Which returned more over the last year, AVEM or USMV?

In the year to Oct 28, 2026, with distributions reinvested, AVEM returned +17.9% and USMV +10.8%.

Which is cheaper, AVEM or USMV?

USMV is cheaper, by 0.18 percentage points a year. That is about $18 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do AVEM and USMV overlap with the S&P 500?

By their latest filed holdings, 0% of AVEM and 93% of USMV by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

AVEM vs USMV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, AVEM returned +17.9% to USMV's +10.8%; 0% of their weight is in the same names.

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Net assets on Oct 27, 2026: $27.3bn for Avantis Emerging Markets Equity ETF and $24.1bn for iShares MSCI USA Min Vol Factor ETF.

AVEM on its own →USMV on its own →

At a glance

+17.9%

AVEM total return, 1 year

+10.8%

USMV total return, 1 year

0.33%

AVEM expense ratio

0.15%

USMV expense ratio

Pair scorecard

USMV costs 0.18 points a year less; their one-year returns differ by 7.1 points; AVEM is 1.1 times larger.

AVEM vs USMV: Differences, Returns & Fees
Measure	AVEM	USMV
Return
Measure	AVEM	USMV
Total return, 1 year	+17.9%	+10.8%
Drawdown
Measure	AVEM	USMV
Below its high	10.2%, high on Jun 22, 2026
Benchmark
Measure	AVEM	USMV
What it tracks	No index, actively managed	MSCI USA Minimum Volatility (USD) Index
Cost and size
Measure	AVEM	USMV
Expense ratio	0.33%	0.15%
Net assets, as of Oct 27, 2026	$27.3bn	$24.1bn
Holdings
Measure	AVEM	USMV
Holdings in common	0%
Top ten holdings, share of the fund	28.7%	14.8%

Holdings in common uses holdings dated Oct 27, 2026. Method

What they share

By the books each fund has filed, AVEM and USMV hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first AVEM USMV

PPB GROUP BERHAD COMMON STOCK 0.01% 0.79%

PREMIER MARKETING PCL NVDR NVDR THB1.0 0.00% 0.59%

SUN INTERNATIONAL LTD COMMON STOCK ZAR.08 0.00% 0.19%

Only in one fund ↓

Only in AVEM

TAIWAN SEMICONDUCTOR SP ADR ADR 6.82%

TAIWAN SEMICONDUCTOR MANUFAC COMMON STOCK TWD10.0 6.09%

SAMSUNG ELECTR GDR REG S GDR 5.35%

SK HYNIX INC COMMON STOCK KRW5000.0 4.89%

TENCENT HOLDINGS LTD COMMON STOCK HKD.00002 1.49%

CHINA CONSTRUCTION BANK H COMMON STOCK CNY1.0 1.02%

MEDIATEK INC COMMON STOCK TWD10.0 0.96%

HON HAI PRECISION INDUSTRY COMMON STOCK TWD10.0 0.73%

Only in USMV

MICROSOFT 1.61%

EXXONMOBIL HOLDINGS CORP 1.54%

BERKSHIRE HATHAWAY INC CLASS B 1.50%

CHUBB 1.50%

MOTOROLA SOLUTIONS INC 1.48%

AMPHENOL CORP CLASS A 1.47%

NVIDIA 1.47%

JOHNSON & JOHNSON 1.44%

Check overlap with more funds →

Side by side

AVEM Avantis Emerging Markets Equity ETF USMV iShares MSCI USA Min Vol Factor ETF

Where it sits Stock ETF Stock ETF

Issuer Avantis iShares

What it is Actively managed Tracks the MSCI USA Min Vol Factor

Total return, 1 year +17.9% +10.8%

Expense ratio 0.33% 0.15%

Already in the S&P 500 0.0% 93.0%

Holdings 4088 176

Net assets, as of Oct 27, 2026 $27.3bn $24.1bn

AVEM and USMV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Alert

About each fund

AVEM

AVEM is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +17.9% with distributions reinvested. The prospectus expense ratio is 0.33% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 4,088 positions, with the top ten at 28.7%. It sat 10.2% below its high of Jun 22, 2026 on Oct 28, 2026.

USMV

USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 28, 2026 it returned +10.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 14.8%.

Questions people ask

Which returned more over the last year, AVEM or USMV?: In the year to Oct 28, 2026, with distributions reinvested, AVEM returned +17.9% and USMV +10.8%.
Which is cheaper, AVEM or USMV?: USMV is cheaper, by 0.18 percentage points a year. That is about $18 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do AVEM and USMV overlap with the S&P 500?: By their latest filed holdings, 0% of AVEM and 93% of USMV by weight is stocks the S&P 500 already holds.

Other comparisons

AVEM vs RDVY AVEM vs CGGR AVEM vs SPMO AVEM vs DFUS EEM vs USMV USMV vs VWO IEMG vs USMV EMXC vs USMV

Where to next

AVEM on its own →USMV on its own →Hold both: look the portfolio through →Rankings →AVEM dividend history →AVEM holdings →USMV dividend history →USMV holdings →Standards and sources →

Sources and dates

AVEM filings on SEC EDGAR ↗

AVEM prospectus with the expense ratio (SEC) ↗

Avantis website ↗

USMV filings on SEC EDGAR ↗

USMV prospectus with the expense ratio (SEC) ↗

iShares page for USMV ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

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ETFIQ, AVEM against USMV, data as of Oct 28, 2026. https://etfiq.com/compare/any/avem-vs-usmv

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.