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SEIQ vs. USMV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SEIQ vs. USMV

Last updated Aug 2, 2026
Documentation

SEIQ (SEI Enhanced US Large Cap Quality Factor ETF) and USMV (iShares MSCI USA Min Vol Factor ETF) are both exchange-traded funds - SEIQ is a Quality Factor fund actively managed by SEI, while USMV is a Low Volatility fund tracking the MSCI USA Minimum Volatility Index. SEIQ is actively managed, while USMV is passively managed. Over the past 3 years, SEIQ returned 13.11%/yr vs 11.04%/yr for USMV. Their correlation of 0.81 means they have usually moved in the same direction. Both charge a 0.15% expense ratio.

Performance

SEIQ vs. USMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Enhanced US Large Cap Quality Factor ETF (SEIQ) 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, SEIQ achieves a 6.22% return, which is significantly higher than USMV's 4.76% return.

SEIQ

1D
0.32%
1M
2.35%
6M
6.00%
YTD
6.22%
1Y
13.02%
3Y*
13.11%
5Y*
—
10Y*
—
ALL TIME*
13.90%

USMV

1D
0.09%
1M
0.04%
6M
3.84%
YTD
4.76%
1Y
7.68%
3Y*
11.04%
5Y*
6.87%
10Y*
9.63%
ALL TIME*
11.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

SEIQ

SEI Enhanced US Large Cap Quality Factor ETF
$2.13M$3.08M$2.14M

USMV

iShares MSCI USA Min Vol Factor ETF
$217.70M$221.64M$218.77M

SEIQ vs. USMV - Yearly Performance Comparison

2026 (YTD)2025202420232022
SEIQ
SEI Enhanced US Large Cap Quality Factor ETF		6.22%12.51%16.15%22.66%1.51%
USMV
iShares MSCI USA Min Vol Factor ETF		4.76%7.65%15.74%10.33%0.21%

Correlation

The correlation between SEIQ and USMV is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.72

Correlation (3Y)
Balances recent behavior with more history.

0.76

Correlation (All Time)
Calculated using the full available price history since May 18, 2022

0.81

The correlation between SEIQ and USMV has been stable across timeframes, ranging from 0.72 to 0.81 - a consistent structural relationship.

SEIQ vs. USMV - Sectors Allocation Comparison

Sectors
SEIQ
USMV

Technology

34.1%
33.0%

Healthcare

19.4%
13.4%

Consumer Defensive

13.1%
9.3%

Financial Services

10.3%
11.8%

Consumer Cyclical

10.0%
5.8%

Industrials

6.7%
6.4%

Communication Services

5.3%
5.7%

Basic Materials

0.9%
2.2%

Energy

-

2.6%

Real Estate

-

2.6%

Utilities

-

7.2%

Technology

SEIQ
34.1%
USMV
33.0%

Healthcare

SEIQ
19.4%
USMV
13.4%

Consumer Defensive

SEIQ
13.1%
USMV
9.3%

Financial Services

SEIQ
10.3%
USMV
11.8%

Consumer Cyclical

SEIQ
10.0%
USMV
5.8%

Industrials

SEIQ
6.7%
USMV
6.4%

Communication Services

SEIQ
5.3%
USMV
5.7%

Basic Materials

SEIQ
0.9%
USMV
2.2%

Energy

SEIQ

-

USMV
2.6%

Real Estate

SEIQ

-

USMV
2.6%

Utilities

SEIQ

-

USMV
7.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SEI Enhanced US Large Cap Quality Factor ETF

iShares MSCI USA Min Vol Factor ETF

Often compared with SEIQ:
SEIQ vs. LGLVSEIQ vs. GARPSEIQ vs. BDGSSEIQ vs. RWLSEIQ vs. AVUVSEIQ vs. SPMOSEIQ vs. NC
Often compared with USMV:
USMV vs. SPLVUSMV vs. SPYUSMV vs. VOOUSMV vs. QUALUSMV vs. VFMVUSMV vs. ACWVUSMV vs. VTI

