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

In the year to Oct 28, 2026, with distributions reinvested, USMV returned +10.8% and VBK +10.3%.

Which is cheaper, USMV or VBK?

VBK is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.

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

By their latest filed holdings, 93% of USMV and 10% of VBK by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

USMV vs VBK: Differences, Returns & Fees

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Over the year to Oct 28, 2026, USMV returned +10.8% to VBK's +10.3%; 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 $22.8bn on Sep 30, 2026 for Vanguard Morningstar Small-Cap Growth ETF.

USMV on its own →VBK on its own →

At a glance

+10.8%

USMV total return, 1 year

+10.3%

VBK total return, 1 year

0.15%

USMV expense ratio

0.05%

VBK expense ratio

Pair scorecard

VBK costs 0.10 points a year less; their one-year returns differ by 0.5 points.

USMV vs VBK: Differences, Returns & Fees
Measure	USMV	VBK
Return
Measure	USMV	VBK
Total return, 1 year	+10.8%	+10.3%
Drawdown
Measure	USMV	VBK
Below its high		8.0%, high on Aug 17, 2026
Benchmark
Measure	USMV	VBK
What it tracks	MSCI USA Minimum Volatility (USD) Index	Morningstar US Small Cap Growth Index
Cost and size
Measure	USMV	VBK
Expense ratio	0.15%	0.05%
Net assets, as of Sep 30, 2026	$23.2bn	$22.8bn
Holdings
Measure	USMV	VBK
Holdings in common	3%
Top ten holdings, share of the fund	14.8%	12.2%

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 VBK 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 VBK

LIBERTY MEDIA SERIES C 0.44% 0.56%

PTC 0.66% 0.43%

INCYTE CORP 0.43% 0.60%

NEUROCRINE BIOSCIENCES 0.41% 0.41%

UNITED THERAPEUTICS 0.44% 0.33%

FIRST SOLAR 0.30% 0.26%

SUN COMMUNITIES REIT INC 0.19% 0.39%

ROLLINS INC 0.23% 0.14%

CREDO TECHNOLOGY GROUP HOLDING LTD 0.13% 0.94%

SAMSARA CLASS A 0.11% 0.36%

WEYERHAEUSER REIT 0.10% 0.39%

CIRCLE INTERNET GROUP INC CLASS A 0.05% 0.36%

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 VBK

SLCMT1142 2.09%

Natera Inc 1.61%

Twilio Inc 1.28%

Revolution Medicines Inc 1.19%

Illumina Inc 1.18%

Everpure Inc 1.18%

Okta Inc 1.00%

EMCOR Group Inc 0.95%

Check overlap with more funds →

Side by side

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

Total return, 1 year +10.8% +10.3%

Expense ratio 0.15% 0.05%

Already in the S&P 500 93.0% 10.2%

Holdings 176 554

Net assets, USMV as of Oct 27, 2026 and VBK as of Sep 30, 2026 $24.1bn $22.8bn

USMV and VBK 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%.

VBK

VBK tracks an index of Small-Cap Growth. Over the year to Oct 28, 2026 it returned +10.3% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 10% of the fund by weight is stocks the S&P 500 also holds, across 554 positions, with the top ten at 12.2%. It sat 8.0% below its high of Aug 17, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, USMV or VBK?: In the year to Oct 28, 2026, with distributions reinvested, USMV returned +10.8% and VBK +10.3%.
Which is cheaper, USMV or VBK?: VBK is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do USMV and VBK overlap with the S&P 500?: By their latest filed holdings, 93% of USMV and 10% of VBK by weight is stocks the S&P 500 already holds.

Other comparisons

IWO vs USMV FTGS vs USMV AVUV vs USMV IJS vs USMV RDVY vs VBK CGGR vs VBK MTUM vs VBK DGRW vs VBK

Where to next

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

Sources and dates

USMV filings on SEC EDGAR ↗

USMV prospectus with the expense ratio (SEC) ↗

iShares page for USMV ↗

VBK filings on SEC EDGAR ↗

VBK prospectus with the expense ratio (SEC) ↗

Vanguard page for VBK ↗

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

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