Data as of Oct 28, 2026.
USMV vs VEU: Differences, Returns & Fees
Over the year to Oct 28, 2026, USMV returned +10.8% to VEU's +14.4%; 1% of their weight is in the same names.
askIQ about this page
askIQ about USMV and VEU
Net assets: $24.1bn on Oct 27, 2026 for iShares MSCI USA Min Vol Factor ETF, and $68.1bn on Sep 30, 2026 for Vanguard FTSE All World Ex US ETF.
Pair scorecard
VEU costs 0.11 points a year less; their one-year returns differ by 3.6 points; VEU is 2.9 times larger.
| Measure | USMV | VEU |
|---|---|---|
| Return | ||
| Total return, 1 year | +10.8% | +14.4% |
| Drawdown | ||
| Below its high | 5.0%, high on Sep 4, 2026 | |
| Benchmark | ||
| What it tracks | MSCI USA Minimum Volatility (USD) Index | FTSE All-World ex US Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.04% |
| Net assets, as of Sep 30, 2026 | $23.2bn | $68.1bn |
| Holdings | ||
| Holdings in common | 1% | |
| Top ten holdings, share of the fund | 14.8% | 15.2% |
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 VEU hold 1% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
1% in common
Only in one fund ↓
Side by side
USMV and VEU 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%.
VEU
VEU tracks the FTSE All-World ex-US. Over the year to Oct 28, 2026 it returned +14.4% with distributions reinvested. The prospectus expense ratio is 0.04% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 3,816 positions, with the top ten at 15.2%. It sat 5.0% below its high of Sep 4, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, USMV or VEU?
- In the year to Oct 28, 2026, with distributions reinvested, USMV returned +10.8% and VEU +14.4%.
- Which is cheaper, USMV or VEU?
- VEU is cheaper, by 0.11 percentage points a year. That is about $11 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, USMV against VEU, data as of Oct 28, 2026. https://etfiq.com/compare/any/usmv-vs-veu
ETFIQ. (Oct 28, 2026). USMV against VEU. Retrieved from https://etfiq.com/compare/any/usmv-vs-veu
[USMV against VEU (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/usmv-vs-veu)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.