Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
USMV vs XOP: how they differ
USMV and XOP hold 3% of their weight in the same names, and XOP returned more over the year.
iShares MSCI USA Min Vol Factor ETF and State Street(R) SPDR(R) S&P(R) Oil & Gas Exploration & Production ETF.
What they hold in common
By the books each fund has filed, USMV and XOP hold 3% of their money in the same securities at the same weight.
| Holding | USMV | XOP |
|---|---|---|
| EXXON MOBIL CORPORATION | 1.60% | 2.47% |
| EXPAND ENERGY CORPORATION | 0.41% | 2.80% |
| CHEVRON CORPORATION | 0.41% | 2.38% |
| EOG RESOURCES, INC. | 0.18% | 2.52% |
| Only in USMV | Only in XOP |
|---|---|
| CISCO SYSTEMS, INC. 1.81% | Texas Pacific Land Corp 3.17% |
| NVIDIA CORPORATION 1.64% | PBF Energy Inc 2.91% |
| MICROSOFT CORPORATION 1.56% | Delek US Holdings Inc 2.81% |
| DUKE ENERGY CORPORATION 1.55% | CNX Resources Corp 2.78% |
| THE SOUTHERN COMPANY 1.53% | EQT Corp 2.75% |
| AMPHENOL CORPORATION 1.51% | Valero Energy Corp 2.75% |
| Chubb Limited 1.50% | Antero Resources Corp 2.68% |
| VERIZON COMMUNICATIONS INC. 1.49% | HF Sinclair Corp 2.68% |
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 | XOP State Street(R) SPDR(R) S&P(R) Oil & Gas Exploration & Production ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | State Street |
| What it is | MSCI USA Min Vol Factor | SPDR S&P Oil & Gas Exploration & Production |
| Total return, 1 year | +6.6% | +52.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −10.9 pts | +34.9 pts |
| Expense ratio | 0.15% | 0.35% |
| Holdings | 170 | 51 |
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%.
XOP in plain words
XOP is a commodity fund tracking the SPDR S&P Oil & Gas Exploration & Production. Over the year to Sep 11, 2026 it returned +52.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.35% a year. It sat 26.8% below its high of Jun 23, 2014 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, USMV or XOP?
- In the year to Sep 12, 2026, with distributions reinvested, USMV returned +6.6% and XOP returned +52.4%, so XOP returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, USMV or XOP?
- USMV charges 0.15% a year and XOP charges 0.35%, so USMV is cheaper. Fees come from each fund's prospectus.
Other comparisons
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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 XOP, data as of Sep 12, 2026. https://etfiq.com/compare/any/USMV-XOP Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources