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LRGF vs. USMV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LRGF vs. USMV

Last updated Jul 14, 2026
Documentation

LRGF (iShares MSCI USA Multifactor ETF) and USMV (iShares MSCI USA Min Vol Factor ETF) are both Large Cap Blend Equities funds from iShares - LRGF tracks the MSCI USA Diversified Multi-Factor while USMV tracks the MSCI USA Minimum Volatility Index. Both are passively managed. Over the past 10 years, LRGF returned 13.70%/yr vs 9.58%/yr for USMV. A 0.77 correlation means they provide meaningful diversification when combined. LRGF charges 0.20%/yr vs 0.15%/yr for USMV.

Performance

LRGF vs. USMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Multifactor ETF (LRGF) 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, LRGF achieves a 9.81% return, which is significantly higher than USMV's 4.64% return. Over the past 10 years, LRGF has outperformed USMV with an annualized return of 13.70%, while USMV has yielded a comparatively lower 9.58% annualized return.

LRGF

1D
-0.78%
1M
0.87%
6M
8.30%
YTD
9.81%
1Y
18.87%
3Y*
20.36%
5Y*
13.48%
10Y*
13.70%

USMV

1D
0.06%
1M
2.16%
6M
3.87%
YTD
4.64%
1Y
7.10%
3Y*
11.43%
5Y*
7.16%
10Y*
9.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LRGF vs. USMV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
LRGF
iShares MSCI USA Multifactor ETF		9.81%16.48%26.59%25.85%-14.77%25.01%11.11%26.11%-9.66%21.13%
USMV
iShares MSCI USA Min Vol Factor ETF		4.64%7.65%15.74%10.33%-9.43%20.85%5.64%27.69%1.33%18.91%

Correlation

The correlation between LRGF and USMV is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.49

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

0.64

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

0.76

Correlation (10Y)
Calculated over the trailing 10-year period

0.78

Correlation (All Time)
Calculated using the full available price history since Apr 30, 2015

0.77

Over the past year, the correlation between LRGF and USMV has dropped to 0.49 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

LRGF vs. USMV - Sectors Allocation Comparison

Sectors
LRGF
USMV

Technology

38.9%
33.9%

Financial Services

11.7%
11.7%

Consumer Cyclical

11.0%
5.7%

Healthcare

8.8%
12.6%

Communication Services

7.9%
6.2%

Industrials

7.8%
6.1%

Consumer Defensive

5.3%
9.4%

Energy

3.3%
2.7%

Utilities

2.1%
6.9%

Basic Materials

1.9%
2.4%

Real Estate

1.3%
2.5%

Technology

LRGF
38.9%
USMV
33.9%

Financial Services

LRGF
11.7%
USMV
11.7%

Consumer Cyclical

LRGF
11.0%
USMV
5.7%

Healthcare

LRGF
8.8%
USMV
12.6%

Communication Services

LRGF
7.9%
USMV
6.2%

Industrials

LRGF
7.8%
USMV
6.1%

Consumer Defensive

LRGF
5.3%
USMV
9.4%

Energy

LRGF
3.3%
USMV
2.7%

Utilities

LRGF
2.1%
USMV
6.9%

Basic Materials

LRGF
1.9%
USMV
2.4%

Real Estate

LRGF
1.3%
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.

iShares MSCI USA Multifactor ETF

iShares MSCI USA Min Vol Factor ETF

Often compared with LRGF:
LRGF vs. VOOLRGF vs. QUALLRGF vs. INTFLRGF vs. SPYLRGF vs. FNDALRGF vs. VVLRGF vs. JQUA
Often compared with USMV:
USMV vs. SPLVUSMV vs. SPYUSMV vs. VOOUSMV vs. QUALUSMV vs. VFMVUSMV vs. ACWVUSMV vs. VTI

Return for Risk

LRGF vs. USMV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LRGF
LRGF Risk / Return Rank: 5555
Overall Rank
LRGF Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
LRGF Sortino Ratio Rank: 5454
Sortino Ratio Rank
LRGF Omega Ratio Rank: 5454
Omega Ratio Rank
LRGF Calmar Ratio Rank: 5353
Calmar Ratio Rank
LRGF Martin Ratio Rank: 6060
Martin Ratio Rank
USMV
USMV Risk / Return Rank: 2828
Overall Rank
USMV Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
USMV Sortino Ratio Rank: 2626
Sortino Ratio Rank
USMV Omega Ratio Rank: 2525
Omega Ratio Rank
USMV Calmar Ratio Rank: 2828
Calmar Ratio Rank
USMV Martin Ratio Rank: 3131
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.

LRGF vs. USMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Multifactor ETF (LRGF) 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.

LRGFUSMVDifference
Sharpe ratioReturn per unit of total volatility
1.51
0.84

+0.66

Sortino ratioReturn per unit of downside risk
2.10
1.23

+0.87

Omega ratioGain probability vs. loss probability

1.27

1.15

+0.12

Calmar ratioReturn relative to maximum drawdown

2.13

1.10

+1.02

Martin ratioReturn relative to average drawdown

8.37

3.61

+4.76

LRGF vs. USMV - Sharpe Ratio Comparison

The current LRGF Sharpe Ratio is 1.51, which is higher than the USMV Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of LRGF 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

LRGF vs. USMV - Drawdown Comparison

The maximum LRGF drawdown since its inception was -36.03%, which is greater than USMV's maximum drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for LRGF and USMV.

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Drawdown Indicators

LRGFUSMVDifference

Max Drawdown

Largest peak-to-trough decline

-36.03%

-33.10%

-2.93%

Max Drawdown (1Y)

Largest decline over 1 year

-8.92%

-6.46%

-2.46%

Max Drawdown (3Y)

Largest decline over 3 years

-19.44%

-9.36%

-10.08%

Max Drawdown (5Y)

Largest decline over 5 years

-21.62%

-17.93%

-3.69%

Max Drawdown (10Y)

Largest decline over 10 years

-36.03%

-33.10%

-2.93%

Current Drawdown

Current decline from peak

-1.33%

-0.54%

-0.79%

Average Drawdown

Average peak-to-trough decline

-4.52%

-2.87%

-1.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.26%

1.97%

+0.29%

Volatility

LRGF vs. USMV - Volatility Comparison

iShares MSCI USA Multifactor ETF (LRGF) has a higher volatility of 3.79% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 2.54%. This indicates that LRGF'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

LRGFUSMVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.79%

2.54%

+1.25%

Volatility (6M)

Calculated over the trailing 6-month period

9.97%

6.22%

+3.75%

Volatility (1Y)

Calculated over the trailing 1-year period

12.62%

8.48%

+4.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.09%

12.36%

+4.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.29%

14.49%

+3.80%

LRGF vs. USMV - Expense Ratio Comparison

LRGF has a 0.20% 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

LRGF vs. USMV - Dividend Comparison

LRGF's dividend yield for the trailing twelve months is around 1.08%, less than USMV's 1.48% yield.

PositionTTM20252024202320222021202020192018201720162015
LRGF
iShares MSCI USA Multifactor ETF		1.08%1.16%1.23%1.49%1.78%1.05%1.35%1.76%3.27%1.68%1.56%0.83%
USMV
iShares MSCI USA Min Vol Factor ETF		1.48%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

LRGF and USMV have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

LRGF has higher volatility (3.79%) compared to USMV (2.54%). In terms of maximum drawdown, LRGF dropped -36.03% vs USMV's -33.10%.

On 10-year performance, LRGF leads with 13.70% vs 9.58% for USMV. On fees, USMV is cheaper at 0.15% per year. On volatility, USMV has been the lower-risk option at 2.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, LRGF has performed better with a 13.70% return vs 9.58%. 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 0.20% for LRGF.

USMV has the higher dividend yield at 1.48%, compared with 1.08% for LRGF.

LRGF tracks MSCI USA Diversified Multi-Factor, while USMV tracks MSCI USA Minimum Volatility Index. Their fees differ too: 0.20% for LRGF and 0.15% for USMV.

LRGF currently has the higher Sharpe Ratio (1.51 vs 0.84), 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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