VFMV vs. USMF

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard U.S. Minimum Volatility ETF (VFMV) and WisdomTree US Multifactor Fund (USMF).

VFMV and USMF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VFMV is an actively managed fund by Vanguard. It was launched on Feb 13, 2018. USMF is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree US Multifactor Index. It was launched on Jun 29, 2017.

Performance

VFMV vs. USMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard U.S. Minimum Volatility ETF (VFMV) and WisdomTree US Multifactor Fund (USMF). The values are adjusted to include any dividend payments, if applicable.

VFMV vs. USMF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VFMV Vanguard U.S. Minimum Volatility ETF	2.90%	10.52%	16.91%	8.86%	-5.73%	20.75%	-0.19%	27.26%	-1.10%
USMF WisdomTree US Multifactor Fund	-3.32%	4.60%	19.65%	13.47%	-8.82%	21.26%	12.01%	24.06%	-6.17%

Returns By Period

In the year-to-date period, VFMV achieves a 2.90% return, which is significantly higher than USMF's -3.32% return.

VFMV

• 1D: 0.35%
• 1M: -4.26%
• YTD: 2.90%
• 6M: 3.50%
• 1Y: 7.75%
• 3Y*: 12.83%
• 5Y*: 9.31%
• 10Y*: —

USMF

• 1D: 1.60%
• 1M: -3.99%
• YTD: -3.32%
• 6M: -4.86%
• 1Y: 0.89%
• 3Y*: 11.09%
• 5Y*: 6.81%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VFMV vs. USMF - Expense Ratio Comparison

VFMV has a 0.13% expense ratio, which is lower than USMF's 0.28% expense ratio.

USMF

WisdomTree US Multifactor Fund

VFMV

Vanguard U.S. Minimum Volatility ETF

Return for Risk

VFMV vs. USMF — Risk / Return Rank

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

VFMV

VFMV Risk / Return Rank: 33
VFMV Sharpe Ratio Rank: 32
VFMV Sortino Ratio Rank: 30
VFMV Omega Ratio Rank: 31
VFMV Calmar Ratio Rank: 31
VFMV Martin Ratio Rank: 39

USMF

USMF Risk / Return Rank: 14
USMF Sharpe Ratio Rank: 14
USMF Sortino Ratio Rank: 13
USMF Omega Ratio Rank: 13
USMF Calmar Ratio Rank: 14
USMF Martin Ratio Rank: 16

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.

VFMV vs. USMF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Minimum Volatility ETF (VFMV) and WisdomTree US Multifactor Fund (USMF). 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.

	VFMV	USMF	Difference
Sharpe ratio Return per unit of total volatility	0.63	0.06	+0.58
Sortino ratio Return per unit of downside risk	0.94	0.19	+0.75
Omega ratio Gain probability vs. loss probability	1.13	1.03	+0.11
Calmar ratio Return relative to maximum drawdown	0.80	0.13	+0.67
Martin ratio Return relative to average drawdown	3.69	0.54	+3.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VFMV vs. USMF - Sharpe Ratio Comparison

The current VFMV Sharpe Ratio is 0.63, which is higher than the USMF Sharpe Ratio of 0.06. The chart below compares the historical Sharpe Ratios of VFMV and USMF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VFMV	USMF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.63	0.06	+0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.48	+0.32
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.58	+0.08

Correlation

The correlation between VFMV and USMF is 0.89, 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

VFMV vs. USMF - Dividend Comparison

VFMV's dividend yield for the trailing twelve months is around 2.04%, more than USMF's 1.42% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
VFMV Vanguard U.S. Minimum Volatility ETF	2.04%	2.12%	1.46%	2.20%	2.08%	1.31%	2.14%	2.43%	2.29%	0.00%
USMF WisdomTree US Multifactor Fund	1.42%	1.37%	1.22%	1.33%	1.74%	1.42%	1.34%	1.38%	1.45%	0.67%

Drawdowns

VFMV vs. USMF - Drawdown Comparison

The maximum VFMV drawdown since its inception was -33.64%, smaller than the maximum USMF drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for VFMV and USMF.

Drawdown Indicators

	VFMV	USMF	Difference
Max Drawdown Largest peak-to-trough decline	-33.64%	-36.24%	+2.60%
Max Drawdown (1Y) Largest decline over 1 year	-9.63%	-11.36%	+1.73%
Max Drawdown (5Y) Largest decline over 5 years	-15.41%	-18.10%	+2.69%
Current Drawdown Current decline from peak	-4.26%	-4.96%	+0.70%
Average Drawdown Average peak-to-trough decline	-3.69%	-4.22%	+0.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	2.73%	-0.64%

Volatility

VFMV vs. USMF - Volatility Comparison

Vanguard U.S. Minimum Volatility ETF (VFMV) and WisdomTree US Multifactor Fund (USMF) have volatilities of 3.43% and 3.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VFMV	USMF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	3.43%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	6.62%	7.76%	-1.14%
Volatility (1Y) Calculated over the trailing 1-year period	12.28%	15.33%	-3.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.77%	14.30%	-2.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.34%	17.08%	-2.74%