Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
MOAT vs USMV: how they differ
MOAT and USMV hold 12% of their weight in the same names, and MOAT returned more over the year.
VanEck Morningstar Wide Moat ETF and iShares MSCI USA Min Vol Factor ETF.
What they hold in common
By the books each fund has filed, MOAT and USMV hold 12% of their money in the same securities at the same weight.
| Holding | MOAT | USMV |
|---|---|---|
| NVIDIA Corp | 2.45% | 1.64% |
| Microsoft Corp | 2.20% | 1.56% |
| Amphenol Corp | 1.50% | 1.51% |
| Motorola Solutions Inc | 1.24% | 1.46% |
| PepsiCo Inc | 1.17% | 1.02% |
| Northrop Grumman Corp | 1.15% | 0.85% |
| Mondelez International Inc | 2.34% | 0.74% |
| Palo Alto Networks Inc | 2.51% | 0.53% |
| Broadcom Inc | 2.43% | 0.50% |
| Tyler Technologies Inc | 2.15% | 0.46% |
| Fortinet Inc | 2.21% | 0.43% |
| MercadoLibre Inc | 1.28% | 0.34% |
| Only in MOAT | Only in USMV |
|---|---|
| Masco Corp 2.96% | CISCO SYSTEMS, INC. 1.81% |
| Kenvue Inc 2.59% | EXXON MOBIL CORPORATION 1.60% |
| Airbnb Inc 2.56% | DUKE ENERGY CORPORATION 1.55% |
| Brown-Forman Corp 2.49% | THE SOUTHERN COMPANY 1.53% |
| Charles Schwab Corp/The 2.45% | Chubb Limited 1.50% |
| Bristol-Myers Squibb Co 2.43% | VERIZON COMMUNICATIONS INC. 1.49% |
| Danaher Corp 2.41% | WASTE MANAGEMENT, INC. 1.48% |
| Veeva Systems Inc 2.41% | JOHNSON & JOHNSON 1.44% |
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.
| MOAT VanEck Morningstar Wide Moat ETF | USMV iShares MSCI USA Min Vol Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | VanEck | iShares |
| What it is | Morningstar Wide Moat | MSCI USA Min Vol Factor |
| Total return, 1 year | +11.3% | +6.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −6.2 pts | −10.9 pts |
| Expense ratio | 0.46% | 0.15% |
| Already in the S&P 500 | 91.6% | 94.8% |
| Holdings | 55 | 170 |
MOAT in plain words
MOAT is an index equity fund tracking the Morningstar Wide Moat. Over the year to Sep 11, 2026 it returned +11.3% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.46% a year. By its holdings filed for Jun 30, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 55 positions, with the top ten at 25.3%. It sat 5.7% below its high of Aug 27, 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, MOAT or USMV?
- In the year to Sep 12, 2026, with distributions reinvested, MOAT returned +11.3% and USMV returned +6.6%, so MOAT returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, MOAT or USMV?
- MOAT charges 0.46% a year and USMV charges 0.15%, so USMV is cheaper. Fees come from each fund's prospectus.
- How much do MOAT and USMV overlap with the S&P 500?
- By their latest filed holdings, 92% of MOAT and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 12% 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, MOAT against USMV, data as of Sep 12, 2026. https://etfiq.com/compare/any/MOAT-USMV Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources