PQUS vs. USMV
PQUS (Pictet AI Enhanced US Equity ETF) and USMV (iShares MSCI USA Min Vol Factor ETF) are both exchange-traded funds - PQUS is a Large Cap Blend Equities fund actively managed by Pictet, while USMV is a Low Volatility fund tracking the MSCI USA Minimum Volatility Index. PQUS is actively managed, while USMV is passively managed. At a 0.41 correlation, their price movements are largely independent. PQUS charges 0.30%/yr vs 0.15%/yr for USMV.
Performance
PQUS vs. USMV - Performance Comparison
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Returns By Period
PQUS
- 1D
- -1.25%
- 1M
- 0.34%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
USMV
- 1D
- -0.15%
- 1M
- 1.65%
- 6M
- 2.18%
- YTD
- 2.81%
- 1Y
- 3.85%
- 3Y*
- 10.00%
- 5Y*
- 6.46%
- 10Y*
- 9.36%
- ALL TIME*
- 11.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $263.35K | $1.17M | $490.77K | |
| $215.43M | $209.05M | $213.43M |
PQUS vs. USMV - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PQUS Pictet AI Enhanced US Equity ETF | 8.52% |
USMV iShares MSCI USA Min Vol Factor ETF | 0.41% |
Correlation
The correlation between PQUS and USMV is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 26, 2026 | 0.41 |
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Return for Risk
PQUS vs. USMV — Risk / Return Rank
PQUS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
USMV
PQUS vs. USMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pictet AI Enhanced US Equity ETF (PQUS) 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.
| PQUS | USMV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.08 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.60 | — |
| Martin ratioReturn relative to average drawdown | — | 1.93 | — |
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Drawdowns
PQUS vs. USMV - Drawdown Comparison
The maximum PQUS drawdown since its inception was -7.19%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for PQUS and USMV.
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Drawdown Indicators
| PQUS | USMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.19% | -33.10% | +25.91% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.46% | — |
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 DrawdownCurrent decline from peak | -2.30% | -2.28% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -1.43% | -2.86% | +1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.00% | — |
Volatility
PQUS vs. USMV - Volatility Comparison
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Volatility by Period
| PQUS | USMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.64% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.33% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.42% | 8.49% | +5.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 12.36% | +2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.42% | 14.50% | -0.08% |
PQUS vs. USMV - Expense Ratio Comparison
PQUS has a 0.30% expense ratio, which is higher than USMV's 0.15% expense ratio.
Dividends
PQUS vs. USMV - Dividend Comparison
PQUS has not paid dividends to shareholders, while USMV's dividend yield for the trailing twelve months is around 1.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PQUS Pictet AI Enhanced US Equity 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 MSCI USA Min Vol Factor ETF | 1.50% | 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
PQUS and USMV have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USMV is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USMV is cheaper with a 0.15% expense ratio, compared with 0.30% for PQUS.
USMV has the higher dividend yield at 1.50%, compared with 0.00% for PQUS.
PQUS is categorized as Large Cap Blend Equities, while USMV is Low Volatility. They also come from different issuers: Pictet and iShares. Their fees differ too: 0.30% for PQUS and 0.15% for USMV.
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