ESMV vs. VFMV
ESMV (iShares ESG MSCI USA Min Vol Factor ETF) and VFMV (Vanguard U.S. Minimum Volatility ETF) are both Low Volatility funds. ESMV is passively managed, while VFMV is actively managed. Over the past 3 years, ESMV returned 10.25%/yr vs 14.38%/yr for VFMV. Their correlation of 0.86 means they have usually moved in the same direction. ESMV charges 0.18%/yr vs 0.13%/yr for VFMV.
Performance
ESMV vs. VFMV - Performance Comparison
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Returns By Period
In the year-to-date period, ESMV achieves a 7.33% return, which is significantly lower than VFMV's 11.10% return.
ESMV
- 1D
- 0.22%
- 1M
- -0.16%
- 6M
- 6.27%
- YTD
- 7.33%
- 1Y
- 9.71%
- 3Y*
- 10.25%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.96%
VFMV
- 1D
- 0.45%
- 1M
- 2.10%
- 6M
- 7.34%
- YTD
- 11.10%
- 1Y
- 16.07%
- 3Y*
- 14.38%
- 5Y*
- 9.39%
- 10Y*
- —
- ALL TIME*
- 10.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $7.55K | $9.03K | $12.67K | |
| $1.77M | $2.11M | $2.29M |
ESMV vs. VFMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ESMV iShares ESG MSCI USA Min Vol Factor ETF | 7.33% | 5.34% | 13.06% | 12.20% | -11.08% | 3.13% |
VFMV Vanguard U.S. Minimum Volatility ETF | 11.10% | 10.52% | 16.91% | 8.86% | -5.73% | 3.87% |
Correlation
The correlation between ESMV and VFMV is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2021 | 0.86 |
The correlation between ESMV and VFMV has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.
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Return for Risk
ESMV vs. VFMV — Risk / Return Rank
ESMV
VFMV
ESMV vs. VFMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG MSCI USA Min Vol Factor ETF (ESMV) and Vanguard U.S. Minimum Volatility ETF (VFMV). 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.
| ESMV | VFMV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.31 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 2.61 | -1.29 |
| Martin ratioReturn relative to average drawdown | 4.05 | 10.07 | -6.02 |
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Drawdowns
ESMV vs. VFMV - Drawdown Comparison
The maximum ESMV drawdown since its inception was -19.77%, smaller than the maximum VFMV drawdown of -33.64%. Use the drawdown chart below to compare losses from any high point for ESMV and VFMV.
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Drawdown Indicators
| ESMV | VFMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.77% | -33.64% | +13.87% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -6.00% | -1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -12.16% | -10.35% | -1.81% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.41% | — |
Current DrawdownCurrent decline from peak | -0.51% | -1.16% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -5.18% | -3.59% | -1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 1.56% | +0.72% |
Volatility
ESMV vs. VFMV - Volatility Comparison
The current volatility for iShares ESG MSCI USA Min Vol Factor ETF (ESMV) is 2.50%, while Vanguard U.S. Minimum Volatility ETF (VFMV) has a volatility of 2.73%. This indicates that ESMV experiences smaller price fluctuations and is considered to be less risky than VFMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESMV | VFMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.50% | 2.73% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 6.60% | 6.57% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.04% | 8.96% | +1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.11% | 11.76% | +1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.11% | 14.16% | -1.05% |
ESMV vs. VFMV - Expense Ratio Comparison
ESMV has a 0.18% expense ratio, which is higher than VFMV's 0.13% 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
ESMV vs. VFMV - Dividend Comparison
ESMV's dividend yield for the trailing twelve months is around 1.50%, less than VFMV's 1.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ESMV iShares ESG MSCI USA Min Vol Factor ETF | 1.50% | 1.56% | 1.71% | 1.75% | 1.66% | 0.24% | 0.00% | 0.00% | 0.00% |
VFMV Vanguard U.S. Minimum Volatility ETF | 1.74% | 2.12% | 1.46% | 2.20% | 2.08% | 1.31% | 2.14% | 2.43% | 2.29% |
Frequently Asked Questions
ESMV and VFMV have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VFMV has higher volatility (2.73%) compared to ESMV (2.50%). In terms of maximum drawdown, ESMV dropped -19.77% vs VFMV's -33.64%.
On 3-year performance, VFMV leads with 14.38% vs 10.25% for ESMV. On fees, VFMV is cheaper at 0.13% per year. On volatility, ESMV has been the lower-risk option at 2.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, VFMV has performed better with a 14.38% return vs 10.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VFMV is cheaper with a 0.13% expense ratio, compared with 0.18% for ESMV.
VFMV has the higher dividend yield at 1.74%, compared with 1.50% for ESMV.
They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.18% for ESMV and 0.13% for VFMV.
VFMV currently has the higher Sharpe Ratio (1.76 vs 0.93), 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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