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IYY vs USMV: Differences, Returns & Fees

IYY and USMV hold 36% of their weight in the same names, and IYY returned +16.8% over the year. Net assets on Oct 9, 2026: $3.1bn for iShares Dow Jones U.S. ETF and $23.8bn for iShares MSCI USA Min Vol Factor ETF.

USMV costs 0.05 points a year less; their one-year returns differ by 9.3 points; USMV is 7.8 times larger.

IYY vs USMV: Differences, Returns & Fees
IYYUSMV
Expense ratio0.20%0.15%
Net assets$3.1bn$23.8bn
Total return, 1 year+16.8%+7.5%
What it tracksDow Jones U.S. IndexMSCI USA Minimum Volatility (USD) Index
Holdings in common36%
Top ten holdings, share of the fund36.4%15.1%

Holdings in common uses holdings dated Oct 9, 2026.

+16.8%
IYY total return, 1 year
+7.5%
USMV total return, 1 year
0.20%
IYY expense ratio
0.15%
USMV expense ratio

What they hold in common

By the books each fund has filed, IYY and USMV hold 36% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 9, 2026.

half

36% in common

Positions both hold, largest shared weight first
Holding IYY USMV
MICROSOFT 5.50% 1.66%
NVIDIA 7.68% 1.59%
BERKSHIRE HATHAWAY INC CLASS B 1.33% 1.46%
APPLE 6.80% 0.96%
EXXONMOBIL HOLDINGS CORP 0.96% 1.49%
BROADCOM INC 2.38% 0.93%
VISA CLASS A 0.91% 1.03%
JOHNSON & JOHNSON 0.87% 1.44%
ADVANCED MICRO DEVICES 1.37% 0.86%
ELI LILLY 1.31% 0.79%
MICRON TECHNOLOGY 1.61% 0.79%
WALMART 0.69% 0.70%
Only in IYY
ALPHABET CLASS A 2.86%
TESLA INC 1.49%
JPMORGAN CHASE & CO 1.22%
INTEL CORPORATION 0.72%
CATERPILLAR INC 0.51%
BANK OF AMERICA 0.49%
GE AEROSPACE 0.44%
GOLDMAN SACHS GROUP 0.36%
Only in USMV
WASTE CONNECTIONS 1.12%
MERCADOLIBRE 0.38%
DOW JONES US REAL ESTATE DEC 26 0.00%

Check overlap with more funds →

On the same fields

IYY
iShares Dow Jones U.S. 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 Tracks the MSCI USA Min Vol Factor
Total return, 1 year +16.8% +7.5%
Expense ratio 0.20% 0.15%
Already in the S&P 500 92.0% 93.0%
Holdings 941 176
Net assets $3.1bn $23.8bn

IYY and USMV on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About IYY

IYY tracks an index. Over the year to Oct 9, 2026 it returned +16.8% with distributions reinvested. The prospectus expense ratio is 0.20% a year. By its holdings published by its issuer for Oct 9, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 941 positions, with the top ten at 36.4%.

About USMV

USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 9, 2026 it returned +7.5% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 9, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 15.1%.

Questions people ask

Which returned more over the last year, IYY or USMV?
In the year to Oct 9, 2026, with distributions reinvested, IYY returned +16.8% and USMV +7.5%.
Which is cheaper, IYY or USMV?
USMV is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IYY and USMV overlap with the S&P 500?
By their latest filed holdings, 92% of IYY and 93% of USMV by weight is stocks the S&P 500 already holds.
Other comparisons
IYY vs SPMOIYY vs RDVYDFUS vs IYYIYY vs OEFSNPE vs USMVBDYN vs USMVUSCL vs USMVSPYX vs USMV
IYY on its own →USMV on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
IYY and USMV filings on SEC EDGAR ↗IYY prospectus with the expense ratio (SEC) ↗iShares page for IYY ↗USMV prospectus with the expense ratio (SEC) ↗iShares page for USMV ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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, IYY against USMV, data as of Oct 9, 2026. https://etfiq.com/compare/any/iyy-vs-usmv

Open data

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