VFMV vs. USML
Compare and contrast key facts about Vanguard U.S. Minimum Volatility ETF (VFMV) and ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML).
VFMV and USML are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VFMV is managed by Vanguard. It was launched on Feb 13, 2018. USML is a passively managed fund by UBS that tracks the performance of the MSCI USA Minimum Volatility Index. It was launched on Feb 4, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VFMV or USML.
Key characteristics
| VFMV | USML | |
|---|---|---|
| YTD Return | 4.80% | 6.83% |
| 1Y Return | 14.36% | 19.70% |
| 3Y Return (Ann) | 6.29% | 4.86% |
| Sharpe Ratio | 1.47 | 0.99 |
| Daily Std Dev | 9.08% | 16.91% |
| Max Drawdown | -33.64% | -35.34% |
| Current Drawdown | -2.33% | -8.58% |
Correlation
The correlation between VFMV and USML is 0.93, 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.
Performance
VFMV vs. USML - Performance Comparison
In the year-to-date period, VFMV achieves a 4.80% return, which is significantly lower than USML's 6.83% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VFMV vs. USML - Expense Ratio Comparison
VFMV has a 0.13% expense ratio, which is lower than USML's 0.95% expense ratio.
Risk-Adjusted Performance
VFMV vs. USML - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Minimum Volatility ETF (VFMV) and ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML). 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
VFMV vs. USML - Dividend Comparison
VFMV's dividend yield for the trailing twelve months is around 1.78%, while USML has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
VFMV Vanguard U.S. Minimum Volatility ETF | 1.78% | 2.20% | 2.08% | 1.31% | 2.14% | 2.43% | 2.29% |
USML ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VFMV vs. USML - Drawdown Comparison
The maximum VFMV drawdown since its inception was -33.64%, roughly equal to the maximum USML drawdown of -35.34%. Use the drawdown chart below to compare losses from any high point for VFMV and USML. For additional features, visit the drawdowns tool.
Volatility
VFMV vs. USML - Volatility Comparison
The current volatility for Vanguard U.S. Minimum Volatility ETF (VFMV) is 2.67%, while ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML) has a volatility of 4.85%. This indicates that VFMV experiences smaller price fluctuations and is considered to be less risky than USML based on this measure. The chart below showcases a comparison of their rolling one-month volatility.