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

In the year to Oct 28, 2026, with distributions reinvested, USMV returned +10.8% and VB +14.4%.

Which is cheaper, USMV or VB?

VB is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.

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

By their latest filed holdings, 93% of USMV and 22% of VB by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

USMV vs VB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, USMV returned +10.8% to VB's +14.4%; 3% of their weight is in the same names.

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Net assets: $24.1bn on Oct 27, 2026 for iShares MSCI USA Min Vol Factor ETF, and $76.9bn on Sep 30, 2026 for Vanguard Morningstar Small-Cap ETF.

USMV on its own →VB on its own →

At a glance

+10.8%

USMV total return, 1 year

+14.4%

VB total return, 1 year

0.15%

USMV expense ratio

0.03%

VB expense ratio

Pair scorecard

VB costs 0.12 points a year less; their one-year returns differ by 3.6 points; VB is 3.3 times larger.

USMV vs VB: Differences, Returns & Fees
Measure	USMV	VB
Return
Measure	USMV	VB
Total return, 1 year	+10.8%	+14.4%
Drawdown
Measure	USMV	VB
Below its high		5.7%, high on Aug 14, 2026
Benchmark
Measure	USMV	VB
What it tracks	MSCI USA Minimum Volatility (USD) Index	Morningstar US Small Cap Index
Cost and size
Measure	USMV	VB
Expense ratio	0.15%	0.03%
Net assets, as of Sep 30, 2026	$23.2bn	$76.9bn
Holdings
Measure	USMV	VB
Holdings in common	3%
Top ten holdings, share of the fund	14.8%	5.9%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

What they share

By the books each fund has filed, USMV and VB hold 3% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

50%

0 half 100%

half

3% in common

Positions both hold · largest shared weight first USMV VB

F5 0.62% 0.32%

UNITED THERAPEUTICS 0.44% 0.29%

INCYTE CORP 0.43% 0.27%

LIBERTY MEDIA SERIES C 0.44% 0.25%

EXPAND ENERGY 0.24% 0.25%

CENTENE CORP 0.47% 0.19%

PTC 0.66% 0.19%

FIRST CITIZENS BANCSHARES CLASS A 0.51% 0.19%

NEUROCRINE BIOSCIENCES 0.41% 0.18%

SUN COMMUNITIES REIT INC 0.19% 0.17%

GEN DIGITAL 0.23% 0.15%

CREDO TECHNOLOGY GROUP HOLDING LTD 0.13% 0.42%

Only in one fund ↓

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%

Only in VB

SLCMT1142 1.31%

Natera Inc 0.72%

Twilio Inc 0.57%

Revolution Medicines Inc 0.53%

Everpure Inc 0.52%

Illumina Inc 0.52%

Okta Inc 0.44%

Moderna Inc 0.44%

Check overlap with more funds →

Side by side

USMV iShares MSCI USA Min Vol Factor ETF VB Vanguard Morningstar Small-Cap ETF

Where it sits Stock ETF Stock ETF

Issuer iShares Vanguard

What it is Tracks the MSCI USA Min Vol Factor Tracks an index of Small-Cap

Total return, 1 year +10.8% +14.4%

Expense ratio 0.15% 0.03%

Already in the S&P 500 93.0% 21.6%

Holdings 176 1303

Net assets, USMV as of Oct 27, 2026 and VB as of Sep 30, 2026 $24.1bn $76.9bn

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

Alert

About each fund

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%.

VB tracks an index of Small-Cap. Over the year to Oct 28, 2026 it returned +14.4% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 22% of the fund by weight is stocks the S&P 500 also holds, across 1,303 positions, with the top ten at 5.9%. It sat 5.7% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, USMV or VB?: In the year to Oct 28, 2026, with distributions reinvested, USMV returned +10.8% and VB +14.4%.
Which is cheaper, USMV or VB?: VB is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do USMV and VB overlap with the S&P 500?: By their latest filed holdings, 93% of USMV and 22% of VB by weight is stocks the S&P 500 already holds.

Other comparisons

IJR vs USMV IWC vs USMV IWM vs USMV IJT vs USMV RDVY vs VB CGGR vs VB MTUM vs VB DGRW vs VB

Where to next

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

Sources and dates

USMV filings on SEC EDGAR ↗

USMV prospectus with the expense ratio (SEC) ↗

iShares page for USMV ↗

VB filings on SEC EDGAR ↗

VB prospectus with the expense ratio (SEC) ↗

Vanguard page for VB ↗

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

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