Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
BNDX vs USMV: how they differ
BNDX and USMV hold 0% of their weight in the same names, and USMV returned more over the year.
Vanguard Total International Bond Index Fund and iShares MSCI USA Min Vol Factor ETF.
What they hold in common
By the books each fund has filed, BNDX and USMV hold 0% of their money in the same securities at the same weight.
| Only in BNDX | Only in USMV |
|---|---|
| French Republic Government Bond OAT 0.18% | CISCO SYSTEMS, INC. 1.81% |
| Bundesschatzanweisungen 0.14% | NVIDIA CORPORATION 1.64% |
| Canadian Government Bond 0.13% | EXXON MOBIL CORPORATION 1.60% |
| Canadian Government Bond 0.10% | MICROSOFT CORPORATION 1.56% |
| Canadian Government Bond 0.10% | DUKE ENERGY CORPORATION 1.55% |
| Canadian Government Bond 0.09% | THE SOUTHERN COMPANY 1.53% |
| Canadian Government Bond 0.08% | AMPHENOL CORPORATION 1.51% |
| Canadian Government Bond 0.08% | Chubb Limited 1.50% |
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.
| BNDX Vanguard Total International Bond Index Fund | USMV iShares MSCI USA Min Vol Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Vanguard | iShares |
| What it is | Total International Bond | MSCI USA Min Vol Factor |
| Total return, 1 year | −0.7% | +6.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −18.2 pts | −10.9 pts |
| Expense ratio | 0.07% | 0.15% |
| Holdings | 6707 | 170 |
BNDX in plain words
BNDX is a bond fund tracking the Total International Bond. Over the year to Sep 11, 2026 it returned −0.7% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.07% a year.
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. The prospectus expense ratio is 0.15% a year. 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, BNDX or USMV?
- In the year to Sep 12, 2026, with distributions reinvested, BNDX returned −0.7% and USMV returned +6.6%, so USMV returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, BNDX or USMV?
- BNDX charges 0.07% a year and USMV charges 0.15%, so BNDX is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where to next
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, BNDX against USMV, data as of Sep 12, 2026. https://etfiq.com/compare/any/BNDX-USMV Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources