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JQUA vs USMV: Differences, Returns & Fees

JQUA and USMV hold 44% of their weight in the same names, and JQUA returned +22.2% over the year. Net assets on Oct 9, 2026: $9.3bn for JPMorgan U.S. Quality Factor ETF and $23.8bn for iShares MSCI USA Min Vol Factor ETF.

JQUA costs 0.03 points a year less; their one-year returns differ by 14.7 points; USMV is 2.6 times larger.

JQUA vs USMV: Differences, Returns & Fees
JQUAUSMV
Expense ratio0.12%0.15%
Net assets$9.3bn$23.8bn
Total return, 1 year+22.2%+7.5%
What it tracksJP Morgan US Quality Factor IndexMSCI USA Minimum Volatility (USD) Index
Holdings in common44%
Top ten holdings, share of the fund19.7%15.1%

Holdings in common uses holdings dated Oct 9, 2026.

+22.2%
JQUA total return, 1 year
+7.5%
USMV total return, 1 year
0.12%
JQUA expense ratio
0.15%
USMV expense ratio

What they hold in common

By the books each fund has filed, JQUA and USMV hold 44% 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

44% in common

Positions both hold, largest shared weight first
Holding JQUA USMV
MICROSOFT CORP COMMON 2.10% 1.66%
NVIDIA CORP COMMON STOCK 1.95% 1.59%
EXXONMOBIL HOLDINGS CORP 1.80% 1.49%
BERKSHIRE HATHAWAY INC 1.63% 1.46%
JOHNSON & JOHNSON 1.53% 1.44%
CISCO SYSTEMS INC COMMON 1.32% 1.47%
MASTERCARD INC COMMON 1.37% 1.27%
PALANTIR TECHNOLOGIES 1.39% 1.16%
MERCK & CO INC COMMON 1.07% 1.44%
VISA INC COMMON STOCK 1.77% 1.03%
THE PROCTER & GAMBLE 0.98% 1.07%
APPLE INC COMMON STOCK 2.06% 0.96%
Only in JQUA
ALPHABET INC-CL A 1.83%
KLA CORP COMMON STOCK 0.84%
BLACKROCK INC COMMON 0.59%
UNION PACIFIC CORP 0.59%
ALTRIA GROUP INC COMMON 0.50%
BRISTOL-MYERS SQUIBB CO 0.42%
BOOKING HOLDINGS INC 0.40%
MARRIOTT INTERNATIONAL 0.37%
Only in USMV
AMPHENOL CORP CLASS A 1.68%
WELLTOWER 1.44%
MCKESSON CORP 1.42%
DUKE ENERGY CORP 1.32%
SOUTHERN 1.29%
CENCORA 1.27%
VERIZON COMMUNICATIONS INC 1.22%
WASTE CONNECTIONS 1.12%

Check overlap with more funds →

On the same fields

JQUA
JPMorgan U.S. Quality Factor ETF
USMV
iShares MSCI USA Min Vol Factor ETF
Where it sits Stock ETF Stock ETF
Issuer JPMorgan iShares
What it is Tracks an index Tracks the MSCI USA Min Vol Factor
Total return, 1 year +22.2% +7.5%
Expense ratio 0.12% 0.15%
Already in the S&P 500 81.0% 93.0%
Holdings 307 176
Net assets $9.3bn $23.8bn

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

About JQUA

JQUA tracks an index. Over the year to Oct 9, 2026 it returned +22.2% with distributions reinvested. The prospectus expense ratio is 0.12% a year. By its holdings published by its issuer for Oct 9, 2026, 81% of the fund by weight is stocks the S&P 500 also holds, across 307 positions, with the top ten at 19.7%.

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, JQUA or USMV?
In the year to Oct 9, 2026, with distributions reinvested, JQUA returned +22.2% and USMV +7.5%.
Which is cheaper, JQUA or USMV?
JQUA is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do JQUA and USMV overlap with the S&P 500?
By their latest filed holdings, 81% of JQUA and 93% of USMV by weight is stocks the S&P 500 already holds.
Other comparisons
JQUA vs SPMOJQUA vs OEFJQUA vs MTUMJQUA vs SPHQTCAF vs USMVBBUS vs USMVUSMV vs VONEMGC vs USMV
JQUA on its own →USMV on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
JQUA filings on SEC EDGAR ↗JQUA prospectus with the expense ratio (SEC) ↗JPMorgan website ↗USMV filings on SEC EDGAR ↗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, JQUA against USMV, data as of Oct 9, 2026. https://etfiq.com/compare/any/jqua-vs-usmv

Open data

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