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QDPL vs USMV: Differences, Returns & Fees

QDPL and USMV hold 35% of their weight in the same names, and QDPL returned +16.3% over the year. Net assets: $1.8bn on Oct 2, 2026 for Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF, and $23.8bn on Oct 9, 2026 for iShares MSCI USA Min Vol Factor ETF.

USMV costs 0.45 points a year less; their one-year returns differ by 8.8 points; USMV is 12.7 times larger.

QDPL vs USMV: Differences, Returns & Fees
QDPLUSMV
Expense ratio0.60%0.15%
Net assets, as of Oct 2, 2026$1.8bn$23.4bn
Total return, 1 year+16.3%+7.5%
What it tracksMetaurus US Large Cap Dividend Multiplier Index Series 400MSCI USA Minimum Volatility (USD) Index
Holdings in common35%
Top ten holdings, share of the fund34.2%15.1%

Holdings in common uses holdings dated Jul 31, 2026 and Oct 9, 2026.

+16.3%
QDPL total return, 1 year
+7.5%
USMV total return, 1 year
0.60%
QDPL expense ratio
0.15%
USMV expense ratio

What they hold in common

By the books each fund has filed, QDPL and USMV hold 35% 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 Jul 31, 2026 and Oct 9, 2026.

half

35% in common

Positions both hold, largest shared weight first
Holding QDPL USMV
Microsoft Corp 4.88% 1.66%
NVIDIA Corp 6.87% 1.59%
Berkshire Hathaway Inc 1.32% 1.46%
Apple Inc 6.41% 0.96%
Broadcom Inc 2.60% 0.93%
ExxonMobil Holdings Corp 0.91% 1.49%
Johnson & Johnson 0.87% 1.44%
Advanced Micro Devices Inc 1.10% 0.86%
Visa Inc 0.86% 1.03%
Eli Lilly & Co 1.28% 0.79%
Micron Technology Inc 1.31% 0.79%
Walmart Inc 0.69% 0.70%
Only in QDPL
Alphabet Inc 2.38%
JPMorgan Chase & Co 1.33%
Tesla Inc 1.24%
US TREASURY N/B 0.88%
US TREASURY N/B 0.85%
US TREASURY N/B 0.83%
US TREASURY N/B 0.82%
US TREASURY N/B 0.82%
Only in USMV
WASTE CONNECTIONS 1.12%
CLOUDFLARE CLASS A 0.62%
SNOWFLAKE 0.62%
ALNYLAM PHARMACEUTICALS 0.53%
LIBERTY MEDIA SERIES C 0.47%
FIRST CITIZENS BANCSHARES CLASS A 0.46%
UNITED THERAPEUTICS 0.42%
NEUROCRINE BIOSCIENCES 0.41%

Check overlap with more funds →

On the same fields

QDPL
Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF
USMV
iShares MSCI USA Min Vol Factor ETF
Where it sits Stock ETF Stock ETF
Issuer Pacer iShares
What it is Tracks an index Tracks the MSCI USA Min Vol Factor
Total return, 1 year +16.3% +7.5%
Expense ratio 0.60% 0.15%
Already in the S&P 500 89.9% 93.0%
Holdings 513 176
Net assets, QDPL as of Oct 2, 2026 and USMV as of Oct 9, 2026 $1.8bn $23.8bn

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

About QDPL

QDPL tracks an index. Over the year to Oct 9, 2026 it returned +16.3% with distributions reinvested. The prospectus expense ratio is 0.60% a year. By its holdings filed for Jul 31, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 513 positions, with the top ten at 34.2%.

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, QDPL or USMV?
In the year to Oct 9, 2026, with distributions reinvested, QDPL returned +16.3% and USMV +7.5%.
Which is cheaper, QDPL or USMV?
USMV is cheaper, by 0.45 percentage points a year. That is about $45 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do QDPL and USMV overlap with the S&P 500?
By their latest filed holdings, 90% of QDPL and 93% of USMV by weight is stocks the S&P 500 already holds.
Other comparisons
QDPL vs SPMODYNF vs QDPLQDPL vs SPYQDPL vs RDVYEUSA vs USMVQVML vs USMVBAFE vs USMVCGCV vs USMV
QDPL on its own →USMV on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
QDPL filings on SEC EDGAR ↗QDPL prospectus with the expense ratio (SEC) ↗Pacer 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, QDPL against USMV, data as of Oct 9, 2026. https://etfiq.com/compare/any/qdpl-vs-usmv

Open data

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