Data as of Oct 28, 2026.
USHY vs USMV: Differences, Returns & Fees
Over the year to Oct 28, 2026, USHY returned +1.7% to USMV's +10.8%; 0% of their weight is in the same names.
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Net assets on Oct 27, 2026: $26.3bn for iShares Broad USD High Yield Corporate Bond ETF and $24.1bn for iShares MSCI USA Min Vol Factor ETF.
Pair scorecard
USHY costs 0.07 points a year less; their one-year returns differ by 9.1 points; USHY is 1.1 times larger.
| Measure | USHY | USMV |
|---|---|---|
| Return | ||
| Total return, 1 year | +1.7% | +10.8% |
| Benchmark | ||
| What it tracks | ICE BofA US High Yield Constrained Index | MSCI USA Minimum Volatility (USD) Index |
| Cost and size | ||
| Expense ratio | 0.08% | 0.15% |
| Net assets, as of Oct 27, 2026 | $26.3bn | $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
Risk and return
Nov 3, 2017 to Oct 23, 2026 · 468 weekly returnsUSMV returned more: +134.3% to +47.3%. USHY swung less: 9.7% to 15.5%. USHY fell less at its worst: −21.9% to −30.6%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | USHY | USMV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +47.3% | +134.3% | USMV | Price change plus distributions, reinvested. |
| Annualized | +4.4% | +9.9% | USMV | Total return as a yearly rate. |
| Price return | −14.9% | +100.1% | USMV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 9.7% | 15.5% | USHY | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 6.8% | 11.1% | USHY | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −21.9% | −30.6% | USHY | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.21 | 0.52 | USMV | Return above Treasury bills per unit of volatility. |
| Sortino | 0.30 | 0.72 | USMV | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.20 | 0.32 | USMV | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 468 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, USHY 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
USHY and USMV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
USHY and USMV do different jobs. What does each one do in a portfolio?
- What each follows. USHY follows ICE BofA US High Yield Constrained Index and USMV follows MSCI USA Minimum Volatility (USD) Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 USHY returned +1.7% and USMV +10.8% with distributions reinvested, a gap of 9.1 points.
Data as of Oct 28, 2026.
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USHY
USHY tracks an index of Broad USD High Yield Corporate Bond. Over the year to Oct 28, 2026 it returned +1.7% with distributions reinvested, against +1.8% for its benchmark, the ICE BofA US High Yield Constrained Index, measured by the closely related ICE BofA US High Yield Index. The prospectus expense ratio is 0.08% 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, USHY or USMV?
- In the year to Oct 28, 2026, with distributions reinvested, USHY returned +1.7% and USMV +10.8%.
- Which is cheaper, USHY or USMV?
- USHY is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.
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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, USHY against USMV, data as of Oct 28, 2026. https://etfiq.com/compare/any/ushy-vs-usmv
ETFIQ. (Oct 28, 2026). USHY against USMV. Retrieved from https://etfiq.com/compare/any/ushy-vs-usmv
[USHY against USMV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ushy-vs-usmv)
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