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

In the year to Oct 28, 2026, with distributions reinvested, IUSB returned −1.2% and USMV +10.8%.

Which is cheaper, IUSB or USMV?

IUSB is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

IUSB vs USMV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IUSB returned −1.2% to USMV's +10.8%; 0% of their weight is in the same names.

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Net assets on Oct 27, 2026: $49.8bn for iShares Core Universal USD Bond ETF and $24.1bn for iShares MSCI USA Min Vol Factor ETF.

IUSB on its own →USMV on its own →

At a glance

−1.2%

IUSB total return, 1 year

+10.8%

USMV total return, 1 year

0.06%

IUSB expense ratio

0.15%

USMV expense ratio

Pair scorecard

IUSB costs 0.09 points a year less; their one-year returns differ by 12.0 points; IUSB is 2.1 times larger.

IUSB vs USMV: Differences, Returns & Fees
Measure	IUSB	USMV
Return
Measure	IUSB	USMV
Total return, 1 year	−1.2%	+10.8%
Benchmark
Measure	IUSB	USMV
What it tracks	Bloomberg U.S. Universal Index	MSCI USA Minimum Volatility (USD) Index
Cost and size
Measure	IUSB	USMV
Expense ratio	0.06%	0.15%
Net assets, as of Oct 27, 2026	$49.8bn	$24.1bn
Holdings
Measure	IUSB	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

Jun 20, 2014 to Oct 23, 2026 · 644 weekly returns

IUSB USMV

Return

Total return edge USMV +28.3% +245.7%

Annualized edge USMV +2.0% +10.5%

Price return edge USMV −10.7% +174.8%

Risk

Volatility edge IUSB 5.0% 14.0%

Max drawdown edge IUSB −17.7% −30.6%

Risk-adjusted

Sharpe edge USMV 0.02 0.64

Sortino edge USMV 0.02 0.90

Calmar edge USMV 0.11 0.34

Reading

USMV returned more: +245.7% to +28.3%. IUSB swung less: 5.0% to 14.0%. IUSB fell less at its worst: −17.7% to −30.6%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: IUSB vs USMV: Differences, Returns & Fees
Measure	IUSB	USMV	Edge	How it is measured
Return
Total return	+28.3%	+245.7%	USMV	Price change plus distributions, reinvested.
Annualized	+2.0%	+10.5%	USMV	Total return as a yearly rate.
Price return	−10.7%	+174.8%	USMV	Price change alone, distributions left out.
Risk
Volatility	5.0%	14.0%	IUSB	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	3.6%	10.0%	IUSB	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−17.7%	−30.6%	IUSB	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.02	0.64	USMV	Return above Treasury bills per unit of volatility.
Sortino	0.02	0.90	USMV	Return above Treasury bills per unit of downside deviation.
Calmar	0.11	0.34	USMV	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 644 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, IUSB 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 IUSB USMV

Only in one fund ↓

Only in IUSB

BLK Liquidity Temp Cash Inst #21 4.75%

TREASURY NOTE 0.49%

TREASURY NOTE 0.42%

TREASURY NOTE 0.41%

TREASURY NOTE 0.38%

TREASURY NOTE 0.37%

TREASURY NOTE (2OLD) 0.36%

UMBS 15YR TBA(REG B) 0.35%

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

IUSB iShares Core Universal USD 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 Universal USD Bond Tracks the MSCI USA Min Vol Factor

Total return, 1 year −1.2% +10.8%

Expense ratio 0.06% 0.15%

Holdings 18338 176

Net assets, as of Oct 27, 2026 $49.8bn $24.1bn

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

Client brief · page 1 of 2 Report BR-2B15793F65

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

What each follows. IUSB follows Bloomberg U.S. Universal 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 IUSB returned −1.2% and USMV +10.8% with distributions reinvested, a gap of 12.0 points.

Data as of Oct 28, 2026.

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About each fund

IUSB

IUSB tracks an index of Universal USD Bond. Over the year to Oct 28, 2026 it returned −1.2% with distributions reinvested. The prospectus expense ratio is 0.06% 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. 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, IUSB or USMV?: In the year to Oct 28, 2026, with distributions reinvested, IUSB returned −1.2% and USMV +10.8%.
Which is cheaper, IUSB or USMV?: IUSB is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

IUSB vs RDVY CGGR vs IUSB IUSB vs SPMO DFUS vs IUSB BOND vs USMV SGOV vs USMV TIP vs USMV USMV vs VBIL

Where to next

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

Sources and dates

IUSB and USMV filings on SEC EDGAR ↗

IUSB prospectus with the expense ratio (SEC) ↗

iShares page for IUSB ↗

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

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