YAFFX vs. USMV
Compare and contrast key facts about AMG Yacktman Focused Fund (YAFFX) and iShares MSCI USA Minimum Volatility Factor ETF (USMV).
YAFFX is managed by AMG. It was launched on May 1, 1997. 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.
Performance
YAFFX vs. USMV - Performance Comparison
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YAFFX vs. USMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
YAFFX AMG Yacktman Focused Fund | 10.26% | 3.89% | 9.30% | 16.53% | -8.20% | 16.48% | 17.22% | 19.21% | 2.99% | 20.07% |
USMV iShares MSCI USA Minimum Volatility Factor ETF | -1.18% | 7.65% | 15.74% | 10.33% | -9.43% | 20.85% | 5.64% | 27.69% | 1.33% | 18.91% |
Returns By Period
In the year-to-date period, YAFFX achieves a 10.26% return, which is significantly higher than USMV's -1.18% return. Over the past 10 years, YAFFX has outperformed USMV with an annualized return of 11.08%, while USMV has yielded a comparatively lower 9.64% annualized return.
YAFFX
- 1D
- 1.53%
- 1M
- -7.23%
- YTD
- 10.26%
- 6M
- 0.19%
- 1Y
- 12.84%
- 3Y*
- 12.23%
- 5Y*
- 7.51%
- 10Y*
- 11.08%
USMV
- 1D
- -0.08%
- 1M
- -4.74%
- YTD
- -1.18%
- 6M
- -1.61%
- 1Y
- 0.57%
- 3Y*
- 10.26%
- 5Y*
- 7.59%
- 10Y*
- 9.64%
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YAFFX vs. USMV - Expense Ratio Comparison
YAFFX has a 1.25% expense ratio, which is higher than USMV's 0.15% expense ratio.
Return for Risk
YAFFX vs. USMV — Risk / Return Rank
YAFFX
USMV
YAFFX vs. USMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG Yacktman Focused Fund (YAFFX) and iShares MSCI USA Minimum Volatility 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.
| YAFFX | USMV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.58 | 0.05 | +0.53 |
Sortino ratioReturn per unit of downside risk | 0.76 | 0.15 | +0.61 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.02 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.65 | 0.06 | +0.60 |
Martin ratioReturn relative to average drawdown | 2.29 | 0.25 | +2.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| YAFFX | USMV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 0.05 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.62 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.67 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.85 | -0.27 |
Correlation
The correlation between YAFFX and USMV is 0.73, 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.
Dividends
YAFFX vs. USMV - Dividend Comparison
YAFFX has not paid dividends to shareholders, while USMV's dividend yield for the trailing twelve months is around 1.59%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
YAFFX AMG Yacktman Focused Fund | 0.00% | 0.00% | 18.44% | 4.42% | 7.60% | 4.70% | 11.87% | 15.84% | 22.15% | 11.82% | 11.81% | 24.36% |
USMV iShares MSCI USA Minimum Volatility Factor ETF | 1.59% | 1.49% | 1.67% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% |
Drawdowns
YAFFX vs. USMV - Drawdown Comparison
The maximum YAFFX drawdown since its inception was -43.80%, which is greater than USMV's maximum drawdown of -33.10%. Use the drawdown chart below to compare losses from any high point for YAFFX and USMV.
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Drawdown Indicators
| YAFFX | USMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.80% | -33.10% | -10.70% |
Max Drawdown (1Y)Largest decline over 1 year | -17.08% | -8.91% | -8.17% |
Max Drawdown (5Y)Largest decline over 5 years | -21.31% | -17.93% | -3.38% |
Max Drawdown (10Y)Largest decline over 10 years | -30.62% | -33.10% | +2.48% |
Current DrawdownCurrent decline from peak | -7.31% | -4.87% | -2.44% |
Average DrawdownAverage peak-to-trough decline | -6.24% | -2.88% | -3.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.85% | 2.03% | +2.82% |
Volatility
YAFFX vs. USMV - Volatility Comparison
AMG Yacktman Focused Fund (YAFFX) has a higher volatility of 8.00% compared to iShares MSCI USA Minimum Volatility Factor ETF (USMV) at 3.02%. This indicates that YAFFX'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.
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Volatility by Period
| YAFFX | USMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.00% | 3.02% | +4.98% |
Volatility (6M)Calculated over the trailing 6-month period | 21.56% | 6.07% | +15.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.92% | 12.50% | +10.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | 12.38% | +5.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 14.51% | +1.89% |