Data as of Oct 28, 2026.
TIP vs USMV: Differences, Returns & Fees
Over the year to Oct 28, 2026, TIP returned −1.0% to USMV's +10.8%; 0% of their weight is in the same names.
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Net assets on Oct 27, 2026: $14.6bn for iShares TIPS Bond ETF and $24.1bn for iShares MSCI USA Min Vol Factor ETF.
Pair scorecard
USMV costs 0.03 points a year less; their one-year returns differ by 11.8 points; USMV is 1.7 times larger.
| Measure | TIP | USMV |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.0% | +10.8% |
| Benchmark | ||
| What it tracks | ICE U.S. Treasury Inflation Linked Bond Index | MSCI USA Minimum Volatility (USD) Index |
| Cost and size | ||
| Expense ratio | 0.18% | 0.15% |
| Net assets, as of Oct 27, 2026 | $14.6bn | $24.1bn |
| Holdings | ||
| 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, TIP and USMV hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
TIP and USMV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
TIP
TIP tracks an index of TIPS Bond. Over the year to Oct 28, 2026 it returned −1.0% with distributions reinvested, against −0.8% for its benchmark, the ICE U.S. Treasury Inflation Linked Bond Index. The prospectus expense ratio is 0.18% 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, TIP or USMV?
- In the year to Oct 28, 2026, with distributions reinvested, TIP returned −1.0% and USMV +10.8%.
- Which is cheaper, TIP or USMV?
- USMV is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
Cite this pageCitation, APA and Markdown
ETFIQ, TIP against USMV, data as of Oct 28, 2026. https://etfiq.com/compare/any/tip-vs-usmv
ETFIQ. (Oct 28, 2026). TIP against USMV. Retrieved from https://etfiq.com/compare/any/tip-vs-usmv
[TIP against USMV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/tip-vs-usmv)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.