Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
SPYD vs USMV: how they differ
SPYD and USMV hold 0% of their weight in the same names, and SPYD returned more over the year.
State Street(R) SPDR(R) Portfolio S&P 500(R) High Dividend ETF and iShares MSCI USA Min Vol Factor ETF.
What they hold in common
By the books each fund has filed, SPYD and USMV hold 0% of their money in the same securities at the same weight.
| Only in SPYD | Only in USMV |
|---|---|
| HP INC 1.69% | AMPHENOL CORP CLASS A 1.58% |
| ACCENTURE PLC CL A 1.64% | MICROSOFT 1.56% |
| TARGET CORP 1.46% | NVIDIA 1.54% |
| VERIZON COMMUNICATIONS INC 1.46% | WELLTOWER 1.53% |
| MEDTRONIC PLC 1.45% | CHUBB 1.49% |
| MOSAIC CO/THE 1.44% | JOHNSON & JOHNSON 1.49% |
| PFIZER INC 1.44% | VERIZON COMMUNICATIONS INC 1.49% |
| AT+T INC 1.43% | EXXONMOBIL HOLDINGS CORP 1.48% |
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.
| SPYD State Street(R) SPDR(R) Portfolio S&P 500(R) High Dividend ETF | USMV iShares MSCI USA Min Vol Factor ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | State Street | iShares |
| What it is | SPDR Portfolio S&P 500 High Dividend | MSCI USA Min Vol Factor |
| Total return, 1 year | +12.9% | +6.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −4.6 pts | −10.9 pts |
| Expense ratio | 0.07% | 0.15% |
| Already in the S&P 500 | 100.0% | 94.8% |
| Holdings | 81 | 175 |
SPYD in plain words
SPYD is an index equity fund tracking the SPDR Portfolio S&P 500 High Dividend. Over the year to Sep 11, 2026 it returned +12.9% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.07% a year. By its holdings filed for Sep 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 81 positions, with the top ten at 14.9%. It sat 4.3% below its high of Aug 24, 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, SPYD or USMV?
- In the year to Sep 13, 2026, with distributions reinvested, SPYD returned +12.9% and USMV returned +6.6%, so SPYD returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, SPYD or USMV?
- SPYD charges 0.07% a year and USMV charges 0.15%, so SPYD is cheaper. Fees come from each fund's prospectus.
- How much do SPYD and USMV overlap with the S&P 500?
- By their latest filed holdings, 100% of SPYD and 95% of USMV by weight is stocks the S&P 500 already holds. Between the two funds, 0% 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.
Cite this page. ETFIQ, SPYD against USMV, data as of Sep 13, 2026. https://etfiq.com/compare/any/spyd-vs-usmv Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources