SNAV vs. USMV

Last updated Jul 14, 2026

SNAV (Mohr Sector Nav ETF) and USMV (iShares MSCI USA Min Vol Factor ETF) are both Large Cap Blend Equities funds. SNAV is actively managed, while USMV is passively managed. Over the past 3 years, SNAV returned 13.47%/yr vs 11.43%/yr for USMV. A 0.71 correlation means they provide meaningful diversification when combined. SNAV charges 1.30%/yr vs 0.15%/yr for USMV.

Performance

SNAV vs. USMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mohr Sector Nav ETF (SNAV) 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, SNAV achieves a 10.21% return, which is significantly higher than USMV's 4.64% return.

SNAV

• 1D: -0.43%
• 1M: 0.44%
• 6M: 8.27%
• YTD: 10.21%
• 1Y: 18.56%
• 3Y*: 13.47%
• 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)

SNAV vs. USMV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SNAV Mohr Sector Nav ETF	10.21%	15.54%	11.11%	12.29%
USMV iShares MSCI USA Min Vol Factor ETF	4.64%	7.65%	15.74%	8.76%

Correlation

The correlation between SNAV and USMV is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jan 11, 2023	0.71

The correlation between SNAV and USMV shifts across timeframes, from 0.55 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

SNAV vs. USMV - Sectors Allocation Comparison

Sectors	SNAV	USMV
Technology	46.0%	33.9%
Financial Services	9.6%	11.7%
Industrials	8.0%	6.1%
Consumer Cyclical	7.9%	5.7%
Healthcare	7.9%	12.6%
Communication Services	6.9%	6.2%
Consumer Defensive	4.1%	9.4%
Energy	2.7%	2.7%
Utilities	2.6%	6.9%
Real Estate	2.6%	2.5%
Basic Materials	1.9%	2.4%

Return for Risk

SNAV vs. USMV — Risk / Return Rank

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

SNAV

SNAV Risk / Return Rank: 64
SNAV Sharpe Ratio Rank: 63
SNAV Sortino Ratio Rank: 59
SNAV Omega Ratio Rank: 62
SNAV Calmar Ratio Rank: 72
SNAV Martin Ratio Rank: 67

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.

SNAV vs. USMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mohr Sector Nav ETF (SNAV) 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.

	SNAV	USMV	Difference
Sharpe ratio: Return per unit of total volatility	1.65	0.84	+0.81
Sortino ratio: Return per unit of downside risk	2.23	1.23	+1.00
Omega ratio: Gain probability vs. loss probability	1.30	1.15	+0.15
Calmar ratio: Return relative to maximum drawdown	2.89	1.10	+1.78
Martin ratio: Return relative to average drawdown	9.51	3.61	+5.90

SNAV vs. USMV - Sharpe Ratio Comparison

The current SNAV Sharpe Ratio is 1.65, which is higher than the USMV Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of SNAV 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

SNAV vs. USMV - Drawdown Comparison

The maximum SNAV drawdown since its inception was -16.61%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for SNAV and USMV.

Drawdown Indicators

	SNAV	USMV	Difference
Max Drawdown Largest peak-to-trough decline	-16.61%	-33.10%	+16.49%
Max Drawdown (1Y) Largest decline over 1 year	-6.45%	-6.46%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	-16.61%	-9.36%	-7.25%
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	-1.88%	-0.54%	-1.34%
Average Drawdown Average peak-to-trough decline	-2.50%	-2.87%	+0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	1.97%	-0.01%

Volatility

SNAV vs. USMV - Volatility Comparison

Mohr Sector Nav ETF (SNAV) has a higher volatility of 3.34% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 2.54%. This indicates that SNAV'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

	SNAV	USMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.34%	2.54%	+0.80%
Volatility (6M) Calculated over the trailing 6-month period	8.26%	6.22%	+2.04%
Volatility (1Y) Calculated over the trailing 1-year period	11.29%	8.48%	+2.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.66%	12.36%	+1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.66%	14.49%	-0.83%

SNAV vs. USMV - Expense Ratio Comparison

SNAV has a 1.30% expense ratio, which is higher than USMV's 0.15% expense ratio.

Dividends

SNAV vs. USMV - Dividend Comparison

SNAV has not paid dividends to shareholders, while USMV's dividend yield for the trailing twelve months is around 1.48%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SNAV Mohr Sector Nav ETF	0.00%	0.00%	0.94%	3.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USMV iShares MSCI USA Min Vol Factor ETF	1.48%	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 SNAV and USMV in my portfolio?

SNAV and USMV have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SNAV or USMV?

SNAV has higher volatility (3.34%) compared to USMV (2.54%). In terms of maximum drawdown, SNAV dropped -16.61% vs USMV's -33.10%.

Which ETF is better, SNAV or USMV?

On 3-year performance, SNAV leads with 13.47% 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, SNAV or USMV?

Over the 3-year period, SNAV has performed better with a 13.47% return vs 11.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SNAV or USMV?

USMV is cheaper with a 0.15% expense ratio, compared with 1.30% for SNAV.

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

USMV has the higher dividend yield at 1.48%, compared with 0.00% for SNAV.

What is the main difference between SNAV and USMV?

They also come from different issuers: Mohr Funds and iShares. Their fees differ too: 1.30% for SNAV and 0.15% for USMV.

Which has better risk-adjusted returns?

SNAV currently has the higher Sharpe Ratio (1.65 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.