USMV vs. EBI

Last updated Jun 24, 2026

USMV (iShares MSCI USA Min Vol Factor ETF) and EBI (Longview Advantage ETF) are both Large Cap Blend Equities funds. USMV is passively managed, while EBI is actively managed. Over the past year, USMV returned 3.59% vs 30.46% for EBI. A 0.63 correlation means they provide meaningful diversification when combined. USMV charges 0.15%/yr vs 0.24%/yr for EBI.

Performance

USMV vs. EBI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Min Vol Factor ETF (USMV) and Longview Advantage ETF (EBI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USMV achieves a 1.14% return, which is significantly lower than EBI's 13.70% return.

USMV

• 1D: 0.29%
• 1M: -2.10%
• YTD: 1.14%
• 6M: 0.51%
• 1Y: 3.59%
• 3Y*: 10.93%
• 5Y*: 7.02%
• 10Y*: 9.79%

EBI

• 1D: -0.96%
• 1M: 0.90%
• YTD: 13.70%
• 6M: 12.56%
• 1Y: 30.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

USMV vs. EBI - Yearly Performance Comparison

	2026 (YTD)	2025
USMV iShares MSCI USA Min Vol Factor ETF	1.14%	2.36%
EBI Longview Advantage ETF	13.70%	15.82%

Correlation

The correlation between USMV and EBI is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (All Time) Calculated using the full available price history since Feb 27, 2025	0.63

The correlation between USMV and EBI has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.

Return for Risk

USMV vs. EBI — Risk / Return Rank

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

USMV

USMV Risk / Return Rank: 15
USMV Sharpe Ratio Rank: 15
USMV Sortino Ratio Rank: 13
USMV Omega Ratio Rank: 13
USMV Calmar Ratio Rank: 15
USMV Martin Ratio Rank: 17

EBI

EBI Risk / Return Rank: 84
EBI Sharpe Ratio Rank: 84
EBI Sortino Ratio Rank: 84
EBI Omega Ratio Rank: 81
EBI Calmar Ratio Rank: 85
EBI Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

USMV vs. EBI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Min Vol Factor ETF (USMV) and Longview Advantage ETF (EBI). 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	EBI	Difference
Sharpe ratio: Return per unit of total volatility	0.42	2.46	-2.03
Sortino ratio: Return per unit of downside risk	0.65	3.37	-2.72
Omega ratio: Gain probability vs. loss probability	1.08	1.43	-0.36
Calmar ratio: Return relative to maximum drawdown	0.56	4.32	-3.76
Martin ratio: Return relative to average drawdown	1.82	17.50	-15.68

USMV vs. EBI - Sharpe Ratio Comparison

The current USMV Sharpe Ratio is 0.42, which is lower than the EBI Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of USMV and EBI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

USMV vs. EBI - Drawdown Comparison

The maximum USMV drawdown since its inception was -33.10%, which is greater than EBI's maximum drawdown of -17.05%. Use the drawdown chart below to compare losses from any high point for USMV and EBI.

Drawdown Indicators

	USMV	EBI	Difference
Max Drawdown Largest peak-to-trough decline	-33.10%	-17.05%	-16.05%
Max Drawdown (1Y) Largest decline over 1 year	-6.46%	-7.09%	+0.63%
Max Drawdown (3Y) Largest decline over 3 years	-9.36%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.93%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.10%	—	—
Current Drawdown Current decline from peak	-2.63%	-1.43%	-1.20%
Average Drawdown Average peak-to-trough decline	-2.87%	-2.03%	-0.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	1.75%	+0.23%

Volatility

USMV vs. EBI - Volatility Comparison

The current volatility for iShares MSCI USA Min Vol Factor ETF (USMV) is 2.63%, while Longview Advantage ETF (EBI) has a volatility of 4.03%. This indicates that USMV experiences smaller price fluctuations and is considered to be less risky than EBI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USMV	EBI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.63%	4.03%	-1.40%
Volatility (6M) Calculated over the trailing 6-month period	6.14%	9.27%	-3.13%
Volatility (1Y) Calculated over the trailing 1-year period	8.60%	12.49%	-3.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.35%	17.88%	-5.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.51%	17.88%	-3.37%

USMV vs. EBI - Expense Ratio Comparison

USMV has a 0.15% expense ratio, which is lower than EBI's 0.24% 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%.

Dividends

USMV vs. EBI - Dividend Comparison

USMV's dividend yield for the trailing twelve months is around 1.53%, more than EBI's 0.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EBI Longview Advantage ETF	0.92%	1.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USMV iShares MSCI USA Min Vol Factor ETF	1.53%	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

Can I hold both USMV and EBI in my portfolio?

USMV and EBI have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USMV or EBI?

EBI has higher volatility (4.03%) compared to USMV (2.63%). In terms of maximum drawdown, USMV dropped -33.10% vs EBI's -17.05%.

Which ETF is better, USMV or EBI?

On 1-year performance, EBI leads with 30.46% vs 3.59% for USMV. On fees, USMV is cheaper at 0.15% per year. On volatility, USMV has been the lower-risk option at 2.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USMV or EBI?

Over the 1-year period, EBI has performed better with a 30.46% return vs 3.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USMV or EBI?

USMV is cheaper with a 0.15% expense ratio, compared with 0.24% for EBI.

Which ETF pays a higher dividend yield, USMV or EBI?

USMV has the higher dividend yield at 1.53%, compared with 0.92% for EBI.

What is the main difference between USMV and EBI?

They also come from different issuers: iShares and Longview. Their fees differ too: 0.15% for USMV and 0.24% for EBI.

Which has better risk-adjusted returns?

EBI currently has the higher Sharpe Ratio (2.46 vs 0.42), 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.