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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 Moving Average (50/200)* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -14.8% (compared to the benchmark's drawdown of -33.1%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 9.3%, compared to a Buy-and-Hold benchmark return of 10.7%. The strategy executed 6 total trades.

* Moving Average (50/200): Classic Moving Average Crossover (e.g., 50-day crossing 200-day). The foundational basis of research-grade trend following.

🛡️ USMV Drawdown Shield & Downside Protection

Why Drawdown Dictates Longevity →
Peak Drawdown Defense
-14.8% (vs -33.1% B&H)
+18.3% shallower drawdown
Downside Efficiency
0.99 Sortino
+0.13 vs 0.86 B&H
Capital Sheltered from Risk
11.3% 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%-11.52%-17.93%-14.82%-33.10%-14.82%-33.10%
Sharpe Ratio0.810.810.730.540.830.660.840.73
Sortino Ratio1.331.330.940.740.950.760.990.86
CAGR7.24%7.24%7.37%6.92%9.25%10.05%9.33%10.66%
% Time Invested100.0%100.0%84.0%100.0%87.6%100.0%88.7%100.0%
Trades / Year0.00.00.00.00.30.00.50.0

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 Moving Average (50/200) strategy (Investing) versus Buy & Hold. The strategy produced a 9.3% CAGR with a -14.8% Max Drawdown across 6 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 Moving Average (50/200) strategy in Investing context, illustrating downside risk mitigation and return skewness.
Figure 2: Monthly Return Distribution Profile. Monthly return distribution for USMV under Moving Average (50/200) (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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2022-03-15 2022-12-30 Interest (CASH) 100% $1.00 $1.02 2.01% Interest Income
2020-06-03 2022-03-15 Completed 100% $56.20 $68.23 21.35% Signal
2020-03-10 2020-06-03 Interest (CASH) 100% $1.00 $1.00 0.03% Interest Income
2019-03-05 2020-03-10 Completed 100% $50.51 $55.73 10.28% Stop
2019-01-29 2019-03-05 Interest (CASH) 100% $1.00 $1.00 0.23% Interest Income
2017-01-13 2019-01-29 Completed 100% $38.39 $47.81 24.49% Signal
2016-12-05 2017-01-13 Interest (CASH) 100% $1.00 $1.00 0.06% Interest Income
2015-11-20 2016-12-05 Completed 100% $34.53 $37.25 7.82% Signal
2015-09-29 2015-11-20 Interest (CASH) 100% $1.00 $1.00 0.01% Interest Income
2015-09-17 2015-09-29 Completed 100% $33.01 $32.11 -2.78% Signal
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 →