PRAY vs. USMV

Last updated Jul 14, 2026

PRAY (FIS Biblically Responsible Risk Managed ETF) and USMV (iShares MSCI USA Min Vol Factor ETF) are both Large Cap Blend Equities funds - PRAY tracks the NONE while USMV tracks the MSCI USA Minimum Volatility Index. Both are passively managed. Over the past 3 years, PRAY returned 13.27%/yr vs 11.43%/yr for USMV. A 0.72 correlation means they provide meaningful diversification when combined. PRAY charges 0.69%/yr vs 0.15%/yr for USMV.

Performance

PRAY vs. USMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FIS Biblically Responsible Risk Managed ETF (PRAY) 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, PRAY achieves a 12.50% return, which is significantly higher than USMV's 4.64% return.

PRAY

• 1D: -0.67%
• 1M: -1.38%
• 6M: 8.10%
• YTD: 12.50%
• 1Y: 15.67%
• 3Y*: 13.27%
• 5Y*: —
• 10Y*: —

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)

PRAY vs. USMV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PRAY FIS Biblically Responsible Risk Managed ETF	12.50%	9.08%	13.02%	20.02%	-12.71%
USMV iShares MSCI USA Min Vol Factor ETF	4.64%	7.65%	15.74%	10.33%	-3.19%

Correlation

The correlation between PRAY and USMV is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (All Time) Calculated using the full available price history since Feb 8, 2022	0.72

Over the past year, the correlation between PRAY and USMV has dropped to 0.50 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.

PRAY vs. USMV - Sectors Allocation Comparison

Sectors	PRAY	USMV
Technology	29.0%	33.9%
Industrials	14.8%	6.1%
Consumer Cyclical	13.1%	5.7%
Financial Services	12.4%	11.7%
Communication Services	8.3%	6.2%
Healthcare	7.0%	12.6%
Utilities	3.7%	6.9%
Consumer Defensive	3.7%	9.4%
Energy	3.5%	2.7%
Basic Materials	3.2%	2.4%
Real Estate	1.5%	2.5%

Return for Risk

PRAY vs. USMV — Risk / Return Rank

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

PRAY

PRAY Risk / Return Rank: 43
PRAY Sharpe Ratio Rank: 40
PRAY Sortino Ratio Rank: 41
PRAY Omega Ratio Rank: 38
PRAY Calmar Ratio Rank: 44
PRAY Martin Ratio Rank: 53

USMV

USMV Risk / Return Rank: 28
USMV Sharpe Ratio Rank: 29
USMV Sortino Ratio Rank: 26
USMV Omega Ratio Rank: 25
USMV Calmar Ratio Rank: 28
USMV Martin Ratio Rank: 31

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.

PRAY vs. USMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FIS Biblically Responsible Risk Managed ETF (PRAY) 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.

	PRAY	USMV	Difference
Sharpe ratio: Return per unit of total volatility	1.13	0.84	+0.29
Sortino ratio: Return per unit of downside risk	1.72	1.23	+0.49
Omega ratio: Gain probability vs. loss probability	1.20	1.15	+0.06
Calmar ratio: Return relative to maximum drawdown	1.79	1.10	+0.68
Martin ratio: Return relative to average drawdown	7.30	3.61	+3.69

PRAY vs. USMV - Sharpe Ratio Comparison

The current PRAY Sharpe Ratio is 1.13, which is higher than the USMV Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of PRAY 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

PRAY vs. USMV - Drawdown Comparison

The maximum PRAY drawdown since its inception was -21.40%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for PRAY and USMV.

Drawdown Indicators

	PRAY	USMV	Difference
Max Drawdown Largest peak-to-trough decline	-21.40%	-33.10%	+11.70%
Max Drawdown (1Y) Largest decline over 1 year	-8.80%	-6.46%	-2.34%
Max Drawdown (3Y) Largest decline over 3 years	-17.13%	-9.36%	-7.77%
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	-2.78%	-0.54%	-2.24%
Average Drawdown Average peak-to-trough decline	-5.35%	-2.87%	-2.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	1.97%	+0.18%

Volatility

PRAY vs. USMV - Volatility Comparison

FIS Biblically Responsible Risk Managed ETF (PRAY) has a higher volatility of 5.54% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 2.54%. This indicates that PRAY'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

	PRAY	USMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.54%	2.54%	+3.00%
Volatility (6M) Calculated over the trailing 6-month period	11.92%	6.22%	+5.70%
Volatility (1Y) Calculated over the trailing 1-year period	13.89%	8.48%	+5.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.09%	12.36%	+3.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.09%	14.49%	+1.60%

PRAY vs. USMV - Expense Ratio Comparison

PRAY has a 0.69% expense ratio, which is higher than USMV's 0.15% expense ratio.

Dividends

PRAY vs. USMV - Dividend Comparison

PRAY's dividend yield for the trailing twelve months is around 0.61%, less than USMV's 1.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRAY FIS Biblically Responsible Risk Managed ETF	0.61%	0.69%	0.76%	0.83%	1.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both PRAY and USMV in my portfolio?

PRAY and USMV have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRAY or USMV?

PRAY has higher volatility (5.54%) compared to USMV (2.54%). In terms of maximum drawdown, PRAY dropped -21.40% vs USMV's -33.10%.

Which ETF is better, PRAY or USMV?

On 3-year performance, PRAY leads with 13.27% vs 11.43% 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.

Which ETF has performed better, PRAY or USMV?

Over the 3-year period, PRAY has performed better with a 13.27% return vs 11.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PRAY or USMV?

USMV is cheaper with a 0.15% expense ratio, compared with 0.69% for PRAY.

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

USMV has the higher dividend yield at 1.48%, compared with 0.61% for PRAY.

What is the main difference between PRAY and USMV?

PRAY tracks NONE, while USMV tracks MSCI USA Minimum Volatility Index. They also come from different issuers: Faith Investor Services and iShares. Their fees differ too: 0.69% for PRAY and 0.15% for USMV.

Which has better risk-adjusted returns?

PRAY currently has the higher Sharpe Ratio (1.13 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.