Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
DVY vs USMV: how they differ
DVY and USMV hold 12% of their weight in the same names, and DVY returned more over the year.
iShares Select Dividend ETF and iShares MSCI USA Min Vol Factor ETF.
What they hold in common
By the books each fund has filed, DVY and USMV hold 12% of their money in the same securities at the same weight.
| Holding | DVY | USMV |
|---|---|---|
| VERIZON COMMUNICATIONS INC | 1.87% | 1.49% |
| MERCK & CO INC | 1.12% | 1.46% |
| EXXONMOBIL HOLDINGS CORP | 1.04% | 1.48% |
| COCA-COLA | 1.00% | 1.28% |
| AT&T | 1.17% | 0.93% |
| WEC ENERGY GROUP | 1.00% | 0.79% |
| MONDELEZ INTERNATIONAL INC CLASS A | 1.22% | 0.73% |
| GILEAD SCIENCES | 0.71% | 0.87% |
| CHEVRON | 1.48% | 0.63% |
| MCDONALDS CORP | 0.58% | 1.03% |
| PHILIP MORRIS INTERNATIONAL INC | 1.14% | 0.57% |
| LOCKHEED MARTIN CORP | 0.56% | 0.78% |
| Only in DVY | Only in USMV |
|---|---|
| HP INC 2.46% | AMPHENOL CORP CLASS A 1.58% |
| PFIZER 2.24% | MICROSOFT 1.56% |
| PRUDENTIAL FINANCIAL INC 2.17% | NVIDIA 1.54% |
| ALTRIA GROUP INC 2.12% | WELLTOWER 1.53% |
| T ROWE PRICE GROUP 2.06% | CHUBB 1.49% |
| ONEOK 1.85% | JOHNSON & JOHNSON 1.49% |
| TARGET CORP 1.69% | MOTOROLA SOLUTIONS INC 1.48% |
| FORD MOTOR CO 1.55% | BERKSHIRE HATHAWAY INC CLASS B 1.46% |
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 Sep 10, 2026.
| DVY iShares Select Dividend ETF | USMV iShares MSCI USA Min Vol Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | US dividend | MSCI USA Min Vol Factor |
| Total return, 1 year | +18.0% | +6.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +0.5 pts | −10.9 pts |
| Expense ratio | 0.38% | 0.15% |
| Already in the S&P 500 | 80.5% | 94.8% |
| Holdings | 101 | 175 |
DVY in plain words
DVY is an index equity fund tracking the US dividend. Over the year to Sep 11, 2026 it returned +18.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.38% a year. By its holdings filed for Sep 10, 2026, 80% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 19.5%.
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 Sep 10, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 175 positions, with the top ten at 15.1%.
Questions people ask
- Which returned more over the last year, DVY or USMV?
- In the year to Sep 13, 2026, with distributions reinvested, DVY returned +18.0% and USMV returned +6.6%, so DVY returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, DVY or USMV?
- DVY charges 0.38% a year and USMV charges 0.15%, so USMV is cheaper. Fees come from each fund's prospectus.
- How much do DVY and USMV overlap with the S&P 500?
- By their latest filed holdings, 80% of DVY and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 12% of their books are the same securities at the same weight.
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, DVY against USMV, data as of Sep 13, 2026. https://etfiq.com/compare/any/dvy-vs-usmv Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources