Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
FTEC vs USMV: how they differ
FTEC and USMV hold 20% of their weight in the same names, and FTEC returned more over the year.
Fidelity MSCI Information Technology Index ETF and iShares MSCI USA Min Vol Factor ETF.
What they hold in common
By the books each fund has filed, FTEC and USMV hold 20% of their money in the same securities at the same weight.
| Holding | FTEC | USMV |
|---|---|---|
| Cisco Systems Inc | 1.66% | 1.81% |
| NVIDIA Corp | 18.00% | 1.64% |
| Microsoft Corp | 9.54% | 1.56% |
| International Business Machines Corp | 0.99% | 1.11% |
| Amphenol Corp | 0.86% | 1.51% |
| Apple Inc | 14.38% | 0.82% |
| Texas Instruments Inc | 1.20% | 0.78% |
| Salesforce Inc | 0.77% | 0.88% |
| Corning Inc | 0.68% | 0.68% |
| Advanced Micro Devices Inc | 2.60% | 0.53% |
| Palo Alto Networks Inc | 0.69% | 0.53% |
| Arista Networks Inc | 0.89% | 0.52% |
| Only in FTEC | Only in USMV |
|---|---|
| Intel Corp 1.99% | EXXON MOBIL CORPORATION 1.60% |
| Lam Research Corp 1.49% | DUKE ENERGY CORPORATION 1.55% |
| KLA Corp 1.09% | THE SOUTHERN COMPANY 1.53% |
| Sandisk Corp/DE 0.80% | Chubb Limited 1.50% |
| Western Digital Corp 0.76% | VERIZON COMMUNICATIONS INC. 1.49% |
| Seagate Technology Holdings PLC 0.76% | WASTE MANAGEMENT, INC. 1.48% |
| Accenture PLC 0.53% | JOHNSON & JOHNSON 1.44% |
| Monolithic Power Systems Inc 0.44% | BERKSHIRE HATHAWAY INC. 1.42% |
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.
| FTEC Fidelity MSCI Information Technology Index ETF | USMV iShares MSCI USA Min Vol Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Fidelity | iShares |
| What it is | MSCI Information Technology | MSCI USA Min Vol Factor |
| Total return, 1 year | +35.7% | +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 | 0.08% | 0.15% |
| Already in the S&P 500 | 86.2% | 94.8% |
| Holdings | 282 | 170 |
FTEC in plain words
FTEC is an index equity fund tracking the MSCI Information Technology. Over the year to Sep 11, 2026 it returned +35.7% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% a year. By its holdings filed for Apr 30, 2026, 86% of the fund by weight is stocks the S&P 500 also holds, across 282 positions, with the top ten at 58.8%. It sat 3.7% below its high of Jun 2, 2026 on Sep 11, 2026.
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, FTEC or USMV?
- In the year to Sep 12, 2026, with distributions reinvested, FTEC returned +35.7% and USMV returned +6.6%, so FTEC returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, FTEC or USMV?
- FTEC charges 0.08% a year and USMV charges 0.15%, so FTEC is cheaper. Fees come from each fund's prospectus.
- How much do FTEC and USMV overlap with the S&P 500?
- By their latest filed holdings, 86% of FTEC and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 20% of their books are the same securities at the same weight.
Other comparisons
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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, FTEC against USMV, data as of Sep 12, 2026. https://etfiq.com/compare/any/FTEC-USMV Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources