Data as of Oct 28, 2026.
USMV vs VCLT: Differences, Returns & Fees
Over the year to Oct 28, 2026, USMV returned +10.8% to VCLT's −5.9%; 0% 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 $7.5bn on Sep 30, 2026 for Vanguard Long-Term Corporate Bond ETF.
Pair scorecard
VCLT costs 0.12 points a year less; their one-year returns differ by 16.7 points; USMV is 3.1 times larger.
| Measure | USMV | VCLT |
|---|---|---|
| Return | ||
| Total return, 1 year | +10.8% | −5.9% |
| Drawdown | ||
| Below its high | 17.8%, high on Sep 22, 2021 | |
| Benchmark | ||
| What it tracks | MSCI USA Minimum Volatility (USD) Index | Bloomberg U.S. 10+ Year Corporate Bond Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.03% |
| Net assets, as of Sep 30, 2026 | $23.2bn | $7.5bn |
| 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 Sep 30, 2026 and Oct 27, 2026. Method
What they share
By the books each fund has filed, USMV and VCLT hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
USMV and VCLT on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
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%.
VCLT
VCLT tracks an index of Long-Term Corporate Bond. Over the year to Oct 28, 2026 it returned −5.9% with distributions reinvested. The prospectus expense ratio is 0.03% a year. It sat 17.8% below its high of Sep 22, 2021 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, USMV or VCLT?
- In the year to Oct 28, 2026, with distributions reinvested, USMV returned +10.8% and VCLT −5.9%.
- Which is cheaper, USMV or VCLT?
- VCLT 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.
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 VCLT, data as of Oct 28, 2026. https://etfiq.com/compare/any/usmv-vs-vclt
ETFIQ. (Oct 28, 2026). USMV against VCLT. Retrieved from https://etfiq.com/compare/any/usmv-vs-vclt
[USMV against VCLT (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/usmv-vs-vclt)
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