Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
AVLV vs USMV: how they differ
AVLV and USMV hold 17% of their weight in the same names, and AVLV returned more over the year.
Avantis U.S. Large Cap Value ETF and iShares MSCI USA Min Vol Factor ETF.
What they hold in common
By the books each fund has filed, AVLV and USMV hold 17% of their money in the same securities at the same weight.
| Holding | AVLV | USMV |
|---|---|---|
| Exxon Mobil Corp | 2.59% | 1.60% |
| Microsoft Corp | 1.63% | 1.56% |
| Verizon Communications Inc | 1.64% | 1.49% |
| Merck & Co Inc | 1.75% | 1.18% |
| TJX Cos Inc/The | 1.52% | 1.15% |
| Progressive Corp/The | 1.04% | 1.07% |
| Travelers Cos Inc/The | 0.89% | 1.09% |
| Walmart Inc | 0.89% | 0.88% |
| Gilead Sciences Inc | 1.29% | 0.82% |
| Apple Inc | 3.17% | 0.82% |
| T-Mobile US Inc | 0.66% | 1.17% |
| Kroger Co/The | 0.58% | 0.70% |
| Only in AVLV | Only in USMV |
|---|---|
| Caterpillar Inc 2.53% | CISCO SYSTEMS, INC. 1.81% |
| Lam Research Corp 2.52% | NVIDIA CORPORATION 1.64% |
| JPMorgan Chase & Co 1.79% | DUKE ENERGY CORPORATION 1.55% |
| Union Pacific Corp 1.53% | THE SOUTHERN COMPANY 1.53% |
| Morgan Stanley 1.37% | AMPHENOL CORPORATION 1.51% |
| ConocoPhillips 1.17% | WASTE MANAGEMENT, INC. 1.48% |
| General Motors Co 1.11% | MOTOROLA SOLUTIONS, INC. 1.46% |
| Flex Ltd 1.06% | JOHNSON & JOHNSON 1.44% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and May 31, 2026.
| AVLV Avantis U.S. Large Cap Value ETF | USMV iShares MSCI USA Min Vol Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Avantis | iShares |
| What it is | U.S. Large Cap Value | MSCI USA Min Vol Factor |
| Total return, 1 year | +31.0% | +6.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +13.5 pts | −10.9 pts |
| Expense ratio | 0.15% | 0.15% |
| Already in the S&P 500 | 84.5% | 94.8% |
| Holdings | 275 | 170 |
AVLV in plain words
AVLV is an index equity fund tracking the U.S. Large Cap Value. Over the year to Sep 11, 2026 it returned +31.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for May 31, 2026, 84% of the fund by weight is stocks the S&P 500 also holds, across 275 positions, with the top ten at 26.9%.
USMV in plain words
USMV is an index equity fund tracking the MSCI USA Min Vol Factor. Over the year to Sep 11, 2026 it returned +6.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. By its holdings filed for Apr 30, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 170 positions, with the top ten at 15.7%.
Questions people ask
- Which returned more over the last year, AVLV or USMV?
- In the year to Sep 12, 2026, with distributions reinvested, AVLV returned +31.0% and USMV returned +6.6%, so AVLV returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, AVLV or USMV?
- AVLV charges 0.15% a year and USMV charges 0.15%, so AVLV is cheaper. Fees come from each fund's prospectus.
- How much do AVLV and USMV overlap with the S&P 500?
- By their latest filed holdings, 84% of AVLV and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 17% of their books are the same securities at the same weight.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, AVLV against USMV, data as of Sep 12, 2026. https://etfiq.com/compare/any/AVLV-USMV Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources