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

In the year to Oct 28, 2026, with distributions reinvested, USMV returned +10.8% and VPL +24.8%.

Which is cheaper, USMV or VPL?

VPL is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.

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

By their latest filed holdings, 93% of USMV and 0% of VPL by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

USMV vs VPL: Differences, Returns & Fees

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Over the year to Oct 28, 2026, USMV returned +10.8% to VPL's +24.8%; 0% 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 $9.0bn on Sep 30, 2026 for Vanguard FTSE Pacific ETF.

USMV on its own →VPL on its own →

At a glance

+10.8%

USMV total return, 1 year

+24.8%

VPL total return, 1 year

0.15%

USMV expense ratio

0.07%

VPL expense ratio

Pair scorecard

VPL costs 0.08 points a year less; their one-year returns differ by 14.0 points; USMV is 2.6 times larger.

USMV vs VPL: Differences, Returns & Fees
Measure	USMV	VPL
Return
Measure	USMV	VPL
Total return, 1 year	+10.8%	+24.8%
Drawdown
Measure	USMV	VPL
Below its high		7.2%, high on Jun 22, 2026
Benchmark
Measure	USMV	VPL
What it tracks	MSCI USA Minimum Volatility (USD) Index	FTSE Developed Asia Pacific All Cap Index
Cost and size
Measure	USMV	VPL
Expense ratio	0.15%	0.07%
Net assets, as of Sep 30, 2026	$23.2bn	$9.0bn
Holdings
Measure	USMV	VPL
Holdings in common	0%
Top ten holdings, share of the fund	14.8%	24.8%

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 VPL hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first USMV VPL

ALLSTATE CORP 0.54% 0.17%

REPUBLIC SERVICES INC 1.31% 0.01%

ELEVANCE HEALTH INC 0.31% 0.01%

LINDE PLC 0.65% 0.00%

SEAGATE TECHNOLOGY HOLDINGS PLC 0.29% 0.00%

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 VPL

Samsung Electronics Co Ltd 7.11%

SK hynix Inc 5.82%

Mitsubishi UFJ Financial Group Inc 1.98%

BHP Group Ltd 1.69%

SLBBH1142 1.57%

Toyota Motor Corp 1.51%

Commonwealth Bank of Australia 1.37%

Tokyo Electron Ltd 1.30%

Check overlap with more funds →

Side by side

USMV iShares MSCI USA Min Vol Factor ETF VPL Vanguard FTSE Pacific ETF

Where it sits Stock ETF Stock ETF

Issuer iShares Vanguard

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

Total return, 1 year +10.8% +24.8%

Expense ratio 0.15% 0.07%

Already in the S&P 500 93.0% 0.0%

Holdings 176 2343

Net assets, USMV as of Oct 27, 2026 and VPL as of Sep 30, 2026 $24.1bn $9.0bn

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

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%.

VPL

VPL tracks an index of Pacific Stock. Over the year to Oct 28, 2026 it returned +24.8% with distributions reinvested. The prospectus expense ratio is 0.07% 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 2,343 positions, with the top ten at 24.8%. It sat 7.2% below its high of Jun 22, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, USMV or VPL?: In the year to Oct 28, 2026, with distributions reinvested, USMV returned +10.8% and VPL +24.8%.
Which is cheaper, USMV or VPL?: VPL is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do USMV and VPL overlap with the S&P 500?: By their latest filed holdings, 93% of USMV and 0% of VPL by weight is stocks the S&P 500 already holds.

Other comparisons

EWZ vs USMV EWT vs USMV AVDV vs USMV FXI vs USMV SPMO vs VPL DGRW vs VPL AVUS vs VPL DYNF vs VPL

Where to next

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

Sources and dates

USMV filings on SEC EDGAR ↗

USMV prospectus with the expense ratio (SEC) ↗

iShares page for USMV ↗

VPL filings on SEC EDGAR ↗

VPL prospectus with the expense ratio (SEC) ↗

Vanguard page for VPL ↗

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

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