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RWLC vs. USMV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RWLC vs. USMV

Last updated Jul 14, 2026
Documentation

RWLC (Rayliant Wilshire NxtGen US Large Cap Equity ETF) and USMV (iShares MSCI USA Min Vol Factor ETF) are both Large Cap Blend Equities funds - RWLC tracks the S&P 500 while USMV tracks the MSCI USA Minimum Volatility Index. Both are passively managed. Over the past 3 years, RWLC returned 22.57%/yr vs 11.43%/yr for USMV. A 0.66 correlation means they provide meaningful diversification when combined. RWLC charges 0.32%/yr vs 0.15%/yr for USMV.

Performance

RWLC vs. USMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rayliant Wilshire NxtGen US Large Cap Equity ETF (RWLC) 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, RWLC achieves a 13.37% return, which is significantly higher than USMV's 4.64% return.

RWLC

1D
-0.21%
1M
2.97%
6M
12.19%
YTD
13.37%
1Y
20.28%
3Y*
22.57%
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)

RWLC vs. USMV - Yearly Performance Comparison

2026 (YTD)20252024202320222021
RWLC
Rayliant Wilshire NxtGen US Large Cap Equity ETF		13.37%20.23%28.58%14.40%-12.40%1.69%
USMV
iShares MSCI USA Min Vol Factor ETF		4.64%7.65%15.74%10.33%-9.43%1.94%

Correlation

The correlation between RWLC and USMV is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.27

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

0.53

Correlation (All Time)
Calculated using the full available price history since Dec 16, 2021

0.66

Over the past year, the correlation between RWLC and USMV has dropped to 0.27 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.

RWLC vs. USMV - Sectors Allocation Comparison

Sectors
RWLC
USMV

Technology

40.5%
33.9%

Financial Services

12.2%
11.7%

Healthcare

11.5%
12.6%

Communication Services

10.3%
6.2%

Consumer Cyclical

8.7%
5.7%

Consumer Defensive

5.1%
9.4%

Energy

4.7%
2.7%

Industrials

3.2%
6.1%

Utilities

1.6%
6.9%

Basic Materials

1.0%
2.4%

Real Estate

0.8%
2.5%

Technology

RWLC
40.5%
USMV
33.9%

Financial Services

RWLC
12.2%
USMV
11.7%

Healthcare

RWLC
11.5%
USMV
12.6%

Communication Services

RWLC
10.3%
USMV
6.2%

Consumer Cyclical

RWLC
8.7%
USMV
5.7%

Consumer Defensive

RWLC
5.1%
USMV
9.4%

Energy

RWLC
4.7%
USMV
2.7%

Industrials

RWLC
3.2%
USMV
6.1%

Utilities

RWLC
1.6%
USMV
6.9%

Basic Materials

RWLC
1.0%
USMV
2.4%

Real Estate

RWLC
0.8%
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.

Rayliant Wilshire NxtGen US Large Cap Equity ETF

iShares MSCI USA Min Vol Factor ETF

Often compared with RWLC:
RWLC vs. CNAVRWLC vs. CNQQRWLC vs. RWEMRWLC vs. RAYJRWLC vs. RSSYRWLC vs. BDGSRWLC vs. VTI
Often compared with USMV:
USMV vs. SPLVUSMV vs. SPYUSMV vs. VOOUSMV vs. QUALUSMV vs. VFMVUSMV vs. ACWVUSMV vs. VTI

Return for Risk

RWLC vs. USMV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RWLC
RWLC Risk / Return Rank: 5454
Overall Rank
RWLC Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
RWLC Sortino Ratio Rank: 5555
Sortino Ratio Rank
RWLC Omega Ratio Rank: 5151
Omega Ratio Rank
RWLC Calmar Ratio Rank: 5555
Calmar Ratio Rank
RWLC Martin Ratio Rank: 5757
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.

RWLC vs. USMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rayliant Wilshire NxtGen US Large Cap Equity ETF (RWLC) 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.

RWLCUSMVDifference
Sharpe ratioReturn per unit of total volatility
1.39
0.84

+0.55

Sortino ratioReturn per unit of downside risk
2.13
1.23

+0.90

Omega ratioGain probability vs. loss probability

1.26

1.15

+0.11

Calmar ratioReturn relative to maximum drawdown

2.18

1.10

+1.08

Martin ratioReturn relative to average drawdown

7.86

3.61

+4.25

RWLC vs. USMV - Sharpe Ratio Comparison

The current RWLC Sharpe Ratio is 1.39, which is higher than the USMV Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of RWLC 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

RWLC vs. USMV - Drawdown Comparison

The maximum RWLC drawdown since its inception was -21.00%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for RWLC and USMV.

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Drawdown Indicators

RWLCUSMVDifference

Max Drawdown

Largest peak-to-trough decline

-21.00%

-33.10%

+12.10%

Max Drawdown (1Y)

Largest decline over 1 year

-9.33%

-6.46%

-2.87%

Max Drawdown (3Y)

Largest decline over 3 years

-16.20%

-9.36%

-6.84%

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

-0.23%

-0.54%

+0.31%

Average Drawdown

Average peak-to-trough decline

-5.34%

-2.87%

-2.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.59%

1.97%

+0.62%

Volatility

RWLC vs. USMV - Volatility Comparison

Rayliant Wilshire NxtGen US Large Cap Equity ETF (RWLC) has a higher volatility of 4.67% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 2.54%. This indicates that RWLC'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

RWLCUSMVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.67%

2.54%

+2.13%

Volatility (6M)

Calculated over the trailing 6-month period

10.10%

6.22%

+3.88%

Volatility (1Y)

Calculated over the trailing 1-year period

14.63%

8.48%

+6.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.49%

12.36%

+4.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.49%

14.49%

+2.00%

RWLC vs. USMV - Expense Ratio Comparison

RWLC has a 0.32% expense ratio, which is higher than USMV's 0.15% expense ratio.

Dividends

RWLC vs. USMV - Dividend Comparison

RWLC's dividend yield for the trailing twelve months is around 12.95%, more than USMV's 1.48% yield.

PositionTTM20252024202320222021202020192018201720162015
RWLC
Rayliant Wilshire NxtGen US Large Cap Equity ETF		12.95%14.69%0.98%1.63%1.39%0.01%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

RWLC and USMV have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RWLC has higher volatility (4.67%) compared to USMV (2.54%). In terms of maximum drawdown, RWLC dropped -21.00% vs USMV's -33.10%.

On 3-year performance, RWLC leads with 22.57% 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.

Over the 3-year period, RWLC has performed better with a 22.57% return vs 11.43%. 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 0.32% for RWLC.

RWLC has the higher dividend yield at 12.95%, compared with 1.48% for USMV.

RWLC tracks S&P 500, while USMV tracks MSCI USA Minimum Volatility Index. They also come from different issuers: Rayliant and iShares. Their fees differ too: 0.32% for RWLC and 0.15% for USMV.

RWLC currently has the higher Sharpe Ratio (1.39 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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