Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
USMV vs VIG: how they differ
USMV and VIG hold 34% of their weight in the same names, and VIG returned more over the year.
iShares MSCI USA Min Vol Factor ETF and Vanguard Dividend Appreciation Index Fund.
What they hold in common
By the books each fund has filed, USMV and VIG hold 34% of their money in the same securities at the same weight.
| Holding | USMV | VIG |
|---|---|---|
| CISCO SYSTEMS, INC. | 1.81% | 1.64% |
| EXXON MOBIL CORPORATION | 1.60% | 2.92% |
| MICROSOFT CORPORATION | 1.56% | 3.99% |
| JOHNSON & JOHNSON | 1.44% | 2.51% |
| THE COCA-COLA COMPANY | 1.20% | 1.38% |
| MERCK & CO., INC. | 1.18% | 1.23% |
| MASTERCARD INCORPORATED | 1.15% | 1.86% |
| THE PROCTER & GAMBLE COMPANY | 1.11% | 1.55% |
| Pepsico, Inc. | 1.02% | 0.98% |
| INTERNATIONAL BUSINESS MACHINES CORPORAT | 1.11% | 0.98% |
| MCDONALD'S CORPORATION | 1.25% | 0.95% |
| VISA INC. | 0.94% | 2.34% |
| Only in USMV | Only in VIG |
|---|---|
| NVIDIA CORPORATION 1.64% | JPMorgan Chase & Co 3.61% |
| DUKE ENERGY CORPORATION 1.55% | Caterpillar Inc 1.88% |
| THE SOUTHERN COMPANY 1.53% | Bank of America Corp 1.58% |
| VERIZON COMMUNICATIONS INC. 1.49% | Lam Research Corp 1.46% |
| BERKSHIRE HATHAWAY INC. 1.42% | Goldman Sachs Group Inc/The 1.20% |
| VERTEX PHARMACEUTICALS INCORPORATED 1.36% | KLA Corp 1.04% |
| CONSOLIDATED EDISON, INC. 1.35% | Morgan Stanley 1.04% |
| WASTE CONNECTIONS, INC. 1.28% | Eaton Corp PLC 0.76% |
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 | VIG Vanguard Dividend Appreciation Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Vanguard |
| What it is | MSCI USA Min Vol Factor | Dividend growth |
| Total return, 1 year | +6.6% | +12.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −10.9 pts | −5.1 pts |
| Expense ratio | 0.15% | 0.04% |
| Already in the S&P 500 | 94.8% | 95.7% |
| Holdings | 170 | 332 |
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%.
VIG in plain words
VIG is an index equity fund tracking the Dividend growth. Over the year to Sep 11, 2026 it returned +12.4% 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 Apr 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 332 positions, with the top ten at 32.7%.
Questions people ask
- Which returned more over the last year, USMV or VIG?
- In the year to Sep 12, 2026, with distributions reinvested, USMV returned +6.6% and VIG returned +12.4%, so VIG returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, USMV or VIG?
- USMV charges 0.15% a year and VIG charges 0.04%, so VIG is cheaper. Fees come from each fund's prospectus.
- How much do USMV and VIG overlap with the S&P 500?
- By their latest filed holdings, 95% of USMV and 96% of VIG by weight is stocks the S&P 500 already holds. Between the two funds, 34% 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 VIG, data as of Sep 12, 2026. https://etfiq.com/compare/any/USMV-VIG Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources