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USML vs. USMV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between USML and USMV is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.01.0

Performance

USML vs. USMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML) and iShares Edge MSCI Min Vol USA ETF (USMV). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%OctoberNovemberDecember2025February
6.55%
5.09%
USML
USMV

Key characteristics

Sharpe Ratio

USML:

1.67

USMV:

2.02

Sortino Ratio

USML:

2.27

USMV:

2.81

Omega Ratio

USML:

1.29

USMV:

1.37

Calmar Ratio

USML:

2.06

USMV:

2.64

Martin Ratio

USML:

6.27

USMV:

8.38

Ulcer Index

USML:

4.60%

USMV:

2.16%

Daily Std Dev

USML:

17.27%

USMV:

9.01%

Max Drawdown

USML:

-35.34%

USMV:

-33.10%

Current Drawdown

USML:

-1.24%

USMV:

0.00%

Returns By Period

In the year-to-date period, USML achieves a 12.04% return, which is significantly higher than USMV's 6.51% return.


USML

YTD

12.04%

1M

3.84%

6M

5.16%

1Y

27.97%

5Y*

N/A

10Y*

N/A

USMV

YTD

6.51%

1M

2.35%

6M

4.50%

1Y

17.61%

5Y*

9.83%

10Y*

10.67%

*Annualized

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USML vs. USMV - Expense Ratio Comparison

USML has a 0.95% expense ratio, which is higher than USMV's 0.15% expense ratio.


Expense ratio chart for USML: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for USMV: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

Risk-Adjusted Performance

USML vs. USMV — Risk-Adjusted Performance Rank

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

USML
The Risk-Adjusted Performance Rank of USML is 7474
Overall Rank
The Sharpe Ratio Rank of USML is 8080
Sharpe Ratio Rank
The Sortino Ratio Rank of USML is 7777
Sortino Ratio Rank
The Omega Ratio Rank of USML is 7676
Omega Ratio Rank
The Calmar Ratio Rank of USML is 7474
Calmar Ratio Rank
The Martin Ratio Rank of USML is 6464
Martin Ratio Rank

USMV
The Risk-Adjusted Performance Rank of USMV is 8484
Overall Rank
The Sharpe Ratio Rank of USMV is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of USMV is 8787
Sortino Ratio Rank
The Omega Ratio Rank of USMV is 8686
Omega Ratio Rank
The Calmar Ratio Rank of USMV is 8383
Calmar Ratio Rank
The Martin Ratio Rank of USMV is 7676
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

USML vs. USMV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML) and iShares Edge MSCI Min Vol USA 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.


The chart of Sharpe ratio for USML, currently valued at 1.67, compared to the broader market0.002.004.001.672.02
The chart of Sortino ratio for USML, currently valued at 2.27, compared to the broader market-2.000.002.004.006.008.0010.0012.002.272.81
The chart of Omega ratio for USML, currently valued at 1.29, compared to the broader market0.501.001.502.002.503.001.291.37
The chart of Calmar ratio for USML, currently valued at 2.06, compared to the broader market0.005.0010.0015.002.062.64
The chart of Martin ratio for USML, currently valued at 6.27, compared to the broader market0.0020.0040.0060.0080.00100.006.278.38
USML
USMV

The current USML Sharpe Ratio is 1.67, which is comparable to the USMV Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of USML and USMV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50OctoberNovemberDecember2025February
1.67
2.02
USML
USMV

Dividends

USML vs. USMV - Dividend Comparison

USML has not paid dividends to shareholders, while USMV's dividend yield for the trailing twelve months is around 1.57%.


TTM20242023202220212020201920182017201620152014
USML
ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
USMV
iShares Edge MSCI Min Vol USA ETF
1.57%1.67%1.82%1.62%1.26%1.81%1.88%2.12%1.77%2.22%2.02%1.88%

Drawdowns

USML vs. USMV - Drawdown Comparison

The maximum USML drawdown since its inception was -35.34%, which is greater than USMV's maximum drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for USML and USMV. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%OctoberNovemberDecember2025February
-1.24%
0
USML
USMV

Volatility

USML vs. USMV - Volatility Comparison

ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML) has a higher volatility of 5.12% compared to iShares Edge MSCI Min Vol USA ETF (USMV) at 2.80%. This indicates that USML'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.


2.00%3.00%4.00%5.00%6.00%7.00%OctoberNovemberDecember2025February
5.12%
2.80%
USML
USMV