USMV vs. SPXT
Compare and contrast key facts about iShares Edge MSCI Min Vol USA ETF (USMV) and ProShares S&P 500 Ex-Technology ETF (SPXT).
USMV and SPXT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USMV is a passively managed fund by iShares that tracks the performance of the MSCI USA Minimum Volatility Index. It was launched on Oct 18, 2011. SPXT is a passively managed fund by ProShares that tracks the performance of the S&P 500 Ex-Information Technology & Telecommunication Services Index. It was launched on Sep 22, 2015. Both USMV and SPXT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USMV or SPXT.
Performance
USMV vs. SPXT - Performance Comparison
Returns By Period
In the year-to-date period, USMV achieves a 18.28% return, which is significantly lower than SPXT's 21.09% return.
USMV
18.28%
-1.67%
9.30%
24.20%
9.17%
10.65%
SPXT
21.09%
0.92%
9.79%
29.29%
11.74%
N/A
Key characteristics
| USMV | SPXT | |
|---|---|---|
| Sharpe Ratio | 2.86 | 2.89 |
| Sortino Ratio | 4.01 | 3.93 |
| Omega Ratio | 1.53 | 1.52 |
| Calmar Ratio | 4.84 | 3.98 |
| Martin Ratio | 18.65 | 20.88 |
| Ulcer Index | 1.30% | 1.40% |
| Daily Std Dev | 8.47% | 10.10% |
| Max Drawdown | -33.10% | -34.38% |
| Current Drawdown | -2.48% | -2.00% |
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USMV vs. SPXT - Expense Ratio Comparison
USMV has a 0.15% expense ratio, which is lower than SPXT's 0.27% 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%.
Correlation
The correlation between USMV and SPXT is 0.70, 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.
Risk-Adjusted Performance
USMV vs. SPXT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Min Vol USA ETF (USMV) and ProShares S&P 500 Ex-Technology ETF (SPXT). 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.
Dividends
USMV vs. SPXT - Dividend Comparison
USMV's dividend yield for the trailing twelve months is around 1.64%, more than SPXT's 1.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USMV iShares Edge MSCI Min Vol USA ETF | 1.64% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% | 1.88% | 2.18% |
SPXT ProShares S&P 500 Ex-Technology ETF | 1.45% | 1.53% | 1.86% | 1.15% | 1.64% | 1.63% | 2.03% | 1.55% | 2.35% | 0.56% | 0.00% | 0.00% |
Drawdowns
USMV vs. SPXT - Drawdown Comparison
The maximum USMV drawdown since its inception was -33.10%, roughly equal to the maximum SPXT drawdown of -34.38%. Use the drawdown chart below to compare losses from any high point for USMV and SPXT. For additional features, visit the drawdowns tool.
Volatility
USMV vs. SPXT - Volatility Comparison
The current volatility for iShares Edge MSCI Min Vol USA ETF (USMV) is 3.09%, while ProShares S&P 500 Ex-Technology ETF (SPXT) has a volatility of 3.70%. This indicates that USMV experiences smaller price fluctuations and is considered to be less risky than SPXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.