USMV vs. THLV
Compare and contrast key facts about iShares MSCI USA Minimum Volatility Factor ETF (USMV) and THOR Equal Weight Low Volatility ETF (THLV).
USMV and THLV 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. THLV is a passively managed fund by THOR that tracks the performance of the THOR Equal Weight Low Volatility Index. It was launched on Sep 12, 2022. Both USMV and THLV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
USMV vs. THLV - Performance Comparison
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USMV vs. THLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
USMV iShares MSCI USA Minimum Volatility Factor ETF | -1.18% | 7.65% | 15.74% | 10.33% | 1.65% |
THLV THOR Equal Weight Low Volatility ETF | 6.72% | 10.50% | 9.52% | 5.88% | 2.55% |
Returns By Period
In the year-to-date period, USMV achieves a -1.18% return, which is significantly lower than THLV's 6.72% return.
USMV
- 1D
- -0.08%
- 1M
- -4.74%
- YTD
- -1.18%
- 6M
- -1.61%
- 1Y
- 0.57%
- 3Y*
- 10.26%
- 5Y*
- 7.59%
- 10Y*
- 9.64%
THLV
- 1D
- -0.09%
- 1M
- -4.34%
- YTD
- 6.72%
- 6M
- 7.72%
- 1Y
- 20.34%
- 3Y*
- 11.17%
- 5Y*
- —
- 10Y*
- —
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USMV vs. THLV - Expense Ratio Comparison
USMV has a 0.15% expense ratio, which is lower than THLV's 0.64% expense ratio.
Return for Risk
USMV vs. THLV — Risk / Return Rank
USMV
THLV
USMV vs. THLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Minimum Volatility Factor ETF (USMV) and THOR Equal Weight Low Volatility ETF (THLV). 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 | THLV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.05 | 1.81 | -1.76 |
Sortino ratioReturn per unit of downside risk | 0.15 | 2.53 | -2.38 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.34 | -0.31 |
Calmar ratioReturn relative to maximum drawdown | 0.06 | 3.00 | -2.95 |
Martin ratioReturn relative to average drawdown | 0.25 | 10.82 | -10.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USMV | THLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.05 | 1.81 | -1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.85 | 0.00 |
Correlation
The correlation between USMV and THLV is 0.78, 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.
Dividends
USMV vs. THLV - Dividend Comparison
USMV's dividend yield for the trailing twelve months is around 1.59%, less than THLV's 1.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USMV iShares MSCI USA Minimum Volatility Factor ETF | 1.59% | 1.49% | 1.67% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% |
THLV THOR Equal Weight Low Volatility ETF | 1.66% | 1.77% | 1.25% | 2.72% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
USMV vs. THLV - Drawdown Comparison
The maximum USMV drawdown since its inception was -33.10%, which is greater than THLV's maximum drawdown of -13.15%. Use the drawdown chart below to compare losses from any high point for USMV and THLV.
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Drawdown Indicators
| USMV | THLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.10% | -13.15% | -19.95% |
Max Drawdown (1Y)Largest decline over 1 year | -8.91% | -6.66% | -2.25% |
Max Drawdown (5Y)Largest decline over 5 years | -17.93% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.10% | — | — |
Current DrawdownCurrent decline from peak | -4.87% | -4.46% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -3.75% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 1.85% | +0.18% |
Volatility
USMV vs. THLV - Volatility Comparison
The current volatility for iShares MSCI USA Minimum Volatility Factor ETF (USMV) is 3.02%, while THOR Equal Weight Low Volatility ETF (THLV) has a volatility of 3.33%. This indicates that USMV experiences smaller price fluctuations and is considered to be less risky than THLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USMV | THLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.02% | 3.33% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 6.07% | 7.61% | -1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.50% | 11.29% | +1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.38% | 11.80% | +0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.51% | 11.80% | +2.71% |