GLOV vs. USMV
Compare and contrast key facts about Goldman Sachs ActiveBeta(R) World Low Vol Plus Equity ETF (GLOV) and iShares Edge MSCI Min Vol USA ETF (USMV).
GLOV and USMV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLOV is a passively managed fund by Goldman Sachs that tracks the performance of the Goldman Sachs ActiveBeta World Low Vol Plus Equity Index - Benchmark TR Net. It was launched on Mar 15, 2022. 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. Both GLOV and USMV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLOV or USMV.
Correlation
The correlation between GLOV and USMV is 0.90, 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
GLOV vs. USMV - Performance Comparison
Key characteristics
GLOV:
1.81
USMV:
1.99
GLOV:
2.48
USMV:
2.77
GLOV:
1.33
USMV:
1.36
GLOV:
3.07
USMV:
2.58
GLOV:
8.91
USMV:
8.19
GLOV:
1.96%
USMV:
2.16%
GLOV:
9.65%
USMV:
8.92%
GLOV:
-17.77%
USMV:
-33.10%
GLOV:
-0.92%
USMV:
-1.14%
Returns By Period
The year-to-date returns for both stocks are quite close, with GLOV having a 4.96% return and USMV slightly lower at 4.81%.
GLOV
4.96%
2.15%
4.56%
15.68%
N/A
N/A
USMV
4.81%
2.67%
4.05%
16.14%
7.97%
10.42%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GLOV vs. USMV - Expense Ratio Comparison
GLOV has a 0.25% expense ratio, which is higher than USMV's 0.15% expense ratio. However, 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
GLOV vs. USMV — Risk-Adjusted Performance Rank
GLOV
USMV
GLOV vs. USMV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ActiveBeta(R) World Low Vol Plus Equity ETF (GLOV) 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
GLOV vs. USMV - Dividend Comparison
GLOV's dividend yield for the trailing twelve months is around 1.67%, more than USMV's 1.60% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLOV Goldman Sachs ActiveBeta(R) World Low Vol Plus Equity ETF | 1.67% | 1.75% | 2.06% | 1.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
GLOV vs. USMV - Drawdown Comparison
The maximum GLOV drawdown since its inception was -17.77%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for GLOV and USMV. For additional features, visit the drawdowns tool.
Volatility
GLOV vs. USMV - Volatility Comparison
The current volatility for Goldman Sachs ActiveBeta(R) World Low Vol Plus Equity ETF (GLOV) is 2.23%, while iShares Edge MSCI Min Vol USA ETF (USMV) has a volatility of 2.51%. This indicates that GLOV 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.