ITDD vs. USMV
ITDD (Ishares Lifepath Target Date 2040 ETF) and USMV (iShares MSCI USA Min Vol Factor ETF) are both exchange-traded funds - ITDD is a Target Retirement Date fund actively managed by iShares, while USMV is a Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility Index. ITDD is actively managed, while USMV is passively managed. Over the past year, ITDD returned 20.04% vs 3.59% for USMV. A 0.65 correlation means they provide meaningful diversification when combined. ITDD charges 0.11%/yr vs 0.15%/yr for USMV.
Performance
ITDD vs. USMV - Performance Comparison
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Returns By Period
In the year-to-date period, ITDD achieves a 8.11% return, which is significantly higher than USMV's 1.14% return.
ITDD
- 1D
- -1.22%
- 1M
- 0.09%
- YTD
- 8.11%
- 6M
- 7.50%
- 1Y
- 20.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USMV
- 1D
- 0.29%
- 1M
- -2.10%
- YTD
- 1.14%
- 6M
- 0.51%
- 1Y
- 3.59%
- 3Y*
- 10.93%
- 5Y*
- 7.02%
- 10Y*
- 9.79%
ITDD vs. USMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ITDD Ishares Lifepath Target Date 2040 ETF | 8.11% | 17.66% | 13.08% | 12.87% |
USMV iShares MSCI USA Min Vol Factor ETF | 1.14% | 7.65% | 15.74% | 7.41% |
Correlation
The correlation between ITDD and USMV is 0.54, 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 | 0.54 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | 0.65 |
The correlation between ITDD and USMV shifts across timeframes, from 0.54 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ITDD vs. USMV — Risk / Return Rank
ITDD
USMV
ITDD vs. USMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Lifepath Target Date 2040 ETF (ITDD) 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.
| ITDD | USMV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.53 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.08 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 0.56 | +2.10 |
| Martin ratioReturn relative to average drawdown | 11.44 | 1.82 | +9.62 |
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Drawdowns
ITDD vs. USMV - Drawdown Comparison
The maximum ITDD drawdown since its inception was -12.46%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for ITDD and USMV.
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Drawdown Indicators
| ITDD | USMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.46% | -33.10% | +20.64% |
Max Drawdown (1Y)Largest decline over 1 year | -7.56% | -6.46% | -1.10% |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.36% | — |
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 | -1.59% | -2.63% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -2.87% | +1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 1.98% | -0.22% |
Volatility
ITDD vs. USMV - Volatility Comparison
Ishares Lifepath Target Date 2040 ETF (ITDD) has a higher volatility of 4.07% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 2.63%. This indicates that ITDD'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
| ITDD | USMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 2.63% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 8.62% | 6.14% | +2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.31% | 8.60% | +1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.56% | 12.35% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.56% | 14.51% | -2.95% |
ITDD vs. USMV - Expense Ratio Comparison
ITDD 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%.
Dividends
ITDD vs. USMV - Dividend Comparison
ITDD's dividend yield for the trailing twelve months is around 1.69%, more than USMV's 1.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITDD Ishares Lifepath Target Date 2040 ETF | 1.69% | 1.82% | 1.56% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USMV iShares MSCI USA Min Vol Factor ETF | 1.53% | 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
ITDD and USMV have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ITDD has higher volatility (4.07%) compared to USMV (2.63%). In terms of maximum drawdown, ITDD dropped -12.46% vs USMV's -33.10%.
On 1-year performance, ITDD leads with 20.04% vs 3.59% for USMV. On fees, ITDD is cheaper at 0.11% per year. On volatility, USMV has been the lower-risk option at 2.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ITDD has performed better with a 20.04% return vs 3.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ITDD is cheaper with a 0.11% expense ratio, compared with 0.15% for USMV.
ITDD has the higher dividend yield at 1.69%, compared with 1.53% for USMV.
ITDD is categorized as Target Retirement Date, while USMV is Large Cap Blend Equities. Their fees differ too: 0.11% for ITDD and 0.15% for USMV.
ITDD currently has the higher Sharpe Ratio (1.96 vs 0.42), 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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