LGDX vs. USMV

Last updated Jul 17, 2026

LGDX (Intech S&P Large Cap Diversified Alpha ETF) and USMV (iShares MSCI USA Min Vol Factor ETF) are both Large Cap Blend Equities funds. LGDX is actively managed, while USMV is passively managed. Over the past year, LGDX returned 17.01% vs 6.27% for USMV. A 0.56 correlation means they provide meaningful diversification when combined. LGDX charges 0.25%/yr vs 0.15%/yr for USMV.

Performance

LGDX vs. USMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Intech S&P Large Cap Diversified Alpha ETF (LGDX) 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, LGDX achieves a 8.60% return, which is significantly higher than USMV's 3.90% return.

LGDX

• 1D: -0.85%
• 1M: -0.33%
• 6M: 7.99%
• YTD: 8.60%
• 1Y: 17.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USMV

• 1D: 1.08%
• 1M: 1.27%
• 6M: 3.44%
• YTD: 3.90%
• 1Y: 6.27%
• 3Y*: 11.14%
• 5Y*: 6.96%
• 10Y*: 9.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LGDX vs. USMV - Yearly Performance Comparison

	2026 (YTD)	2025
LGDX Intech S&P Large Cap Diversified Alpha ETF	8.60%	15.03%
USMV iShares MSCI USA Min Vol Factor ETF	3.90%	2.43%

Correlation

The correlation between LGDX and USMV is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Feb 28, 2025	0.56

The correlation between LGDX and USMV shifts across timeframes, from 0.46 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.

LGDX vs. USMV - Sectors Allocation Comparison

Sectors	LGDX	USMV
Technology	37.3%	33.9%
Communication Services	11.2%	6.2%
Consumer Cyclical	10.3%	5.7%
Financial Services	10.1%	11.7%
Healthcare	8.8%	12.6%
Industrials	8.3%	6.1%
Consumer Defensive	3.9%	9.4%
Real Estate	2.9%	2.5%
Utilities	2.8%	6.9%
Energy	2.7%	2.7%
Basic Materials	1.8%	2.4%

Return for Risk

LGDX vs. USMV — Risk / Return Rank

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

LGDX

LGDX Risk / Return Rank: 47
LGDX Sharpe Ratio Rank: 45
LGDX Sortino Ratio Rank: 44
LGDX Omega Ratio Rank: 43
LGDX Calmar Ratio Rank: 46
LGDX Martin Ratio Rank: 57

USMV

USMV Risk / Return Rank: 25
USMV Sharpe Ratio Rank: 25
USMV Sortino Ratio Rank: 23
USMV Omega Ratio Rank: 22
USMV Calmar Ratio Rank: 25
USMV Martin Ratio Rank: 29

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.

LGDX vs. USMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Intech S&P Large Cap Diversified Alpha ETF (LGDX) 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.

	LGDX	USMV	Difference
Sharpe ratio: Return per unit of total volatility	1.32	0.74	+0.58
Sortino ratio: Return per unit of downside risk	1.86	1.10	+0.76
Omega ratio: Gain probability vs. loss probability	1.23	1.13	+0.10
Calmar ratio: Return relative to maximum drawdown	1.91	0.98	+0.93
Martin ratio: Return relative to average drawdown	7.87	3.18	+4.69

LGDX vs. USMV - Sharpe Ratio Comparison

The current LGDX Sharpe Ratio is 1.32, which is higher than the USMV Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of LGDX 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

LGDX vs. USMV - Drawdown Comparison

The maximum LGDX drawdown since its inception was -15.79%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for LGDX and USMV.

Drawdown Indicators

	LGDX	USMV	Difference
Max Drawdown Largest peak-to-trough decline	-15.79%	-33.10%	+17.31%
Max Drawdown (1Y) Largest decline over 1 year	-8.96%	-6.46%	-2.50%
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	-1.66%	-1.24%	-0.42%
Average Drawdown Average peak-to-trough decline	-2.04%	-2.87%	+0.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	1.98%	+0.19%

Volatility

LGDX vs. USMV - Volatility Comparison

Intech S&P Large Cap Diversified Alpha ETF (LGDX) and iShares MSCI USA Min Vol Factor ETF (USMV) have volatilities of 3.13% and 3.00%, 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.

Volatility by Period

	LGDX	USMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.13%	3.00%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	10.34%	6.41%	+3.93%
Volatility (1Y) Calculated over the trailing 1-year period	12.99%	8.53%	+4.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.02%	12.38%	+5.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.02%	14.50%	+3.52%

LGDX vs. USMV - Expense Ratio Comparison

LGDX 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%.

Dividends

LGDX vs. USMV - Dividend Comparison

LGDX's dividend yield for the trailing twelve months is around 0.48%, less than USMV's 1.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LGDX Intech S&P Large Cap Diversified Alpha ETF	0.48%	0.52%	0.00%	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 LGDX and USMV in my portfolio?

LGDX and USMV have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LGDX or USMV?

LGDX has higher volatility (3.13%) compared to USMV (3.00%). In terms of maximum drawdown, LGDX dropped -15.79% vs USMV's -33.10%.

Which ETF is better, LGDX or USMV?

On 1-year performance, LGDX leads with 17.01% vs 6.27% for USMV. On fees, USMV is cheaper at 0.15% per year. On volatility, USMV has been the lower-risk option at 3.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LGDX or USMV?

Over the 1-year period, LGDX has performed better with a 17.01% return vs 6.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LGDX or USMV?

USMV is cheaper with a 0.15% expense ratio, compared with 0.25% for LGDX.

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

USMV has the higher dividend yield at 1.49%, compared with 0.48% for LGDX.

What is the main difference between LGDX and USMV?

They also come from different issuers: Intech and iShares. Their fees differ too: 0.25% for LGDX and 0.15% for USMV.

Which has better risk-adjusted returns?

LGDX currently has the higher Sharpe Ratio (1.32 vs 0.74), 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.