Data as of Oct 28, 2026.
ITOT vs USMV: Differences, Returns & Fees
Over the year to Oct 28, 2026, ITOT returned +13.4% to USMV's +10.8%; 35% of their weight is in the same names.
askIQ about this page
askIQ about ITOT and USMV
Net assets on Oct 27, 2026: $97.1bn for iShares Core S&P Total U.S. Stock Market ETF and $24.1bn for iShares MSCI USA Min Vol Factor ETF.
Pair scorecard
ITOT costs 0.12 points a year less; their one-year returns differ by 2.6 points; ITOT is 4.0 times larger.
| Measure | ITOT | USMV |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.4% | +10.8% |
| Benchmark | ||
| What it tracks | S&P Total Market Index (TMI) | MSCI USA Minimum Volatility (USD) Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.15% |
| Net assets, as of Oct 27, 2026 | $97.1bn | $24.1bn |
| Holdings | ||
| Holdings in common | 35% | |
| Top ten holdings, share of the fund | 33.9% | 14.8% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Oct 28, 2011 to Oct 23, 2026 · 782 weekly returnsITOT returned more: +629.9% to +423.5%. USMV swung less: 13.4% to 16.2%. USMV fell slightly less at its worst: −30.6% to −33.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | ITOT | USMV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +629.9% | +423.5% | ITOT | Price change plus distributions, reinvested. |
| Annualized | +14.1% | +11.6% | ITOT | Total return as a yearly rate. |
| Price return | +466.3% | +295.7% | ITOT | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.2% | 13.4% | USMV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.1% | 9.3% | USMV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −33.2% | −30.6% | USMV (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.79 | 0.76 | ITOT (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 1.16 | 1.09 | ITOT (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.43 | 0.38 | ITOT | 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, ITOT and USMV hold 35% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
35% in common
Only in one fund ↓
Side by side
ITOT and USMV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
ITOT and USMV are built for the same job. How do they differ in cost, holdings and results?
- What each follows. ITOT follows S&P Total Market Index (TMI) and USMV follows MSCI USA Minimum Volatility (USD) Index.
- Holdings in common. 35% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 ITOT returned +13.4% and USMV +10.8% with distributions reinvested, a gap of 2.6 points.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
ITOT
ITOT tracks the S&P Total U.S. Stock Market. Over the year to Oct 28, 2026 it returned +13.4% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 27, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 2,443 positions, with the top ten at 33.9%.
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, ITOT or USMV?
- In the year to Oct 28, 2026, with distributions reinvested, ITOT returned +13.4% and USMV +10.8%.
- Which is cheaper, ITOT or USMV?
- ITOT is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.
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, ITOT against USMV, data as of Oct 28, 2026. https://etfiq.com/compare/any/itot-vs-usmv
ETFIQ. (Oct 28, 2026). ITOT against USMV. Retrieved from https://etfiq.com/compare/any/itot-vs-usmv
[ITOT against USMV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/itot-vs-usmv)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.