FDRS vs. USMV
FDRS (Founder-Led ETF) and USMV (iShares MSCI USA Min Vol Factor ETF) are both Large Cap Blend Equities funds - FDRS tracks the Founder Led Index while USMV tracks the MSCI USA Minimum Volatility Index. Both are passively managed. At a 0.37 correlation, their price movements are largely independent. FDRS charges 0.49%/yr vs 0.15%/yr for USMV.
Performance
FDRS vs. USMV - Performance Comparison
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Returns By Period
In the year-to-date period, FDRS achieves a -4.25% return, which is significantly lower than USMV's 3.90% return.
FDRS
- 1D
- -2.05%
- 1M
- -1.76%
- 6M
- -2.91%
- YTD
- -4.25%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USMV
- 1D
- 1.08%
- 1M
- 1.27%
- 6M
- 3.44%
- YTD
- 3.90%
- 1Y
- 6.27%
- 3Y*
- 11.14%
- 5Y*
- 6.96%
- 10Y*
- 9.51%
FDRS vs. USMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FDRS Founder-Led ETF | -4.25% | -1.34% |
USMV iShares MSCI USA Min Vol Factor ETF | 3.90% | -0.96% |
Correlation
The correlation between FDRS and USMV is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 30, 2025 | 0.37 |
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Return for Risk
FDRS vs. USMV — Risk / Return Rank
FDRS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
USMV
FDRS vs. USMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Founder-Led ETF (FDRS) 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.
| FDRS | USMV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.13 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.98 | — |
| Martin ratioReturn relative to average drawdown | — | 3.18 | — |
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Drawdowns
FDRS vs. USMV - Drawdown Comparison
The maximum FDRS drawdown since its inception was -21.77%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for FDRS and USMV.
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Drawdown Indicators
| FDRS | USMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.77% | -33.10% | +11.33% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.46% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.10% | — |
Current DrawdownCurrent decline from peak | -8.81% | -1.24% | -7.57% |
Average DrawdownAverage peak-to-trough decline | -9.31% | -2.87% | -6.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.98% | — |
Volatility
FDRS vs. USMV - Volatility Comparison
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Volatility by Period
| FDRS | USMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.00% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.41% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 29.23% | 8.53% | +20.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.23% | 12.38% | +16.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.23% | 14.50% | +14.73% |
FDRS vs. USMV - Expense Ratio Comparison
FDRS has a 0.49% expense ratio, which is higher than USMV's 0.15% expense ratio.
Dividends
FDRS vs. USMV - Dividend Comparison
FDRS has not paid dividends to shareholders, while USMV's dividend yield for the trailing twelve months is around 1.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDRS Founder-Led ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USMV iShares MSCI USA Min Vol Factor ETF | 1.49% | 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
FDRS and USMV have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USMV is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USMV is cheaper with a 0.15% expense ratio, compared with 0.49% for FDRS.
USMV has the higher dividend yield at 1.49%, compared with 0.00% for FDRS.
FDRS tracks Founder Led Index, while USMV tracks MSCI USA Minimum Volatility Index. They also come from different issuers: Corgi Strategies and iShares. Their fees differ too: 0.49% for FDRS and 0.15% for USMV.
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