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QQQE vs USMV: Differences, Returns & Fees

QQQE and USMV hold 29% of their weight in the same names, and QQQE returned +19.2% over the year. Net assets: $1.5bn on Oct 8, 2026 for Direxion NASDAQ-100 Equal Weighted Index ETF, and $23.8bn on Oct 9, 2026 for iShares MSCI USA Min Vol Factor ETF.

USMV costs 0.20 points a year less; their one-year returns differ by 11.7 points; USMV is 16.3 times larger.

QQQEUSMV
Expense ratio0.35%0.15%
Net assets, as of Oct 8, 2026$1.5bn$23.7bn
Total return, 1 year+19.2%+7.5%
What it tracksnot read by ETFIQMSCI USA Minimum Volatility (USD) Index
Holdings in common29%
Top ten holdings, share of the fund12.4%15.0%

Holdings in common uses holdings dated Jul 31, 2026 and Oct 8, 2026.

+19.2%
QQQE total return, 1 year
+7.5%
USMV total return, 1 year
0.35%
QQQE expense ratio
0.15%
USMV expense ratio

What they hold in common

By the books each fund has filed, QQQE and USMV hold 29% 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 8, 2026.

half

29% in common

Positions both hold, largest shared weight first
Holding QQQE USMV
VERTEX PHARMACEUTICALS INC 1.08% 1.34%
MICROSOFT CORP 1.05% 1.63%
CISCO SYSTEMS INC 0.98% 1.43%
APPLE INC 1.01% 0.97%
ROPER TECHNOLOGIES INC 1.23% 0.97%
NVIDIA CORP 0.97% 1.60%
T-MOBILE US INC 0.94% 0.97%
FORTINET INC 1.20% 0.93%
BROADCOM INC 0.89% 0.93%
ADVANCED MICRO DEVICES INC 0.94% 0.88%
GILEAD SCIENCES INC 0.99% 0.87%
MICRON TECHNOLOGY INC 0.86% 0.80%
Only in QQQE
PAYPAL HOLDINGS INC 1.30%
COCA-COLA EUROPACIFIC PARTNERS PLC 1.23%
PAYCHEX INC 1.23%
PACCAR INC 1.22%
CINTAS CORP 1.22%
AXON ENTERPRISE INC 1.20%
BOOKING HOLDINGS INC 1.17%
AIRBNB INC 1.16%
Only in USMV
AMPHENOL CORP CLASS A 1.65%
CHUBB 1.49%
EXXONMOBIL HOLDINGS CORP 1.49%
BERKSHIRE HATHAWAY INC CLASS B 1.45%
WELLTOWER 1.43%
JOHNSON & JOHNSON 1.42%
MCKESSON CORP 1.42%
MERCK & CO INC 1.42%

Check overlap with more funds →

On the same fields

QQQE
Direxion NASDAQ-100 Equal Weighted Index ETF
USMV
iShares MSCI USA Min Vol Factor ETF
Where it sits Stock ETF Stock ETF
Issuer Direxion iShares
What it is Tracks an index Tracks the MSCI USA Min Vol Factor
Total return, 1 year +19.2% +7.5%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 +1.9 pts −9.7 pts
Expense ratio 0.35% 0.15%
Already in the S&P 500 86.8% 93.0%
Holdings 103 176
Net assets, QQQE as of Oct 8, 2026 and USMV as of Oct 9, 2026 $1.5bn $23.8bn

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

QQQE in plain words

QQQE tracks an index. Over the year to Oct 9, 2026 it returned +19.2% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.35% a year. By its holdings filed for Jul 31, 2026, 87% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 12.4%.

USMV in plain words

USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 9, 2026 it returned +7.5% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 8, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 15.0%.

Questions people ask

Which returned more over the last year, QQQE or USMV?
In the year to Oct 9, 2026, with distributions reinvested, QQQE returned +19.2% and USMV +7.5%.
Which is cheaper, QQQE or USMV?
USMV is cheaper, by 0.20 percentage points a year. That is about $20 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do QQQE and USMV overlap with the S&P 500?
By their latest filed holdings, 87% of QQQE and 93% of USMV by weight is stocks the S&P 500 already holds.
Other comparisons
QQQE vs SPMODYNF vs QQQEQQQE vs SCHBDIA vs QQQEUSMV vs USXFFQAL vs USMVSEIM vs USMVCATH vs USMV
QQQE on its own →USMV on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
QQQE filings on SEC EDGAR ↗QQQE prospectus with the expense ratio (SEC) ↗Direxion 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, QQQE against USMV, data as of Oct 9, 2026. https://etfiq.com/compare/any/qqqe-vs-usmv

Open data

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