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SZNE vs. USMV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SZNE vs. USMV

Last updated Jul 12, 2026
Documentation

SZNE (Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF) and USMV (iShares MSCI USA Min Vol Factor ETF) are both Large Cap Blend Equities funds - SZNE tracks the Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index while USMV tracks the MSCI USA Minimum Volatility Index. Both are passively managed. A 0.77 correlation means they provide meaningful diversification when combined. SZNE charges 0.60%/yr vs 0.15%/yr for USMV.

Performance

SZNE vs. USMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF (SZNE) 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

SZNE

1D
—
1M
—
6M
—
YTD
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

USMV

1D
0.16%
1M
2.10%
6M
4.05%
YTD
4.58%
1Y
7.03%
3Y*
11.50%
5Y*
7.18%
10Y*
9.61%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SZNE vs. USMV - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
SZNE
Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF		9.68%-3.44%2.05%6.53%-12.33%26.36%4.03%35.75%-7.01%
USMV
iShares MSCI USA Min Vol Factor ETF		4.58%7.65%15.74%10.33%-9.43%20.85%5.64%27.69%-2.83%

Correlation

The correlation between SZNE and USMV is 0.60, 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

0.60

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

0.71

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

0.78

Correlation (All Time)
Calculated using the full available price history since Jul 24, 2018

0.77

The correlation between SZNE and USMV shifts across timeframes, from 0.60 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.

SZNE vs. USMV - Sectors Allocation Comparison

Sectors
SZNE
USMV

Financial Services

38.7%
11.7%

Industrials

13.0%
6.1%

Energy

9.3%
2.7%

Technology

5.6%
33.9%

Healthcare

5.1%
12.6%

Utilities

5.0%
6.9%

Consumer Cyclical

3.7%
5.7%

Communication Services

2.9%
6.2%

Real Estate

2.2%
2.5%

Basic Materials

1.6%
2.4%

Consumer Defensive

1.3%
9.4%

Financial Services

SZNE
38.7%
USMV
11.7%

Industrials

SZNE
13.0%
USMV
6.1%

Energy

SZNE
9.3%
USMV
2.7%

Technology

SZNE
5.6%
USMV
33.9%

Healthcare

SZNE
5.1%
USMV
12.6%

Utilities

SZNE
5.0%
USMV
6.9%

Consumer Cyclical

SZNE
3.7%
USMV
5.7%

Communication Services

SZNE
2.9%
USMV
6.2%

Real Estate

SZNE
2.2%
USMV
2.5%

Basic Materials

SZNE
1.6%
USMV
2.4%

Consumer Defensive

SZNE
1.3%
USMV
9.4%

Compare stocks, funds, or ETFs

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

Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF

iShares MSCI USA Min Vol Factor ETF

Often compared with SZNE:
SZNE vs. RSPSZNE vs. QQQASZNE vs. VOOSZNE vs. SPYSZNE vs. BDGSSZNE vs. EQLSZNE vs. FMTM
Often compared with USMV:
USMV vs. SPLVUSMV vs. SPYUSMV vs. VOOUSMV vs. QUALUSMV vs. VFMVUSMV vs. ACWVUSMV vs. VTI

Return for Risk

SZNE vs. USMV — Risk / Return Rank

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

USMV
USMV Risk / Return Rank: 2424
Overall Rank
USMV Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
USMV Sortino Ratio Rank: 2323
Sortino Ratio Rank
USMV Omega Ratio Rank: 2222
Omega Ratio Rank
USMV Calmar Ratio Rank: 2424
Calmar Ratio Rank
USMV Martin Ratio Rank: 2828
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.

SZNE vs. USMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF (SZNE) 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.

SZNEUSMVDifference
Sharpe ratioReturn per unit of total volatility

—

0.73

—

Sortino ratioReturn per unit of downside risk

—

1.08

—

Omega ratioGain probability vs. loss probability

—

1.13

—

Calmar ratioReturn relative to maximum drawdown

—

0.97

—

Martin ratioReturn relative to average drawdown

—

3.16

—

SZNE vs. USMV - Sharpe Ratio Comparison

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Drawdowns

SZNE vs. USMV - Drawdown Comparison

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Drawdown Indicators

SZNEUSMVDifference

Max Drawdown

Largest peak-to-trough decline

—

-33.10%

—

Max Drawdown (1Y)

Largest decline over 1 year

—

-6.46%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-9.36%

—

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

—

-0.60%

—

Average Drawdown

Average peak-to-trough decline

—

-2.87%

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

1.97%

—

Volatility

SZNE vs. USMV - Volatility Comparison

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Volatility by Period

SZNEUSMVDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

2.59%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

6.23%

—

Volatility (1Y)

Calculated over the trailing 1-year period

—

8.51%

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

—

12.35%

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

—

14.49%

—

SZNE vs. USMV - Expense Ratio Comparison

SZNE has a 0.60% expense ratio, which is higher than USMV's 0.15% expense ratio.

Dividends

SZNE vs. USMV - Dividend Comparison

SZNE's dividend yield for the trailing twelve months is around 1.23%, less than USMV's 1.48% yield.

PositionTTM20252024202320222021202020192018201720162015
SZNE
Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF		1.23%1.47%1.20%1.21%1.11%0.79%1.37%0.90%0.68%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

SZNE and USMV have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, USMV is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

USMV is cheaper with a 0.15% expense ratio, compared with 0.60% for SZNE.

USMV has the higher dividend yield at 1.48%, compared with 1.23% for SZNE.

SZNE tracks Pacer CFRA-Stovall Equal Weight Seasonal Rotation Index, while USMV tracks MSCI USA Minimum Volatility Index. They also come from different issuers: Pacer and iShares. Their fees differ too: 0.60% for SZNE and 0.15% for USMV.

Portfolio Optimizer

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