Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
USMV vs VEA: how they differ
USMV and VEA hold 0% of their weight in the same names, and VEA returned more over the year.
iShares MSCI USA Min Vol Factor ETF and Vanguard Developed Markets Index Fund.
What they hold in common
By the books each fund has filed, USMV and VEA hold 0% of their money in the same securities at the same weight.
| Holding | USMV | VEA |
|---|---|---|
| WASTE CONNECTIONS, INC. | 1.28% | 0.13% |
| Only in USMV | Only in VEA |
|---|---|
| CISCO SYSTEMS, INC. 1.81% | ASML Holding NV 2.37% |
| NVIDIA CORPORATION 1.64% | Samsung Electronics Co Ltd 1.56% |
| EXXON MOBIL CORPORATION 1.60% | SK hynix Inc 1.40% |
| MICROSOFT CORPORATION 1.56% | HSBC Holdings PLC 1.01% |
| DUKE ENERGY CORPORATION 1.55% | Novartis AG 0.91% |
| THE SOUTHERN COMPANY 1.53% | Royal Bank of Canada 0.90% |
| AMPHENOL CORPORATION 1.51% | AstraZeneca PLC 0.87% |
| Chubb Limited 1.50% | Nestle SA 0.82% |
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.
| USMV iShares MSCI USA Min Vol Factor ETF | VEA Vanguard Developed Markets Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Vanguard |
| What it is | MSCI USA Min Vol Factor | Developed markets ex US |
| Total return, 1 year | +6.6% | +24.5% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −10.9 pts | +7.0 pts |
| Expense ratio | 0.15% | 0.03% |
| Already in the S&P 500 | 94.8% | 0.0% |
| Holdings | 170 | 3870 |
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%.
VEA in plain words
VEA is an index equity fund tracking the Developed markets ex US. Over the year to Sep 11, 2026 it returned +24.5% 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, 0% of the fund by weight is stocks the S&P 500 also holds, across 3870 positions, with the top ten at 13.2%.
Questions people ask
- Which returned more over the last year, USMV or VEA?
- In the year to Sep 12, 2026, with distributions reinvested, USMV returned +6.6% and VEA returned +24.5%, so VEA returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, USMV or VEA?
- USMV charges 0.15% a year and VEA charges 0.03%, so VEA is cheaper. Fees come from each fund's prospectus.
- How much do USMV and VEA overlap with the S&P 500?
- By their latest filed holdings, 95% of USMV and 0% of VEA by weight is stocks the S&P 500 already holds. Between the two funds, 0% 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, USMV against VEA, data as of Sep 12, 2026. https://etfiq.com/compare/any/USMV-VEA Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources