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USMV vs. SCHK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

USMV vs. SCHK

Last updated Jun 24, 2026

USMV (iShares MSCI USA Min Vol Factor ETF) and SCHK (Schwab 1000 Index ETF) are both Large Cap Blend Equities funds - USMV tracks the MSCI USA Minimum Volatility Index while SCHK tracks the Schwab 1000 Index. Both are passively managed. Over the past 5 years, USMV returned 7.02%/yr vs 12.31%/yr for SCHK. Their correlation of 0.81 suggests significant overlap in exposure. USMV charges 0.15%/yr vs 0.03%/yr for SCHK.

Performance

USMV vs. SCHK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Min Vol Factor ETF (USMV) and Schwab 1000 Index ETF (SCHK). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, USMV achieves a 1.14% return, which is significantly lower than SCHK's 8.54% 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%

SCHK

1D
-1.42%
1M
-0.95%
YTD
8.54%
6M
7.46%
1Y
23.67%
3Y*
20.74%
5Y*
12.31%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

USMV vs. SCHK - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
USMV
iShares MSCI USA Min Vol Factor ETF		1.14%7.65%15.74%10.33%-9.43%20.85%5.64%27.69%1.33%4.34%
SCHK
Schwab 1000 Index ETF		8.54%17.23%24.48%26.63%-19.51%26.17%20.75%31.31%-5.09%5.24%

Correlation

The correlation between USMV and SCHK 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

0.65

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

0.76

Correlation (All Time)
Calculated using the full available price history since Oct 11, 2017

0.81

Over the past year, the correlation between USMV and SCHK has dropped to 0.51 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.

USMV vs. SCHK - Sectors Allocation Comparison

Sectors
USMV
SCHK

Technology

33.9%
38.0%

Healthcare

12.6%
8.4%

Financial Services

11.7%
11.2%

Consumer Defensive

9.4%
4.3%

Utilities

6.9%
2.1%

Communication Services

6.2%
10.1%

Industrials

6.1%
8.9%

Consumer Cyclical

5.7%
9.8%

Energy

2.7%
3.2%

Real Estate

2.5%
2.0%

Basic Materials

2.4%
1.9%

Technology

USMV
33.9%
SCHK
38.0%

Healthcare

USMV
12.6%
SCHK
8.4%

Financial Services

USMV
11.7%
SCHK
11.2%

Consumer Defensive

USMV
9.4%
SCHK
4.3%

Utilities

USMV
6.9%
SCHK
2.1%

Communication Services

USMV
6.2%
SCHK
10.1%

Industrials

USMV
6.1%
SCHK
8.9%

Consumer Cyclical

USMV
5.7%
SCHK
9.8%

Energy

USMV
2.7%
SCHK
3.2%

Real Estate

USMV
2.5%
SCHK
2.0%

Basic Materials

USMV
2.4%
SCHK
1.9%

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

Schwab 1000 Index ETF

Often compared with USMV:
USMV vs. SPLVUSMV vs. SPYUSMV vs. VOOUSMV vs. VFMVUSMV vs. QUALUSMV vs. ACWVUSMV vs. VTI
Often compared with SCHK:
SCHK vs. SCHBSCHK vs. VOOSCHK vs. SCHXSCHK vs. SCHGSCHK vs. VTISCHK vs. VONGSCHK vs. SCHD

Return for Risk

USMV vs. SCHK — 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: 1313
Sortino Ratio Rank
USMV Omega Ratio Rank: 1313
Omega Ratio Rank
USMV Calmar Ratio Rank: 1515
Calmar Ratio Rank
USMV Martin Ratio Rank: 1717
Martin Ratio Rank
SCHK
SCHK Risk / Return Rank: 5858
Overall Rank
SCHK Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
SCHK Sortino Ratio Rank: 5555
Sortino Ratio Rank
SCHK Omega Ratio Rank: 5656
Omega Ratio Rank
SCHK Calmar Ratio Rank: 5656
Calmar Ratio Rank
SCHK Martin Ratio Rank: 6767
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. SCHK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Min Vol Factor ETF (USMV) and Schwab 1000 Index ETF (SCHK). 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.

USMVSCHKDifference
Sharpe ratioReturn per unit of total volatility
0.42
1.86

-1.43

Sortino ratioReturn per unit of downside risk
0.65
2.53

-1.89

Omega ratioGain probability vs. loss probability

1.08

1.33

-0.26

Calmar ratioReturn relative to maximum drawdown

0.56

2.65

-2.09

Martin ratioReturn relative to average drawdown

1.82

11.81

-9.99

USMV vs. SCHK - Sharpe Ratio Comparison

The current USMV Sharpe Ratio is 0.42, which is lower than the SCHK Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of USMV and SCHK, 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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Drawdowns

USMV vs. SCHK - Drawdown Comparison

The maximum USMV drawdown since its inception was -33.10%, roughly equal to the maximum SCHK drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for USMV and SCHK.

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Drawdown Indicators

USMVSCHKDifference

Max Drawdown

Largest peak-to-trough decline

-33.10%

-34.80%

+1.70%

Max Drawdown (1Y)

Largest decline over 1 year

-6.46%

-8.97%

+2.51%

Max Drawdown (3Y)

Largest decline over 3 years

-9.36%

-19.21%

+9.85%

Max Drawdown (5Y)

Largest decline over 5 years

-17.93%

-25.44%

+7.51%

Max Drawdown (10Y)

Largest decline over 10 years

-33.10%

—

—

Current Drawdown

Current decline from peak

-2.63%

-2.98%

+0.35%

Average Drawdown

Average peak-to-trough decline

-2.87%

-5.16%

+2.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.98%

2.01%

-0.03%

Volatility

USMV vs. SCHK - Volatility Comparison

The current volatility for iShares MSCI USA Min Vol Factor ETF (USMV) is 2.63%, while Schwab 1000 Index ETF (SCHK) has a volatility of 4.96%. This indicates that USMV experiences smaller price fluctuations and is considered to be less risky than SCHK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

USMVSCHKDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.63%

4.96%

-2.33%

Volatility (6M)

Calculated over the trailing 6-month period

6.14%

10.10%

-3.96%

Volatility (1Y)

Calculated over the trailing 1-year period

8.60%

12.84%

-4.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.35%

17.34%

-4.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.51%

19.12%

-4.61%

USMV vs. SCHK - Expense Ratio Comparison

USMV has a 0.15% expense ratio, which is higher than SCHK's 0.03% expense ratio. However, 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. SCHK - Dividend Comparison

USMV's dividend yield for the trailing twelve months is around 1.53%, more than SCHK's 1.03% yield.

PositionTTM20252024202320222021202020192018201720162015
SCHK
Schwab 1000 Index ETF		1.03%1.09%1.20%1.38%1.57%1.17%1.58%1.82%1.80%0.31%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

USMV and SCHK 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.

SCHK has higher volatility (4.96%) compared to USMV (2.63%). In terms of maximum drawdown, USMV dropped -33.10% vs SCHK's -34.80%.

On 5-year performance, SCHK leads with 12.31% vs 7.02% for USMV. On fees, SCHK is cheaper at 0.03% 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.

Over the 5-year period, SCHK has performed better with a 12.31% return vs 7.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHK is cheaper with a 0.03% expense ratio, compared with 0.15% for USMV.

USMV has the higher dividend yield at 1.53%, compared with 1.03% for SCHK.

USMV tracks MSCI USA Minimum Volatility Index, while SCHK tracks Schwab 1000 Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.15% for USMV and 0.03% for SCHK.

SCHK currently has the higher Sharpe Ratio (1.86 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.

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