Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
USMV vs XRT: how they differ
USMV and XRT hold 5% of their weight in the same names, and USMV returned more over the year.
iShares MSCI USA Min Vol Factor ETF and State Street(R) SPDR(R) S&P(R) Retail ETF.
What they hold in common
By the books each fund has filed, USMV and XRT hold 5% of their money in the same securities at the same weight.
| Holding | USMV | XRT |
|---|---|---|
| THE TJX COMPANIES, INC. | 1.15% | 1.22% |
| AUTOZONE, INC. | 0.95% | 1.39% |
| WALMART INC. | 0.88% | 1.27% |
| O'Reilly Automotive, Inc. | 0.83% | 1.38% |
| THE KROGER CO. | 0.70% | 1.17% |
| COSTCO WHOLESALE CORPORATION | 0.32% | 1.29% |
| AMAZON.COM, INC. | 0.15% | 1.35% |
| Only in USMV | Only in XRT |
|---|---|
| CISCO SYSTEMS, INC. 1.81% | Groupon Inc 1.78% |
| NVIDIA CORPORATION 1.64% | RealReal Inc/The 1.75% |
| EXXON MOBIL CORPORATION 1.60% | Bath & Body Works Inc 1.73% |
| MICROSOFT CORPORATION 1.56% | Warby Parker Inc 1.64% |
| DUKE ENERGY CORPORATION 1.55% | Upbound Group Inc 1.59% |
| THE SOUTHERN COMPANY 1.53% | Coupang Inc 1.55% |
| AMPHENOL CORPORATION 1.51% | Maplebear Inc 1.55% |
| Chubb Limited 1.50% | Revolve Group Inc 1.52% |
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 | XRT State Street(R) SPDR(R) S&P(R) Retail 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 Retail |
| Total return, 1 year | +6.6% | −3.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −10.9 pts | −20.6 pts |
| Expense ratio | 0.15% | 0.35% |
| Already in the S&P 500 | 94.8% | 22.5% |
| Holdings | 170 | 75 |
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%.
XRT in plain words
XRT is an index equity fund tracking the SPDR S&P Retail. Over the year to Sep 11, 2026 it returned −3.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.35% a year. By its holdings filed for Jun 30, 2026, 22% of the fund by weight is stocks the S&P 500 also holds, across 75 positions, with the top ten at 16.1%. It sat 12.2% below its high of Nov 16, 2021 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, USMV or XRT?
- In the year to Sep 12, 2026, with distributions reinvested, USMV returned +6.6% and XRT returned −3.0%, so USMV returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, USMV or XRT?
- USMV charges 0.15% a year and XRT charges 0.35%, so USMV is cheaper. Fees come from each fund's prospectus.
- How much do USMV and XRT overlap with the S&P 500?
- By their latest filed holdings, 95% of USMV and 22% of XRT by weight is stocks the S&P 500 already holds. Between the two funds, 5% of their books are the same securities at the same weight.
Other comparisons
Where to next
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 XRT, data as of Sep 12, 2026. https://etfiq.com/compare/any/USMV-XRT Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources