Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
USMV vs VOX: how they differ
USMV and VOX hold 0% of their weight in the same names, and USMV returned more over the year.
iShares MSCI USA Min Vol Factor ETF and Vanguard Communication Services Index Fund.
What they hold in common
By the books each fund has filed, USMV and VOX hold 0% of their money in the same securities at the same weight.
| Only in USMV | Only in VOX |
|---|---|
| AMPHENOL CORP CLASS A 1.58% | Meta Platforms Inc 21.12% |
| MICROSOFT 1.56% | Alphabet Inc 16.14% |
| NVIDIA 1.54% | Alphabet Inc 10.61% |
| WELLTOWER 1.53% | Netflix Inc 4.77% |
| CHUBB 1.49% | Verizon Communications Inc 4.17% |
| JOHNSON & JOHNSON 1.49% | Walt Disney Co/The 3.96% |
| VERIZON COMMUNICATIONS INC 1.49% | AT&T Inc 3.69% |
| EXXONMOBIL HOLDINGS CORP 1.48% | Warner Bros Discovery Inc 2.74% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated May 31, 2026 and Sep 10, 2026.
| USMV iShares MSCI USA Min Vol Factor ETF | VOX Vanguard Communication Services Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Vanguard |
| What it is | MSCI USA Min Vol Factor | Communication Services |
| Total return, 1 year | +6.6% | +2.9% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −10.9 pts | −14.6 pts |
| Expense ratio | 0.15% | 0.09% |
| Already in the S&P 500 | 94.8% | 84.5% |
| Holdings | 175 | 114 |
USMV in plain words
USMV is an index equity fund tracking the MSCI USA Min Vol Factor. Over the year to Sep 11, 2026 it returned +6.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Sep 10, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 175 positions, with the top ten at 15.1%.
VOX in plain words
VOX is an index equity fund tracking the Communication Services. Over the year to Sep 11, 2026 it returned +2.9% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for May 31, 2026, 84% of the fund by weight is stocks the S&P 500 also holds, across 114 positions, with the top ten at 72.1%. It sat 4.3% below its high of Jan 29, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, USMV or VOX?
- In the year to Sep 13, 2026, with distributions reinvested, USMV returned +6.6% and VOX returned +2.9%, so USMV returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, USMV or VOX?
- USMV charges 0.15% a year and VOX charges 0.09%, so VOX is cheaper. Fees come from each fund's prospectus.
- How much do USMV and VOX overlap with the S&P 500?
- By their latest filed holdings, 95% of USMV and 84% of VOX by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, USMV against VOX, data as of Sep 13, 2026. https://etfiq.com/compare/any/usmv-vs-vox Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources