VFMV vs. USMV
Compare and contrast key facts about Vanguard U.S. Minimum Volatility ETF (VFMV) and iShares Edge MSCI Min Vol USA ETF (USMV).
VFMV and USMV 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. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VFMV or USMV.
Performance
VFMV vs. USMV - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with VFMV having a 21.43% return and USMV slightly lower at 20.62%.
VFMV
21.43%
2.93%
13.12%
26.73%
9.11%
N/A
USMV
20.62%
0.94%
13.07%
24.93%
9.64%
10.83%
Key characteristics
| VFMV | USMV | |
|---|---|---|
| Sharpe Ratio | 3.04 | 3.02 |
| Sortino Ratio | 4.24 | 4.24 |
| Omega Ratio | 1.55 | 1.56 |
| Calmar Ratio | 6.28 | 5.89 |
| Martin Ratio | 22.44 | 19.59 |
| Ulcer Index | 1.22% | 1.32% |
| Daily Std Dev | 9.05% | 8.55% |
| Max Drawdown | -33.64% | -33.10% |
| Current Drawdown | -0.31% | -0.55% |
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VFMV vs. USMV - Expense Ratio Comparison
VFMV has a 0.13% expense ratio, which is lower than USMV's 0.15% 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 VFMV and USMV is 0.91, 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
VFMV vs. USMV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Minimum Volatility ETF (VFMV) and iShares Edge MSCI Min Vol USA ETF (USMV). 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. USMV - Dividend Comparison
VFMV's dividend yield for the trailing twelve months is around 1.44%, less than USMV's 1.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFMV Vanguard U.S. Minimum Volatility ETF | 1.44% | 2.20% | 2.08% | 1.31% | 2.14% | 2.43% | 2.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USMV iShares Edge MSCI Min Vol USA ETF | 1.61% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% | 1.88% | 2.18% |
Drawdowns
VFMV vs. USMV - Drawdown Comparison
The maximum VFMV drawdown since its inception was -33.64%, roughly equal to the maximum USMV drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for VFMV and USMV. For additional features, visit the drawdowns tool.
Volatility
VFMV vs. USMV - Volatility Comparison
Vanguard U.S. Minimum Volatility ETF (VFMV) and iShares Edge MSCI Min Vol USA ETF (USMV) have volatilities of 3.35% and 3.32%, 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.