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USMV vs. SPLV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between USMV and SPLV is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.0
Correlation: 0.7

Performance

USMV vs. SPLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI Min Vol USA ETF (USMV) and Invesco S&P 500® Low Volatility ETF (SPLV). The values are adjusted to include any dividend payments, if applicable.

280.00%300.00%320.00%340.00%360.00%380.00%December2025FebruaryMarchAprilMay
368.84%
299.76%
USMV
SPLV

Key characteristics

Sharpe Ratio

USMV:

1.15

SPLV:

1.12

Sortino Ratio

USMV:

1.61

SPLV:

1.54

Omega Ratio

USMV:

1.24

SPLV:

1.22

Calmar Ratio

USMV:

1.59

SPLV:

1.61

Martin Ratio

USMV:

6.12

SPLV:

5.08

Ulcer Index

USMV:

2.44%

SPLV:

2.88%

Daily Std Dev

USMV:

12.93%

SPLV:

13.05%

Max Drawdown

USMV:

-33.10%

SPLV:

-36.26%

Current Drawdown

USMV:

-2.47%

SPLV:

-3.41%

Returns By Period

The year-to-date returns for both stocks are quite close, with USMV having a 3.88% return and SPLV slightly lower at 3.87%. Over the past 10 years, USMV has outperformed SPLV with an annualized return of 10.37%, while SPLV has yielded a comparatively lower 9.09% annualized return.


USMV

YTD

3.88%

1M

-1.80%

6M

2.96%

1Y

16.27%

5Y*

11.60%

10Y*

10.37%

SPLV

YTD

3.87%

1M

-3.10%

6M

2.73%

1Y

15.48%

5Y*

10.50%

10Y*

9.09%

*Annualized

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USMV vs. SPLV - Expense Ratio Comparison

USMV has a 0.15% expense ratio, which is lower than SPLV's 0.25% 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%.


Expense ratio chart for SPLV: current value is 0.25%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPLV: 0.25%
Expense ratio chart for USMV: current value is 0.15%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
USMV: 0.15%

Risk-Adjusted Performance

USMV vs. SPLV — Risk-Adjusted Performance Rank

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

USMV
The Risk-Adjusted Performance Rank of USMV is 8585
Overall Rank
The Sharpe Ratio Rank of USMV is 8383
Sharpe Ratio Rank
The Sortino Ratio Rank of USMV is 8282
Sortino Ratio Rank
The Omega Ratio Rank of USMV is 8484
Omega Ratio Rank
The Calmar Ratio Rank of USMV is 9090
Calmar Ratio Rank
The Martin Ratio Rank of USMV is 8787
Martin Ratio Rank

SPLV
The Risk-Adjusted Performance Rank of SPLV is 8484
Overall Rank
The Sharpe Ratio Rank of SPLV is 8282
Sharpe Ratio Rank
The Sortino Ratio Rank of SPLV is 8181
Sortino Ratio Rank
The Omega Ratio Rank of SPLV is 8282
Omega Ratio Rank
The Calmar Ratio Rank of SPLV is 9090
Calmar Ratio Rank
The Martin Ratio Rank of SPLV is 8484
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

USMV vs. SPLV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Min Vol USA ETF (USMV) and Invesco S&P 500® Low Volatility ETF (SPLV). 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.


The chart of Sharpe ratio for USMV, currently valued at 1.15, compared to the broader market-1.000.001.002.003.004.00
USMV: 1.15
SPLV: 1.12
The chart of Sortino ratio for USMV, currently valued at 1.61, compared to the broader market-2.000.002.004.006.008.00
USMV: 1.61
SPLV: 1.54
The chart of Omega ratio for USMV, currently valued at 1.24, compared to the broader market0.501.001.502.002.50
USMV: 1.24
SPLV: 1.22
The chart of Calmar ratio for USMV, currently valued at 1.59, compared to the broader market0.002.004.006.008.0010.00
USMV: 1.59
SPLV: 1.61
The chart of Martin ratio for USMV, currently valued at 6.12, compared to the broader market0.0020.0040.0060.00
USMV: 6.12
SPLV: 5.08

The current USMV Sharpe Ratio is 1.15, which is comparable to the SPLV Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of USMV and SPLV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00December2025FebruaryMarchAprilMay
1.15
1.12
USMV
SPLV

Dividends

USMV vs. SPLV - Dividend Comparison

USMV's dividend yield for the trailing twelve months is around 1.58%, less than SPLV's 1.75% yield.


TTM20242023202220212020201920182017201620152014
USMV
iShares Edge MSCI Min Vol USA ETF
1.58%1.67%1.82%1.62%1.26%1.81%1.88%2.12%1.77%2.22%2.02%1.88%
SPLV
Invesco S&P 500® Low Volatility ETF
1.75%1.88%2.45%2.11%1.51%2.12%2.08%2.18%2.03%2.03%2.28%2.20%

Drawdowns

USMV vs. SPLV - Drawdown Comparison

The maximum USMV drawdown since its inception was -33.10%, smaller than the maximum SPLV drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for USMV and SPLV. For additional features, visit the drawdowns tool.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%December2025FebruaryMarchAprilMay
-2.47%
-3.41%
USMV
SPLV

Volatility

USMV vs. SPLV - Volatility Comparison

iShares Edge MSCI Min Vol USA ETF (USMV) has a higher volatility of 9.40% compared to Invesco S&P 500® Low Volatility ETF (SPLV) at 8.66%. This indicates that USMV's price experiences larger fluctuations and is considered to be riskier than SPLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%December2025FebruaryMarchAprilMay
9.40%
8.66%
USMV
SPLV