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FEUS vs. USMV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FEUS vs. USMV

Last updated Jul 17, 2026
Documentation

FEUS (FlexShares ESG & Climate US Large Cap Core Index Fund) and USMV (iShares MSCI USA Min Vol Factor ETF) are both Large Cap Blend Equities funds - FEUS tracks the Northern Trust ESG & Climate US Large Cap Core Index - Benchmark TR Gross while USMV tracks the MSCI USA Minimum Volatility Index. Both are passively managed. Over the past 3 years, FEUS returned 18.15%/yr vs 11.14%/yr for USMV. A 0.76 correlation means they provide meaningful diversification when combined. FEUS charges 0.09%/yr vs 0.15%/yr for USMV.

Performance

FEUS vs. USMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FlexShares ESG & Climate US Large Cap Core Index Fund (FEUS) 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, FEUS achieves a 10.18% return, which is significantly higher than USMV's 3.90% return.

FEUS

1D
-0.47%
1M
0.79%
6M
9.60%
YTD
10.18%
1Y
21.17%
3Y*
18.15%
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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FEUS vs. USMV - Yearly Performance Comparison

2026 (YTD)20252024202320222021
FEUS
FlexShares ESG & Climate US Large Cap Core Index Fund		10.18%14.67%23.10%25.54%-19.10%9.37%
USMV
iShares MSCI USA Min Vol Factor ETF		3.90%7.65%15.74%10.33%-9.43%8.37%

Correlation

The correlation between FEUS 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

0.65

Correlation (All Time)
Calculated using the full available price history since Sep 21, 2021

0.76

Over the past year, the correlation between FEUS and USMV has dropped to 0.51 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

FEUS vs. USMV - Sectors Allocation Comparison

Sectors
FEUS
USMV

Technology

39.0%
33.9%

Financial Services

11.2%
11.7%

Communication Services

10.4%
6.2%

Consumer Cyclical

10.4%
5.7%

Healthcare

8.2%
12.6%

Industrials

8.0%
6.1%

Consumer Defensive

4.2%
9.4%

Energy

3.4%
2.7%

Real Estate

2.0%
2.5%

Utilities

1.7%
6.9%

Basic Materials

1.5%
2.4%

Technology

FEUS
39.0%
USMV
33.9%

Financial Services

FEUS
11.2%
USMV
11.7%

Communication Services

FEUS
10.4%
USMV
6.2%

Consumer Cyclical

FEUS
10.4%
USMV
5.7%

Healthcare

FEUS
8.2%
USMV
12.6%

Industrials

FEUS
8.0%
USMV
6.1%

Consumer Defensive

FEUS
4.2%
USMV
9.4%

Energy

FEUS
3.4%
USMV
2.7%

Real Estate

FEUS
2.0%
USMV
2.5%

Utilities

FEUS
1.7%
USMV
6.9%

Basic Materials

FEUS
1.5%
USMV
2.4%

Compare stocks, funds, or ETFs

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

FlexShares ESG & Climate US Large Cap Core Index Fund

iShares MSCI USA Min Vol Factor ETF

Often compared with FEUS:
FEUS vs. ESGVFEUS vs. VOTEFEUS vs. BDGSFEUS vs. IVVFEUS vs. FEIGFEUS vs. RAVIFEUS vs. NFRA
Often compared with USMV:
USMV vs. SPLVUSMV vs. SPYUSMV vs. VOOUSMV vs. QUALUSMV vs. VFMVUSMV vs. ACWVUSMV vs. VTI

Return for Risk

FEUS vs. USMV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FEUS
FEUS Risk / Return Rank: 6262
Overall Rank
FEUS Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
FEUS Sortino Ratio Rank: 6262
Sortino Ratio Rank
FEUS Omega Ratio Rank: 6363
Omega Ratio Rank
FEUS Calmar Ratio Rank: 5555
Calmar Ratio Rank
FEUS Martin Ratio Rank: 6464
Martin Ratio Rank
USMV
USMV Risk / Return Rank: 2525
Overall Rank
USMV Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
USMV Sortino Ratio Rank: 2323
Sortino Ratio Rank
USMV Omega Ratio Rank: 2222
Omega Ratio Rank
USMV Calmar Ratio Rank: 2525
Calmar Ratio Rank
USMV Martin Ratio Rank: 2929
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.

FEUS vs. USMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FlexShares ESG & Climate US Large Cap Core Index Fund (FEUS) 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.

FEUSUSMVDifference
Sharpe ratioReturn per unit of total volatility
1.70
0.74

+0.96

Sortino ratioReturn per unit of downside risk
2.35
1.10

+1.25

Omega ratioGain probability vs. loss probability

1.30

1.13

+0.17

Calmar ratioReturn relative to maximum drawdown

2.23

0.98

+1.25

Martin ratioReturn relative to average drawdown

8.95

3.18

+5.77

FEUS vs. USMV - Sharpe Ratio Comparison

The current FEUS Sharpe Ratio is 1.70, which is higher than the USMV Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of FEUS 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

FEUS vs. USMV - Drawdown Comparison

The maximum FEUS drawdown since its inception was -25.31%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for FEUS and USMV.

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Drawdown Indicators

FEUSUSMVDifference

Max Drawdown

Largest peak-to-trough decline

-25.31%

-33.10%

+7.79%

Max Drawdown (1Y)

Largest decline over 1 year

-9.55%

-6.46%

-3.09%

Max Drawdown (3Y)

Largest decline over 3 years

-19.47%

-9.36%

-10.11%

Max Drawdown (5Y)

Largest decline over 5 years

—

-17.93%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.10%

—

Current Drawdown

Current decline from peak

-0.85%

-1.24%

+0.39%

Average Drawdown

Average peak-to-trough decline

-6.25%

-2.87%

-3.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.37%

1.98%

+0.39%

Volatility

FEUS vs. USMV - Volatility Comparison

FlexShares ESG & Climate US Large Cap Core Index Fund (FEUS) and iShares MSCI USA Min Vol Factor ETF (USMV) have volatilities of 2.95% and 3.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FEUSUSMVDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.95%

3.00%

-0.05%

Volatility (6M)

Calculated over the trailing 6-month period

10.03%

6.41%

+3.62%

Volatility (1Y)

Calculated over the trailing 1-year period

12.49%

8.53%

+3.96%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.94%

12.38%

+4.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.94%

14.50%

+2.44%

FEUS vs. USMV - Expense Ratio Comparison

FEUS has a 0.09% expense ratio, which is lower than USMV's 0.15% 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

FEUS vs. USMV - Dividend Comparison

FEUS's dividend yield for the trailing twelve months is around 0.99%, less than USMV's 1.49% yield.

PositionTTM20252024202320222021202020192018201720162015
FEUS
FlexShares ESG & Climate US Large Cap Core Index Fund		0.99%1.06%1.15%1.41%1.48%0.36%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

FEUS 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.

USMV has higher volatility (3.00%) compared to FEUS (2.95%). In terms of maximum drawdown, FEUS dropped -25.31% vs USMV's -33.10%.

On 3-year performance, FEUS leads with 18.15% vs 11.14% for USMV. On fees, FEUS is cheaper at 0.09% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, FEUS has performed better with a 18.15% return vs 11.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FEUS is cheaper with a 0.09% expense ratio, compared with 0.15% for USMV.

USMV has the higher dividend yield at 1.49%, compared with 0.99% for FEUS.

FEUS tracks Northern Trust ESG & Climate US Large Cap Core Index - Benchmark TR Gross, while USMV tracks MSCI USA Minimum Volatility Index. They also come from different issuers: FlexShares and iShares. Their fees differ too: 0.09% for FEUS and 0.15% for USMV.

FEUS currently has the higher Sharpe Ratio (1.70 vs 0.74), 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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