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

In the year to Oct 28, 2026, with distributions reinvested, SPYD returned +15.3% and USMV +10.8%.

Which is cheaper, SPYD or USMV?

SPYD is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.

How much do SPYD and USMV overlap with the S&P 500?

By their latest filed holdings, 99% of SPYD and 93% of USMV by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

SPYD vs USMV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, SPYD returned +15.3% to USMV's +10.8%; 7% of their weight is in the same names.

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Net assets on Oct 27, 2026: $7.5bn for State Street SPDR Portfolio S&P 500 High Dividend ETF and $24.1bn for iShares MSCI USA Min Vol Factor ETF.

SPYD on its own →USMV on its own →

At a glance

+15.3%

SPYD total return, 1 year

+10.8%

USMV total return, 1 year

0.07%

SPYD expense ratio

0.15%

USMV expense ratio

Pair scorecard

SPYD costs 0.08 points a year less; their one-year returns differ by 4.5 points; USMV is 3.2 times larger.

SPYD vs USMV: Differences, Returns & Fees
Measure	SPYD	USMV
Return
Measure	SPYD	USMV
Total return, 1 year	+15.3%	+10.8%
Drawdown
Measure	SPYD	USMV
Below its high	4.1%, high on Aug 24, 2026
Benchmark
Measure	SPYD	USMV
What it tracks	S&P 500 High Dividend Index	MSCI USA Minimum Volatility (USD) Index
Cost and size
Measure	SPYD	USMV
Expense ratio	0.07%	0.15%
Net assets, as of Oct 27, 2026	$7.5bn	$24.1bn
Holdings
Measure	SPYD	USMV
Holdings in common	7%
Top ten holdings, share of the fund	16.1%	14.8%

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

What they share

By the books each fund has filed, SPYD and USMV hold 7% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

7% in common

Positions both hold · largest shared weight first SPYD USMV

DUKE ENERGY CORP 1.27% 1.38%

VERIZON COMMUNICATIONS INC 1.29% 1.26%

ACCENTURE PLC CL A 2.18% 0.91%

PEPSICO INC 1.28% 0.79%

AT+T INC 1.18% 0.73%

CHEVRON CORP 1.54% 0.64%

REALTY INCOME CORP 1.13% 0.59%

DOMINION ENERGY INC 1.20% 0.24%

EOG RESOURCES INC 1.45% 0.19%

MEDTRONIC PLC 1.49% 0.13%

Only in one fund ↓

Only in SPYD

HP INC 1.74%

HASBRO INC 1.73%

PFIZER INC 1.56%

CROWN CASTLE INC 1.47%

BEST BUY CO INC 1.47%

STANLEY BLACK + DECKER INC 1.45%

AMERICAN TOWER CORP 1.44%

LYONDELLBASELL INDU CL A 1.41%

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

SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF USMV iShares MSCI USA Min Vol Factor ETF

Where it sits Stock ETF Stock ETF

Issuer State Street iShares

What it is Tracks the S&P 500 High Dividend Tracks the MSCI USA Min Vol Factor

Total return, 1 year +15.3% +10.8%

Expense ratio 0.07% 0.15%

Already in the S&P 500 99.3% 93.0%

Holdings 79 176

Net assets, as of Oct 27, 2026 $7.5bn $24.1bn

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

Alert

About each fund

SPYD

SPYD tracks the S&P 500 High Dividend. Over the year to Oct 28, 2026 it returned +15.3% with distributions reinvested. The prospectus expense ratio is 0.07% a year. By its holdings published by its issuer for Oct 27, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 79 positions, with the top ten at 16.1%. It sat 4.1% below its high of Aug 24, 2026 on Oct 28, 2026.

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, SPYD or USMV?: In the year to Oct 28, 2026, with distributions reinvested, SPYD returned +15.3% and USMV +10.8%.
Which is cheaper, SPYD or USMV?: SPYD is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do SPYD and USMV overlap with the S&P 500?: By their latest filed holdings, 99% of SPYD and 93% of USMV by weight is stocks the S&P 500 already holds.

Other comparisons

AVUS vs SPYD SPYD vs XLG GRNY vs SPYD RDVY vs SPYD SPLV vs USMV FDVV vs USMV HDV vs USMV EQWL vs USMV

Where to next

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

Sources and dates

SPYD filings on SEC EDGAR ↗

SPYD 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, SPYD against USMV, data as of Oct 28, 2026. https://etfiq.com/compare/any/spyd-vs-usmv

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