Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
FDVV vs USMV: how they differ
FDVV and USMV hold 0% of their weight in the same names, and FDVV returned more over the year.
Fidelity High Dividend ETF and iShares MSCI USA Min Vol Factor ETF.
What they hold in common
By the books each fund has filed, FDVV and USMV hold 0% of their money in the same securities at the same weight.
| Only in FDVV | Only in USMV |
|---|---|
| NVIDIA CORP 6.86% | AMPHENOL CORP CLASS A 1.58% |
| APPLE INC 5.70% | MICROSOFT 1.56% |
| MICROSOFT CORP 4.50% | NVIDIA 1.54% |
| BROADCOM INC 3.50% | WELLTOWER 1.53% |
| JPMORGAN CHASE and CO 2.58% | CHUBB 1.49% |
| ALPHABET INC 2.21% | JOHNSON & JOHNSON 1.49% |
| COCA COLA CO 1.85% | VERIZON COMMUNICATIONS INC 1.49% |
| PROCTER and GAMBLE CO 1.81% | EXXONMOBIL HOLDINGS CORP 1.48% |
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 Sep 10, 2026.
| FDVV Fidelity High Dividend ETF | USMV iShares MSCI USA Min Vol Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Fidelity | iShares |
| What it is | High Dividend | MSCI USA Min Vol Factor |
| Total return, 1 year | +17.2% | +6.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −0.3 pts | −10.9 pts |
| Expense ratio | 0.15% | 0.15% |
| Already in the S&P 500 | 86.7% | 94.8% |
| Holdings | 96 | 175 |
FDVV in plain words
FDVV is an index equity fund tracking the High Dividend. Over the year to Sep 11, 2026 it returned +17.2% 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, 87% of the fund by weight is stocks the S&P 500 also holds, across 96 positions, with the top ten at 32.5%.
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. 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, FDVV or USMV?
- In the year to Sep 13, 2026, with distributions reinvested, FDVV returned +17.2% and USMV returned +6.6%, so FDVV returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, FDVV or USMV?
- FDVV charges 0.15% a year and USMV charges 0.15%, so FDVV is cheaper. Fees come from each fund's prospectus.
- How much do FDVV and USMV overlap with the S&P 500?
- By their latest filed holdings, 87% of FDVV and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 0% 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, FDVV against USMV, data as of Sep 13, 2026. https://etfiq.com/compare/any/fdvv-vs-usmv Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources