USMV vs. FIDI
USMV (iShares MSCI USA Min Vol Factor ETF) and FIDI (Fidelity International High Dividend ETF) are both exchange-traded funds - USMV is a Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility Index, while FIDI is a Foreign Large Cap Equities fund tracking the Fidelity® International High Dividend Index. Both are passively managed. Over the past 5 years, USMV returned 7.21%/yr vs 10.29%/yr for FIDI. A 0.58 correlation means they provide meaningful diversification when combined. USMV charges 0.15%/yr vs 0.39%/yr for FIDI.
Performance
USMV vs. FIDI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, USMV achieves a 1.55% return, which is significantly lower than FIDI's 8.46% 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%
FIDI
- 1D
- 0.40%
- 1M
- -0.68%
- YTD
- 8.46%
- 6M
- 11.86%
- 1Y
- 24.12%
- 3Y*
- 18.54%
- 5Y*
- 10.29%
- 10Y*
- —
USMV vs. FIDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
USMV iShares MSCI USA Min Vol Factor ETF | 1.55% | 7.65% | 15.74% | 10.33% | -9.43% | 20.85% | 5.64% | 27.69% | -0.94% |
FIDI Fidelity International High Dividend ETF | 8.46% | 39.34% | -0.06% | 16.28% | -4.73% | 16.87% | -11.68% | 15.47% | -19.49% |
Correlation
The correlation between USMV and FIDI is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018 | 0.58 |
The correlation between USMV and FIDI has been stable across timeframes, ranging from 0.51 to 0.58 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
USMV vs. FIDI — Risk / Return Rank
USMV
FIDI
USMV vs. FIDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Min Vol Factor ETF (USMV) and Fidelity International High Dividend ETF (FIDI). 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 | FIDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.70 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.37 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 3.48 | -2.99 |
| Martin ratioReturn relative to average drawdown | 1.64 | 12.34 | -10.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| USMV | FIDI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 2.07 | -1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.70 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.31 | +0.56 |
Drawdowns
USMV vs. FIDI - Drawdown Comparison
The maximum USMV drawdown since its inception was -33.10%, smaller than the maximum FIDI drawdown of -46.34%. Use the drawdown chart below to compare losses from any high point for USMV and FIDI.
Loading charts...
Drawdown Indicators
| USMV | FIDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.10% | -46.34% | +13.24% |
Max Drawdown (1Y)Largest decline over 1 year | -6.46% | -6.96% | +0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -9.36% | -12.09% | +2.73% |
Max Drawdown (5Y)Largest decline over 5 years | -17.93% | -26.05% | +8.12% |
Max Drawdown (10Y)Largest decline over 10 years | -33.10% | — | — |
Current DrawdownCurrent decline from peak | -2.24% | -2.66% | +0.42% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -9.78% | +6.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 1.96% | -0.02% |
Volatility
USMV vs. FIDI - Volatility Comparison
iShares MSCI USA Min Vol Factor ETF (USMV) and Fidelity International High Dividend ETF (FIDI) have volatilities of 2.65% and 2.61%, 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.
Loading charts...
Volatility by Period
| USMV | FIDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 2.61% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 6.02% | 9.13% | -3.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.57% | 11.70% | -3.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.36% | 14.85% | -2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.51% | 18.72% | -4.21% |
USMV vs. FIDI - Expense Ratio Comparison
USMV has a 0.15% expense ratio, which is lower than FIDI's 0.39% expense ratio.
Dividends
USMV vs. FIDI - Dividend Comparison
USMV's dividend yield for the trailing twelve months is around 1.54%, less than FIDI's 4.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIDI Fidelity International High Dividend ETF | 4.14% | 4.33% | 5.72% | 4.80% | 5.09% | 4.00% | 3.36% | 4.26% | 4.37% | 0.00% | 0.00% | 0.00% |
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 FIDI have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USMV has higher volatility (2.65%) compared to FIDI (2.61%). In terms of maximum drawdown, USMV dropped -33.10% vs FIDI's -46.34%.
On 5-year performance, FIDI leads with 10.29% vs 7.21% for USMV. On fees, USMV is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FIDI has performed better with a 10.29% return vs 7.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USMV is cheaper with a 0.15% expense ratio, compared with 0.39% for FIDI.
FIDI has the higher dividend yield at 4.14%, compared with 1.54% for USMV.
USMV is categorized as Large Cap Blend Equities, while FIDI is Foreign Large Cap Equities. USMV tracks MSCI USA Minimum Volatility Index, while FIDI tracks Fidelity® International High Dividend Index. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.15% for USMV and 0.39% for FIDI.
FIDI currently has the higher Sharpe Ratio (2.07 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.
Find the right allocation for USMV and FIDI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer