USMV

USMV reports 174 positions, but the weights make it behave like about 109.3 equally weighted ones. Computed by this site from the fund's SEC Form N-PORT filing — see what this measure does not tell you and the full table.

• 006 Beta
• 005 Expense ratio
• 005 Duration
• 005 Turnover
• 003 Maximum drawdown
• 003 Factor exposure
• 003 Correlation

• The Low-Volatility Anomaly: Why Boring Stocks Keep Beating the Theory

  The low-volatility anomaly — lower-risk stocks earning competitive or better risk-adjusted returns — has survived decades of out-of-sample testing, but the...

  03 Sept 2026 9 min ETF Analysis

• Minimum Variance vs Maximum Diversification: Two Optimizers, Two Very Different Portfolios

  Minimum variance and maximum diversification start from the same covariance matrix but optimize different things — one minimizes portfolio volatility, the...

  22 Aug 2026 9 min Long-Term Strategy

• USMV vs SPLV: Two Approaches to Low-Volatility Investing — Which Defense Holds Up?

  USMV (optimizer-based minimum variance) and SPLV (simple lowest-volatility ranking) sound similar but are built differently — and the construction gap, not...

  22 Jun 2026 8 min ETF Analysis

• The Master Guide to Evidence-Based ETF Portfolios: Using AI to Optimize Allocation (2026)

  "AI-driven portfolio optimization" mostly solves a problem long-horizon investors don't actually have. Real-time tilting at retail frequency tends to cost...

  26 Apr 2026 9 min Long-Term Strategy

• VOO vs. MTUM vs. QUAL: Which Smart Beta ETF Wins Numerically? (Backtest Analysis)

  Over the trailing five years, the cap-weighted S&P 500 (VOO) actually outperformed both factor ETFs on raw return — 13.1% CAGR versus MTUM's 11.5% and...

  24 Apr 2026 11 min ETF Analysis

• Why "Factor Investing" Still Works: Applying Fama-French Models in the AI Era

  The Fama-French factors weren't a trading edge that AI could arbitrage away — they were compensation for risks investors still won't bear cheerfully, plus...

  23 Apr 2026 10 min Macro & Markets