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USMV vs. GFL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

USMV vs. GFL

Last updated Jun 9, 2026

USMV (iShares MSCI USA Min Vol Factor ETF) is Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility Index, while GFL (GFL Environmental Inc.) is a stock. Over the past 5 years, USMV returned 7.21%/yr vs 1.78%/yr for GFL. At a 0.42 correlation, their price movements are largely independent.

Performance

USMV vs. GFL - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, USMV achieves a 1.55% return, which is significantly higher than GFL's -18.68% 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%

GFL

1D
-1.72%
1M
-5.01%
YTD
-18.68%
6M
-21.93%
1Y
-29.67%
3Y*
-2.02%
5Y*
1.78%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

USMV vs. GFL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
USMV
iShares MSCI USA Min Vol Factor ETF		1.55%7.65%15.74%10.33%-9.43%20.85%7.18%
GFL
GFL Environmental Inc.		-18.68%-3.44%29.26%18.24%-22.65%29.88%67.01%

Correlation

The correlation between USMV and GFL is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.34

Correlation (3Y)
Calculated over the trailing 3-year period

0.36

Correlation (5Y)
Calculated over the trailing 5-year period

0.46

Correlation (All Time)
Calculated using the full available price history since Mar 3, 2020

0.42

The correlation between USMV and GFL shifts across timeframes, from 0.34 (1 year) to 0.46 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI USA Min Vol Factor ETF

GFL Environmental Inc.

Often compared with USMV:
USMV vs. SPLVUSMV vs. SPYUSMV vs. VOOUSMV vs. VFMVUSMV vs. ACWVUSMV vs. QUALUSMV vs. VTI
Often compared with GFL:
GFL vs. WMGFL vs. WCNGFL vs. RSGGFL vs. CLHGFL vs. NOAGFL vs. VOOGFL vs. SPY

Return for Risk

USMV vs. GFL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
USMV
USMV Risk / Return Rank: 1515
Overall Rank
USMV Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
USMV Sortino Ratio Rank: 1515
Sortino Ratio Rank
USMV Omega Ratio Rank: 1414
Omega Ratio Rank
USMV Calmar Ratio Rank: 1616
Calmar Ratio Rank
USMV Martin Ratio Rank: 1717
Martin Ratio Rank
GFL
GFL Risk / Return Rank: 44
Overall Rank
GFL Sharpe Ratio Rank: 22
Sharpe Ratio Rank
GFL Sortino Ratio Rank: 44
Sortino Ratio Rank
GFL Omega Ratio Rank: 55
Omega Ratio Rank
GFL Calmar Ratio Rank: 88
Calmar Ratio Rank
GFL Martin Ratio Rank: 11
Martin Ratio Rank
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. GFL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Min Vol Factor ETF (USMV) and GFL Environmental Inc. (GFL). 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.

USMVGFLDifference
Sharpe ratioReturn per unit of total volatility
0.37
-1.17

+1.54

Sortino ratioReturn per unit of downside risk
0.58
-1.67

+2.26

Omega ratioGain probability vs. loss probability

1.07

0.80

+0.27

Calmar ratioReturn relative to maximum drawdown

0.49

-0.87

+1.36

Martin ratioReturn relative to average drawdown

1.64

-1.94

+3.58

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USMV vs. GFL - Sharpe Ratio Comparison

The current USMV Sharpe Ratio is 0.37, which is higher than the GFL Sharpe Ratio of -1.17. The chart below compares the historical Sharpe Ratios of USMV and GFL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

USMVGFLDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.37

-1.17

+1.54

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.59

0.06

+0.53

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

0.38

+0.48

Drawdowns

USMV vs. GFL - Drawdown Comparison

The maximum USMV drawdown since its inception was -33.10%, smaller than the maximum GFL drawdown of -42.76%. Use the drawdown chart below to compare losses from any high point for USMV and GFL.

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Drawdown Indicators

USMVGFLDifference

Max Drawdown

Largest peak-to-trough decline

-33.10%

-42.76%

+9.66%

Max Drawdown (1Y)

Largest decline over 1 year

-6.46%

-34.20%

+27.74%

Max Drawdown (3Y)

Largest decline over 3 years

-9.36%

-34.88%

+25.52%

Max Drawdown (5Y)

Largest decline over 5 years

-17.93%

-42.76%

+24.83%

Max Drawdown (10Y)

Largest decline over 10 years

-33.10%

—

—

Current Drawdown

Current decline from peak

-2.24%

-32.24%

+30.00%

Average Drawdown

Average peak-to-trough decline

-2.88%

-14.37%

+11.49%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.94%

15.34%

-13.40%

Volatility

USMV vs. GFL - Volatility Comparison

The current volatility for iShares MSCI USA Min Vol Factor ETF (USMV) is 2.65%, while GFL Environmental Inc. (GFL) has a volatility of 7.69%. This indicates that USMV experiences smaller price fluctuations and is considered to be less risky than GFL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

USMVGFLDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.65%

7.69%

-5.04%

Volatility (6M)

Calculated over the trailing 6-month period

6.02%

21.41%

-15.39%

Volatility (1Y)

Calculated over the trailing 1-year period

8.57%

25.46%

-16.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.36%

29.80%

-17.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.51%

32.96%

-18.45%

Dividends

USMV vs. GFL - Dividend Comparison

USMV's dividend yield for the trailing twelve months is around 1.54%, more than GFL's 0.18% yield.

PositionTTM20252024202320222021202020192018201720162015
GFL
GFL Environmental Inc.		0.18%0.14%0.12%0.15%0.16%0.11%0.10%0.00%0.00%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 GFL have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GFL has higher volatility (7.69%) compared to USMV (2.65%). In terms of maximum drawdown, USMV dropped -33.10% vs GFL's -42.76%.

USMV currently has the higher Sharpe Ratio (0.37 vs -1.17), 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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