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Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

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.

Largest positions each one holds and the other does not
Only in BNDXOnly 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 and USMV on the fields both publish, as of Sep 12, 2026. Source: ETFIQ.
BNDX
Vanguard Total International Bond Index Fund
USMV
iShares MSCI USA Min Vol Factor ETF
Where it sitsCore index fundCore index fund
IssuerVanguardiShares
What it isTotal International BondMSCI 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 ratio0.07%0.15%
Holdings6707170

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.

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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.

BNDX against USMV, ETFIQ, data as of Sep 12, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

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