Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
SPYG vs USMV: how they differ
SPYG and USMV hold 22% of their weight in the same names, and SPYG returned more over the year.
State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF and iShares MSCI USA Min Vol Factor ETF.
What they hold in common
By the books each fund has filed, SPYG and USMV hold 22% of their money in the same securities at the same weight.
| Holding | SPYG | USMV |
|---|---|---|
| NVIDIA Corp | 13.66% | 1.64% |
| Microsoft Corp | 7.81% | 1.56% |
| Berkshire Hathaway Inc | 2.58% | 1.42% |
| Johnson & Johnson | 1.02% | 1.44% |
| Visa Inc | 0.88% | 0.94% |
| Apple Inc | 5.99% | 0.82% |
| Mastercard Inc | 0.78% | 1.15% |
| Cisco Systems Inc | 0.69% | 1.81% |
| Eli Lilly & Co | 2.67% | 0.66% |
| Amphenol Corp | 0.61% | 1.51% |
| AbbVie Inc | 0.58% | 0.63% |
| Advanced Micro Devices Inc | 2.67% | 0.53% |
| Only in SPYG | Only in USMV |
|---|---|
| Alphabet Inc 5.91% | EXXON MOBIL CORPORATION 1.60% |
| Tesla Inc 2.07% | DUKE ENERGY CORPORATION 1.55% |
| JPMorgan Chase & Co 1.68% | THE SOUTHERN COMPANY 1.53% |
| Lam Research Corp 1.53% | Chubb Limited 1.50% |
| Caterpillar Inc 1.38% | VERIZON COMMUNICATIONS INC. 1.49% |
| KLA Corp 1.11% | WASTE MANAGEMENT, INC. 1.48% |
| Sandisk Corp 0.95% | MOTOROLA SOLUTIONS, INC. 1.46% |
| General Electric Co 0.57% | 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.
| SPYG State Street(R) SPDR(R) Portfolio S&P 500(R) Growth 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 Portfolio S&P 500 Growth | MSCI USA Min Vol Factor |
| Total return, 1 year | +17.9% | +6.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +0.4 pts | −10.9 pts |
| Expense ratio | 0.04% | 0.15% |
| Already in the S&P 500 | 100.0% | 94.8% |
| Holdings | 147 | 170 |
SPYG in plain words
SPYG is an index equity fund tracking the SPDR Portfolio S&P 500 Growth. Over the year to Sep 11, 2026 it returned +17.9% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.04% a year. By its holdings filed for Jun 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 147 positions, with the top ten at 56.4%.
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, SPYG or USMV?
- In the year to Sep 12, 2026, with distributions reinvested, SPYG returned +17.9% and USMV returned +6.6%, so SPYG returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SPYG or USMV?
- SPYG charges 0.04% a year and USMV charges 0.15%, so SPYG is cheaper. Fees come from each fund's prospectus.
- How much do SPYG and USMV overlap with the S&P 500?
- By their latest filed holdings, 100% of SPYG and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 22% 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, SPYG against USMV, data as of Sep 12, 2026. https://etfiq.com/compare/any/SPYG-USMV Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources