FSUVX vs. USMV
Compare and contrast key facts about Fidelity SAI U.S. Low Volatility Index Fund (FSUVX) and iShares Edge MSCI Min Vol USA ETF (USMV).
FSUVX is managed by Fidelity. It was launched on May 29, 2015. USMV is a passively managed fund by iShares that tracks the performance of the MSCI USA Minimum Volatility Index. It was launched on Oct 18, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FSUVX or USMV.
Correlation
The correlation between FSUVX and USMV is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FSUVX vs. USMV - Performance Comparison
Key characteristics
FSUVX:
1.93
USMV:
2.10
FSUVX:
2.62
USMV:
2.92
FSUVX:
1.35
USMV:
1.38
FSUVX:
2.60
USMV:
2.72
FSUVX:
8.00
USMV:
8.63
FSUVX:
2.20%
USMV:
2.16%
FSUVX:
9.13%
USMV:
8.90%
FSUVX:
-32.41%
USMV:
-33.10%
FSUVX:
-1.73%
USMV:
-1.26%
Returns By Period
In the year-to-date period, FSUVX achieves a 3.82% return, which is significantly lower than USMV's 4.69% return.
FSUVX
3.82%
3.05%
4.96%
16.44%
8.82%
N/A
USMV
4.69%
3.45%
4.86%
17.51%
7.85%
10.43%
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FSUVX vs. USMV - Expense Ratio Comparison
FSUVX has a 0.11% 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%.
Risk-Adjusted Performance
FSUVX vs. USMV — Risk-Adjusted Performance Rank
FSUVX
USMV
FSUVX vs. USMV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI U.S. Low Volatility Index Fund (FSUVX) and iShares Edge MSCI Min Vol USA 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.
Dividends
FSUVX vs. USMV - Dividend Comparison
FSUVX's dividend yield for the trailing twelve months is around 1.79%, more than USMV's 1.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSUVX Fidelity SAI U.S. Low Volatility Index Fund | 1.79% | 1.86% | 1.74% | 2.10% | 1.74% | 1.31% | 4.11% | 1.58% | 1.09% | 2.23% | 1.17% | 0.00% |
USMV iShares Edge MSCI Min Vol USA ETF | 1.60% | 1.67% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% | 1.88% |
Drawdowns
FSUVX vs. USMV - Drawdown Comparison
The maximum FSUVX drawdown since its inception was -32.41%, roughly equal to the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for FSUVX and USMV. For additional features, visit the drawdowns tool.
Volatility
FSUVX vs. USMV - Volatility Comparison
The current volatility for Fidelity SAI U.S. Low Volatility Index Fund (FSUVX) is 2.20%, while iShares Edge MSCI Min Vol USA ETF (USMV) has a volatility of 2.47%. This indicates that FSUVX experiences smaller price fluctuations and is considered to be less risky than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.