Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
ITOT vs USMV: how they differ
ITOT and USMV hold 35% of their weight in the same names, and ITOT returned more over the year.
iShares Core S&P Total U.S. Stock Market ETF and iShares MSCI USA Min Vol Factor ETF.
What they hold in common
By the books each fund has filed, ITOT and USMV hold 35% of their money in the same securities at the same weight.
| Holding | ITOT | USMV |
|---|---|---|
| MICROSOFT | 5.06% | 1.56% |
| NVIDIA | 7.32% | 1.54% |
| BERKSHIRE HATHAWAY INC CLASS B | 1.29% | 1.46% |
| APPLE | 6.63% | 0.95% |
| EXXONMOBIL HOLDINGS CORP | 0.94% | 1.48% |
| BROADCOM INC | 2.37% | 0.94% |
| JOHNSON & JOHNSON | 0.88% | 1.49% |
| VISA CLASS A | 0.84% | 1.00% |
| ELI LILLY | 1.23% | 0.76% |
| MICRON TECHNOLOGY | 1.52% | 0.76% |
| ADVANCED MICRO DEVICES | 1.14% | 0.73% |
| WALMART INC | 0.64% | 0.67% |
| Only in ITOT | Only in USMV |
|---|---|
| ALPHABET CLASS A 2.70% | WASTE CONNECTIONS 1.19% |
| TESLA INC 1.41% | MERCADOLIBRE 0.39% |
| JPMORGAN CHASE & CO 1.31% | CASH COLLATERAL USD GSCFT 0.01% |
| INTEL CORPORATION 0.68% | |
| BANK OF AMERICA 0.57% | |
| CATERPILLAR INC 0.51% | |
| GE AEROSPACE 0.47% | |
| GOLDMAN SACHS GROUP 0.42% |
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.
| ITOT iShares Core S&P Total U.S. Stock Market ETF | USMV iShares MSCI USA Min Vol Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | Core S&P Total U.S. Stock Market | MSCI USA Min Vol Factor |
| Total return, 1 year | +17.2% | +6.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −0.3 pts | −10.9 pts |
| Expense ratio | 0.03% | 0.15% |
| Already in the S&P 500 | 88.3% | 94.8% |
| Holdings | 1167 | 175 |
ITOT in plain words
ITOT is an index equity fund tracking the Core S&P Total U.S. Stock Market. Over the year to Sep 11, 2026 it returned +17.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.03% a year. By its holdings filed for Sep 10, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 1167 positions, with the top ten at 34.6%.
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, ITOT or USMV?
- In the year to Sep 13, 2026, with distributions reinvested, ITOT returned +17.2% and USMV returned +6.6%, so ITOT returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, ITOT or USMV?
- ITOT charges 0.03% a year and USMV charges 0.15%, so ITOT is cheaper. Fees come from each fund's prospectus.
- How much do ITOT and USMV overlap with the S&P 500?
- By their latest filed holdings, 88% of ITOT and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 35% 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, ITOT against USMV, data as of Sep 13, 2026. https://etfiq.com/compare/any/itot-vs-usmv Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources