First-Year Review
Cambria Global EW ETF's largest holding is another fund, about 25 times an equal share
iShares MSCI USA Min Vol Factor ETF
$100.65−0.08 (−0.08%)
- 0.15%
- $23.8B
- +8.8%
- 1.40%
- 2M sh
- $100.50
- low $91.02high $102.21
The ETF.net USMV Grade
A
Score 73 out of 100
- 3 of 16
Score 73 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A70 out of 100Rank 5 of 16Mission
Whether the fund did what it promised, tested against its stated mandate.A85 out of 100Rank 6 of 16Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B64 out of 100Rank 4 of 16Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A79 out of 100Rank 3 of 16Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B57 out of 100Rank 8 of 16Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A87 out of 100Rank 1 of 16
Our read on USMV
AThe household name in low-volatility investing. Since 2011 USMV has tracked an MSCI index built around U.S. stocks with calmer price behavior, holding roughly 160 names for 0.15% a year.
The fund seeks to track an index targeting U.S. stocks with lower-volatility characteristics.
Why people hold it
- Costs 0.15% a year, below the typical fee in its low-volatility peer group.
- A multi-billion-dollar fund that trades actively, so getting in and out is rarely the hard part.
- Running since 2011 on a published MSCI rulebook, with one of the stronger implementations among U.S. low-vol funds.ishares.com
- Straightforward plumbing: index-tracked U.S. stocks, quarterly distributions, no derivatives layer to decode.
Worth knowing
- Not the cheapest ticket in the aisle. QLV and LGLV both undercut it on fee.
- "Minimum volatility" describes how the index picks and weights stocks, not a floor under losses. This is still a fully invested equity fund.
- Roughly 160 holdings is a far narrower slice than a total-market fund, so results can drift from the broad U.S. index in either direction.
USMV Holdings
- Stocks
- 178
- 15%
- APH
Sectors
- Information Technology33.8%
- Health Care13.9%
- Financials12.9%
- Consumer Staples9.6%
- Utilities6.4%
- Industrials6.0%
- Consumer Discretionary4.9%
- Communication4.8%
- Energy4.0%
- Real Estate2.5%
- Materials1.1%
Geography
- United States93.93%
- Ireland1.89%
- Switzerland1.48%
- Canada1.12%
- United Kingdom0.97%
- Uruguay0.38%
- Cayman Islands0.17%
- Bermuda0.05%
USMV Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
USMV$10,876
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | USMV |
|---|---|
| Year to date | +8.1% |
| 1 month | +1.5% |
| 3 months | +3.4% |
| 1 year | +8.8% |
| 3 years | +13.3% |
| 5 years | +8.1% |
| 10 years | +10.5% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | USMV |
|---|---|---|
| 2026 YTD | +8.1% | |
| 2025 | +7.7% | |
| 2024 | +15.7% | |
| 2023 | +10.3% | |
| 2022 | −9.4% | |
| 2021 | +20.8% | |
| 2020 | +5.6% |
USMV in the news
USMV Dividends
- 1.40%
- $1.41
- $0.33 per share
- Quarterly
Distribution history
USMV Risk
- 9.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.79
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −17.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.48
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
USMV Cost
0.15%
USMV0.15%
- The middle half of US Low Volatility Index funds
- Median 0.20%
4 of the 16 US Low Volatility Index funds charge less.
Other funds in US Low Volatility Index
- ALGLVState Street SPDR US Large Cap Low Volatility Index ETFExpense ratio 0.12%1 year return +5.0%
- AQLVNorthern Trust US Quality Low Volatility ETFExpense ratio 0.09%1 year return +15.0%
- BSMLVState Street SPDR US Small Cap Low Volatility Index ETFExpense ratio 0.12%1 year return +25.1%
- BONEVState Street SPDR Russell 1000 Low Volatility Focus ETFExpense ratio 0.20%1 year return +12.0%
- BFDLOFidelity Low Volatility Factor ETF Expense ratio 0.15%1 year return +14.9%