Tearsheet

iShares MSCI USA Min Vol Factor ETF (USMV)

Market Price (5/23/2026): $96.88

iShares MSCI USA Min Vol Factor ETF (USMV)

Market Price (5/23/2026): $96.88

Asset Allocation with USMV

	ETF	1D	1W	1M	YTD
Equity	USMV	0.9%	2.3%	2.7%	2.9%
Bond	BND	0.1%	0.4%	-0.7%	-0.2%
Gold	GLD	-0.8%	-0.8%	-4.0%	4.4%
Commodity	DBC	-0.5%	-2.1%	2.2%	36.6%
Real Estate	VNQ	0.1%	3.0%	1.3%	10.5%
Bitcoin	BTCUSD	-0.2%	-2.1%	-1.1%	-11.5%
Cash	GOVT	0.1%	0.4%	-1.0%	-0.8%

	ETF	Return	Volatility	Sharpe
Equity	USMV	9.7%	12.3%	59.7%
Bond	BND	1.6%	5.2%	-20.7%
Gold	GLD	13.0%	15.1%	67.2%
Commodity	DBC	7.7%	16.7%	37.4%
Real Estate	VNQ	5.5%	17.7%	23.0%
Bitcoin	BTCUSD	67.1%	76.6%	100.8%
Cash	GOVT	0.5%	5.0%	-43.0%

Figures are on an annualized basis, based on monthly return data for the last 10 years

	ETF	Inflation Shock	Covid Pandemic	2018 Correction
Equity	USMV	-16.0%	-31.3%	-13.4%
Bond	BND	-14.2%	-2.2%	1.3%
Gold	GLD	-7.7%	-6.3%	5.0%
Commodity	DBC	20.5%	-23.7%	-17.5%
Real Estate	VNQ	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	-56.0%	-33.5%	-37.4%
Cash	GOVT	-12.4%	4.4%	1.6%

The table shows the return of different asset classes during market crises - specifically during the period where the S&P fell and bottomed

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Price Chart

ETF Price
Price/Gold

Valuation & Yield

	5/23/26	2025	2024	2023	2022	2021
Share Price CYE	$96.88	$94.16	$87.47	$75.57	$68.50	$75.63
Dividend/Share TTM	$1.08	$1.40	$1.49	$1.42	$1.17	$1.02
Valuation [1]
P/S TTM	2.21	2.28	2.28	2.13	2.01	2.43
P/E TTM	22.41	23.87	26.17	23.02	23.96	25.83
Yields TTM
Earnings Yield	4.46%	4.19%	3.82%	4.34%	4.17%	3.87%
Dividend Yield	1.11%	1.49%	1.70%	1.88%	1.71%	1.35%
Total Yield (TY)	5.57%	5.68%	5.52%	6.22%	5.88%	5.22%
Risk Premium [2]
Risk Free Rate (Rf)	4.57%	4.18%	4.58%	3.88%	3.88%	1.52%
Risk Prem. (TY - Rf)	1.00%	1.50%	0.94%	2.34%	2.00%	3.70%

[1] P/E uses aggregate method (profitable constituents only); P/S uses all constituents. Ratios reflect current ETF holdings at current weights.
[2] The premium above the risk free rate (US 10Y) offered by the investment. Negative premiums can indicate stretched valuations.

Top 20 Holdings for USMV

Total Weights
Top 5: 8.8% | Top 10: 16.1% | Top 20: 27.7%

Ticker	Holding	Weight
CSCO	Cisco Systems	2.27%
NVDA	NVIDIA	1.93%
XOM	Exxon Mobil	1.58%
MSFT	Microsoft	1.56%
DUK	Duke Energy	1.48%
SO	Southern	1.48%
null	N/A	1.46%
VZ	Verizon Communications	1.45%
BRK-B	Berkshire Hathaway	1.44%
JNJ	Johnson & Johnson	1.43%
VRTX	Vertex Pharmaceuticals	1.43%
WM	Waste Management	1.38%
MSI	Motorola Solutions	1.32%
APH	Amphenol	1.31%
ED	Consolidated Edison	1.29%
RSG	Republic Services	1.25%
NEM	Newmont	1.23%
KO	Coca-Cola	1.22%
MRK	Merck	1.21%

Performance for USMV Top Holdings

Ticker	Holding	Weight	Mkt Price 5/22	1D Rtn	1M Rtn	YTD Rtn	1Y Rtn	3Y Rtn	5Y Rtn	10Y Rtn
USMV	iShares MSCI USA Min Vol Factor ETF	100.00%	96.88	0.9%	3.0%	2.9%	5.9%	40.5%	44.4%	153.5%
CSCO	Cisco Systems	2.27%	120.41	1.9%	34.1%	58.0%	94.4%	167.5%	165.0%	472.2%
NVDA	NVIDIA	1.93%	215.33	-1.9%	6.3%	15.5%	62.1%	602.3%	1,339.9%	19,241.6%
XOM	Exxon Mobil	1.58%	154.92	-0.2%	4.3%	30.5%	55.2%	61.0%	216.0%	166.7%
MSFT	Microsoft	1.56%	418.57	-0.1%	-3.1%	-13.1%	-7.2%	35.9%	77.9%	817.7%
DUK	Duke Energy	1.48%	125.67	0.8%	1.2%	9.1%	12.5%	55.4%	48.2%	145.3%
SO	Southern	1.48%	94.55	0.3%	3.8%	10.2%	9.9%	47.7%	76.6%	195.1%
null	N/A	1.46%
VZ	Verizon Communications	1.45%	48.35	0.2%	5.2%	22.6%	19.7%	63.3%	15.9%	65.8%
BRK-B	Berkshire Hathaway	1.44%	486.38	1.3%	4.5%	-3.2%	-3.4%	50.5%	69.0%	238.4%
JNJ	Johnson & Johnson	1.43%	234.34	1.1%	3.6%	13.8%	57.8%	62.2%	57.8%	171.8%
VRTX	Vertex Pharmaceuticals	1.43%	434.52	0.2%	-0.7%	-4.2%	0.1%	30.3%	103.6%	391.4%
WM	Waste Management	1.38%	217.90	0.1%	-2.7%	-0.4%	-5.2%	40.2%	67.1%	328.5%
MSI	Motorola Solutions	1.32%	404.08	1.0%	-8.5%	5.7%	-3.1%	46.3%	112.2%	575.7%
APH	Amphenol	1.31%	132.06	5.8%	-10.8%	-2.1%	56.0%	262.8%	316.7%	906.8%
ED	Consolidated Edison	1.29%	108.54	1.1%	1.2%	11.1%	8.4%	28.2%	63.7%	115.2%
RSG	Republic Services	1.25%	208.93	0.4%	1.8%	-0.8%	-15.8%	51.6%	103.4%	410.6%
NEM	Newmont	1.23%	107.64	-0.6%	-3.8%	8.0%	107.1%	172.7%	70.1%	332.6%
KO	Coca-Cola	1.22%	81.48	0.4%	9.2%	17.4%	17.9%	45.1%	73.1%	151.2%
MRK	Merck	1.21%	122.41	5.6%	8.4%	17.2%	63.0%	18.5%	89.5%	213.6%

Guidance Updates for USMV Top Holdings

	Ticker	Company	Earnings Date	Guidance Metric	Midpoint Value	% Change	Guidance Change
APH_4292026	APH	Amphenol	4/29/2026	Q2 2026 Revenue	8.15 Bil	17.3%	Higher NewNew Guidance Higher than Prior Actual of 6.95 Bil for Q1 2026
NVDA_5202026	NVDA	NVIDIA	5/20/2026	Q2 2027 Revenue	91.00 Bil	16.7%	RaisedRaised Prior Guidance of 78.00 Bil for Q1 2027

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
USMV Return	21%	-9%	10%	16%	8%	2%	53%
Peers Return	27%	-13%	24%	19%	14%	8%	98%
S&P 500 Return	27%	-19%	24%	23%	16%	9%	98%
Monthly Win Rates [3]
USMV Win Rate	67%	42%	58%	75%	58%	80%
Peers Win Rate	74%	43%	57%	68%	70%	72%
S&P 500 Win Rate	75%	42%	67%	75%	67%	60%
Max Drawdowns [4]
USMV Max Drawdown	-6%	-18%	-7%	-6%	-9%	-6%
Peers Max Drawdown	-7%	-24%	-11%	-8%	-18%	-8%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: RSP, QUAL, DFAC, DYNF, COWZ.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/22/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker	1Y	3Y	5Y
USMV	0.04	0.60	0.35
Equity Top Results (3Y)
SPMO	1.93	1.45	0.89
SMH	2.99	1.44	0.91
CGDV	2.12	1.32	0.89
ALLW	1.75	1.29	1.29
DYNF	1.96	1.28	0.68

Results as of 4302026.

Event	USMV	S&P 500
2022 Inflation Shock & Fed Tightening
% Loss	-17.3%	-24.5%
% Gain to Breakeven	20.9%	32.4%
Time to Breakeven	427 days	427 days
2020 COVID-19 Crash
% Loss	-33.0%	-33.7%
% Gain to Breakeven	49.3%	50.9%
Time to Breakeven	291 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-12.4%	-19.2%
% Gain to Breakeven	14.2%	23.8%
Time to Breakeven	53 days	105 days

Compare to RSP, QUAL, DFAC, DYNF, COWZ

In The Past

iShares MSCI USA Min Vol Factor ETF's stock fell -8.6% during the 2025 US Tariff Shock. Such a loss loss requires a 9.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

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Event	USMV	S&P 500
2020 COVID-19 Crash
% Loss	-33.0%	-33.7%
% Gain to Breakeven	49.3%	50.9%
Time to Breakeven	291 days	140 days

Compare to RSP, QUAL, DFAC, DYNF, COWZ

In The Past

iShares MSCI USA Min Vol Factor ETF's stock fell -8.6% during the 2025 US Tariff Shock. Such a loss loss requires a 9.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

USMV Dip Buy History

USMV had 11 events since 10/20/2011 where the dip threshold of -5.0% within 60 days was triggered

17% median peak return within 1 year of dip event
332 days is the median time to peak return after a dip event
-2.2% median max drawdown within 1 year of dip event

60 Day Dip			USMV Subsequent Performance
Date	USMV	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			17%	17%	-2%	332
10272023	-5%	-8%	31%	34%	0%	357
2282023	-6%	-2%	17%	18%	-2%	360
9272022	-6%	-4%	11%	15%	-2%	301
6102022	-6%	-10%	6%	9%	-6%	67
1262022	-5%	-5%	1%	8%	-9%	72
3092020	-6%	-12%	14%	16%	-23%	305
12172018	-7%	-13%	24%	24%	-7%	364
4242018	-6%	-8%	14%	15%	-4%	356
10112016	-5%	-1%	17%	17%	-2%	365
1202016	-6%	-9%	18%	21%	0%	184
8252015	-7%	-11%	22%	25%	0%	332

[1] Dip event defined as first instance dip threshold is triggered within a 60-day time period.
[2] Analysis for period from 1/1/2005 to 5/22/2026

USMV had 3 events since 10/20/2011 where the dip threshold of -10% within 90 days was triggered

29% median peak return within 1 year of dip event
302 days is the median time to peak return after a dip event
-7.1% median max drawdown within 1 year of dip event

90 Day Dip			USMV Subsequent Performance
Date	USMV	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			29%	29%	-7%	302
5092022	-12%	-16%	5%	8%	-7%	99
3122020	-15%	-18%	29%	29%	-14%	302
12242018	-10%	-16%	33%	34%	0%	361

[1] Dip event defined as first instance dip threshold is triggered within a 90-day time period.
[2] Analysis for period from 1/1/2005 to 5/22/2026

USMV had 1 events since 10/20/2011 where the dip threshold of -20% within 180 days was triggered

45% median peak return within 1 year of dip event
361 days is the median time to peak return after a dip event
-3.6% median max drawdown within 1 year of dip event

180 Day Dip			USMV Subsequent Performance
Date	USMV	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			44%	45%	-4%	361
3202020	-23%	-22%	44%	45%	-4%	361

[1] Dip event defined as first instance dip threshold is triggered within a 180-day time period.
[2] Analysis for period from 1/1/2005 to 5/22/2026

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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

