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

In the year to Oct 9, 2026, with distributions reinvested, LCTU returned +15.3% and USMV +7.5%.

Which is cheaper, LCTU or USMV?

Neither: LCTU and USMV both charge 0.15% a year. Fees come from each fund's prospectus.

How much do LCTU and USMV overlap with the S&P 500?

By their latest filed holdings, 93% of LCTU and 93% of USMV by weight is stocks the S&P 500 already holds.

Compare their flows Ask IQ about these two funds

LCTU vs USMV: Differences, Returns & Fees

LCTU and USMV hold 33% of their weight in the same names, and LCTU returned +15.3% over the year. Net assets on Oct 9, 2026: $1.2bn for iShares U.S. Carbon Transition Readiness Aware Active ETF and $23.8bn for iShares MSCI USA Min Vol Factor ETF.

Both cost 0.15% a year; their one-year returns differ by 7.8 points; USMV is 19.9 times larger.

Points (pts) are percentage points.

LCTU vs USMV: Differences, Returns & Fees
	LCTU	USMV
Expense ratio	0.15%	0.15%
Net assets	$1.2bn	$23.8bn
Total return, 1 year	+15.3%	+7.5%
What it tracks	No index, actively managed	MSCI USA Minimum Volatility (USD) Index
Holdings in common	33%
Top ten holdings, share of the fund	35.2%	15.1%

Holdings in common uses holdings dated Oct 9, 2026.

+15.3%

LCTU total return, 1 year

+7.5%

USMV total return, 1 year

0.15%

LCTU expense ratio

0.15%

USMV expense ratio

What they hold in common

By the books each fund has filed, LCTU and USMV hold 33% 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.

50%

half

33% in common

Positions both hold, largest shared weight first

Holding LCTU USMV

MICROSOFT 5.12% 1.66%

NVIDIA 7.91% 1.59%

BERKSHIRE HATHAWAY INC CLASS B 1.16% 1.46%

APPLE 7.14% 0.96%

BROADCOM INC 2.05% 0.93%

MASTERCARD CLASS A 0.92% 1.27%

ADVANCED MICRO DEVICES 1.55% 0.86%

ELI LILLY 1.33% 0.79%

MICRON TECHNOLOGY 1.60% 0.79%

PEPSICO 0.86% 0.76%

GILEAD SCIENCES 0.74% 0.89%

WALMART 0.86% 0.70%

Only in LCTU

ALPHABET CLASS A 2.48%

TESLA INC 1.49%

BANK OF AMERICA 1.31%

PROLOGIS REIT 1.05%

JPMORGAN CHASE & CO 0.98%

ECOLAB 0.88%

CATERPILLAR INC 0.68%

INTEL CORPORATION 0.63%

Only in USMV

AMPHENOL CORP CLASS A 1.68%

CHUBB 1.47%

WELLTOWER 1.44%

DUKE ENERGY CORP 1.32%

SOUTHERN 1.29%

WASTE MANAGEMENT INC 1.25%

CONSOLIDATED EDISON 1.18%

WASTE CONNECTIONS 1.12%

Check overlap with more funds →

On the same fields

LCTU

iShares U.S. Carbon Transition Readiness Aware Active ETF

USMV

iShares MSCI USA Min Vol Factor ETF

Where it sits Stock ETF Stock ETF

Issuer iShares iShares

What it is Actively managed Tracks the MSCI USA Min Vol Factor

Total return, 1 year +15.3% +7.5%

Its benchmark over the same days +16.6% (IWB) not published

Gap to its benchmark −1.4 pts vs IWB not available

Expense ratio 0.15% 0.15%

Already in the S&P 500 93.4% 93.0%

Holdings 322 176

Net assets $1.2bn $23.8bn

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

About LCTU

LCTU is actively managed and tracks no index. 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 322 positions, with the top ten at 35.2%.

Over the year to Oct 9, 2026 it returned +15.3% with distributions reinvested, against +16.6% for its benchmark, the Russell 1000 Index.

About USMV

USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 9, 2026 it returned +7.5% with distributions reinvested. 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, LCTU or USMV?: In the year to Oct 9, 2026, with distributions reinvested, LCTU returned +15.3% and USMV +7.5%.
Which is cheaper, LCTU or USMV?: Neither: LCTU and USMV both charge 0.15% a year. Fees come from each fund's prospectus.
How much do LCTU and USMV overlap with the S&P 500?: By their latest filed holdings, 93% of LCTU and 93% of USMV by weight is stocks the S&P 500 already holds.

Other comparisons

LCTU vs SPMO LCTU vs RDVY DFUS vs LCTU LCTU vs OEF SUSL vs USMV AVLC vs USMV STXF vs USMV TDVG vs USMV

LCTU on its own →USMV on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

LCTU filings on SEC EDGAR ↗LCTU prospectus with the expense ratio (SEC) ↗iShares page for LCTU ↗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, LCTU against USMV, data as of Oct 9, 2026. https://etfiq.com/compare/any/lctu-vs-usmv

Open data

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