TOV vs. USMV

Last updated Jul 15, 2026

TOV (JLens 500 Jewish Advocacy U.S. ETF) and USMV (iShares MSCI USA Min Vol Factor ETF) are both Large Cap Blend Equities funds - TOV tracks the JLens 500 Jewish Advocacy U.S. Index while USMV tracks the MSCI USA Minimum Volatility Index. Both are passively managed. Over the past year, TOV returned 21.75% vs 5.50% for USMV. A 0.56 correlation means they provide meaningful diversification when combined. TOV charges 0.18%/yr vs 0.15%/yr for USMV.

Performance

TOV vs. USMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JLens 500 Jewish Advocacy U.S. ETF (TOV) 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, TOV achieves a 11.07% return, which is significantly higher than USMV's 3.64% return.

TOV

• 1D: 0.41%
• 1M: 1.70%
• 6M: 9.16%
• YTD: 11.07%
• 1Y: 21.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USMV

• 1D: -0.96%
• 1M: 1.18%
• 6M: 3.50%
• YTD: 3.64%
• 1Y: 5.50%
• 3Y*: 11.07%
• 5Y*: 6.93%
• 10Y*: 9.48%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TOV vs. USMV - Yearly Performance Comparison

	2026 (YTD)	2025
TOV JLens 500 Jewish Advocacy U.S. ETF	11.07%	14.91%
USMV iShares MSCI USA Min Vol Factor ETF	3.64%	2.36%

Correlation

The correlation between TOV and USMV is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Feb 27, 2025	0.56

The correlation between TOV and USMV shifts across timeframes, from 0.46 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.

TOV vs. USMV - Sectors Allocation Comparison

Sectors	TOV	USMV
Technology	39.4%	33.9%
Financial Services	11.1%	11.7%
Communication Services	10.9%	6.2%
Consumer Cyclical	9.6%	5.7%
Healthcare	8.4%	12.6%
Industrials	8.0%	6.1%
Consumer Defensive	4.4%	9.4%
Energy	3.2%	2.7%
Utilities	2.0%	6.9%
Real Estate	1.6%	2.5%
Basic Materials	1.5%	2.4%

Return for Risk

TOV vs. USMV — Risk / Return Rank

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

TOV

TOV Risk / Return Rank: 65
TOV Sharpe Ratio Rank: 65
TOV Sortino Ratio Rank: 63
TOV Omega Ratio Rank: 63
TOV Calmar Ratio Rank: 62
TOV Martin Ratio Rank: 71

USMV

USMV Risk / Return Rank: 22
USMV Sharpe Ratio Rank: 23
USMV Sortino Ratio Rank: 21
USMV Omega Ratio Rank: 20
USMV Calmar Ratio Rank: 23
USMV Martin Ratio Rank: 26

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.

TOV vs. USMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JLens 500 Jewish Advocacy U.S. ETF (TOV) 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.

	TOV	USMV	Difference
Sharpe ratio: Return per unit of total volatility	1.70	0.65	+1.05
Sortino ratio: Return per unit of downside risk	2.36	0.96	+1.40
Omega ratio: Gain probability vs. loss probability	1.30	1.11	+0.19
Calmar ratio: Return relative to maximum drawdown	2.46	0.86	+1.60
Martin ratio: Return relative to average drawdown	10.32	2.80	+7.52

TOV vs. USMV - Sharpe Ratio Comparison

The current TOV Sharpe Ratio is 1.70, which is higher than the USMV Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of TOV 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

TOV vs. USMV - Drawdown Comparison

The maximum TOV drawdown since its inception was -16.97%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for TOV and USMV.

Drawdown Indicators

	TOV	USMV	Difference
Max Drawdown Largest peak-to-trough decline	-16.97%	-33.10%	+16.13%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	-6.46%	-2.43%
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	-0.82%	-1.49%	+0.67%
Average Drawdown Average peak-to-trough decline	-2.18%	-2.87%	+0.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.11%	1.97%	+0.14%

Volatility

TOV vs. USMV - Volatility Comparison

JLens 500 Jewish Advocacy U.S. ETF (TOV) has a higher volatility of 3.84% compared to iShares MSCI USA Min Vol Factor ETF (USMV) at 2.75%. This indicates that TOV'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

	TOV	USMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.84%	2.75%	+1.09%
Volatility (6M) Calculated over the trailing 6-month period	10.28%	6.30%	+3.98%
Volatility (1Y) Calculated over the trailing 1-year period	12.84%	8.52%	+4.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.77%	12.37%	+5.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.77%	14.50%	+3.27%

TOV vs. USMV - Expense Ratio Comparison

TOV has a 0.18% expense ratio, which is higher than USMV's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

TOV vs. USMV - Dividend Comparison

TOV's dividend yield for the trailing twelve months is around 0.85%, less than USMV's 1.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TOV JLens 500 Jewish Advocacy U.S. ETF	0.85%	0.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USMV iShares MSCI USA Min Vol Factor ETF	1.49%	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 TOV and USMV in my portfolio?

TOV and USMV have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TOV or USMV?

TOV has higher volatility (3.84%) compared to USMV (2.75%). In terms of maximum drawdown, TOV dropped -16.97% vs USMV's -33.10%.

Which ETF is better, TOV or USMV?

On 1-year performance, TOV leads with 21.75% vs 5.50% for USMV. On fees, USMV is cheaper at 0.15% per year. On volatility, USMV has been the lower-risk option at 2.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TOV or USMV?

Over the 1-year period, TOV has performed better with a 21.75% return vs 5.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TOV or USMV?

USMV is cheaper with a 0.15% expense ratio, compared with 0.18% for TOV.

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

USMV has the higher dividend yield at 1.49%, compared with 0.85% for TOV.

What is the main difference between TOV and USMV?

TOV tracks JLens 500 Jewish Advocacy U.S. Index, while USMV tracks MSCI USA Minimum Volatility Index. They also come from different issuers: JLens and iShares. Their fees differ too: 0.18% for TOV and 0.15% for USMV.

Which has better risk-adjusted returns?

TOV currently has the higher Sharpe Ratio (1.70 vs 0.65), 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.