Ticker	Name	Dip %	Mkt Price	Price Date	Peak Price	Peak Date	# Days
NOBL	ProShares S&P 500 Dividend Aristocrats ETF	-5.4%	107.83	5222026	114.03	3012026	82
ARKK	ARK Innovation ETF	-8.2%	76.40	5222026	83.21	1132026	129
URA	Global X Uranium ETF	-20.8%	48.96	5222026	61.81	1282026	114
LIT	Global X Lithium & Battery Tech ETF	-6.9%	85.28	5222026	91.62	5112026	11
CGBL	Capital Group Core Balanced ETF	-6.2%	34.41	5222026	36.67	2252026	86
XLF	State Street Financial Select Sector SPDR ETF	-7.4%	51.94	5222026	56.11	1062026	136
XLV	State Street Health Care Select Sector SPDR ETF	-6.1%	149.89	5222026	159.54	3012026	82
XLP	State Street Consumer Staples Select Sector SPDR ETF	-5.3%	84.80	5222026	89.51	3012026	82
XLB	State Street Materials Select Sector SPDR ETF	-5.8%	50.29	5222026	53.38	2112026	100
XBI	State Street SPDR S&P Biotech ETF	-5.1%	131.66	5222026	138.67	4192026	33
ITA	iShares U.S. Aerospace & Defense ETF	-10.0%	225.37	5222026	250.42	3022026	81
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	-8.6%	171.95	5222026	188.18	3292026	54
TLT	iShares 20+ Year Treasury Bond ETF	-6.1%	84.68	5222026	90.16	3012026	82
VGLT	Vanguard Long-Term Treasury ETF	-5.4%	54.13	5222026	57.20	3012026	82
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-5.8%	25.71	5222026	27.28	3012026	82
TLH	iShares 10-20 Year Treasury Bond ETF	-5.3%	98.73	5222026	104.25	3012026	82
EDV	Vanguard World Funds Extended Duration ETF	-8.4%	62.59	5222026	68.33	3012026	82
GSG	iShares GSCI Commodity	-5.8%	30.01	5222026	31.85	3182026	65
GLD	SPDR Gold Trust	-16.6%	413.82	5222026	495.90	1292026	113
IAU	iShares Gold Trust	-16.5%	84.81	5222026	101.57	1292026	113
GLDM	SPDR Gold MiniShares Trust	-16.4%	89.21	5222026	106.77	1292026	113
SGOL	ETFS Physical Swiss Gold Shares	-13.1%	44.66	5222026	51.41	1292026	113
BAR	Direxion Daily Gold Bull 3X Shares	-16.6%	44.34	5222026	53.16	1292026	113
SLV	iShares Silver Trust	-35.3%	68.36	5222026	105.60	1282026	114
SIVR	ETFS Physical Silver Shares Trust ETF	-24.8%	83.39	5222026	110.87	1282026	114
PPLT	ETFS Physical Platinum Shares	-30.7%	17.47	5222026	25.23	1252026	117
CPER	United States Copper Index Fund ETV	-13.9%	33.33	5222026	38.71	1292026	113
PALL	ETFS Physical Palladium Shares	-34.1%	24.52	5222026	37.18	1282026	114
USO	United States Oil Fund LP	-7.9%	140.92	5222026	152.96	5192026	3
UNG	United States Natural Gas Fund LP	-35.3%	10.94	5222026	16.90	2012026	110
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	5222026	60.13	5042026	18
IBIT	iShares Bitcoin Trust ETF	-22.5%	42.96	5222026	55.44	1142026	128
FBTC	Fidelity Wise Origin Bitcoin Fund	-22.5%	65.98	5222026	85.12	1142026	128
GBTC	Grayscale Bitcoin Trust ETF	-19.0%	61.84	5222026	76.31	1142026	128
ETHA	iShares Ethereum Trust ETF	-39.2%	15.57	5222026	25.59	1142026	128

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About USMV

Holdings Count: 169
Expense Ratio: 0.15%
Inception Date: 2011-10-18

iShares MSCI USA Min Vol Factor ETF
The iShares MSCI USA Min Vol Factor ETF seeks to track the investment results of an index composed of U.S. equities that, in the aggregate, have lower volatility characteristics relative to the broader U.S. equity market.
Asset Class: Equity | ETF Website

