USMV vs. USDU
USMV (iShares MSCI USA Min Vol Factor ETF) and USDU (WisdomTree Bloomberg U.S. Dollar Bullish Fund) are both exchange-traded funds - USMV is a Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility Index, while USDU is a Currency fund actively managed by WisdomTree. USMV is passively managed, while USDU is actively managed. Over the past 10 years, USMV returned 9.75%/yr vs 2.77%/yr for USDU. At a correlation of -0.19, they often move in opposite directions. USMV charges 0.15%/yr vs 0.51%/yr for USDU.
Performance
USMV vs. USDU - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, USMV achieves a 1.55% return, which is significantly lower than USDU's 2.56% return. Over the past 10 years, USMV has outperformed USDU with an annualized return of 9.75%, while USDU has yielded a comparatively lower 2.77% annualized 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%
USDU
- 1D
- -0.08%
- 1M
- 2.52%
- YTD
- 2.56%
- 6M
- 2.09%
- 1Y
- 5.00%
- 3Y*
- 4.92%
- 5Y*
- 5.68%
- 10Y*
- 2.77%
USMV vs. USDU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USMV iShares MSCI USA Min Vol Factor ETF | 1.55% | 7.65% | 15.74% | 10.33% | -9.43% | 20.85% | 5.64% | 27.69% | 1.33% | 18.91% |
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 2.56% | -3.14% | 14.56% | 3.10% | 7.67% | 4.07% | -5.43% | 1.54% | 5.40% | -7.44% |
Correlation
The correlation between USMV and USDU is -0.25, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.23 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2013 | -0.19 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
USMV vs. USDU — Risk / Return Rank
USMV
USDU
USMV vs. USDU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Min Vol Factor ETF (USMV) and WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU). 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 | USDU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.16 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 1.38 | -0.88 |
| Martin ratioReturn relative to average drawdown | 1.64 | 3.74 | -2.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| USMV | USDU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 0.89 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.86 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.37 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.44 | +0.42 |
Drawdowns
USMV vs. USDU - Drawdown Comparison
The maximum USMV drawdown since its inception was -33.10%, which is greater than USDU's maximum drawdown of -14.54%. Use the drawdown chart below to compare losses from any high point for USMV and USDU.
Loading charts...
Drawdown Indicators
| USMV | USDU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.10% | -14.54% | -18.56% |
Max Drawdown (1Y)Largest decline over 1 year | -6.46% | -3.64% | -2.82% |
Max Drawdown (3Y)Largest decline over 3 years | -9.36% | -7.73% | -1.63% |
Max Drawdown (5Y)Largest decline over 5 years | -17.93% | -9.28% | -8.65% |
Max Drawdown (10Y)Largest decline over 10 years | -33.10% | -14.54% | -18.56% |
Current DrawdownCurrent decline from peak | -2.24% | -1.62% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -4.72% | +1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 1.34% | +0.60% |
Volatility
USMV vs. USDU - Volatility Comparison
iShares MSCI USA Min Vol Factor ETF (USMV) has a higher volatility of 2.65% compared to WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) at 1.28%. This indicates that USMV's price experiences larger fluctuations and is considered to be riskier than USDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| USMV | USDU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 1.28% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 6.02% | 4.36% | +1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.57% | 5.67% | +2.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.36% | 6.63% | +5.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.51% | 7.46% | +7.05% |
USMV vs. USDU - Expense Ratio Comparison
USMV has a 0.15% expense ratio, which is lower than USDU's 0.51% expense ratio.
Dividends
USMV vs. USDU - Dividend Comparison
USMV's dividend yield for the trailing twelve months is around 1.54%, less than USDU's 3.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 3.74% | 3.83% | 3.97% | 6.99% | 7.83% | 0.00% | 0.69% | 3.06% | 0.88% | 0.00% | 0.00% | 6.48% |
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 USDU have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USMV has higher volatility (2.65%) compared to USDU (1.28%). In terms of maximum drawdown, USMV dropped -33.10% vs USDU's -14.54%.
On 10-year performance, USMV leads with 9.75% vs 2.77% for USDU. On fees, USMV is cheaper at 0.15% per year. On volatility, USDU has been the lower-risk option at 1.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, USMV has performed better with a 9.75% return vs 2.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USMV is cheaper with a 0.15% expense ratio, compared with 0.51% for USDU.
USDU has the higher dividend yield at 3.74%, compared with 1.54% for USMV.
USMV is categorized as Large Cap Blend Equities, while USDU is Currency. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.15% for USMV and 0.51% for USDU.
USDU currently has the higher Sharpe Ratio (0.89 vs 0.37), 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.
Find the right allocation for USMV and USDU
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer