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IUS vs. USMV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IUS vs. USMV

Last updated Jul 15, 2026
Documentation

IUS (Invesco RAFI Strategic US ETF) and USMV (iShares MSCI USA Min Vol Factor ETF) are both Large Cap Blend Equities funds - IUS tracks the Invesco Strategic US Index while USMV tracks the MSCI USA Minimum Volatility Index. Both are passively managed. Over the past 5 years, IUS returned 14.13%/yr vs 6.93%/yr for USMV. A 0.75 correlation means they provide meaningful diversification when combined. IUS charges 0.19%/yr vs 0.15%/yr for USMV.

Performance

IUS vs. USMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco RAFI Strategic US ETF (IUS) and iShares MSCI USA Min Vol Factor ETF (USMV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IUS achieves a 17.63% return, which is significantly higher than USMV's 3.64% return.

IUS

1D
-0.38%
1M
1.93%
6M
14.07%
YTD
17.63%
1Y
29.97%
3Y*
19.63%
5Y*
14.13%
10Y*
—

USMV

1D
-0.96%
1M
1.18%
6M
3.50%
YTD
3.64%
1Y
5.50%
3Y*
11.07%
5Y*
6.93%
10Y*
9.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IUS vs. USMV - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
IUS
Invesco RAFI Strategic US ETF		17.63%16.94%16.51%20.79%-8.34%32.17%15.09%29.34%-12.28%
USMV
iShares MSCI USA Min Vol Factor ETF		3.64%7.65%15.74%10.33%-9.43%20.85%5.64%27.69%-6.97%

Correlation

The correlation between IUS and USMV is 0.64, 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

0.64

Correlation (3Y)
Calculated over the trailing 3-year period

0.75

Correlation (5Y)
Calculated over the trailing 5-year period

0.81

Correlation (All Time)
Calculated using the full available price history since Sep 12, 2018

0.75

The correlation between IUS and USMV shifts across timeframes, from 0.64 (1 year) to 0.81 (5 years), reflecting how their relationship changes across market environments.

IUS vs. USMV - Sectors Allocation Comparison

Sectors
IUS
USMV

Technology

21.6%
33.9%

Healthcare

15.2%
12.6%

Communication Services

11.7%
6.2%

Consumer Cyclical

11.5%
5.7%

Financial Services

9.3%
11.7%

Industrials

9.1%
6.1%

Consumer Defensive

7.6%
9.4%

Energy

7.5%
2.7%

Basic Materials

3.0%
2.4%

Utilities

1.4%
6.9%

Real Estate

0.6%
2.5%

Technology

IUS
21.6%
USMV
33.9%

Healthcare

IUS
15.2%
USMV
12.6%

Communication Services

IUS
11.7%
USMV
6.2%

Consumer Cyclical

IUS
11.5%
USMV
5.7%

Financial Services

IUS
9.3%
USMV
11.7%

Industrials

IUS
9.1%
USMV
6.1%

Consumer Defensive

IUS
7.6%
USMV
9.4%

Energy

IUS
7.5%
USMV
2.7%

Basic Materials

IUS
3.0%
USMV
2.4%

Utilities

IUS
1.4%
USMV
6.9%

Real Estate

IUS
0.6%
USMV
2.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco RAFI Strategic US ETF

iShares MSCI USA Min Vol Factor ETF

Often compared with IUS:
IUS vs. EPSIUS vs. BSIIXIUS vs. IUSGIUS vs. QLVIUS vs. SCHDIUS vs. FMDEIUS vs. XLK
Often compared with USMV:
USMV vs. SPLVUSMV vs. SPYUSMV vs. VOOUSMV vs. QUALUSMV vs. VFMVUSMV vs. ACWVUSMV vs. VTI

