SPHB vs USMV: Differences, Returns & Fees
SPHB and USMV hold 15% of their weight in the same names, and SPHB returned +37.4% over the year. Net assets on Oct 9, 2026: $1.0bn for Invesco S&P 500 High Beta ETF and $23.8bn for iShares MSCI USA Min Vol Factor ETF.
USMV costs 0.10 points a year less; their one-year returns differ by 29.9 points; USMV is far larger, $23.8bn against $1.0bn.
| SPHB | USMV | |
|---|---|---|
| Expense ratio | 0.25% | 0.15% |
| Net assets | $1.0bn | $23.8bn |
| Total return, 1 year | +37.4% | +7.5% |
| What it tracks | S&P 500 High Beta Index | MSCI USA Minimum Volatility (USD) Index |
| Holdings in common | 15% | |
| Holdings dated | Oct 10, 2026 | Oct 9, 2026 |
| Top ten holdings, share of the fund | 20.4% | 15.1% |
Holdings in common uses holdings dated Oct 9, 2026.
What they hold in common
By the books each fund has filed, SPHB and USMV hold 15% 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
15% in common
On the same fields
SPHB and USMV on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
About SPHB
SPHB tracks an index. Over the year to Oct 9, 2026 it returned +37.4% with distributions reinvested. The prospectus expense ratio is 0.25% a year. By its holdings published by its issuer for Oct 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 20.4%.
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, SPHB or USMV?
- In the year to Oct 9, 2026, with distributions reinvested, SPHB returned +37.4% and USMV +7.5%.
- Which is cheaper, SPHB or USMV?
- USMV is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, SPHB against USMV, data as of Oct 9, 2026. https://etfiq.com/compare/any/sphb-vs-usmv
ETFIQ. (Oct 9, 2026). SPHB against USMV. Retrieved from https://etfiq.com/compare/any/sphb-vs-usmv
[SPHB against USMV (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/sphb-vs-usmv)
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