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

In the year to Oct 28, 2026, with distributions reinvested, USMV returned +10.8% and VLUE +54.7%.

Which is cheaper, USMV or VLUE?

Neither: USMV and VLUE both charge 0.15% a year. Fees come from each fund's prospectus.

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

By their latest filed holdings, 93% of USMV and 97% of VLUE by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

USMV vs VLUE: Differences, Returns & Fees

Share on X Download as PDF

Over the year to Oct 28, 2026, USMV returned +10.8% to VLUE's +54.7%; 14% of their weight is in the same names.

askIQ about this page

askIQ about USMV and VLUE

Net assets: $24.1bn on Oct 27, 2026 for iShares MSCI USA Min Vol Factor ETF, and $9.4bn on Oct 28, 2026 for iShares MSCI USA Value Factor ETF.

USMV on its own →VLUE on its own →

At a glance

+10.8%

USMV total return, 1 year

+54.7%

VLUE total return, 1 year

0.15%

USMV expense ratio

0.15%

VLUE expense ratio

Pair scorecard

Both cost 0.15% a year; their one-year returns differ by 43.9 points; USMV is 2.6 times larger.

Points (pts) are percentage points.

USMV vs VLUE: Differences, Returns & Fees
Measure	USMV	VLUE
Return
Measure	USMV	VLUE
Total return, 1 year	+10.8%	+54.7%
Benchmark
Measure	USMV	VLUE
What it tracks	MSCI USA Minimum Volatility (USD) Index	MSCI USA Enhanced Value Index
Cost and size
Measure	USMV	VLUE
Expense ratio	0.15%	0.15%
Net assets, as of Oct 27, 2026	$24.1bn	$9.3bn
Holdings
Measure	USMV	VLUE
Holdings in common	14%
Top ten holdings, share of the fund	14.8%	42.8%

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

Risk and return

Apr 26, 2013 to Oct 23, 2026 · 704 weekly returns

USMV VLUE

Return

Total return edge VLUE +296.5% +429.0%

Annualized edge VLUE +10.7% +13.1%

Price return edge VLUE +207.6% +280.4%

Risk

Volatility edge USMV 13.7% 18.3%

Max drawdown edge USMV −30.6% −37.5%

Risk-adjusted

Sharpe edge Tie 0.68 0.66

Sortino edge Tie 0.96 0.95

Calmar edge Tie 0.35 0.35

Reading

VLUE returned more: +429.0% to +296.5%. USMV swung less: 13.7% to 18.3%. USMV fell less at its worst: −30.6% to −37.5%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: USMV vs VLUE: Differences, Returns & Fees
Measure	USMV	VLUE	Edge	How it is measured
Return
Total return	+296.5%	+429.0%	VLUE	Price change plus distributions, reinvested.
Annualized	+10.7%	+13.1%	VLUE	Total return as a yearly rate.
Price return	+207.6%	+280.4%	VLUE	Price change alone, distributions left out.
Risk
Volatility	13.7%	18.3%	USMV	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	9.7%	12.7%	USMV	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−30.6%	−37.5%	USMV	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.68	0.66	Tie	Return above Treasury bills per unit of volatility.
Sortino	0.96	0.95	Tie	Return above Treasury bills per unit of downside deviation.
Calmar	0.35	0.35	Tie	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 704 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

14%

By the books each fund has filed, USMV and VLUE hold 14% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

14% in common

Positions both hold · largest shared weight first USMV VLUE

CISCO SYSTEMS INC 1.35% 4.37%

VERIZON COMMUNICATIONS INC 1.26% 2.72%

SALESFORCE 1.11% 1.27%

ACCENTURE PLC CLASS A 0.91% 1.31%

AT&T 0.73% 2.24%

MICRON TECHNOLOGY 0.69% 20.94%

KROGER 0.63% 0.63%

TE CONNECTIVITY PLC 0.58% 0.73%

ADOBE INC 0.53% 0.63%

CENTENE CORP 0.47% 0.54%

COGNIZANT TECHNOLOGY SOLUTIONS CLA 0.44% 0.60%

ROPER TECHNOLOGIES 1.12% 0.39%

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 VLUE

GENERAL MOTORS 3.54%

HEWLETT PACKARD ENTERPRISE 1.95%

PFIZER 1.86%

BANK OF AMERICA 1.77%

DELL TECHNOLOGIES INC CLASS C 1.72%

WALT DISNEY 1.71%

FORD MOTOR CO 1.67%

COMCAST CLASS A 1.58%

Check overlap with more funds →

Side by side

USMV iShares MSCI USA Min Vol Factor ETF VLUE iShares MSCI USA Value Factor ETF

Where it sits Stock ETF Stock ETF

Issuer iShares iShares

What it is Tracks the MSCI USA Min Vol Factor Tracks the MSCI USA Value Factor

Total return, 1 year +10.8% +54.7%

Its benchmark over the same days not measured +13.6% (MLRG)

Gap to its benchmark not measured +41.1 pts vs MLRG

Expense ratio 0.15% 0.15%

Already in the S&P 500 93.0% 96.6%

Holdings 176 148

Net assets, USMV as of Oct 27, 2026 and VLUE as of Oct 28, 2026 $24.1bn $9.4bn

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

Client brief · page 1 of 2 Report BR-68FCFEA9EA

USMV and VLUE do different jobs. What does each one do in a portfolio?

What each follows. USMV follows MSCI USA Minimum Volatility (USD) Index and VLUE follows MSCI USA Enhanced Value Index.
Holdings in common. 14% of the weight is in the same securities (holdings dated Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 USMV returned +10.8% and VLUE +54.7% with distributions reinvested, a gap of 43.9 points.

Data as of Oct 28, 2026.

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Your saved page · Privacy.

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%.

VLUE

VLUE tracks the MSCI USA Value Factor. Over the year to Oct 28, 2026 it returned +54.7% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. By its holdings published by its issuer for Oct 27, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 148 positions, with the top ten at 42.8%.

Questions people ask

Which returned more over the last year, USMV or VLUE?: In the year to Oct 28, 2026, with distributions reinvested, USMV returned +10.8% and VLUE +54.7%.
Which is cheaper, USMV or VLUE?: Neither: USMV and VLUE both charge 0.15% a year. Fees come from each fund's prospectus.
How much do USMV and VLUE overlap with the S&P 500?: By their latest filed holdings, 93% of USMV and 97% of VLUE by weight is stocks the S&P 500 already holds.

Other comparisons

AVLV vs USMV FNDX vs USMV CGDV vs USMV DGRO vs USMV DGRW vs VLUE AVUS vs VLUE GRNY vs VLUE RDVY vs VLUE

Where to next

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

Sources and dates

USMV and VLUE filings on SEC EDGAR ↗

USMV and VLUE prospectus with the expense ratio (SEC) ↗

iShares page for USMV ↗

iShares page for VLUE ↗

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 VLUE, data as of Oct 28, 2026. https://etfiq.com/compare/any/usmv-vs-vlue

Open data →

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