USDU vs. USMV
USDU (WisdomTree Bloomberg U.S. Dollar Bullish Fund) and USMV (iShares MSCI USA Min Vol Factor ETF) are both exchange-traded funds - USDU is a Currency fund actively managed by WisdomTree, while USMV is a Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility Index. USDU is actively managed, while USMV is passively managed. Over the past 10 years, USDU returned 2.77%/yr vs 9.75%/yr for USMV. At a correlation of -0.19, they often move in opposite directions. USDU charges 0.51%/yr vs 0.15%/yr for USMV.
Performance
USDU vs. USMV - Performance Comparison
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Returns By Period
In the year-to-date period, USDU achieves a 2.56% return, which is significantly higher than USMV's 1.55% return. Over the past 10 years, USDU has underperformed USMV with an annualized return of 2.77%, while USMV has yielded a comparatively higher 9.75% annualized return.
USDU
- 1D
- -0.08%
- 1M
- 2.52%
- YTD
- 2.56%
- 6M
- 2.09%
- 1Y
- 5.00%
- 3Y*
- 4.92%
- 5Y*
- 5.68%
- 10Y*
- 2.77%
USMV
- 1D
- -0.43%
- 1M
- 1.28%
- YTD
- 1.55%
- 6M
- 2.27%
- 1Y
- 3.18%
- 3Y*
- 11.35%
- 5Y*
- 7.21%
- 10Y*
- 9.75%
USDU vs. USMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 2.56% | -3.14% | 14.56% | 3.10% | 7.67% | 4.07% | -5.43% | 1.54% | 5.40% | -7.44% |
USMV iShares MSCI USA Min Vol Factor ETF | 1.55% | 7.65% | 15.74% | 10.33% | -9.43% | 20.85% | 5.64% | 27.69% | 1.33% | 18.91% |
Correlation
The correlation between USDU and USMV is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.23 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2013 | -0.19 |
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Return for Risk
USDU vs. USMV — Risk / Return Rank
USDU
USMV
USDU vs. USMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) 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.
| USDU | USMV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.07 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 0.49 | +0.88 |
| Martin ratioReturn relative to average drawdown | 3.74 | 1.64 | +2.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USDU | USMV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.37 | +0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.59 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.67 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.86 | -0.42 |
Drawdowns
USDU vs. USMV - Drawdown Comparison
The maximum USDU drawdown since its inception was -14.54%, smaller than the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for USDU and USMV.
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Drawdown Indicators
| USDU | USMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.54% | -33.10% | +18.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.64% | -6.46% | +2.82% |
Max Drawdown (3Y)Largest decline over 3 years | -7.73% | -9.36% | +1.63% |
Max Drawdown (5Y)Largest decline over 5 years | -9.28% | -17.93% | +8.65% |
Max Drawdown (10Y)Largest decline over 10 years | -14.54% | -33.10% | +18.56% |
Current DrawdownCurrent decline from peak | -1.62% | -2.24% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -2.88% | -1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.94% | -0.60% |
Volatility
USDU vs. USMV - Volatility Comparison
The current volatility for WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) is 1.28%, while iShares MSCI USA Min Vol Factor ETF (USMV) has a volatility of 2.65%. This indicates that USDU experiences smaller price fluctuations and is considered to be less risky 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
| USDU | USMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 2.65% | -1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | 6.02% | -1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.67% | 8.57% | -2.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.63% | 12.36% | -5.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.46% | 14.51% | -7.05% |
USDU vs. USMV - Expense Ratio Comparison
USDU has a 0.51% expense ratio, which is higher than USMV's 0.15% expense ratio.
Dividends
USDU vs. USMV - Dividend Comparison
USDU's dividend yield for the trailing twelve months is around 3.74%, more than USMV's 1.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 3.74% | 3.83% | 3.97% | 6.99% | 7.83% | 0.00% | 0.69% | 3.06% | 0.88% | 0.00% | 0.00% | 6.48% |
USMV iShares MSCI USA Min Vol Factor ETF | 1.54% | 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
USDU and USMV have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USMV has higher volatility (2.65%) compared to USDU (1.28%). In terms of maximum drawdown, USDU dropped -14.54% vs USMV's -33.10%.
On 10-year performance, USMV leads with 9.75% vs 2.77% for USDU. On fees, USMV is cheaper at 0.15% per year. On volatility, USDU has been the lower-risk option at 1.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, USMV has performed better with a 9.75% return vs 2.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USMV is cheaper with a 0.15% expense ratio, compared with 0.51% for USDU.
USDU has the higher dividend yield at 3.74%, compared with 1.54% for USMV.
USDU is categorized as Currency, while USMV is Large Cap Blend Equities. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.51% for USDU and 0.15% for USMV.
USDU currently has the higher Sharpe Ratio (0.89 vs 0.37), 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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