EUSA vs. USMF

Last updated Jun 5, 2026

EUSA (iShares MSCI USA Equal Weighted ETF) and USMF (WisdomTree US Multifactor Fund) are both Mid Cap Blend Equities funds - EUSA tracks the MSCI USA Equal Weighted Index while USMF tracks the WisdomTree US Multifactor Index. Both are passively managed. Over the past 5 years, EUSA returned 7.90%/yr vs 7.68%/yr for USMF. Their correlation of 0.90 suggests significant overlap in exposure. EUSA charges 0.09%/yr vs 0.28%/yr for USMF.

Performance

EUSA vs. USMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Equal Weighted ETF (EUSA) and WisdomTree US Multifactor Fund (USMF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EUSA achieves a 10.04% return, which is significantly higher than USMF's 4.43% return.

EUSA

• 1D: 0.81%
• 1M: 3.88%
• YTD: 10.04%
• 6M: 10.00%
• 1Y: 19.17%
• 3Y*: 16.37%
• 5Y*: 7.90%
• 10Y*: 11.57%

USMF

• 1D: 0.08%
• 1M: 3.17%
• YTD: 4.43%
• 6M: 4.58%
• 1Y: 6.68%
• 3Y*: 14.35%
• 5Y*: 7.68%
• 10Y*: —

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

EUSA vs. USMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUSA iShares MSCI USA Equal Weighted ETF	10.04%	10.24%	14.64%	17.72%	-17.13%	25.60%	15.03%	30.56%	-8.58%	10.42%
USMF WisdomTree US Multifactor Fund	4.43%	4.60%	19.65%	13.47%	-8.82%	21.26%	12.01%	24.06%	-4.72%	11.27%

Correlation

The correlation between EUSA and USMF is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Aug 25, 2017	0.90

The correlation between EUSA and USMF has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.

EUSA vs. USMF - Sectors Allocation Comparison

Sectors	EUSA	USMF
Technology	21.3%	35.6%
Industrials	14.7%	7.8%
Financial Services	14.4%	11.8%
Healthcare	10.1%	9.3%
Consumer Cyclical	9.7%	11.1%
Utilities	5.6%	2.0%
Real Estate	5.5%	2.0%
Consumer Defensive	5.2%	5.2%
Communication Services	4.8%	10.3%
Energy	4.6%	4.1%
Basic Materials	4.1%	0.9%

Return for Risk

EUSA vs. USMF — Risk / Return Rank

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

EUSA

EUSA Risk / Return Rank: 50
EUSA Sharpe Ratio Rank: 48
EUSA Sortino Ratio Rank: 49
EUSA Omega Ratio Rank: 46
EUSA Calmar Ratio Rank: 51
EUSA Martin Ratio Rank: 57

USMF

USMF Risk / Return Rank: 21
USMF Sharpe Ratio Rank: 20
USMF Sortino Ratio Rank: 19
USMF Omega Ratio Rank: 18
USMF Calmar Ratio Rank: 23
USMF Martin Ratio Rank: 24

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.

EUSA vs. USMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Equal Weighted ETF (EUSA) and WisdomTree US Multifactor Fund (USMF). 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.

	EUSA	USMF	Difference
Sharpe ratio: Return per unit of total volatility	1.63	0.62	+1.01
Sortino ratio: Return per unit of downside risk	2.36	0.94	+1.42
Omega ratio: Gain probability vs. loss probability	1.28	1.11	+0.17
Calmar ratio: Return relative to maximum drawdown	2.46	1.04	+1.42
Martin ratio: Return relative to average drawdown	9.76	3.11	+6.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUSA vs. USMF - Sharpe Ratio Comparison

The current EUSA Sharpe Ratio is 1.63, which is higher than the USMF Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of EUSA and USMF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EUSA	USMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	0.62	+1.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.54	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.63	+0.08

Drawdowns

EUSA vs. USMF - Drawdown Comparison

The maximum EUSA drawdown since its inception was -39.16%, which is greater than USMF's maximum drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for EUSA and USMF.

Drawdown Indicators

	EUSA	USMF	Difference
Max Drawdown Largest peak-to-trough decline	-39.16%	-36.24%	-2.92%
Max Drawdown (1Y) Largest decline over 1 year	-7.82%	-6.47%	-1.35%
Max Drawdown (3Y) Largest decline over 3 years	-18.20%	-15.39%	-2.81%
Max Drawdown (5Y) Largest decline over 5 years	-25.24%	-18.10%	-7.14%
Max Drawdown (10Y) Largest decline over 10 years	-39.16%	—	—
Current Drawdown Current decline from peak	0.00%	-0.49%	+0.49%
Average Drawdown Average peak-to-trough decline	-4.59%	-4.16%	-0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	2.15%	-0.18%

Volatility

EUSA vs. USMF - Volatility Comparison

iShares MSCI USA Equal Weighted ETF (EUSA) has a higher volatility of 2.93% compared to WisdomTree US Multifactor Fund (USMF) at 2.25%. This indicates that EUSA's price experiences larger fluctuations and is considered to be riskier than USMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUSA	USMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	2.25%	+0.68%
Volatility (6M) Calculated over the trailing 6-month period	8.75%	7.42%	+1.33%
Volatility (1Y) Calculated over the trailing 1-year period	11.80%	10.79%	+1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.95%	14.26%	+2.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.34%	16.96%	+1.38%

EUSA vs. USMF - Expense Ratio Comparison

EUSA has a 0.09% expense ratio, which is lower than USMF's 0.28% expense ratio.

Dividends

EUSA vs. USMF - Dividend Comparison

EUSA's dividend yield for the trailing twelve months is around 1.51%, more than USMF's 1.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUSA iShares MSCI USA Equal Weighted ETF	1.51%	1.63%	1.47%	1.53%	1.73%	1.23%	1.45%	1.49%	2.01%	1.50%	1.59%	2.21%
USMF WisdomTree US Multifactor Fund	1.31%	1.37%	1.22%	1.33%	1.74%	1.42%	1.34%	1.38%	1.45%	0.67%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EUSA and USMF in my portfolio?

EUSA and USMF have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EUSA or USMF?

EUSA has higher volatility (2.93%) compared to USMF (2.25%). In terms of maximum drawdown, EUSA dropped -39.16% vs USMF's -36.24%.

Which ETF is better, EUSA or USMF?

On 5-year performance, EUSA leads with 7.90% vs 7.68% for USMF. On fees, EUSA is cheaper at 0.09% per year. On volatility, USMF has been the lower-risk option at 2.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EUSA or USMF?

Over the 5-year period, EUSA has performed better with a 7.90% return vs 7.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EUSA or USMF?

EUSA is cheaper with a 0.09% expense ratio, compared with 0.28% for USMF.

Which ETF pays a higher dividend yield, EUSA or USMF?

EUSA has the higher dividend yield at 1.51%, compared with 1.31% for USMF.

What is the main difference between EUSA and USMF?

EUSA tracks MSCI USA Equal Weighted Index, while USMF tracks WisdomTree US Multifactor Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.09% for EUSA and 0.28% for USMF.

Which has better risk-adjusted returns?

EUSA currently has the higher Sharpe Ratio (1.63 vs 0.62), 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.