Return for Risk

IUS vs. USMV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IUS
IUS Risk / Return Rank: 9494
Overall Rank
IUS Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
IUS Sortino Ratio Rank: 9494
Sortino Ratio Rank
IUS Omega Ratio Rank: 9393
Omega Ratio Rank
IUS Calmar Ratio Rank: 9292
Calmar Ratio Rank
IUS Martin Ratio Rank: 9494
Martin Ratio Rank
USMV
USMV Risk / Return Rank: 2222
Overall Rank
USMV Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
USMV Sortino Ratio Rank: 2121
Sortino Ratio Rank
USMV Omega Ratio Rank: 2020
Omega Ratio Rank
USMV Calmar Ratio Rank: 2323
Calmar Ratio Rank
USMV Martin Ratio Rank: 2626
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IUS vs. USMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco RAFI Strategic US ETF (IUS) 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.

IUSUSMVDifference
Sharpe ratioReturn per unit of total volatility
2.84
0.65

+2.19

Sortino ratioReturn per unit of downside risk
3.89
0.96

+2.92

Omega ratioGain probability vs. loss probability

1.52

1.11

+0.41

Calmar ratioReturn relative to maximum drawdown

4.90

0.86

+4.04

Martin ratioReturn relative to average drawdown

20.38

2.80

+17.58

IUS vs. USMV - Sharpe Ratio Comparison

The current IUS Sharpe Ratio is 2.84, which is higher than the USMV Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of IUS and USMV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IUS vs. USMV - Drawdown Comparison

The maximum IUS drawdown since its inception was -34.67%, roughly equal to the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for IUS and USMV.

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Drawdown Indicators

IUSUSMVDifference

Max Drawdown

Largest peak-to-trough decline

-34.67%

-33.10%

-1.57%

Max Drawdown (1Y)

Largest decline over 1 year

-6.15%

-6.46%

+0.31%

Max Drawdown (3Y)

Largest decline over 3 years

-15.61%

-9.36%

-6.25%

Max Drawdown (5Y)

Largest decline over 5 years

-18.72%

-17.93%

-0.79%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.10%

—

Current Drawdown

Current decline from peak

-0.38%

-1.49%

+1.11%

Average Drawdown

Average peak-to-trough decline

-3.82%

-2.87%

-0.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.48%

1.97%

-0.49%

Volatility

IUS vs. USMV - Volatility Comparison

Invesco RAFI Strategic US ETF (IUS) and iShares MSCI USA Min Vol Factor ETF (USMV) have volatilities of 2.64% and 2.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IUSUSMVDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.64%

2.75%

-0.11%

Volatility (6M)

Calculated over the trailing 6-month period

7.93%

6.30%

+1.63%

Volatility (1Y)

Calculated over the trailing 1-year period

10.60%

8.52%

+2.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.02%

12.37%

+2.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.97%

14.50%

+3.47%

IUS vs. USMV - Expense Ratio Comparison

IUS has a 0.19% 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%.

Dividends

IUS vs. USMV - Dividend Comparison

IUS's dividend yield for the trailing twelve months is around 1.26%, less than USMV's 1.49% yield.

PositionTTM20252024202320222021202020192018201720162015
IUS
Invesco RAFI Strategic US ETF		1.26%1.48%1.52%1.72%1.78%1.46%1.74%1.77%0.73%0.00%0.00%0.00%
USMV
iShares MSCI USA Min Vol Factor ETF		1.49%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

IUS and USMV have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

USMV has higher volatility (2.75%) compared to IUS (2.64%). In terms of maximum drawdown, IUS dropped -34.67% vs USMV's -33.10%.

On 5-year performance, IUS leads with 14.13% vs 6.93% for USMV. On fees, USMV is cheaper at 0.15% per year. On volatility, IUS has been the lower-risk option at 2.64%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IUS has performed better with a 14.13% return vs 6.93%. 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 0.19% for IUS.

USMV has the higher dividend yield at 1.49%, compared with 1.26% for IUS.

IUS tracks Invesco Strategic US Index, while USMV tracks MSCI USA Minimum Volatility Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for IUS and 0.15% for USMV.

IUS currently has the higher Sharpe Ratio (2.84 vs 0.65), 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.

Portfolio Optimizer

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