GOP vs. USMV
GOP (Unusual Whales Subversive Republican Trading ETF) and USMV (iShares MSCI USA Min Vol Factor ETF) are both Large Cap Blend Equities funds. GOP is actively managed, while USMV is passively managed. Over the past 3 years, GOP returned 20.59%/yr vs 10.79%/yr for USMV. A 0.64 correlation means they provide meaningful diversification when combined. GOP charges 0.73%/yr vs 0.15%/yr for USMV.
Performance
GOP vs. USMV - Performance Comparison
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Returns By Period
In the year-to-date period, GOP achieves a 19.65% return, which is significantly higher than USMV's 2.87% return.
GOP
- 1D
- -1.80%
- 1M
- -0.27%
- YTD
- 19.65%
- 6M
- 18.65%
- 1Y
- 31.34%
- 3Y*
- 20.59%
- 5Y*
- —
- 10Y*
- —
USMV
- 1D
- 0.18%
- 1M
- -0.14%
- YTD
- 2.87%
- 6M
- 1.88%
- 1Y
- 4.97%
- 3Y*
- 10.79%
- 5Y*
- 7.23%
- 10Y*
- 9.54%
GOP vs. USMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GOP Unusual Whales Subversive Republican Trading ETF | 19.65% | 17.12% | 14.43% | 11.40% |
USMV iShares MSCI USA Min Vol Factor ETF | 2.87% | 7.65% | 15.74% | 9.22% |
Correlation
The correlation between GOP and USMV is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2023 | 0.64 |
Over the past year, the correlation between GOP and USMV has dropped to 0.40 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.
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Return for Risk
GOP vs. USMV — Risk / Return Rank
GOP
USMV
GOP vs. USMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Unusual Whales Subversive Republican Trading ETF (GOP) 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.
| GOP | USMV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.10 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 4.49 | 0.77 | +3.71 |
| Martin ratioReturn relative to average drawdown | 16.13 | 2.51 | +13.63 |
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Drawdowns
GOP vs. USMV - Drawdown Comparison
The maximum GOP drawdown since its inception was -15.42%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for GOP and USMV.
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Drawdown Indicators
| GOP | USMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.42% | -33.10% | +17.68% |
Max Drawdown (1Y)Largest decline over 1 year | -6.88% | -6.46% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -15.42% | -9.36% | -6.06% |
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 | -3.00% | -0.97% | -2.03% |
Average DrawdownAverage peak-to-trough decline | -2.51% | -2.87% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 1.99% | -0.08% |
Volatility
GOP vs. USMV - Volatility Comparison
Unusual Whales Subversive Republican Trading ETF (GOP) has a higher volatility of 6.06% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 2.69%. This indicates that GOP'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
| GOP | USMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.06% | 2.69% | +3.37% |
Volatility (6M)Calculated over the trailing 6-month period | 12.53% | 6.20% | +6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.24% | 8.57% | +6.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.29% | 12.36% | +1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.29% | 14.49% | -0.20% |
GOP vs. USMV - Expense Ratio Comparison
GOP has a 0.73% expense ratio, which is higher than USMV's 0.15% expense ratio.
Dividends
GOP vs. USMV - Dividend Comparison
GOP's dividend yield for the trailing twelve months is around 0.57%, less than USMV's 1.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOP Unusual Whales Subversive Republican Trading ETF | 0.57% | 0.69% | 0.57% | 1.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USMV iShares MSCI USA Min Vol Factor ETF | 1.50% | 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
GOP and USMV have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOP has higher volatility (6.06%) compared to USMV (2.69%). In terms of maximum drawdown, GOP dropped -15.42% vs USMV's -33.10%.
On 3-year performance, GOP leads with 20.59% vs 10.79% for USMV. On fees, USMV is cheaper at 0.15% per year. On volatility, USMV has been the lower-risk option at 2.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GOP has performed better with a 20.59% return vs 10.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USMV is cheaper with a 0.15% expense ratio, compared with 0.73% for GOP.
USMV has the higher dividend yield at 1.50%, compared with 0.57% for GOP.
They also come from different issuers: Tidal Investments and iShares. Their fees differ too: 0.73% for GOP and 0.15% for USMV.
GOP currently has the higher Sharpe Ratio (2.03 vs 0.58), 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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