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SIZE vs. BMVP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SIZE vs. BMVP

Last updated Jun 4, 2026

SIZE (iShares MSCI USA Size Factor ETF) and BMVP (Invesco Bloomberg MVP Multi-factor ETF) are both Mid Cap Blend Equities funds - SIZE tracks the MSCI USA Low Size Index while BMVP tracks the Bloomberg MVP Index. Both are passively managed. Over the past 10 years, SIZE returned 11.76%/yr vs 9.52%/yr for BMVP. Their correlation of 0.81 suggests significant overlap in exposure. SIZE charges 0.15%/yr vs 0.29%/yr for BMVP.

Performance

SIZE vs. BMVP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Size Factor ETF (SIZE) and Invesco Bloomberg MVP Multi-factor ETF (BMVP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SIZE achieves a 9.07% return, which is significantly higher than BMVP's 5.85% return. Over the past 10 years, SIZE has outperformed BMVP with an annualized return of 11.76%, while BMVP has yielded a comparatively lower 9.52% annualized return.

SIZE

1D
-0.68%
1M
3.62%
YTD
9.07%
6M
8.29%
1Y
18.11%
3Y*
15.94%
5Y*
8.07%
10Y*
11.76%

BMVP

1D
-0.13%
1M
0.31%
YTD
5.85%
6M
6.04%
1Y
8.50%
3Y*
13.71%
5Y*
6.10%
10Y*
9.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SIZE vs. BMVP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SIZE
iShares MSCI USA Size Factor ETF		9.07%10.51%14.37%17.78%-15.86%25.05%16.26%28.97%-6.59%18.76%
BMVP
Invesco Bloomberg MVP Multi-factor ETF		5.85%6.15%17.46%19.03%-16.01%19.38%8.52%13.47%-6.40%20.16%

Correlation

The correlation between SIZE and BMVP is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.77

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

0.85

Correlation (5Y)
Calculated over the trailing 5-year period

0.89

Correlation (10Y)
Calculated over the trailing 10-year period

0.86

Correlation (All Time)
Calculated using the full available price history since Apr 19, 2013

0.81

The correlation between SIZE and BMVP shifts across timeframes, from 0.77 (1 year) to 0.89 (5 years), reflecting how their relationship changes across market environments.

SIZE vs. BMVP - Sectors Allocation Comparison

Sectors
SIZE
BMVP

Technology

19.9%
16.4%

Industrials

16.1%
16.8%

Financial Services

13.5%
16.4%

Consumer Cyclical

9.8%
10.6%

Healthcare

9.6%
9.7%

Real Estate

5.7%
5.5%

Consumer Defensive

5.7%
5.1%

Utilities

5.5%
5.1%

Energy

5.2%
5.2%

Basic Materials

4.8%
1.6%

Communication Services

4.1%
7.6%

Technology

SIZE
19.9%
BMVP
16.4%

Industrials

SIZE
16.1%
BMVP
16.8%

Financial Services

SIZE
13.5%
BMVP
16.4%

Consumer Cyclical

SIZE
9.8%
BMVP
10.6%

Healthcare

SIZE
9.6%
BMVP
9.7%

Real Estate

SIZE
5.7%
BMVP
5.5%

Consumer Defensive

SIZE
5.7%
BMVP
5.1%

Utilities

SIZE
5.5%
BMVP
5.1%

Energy

SIZE
5.2%
BMVP
5.2%

Basic Materials

SIZE
4.8%
BMVP
1.6%

Communication Services

SIZE
4.1%
BMVP
7.6%

Compare stocks, funds, or ETFs

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

iShares MSCI USA Size Factor ETF

Invesco Bloomberg MVP Multi-factor ETF

Often compared with SIZE:
SIZE vs. XLGSIZE vs. SPYSIZE vs. QUALSIZE vs. QDVA.DESIZE vs. VIGSIZE vs. VOOSIZE vs. DIVB
Often compared with BMVP:
BMVP vs. VTIBMVP vs. VOOBMVP vs. SPMOBMVP vs. FMDEBMVP vs. MVCAXBMVP vs. FZROXBMVP vs. SCHG

Return for Risk

SIZE vs. BMVP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SIZE
SIZE Risk / Return Rank: 4444
Overall Rank
SIZE Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
SIZE Sortino Ratio Rank: 4242
Sortino Ratio Rank
SIZE Omega Ratio Rank: 3838
Omega Ratio Rank
SIZE Calmar Ratio Rank: 4646
Calmar Ratio Rank
SIZE Martin Ratio Rank: 5252
Martin Ratio Rank
BMVP
BMVP Risk / Return Rank: 2525
Overall Rank
BMVP Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
BMVP Sortino Ratio Rank: 2525
Sortino Ratio Rank
BMVP Omega Ratio Rank: 2222
Omega Ratio Rank
BMVP Calmar Ratio Rank: 2828
Calmar Ratio Rank
BMVP Martin Ratio Rank: 2929
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.

