Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
SDY vs USMV: how they differ
SDY and USMV hold 24% of their weight in the same names, and SDY returned more over the year.
State Street(R) SPDR(R) S&P(R) Dividend ETF and iShares MSCI USA Min Vol Factor ETF.
What they hold in common
By the books each fund has filed, SDY and USMV hold 24% of their money in the same securities at the same weight.
| Holding | SDY | USMV |
|---|---|---|
| Verizon Communications Inc | 2.15% | 1.49% |
| Consolidated Edison Inc | 1.34% | 1.35% |
| Southern Co/The | 1.33% | 1.53% |
| Coca-Cola Co/The | 1.26% | 1.20% |
| International Business Machines Corp | 1.27% | 1.11% |
| Procter & Gamble Co/The | 1.26% | 1.11% |
| PepsiCo Inc | 1.33% | 1.02% |
| Johnson & Johnson | 1.00% | 1.44% |
| Exxon Mobil Corp | 0.93% | 1.60% |
| WEC Energy Group Inc | 1.41% | 0.92% |
| Colgate-Palmolive Co | 1.16% | 0.89% |
| McDonald's Corp | 0.89% | 1.25% |
| Only in SDY | Only in USMV |
|---|---|
| Kenvue Inc 1.76% | CISCO SYSTEMS, INC. 1.81% |
| Target Corp 1.55% | NVIDIA CORPORATION 1.64% |
| Edison International 1.45% | DUKE ENERGY CORPORATION 1.55% |
| Sysco Corp 1.41% | AMPHENOL CORPORATION 1.51% |
| Eversource Energy 1.35% | Chubb Limited 1.50% |
| Microchip Technology Inc 1.32% | MOTOROLA SOLUTIONS, INC. 1.46% |
| Archer-Daniels-Midland Co 1.30% | BERKSHIRE HATHAWAY INC. 1.42% |
| Medtronic PLC 1.30% | VERTEX PHARMACEUTICALS INCORPORATED 1.36% |
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.
| SDY State Street(R) SPDR(R) S&P(R) Dividend ETF | USMV iShares MSCI USA Min Vol Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | State Street | iShares |
| What it is | SPDR S&P Dividend | MSCI USA Min Vol Factor |
| Total return, 1 year | +11.0% | +6.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −6.5 pts | −10.9 pts |
| Expense ratio | 0.35% | 0.15% |
| Already in the S&P 500 | 84.6% | 94.8% |
| Holdings | 155 | 170 |
SDY in plain words
SDY is an index equity fund tracking the SPDR S&P Dividend. Over the year to Sep 11, 2026 it returned +11.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.35% a year. By its holdings filed for Jun 30, 2026, 85% of the fund by weight is stocks the S&P 500 also holds, across 155 positions, with the top ten at 17.1%. It sat 3.9% below its high of Aug 24, 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, SDY or USMV?
- In the year to Sep 12, 2026, with distributions reinvested, SDY returned +11.0% and USMV returned +6.6%, so SDY returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SDY or USMV?
- SDY charges 0.35% a year and USMV charges 0.15%, so USMV is cheaper. Fees come from each fund's prospectus.
- How much do SDY and USMV overlap with the S&P 500?
- By their latest filed holdings, 85% of SDY and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 24% 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, SDY against USMV, data as of Sep 12, 2026. https://etfiq.com/compare/any/SDY-USMV Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources