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

In the year to Oct 28, 2026, with distributions reinvested, SPSB returned +2.2% and USMV +10.8%.

Which is cheaper, SPSB or USMV?

SPSB is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

SPSB vs USMV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, SPSB returned +2.2% to USMV's +10.8%; 0% of their weight is in the same names.

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Net assets on Oct 27, 2026: $11.3bn for State Street SPDR Portfolio Short Term Corporate Bond ETF and $24.1bn for iShares MSCI USA Min Vol Factor ETF.

SPSB on its own →USMV on its own →

At a glance

+2.2%

SPSB total return, 1 year

+10.8%

USMV total return, 1 year

0.04%

SPSB expense ratio

0.15%

USMV expense ratio

Pair scorecard

SPSB costs 0.11 points a year less; their one-year returns differ by 8.6 points; USMV is 2.1 times larger.

SPSB vs USMV: Differences, Returns & Fees
Measure	SPSB	USMV
Return
Measure	SPSB	USMV
Total return, 1 year	+2.2%	+10.8%
Benchmark
Measure	SPSB	USMV
What it tracks	Bloomberg U.S. 1-3 Year Corporate Bond Index	MSCI USA Minimum Volatility (USD) Index
Cost and size
Measure	SPSB	USMV
Expense ratio	0.04%	0.15%
Net assets, as of Oct 27, 2026	$11.3bn	$24.1bn
Holdings
Measure	SPSB	USMV
Holdings in common	0%
In the S&P 500, by weight		93%
Top ten holdings, share of the fund		14.8%

Holdings in common uses holdings dated Oct 27, 2026. Method

What they share

By the books each fund has filed, SPSB and USMV hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first SPSB USMV

Only in one fund ↓

Only in SPSB

SALESFORCE INC SR UNSECURED 03/29 4.65 0.66%

AERCAP IRELAND CAP/GLOBA COMPANY GUAR 10/28 3 0.47%

PFIZER INVESTMENT ENTER COMPANY GUAR 05/28 4.45 0.45%

AMAZON.COM INC SR UNSECURED 03/29 4 0.45%

BANK OF AMERICA CORP SR UNSECURED 12/28 VAR 0.45%

NVIDIA CORP SR UNSECURED 06/29 4.35 0.43%

GOLDMAN SACHS GROUP INC SR UNSECURED 05/29 VAR 0.38%

ORACLE CORP SR UNSECURED 02/29 4.55 0.37%

Only in USMV

MICROSOFT 1.61%

EXXONMOBIL HOLDINGS CORP 1.54%

BERKSHIRE HATHAWAY INC CLASS B 1.50%

CHUBB 1.50%

MOTOROLA SOLUTIONS INC 1.48%

AMPHENOL CORP CLASS A 1.47%

NVIDIA 1.47%

JOHNSON & JOHNSON 1.44%

Check overlap with more funds →

Side by side

SPSB State Street SPDR Portfolio Short Term Corporate Bond ETF USMV iShares MSCI USA Min Vol Factor ETF

Where it sits Bond ETF Stock ETF

Issuer State Street iShares

What it is Tracks an index of Short Term Corporate Bond Tracks the MSCI USA Min Vol Factor

Total return, 1 year +2.2% +10.8%

Its benchmark over the same days −1.4% (AGG) not measured

Gap to its benchmark +3.6 pts vs AGG not measured

Expense ratio 0.04% 0.15%

Holdings 1684 176

Net assets, as of Oct 27, 2026 $11.3bn $24.1bn

SPSB and USMV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Alert

About each fund

SPSB

SPSB tracks an index of Short Term Corporate Bond. Over the year to Oct 28, 2026 it returned +2.2% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.04% a year.

USMV

USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 28, 2026 it returned +10.8% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 14.8%.

Questions people ask

Which returned more over the last year, SPSB or USMV?: In the year to Oct 28, 2026, with distributions reinvested, SPSB returned +2.2% and USMV +10.8%.
Which is cheaper, SPSB or USMV?: SPSB is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

CGGR vs SPSB DFUS vs SPSB DGRW vs SPSB AVUS vs SPSB IGSB vs USMV BSV vs USMV USMV vs VCSH BND vs USMV

Where to next

SPSB on its own →USMV on its own →Hold both: look the portfolio through →Rankings →SPSB dividend history →SPSB holdings →USMV dividend history →USMV holdings →Standards and sources →

Sources and dates

SPSB filings on SEC EDGAR ↗

SPSB prospectus with the expense ratio (SEC) ↗

State Street website ↗

USMV filings on SEC EDGAR ↗

USMV prospectus with the expense ratio (SEC) ↗

iShares page for USMV ↗

Links are sources, not endorsements. 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, SPSB against USMV, data as of Oct 28, 2026. https://etfiq.com/compare/any/spsb-vs-usmv

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