Data as of Oct 28, 2026.
USMV vs VTI: Differences, Returns & Fees
Over the year to Oct 28, 2026, USMV returned +10.8% to VTI's +13.5%; 34% 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 $689.2bn on Sep 30, 2026 for Vanguard Morningstar Total Stock Market ETF.
Pair scorecard
VTI costs 0.12 points a year less; their one-year returns differ by 2.7 points; VTI is far larger, $689.2bn against $23.2bn.
| Measure | USMV | VTI |
|---|---|---|
| Return | ||
| Total return, 1 year | +10.8% | +13.5% |
| Benchmark | ||
| What it tracks | MSCI USA Minimum Volatility (USD) Index | Morningstar US Total Market Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.03% |
| Net assets, as of Sep 30, 2026 | $23.2bn | $689.2bn |
| Holdings | ||
| Holdings in common | 34% | |
| Top ten holdings, share of the fund | 14.8% | 34.7% |
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 returnsVTI returned more: +631.9% to +423.5%. USMV swung less: 13.4% to 16.1%. USMV fell slightly less at its worst: −30.6% to −32.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | USMV | VTI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +423.5% | +631.9% | VTI | Price change plus distributions, reinvested. |
| Annualized | +11.6% | +14.2% | VTI | Total return as a yearly rate. |
| Price return | +295.7% | +465.6% | VTI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 13.4% | 16.1% | USMV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 9.3% | 11.1% | USMV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −30.6% | −32.9% | USMV (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.76 | 0.80 | VTI (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 1.09 | 1.16 | VTI (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.38 | 0.43 | VTI | 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 VTI hold 34% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
34% in common
Only in one fund ↓
Side by side
USMV and VTI on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
USMV and VTI are built for the same job. How do they differ in cost, holdings and results?
- What each follows. USMV follows MSCI USA Minimum Volatility (USD) Index and VTI follows Morningstar US Total Market Index.
- Holdings in common. 34% 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 VTI +13.5% with distributions reinvested, a gap of 2.7 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%.
VTI
VTI tracks an index of US total market. Over the year to Oct 28, 2026 it returned +13.5% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 3,521 positions, with the top ten at 34.7%.
Questions people ask
- Which returned more over the last year, USMV or VTI?
- In the year to Oct 28, 2026, with distributions reinvested, USMV returned +10.8% and VTI +13.5%.
- Which is cheaper, USMV or VTI?
- VTI is cheaper, by 0.12 percentage points a year. That is about $12 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 VTI, data as of Oct 28, 2026. https://etfiq.com/compare/any/usmv-vs-vti
ETFIQ. (Oct 28, 2026). USMV against VTI. Retrieved from https://etfiq.com/compare/any/usmv-vs-vti
[USMV against VTI (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/usmv-vs-vti)
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