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
NVTS	Navitas Semiconductor	6.5	20.0%	309.7%
RGTI	Rigetti Computing	8.7	19.9%	19.3%
HLIT	Harmonic	1.7	19.7%	53.7%
BB	BlackBerry	4.7	18.9%	108.7%
LPTH	LightPath Technologies	0.8	18.7%	56.9%
SHAZ	SharonAI	0.8	18.0%	-26.4%
AEVA	Aeva Technologies	1.5	17.8%	90.7%
DELL	Dell Technologies	194.8	16.8%	135.5%
AXTI	AXT	6.3	16.4%	761.3%
LION	Lionsgate Studios	4.3	15.8%	63.7%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
GKOS	Glaukos	6.9	-13.5%	6.5%
FBYD	Falcons Beyond Global	0.7	-13.3%	10.3%
BTGO	BitGo	0.8	-10.7%	-62.5%
IHRT	iHeartMedia	0.7	-9.6%	6.0%
HOV	Hovnanian Enterprises	0.7	-8.9%	7.9%
INBX	Inhibrx Biosciences	1.6	-8.4%	28.3%
BJ	BJ's Wholesale Club	11.3	-8.2%	-3.8%
OPTU	Optimum Communications	0.3	-7.4%	-59.9%
TE	T1 Energy	1.8	-7.3%	21.0%
ETON	Eton Pharmaceuticals	0.9	-6.9%	92.7%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
FBYD	Falcons Beyond Global	0.7	57.0%	10.3%
HIVE	HIVE Digital Technologies	1.0	51.3%	57.8%
RGTI	Rigetti Computing	8.7	48.0%	19.3%
LPTH	LightPath Technologies	0.8	47.1%	56.9%
QBTS	D-Wave Quantum	10.4	44.5%	12.4%
TE	T1 Energy	1.8	42.5%	21.0%
NVTS	Navitas Semiconductor	6.5	37.2%	309.7%
PSNL	Personalis	0.8	33.2%	6.4%
ALAB	Astera Labs	52.0	31.9%	84.5%
RXO	RXO	4.1	30.4%	92.8%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
DSGN	Design Therapeutics	0.6	-23.7%	17.0%
BTGO	BitGo	0.8	-22.0%	-62.5%
FIGR	Figure Technology Solutions	7.3	-21.6%	-16.9%
GTN-A	Gray Media	0.8	-20.4%	-29.8%
INTU	Intuit	88.9	-18.6%	-51.5%
OPTU	Optimum Communications	0.3	-17.8%	-59.9%
EIKN	Eikon Therapeutics	0.6	-17.7%	-27.3%
GKOS	Glaukos	6.9	-16.5%	6.5%
ONDS	Ondas	3.4	-14.7%	-7.2%
STRL	Sterling Infrastructure	22.5	-13.7%	139.3%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
MXL	MaxLinear	8.7	189.5%	468.9%
BAND	Bandwidth	1.9	167.5%	297.3%
WOLF	Wolfspeed	1.9	153.7%	301.4%
INOD	Innodata	3.1	119.6%	87.4%
FCEL	FuelCell Energy	1.2	105.5%	242.1%
VPG	Vishay Precision	1.5	96.9%	195.5%
PENG	Penguin Solutions	2.8	92.7%	172.0%
XMTR	Xometry	4.6	90.3%	50.0%
AXTI	AXT	6.3	87.1%	761.3%
INTC	Intel	609.1	79.5%	224.8%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
EMBC	Embecta	0.2	-63.7%	-71.6%
FWRD	Forward Air	0.3	-61.3%	-64.8%
OPTU	Optimum Communications	0.3	-60.4%	-59.9%
CABO	Cable One	0.3	-54.5%	-53.7%
PSIX	Power Solutions International	0.9	-50.3%	-32.0%
ERAS	Erasca	3.2	-50.0%	202.2%
TRDA	Entrada Therapeutics	0.3	-48.8%	-36.2%
BRBR	BellRing Brands	1.1	-45.3%	-66.7%
ULH	Universal Logistics	0.4	-42.8%	-6.0%
UI	Ubiquiti	37.0	-41.1%	10.6%

Short Interest

Short Interest: As Of Date	4302026
Short Interest: Shares Quantity	4.8 Mil
Short Interest: % Change Since 4152026	7.0%
Average Daily Volume	2.1 Mil
Days-to-Cover Short Interest	2.2 days

External Quote Links

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1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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iShares MSCI USA Min Vol Factor ETF (USMV)

Market Price (5/23/2026): $96.88

iShares MSCI USA Min Vol Factor ETF (USMV)

Market Price (5/23/2026): $96.88

Asset Allocation with USMV

Price Chart

Valuation & Yield

Top 20 Holdings for USMV

Performance for USMV Top Holdings

Guidance Updates for USMV Top Holdings

Return vs. Risk

Price Returns Compared

Sharpe Ratios Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

USMV Dip Buy History

Current Dip Buy Opportunities Across ETFs

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Inform Me Once

About USMV

Latest Trefis Analyses

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Top Losers

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