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

In the year to Oct 28, 2026, with distributions reinvested, IGM returned +21.7% and USMV +10.8%.

Which is cheaper, IGM or USMV?

USMV is cheaper, by 0.22 percentage points a year. That is about $22 on $10,000 held for a year. Fees come from each fund's prospectus.

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

By their latest filed holdings, 92% of IGM and 93% of USMV by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

IGM vs USMV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IGM returned +21.7% to USMV's +10.8%; 25% of their weight is in the same names.

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Net assets on Oct 27, 2026: $11.0bn for iShares Expanded Tech Sector ETF and $24.1bn for iShares MSCI USA Min Vol Factor ETF.

IGM on its own →USMV on its own →

At a glance

+21.7%

IGM total return, 1 year

+10.8%

USMV total return, 1 year

0.37%

IGM expense ratio

0.15%

USMV expense ratio

Pair scorecard

USMV costs 0.22 points a year less; their one-year returns differ by 10.9 points; USMV is 2.2 times larger.

IGM vs USMV: Differences, Returns & Fees
Measure	IGM	USMV
Return
Measure	IGM	USMV
Total return, 1 year	+21.7%	+10.8%
Drawdown
Measure	IGM	USMV
Below its high	6.2%, high on Oct 6, 2026
Benchmark
Measure	IGM	USMV
What it tracks	S&P North American Expanded Technology Sector Index	MSCI USA Minimum Volatility (USD) Index
Cost and size
Measure	IGM	USMV
Expense ratio	0.37%	0.15%
Net assets, as of Oct 27, 2026	$11.0bn	$24.1bn
Holdings
Measure	IGM	USMV
Holdings in common	25%
Top ten holdings, share of the fund	56.8%	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

IGM USMV

Return

Total return edge IGM +1,530.2% +423.5%

Annualized edge IGM +20.4% +11.6%

Price return edge IGM +1,396.6% +295.7%

Risk

Volatility edge USMV 20.6% 13.4%

Max drawdown edge USMV −40.1% −30.6%

Risk-adjusted

Sharpe edge IGM 0.92 0.76

Sortino edge IGM 1.40 1.09

Calmar edge IGM 0.51 0.38

Reading

IGM returned more: +1,530.2% to +423.5%. USMV swung less: 13.4% to 20.6%. USMV fell less at its worst: −30.6% to −40.1%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: IGM vs USMV: Differences, Returns & Fees
Measure	IGM	USMV	Edge	How it is measured
Return
Total return	+1,530.2%	+423.5%	IGM	Price change plus distributions, reinvested.
Annualized	+20.4%	+11.6%	IGM	Total return as a yearly rate.
Price return	+1,396.6%	+295.7%	IGM	Price change alone, distributions left out.
Risk
Volatility	20.6%	13.4%	USMV	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	13.6%	9.3%	USMV	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−40.1%	−30.6%	USMV	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.92	0.76	IGM	Return above Treasury bills per unit of volatility.
Sortino	1.40	1.09	IGM	Return above Treasury bills per unit of downside deviation.
Calmar	0.51	0.38	IGM	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

25%

By the books each fund has filed, IGM and USMV hold 25% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

25% in common

Positions both hold · largest shared weight first IGM USMV

MICROSOFT 9.19% 1.61%

NVIDIA 8.28% 1.47%

CISCO SYSTEMS INC 2.00% 1.35%

PALANTIR TECHNOLOGIES CLASS A 2.08% 1.08%

APPLE 9.36% 0.96%

SALESFORCE 0.90% 1.11%

AMPHENOL CORP CLASS A 0.88% 1.47%

BROADCOM INC 7.07% 0.86%

ANALOG DEVICES 0.94% 0.79%

TEXAS INSTRUMENT 1.28% 0.79%

ADVANCED MICRO DEVICES 4.16% 0.77%

PALO ALTO NETWORKS 1.49% 0.73%

Only in one fund ↓

Only in IGM

ALPHABET CLASS A 4.57%

INTEL CORPORATION 2.12%

KLA 0.91%

SHOPIFY SUBORDINATE VOTING CLASS A 0.91%

DELL TECHNOLOGIES INC CLASS C 0.69%

HEWLETT PACKARD ENTERPRISE 0.37%

LUMENTUM HOLDINGS 0.35%

NXP SEMICONDUCTORS NV 0.29%

Only in USMV

EXXONMOBIL HOLDINGS CORP 1.54%

BERKSHIRE HATHAWAY INC CLASS B 1.50%

CHUBB 1.50%

JOHNSON & JOHNSON 1.44%

MCKESSON CORP 1.43%

WELLTOWER 1.41%

DUKE ENERGY CORP 1.38%

WASTE MANAGEMENT INC 1.38%

Check overlap with more funds →

Side by side

IGM iShares Expanded Tech Sector ETF USMV iShares MSCI USA Min Vol Factor ETF

Where it sits Stock ETF Stock ETF

Issuer iShares iShares

What it is Tracks an index of Expanded Tech Sector Tracks the MSCI USA Min Vol Factor

Total return, 1 year +21.7% +10.8%

Expense ratio 0.37% 0.15%

Already in the S&P 500 91.9% 93.0%

Holdings 295 176

Net assets, as of Oct 27, 2026 $11.0bn $24.1bn

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

Client brief · page 1 of 2 Report BR-03A8F72847

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

What each follows. IGM follows S&P North American Expanded Technology Sector Index and USMV follows MSCI USA Minimum Volatility (USD) Index.
Holdings in common. 25% of the weight is in the same securities (holdings dated Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 IGM returned +21.7% and USMV +10.8% with distributions reinvested, a gap of 10.9 points.

Data as of Oct 28, 2026.

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About each fund

IGM

IGM tracks an index of Expanded Tech Sector. Over the year to Oct 28, 2026 it returned +21.7% with distributions reinvested. The prospectus expense ratio is 0.37% a year. By its holdings published by its issuer for Oct 27, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 295 positions, with the top ten at 56.8%. It sat 6.2% below its high of Oct 6, 2026 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, IGM or USMV?: In the year to Oct 28, 2026, with distributions reinvested, IGM returned +21.7% and USMV +10.8%.
Which is cheaper, IGM or USMV?: USMV is cheaper, by 0.22 percentage points a year. That is about $22 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IGM and USMV overlap with the S&P 500?: By their latest filed holdings, 92% of IGM and 93% of USMV by weight is stocks the S&P 500 already holds.

Other comparisons

IGM vs RDVY CGGR vs IGM IGM vs SPMO DFUS vs IGM IYW vs USMV USMV vs XLK USMV vs VGT FTEC vs USMV

Where to next

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

Sources and dates

IGM and USMV filings on SEC EDGAR ↗

IGM prospectus with the expense ratio (SEC) ↗

iShares page for IGM ↗

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

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