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

In the year to Oct 28, 2026, with distributions reinvested, GOVT returned −1.5% and USMV +10.8%.

Which is cheaper, GOVT or USMV?

GOVT is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

GOVT vs USMV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, GOVT returned −1.5% to USMV's +10.8%; 0% of their weight is in the same names.

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Net assets on Oct 27, 2026: $42.8bn for iShares U.S. Treasury Bond ETF and $24.1bn for iShares MSCI USA Min Vol Factor ETF.

GOVT on its own →USMV on its own →

At a glance

−1.5%

GOVT total return, 1 year

+10.8%

USMV total return, 1 year

0.05%

GOVT expense ratio

0.15%

USMV expense ratio

Pair scorecard

GOVT costs 0.10 points a year less; their one-year returns differ by 12.3 points; GOVT is 1.8 times larger.

GOVT vs USMV: Differences, Returns & Fees
Measure	GOVT	USMV
Return
Measure	GOVT	USMV
Total return, 1 year	−1.5%	+10.8%
Drawdown
Measure	GOVT	USMV
Below its high	8.1%, high on Aug 4, 2020
Benchmark
Measure	GOVT	USMV
What it tracks	ICE U.S. Treasury Core Bond Index	MSCI USA Minimum Volatility (USD) Index
Cost and size
Measure	GOVT	USMV
Expense ratio	0.05%	0.15%
Net assets, as of Oct 27, 2026	$42.8bn	$24.1bn
Holdings
Measure	GOVT	USMV
Holdings in common	0%
In the S&P 500, by weight		93%
Top ten holdings, share of the fund		14.8%

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

What they share

By the books each fund has filed, GOVT 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 GOVT USMV

Only in one fund ↓

Only in GOVT

TREASURY NOTE 5.17%

TREASURY NOTE 2.98%

TREASURY NOTE 2.12%

TREASURY NOTE 1.95%

TREASURY NOTE 1.65%

TREASURY BOND 1.51%

TREASURY BOND 1.46%

TREASURY BOND 1.42%

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

GOVT iShares U.S. Treasury Bond ETF USMV iShares MSCI USA Min Vol Factor ETF

Where it sits Bond ETF Stock ETF

Issuer iShares iShares

What it is Tracks an index of U.S. Treasury Bond Tracks the MSCI USA Min Vol Factor

Total return, 1 year −1.5% +10.8%

Expense ratio 0.05% 0.15%

Holdings 229 176

Net assets, as of Oct 27, 2026 $42.8bn $24.1bn

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

Alert

About each fund

GOVT

GOVT tracks an index of U.S. Treasury Bond. Over the year to Oct 28, 2026 it returned −1.5% with distributions reinvested. The prospectus expense ratio is 0.05% a year. It sat 8.1% below its high of Aug 4, 2020 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, GOVT or USMV?: In the year to Oct 28, 2026, with distributions reinvested, GOVT returned −1.5% and USMV +10.8%.
Which is cheaper, GOVT or USMV?: GOVT is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

GOVT vs GRNY GOVT vs RDVY CGGR vs GOVT GOVT vs SPMO IEF vs USMV USMV vs VGIT USMV vs VGSH JAAA vs USMV

Where to next

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

Sources and dates

GOVT and USMV filings on SEC EDGAR ↗

GOVT prospectus with the expense ratio (SEC) ↗

iShares page for GOVT ↗

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.

Cite this pageCitation, APA and Markdown

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

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