XMLV vs. USMV
Compare and contrast key facts about Invesco S&P MidCap Low Volatility ETF (XMLV) and iShares Edge MSCI Min Vol USA ETF (USMV).
XMLV and USMV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XMLV is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Low Volatility Index. It was launched on Feb 15, 2013. 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. Both XMLV and USMV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XMLV or USMV.
Key characteristics
| XMLV | USMV | |
|---|---|---|
| YTD Return | 23.09% | 20.86% |
| 1Y Return | 33.75% | 28.25% |
| 3Y Return (Ann) | 6.55% | 7.87% |
| 5Y Return (Ann) | 6.17% | 9.77% |
| 10Y Return (Ann) | 9.44% | 10.98% |
| Sharpe Ratio | 2.72 | 3.38 |
| Sortino Ratio | 3.99 | 4.78 |
| Omega Ratio | 1.49 | 1.64 |
| Calmar Ratio | 2.68 | 4.72 |
| Martin Ratio | 19.61 | 22.01 |
| Ulcer Index | 1.71% | 1.28% |
| Daily Std Dev | 12.30% | 8.38% |
| Max Drawdown | -39.86% | -33.10% |
| Current Drawdown | -0.53% | -0.35% |
Correlation
The correlation between XMLV and USMV is 0.83, 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
XMLV vs. USMV - Performance Comparison
In the year-to-date period, XMLV achieves a 23.09% return, which is significantly higher than USMV's 20.86% return. Over the past 10 years, XMLV has underperformed USMV with an annualized return of 9.44%, while USMV has yielded a comparatively higher 10.98% annualized 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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XMLV vs. USMV - Expense Ratio Comparison
XMLV has a 0.25% expense ratio, which is higher than USMV's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
XMLV vs. USMV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Low Volatility ETF (XMLV) 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
XMLV vs. USMV - Dividend Comparison
XMLV's dividend yield for the trailing twelve months is around 1.86%, more than USMV's 1.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMLV Invesco S&P MidCap Low Volatility ETF | 1.86% | 2.34% | 2.05% | 1.14% | 1.93% | 2.02% | 2.12% | 1.74% | 1.72% | 1.85% | 2.00% | 1.62% |
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
XMLV vs. USMV - Drawdown Comparison
The maximum XMLV drawdown since its inception was -39.86%, which is greater than USMV's maximum drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for XMLV and USMV. For additional features, visit the drawdowns tool.
Volatility
XMLV vs. USMV - Volatility Comparison
Invesco S&P MidCap Low Volatility ETF (XMLV) has a higher volatility of 4.32% compared to iShares Edge MSCI Min Vol USA ETF (USMV) at 2.77%. This indicates that XMLV's price experiences larger fluctuations and is considered to be riskier than USMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.