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

In the year to Sep 13, 2026, with distributions reinvested, MOAT returned +11.3% and USMV returned +6.6%, so MOAT returned more. One year is one year; the longer windows are in the table.

Which is cheaper, MOAT or USMV?

MOAT charges 0.46% a year and USMV charges 0.15%, so USMV is cheaper. Fees come from each fund's prospectus.

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

By their latest filed holdings, 92% of MOAT and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 12% of their books are the same securities at the same weight.

Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

MOAT vs USMV: how they differ

MOAT and USMV hold 12% of their weight in the same names, and MOAT returned more over the year.

VanEck Morningstar Wide Moat ETF and iShares MSCI USA Min Vol Factor ETF.

What they hold in common

By the books each fund has filed, MOAT and USMV hold 12% of their money in the same securities at the same weight.

Positions MOAT and USMV both hold, largest shared weight first
Holding	MOAT	USMV
Microsoft Corp	2.79%	1.56%
Nvidia Corp	2.58%	1.54%
Motorola Solutions Inc	1.34%	1.48%
Amphenol Corp	1.31%	1.58%
Broadcom Inc	2.23%	0.94%
Pepsico Inc	1.14%	0.84%
Fortinet Inc	2.19%	0.79%
Mondelez International Inc	2.43%	0.73%
Palo Alto Networks Inc	2.40%	0.65%
Applied Materials Inc	1.41%	0.58%
Northrop Grumman Corp	1.12%	0.50%
Mercadolibre Inc	1.39%	0.39%

Largest positions each one holds and the other does not
Only in MOAT	Only in USMV
Veeva Systems Inc 3.41%	WELLTOWER 1.53%
Airbnb Inc 2.88%	CHUBB 1.49%
Charles Schwab Corp/The 2.75%	JOHNSON & JOHNSON 1.49%
Lpl Financial Holdings Inc 2.73%	VERIZON COMMUNICATIONS INC 1.49%
Bristol-Myers Squibb Co 2.58%	EXXONMOBIL HOLDINGS CORP 1.48%
Estee Lauder Cos Inc/The 2.52%	BERKSHIRE HATHAWAY INC CLASS B 1.46%
Danaher Corp 2.44%	MERCK & CO INC 1.46%
Brown-Forman Corp 2.39%	VERTEX PHARMACEUTICALS 1.39%

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.

MOAT and USMV on the fields both publish, as of Sep 13, 2026. Source: ETFIQ.
	MOAT VanEck Morningstar Wide Moat ETF	USMV iShares MSCI USA Min Vol Factor ETF
Where it sits	Core index fund	Core index fund
Issuer	VanEck	iShares
What it is	Morningstar Wide Moat	MSCI USA Min Vol Factor
Total return, 1 year	+11.3%	+6.6%
S&P 500 over the same days	+17.5%	+17.5%
Gap to the S&P 500	−6.2 pts	−10.9 pts
Expense ratio	0.46%	0.15%
Already in the S&P 500	91.6%	94.8%
Holdings	55	175

MOAT in plain words

MOAT is an index equity fund tracking the Morningstar Wide Moat. Over the year to Sep 11, 2026 it returned +11.3% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.46% a year. By its holdings filed for Sep 10, 2026, 92% of the fund by weight is stocks the S&P 500 also holds, across 55 positions, with the top ten at 27.1%. It sat 5.7% below its high of Aug 27, 2026 on Sep 11, 2026.

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, MOAT or USMV?: In the year to Sep 13, 2026, with distributions reinvested, MOAT returned +11.3% and USMV returned +6.6%, so MOAT returned more. One year is one year; the longer windows are in the table.
Which is cheaper, MOAT or USMV?: MOAT charges 0.46% a year and USMV charges 0.15%, so USMV is cheaper. Fees come from each fund's prospectus.
How much do MOAT and USMV overlap with the S&P 500?: By their latest filed holdings, 92% of MOAT and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 12% of their books are the same securities at the same weight.

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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.

MOAT against USMV, ETFIQ, data as of Sep 13, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, MOAT against USMV, data as of Sep 13, 2026. https://etfiq.com/compare/any/moat-vs-usmv Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources