DUSA) 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.

DUSAUSMVDifference
Sharpe ratioReturn per unit of total volatility
1.94
0.84

+1.10

Sortino ratioReturn per unit of downside risk
2.66
1.23

+1.43

Omega ratioGain probability vs. loss probability

1.34

1.15

+0.19

Calmar ratioReturn relative to maximum drawdown

3.22

1.10

+2.11

Martin ratioReturn relative to average drawdown

11.09

3.61

+7.48

DUSA vs. USMV - Sharpe Ratio Comparison

The current DUSA Sharpe Ratio is 1.94, which is higher than the USMV Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of DUSA 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

DUSA vs. USMV - Drawdown Comparison

The maximum DUSA drawdown since its inception was -36.71%, which is greater than USMV's maximum drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for DUSA and USMV.

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Drawdown Indicators

DUSAUSMVDifference

Max Drawdown

Largest peak-to-trough decline

-36.71%

-33.10%

-3.61%

Max Drawdown (1Y)

Largest decline over 1 year

-7.59%

-6.46%

-1.13%

Max Drawdown (3Y)

Largest decline over 3 years

-16.82%

-9.36%

-7.46%

Max Drawdown (5Y)

Largest decline over 5 years

-30.48%

-17.93%

-12.55%

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

-6.66%

-2.87%

-3.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.20%

1.97%

+0.23%

Volatility

DUSA vs. USMV - Volatility Comparison

Davis Select U.S. Equity ETF (DUSA) has a higher volatility of 2.73% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 2.54%. This indicates that DUSA'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

DUSAUSMVDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.73%

2.54%

+0.19%

Volatility (6M)

Calculated over the trailing 6-month period

8.35%

6.22%

+2.13%

Volatility (1Y)

Calculated over the trailing 1-year period

12.62%

8.48%

+4.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.59%

12.36%

+6.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.77%

14.49%

+5.28%

DUSA vs. USMV - Expense Ratio Comparison

DUSA has a 0.62% expense ratio, which is higher than USMV's 0.15% expense ratio.

Dividends

DUSA vs. USMV - Dividend Comparison

DUSA's dividend yield for the trailing twelve months is around 0.85%, less than USMV's 1.48% yield.

PositionTTM20252024202320222021202020192018201720162015
DUSA
Davis Select U.S. Equity ETF		0.85%0.96%0.85%3.38%1.21%1.12%0.51%1.12%2.77%0.68%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

DUSA and USMV have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DUSA has higher volatility (2.73%) compared to USMV (2.54%). In terms of maximum drawdown, DUSA dropped -36.71% vs USMV's -33.10%.

On 5-year performance, DUSA leads with 11.84% vs 7.16% 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 5-year period, DUSA has performed better with a 11.84% return vs 7.16%. 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 0.62% for DUSA.

USMV has the higher dividend yield at 1.48%, compared with 0.85% for DUSA.

They also come from different issuers: Davis Advisers and iShares. Their fees differ too: 0.62% for DUSA and 0.15% for USMV.

DUSA currently has the higher Sharpe Ratio (1.94 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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