SIZE vs. BMVP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Size Factor ETF (SIZE) and Invesco Bloomberg MVP Multi-factor ETF (BMVP). 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.

SIZEBMVPDifference
Sharpe ratioReturn per unit of total volatility
1.43
0.88

+0.56

Sortino ratioReturn per unit of downside risk
2.12
1.33

+0.80

Omega ratioGain probability vs. loss probability

1.25

1.15

+0.10

Calmar ratioReturn relative to maximum drawdown

2.28

1.32

+0.96

Martin ratioReturn relative to average drawdown

8.88

4.06

+4.81

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SIZE vs. BMVP - Sharpe Ratio Comparison

The current SIZE Sharpe Ratio is 1.43, which is higher than the BMVP Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of SIZE and BMVP, 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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Sharpe Ratios by Period

SIZEBMVPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.43

0.88

+0.56

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.47

0.38

+0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.63

0.51

+0.12

Sharpe Ratio (All Time)

Calculated using the full available price history

0.68

0.11

+0.57

Drawdowns

SIZE vs. BMVP - Drawdown Comparison

The maximum SIZE drawdown since its inception was -39.15%, smaller than the maximum BMVP drawdown of -78.13%. Use the drawdown chart below to compare losses from any high point for SIZE and BMVP.

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Drawdown Indicators

SIZEBMVPDifference

Max Drawdown

Largest peak-to-trough decline

-39.15%

-78.13%

+38.98%

Max Drawdown (1Y)

Largest decline over 1 year

-7.97%

-6.45%

-1.52%

Max Drawdown (3Y)

Largest decline over 3 years

-18.71%

-15.12%

-3.59%

Max Drawdown (5Y)

Largest decline over 5 years

-24.03%

-26.58%

+2.55%

Max Drawdown (10Y)

Largest decline over 10 years

-39.15%

-39.45%

+0.30%

Current Drawdown

Current decline from peak

-0.68%

-2.37%

+1.69%

Average Drawdown

Average peak-to-trough decline

-4.18%

-36.21%

+32.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.04%

2.10%

-0.06%

Volatility

SIZE vs. BMVP - Volatility Comparison

iShares MSCI USA Size Factor ETF (SIZE) has a higher volatility of 3.17% compared to Invesco Bloomberg MVP Multi-factor ETF (BMVP) at 2.14%. This indicates that SIZE's price experiences larger fluctuations and is considered to be riskier than BMVP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SIZEBMVPDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.17%

2.14%

+1.03%

Volatility (6M)

Calculated over the trailing 6-month period

9.54%

7.19%

+2.35%

Volatility (1Y)

Calculated over the trailing 1-year period

12.73%

9.75%

+2.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.39%

16.07%

+1.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.69%

18.81%

-0.12%

SIZE vs. BMVP - Expense Ratio Comparison

SIZE has a 0.15% expense ratio, which is lower than BMVP's 0.29% expense ratio.

Dividends

SIZE vs. BMVP - Dividend Comparison

SIZE's dividend yield for the trailing twelve months is around 1.42%, less than BMVP's 1.68% yield.

PositionTTM20252024202320222021202020192018201720162015
BMVP
Invesco Bloomberg MVP Multi-factor ETF		1.68%1.77%1.58%1.67%1.51%0.56%1.09%0.95%1.44%1.75%1.35%1.02%
SIZE
iShares MSCI USA Size Factor ETF		1.42%1.50%1.53%1.42%1.59%1.19%1.43%1.35%2.43%1.58%1.88%1.95%

Frequently Asked Questions

SIZE and BMVP have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SIZE has higher volatility (3.17%) compared to BMVP (2.14%). In terms of maximum drawdown, SIZE dropped -39.15% vs BMVP's -78.13%.

On 10-year performance, SIZE leads with 11.76% vs 9.52% for BMVP. On fees, SIZE is cheaper at 0.15% per year. On volatility, BMVP has been the lower-risk option at 2.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SIZE has performed better with a 11.76% return vs 9.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SIZE is cheaper with a 0.15% expense ratio, compared with 0.29% for BMVP.

BMVP has the higher dividend yield at 1.68%, compared with 1.42% for SIZE.

SIZE tracks MSCI USA Low Size Index, while BMVP tracks Bloomberg MVP Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.15% for SIZE and 0.29% for BMVP.

SIZE currently has the higher Sharpe Ratio (1.43 vs 0.88), 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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