Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
USMV vs XLE: how they differ
USMV and XLE hold 3% of their weight in the same names, and XLE returned more over the year.
iShares MSCI USA Min Vol Factor ETF and State Street(R) Energy Select Sector SPDR(R) ETF.
What they hold in common
By the books each fund has filed, USMV and XLE hold 3% of their money in the same securities at the same weight.
| Holding | USMV | XLE |
|---|---|---|
| EXXON MOBIL CORPORATION | 1.60% | 22.71% |
| THE WILLIAMS COMPANIES, INC. | 0.49% | 5.04% |
| EXPAND ENERGY CORPORATION | 0.41% | 1.31% |
| CHEVRON CORPORATION | 0.41% | 16.12% |
| EOG RESOURCES, INC. | 0.18% | 4.15% |
| Only in USMV | Only in XLE |
|---|---|
| CISCO SYSTEMS, INC. 1.81% | ConocoPhillips 6.58% |
| NVIDIA CORPORATION 1.64% | Valero Energy Corp 4.65% |
| MICROSOFT CORPORATION 1.56% | Marathon Petroleum Corp 4.49% |
| DUKE ENERGY CORPORATION 1.55% | SLB Ltd 4.10% |
| THE SOUTHERN COMPANY 1.53% | Phillips 66 4.08% |
| AMPHENOL CORPORATION 1.51% | Kinder Morgan Inc 3.76% |
| Chubb Limited 1.50% | Targa Resources Corp 3.46% |
| VERIZON COMMUNICATIONS INC. 1.49% | Baker Hughes Co 3.31% |
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 | XLE State Street(R) Energy Select Sector SPDR(R) ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | State Street |
| What it is | MSCI USA Min Vol Factor | Energy |
| Total return, 1 year | +6.6% | +50.7% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −10.9 pts | +33.2 pts |
| Expense ratio | 0.15% | 0.08% |
| Already in the S&P 500 | 94.8% | 100.0% |
| Holdings | 170 | 21 |
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%.
XLE in plain words
XLE is an index equity fund tracking the Energy. Over the year to Sep 11, 2026 it returned +50.7% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.08% 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 21 positions, with the top ten at 75.7%.
Questions people ask
- Which returned more over the last year, USMV or XLE?
- In the year to Sep 12, 2026, with distributions reinvested, USMV returned +6.6% and XLE returned +50.7%, so XLE returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, USMV or XLE?
- USMV charges 0.15% a year and XLE charges 0.08%, so XLE is cheaper. Fees come from each fund's prospectus.
- How much do USMV and XLE overlap with the S&P 500?
- By their latest filed holdings, 95% of USMV and 100% of XLE by weight is stocks the S&P 500 already holds. Between the two funds, 3% 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 XLE, data as of Sep 12, 2026. https://etfiq.com/compare/any/USMV-XLE Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources