Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
USMV vs VGK: how they differ
USMV and VGK hold 0% of their weight in the same names, and VGK returned more over the year.
iShares MSCI USA Min Vol Factor ETF and Vanguard European Stock Index Fund.
What they hold in common
By the books each fund has filed, USMV and VGK hold 0% of their money in the same securities at the same weight.
| Only in USMV | Only in VGK |
|---|---|
| CISCO SYSTEMS, INC. 1.81% | ASML Holding NV 3.63% |
| NVIDIA CORPORATION 1.64% | HSBC Holdings PLC 2.05% |
| EXXON MOBIL CORPORATION 1.60% | AstraZeneca PLC 1.84% |
| MICROSOFT CORPORATION 1.56% | Novartis AG 1.84% |
| DUKE ENERGY CORPORATION 1.55% | Nestle SA 1.69% |
| THE SOUTHERN COMPANY 1.53% | Siemens AG 1.41% |
| AMPHENOL CORPORATION 1.51% | Banco Santander SA 1.16% |
| Chubb Limited 1.50% | Allianz SE 1.13% |
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.
| USMV iShares MSCI USA Min Vol Factor ETF | VGK Vanguard European Stock Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Vanguard |
| What it is | MSCI USA Min Vol Factor | European Stock |
| Total return, 1 year | +6.6% | +16.5% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −10.9 pts | −1.0 pts |
| Expense ratio | 0.15% | 0.06% |
| Already in the S&P 500 | 94.8% | 0.0% |
| Holdings | 170 | 1228 |
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%.
VGK in plain words
VGK is an index equity fund tracking the European Stock. Over the year to Sep 11, 2026 it returned +16.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.06% a year. By its holdings filed for Apr 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1228 positions, with the top ten at 18.1%. It sat 3.4% below its high of Aug 25, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, USMV or VGK?
- In the year to Sep 12, 2026, with distributions reinvested, USMV returned +6.6% and VGK returned +16.5%, so VGK returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, USMV or VGK?
- USMV charges 0.15% a year and VGK charges 0.06%, so VGK is cheaper. Fees come from each fund's prospectus.
- How much do USMV and VGK overlap with the S&P 500?
- By their latest filed holdings, 95% of USMV and 0% of VGK 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 VGK, data as of Sep 12, 2026. https://etfiq.com/compare/any/USMV-VGK Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources