EUSA vs. VFMV

Last updated Jun 26, 2026

EUSA (iShares MSCI USA Equal Weighted ETF) and VFMV (Vanguard U.S. Minimum Volatility ETF) are both Mid Cap Blend Equities funds. EUSA is passively managed, while VFMV is actively managed. Over the past 5 years, EUSA returned 7.65%/yr vs 9.22%/yr for VFMV. Their correlation of 0.85 suggests significant overlap in exposure. EUSA charges 0.09%/yr vs 0.13%/yr for VFMV.

Performance

EUSA vs. VFMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Equal Weighted ETF (EUSA) and Vanguard U.S. Minimum Volatility ETF (VFMV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EUSA achieves a 10.06% return, which is significantly higher than VFMV's 6.98% return.

EUSA

• 1D: 0.43%
• 1M: 1.53%
• YTD: 10.06%
• 6M: 8.62%
• 1Y: 17.88%
• 3Y*: 15.73%
• 5Y*: 7.65%
• 10Y*: 12.28%

VFMV

• 1D: -0.27%
• 1M: -2.43%
• YTD: 6.98%
• 6M: 5.88%
• 1Y: 11.56%
• 3Y*: 14.30%
• 5Y*: 9.22%
• 10Y*: —

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

EUSA vs. VFMV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EUSA iShares MSCI USA Equal Weighted ETF	10.06%	10.24%	14.64%	17.72%	-17.13%	25.60%	15.03%	30.56%	-9.10%
VFMV Vanguard U.S. Minimum Volatility ETF	6.98%	10.52%	16.91%	8.86%	-5.73%	20.75%	-0.19%	27.26%	-0.34%

Correlation

The correlation between EUSA and VFMV is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Feb 15, 2018	0.85

The correlation between EUSA and VFMV has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.

EUSA vs. VFMV - Sectors Allocation Comparison

Sectors	EUSA	VFMV
Technology	20.3%	25.1%
Industrials	15.3%	10.1%
Financial Services	14.7%	10.6%
Consumer Cyclical	11.1%	6.9%
Healthcare	10.8%	10.1%
Utilities	5.4%	6.7%
Consumer Defensive	5.3%	9.5%
Real Estate	5.2%	6.4%
Basic Materials	4.3%	-
Communication Services	4.0%	10.7%
Energy	3.8%	3.9%

Return for Risk

EUSA vs. VFMV — Risk / Return Rank

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

EUSA

EUSA Risk / Return Rank: 51
EUSA Sharpe Ratio Rank: 50
EUSA Sortino Ratio Rank: 50
EUSA Omega Ratio Rank: 46
EUSA Calmar Ratio Rank: 54
EUSA Martin Ratio Rank: 59

VFMV

VFMV Risk / Return Rank: 43
VFMV Sharpe Ratio Rank: 42
VFMV Sortino Ratio Rank: 42
VFMV Omega Ratio Rank: 39
VFMV Calmar Ratio Rank: 44
VFMV Martin Ratio Rank: 50

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. VFMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Equal Weighted ETF (EUSA) 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.

	EUSA	VFMV	Difference
Sharpe ratio: Return per unit of total volatility	1.49	1.32	+0.17
Sortino ratio: Return per unit of downside risk	2.16	1.92	+0.24
Omega ratio: Gain probability vs. loss probability	1.26	1.23	+0.03
Calmar ratio: Return relative to maximum drawdown	2.30	1.93	+0.36
Martin ratio: Return relative to average drawdown	9.03	7.31	+1.72

EUSA vs. VFMV - Sharpe Ratio Comparison

The current EUSA Sharpe Ratio is 1.49, which is comparable to the VFMV Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of EUSA and VFMV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EUSA vs. VFMV - Drawdown Comparison

The maximum EUSA drawdown since its inception was -39.16%, which is greater than VFMV's maximum drawdown of -33.64%. Use the drawdown chart below to compare losses from any high point for EUSA and VFMV.

Drawdown Indicators

	EUSA	VFMV	Difference
Max Drawdown Largest peak-to-trough decline	-39.16%	-33.64%	-5.52%
Max Drawdown (1Y) Largest decline over 1 year	-7.82%	-6.00%	-1.82%
Max Drawdown (3Y) Largest decline over 3 years	-18.20%	-10.35%	-7.85%
Max Drawdown (5Y) Largest decline over 5 years	-25.24%	-15.41%	-9.83%
Max Drawdown (10Y) Largest decline over 10 years	-39.16%	—	—
Current Drawdown Current decline from peak	-0.62%	-2.43%	+1.81%
Average Drawdown Average peak-to-trough decline	-4.58%	-3.62%	-0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	1.59%	+0.40%

Volatility

EUSA vs. VFMV - Volatility Comparison

iShares MSCI USA Equal Weighted ETF (EUSA) has a higher volatility of 3.67% compared to Vanguard U.S. Minimum Volatility ETF (VFMV) at 2.13%. This indicates that EUSA's price experiences larger fluctuations and is considered to be riskier than VFMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUSA	VFMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.67%	2.13%	+1.54%
Volatility (6M) Calculated over the trailing 6-month period	9.09%	6.44%	+2.65%
Volatility (1Y) Calculated over the trailing 1-year period	12.04%	8.84%	+3.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.99%	11.75%	+5.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.32%	14.22%	+4.10%

EUSA vs. VFMV - Expense Ratio Comparison

EUSA has a 0.09% expense ratio, which is lower than VFMV's 0.13% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

EUSA vs. VFMV - Dividend Comparison

EUSA's dividend yield for the trailing twelve months is around 1.47%, less than VFMV's 1.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUSA iShares MSCI USA Equal Weighted ETF	1.47%	1.63%	1.47%	1.53%	1.73%	1.23%	1.45%	1.49%	2.01%	1.50%	1.59%	2.21%
VFMV Vanguard U.S. Minimum Volatility ETF	1.81%	2.12%	1.46%	2.20%	2.08%	1.31%	2.14%	2.43%	2.29%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EUSA and VFMV in my portfolio?

EUSA and VFMV have a correlation of 0.83, 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 VFMV?

EUSA has higher volatility (3.67%) compared to VFMV (2.13%). In terms of maximum drawdown, EUSA dropped -39.16% vs VFMV's -33.64%.

Which ETF is better, EUSA or VFMV?

On 5-year performance, VFMV leads with 9.22% vs 7.65% for EUSA. On fees, EUSA is cheaper at 0.09% per year. On volatility, VFMV has been the lower-risk option at 2.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EUSA or VFMV?

Over the 5-year period, VFMV has performed better with a 9.22% return vs 7.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EUSA or VFMV?

EUSA is cheaper with a 0.09% expense ratio, compared with 0.13% for VFMV.

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

VFMV has the higher dividend yield at 1.81%, compared with 1.47% for EUSA.

What is the main difference between EUSA and VFMV?

They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.09% for EUSA and 0.13% for VFMV.

Which has better risk-adjusted returns?

EUSA currently has the higher Sharpe Ratio (1.49 vs 1.32), 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.