MAYT vs. USMV
Compare and contrast key facts about AllianzIM U.S. Large Cap Buffer10 May ETF (MAYT) and iShares Edge MSCI Min Vol USA ETF (USMV).
MAYT and USMV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MAYT is an actively managed fund by Allianz. It was launched on Apr 28, 2023. USMV is a passively managed fund by iShares that tracks the performance of the MSCI USA Minimum Volatility Index. It was launched on Oct 18, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MAYT or USMV.
Key characteristics
| MAYT | USMV | |
|---|---|---|
| YTD Return | 14.55% | 17.35% |
| 1Y Return | 21.55% | 23.39% |
| Sharpe Ratio | 2.88 | 2.69 |
| Daily Std Dev | 7.45% | 8.74% |
| Max Drawdown | -6.71% | -33.10% |
| Current Drawdown | -0.14% | -1.07% |
Correlation
The correlation between MAYT and USMV is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MAYT vs. USMV - Performance Comparison
In the year-to-date period, MAYT achieves a 14.55% return, which is significantly lower than USMV's 17.35% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MAYT vs. USMV - Expense Ratio Comparison
MAYT has a 0.74% expense ratio, which is higher than USMV's 0.15% expense ratio.
Risk-Adjusted Performance
MAYT vs. USMV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Large Cap Buffer10 May ETF (MAYT) and iShares Edge MSCI Min Vol USA 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.
Dividends
MAYT vs. USMV - Dividend Comparison
MAYT has not paid dividends to shareholders, while USMV's dividend yield for the trailing twelve months is around 1.63%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAYT AllianzIM U.S. Large Cap Buffer10 May ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USMV iShares Edge MSCI Min Vol USA ETF | 1.63% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% | 1.88% | 2.18% |
Drawdowns
MAYT vs. USMV - Drawdown Comparison
The maximum MAYT drawdown since its inception was -6.71%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for MAYT and USMV. For additional features, visit the drawdowns tool.
Volatility
MAYT vs. USMV - Volatility Comparison
The current volatility for AllianzIM U.S. Large Cap Buffer10 May ETF (MAYT) is 2.26%, while iShares Edge MSCI Min Vol USA ETF (USMV) has a volatility of 2.39%. This indicates that MAYT experiences smaller price fluctuations and is considered to be less risky than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.