USMV vs SPY
Comparison between ISHARES MSCI USA MIN VOL FACTOR ETF (USMV, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed USMV, delivering a return of +13.2% compared to +7.3%
USMV vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
USMV
$23B
Winner
SPY
$781B
Expense Ratio
USMV
0.15%
Winner
SPY
0.09%
Max Drawdown
Winner
USMV
33.10%
SPY
56.47%
Sharpe Ratio
USMV
0.68
Winner
SPY
1.43
5Y Beta
Winner
USMV
0.46
SPY
1.00
P/E Ratio
Winner
USMV
23.99
SPY
26.48
Forward P/E
Winner
USMV
19.97
SPY
20.89
PEG Ratio
Winner
USMV
0.21
SPY
0.30
5Y Dividends CAGR
USMV
4.73%
Winner
SPY
6.00%
5Y EPS CAGR
USMV
18.40%
Winner
SPY
26.40%
Debt to Equity
Winner
USMV
26.58%
SPY
48.17%
P/S Ratio
Winner
USMV
2.38
SPY
3.72
P/B Ratio
Winner
USMV
4.48
SPY
5.55
USMV vs SPY - Holdings Comparison
USMV and SPY have 150 common holdings. Overlap is 34.93%
USMV's top 25 holdings weight is 34.25%. SPY's top 25 holdings weight is 51.49%.
| Rank | USMV | SPY |
|---|---|---|
| #1 | WELLTOWER INC (WELL) - 1.67% | NVIDIA CORP (NVDA) - 7.76% |
| #2 | CHUBB LTD (CB) - 1.58% | APPLE INC (AAPL) - 7.44% |
| #3 | AMPHENOL CORP CLASS A (APH) - 1.57% | MICROSOFT CORP (MSFT) - 4.56% |
| #4 | JOHNSON & JOHNSON (JNJ) - 1.52% | AMAZON.COM INC (AMZN) - 3.74% |
| #5 | VERTEX PHARMACEUTICALS INC (VRTX) - 1.49% | ALPHABET INC CLASS A (GOOGL) - 3.14% |
| #6 | DUKE ENERGY CORP (DUK) - 1.47% | BROADCOM INC (AVGO) - 2.83% |
| #7 | SOUTHERN CO (SO) - 1.45% | ALPHABET INC CLASS C (GOOG) - 2.53% |
| #8 | WASTE MANAGEMENT INC (WM) - 1.44% | META PLATFORMS INC CLASS A (META) - 2.18% |
| #9 | CISCO SYSTEMS INC (CSCO) - 1.44% | MICRON TECHNOLOGY INC (MU) - 1.69% |
| #10 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% | TESLA INC (TSLA) - 1.65% |
| #11 | MICROSOFT CORP (MSFT) - 1.41% | ELI LILLY AND CO (LLY) - 1.44% |
| #12 | NVIDIA CORP (NVDA) - 1.39% | JPMORGAN CHASE & CO (JPM) - 1.43% |
| #13 | EXXONMOBIL HOLDINGS CORP (XOM) - 1.38% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.39% |
| #14 | MERCK & CO INC (MRK) - 1.32% | ADVANCED MICRO DEVICES INC (AMD) - 1.37% |
| #15 | VERIZON COMMUNICATIONS INC (VZ) - 1.32% | EXXONMOBIL HOLDINGS CORP (XOM) - 0.97% |
| #16 | MOTOROLA SOLUTIONS INC (MSI) - 1.31% | JOHNSON & JOHNSON (JNJ) - 0.93% |
| #17 | MCKESSON CORP (MCK) - 1.30% | VISA INC CLASS A (V) - 0.91% |
| #18 | WASTE CONNECTIONS INC (WCN) - 1.28% | INTEL CORP (INTC) - 0.77% |
| #19 | CONSOLIDATED EDISON INC (ED) - 1.26% | WALMART INC (WMT) - 0.75% |
| #20 | REPUBLIC SERVICES INC (RSG) - 1.26% | ABBVIE INC (ABBV) - 0.70% |
| #21 | CENCORA INC (COR) - 1.23% | APPLIED MATERIALS INC (AMAT) - 0.69% |
| #22 | COCA-COLA CO (KO) - 1.21% | CISCO SYSTEMS INC (CSCO) - 0.68% |
| #23 | NEWMONT CORP (NEM) - 1.21% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #24 | MASTERCARD INC CLASS A (MA) - 1.20% | COSTCO WHOLESALE CORP (COST) - 0.64% |
| #25 | T-MOBILE US INC (TMUS) - 1.11% | CATERPILLAR INC (CAT) - 0.63% |
| Total Holdings | 169 | 505 |
USMV vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
USMV
+2.16%
Winner
SPY
+2.30%
