Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
ILF vs USMV: how they differ
ILF and USMV hold 0% of their weight in the same names, and ILF returned more over the year.
iShares Latin America 40 ETF and iShares MSCI USA Min Vol Factor ETF.
What they hold in common
By the books each fund has filed, ILF and USMV hold 0% of their money in the same securities at the same weight.
| Holding | ILF | USMV |
|---|---|---|
| BLK CSH FND TREASURY SL AGENCY | 0.31% | 0.17% |
| Only in ILF | Only in USMV |
|---|---|
| NU HOLDINGS CLASS A 8.61% | AMPHENOL CORP CLASS A 1.58% |
| VALE ADR REPRESENTING ONE 8.00% | MICROSOFT 1.56% |
| ITAU UNIBANCO HOLDING ADR REP PRE 6.71% | NVIDIA 1.54% |
| PETROLEO BRASILEIRO ADR REPTG PRE 6.33% | WELLTOWER 1.53% |
| GRUPO MEXICO B 6.02% | CHUBB 1.49% |
| PETROLEO BRASILEIRO ADR REPTG SA 5.94% | JOHNSON & JOHNSON 1.49% |
| GPO FINANCE BANORTE 4.24% | VERIZON COMMUNICATIONS INC 1.49% |
| CREDICORP LTD 3.85% | 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 Sep 10, 2026.
| ILF iShares Latin America 40 ETF | USMV iShares MSCI USA Min Vol Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | Latin America 40 | MSCI USA Min Vol Factor |
| Total return, 1 year | +33.4% | +6.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +15.9 pts | −10.9 pts |
| Expense ratio | 0.47% | 0.15% |
| Already in the S&P 500 | 0.0% | 94.8% |
| Holdings | 47 | 175 |
ILF in plain words
ILF is an index equity fund tracking the Latin America 40. Over the year to Sep 11, 2026 it returned +33.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.47% a year. By its holdings filed for Sep 10, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 47 positions, with the top ten at 55.7%. It sat 4.4% below its high of Apr 14, 2026 on Sep 11, 2026.
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. The prospectus expense ratio is 0.15% a year. 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, ILF or USMV?
- In the year to Sep 13, 2026, with distributions reinvested, ILF returned +33.4% and USMV returned +6.6%, so ILF returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ILF or USMV?
- ILF charges 0.47% a year and USMV charges 0.15%, so USMV is cheaper. Fees come from each fund's prospectus.
- How much do ILF and USMV overlap with the S&P 500?
- By their latest filed holdings, 0% of ILF 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, ILF against USMV, data as of Sep 13, 2026. https://etfiq.com/compare/any/ilf-vs-usmv Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources