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

In the year to Oct 9, 2026, with distributions reinvested, FLQL returned +18.4% and USMV +7.5%.

Which is cheaper, FLQL or USMV?

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

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

By their latest filed holdings, 90% of FLQL and 93% of USMV by weight is stocks the S&P 500 already holds.

Compare their flows Ask IQ about these two funds

FLQL vs USMV: Differences, Returns & Fees

FLQL and USMV hold 25% of their weight in the same names, and FLQL returned +18.4% over the year. Net assets on Oct 9, 2026: $2.2bn for Franklin U.S. Large Cap Multifactor Index ETF and $23.8bn for iShares MSCI USA Min Vol Factor ETF.

Both cost 0.15% a year; their one-year returns differ by 10.9 points; USMV is 10.8 times larger.

FLQL vs USMV: Differences, Returns & Fees
	FLQL	USMV
Expense ratio	0.15%	0.15%
Net assets	$2.2bn	$23.8bn
Total return, 1 year	+18.4%	+7.5%
What it tracks	not read by ETFIQ	MSCI USA Minimum Volatility (USD) Index
Holdings in common	25%
Top ten holdings, share of the fund	36.0%	15.1%

Holdings in common uses holdings dated Jun 30, 2026 and Oct 9, 2026.

+18.4%

FLQL total return, 1 year

+7.5%

USMV total return, 1 year

0.15%

FLQL expense ratio

0.15%

USMV expense ratio

What they hold in common

By the books each fund has filed, FLQL and USMV hold 25% 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 Jun 30, 2026 and Oct 9, 2026.

50%

half

25% in common

Positions both hold, largest shared weight first

Holding FLQL USMV

MICROSOFT CORP 3.82% 1.66%

NVIDIA CORP 6.72% 1.59%

EXXONMOBIL HOLDINGS CORP 1.72% 1.49%

CISCO SYSTEMS INC 1.52% 1.47%

JOHNSON & JOHNSON 1.86% 1.44%

MERCK & COMPANY INC 1.28% 1.44%

VERIZON COMMUNICATIONS INC 1.04% 1.22%

BERKSHIRE HATHAWAY INC 0.97% 1.46%

APPLE INC 6.88% 0.96%

BROADCOM INC 2.47% 0.93%

ELI LILLY & COMPANY 1.38% 0.79%

MICRON TECHNOLOGY INC 0.87% 0.79%

Only in FLQL

ALPHABET INC 3.02%

KLA CORP 1.98%

CATERPILLAR INC 1.77%

TESLA INC 1.35%

CITIGROUP INC 1.35%

MORGAN STANLEY 1.30%

GOLDMAN SACHS GROUP INC (THE) 1.29%

JP MORGAN CHASE & COMPANY 1.11%

Only in USMV

AMPHENOL CORP CLASS A 1.68%

CHUBB 1.47%

WELLTOWER 1.44%

MCKESSON CORP 1.42%

MOTOROLA SOLUTIONS INC 1.39%

VERTEX PHARMACEUTICALS 1.35%

DUKE ENERGY CORP 1.32%

SOUTHERN 1.29%

Check overlap with more funds →

On the same fields

FLQL

Franklin U.S. Large Cap Multifactor Index ETF

USMV

iShares MSCI USA Min Vol Factor ETF

Where it sits Stock ETF Stock ETF

Issuer Franklin iShares

What it is Tracks an index Tracks the MSCI USA Min Vol Factor

Total return, 1 year +18.4% +7.5%

Expense ratio 0.15% 0.15%

Already in the S&P 500 89.5% 93.0%

Holdings 215 176

Net assets $2.2bn $23.8bn

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

About FLQL

FLQL tracks an index. Over the year to Oct 9, 2026 it returned +18.4% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jun 30, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 215 positions, with the top ten at 36.0%.

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, FLQL or USMV?: In the year to Oct 9, 2026, with distributions reinvested, FLQL returned +18.4% and USMV +7.5%.
Which is cheaper, FLQL or USMV?: Neither: FLQL and USMV both charge 0.15% a year. Fees come from each fund's prospectus.
How much do FLQL and USMV overlap with the S&P 500?: By their latest filed holdings, 90% of FLQL and 93% of USMV by weight is stocks the S&P 500 already holds.

Other comparisons

FLQL vs SPMO FLQL vs RDVY DFUS vs FLQL FLQL vs OEF QDF vs USMV SFLR vs USMV IWL vs USMV GUSA vs USMV

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

Where these figures came from

FLQL filings on SEC EDGAR ↗FLQL prospectus with the expense ratio (SEC) ↗Franklin 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, FLQL against USMV, data as of Oct 9, 2026. https://etfiq.com/compare/any/flql-vs-usmv

Open data

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