Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
IEMG vs USMV: how they differ
IEMG and USMV hold 0% of their weight in the same names, and IEMG returned more over the year.
iShares Core MSCI Emerging Markets ETF and iShares MSCI USA Min Vol Factor ETF.
What they hold in common
By the books each fund has filed, IEMG and USMV hold 0% of their money in the same securities at the same weight.
| Only in IEMG | Only in USMV |
|---|---|
| Taiwan Semiconductor Manufacturing Compa 12.52% | CISCO SYSTEMS, INC. 1.81% |
| SK hynix Inc. 5.83% | NVIDIA CORPORATION 1.64% |
| Tencent Holdings Limited 2.38% | EXXON MOBIL CORPORATION 1.60% |
| Alibaba Group Holding Limited 1.83% | MICROSOFT CORPORATION 1.56% |
| MediaTek Inc. 1.42% | DUKE ENERGY CORPORATION 1.55% |
| DELTA ELECTRONICS, INC. 1.03% | THE SOUTHERN COMPANY 1.53% |
| HON HAI PRECISION INDUSTRY CO., LTD. 0.79% | AMPHENOL CORPORATION 1.51% |
| Samsung Electronics Co., Ltd. 0.74% | 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 and May 31, 2026.
| IEMG iShares Core MSCI Emerging Markets 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 MSCI Emerging Markets | MSCI USA Min Vol Factor |
| Total return, 1 year | +30.6% | +6.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +13.1 pts | −10.9 pts |
| Expense ratio | 0.09% | 0.15% |
| Already in the S&P 500 | 0.0% | 94.8% |
| Holdings | 2695 | 170 |
IEMG in plain words
IEMG is an index equity fund tracking the Core MSCI Emerging Markets. Over the year to Sep 11, 2026 it returned +30.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for May 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2695 positions, with the top ten at 34.1%. It sat 4.0% below its high of Jun 22, 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, IEMG or USMV?
- In the year to Sep 12, 2026, with distributions reinvested, IEMG returned +30.6% and USMV returned +6.6%, so IEMG returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, IEMG or USMV?
- IEMG charges 0.09% a year and USMV charges 0.15%, so IEMG is cheaper. Fees come from each fund's prospectus.
- How much do IEMG and USMV overlap with the S&P 500?
- By their latest filed holdings, 0% of IEMG and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
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, IEMG against USMV, data as of Sep 12, 2026. https://etfiq.com/compare/any/IEMG-USMV Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources