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

In the year to Oct 28, 2026, with distributions reinvested, IEI returned −1.1% and USMV +10.8%.

Which is cheaper, IEI or USMV?

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

Data as of Oct 28, 2026.

Across categories

IEI vs USMV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IEI returned −1.1% to USMV's +10.8%; 0% of their weight is in the same names.

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Net assets on Oct 27, 2026: $17.0bn for iShares 3-7 Year Treasury Bond ETF and $24.1bn for iShares MSCI USA Min Vol Factor ETF.

IEI on its own →USMV on its own →

At a glance

−1.1%

IEI total return, 1 year

+10.8%

USMV total return, 1 year

0.15%

IEI expense ratio

0.15%

USMV expense ratio

Pair scorecard

Both cost 0.15% a year; their one-year returns differ by 11.9 points; USMV is 1.4 times larger.

IEI vs USMV: Differences, Returns & Fees
Measure	IEI	USMV
Return
Measure	IEI	USMV
Total return, 1 year	−1.1%	+10.8%
Benchmark
Measure	IEI	USMV
What it tracks	ICE U.S. Treasury 3-7 Year Bond Index	MSCI USA Minimum Volatility (USD) Index
Cost and size
Measure	IEI	USMV
Expense ratio	0.15%	0.15%
Net assets, as of Oct 27, 2026	$17.0bn	$24.1bn
Holdings
Measure	IEI	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

Risk and return

Oct 28, 2011 to Oct 23, 2026 · 782 weekly returns

IEI USMV

Return

Total return edge USMV +23.9% +423.5%

Annualized edge USMV +1.4% +11.6%

Price return edge USMV −4.9% +295.7%

Risk

Volatility edge IEI 3.6% 13.4%

Max drawdown edge IEI −14.1% −30.6%

Risk-adjusted

Sharpe edge USMV −0.06 0.76

Sortino edge USMV −0.09 1.09

Calmar edge USMV 0.10 0.38

Reading

USMV returned more: +423.5% to +23.9%. IEI swung less: 3.6% to 13.4%. IEI fell less at its worst: −14.1% to −30.6%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: IEI vs USMV: Differences, Returns & Fees
Measure	IEI	USMV	Edge	How it is measured
Return
Total return	+23.9%	+423.5%	USMV	Price change plus distributions, reinvested.
Annualized	+1.4%	+11.6%	USMV	Total return as a yearly rate.
Price return	−4.9%	+295.7%	USMV	Price change alone, distributions left out.
Risk
Volatility	3.6%	13.4%	IEI	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	2.5%	9.3%	IEI	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−14.1%	−30.6%	IEI	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.06	0.76	USMV	Return above Treasury bills per unit of volatility.
Sortino	−0.09	1.09	USMV	Return above Treasury bills per unit of downside deviation.
Calmar	0.10	0.38	USMV	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 782 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, IEI 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 IEI USMV

Only in one fund ↓

Only in IEI

TREASURY NOTE 2.95%

TREASURY NOTE (2OLD) 2.36%

TREASURY NOTE 2.31%

TREASURY NOTE 2.29%

TREASURY NOTE 2.27%

TREASURY NOTE 2.25%

TREASURY NOTE 2.20%

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

IEI iShares 3-7 Year 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 3-7 Year Treasury Bond Tracks the MSCI USA Min Vol Factor

Total return, 1 year −1.1% +10.8%

Expense ratio 0.15% 0.15%

Holdings 82 176

Net assets, as of Oct 27, 2026 $17.0bn $24.1bn

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

Client brief · page 1 of 2 Report BR-0B6D643DE0

IEI and USMV do different jobs. What does each one do in a portfolio?

What each follows. IEI follows ICE U.S. Treasury 3-7 Year Bond Index and USMV follows MSCI USA Minimum Volatility (USD) Index.
Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 IEI returned −1.1% and USMV +10.8% with distributions reinvested, a gap of 11.9 points.

Data as of Oct 28, 2026.

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About each fund

IEI

IEI tracks an index of 3-7 Year Treasury Bond. Over the year to Oct 28, 2026 it returned −1.1% with distributions reinvested. The prospectus expense ratio is 0.15% a year.

USMV

USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 28, 2026 it returned +10.8% with distributions reinvested. 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, IEI or USMV?: In the year to Oct 28, 2026, with distributions reinvested, IEI returned −1.1% and USMV +10.8%.
Which is cheaper, IEI or USMV?: Neither: IEI and USMV both charge 0.15% a year. Fees come from each fund's prospectus.

Other comparisons

IEI vs RDVY CGGR vs IEI IEI vs SPMO DFUS vs IEI SHY vs USMV USMV vs VGSH SCHP vs USMV IGIB vs USMV

Where to next

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

Sources and dates

IEI and USMV filings on SEC EDGAR ↗

IEI prospectus with the expense ratio (SEC) ↗

iShares page for IEI ↗

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

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