3M
Winner
USMV
+6.73%
SPY
+5.00%
6M
USMV
+4.89%
Winner
SPY
+11.88%
1Y
USMV
+9.09%
Winner
SPY
+22.80%
5Y(CAGR)
USMV
+7.25%
Winner
SPY
+13.20%
10Y(CAGR)
USMV
+9.88%
Winner
SPY
+15.26%
Max(CAGR)
Winner
USMV
+11.79%
SPY
+8.59%
USMV vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | USMV | SPY |
|---|---|---|
| 2026 | +7.55% | +13.10% |
| 2025 | +7.81% | +18.00% |
| 2024 | +15.30% | +25.59% |
| 2023 | +10.24% | +26.72% |
| 2022 | -8.86% | -18.64% |
| 2021 | +22.56% | +30.52% |
| 2020 | +5.60% | +17.28% |
| 2019 | +28.82% | +31.09% |
| 2018 | +1.39% | -5.24% |
| 2017 | +18.60% | +20.78% |
| 2016 | +11.96% | +13.59% |
| 2015 | +5.37% | +1.31% |
| 2014 | +17.49% | +14.56% |
| 2013 | +22.60% | +29.00% |
| 2012 | +10.87% | +14.17% |
| 2011 | +5.67% | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
USMV vs SPY Drawdown Comparison
The maximum drawdown for USMV was -33.10%, occurring on Mar 23, 2020. Recovery took 227 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current SPY drawdown is -0.36%.
| Rank | USMV | SPY |
|---|---|---|
| #1 | -33.10% Feb 14, 2020 - Jan 8, 2021 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -17.92% Dec 29, 2021 - Jan 2, 2024 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -12.69% Sep 21, 2018 - Feb 15, 2019 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -9.50% Aug 17, 2015 - Dec 29, 2015 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -9.36% Feb 28, 2025 - May 19, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -9.17% Jan 26, 2018 - Jul 25, 2018 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -7.31% Jul 22, 2016 - Feb 13, 2017 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -7.14% Dec 29, 2015 - Mar 3, 2016 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -6.86% Nov 26, 2024 - Feb 28, 2025 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -6.64% May 15, 2013 - Sep 18, 2013 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -6.46% Feb 27, 2026 - Jul 2, 2026 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -6.03% Sep 2, 2021 - Nov 3, 2021 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -5.94% Oct 5, 2012 - Jan 10, 2013 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -5.38% Nov 11, 2011 - Dec 6, 2011 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -5.13% Dec 31, 2013 - Feb 18, 2014 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between USMV and SPY is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (1999 - 2026)
USMV vs SPY dividend yield comparison.
| Year | USMV | SPY |
|---|---|---|
| 2026 | 0.69% | 0.48% |
| 2025 | 1.49% | 1.07% |
| 2024 | 1.67% | 1.21% |
| 2023 | 1.82% | 1.40% |
| 2022 | 1.62% | 1.65% |
| 2021 | 1.26% | 1.20% |
| 2020 | 1.81% | 1.52% |
| 2019 | 1.88% | 1.75% |
| 2018 | 2.12% | 2.04% |
| 2017 | 1.77% | 1.80% |
| 2016 | 2.22% | 2.03% |
| 2015 | 2.02% | 2.06% |
| 2014 | 1.88% | 1.87% |
| 2013 | 2.18% | 1.81% |
| 2012 | 1.96% | 2.18% |
| 2011 | 0.29% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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