LCDS vs. USMV

Last updated Jul 15, 2026

LCDS (JPMorgan Fundamental Data Science Large Core ETF) and USMV (iShares MSCI USA Min Vol Factor ETF) are both Large Cap Blend Equities funds. LCDS is actively managed, while USMV is passively managed. Over the past year, LCDS returned 21.46% vs 5.50% for USMV. A 0.57 correlation means they provide meaningful diversification when combined. LCDS charges 0.30%/yr vs 0.15%/yr for USMV.

Performance

LCDS vs. USMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Fundamental Data Science Large Core ETF (LCDS) and iShares MSCI USA Min Vol Factor ETF (USMV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCDS achieves a 10.76% return, which is significantly higher than USMV's 3.64% return.

LCDS

• 1D: 0.45%
• 1M: 2.18%
• 6M: 9.14%
• YTD: 10.76%
• 1Y: 21.46%
• 3Y*: —
• 5Y*: —
• 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)

LCDS vs. USMV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LCDS JPMorgan Fundamental Data Science Large Core ETF	10.76%	17.66%	10.32%
USMV iShares MSCI USA Min Vol Factor ETF	3.64%	7.65%	4.82%

Correlation

The correlation between LCDS and USMV is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Aug 8, 2024	0.57

The correlation between LCDS and USMV shifts across timeframes, from 0.45 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LCDS vs. USMV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LCDS

LCDS Risk / Return Rank: 66
LCDS Sharpe Ratio Rank: 68
LCDS Sortino Ratio Rank: 66
LCDS Omega Ratio Rank: 66
LCDS Calmar Ratio Rank: 60
LCDS Martin Ratio Rank: 70

USMV

USMV Risk / Return Rank: 22
USMV Sharpe Ratio Rank: 23
USMV Sortino Ratio Rank: 21
USMV Omega Ratio Rank: 20
USMV Calmar Ratio Rank: 23
USMV Martin Ratio Rank: 26

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.

LCDS vs. USMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Fundamental Data Science Large Core ETF (LCDS) 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.

	LCDS	USMV	Difference
Sharpe ratio: Return per unit of total volatility	1.77	0.65	+1.12
Sortino ratio: Return per unit of downside risk	2.43	0.96	+1.47
Omega ratio: Gain probability vs. loss probability	1.32	1.11	+0.20
Calmar ratio: Return relative to maximum drawdown	2.39	0.86	+1.53
Martin ratio: Return relative to average drawdown	10.19	2.80	+7.39

LCDS vs. USMV - Sharpe Ratio Comparison

The current LCDS Sharpe Ratio is 1.77, which is higher than the USMV Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of LCDS 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.

Drawdowns

LCDS vs. USMV - Drawdown Comparison

The maximum LCDS drawdown since its inception was -18.39%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for LCDS and USMV.

Drawdown Indicators

	LCDS	USMV	Difference
Max Drawdown Largest peak-to-trough decline	-18.39%	-33.10%	+14.71%
Max Drawdown (1Y) Largest decline over 1 year	-9.03%	-6.46%	-2.57%
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 Drawdown Current decline from peak	-0.22%	-1.49%	+1.27%
Average Drawdown Average peak-to-trough decline	-2.16%	-2.87%	+0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	1.97%	+0.14%

Volatility

LCDS vs. USMV - Volatility Comparison

JPMorgan Fundamental Data Science Large Core ETF (LCDS) has a higher volatility of 3.45% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 2.75%. This indicates that LCDS'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.

Volatility by Period

	LCDS	USMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.45%	2.75%	+0.70%
Volatility (6M) Calculated over the trailing 6-month period	9.64%	6.30%	+3.34%
Volatility (1Y) Calculated over the trailing 1-year period	12.21%	8.52%	+3.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.12%	12.37%	+3.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.12%	14.50%	+1.62%

LCDS vs. USMV - Expense Ratio Comparison

LCDS has a 0.30% expense ratio, which is higher than USMV's 0.15% expense ratio.

Dividends

LCDS vs. USMV - Dividend Comparison

LCDS's dividend yield for the trailing twelve months is around 0.86%, less than USMV's 1.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LCDS JPMorgan Fundamental Data Science Large Core ETF	0.86%	0.92%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USMV iShares MSCI USA Min Vol Factor ETF	1.49%	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

Can I hold both LCDS and USMV in my portfolio?

LCDS and USMV have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCDS or USMV?

LCDS has higher volatility (3.45%) compared to USMV (2.75%). In terms of maximum drawdown, LCDS dropped -18.39% vs USMV's -33.10%.

Which ETF is better, LCDS or USMV?

On 1-year performance, LCDS leads with 21.46% vs 5.50% for USMV. On fees, USMV is cheaper at 0.15% per year. On volatility, USMV has been the lower-risk option at 2.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LCDS or USMV?

Over the 1-year period, LCDS has performed better with a 21.46% return vs 5.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LCDS or USMV?

USMV is cheaper with a 0.15% expense ratio, compared with 0.30% for LCDS.

Which ETF pays a higher dividend yield, LCDS or USMV?

USMV has the higher dividend yield at 1.49%, compared with 0.86% for LCDS.

What is the main difference between LCDS and USMV?

They also come from different issuers: JPMorgan and iShares. Their fees differ too: 0.30% for LCDS and 0.15% for USMV.

Which has better risk-adjusted returns?

LCDS currently has the higher Sharpe Ratio (1.77 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.