XSLV vs. USMV
Compare and contrast key facts about Invesco S&P SmallCap Low Volatility ETF (XSLV) and iShares Edge MSCI Min Vol USA ETF (USMV).
XSLV and USMV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XSLV is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 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 XSLV 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: XSLV or USMV.
Key characteristics
| XSLV | USMV | |
|---|---|---|
| YTD Return | 16.00% | 21.29% |
| 1Y Return | 31.73% | 29.85% |
| 3Y Return (Ann) | 1.75% | 8.15% |
| 5Y Return (Ann) | 2.51% | 9.98% |
| 10Y Return (Ann) | 6.77% | 11.01% |
| Sharpe Ratio | 1.87 | 3.41 |
| Sortino Ratio | 2.83 | 4.82 |
| Omega Ratio | 1.34 | 1.65 |
| Calmar Ratio | 1.41 | 4.23 |
| Martin Ratio | 11.26 | 22.44 |
| Ulcer Index | 2.76% | 1.28% |
| Daily Std Dev | 16.65% | 8.45% |
| Max Drawdown | -44.34% | -33.10% |
| Current Drawdown | -0.61% | 0.00% |
Correlation
The correlation between XSLV and USMV is 0.71, 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
XSLV vs. USMV - Performance Comparison
In the year-to-date period, XSLV achieves a 16.00% return, which is significantly lower than USMV's 21.29% return. Over the past 10 years, XSLV has underperformed USMV with an annualized return of 6.77%, while USMV has yielded a comparatively higher 11.01% 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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XSLV vs. USMV - Expense Ratio Comparison
XSLV 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
XSLV vs. USMV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Low Volatility ETF (XSLV) 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
XSLV vs. USMV - Dividend Comparison
XSLV's dividend yield for the trailing twelve months is around 1.90%, more than USMV's 1.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XSLV Invesco S&P SmallCap Low Volatility ETF | 1.90% | 2.35% | 2.79% | 1.05% | 2.48% | 2.43% | 2.75% | 1.87% | 1.96% | 2.20% | 2.38% | 1.58% |
USMV iShares Edge MSCI Min Vol USA ETF | 1.60% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% | 1.88% | 2.18% |
Drawdowns
XSLV vs. USMV - Drawdown Comparison
The maximum XSLV drawdown since its inception was -44.34%, which is greater than USMV's maximum drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for XSLV and USMV. For additional features, visit the drawdowns tool.
Volatility
XSLV vs. USMV - Volatility Comparison
Invesco S&P SmallCap Low Volatility ETF (XSLV) has a higher volatility of 7.09% compared to iShares Edge MSCI Min Vol USA ETF (USMV) at 2.89%. This indicates that XSLV'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.