Return for Risk

SEIQ vs. USMV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
SEIQ
SEIQ Risk / Return Rank: 3838
Overall Rank
SEIQ Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
SEIQ Sortino Ratio Rank: 3939
Sortino Ratio Rank
SEIQ Omega Ratio Rank: 3737
Omega Ratio Rank
SEIQ Calmar Ratio Rank: 3535
Calmar Ratio Rank
SEIQ Martin Ratio Rank: 4242
Martin Ratio Rank
USMV
USMV Risk / Return Rank: 3434
Overall Rank
USMV Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
USMV Sortino Ratio Rank: 3434
Sortino Ratio Rank
USMV Omega Ratio Rank: 3232
Omega Ratio Rank
USMV Calmar Ratio Rank: 3434
Calmar Ratio Rank
USMV Martin Ratio Rank: 3737
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SEIQ vs. USMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Enhanced US Large Cap Quality Factor ETF (SEIQ) 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.

SEIQUSMVDifference
Sharpe ratioReturn per unit of total volatility
1.00
0.87

+0.13

Sortino ratioReturn per unit of downside risk
1.45
1.29

+0.16

Omega ratioGain probability vs. loss probability

1.18

1.15

+0.02

Calmar ratioReturn relative to maximum drawdown

1.19

1.15

+0.05

Martin ratioReturn relative to average drawdown

4.51

3.74

+0.78

SEIQ vs. USMV - Sharpe Ratio Comparison

The current SEIQ Sharpe Ratio is 1.00, which is comparable to the USMV Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of SEIQ 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

SEIQ vs. USMV - Drawdown Comparison

The maximum SEIQ drawdown since its inception was -14.87%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for SEIQ and USMV.

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Drawdown Indicators

SEIQUSMVDifference

Max Drawdown

Largest peak-to-trough decline

-14.87%

-33.10%

+18.23%

Max Drawdown (1Y)

Largest decline over 1 year

-9.66%

-6.46%

-3.20%

Max Drawdown (3Y)

Largest decline over 3 years

-14.27%

-9.36%

-4.91%

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

-0.39%

-0.64%

+0.25%

Average Drawdown

Average peak-to-trough decline

-2.68%

-2.86%

+0.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.55%

1.98%

+0.57%

Volatility

SEIQ vs. USMV - Volatility Comparison

SEI Enhanced US Large Cap Quality Factor ETF (SEIQ) has a higher volatility of 4.09% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 2.80%. This indicates that SEIQ'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

SEIQUSMVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.09%

2.80%

+1.29%

Volatility (6M)

Calculated over the trailing 6-month period

9.29%

6.44%

+2.85%

Volatility (1Y)

Calculated over the trailing 1-year period

11.57%

8.56%

+3.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.58%

12.38%

+2.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.58%

14.50%

+0.08%

SEIQ vs. USMV - Expense Ratio Comparison

Both SEIQ and USMV have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SEIQ vs. USMV - Dividend Comparison

SEIQ's dividend yield for the trailing twelve months is around 0.90%, less than USMV's 1.47% yield.

PositionTTM20252024202320222021202020192018201720162015
SEIQ
SEI Enhanced US Large Cap Quality Factor ETF		0.90%0.94%0.97%1.08%0.83%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
USMV
iShares MSCI USA Min Vol Factor ETF		1.47%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

SEIQ and USMV have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SEIQ has higher volatility (4.09%) compared to USMV (2.80%). In terms of maximum drawdown, SEIQ dropped -14.87% vs USMV's -33.10%.

On 3-year performance, SEIQ leads with 13.11% vs 11.04% for USMV. Both ETFs have the same 0.15% expense ratio. On volatility, USMV has been the lower-risk option at 2.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 3-year period, SEIQ has performed better with a 13.11% return vs 11.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SEIQ and USMV have the same expense ratio: 0.15% per year.

USMV has the higher dividend yield at 1.47%, compared with 0.90% for SEIQ.

SEIQ is categorized as Quality Factor, while USMV is Low Volatility. They also come from different issuers: SEI and iShares.

SEIQ currently has the higher Sharpe Ratio (1.00 vs 0.87), 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.

Portfolio Optimizer

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