VRVIX vs. USMV
VRVIX (Vanguard Russell 1000 Value Index Fund Institutional Shares) and USMV (iShares MSCI USA Min Vol Factor ETF) are both funds - VRVIX is a Large Cap Value Equities fund managed by Vanguard, while USMV is a Low Volatility fund tracking the MSCI USA Minimum Volatility Index. Over the past 10 years, VRVIX returned 11.52%/yr vs 9.63%/yr for USMV. Their correlation of 0.82 means they have usually moved in the same direction. VRVIX charges 0.07%/yr vs 0.15%/yr for USMV.
Performance
VRVIX vs. USMV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VRVIX achieves a 20.09% return, which is significantly higher than USMV's 4.76% return. Over the past 10 years, VRVIX has outperformed USMV with an annualized return of 11.52%, while USMV has yielded a comparatively lower 9.63% annualized return.
VRVIX
- 1D
- 0.49%
- 1M
- 1.49%
- 6M
- 14.86%
- YTD
- 20.09%
- 1Y
- 32.24%
- 3Y*
- 17.48%
- 5Y*
- 11.56%
- 10Y*
- 11.52%
- ALL TIME*
- 12.06%
USMV
- 1D
- 0.09%
- 1M
- 0.04%
- 6M
- 3.84%
- YTD
- 4.76%
- 1Y
- 7.68%
- 3Y*
- 11.04%
- 5Y*
- 6.87%
- 10Y*
- 9.63%
- ALL TIME*
- 11.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $217.70M | $221.64M | $218.77M | |
| $0.00 | $0.00 | $0.00 |
VRVIX vs. USMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VRVIX Vanguard Russell 1000 Value Index Fund Institutional Shares | 20.09% | 15.31% | 14.32% | 11.41% | -7.64% | 25.09% | 2.75% | 26.49% | -8.30% | 13.58% |
USMV iShares MSCI USA Min Vol Factor ETF | 4.76% | 7.65% | 15.74% | 10.33% | -9.43% | 20.85% | 5.64% | 27.69% | 1.33% | 18.91% |
Correlation
The correlation between VRVIX and USMV is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011 | 0.82 |
The correlation between VRVIX and USMV shifts across timeframes, from 0.64 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.
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
VRVIX vs. USMV — Risk / Return Rank
VRVIX
USMV
VRVIX vs. USMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 1000 Value Index Fund Institutional Shares (VRVIX) and iShares MSCI USA Min Vol Factor 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VRVIX | USMV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.15 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 4.35 | 1.15 | +3.20 |
| Martin ratioReturn relative to average drawdown | 18.59 | 3.74 | +14.86 |
Loading charts...
Drawdowns
VRVIX vs. USMV - Drawdown Comparison
The maximum VRVIX drawdown since its inception was -38.29%, which is greater than USMV's maximum drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for VRVIX and USMV.
Loading charts...
Drawdown Indicators
| VRVIX | USMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.29% | -33.10% | -5.19% |
Max Drawdown (1Y)Largest decline over 1 year | -6.80% | -6.46% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -16.00% | -9.36% | -6.64% |
Max Drawdown (5Y)Largest decline over 5 years | -19.06% | -17.93% | -1.13% |
Max Drawdown (10Y)Largest decline over 10 years | -38.29% | -33.10% | -5.19% |
Current DrawdownCurrent decline from peak | -0.54% | -0.64% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -3.88% | -2.86% | -1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 1.98% | -0.38% |
Volatility
VRVIX vs. USMV - Volatility Comparison
Vanguard Russell 1000 Value Index Fund Institutional Shares (VRVIX) and iShares MSCI USA Min Vol Factor ETF (USMV) have volatilities of 2.91% and 2.80%, 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.
Loading charts...
Volatility by Period
| VRVIX | USMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.91% | 2.80% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 8.74% | 6.44% | +2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.43% | 8.56% | +2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 12.38% | +2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.31% | 14.50% | +2.81% |
VRVIX vs. USMV - Expense Ratio Comparison
VRVIX has a 0.07% 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%.
Dividends
VRVIX vs. USMV - Dividend Comparison
VRVIX's dividend yield for the trailing twelve months is around 1.57%, more than USMV's 1.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USMV iShares MSCI USA Min Vol Factor ETF | 1.47% | 1.49% | 1.67% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% |
VRVIX Vanguard Russell 1000 Value Index Fund Institutional Shares | 1.57% | 1.41% | 1.98% | 2.10% | 2.24% | 1.69% | 2.25% | 2.30% | 2.60% | 2.21% | 2.43% | 2.42% |
Frequently Asked Questions
VRVIX and USMV have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VRVIX has higher volatility (2.91%) compared to USMV (2.80%). In terms of maximum drawdown, VRVIX dropped -38.29% vs USMV's -33.10%.
VRVIX currently has the higher Sharpe Ratio (2.59 vs 0.87), 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 VRVIX and USMV
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