Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
ITOT vs USMV: how they differ
ITOT and USMV hold 30% of their weight in the same names, and ITOT returned more over the year.
iShares Core S&P Total U.S. Stock Market ETF and iShares MSCI USA Min Vol Factor ETF.
What they hold in common
By the books each fund has filed, ITOT and USMV hold 30% of their money in the same securities at the same weight.
| Holding | ITOT | USMV |
|---|---|---|
| NVIDIA Corp. | 6.64% | 1.64% |
| Microsoft Corp. | 3.80% | 1.56% |
| Berkshire Hathaway, Inc. | 1.26% | 1.42% |
| Johnson & Johnson | 0.84% | 1.44% |
| Apple, Inc. | 5.82% | 0.82% |
| Visa, Inc. | 0.78% | 0.94% |
| Exxon Mobil Corp. | 0.78% | 1.60% |
| Walmart, Inc. | 0.68% | 0.88% |
| Eli Lilly & Co. | 1.30% | 0.66% |
| Cisco Systems, Inc. | 0.64% | 1.81% |
| AbbVie, Inc. | 0.61% | 0.63% |
| Mastercard, Inc. | 0.57% | 1.15% |
| Only in ITOT | Only in USMV |
|---|---|
| Alphabet, Inc. 2.87% | Chubb Limited 1.50% |
| Tesla, Inc. 1.62% | WASTE CONNECTIONS, INC. 1.28% |
| JPMorgan Chase & Co. 1.20% | ACCENTURE PUBLIC LIMITED COMPANY 0.75% |
| Intel Corp. 0.90% | LINDE PUBLIC LIMITED COMPANY 0.69% |
| Lam Research Corp. 0.74% | TE CONNECTIVITY PUBLIC LIMITED COMPANY 0.59% |
| Caterpillar, Inc. 0.67% | ARCH CAPITAL GROUP LTD. 0.50% |
| KLA Corp. 0.54% | AON PUBLIC LIMITED COMPANY 0.43% |
| GE Aerospace 0.53% | MercadoLibre, Inc. 0.34% |
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 Jun 30, 2026.
| ITOT iShares Core S&P Total U.S. Stock Market 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 S&P Total U.S. Stock Market | MSCI USA Min Vol Factor |
| Total return, 1 year | +17.2% | +6.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −0.3 pts | −10.9 pts |
| Expense ratio | 0.03% | 0.15% |
| Already in the S&P 500 | 88.3% | 94.8% |
| Holdings | 2497 | 170 |
ITOT in plain words
ITOT is an index equity fund tracking the Core S&P Total U.S. Stock Market. Over the year to Sep 11, 2026 it returned +17.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.03% a year. By its holdings filed for Jun 30, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 2497 positions, with the top ten at 32.2%.
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, ITOT or USMV?
- In the year to Sep 12, 2026, with distributions reinvested, ITOT returned +17.2% and USMV returned +6.6%, so ITOT returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ITOT or USMV?
- ITOT charges 0.03% a year and USMV charges 0.15%, so ITOT is cheaper. Fees come from each fund's prospectus.
- How much do ITOT and USMV overlap with the S&P 500?
- By their latest filed holdings, 88% of ITOT and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 30% 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, ITOT against USMV, data as of Sep 12, 2026. https://etfiq.com/compare/any/ITOT-USMV Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources