Data as of Oct 28, 2026.
USMV vs VONG: Differences, Returns & Fees
Over the year to Oct 28, 2026, USMV returned +10.8% to VONG's +1.1%; 23% 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 $47.1bn on Sep 30, 2026 for Vanguard Russell 1000 Growth ETF.
Pair scorecard
VONG costs 0.09 points a year less; their one-year returns differ by 9.7 points; VONG is 2.0 times larger.
| Measure | USMV | VONG |
|---|---|---|
| Return | ||
| Total return, 1 year | +10.8% | +1.1% |
| Drawdown | ||
| Below its high | 4.8%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | MSCI USA Minimum Volatility (USD) Index | Russell 1000 Growth Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.06% |
| Net assets, as of Sep 30, 2026 | $23.2bn | $47.1bn |
| Holdings | ||
| Holdings in common | 23% | |
| Top ten holdings, share of the fund | 14.8% | 57.6% |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Oct 28, 2011 to Oct 23, 2026 · 782 weekly returnsVONG returned more: +850.2% to +423.5%. USMV swung less: 13.4% to 17.8%. USMV fell slightly less at its worst: −30.6% to −32.5%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | USMV | VONG | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +423.5% | +850.2% | VONG | Price change plus distributions, reinvested. |
| Annualized | +11.6% | +16.2% | VONG | Total return as a yearly rate. |
| Price return | +295.7% | +707.6% | VONG | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 13.4% | 17.8% | USMV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 9.3% | 11.9% | USMV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −30.6% | −32.5% | USMV (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.76 | 0.84 | VONG (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 1.09 | 1.25 | VONG | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.38 | 0.50 | VONG | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 782 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, USMV and VONG hold 23% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
23% in common
Only in one fund ↓
Side by side
USMV and VONG on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
USMV and VONG do different jobs. What does each one do in a portfolio?
- What each follows. USMV follows MSCI USA Minimum Volatility (USD) Index and VONG follows Russell 1000 Growth Index.
- Holdings in common. 23% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 USMV returned +10.8% and VONG +1.1% with distributions reinvested, a gap of 9.7 points.
Data as of Oct 28, 2026.
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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%.
VONG
VONG tracks the Russell 1000 Growth. Over the year to Oct 28, 2026 it returned +1.1% with distributions reinvested, against +0.9% for its benchmark, the Russell 1000 Growth Index. The prospectus expense ratio is 0.06% a year. By its holdings published by its issuer as of Sep 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 373 positions, with the top ten at 57.6%. It sat 4.8% below its high of Oct 6, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, USMV or VONG?
- In the year to Oct 28, 2026, with distributions reinvested, USMV returned +10.8% and VONG +1.1%.
- Which is cheaper, USMV or VONG?
- VONG 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.
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 VONG, data as of Oct 28, 2026. https://etfiq.com/compare/any/usmv-vs-vong
ETFIQ. (Oct 28, 2026). USMV against VONG. Retrieved from https://etfiq.com/compare/any/usmv-vs-vong
[USMV against VONG (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/usmv-vs-vong)
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