Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
USMV vs XOVR: how they differ
USMV and XOVR hold 3% of their weight in the same names, and USMV returned more over the year.
iShares MSCI USA Min Vol Factor ETF and ERShares Private-Public Crossover ETF.
What they hold in common
By the books each fund has filed, USMV and XOVR hold 3% of their money in the same securities at the same weight.
| Holding | USMV | XOVR |
|---|---|---|
| NVIDIA CORPORATION | 1.64% | 9.48% |
| ARISTA NETWORKS, INC. | 0.52% | 2.31% |
| PALANTIR TECHNOLOGIES INC. | 0.50% | 0.56% |
| DOORDASH, INC. | 0.20% | 2.04% |
| APPLOVIN CORPORATION | 0.11% | 3.95% |
| Astera Labs, Inc | 0.09% | 7.75% |
| META PLATFORMS, INC. | 0.09% | 4.47% |
| Only in USMV | Only in XOVR |
|---|---|
| CISCO SYSTEMS, INC. 1.81% | Alphabet Inc 6.53% |
| EXXON MOBIL CORPORATION 1.60% | Natera Inc 3.70% |
| MICROSOFT CORPORATION 1.56% | Robinhood Markets Inc 3.56% |
| DUKE ENERGY CORPORATION 1.55% | Veeva Systems Inc 3.17% |
| THE SOUTHERN COMPANY 1.53% | Reddit Inc 2.78% |
| AMPHENOL CORPORATION 1.51% | Affirm Holdings Inc 2.64% |
| Chubb Limited 1.50% | Axon Enterprise Inc 2.60% |
| VERIZON COMMUNICATIONS INC. 1.49% | Rocket Lab Corp 2.50% |
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 | XOVR ERShares Private-Public Crossover ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | ERShares |
| What it is | MSCI USA Min Vol Factor | Private-Public Crossover |
| Total return, 1 year | +6.6% | 0.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −10.9 pts | −17.5 pts |
| Expense ratio | 0.15% | 0.75% |
| Already in the S&P 500 | 94.8% | 43.4% |
| Holdings | 170 | 32 |
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%.
XOVR in plain words
XOVR is an index equity fund tracking the Private-Public Crossover. Over the year to Sep 11, 2026 it returned 0.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.75% a year. By its holdings filed for Jun 30, 2026, 43% of the fund by weight is stocks the S&P 500 also holds, across 32 positions, with the top ten at 63.1%. It sat 4.2% below its high of Oct 27, 2025 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, USMV or XOVR?
- In the year to Sep 12, 2026, with distributions reinvested, USMV returned +6.6% and XOVR returned 0.0%, so USMV returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, USMV or XOVR?
- USMV charges 0.15% a year and XOVR charges 0.75%, so USMV is cheaper. Fees come from each fund's prospectus.
- How much do USMV and XOVR overlap with the S&P 500?
- By their latest filed holdings, 95% of USMV and 43% of XOVR 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 XOVR, data as of Sep 12, 2026. https://etfiq.com/compare/any/USMV-XOVR Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources