Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
USMV vs VOOG: how they differ
USMV and VOOG hold 22% of their weight in the same names, and VOOG returned more over the year.
iShares MSCI USA Min Vol Factor ETF and Vanguard S&P 500 Growth Index Fund.
What they hold in common
By the books each fund has filed, USMV and VOOG hold 22% of their money in the same securities at the same weight.
| Holding | USMV | VOOG |
|---|---|---|
| NVIDIA CORPORATION | 1.64% | 14.29% |
| MICROSOFT CORPORATION | 1.56% | 9.31% |
| BERKSHIRE HATHAWAY INC. | 1.42% | 2.42% |
| JOHNSON & JOHNSON | 1.44% | 0.89% |
| VISA INC. | 0.94% | 0.84% |
| APPLE INC. | 0.82% | 6.38% |
| MASTERCARD INCORPORATED | 1.15% | 0.75% |
| CISCO SYSTEMS, INC. | 1.81% | 0.70% |
| ELI LILLY AND COMPANY | 0.66% | 2.44% |
| ADVANCED MICRO DEVICES, INC. | 0.53% | 2.34% |
| AMPHENOL CORPORATION | 1.51% | 0.51% |
| BROADCOM INC. | 0.50% | 5.90% |
| Only in USMV | Only in VOOG |
|---|---|
| EXXON MOBIL CORPORATION 1.60% | Alphabet Inc 6.17% |
| DUKE ENERGY CORPORATION 1.55% | Tesla Inc 2.12% |
| THE SOUTHERN COMPANY 1.53% | JPMorgan Chase & Co 1.43% |
| Chubb Limited 1.50% | Caterpillar Inc 1.14% |
| VERIZON COMMUNICATIONS INC. 1.49% | Lam Research Corp 1.11% |
| WASTE MANAGEMENT, INC. 1.48% | KLA Corp 0.70% |
| MOTOROLA SOLUTIONS, INC. 1.46% | Sandisk Corp/DE 0.70% |
| VERTEX PHARMACEUTICALS INCORPORATED 1.36% | Goldman Sachs Group Inc/The 0.53% |
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 May 31, 2026.
| USMV iShares MSCI USA Min Vol Factor ETF | VOOG Vanguard S&P 500 Growth Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Vanguard |
| What it is | MSCI USA Min Vol Factor | S&P 500 Growth |
| Total return, 1 year | +6.6% | +17.8% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −10.9 pts | +0.3 pts |
| Expense ratio | 0.15% | 0.05% |
| Already in the S&P 500 | 94.8% | 100.0% |
| Holdings | 170 | 146 |
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%.
VOOG in plain words
VOOG is an index equity fund tracking the S&P 500 Growth. Over the year to Sep 11, 2026 it returned +17.8% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.05% a year. By its holdings filed for May 31, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 146 positions, with the top ten at 60.2%.
Questions people ask
- Which returned more over the last year, USMV or VOOG?
- In the year to Sep 12, 2026, with distributions reinvested, USMV returned +6.6% and VOOG returned +17.8%, so VOOG returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, USMV or VOOG?
- USMV charges 0.15% a year and VOOG charges 0.05%, so VOOG is cheaper. Fees come from each fund's prospectus.
- How much do USMV and VOOG overlap with the S&P 500?
- By their latest filed holdings, 95% of USMV and 100% of VOOG 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, USMV against VOOG, data as of Sep 12, 2026. https://etfiq.com/compare/any/USMV-VOOG Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources