GFL vs. USMV
GFL (GFL Environmental Inc.) is a stock, while USMV (iShares MSCI USA Min Vol Factor ETF) is Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility Index. Over the past 5 years, GFL returned 1.88%/yr vs 7.24%/yr for USMV. At a 0.42 correlation, their price movements are largely independent.
Performance
GFL vs. USMV - Performance Comparison
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Returns By Period
In the year-to-date period, GFL achieves a -16.19% return, which is significantly lower than USMV's 2.43% return.
GFL
- 1D
- 0.28%
- 1M
- -0.75%
- YTD
- -16.19%
- 6M
- -18.43%
- 1Y
- -29.04%
- 3Y*
- -0.84%
- 5Y*
- 1.88%
- 10Y*
- —
USMV
- 1D
- 0.43%
- 1M
- 1.84%
- YTD
- 2.43%
- 6M
- 2.34%
- 1Y
- 4.00%
- 3Y*
- 11.35%
- 5Y*
- 7.24%
- 10Y*
- 9.90%
GFL vs. USMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GFL GFL Environmental Inc. | -16.19% | -3.44% | 29.26% | 18.24% | -22.65% | 29.88% | 67.01% |
USMV iShares MSCI USA Min Vol Factor ETF | 2.43% | 7.65% | 15.74% | 10.33% | -9.43% | 20.85% | 7.18% |
Correlation
The correlation between GFL and USMV is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2020 | 0.42 |
The correlation between GFL and USMV shifts across timeframes, from 0.33 (1 year) to 0.46 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GFL vs. USMV — Risk / Return Rank
GFL
USMV
GFL vs. USMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GFL Environmental Inc. (GFL) 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.
| GFL | USMV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.34 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.08 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 0.62 | -1.47 |
| Martin ratioReturn relative to average drawdown | -1.84 | 2.06 | -3.90 |
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Drawdowns
GFL vs. USMV - Drawdown Comparison
The maximum GFL drawdown since its inception was -42.76%, which is greater than USMV's maximum drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for GFL and USMV.
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Drawdown Indicators
| GFL | USMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.76% | -33.10% | -9.66% |
Max Drawdown (1Y)Largest decline over 1 year | -34.20% | -6.46% | -27.74% |
Max Drawdown (3Y)Largest decline over 3 years | -34.88% | -9.36% | -25.52% |
Max Drawdown (5Y)Largest decline over 5 years | -42.76% | -17.93% | -24.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.10% | — |
Current DrawdownCurrent decline from peak | -30.16% | -1.40% | -28.76% |
Average DrawdownAverage peak-to-trough decline | -14.41% | -2.87% | -11.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.78% | 1.95% | +13.83% |
Volatility
GFL vs. USMV - Volatility Comparison
GFL Environmental Inc. (GFL) has a higher volatility of 8.65% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 2.70%. This indicates that GFL's price experiences larger fluctuations and is considered to be riskier than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GFL | USMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.65% | 2.70% | +5.95% |
Volatility (6M)Calculated over the trailing 6-month period | 21.75% | 6.02% | +15.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.61% | 8.56% | +17.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.80% | 12.36% | +17.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.98% | 14.51% | +18.47% |
Dividends
GFL vs. USMV - Dividend Comparison
GFL's dividend yield for the trailing twelve months is around 0.18%, less than USMV's 1.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GFL GFL Environmental Inc. | 0.18% | 0.14% | 0.12% | 0.15% | 0.16% | 0.11% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USMV iShares MSCI USA Min Vol Factor ETF | 1.53% | 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
GFL and USMV have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GFL has higher volatility (8.65%) compared to USMV (2.70%). In terms of maximum drawdown, GFL dropped -42.76% vs USMV's -33.10%.
USMV currently has the higher Sharpe Ratio (0.47 vs -1.14), 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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