USMV vs. AVIE
Compare and contrast key facts about iShares MSCI USA Minimum Volatility Factor ETF (USMV) and Avantis Inflation Focused Equity ETF (AVIE).
USMV and AVIE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USMV is a passively managed fund by iShares that tracks the performance of the MSCI USA Minimum Volatility Index. It was launched on Oct 18, 2011. AVIE is an actively managed fund by Avantis. It was launched on Sep 27, 2022.
Performance
USMV vs. AVIE - Performance Comparison
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USMV vs. AVIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
USMV iShares MSCI USA Minimum Volatility Factor ETF | -1.10% | 7.65% | 15.74% | 10.33% | 8.32% |
AVIE Avantis Inflation Focused Equity ETF | 11.28% | 11.37% | 6.17% | 4.19% | 14.70% |
Returns By Period
In the year-to-date period, USMV achieves a -1.10% return, which is significantly lower than AVIE's 11.28% return.
USMV
- 1D
- 1.15%
- 1M
- -4.79%
- YTD
- -1.10%
- 6M
- -1.72%
- 1Y
- 0.57%
- 3Y*
- 10.28%
- 5Y*
- 7.61%
- 10Y*
- 9.65%
AVIE
- 1D
- 0.70%
- 1M
- -2.00%
- YTD
- 11.28%
- 6M
- 16.70%
- 1Y
- 15.15%
- 3Y*
- 12.31%
- 5Y*
- —
- 10Y*
- —
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USMV vs. AVIE - Expense Ratio Comparison
USMV has a 0.15% expense ratio, which is lower than AVIE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
USMV vs. AVIE — Risk / Return Rank
USMV
AVIE
USMV vs. AVIE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Minimum Volatility Factor ETF (USMV) and Avantis Inflation Focused Equity ETF (AVIE). 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.
| USMV | AVIE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.05 | 1.04 | -0.99 |
Sortino ratioReturn per unit of downside risk | 0.15 | 1.44 | -1.29 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.22 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 0.18 | 1.40 | -1.23 |
Martin ratioReturn relative to average drawdown | 0.79 | 4.02 | -3.24 |
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
| USMV | AVIE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.05 | 1.04 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 1.06 | -0.21 |
Correlation
The correlation between USMV and AVIE is 0.77, 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.
Dividends
USMV vs. AVIE - Dividend Comparison
USMV's dividend yield for the trailing twelve months is around 1.58%, more than AVIE's 1.47% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USMV iShares MSCI USA Minimum Volatility Factor ETF | 1.58% | 1.49% | 1.67% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% |
AVIE Avantis Inflation Focused Equity ETF | 1.47% | 1.75% | 1.89% | 3.72% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
USMV vs. AVIE - Drawdown Comparison
The maximum USMV drawdown since its inception was -33.10%, which is greater than AVIE's maximum drawdown of -12.39%. Use the drawdown chart below to compare losses from any high point for USMV and AVIE.
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Drawdown Indicators
| USMV | AVIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.10% | -12.39% | -20.71% |
Max Drawdown (1Y)Largest decline over 1 year | -8.91% | -11.53% | +2.62% |
Max Drawdown (5Y)Largest decline over 5 years | -17.93% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.10% | — | — |
Current DrawdownCurrent decline from peak | -4.79% | -2.09% | -2.70% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -3.10% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 4.02% | -2.02% |
Volatility
USMV vs. AVIE - Volatility Comparison
iShares MSCI USA Minimum Volatility Factor ETF (USMV) and Avantis Inflation Focused Equity ETF (AVIE) have volatilities of 3.03% and 3.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USMV | AVIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 3.07% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 6.08% | 7.36% | -1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.54% | 14.66% | -2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.39% | 13.10% | -0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.51% | 13.10% | +1.41% |