Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
HDV vs USMV: how they differ
HDV and USMV hold 19% of their weight in the same names, and HDV returned more over the year.
iShares Core High Dividend ETF and iShares MSCI USA Min Vol Factor ETF.
What they hold in common
By the books each fund has filed, HDV and USMV hold 19% of their money in the same securities at the same weight.
| Holding | HDV | USMV |
|---|---|---|
| EXXON MOBIL CORP | 8.45% | 1.60% |
| DUKE ENERGY CORP | 1.57% | 1.55% |
| SOUTHERN COMPANY (THE) | 1.55% | 1.53% |
| JOHNSON & JOHNSON | 5.70% | 1.44% |
| COCA-COLA COMPANY (THE) | 3.88% | 1.20% |
| MERCK & COMPANY INC | 3.78% | 1.18% |
| PROCTER & GAMBLE COMPANY (THE) | 4.47% | 1.11% |
| PROGRESSIVE CORP (THE) | 3.80% | 1.07% |
| PEPSICO INC | 3.67% | 1.02% |
| TEXAS INSTRUMENTS INC | 3.55% | 0.78% |
| COLGATE-PALMOLIVE COMPANY | 0.74% | 0.89% |
| MONDELEZ INTERNATIONAL INC | 1.31% | 0.74% |
| Only in HDV | Only in USMV |
|---|---|
| ALTRIA GROUP INC 3.71% | CISCO SYSTEMS, INC. 1.81% |
| BLACKSTONE INC 2.43% | NVIDIA CORPORATION 1.64% |
| CONOCOPHILLIPS 2.14% | MICROSOFT CORPORATION 1.56% |
| US BANCORP 1.69% | AMPHENOL CORPORATION 1.51% |
| ACCENTURE PLC 1.65% | Chubb Limited 1.50% |
| MEDTRONIC PLC 1.55% | VERIZON COMMUNICATIONS INC. 1.49% |
| PNC FINANCIAL SERVICES GROUP INC (THE) 1.43% | WASTE MANAGEMENT, INC. 1.48% |
| STARBUCKS CORP 1.43% | MOTOROLA SOLUTIONS, INC. 1.46% |
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.
| HDV iShares Core High Dividend ETF | USMV iShares MSCI USA Min Vol Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | Core High Dividend | MSCI USA Min Vol Factor |
| Total return, 1 year | +22.5% | +6.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +5.0 pts | −10.9 pts |
| Expense ratio | 0.08% | 0.15% |
| Already in the S&P 500 | 98.0% | 94.8% |
| Holdings | 75 | 170 |
HDV in plain words
HDV is an index equity fund tracking the Core High Dividend. Over the year to Sep 11, 2026 it returned +22.5% 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, 98% of the fund by weight is stocks the S&P 500 also holds, across 75 positions, with the top ten at 50.2%.
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, HDV or USMV?
- In the year to Sep 12, 2026, with distributions reinvested, HDV returned +22.5% and USMV returned +6.6%, so HDV returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, HDV or USMV?
- HDV charges 0.08% a year and USMV charges 0.15%, so HDV is cheaper. Fees come from each fund's prospectus.
- How much do HDV and USMV overlap with the S&P 500?
- By their latest filed holdings, 98% of HDV and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 19% 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, HDV against USMV, data as of Sep 12, 2026. https://etfiq.com/compare/any/HDV-USMV Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources