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

In the year to Oct 9, 2026, with distributions reinvested, USMV returned +7.5% and VONE +16.8%.

Which is cheaper, USMV or VONE?

VONE is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.

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

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

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USMV vs VONE: Differences, Returns & Fees

USMV and VONE hold 36% of their weight in the same names, and VONE returned +16.8% over the year. Net assets: $23.8bn on Oct 9, 2026 for iShares MSCI USA Min Vol Factor ETF, and $8.9bn on Sep 30, 2026 for Vanguard Russell 1000 ETF.

VONE costs 0.09 points a year less; their one-year returns differ by 9.3 points; USMV is 2.6 times larger.

USMV vs VONE: Differences, Returns & Fees
	USMV	VONE
Expense ratio	0.15%	0.06%
Net assets, as of Sep 30, 2026	$23.2bn	$8.9bn
Total return, 1 year	+7.5%	+16.8%
What it tracks	MSCI USA Minimum Volatility (USD) Index	Russell 1000 Index
Holdings in common	36%
Top ten holdings, share of the fund	15.1%	34.9%

Holdings in common uses holdings dated Aug 31, 2026 and Oct 9, 2026.

+7.5%

USMV total return, 1 year

+16.8%

VONE total return, 1 year

0.15%

USMV expense ratio

0.06%

VONE expense ratio

What they hold in common

By the books each fund has filed, USMV and VONE hold 36% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Aug 31, 2026 and Oct 9, 2026.

50%

half

36% in common

Positions both hold, largest shared weight first

Holding USMV VONE

MICROSOFT 1.66% 5.31%

NVIDIA 1.59% 7.26%

BERKSHIRE HATHAWAY INC CLASS B 1.46% 1.32%

APPLE 0.96% 6.46%

EXXONMOBIL HOLDINGS CORP 1.49% 0.94%

BROADCOM INC 0.93% 2.43%

JOHNSON & JOHNSON 1.44% 0.90%

VISA CLASS A 1.03% 0.88%

ADVANCED MICRO DEVICES 0.86% 1.08%

ELI LILLY 0.79% 1.30%

MICRON TECHNOLOGY 0.79% 1.52%

MASTERCARD CLASS A 1.27% 0.67%

Only in USMV

WASTE CONNECTIONS 1.12%

TE CONNECTIVITY PLC 0.57%

MERCADOLIBRE 0.38%

SEAGATE TECHNOLOGY HOLDINGS PLC 0.35%

VYLOR 0.25%

DOW JONES US REAL ESTATE DEC 26 0.00%

S&P500 EMINI DEC 26 0.00%

Only in VONE

Alphabet Inc 2.79%

Tesla Inc 1.52%

JPMorgan Chase & Co 1.34%

Bank of America Corp 0.58%

Intel Corp 0.58%

Caterpillar Inc 0.51%

General Electric Co 0.49%

Goldman Sachs Group Inc/The 0.39%

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On the same fields

USMV

iShares MSCI USA Min Vol Factor ETF

VONE

Vanguard Russell 1000 ETF

Where it sits Stock ETF Stock ETF

Issuer iShares Vanguard

What it is Tracks the MSCI USA Min Vol Factor Tracks an index

Total return, 1 year +7.5% +16.8%

Its benchmark over the same days not published +16.6% (IWB)

Gap to its benchmark not available +0.1 pts vs IWB

Expense ratio 0.15% 0.06%

Already in the S&P 500 93.0% 92.6%

Holdings 176 1022

Net assets, USMV as of Oct 9, 2026 and VONE as of Sep 30, 2026 $23.8bn $8.9bn

USMV and VONE on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About USMV

USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 9, 2026 it returned +7.5% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 9, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 15.1%.

About VONE

VONE tracks an index. Over the year to Oct 9, 2026 it returned +16.8% with distributions reinvested, against +16.6% for its benchmark, the Russell 1000 Index. The prospectus expense ratio is 0.06% a year. By its holdings published by its issuer as of Aug 31, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 1,022 positions, with the top ten at 34.9%.

Questions people ask

Which returned more over the last year, USMV or VONE?: In the year to Oct 9, 2026, with distributions reinvested, USMV returned +7.5% and VONE +16.8%.
Which is cheaper, USMV or VONE?: VONE is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do USMV and VONE overlap with the S&P 500?: By their latest filed holdings, 93% of USMV and 93% of VONE by weight is stocks the S&P 500 already holds.

Other comparisons

IOO vs USMV BBUS vs USMV BLCR vs USMV MGC vs USMV DGRW vs VONE CGDV vs VONE DYNF vs VONE DIA vs VONE

USMV on its own →VONE on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

USMV filings on SEC EDGAR ↗USMV prospectus with the expense ratio (SEC) ↗iShares page for USMV ↗VONE filings on SEC EDGAR ↗VONE prospectus with the expense ratio (SEC) ↗Vanguard page for VONE ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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 VONE, data as of Oct 9, 2026. https://etfiq.com/compare/any/usmv-vs-vone

Open data

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