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USMV

iShares MSCI USA Min Vol Factor ETF
TREND FOLLOWING PERFORMANCE HISTORY
2026-09-10
Executive Summary
The quantitative backtest for USMV (iShares MSCI USA Min Vol Factor ETF) using the Excess Return SMA* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -21.6% (compared to the benchmark's drawdown of -33.1%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 11.4%, compared to a Buy-and-Hold benchmark return of 10.7%. The strategy executed 5 total trades.

* Excess Return SMA: Advanced Single Moving Average model utilizing custom duration weighting and dynamic Stop Loss limits.

🛡️ USMV Drawdown Shield & Downside Protection

Why Drawdown Dictates Longevity →
Peak Drawdown Defense
-21.6% (vs -33.1% B&H)
+11.5% shallower drawdown
Downside Efficiency
1.13 Sortino
+0.27 vs 0.86 B&H
Capital Sheltered from Risk
4.1% of Time
Earning Treasury yield during downturns
* Drawdown Shield demonstrates how systematic trend-following bounded historical drawdowns and protected principal capital compared to passive Buy & Hold.

📊 USMV Quality Metrics & KPI Summary

Metric 1Y5Y10YFull
StrategyB&HStrategyB&HStrategyB&HStrategyB&H
Max Drawdown-6.46%-6.46%-21.59%-17.93%-21.59%-33.10%-21.59%-33.10%
Sharpe Ratio0.810.810.440.540.860.660.910.73
Sortino Ratio1.331.330.560.741.050.761.130.86
CAGR7.24%7.24%5.21%6.92%11.06%10.05%11.37%10.66%
% Time Invested100.0%100.0%92.0%100.0%95.3%100.0%95.9%100.0%
Trades / Year0.00.00.40.00.30.00.40.0

Cumulative Growth Performance

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Hydrating Performance Trajectory... Loading historical performance data
Figure 1: Cumulative Trajectory Analysis. Logarithmic growth comparison of USMV under the Excess Return SMA strategy (Investing) versus Buy & Hold. The strategy produced a 11.4% CAGR with a -21.6% Max Drawdown across 5 trade signals (compared to Buy & Hold's 10.7% CAGR and -33.1% Max Drawdown).

Return Distribution Analysis

Histogram of monthly return distribution for USMV under Excess Return SMA strategy in Investing context, illustrating downside risk mitigation and return skewness.
Figure 2: Monthly Return Distribution Profile. Monthly return distribution for USMV under Excess Return SMA (Investing). Visualizes return frequency, volatility clustering, and tail-risk truncation relative to standard buy-and-hold returns.
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Top 5 non-correlated asset sleeves evaluated on 1Y daily percentage returns (Pearson r). Compare them side-by-side in Compare Studio to analyze portfolio diversification.

Diversifier Asset Category 1Y Correlation (r) Action
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Trade History

This log shows every signal-driven transition. Completed trades reflect standard market cycles. An Open or Mark-to-Market exit denotes an active position (either in the primary asset or a cash/yield sleeve) valued at the current price for reporting purposes. Interest entries record yield accrued from cash or cash alternatives (like BIL) during out-of-market defensive periods.

Entry DateExit DateTypeAllocationEntry PriceExit PriceNet Return %Exit Reason
🔒 Active Positions & Recent Execution Signals Hidden
Trading on delayed data carries high execution risk. Current allocations, pending next-day rebalances, and active execution signals (last 60 days) require a Premium subscription.
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2022-12-21 2023-04-03 Interest (CASH) 100% $1.00 $1.01 1.28% Interest Income
2022-11-07 2022-12-21 Completed 100% $65.73 $67.99 3.40% Signal
2022-10-14 2022-11-07 Interest (CASH) 100% $1.00 $1.00 0.26% Interest Income
2022-07-08 2022-10-14 Completed 100% $66.73 $63.39 -5.06% Stop
2022-06-14 2022-07-08 Interest (CASH) 100% $1.00 $1.00 0.11% Interest Income
2020-04-01 2022-06-14 Completed 100% $46.86 $63.75 35.99% Stop
2020-03-10 2020-04-01 Interest (CASH) 100% $1.00 $1.00 0.01% Interest Income
2015-09-17 2020-03-10 Completed 100% $33.01 $55.73 68.75% Stop
2015-08-25 2015-09-17 Interest (CASH) 100% $1.00 $1.00 0.00% Interest Income
2013-10-17 2015-08-25 Completed 100% $26.77 $32.72 22.16% Stop
2013-10-15 2013-10-17 Interest (CASH) 100% $1.00 $1.00 0.00% Interest Income

Next Steps: Portfolio Integration & Comparative Analysis

Single-ticker trend following is designed to truncate tail risk inside a broader portfolio. View where USMV ranks across 40+ tracked assets, evaluate correlation against non-correlated diversifiers, or model it inside a custom all-weather asset mix.

📊 View Full 40-Asset Backtest Matrix → 🛠️ Build Custom Portfolio with USMV → ⚖️ Compare USMV vs Non-Correlated Assets →