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

In the year to Oct 9, 2026, with distributions reinvested, AVLC returned +20.9% and USMV +7.5%.

Which is cheaper, AVLC or USMV?

Neither: AVLC and USMV both charge 0.15% a year. Fees come from each fund's prospectus.

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

By their latest filed holdings, 89% of AVLC and 93% of USMV by weight is stocks the S&P 500 already holds.

Compare their flows Ask IQ about these two funds

AVLC vs USMV: Differences, Returns & Fees

AVLC and USMV hold 33% of their weight in the same names, and AVLC returned +20.9% over the year. Net assets: $1.3bn on May 31, 2026 for Avantis U.S. Large Cap Equity ETF, and $23.8bn on Oct 9, 2026 for iShares MSCI USA Min Vol Factor ETF.

Both cost 0.15% a year; their one-year returns differ by 13.4 points; USMV is far larger, $23.9bn against $481m.

Points (pts) are percentage points.

AVLC vs USMV: Differences, Returns & Fees
	AVLC	USMV
Expense ratio	0.15%	0.15%
Net assets, as of Feb 28, 2025	$481m	$23.9bn
Total return, 1 year	+20.9%	+7.5%
What it tracks	No index, actively managed	MSCI USA Minimum Volatility (USD) Index
Holdings in common	33%
Top ten holdings, share of the fund	30.9%	15.1%

Holdings in common uses holdings dated Oct 8, 2026 and Oct 9, 2026.

+20.9%

AVLC total return, 1 year

+7.5%

USMV total return, 1 year

0.15%

AVLC expense ratio

0.15%

USMV expense ratio

What they hold in common

By the books each fund has filed, AVLC and USMV hold 33% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 8, 2026 and Oct 9, 2026.

50%

half

33% in common

Positions both hold, largest shared weight first

Holding AVLC USMV

MICROSOFT CORP COMMON STOCK USD.00000625 4.90% 1.66%

NVIDIA CORP COMMON STOCK USD.001 5.68% 1.59%

EXXONMOBIL HOLDINGS CORP COMMON STOCK 1.15% 1.49%

APPLE INC COMMON STOCK USD.00001 5.74% 0.96%

BROADCOM INC COMMON STOCK 1.76% 0.93%

ADVANCED MICRO DEVICES COMMON STOCK USD.01 1.04% 0.86%

ELI LILLY + CO COMMON STOCK 1.27% 0.79%

MICRON TECHNOLOGY INC COMMON STOCK USD.1 2.25% 0.79%

VISA INC CLASS A SHARES COMMON STOCK USD.0001 0.73% 1.03%

APPLIED MATERIALS INC COMMON STOCK USD.01 0.64% 0.63%

MERCK + CO. INC. COMMON STOCK USD.5 0.61% 1.44%

CHEVRON CORP COMMON STOCK USD.75 0.60% 0.61%

Only in AVLC

ALPHABET INC CL A COMMON STOCK USD.001 1.75%

JPMORGAN CHASE + CO COMMON STOCK USD1.0 1.39%

BERKSHIRE HATHAWAY INC CL B COMMON STOCK USD.0033 0.68%

CATERPILLAR INC COMMON STOCK USD1.0 0.64%

TESLA INC COMMON STOCK USD.001 0.64%

INTEL CORP COMMON STOCK USD.001 0.50%

WELLS FARGO + CO COMMON STOCK USD1.666 0.49%

MORGAN STANLEY COMMON STOCK USD.01 0.48%

Only in USMV

BERKSHIRE HATHAWAY INC CLASS B 1.46%

WELLTOWER 1.44%

PTC 0.68%

REALTY INCOME REIT 0.57%

SUN COMMUNITIES REIT INC 0.20%

VENTAS REIT 0.15%

WEYERHAEUSER REIT 0.11%

DOW JONES US REAL ESTATE DEC 26 0.00%

Check overlap with more funds →

On the same fields

AVLC

Avantis U.S. Large Cap 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 +20.9% +7.5%

Its benchmark over the same days +16.6% (IWB) not published

Gap to its benchmark +4.3 pts vs IWB not available

Expense ratio 0.15% 0.15%

Already in the S&P 500 89.1% 93.0%

Holdings 831 176

Net assets, AVLC as of May 31, 2026 and USMV as of Oct 9, 2026 $1.3bn $23.8bn

AVLC and USMV on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About AVLC

AVLC is actively managed and tracks no index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 8, 2026, 89% of the fund by weight is stocks the S&P 500 also holds, across 831 positions, with the top ten at 30.9%.

Over the year to Oct 9, 2026 it returned +20.9% with distributions reinvested, against +16.6% for its benchmark, the Russell 1000.

About USMV

USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 9, 2026 it returned +7.5% with distributions reinvested. By its holdings published by its issuer for Oct 9, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 15.1%.

Questions people ask

Which returned more over the last year, AVLC or USMV?: In the year to Oct 9, 2026, with distributions reinvested, AVLC returned +20.9% and USMV +7.5%.
Which is cheaper, AVLC or USMV?: Neither: AVLC and USMV both charge 0.15% a year. Fees come from each fund's prospectus.
How much do AVLC and USMV overlap with the S&P 500?: By their latest filed holdings, 89% of AVLC and 93% of USMV by weight is stocks the S&P 500 already holds.

Other comparisons

AVLC vs SPMO AVLC vs RDVY AVLC vs DFUS AVLC vs OEF SUSL vs USMV FTGS vs USMV TDVG vs USMV FFLC vs USMV

AVLC on its own →USMV on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

AVLC filings on SEC EDGAR ↗AVLC prospectus with the expense ratio (SEC) ↗Avantis website ↗USMV filings on SEC EDGAR ↗USMV prospectus with the expense ratio (SEC) ↗iShares page for USMV ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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.

Cite this pageCitation, APA and Markdown

ETFIQ, AVLC against USMV, data as of Oct 9, 2026. https://etfiq.com/compare/any/avlc-vs-usmv

Open data

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