Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
MAGS vs USMV: how they differ
MAGS and USMV hold 4% of their weight in the same names, and MAGS returned more over the year.
Roundhill Magnificent Seven ETF and iShares MSCI USA Min Vol Factor ETF.
What they hold in common
By the books each fund has filed, MAGS and USMV hold 4% of their money in the same securities at the same weight.
| Holding | MAGS | USMV |
|---|---|---|
| NVIDIA Corp | 4.15% | 1.64% |
| Microsoft Corp | 3.62% | 1.56% |
| Apple Inc | 4.12% | 0.82% |
| Amazon.com Inc | 4.11% | 0.15% |
| Meta Platforms Inc | 3.59% | 0.09% |
| Only in MAGS | Only in USMV |
|---|---|
| TREASURY BILL 65.41% | CISCO SYSTEMS, INC. 1.81% |
| Roundhill Ultra Short Duration 8.06% | EXXON MOBIL CORPORATION 1.60% |
| Tesla Inc 4.07% | DUKE ENERGY CORPORATION 1.55% |
| Alphabet Inc 2.89% | THE SOUTHERN COMPANY 1.53% |
| AMPHENOL CORPORATION 1.51% | |
| Chubb Limited 1.50% | |
| VERIZON COMMUNICATIONS INC. 1.49% | |
| WASTE MANAGEMENT, INC. 1.48% |
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.
| MAGS Roundhill Magnificent Seven ETF | USMV iShares MSCI USA Min Vol Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Roundhill | iShares |
| What it is | Magnificent Seven | MSCI USA Min Vol Factor |
| Total return, 1 year | +14.4% | +6.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −3.1 pts | −10.9 pts |
| Expense ratio | 0.30% | 0.15% |
| Already in the S&P 500 | 26.5% | 94.8% |
| Holdings | 9 | 170 |
MAGS in plain words
MAGS is an index equity fund tracking the Magnificent Seven. Over the year to Sep 11, 2026 it returned +14.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.30% a year. By its holdings filed for Jun 30, 2026, 26% of the fund by weight is stocks the S&P 500 also holds, across 9 positions, with the top ten at 100.0%.
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, MAGS or USMV?
- In the year to Sep 12, 2026, with distributions reinvested, MAGS returned +14.4% and USMV returned +6.6%, so MAGS returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, MAGS or USMV?
- MAGS charges 0.30% a year and USMV charges 0.15%, so USMV is cheaper. Fees come from each fund's prospectus.
- How much do MAGS and USMV overlap with the S&P 500?
- By their latest filed holdings, 26% of MAGS and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 4% of their books are the same securities at the same weight.
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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, MAGS against USMV, data as of Sep 12, 2026. https://etfiq.com/compare/any/MAGS-USMV Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources