USMV vs. BTI
USMV (iShares MSCI USA Min Vol Factor ETF) is Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility Index, while BTI (British American Tobacco p.l.c.) is a stock. Over the past 10 years, USMV returned 9.75%/yr vs 6.81%/yr for BTI. At a 0.43 correlation, their price movements are largely independent.
Performance
USMV vs. BTI - Performance Comparison
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Returns By Period
In the year-to-date period, USMV achieves a 1.55% return, which is significantly lower than BTI's 6.95% return. Over the past 10 years, USMV has outperformed BTI with an annualized return of 9.75%, while BTI has yielded a comparatively lower 6.81% annualized return.
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%
BTI
- 1D
- -0.05%
- 1M
- 2.42%
- YTD
- 6.95%
- 6M
- 6.89%
- 1Y
- 32.33%
- 3Y*
- 32.33%
- 5Y*
- 17.04%
- 10Y*
- 6.81%
USMV vs. BTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
BTI British American Tobacco p.l.c. | 6.95% | 65.81% | 35.44% | -19.97% | 14.91% | 7.95% | -4.73% | 42.97% | -49.35% | 24.40% |
Correlation
The correlation between USMV and BTI 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 | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011 | 0.43 |
Over the past year, the correlation between USMV and BTI has dropped to 0.17 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
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Return for Risk
USMV vs. BTI — Risk / Return Rank
USMV
BTI
USMV vs. BTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Min Vol Factor ETF (USMV) and British American Tobacco p.l.c. (BTI). 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 | BTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.24 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 2.36 | -1.87 |
| Martin ratioReturn relative to average drawdown | 1.64 | 5.39 | -3.75 |
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 | BTI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 1.42 | -1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.81 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.28 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.58 | +0.28 |
Drawdowns
USMV vs. BTI - Drawdown Comparison
The maximum USMV drawdown since its inception was -33.10%, smaller than the maximum BTI drawdown of -64.11%. Use the drawdown chart below to compare losses from any high point for USMV and BTI.
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Drawdown Indicators
| USMV | BTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.10% | -64.11% | +31.01% |
Max Drawdown (1Y)Largest decline over 1 year | -6.46% | -13.75% | +7.29% |
Max Drawdown (3Y)Largest decline over 3 years | -9.36% | -13.75% | +4.39% |
Max Drawdown (5Y)Largest decline over 5 years | -17.93% | -29.94% | +12.01% |
Max Drawdown (10Y)Largest decline over 10 years | -33.10% | -56.00% | +22.90% |
Current DrawdownCurrent decline from peak | -2.24% | -10.51% | +8.27% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -12.93% | +10.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 6.01% | -4.07% |
Volatility
USMV vs. BTI - Volatility Comparison
The current volatility for iShares MSCI USA Min Vol Factor ETF (USMV) is 2.65%, while British American Tobacco p.l.c. (BTI) has a volatility of 10.01%. This indicates that USMV experiences smaller price fluctuations and is considered to be less risky than BTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USMV | BTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 10.01% | -7.36% |
Volatility (6M)Calculated over the trailing 6-month period | 6.02% | 18.50% | -12.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.57% | 22.87% | -14.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.36% | 21.15% | -8.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.51% | 24.22% | -9.71% |
Dividends
USMV vs. BTI - Dividend Comparison
USMV's dividend yield for the trailing twelve months is around 1.54%, less than BTI's 5.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTI British American Tobacco p.l.c. | 5.16% | 5.29% | 8.18% | 9.72% | 7.23% | 7.98% | 7.22% | 6.35% | 8.53% | 4.27% | 3.85% | 4.11% |
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
USMV and BTI 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.
BTI has higher volatility (10.01%) compared to USMV (2.65%). In terms of maximum drawdown, USMV dropped -33.10% vs BTI's -64.11%.
BTI currently has the higher Sharpe Ratio (1.42 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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