USMV vs. BTC-USD
USMV (iShares MSCI USA Min Vol Factor ETF) is Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, USMV returned 9.90%/yr vs 55.97%/yr for BTC-USD. At a 0.08 correlation, their price movements are largely independent.
Performance
USMV vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, USMV achieves a 2.43% return, which is significantly higher than BTC-USD's -25.06% return. Over the past 10 years, USMV has underperformed BTC-USD with an annualized return of 9.90%, while BTC-USD has yielded a comparatively higher 55.97% annualized return.
USMV
- 1D
- 0.43%
- 1M
- 1.43%
- YTD
- 2.43%
- 6M
- 2.34%
- 1Y
- 4.89%
- 3Y*
- 11.35%
- 5Y*
- 7.24%
- 10Y*
- 9.90%
BTC-USD
- 1D
- 2.42%
- 1M
- -17.06%
- YTD
- -25.06%
- 6M
- -25.64%
- 1Y
- -37.83%
- 3Y*
- 36.87%
- 5Y*
- 10.30%
- 10Y*
- 55.97%
USMV vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USMV iShares MSCI USA Min Vol Factor ETF | 2.43% | 7.65% | 15.74% | 10.33% | -9.43% | 20.85% | 5.64% | 27.69% | 1.33% | 18.91% |
BTC-USD Bitcoin | -25.06% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between USMV and BTC-USD is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2012 | 0.08 |
The correlation between USMV and BTC-USD shifts across timeframes, from 0.08 (all time) to 0.22 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
USMV vs. BTC-USD — Risk / Return Rank
USMV
BTC-USD
USMV vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Min Vol Factor ETF (USMV) and Bitcoin (BTC-USD). 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.
| USMV | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.88 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | -0.74 | +1.36 |
| Martin ratioReturn relative to average drawdown | 2.06 | -1.28 | +3.34 |
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Drawdowns
USMV vs. BTC-USD - Drawdown Comparison
The maximum USMV drawdown since its inception was -33.10%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for USMV and BTC-USD.
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Drawdown Indicators
| USMV | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.10% | -85.30% | +52.20% |
Max Drawdown (1Y)Largest decline over 1 year | -6.46% | -51.21% | +44.75% |
Max Drawdown (3Y)Largest decline over 3 years | -9.36% | -51.21% | +41.85% |
Max Drawdown (5Y)Largest decline over 5 years | -17.93% | -76.67% | +58.74% |
Max Drawdown (10Y)Largest decline over 10 years | -33.10% | -83.80% | +50.70% |
Current DrawdownCurrent decline from peak | -1.40% | -47.43% | +46.03% |
Average DrawdownAverage peak-to-trough decline | -2.87% | -42.37% | +39.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 35.28% | -33.33% |
Volatility
USMV vs. BTC-USD - Volatility Comparison
The current volatility for iShares MSCI USA Min Vol Factor ETF (USMV) is 2.70%, while Bitcoin (BTC-USD) has a volatility of 12.10%. This indicates that USMV experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USMV | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 12.10% | -9.40% |
Volatility (6M)Calculated over the trailing 6-month period | 6.02% | 34.64% | -28.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.56% | 35.63% | -27.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.36% | 44.55% | -32.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.51% | 56.61% | -42.10% |
Frequently Asked Questions
USMV and BTC-USD have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (12.10%) compared to USMV (2.70%). In terms of maximum drawdown, USMV dropped -33.10% vs BTC-USD's -85.30%.
USMV currently has the higher Sharpe Ratio (0.47 vs -0.88), 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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