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Data as of Oct 28, 2026.

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USMV vs VTIP: Differences, Returns & Fees

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Over the year to Oct 28, 2026, USMV returned +10.8% to VTIP's +2.2%; 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 $20.9bn on Sep 30, 2026 for Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares.

USMV on its own →VTIP on its own →
At a glance
+10.8%
USMV total return, 1 year
+2.2%
VTIP total return, 1 year
0.15%
USMV expense ratio
0.03%
VTIP expense ratio

Pair scorecard

VTIP costs 0.12 points a year less; their one-year returns differ by 8.6 points; USMV is 1.1 times larger.

USMV vs VTIP: Differences, Returns & Fees
MeasureUSMVVTIP
Return
Total return, 1 year+10.8%+2.2%
Benchmark
What it tracksMSCI USA Minimum Volatility (USD) IndexBloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index
Cost and size
Expense ratio0.15%0.03%
Net assets, as of Sep 30, 2026$23.2bn$20.9bn
Holdings
Holdings in common0%
In the S&P 500, by weight93%
Top ten holdings, share of the fund14.8%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

What they share

0%

By the books each fund has filed, USMV and VTIP hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first USMV VTIP
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 VTIP
United States Treasury Inflation Indexed Bonds 5.30%
United States Treasury Inflation Indexed Bonds 5.22%
United States Treasury Inflation Indexed Bonds 5.22%
United States Treasury Inflation Indexed Bonds 5.14%
United States Treasury Inflation Indexed Bonds 4.97%
United States Treasury Inflation Indexed Bonds 4.96%
United States Treasury Inflation Indexed Bonds 4.87%
United States Treasury Inflation Indexed Bonds 4.83%
Check overlap with more funds →

Side by side

USMV iShares MSCI USA Min Vol Factor ETF VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares
Where it sits Stock ETF Bond ETF
Issuer iShares Vanguard
What it is Tracks the MSCI USA Min Vol Factor Tracks an index of Short-Term Inflation-Protected Securities
Total return, 1 year +10.8% +2.2%
Expense ratio 0.15% 0.03%
Holdings 176 26
Net assets, USMV as of Oct 27, 2026 and VTIP as of Sep 30, 2026 $24.1bn $20.9bn

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

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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%.

VTIP

VTIP tracks an index of Short-Term Inflation-Protected Securities. Over the year to Oct 28, 2026 it returned +2.2% with distributions reinvested. The prospectus expense ratio is 0.03% a year.

Questions people ask

Which returned more over the last year, USMV or VTIP?
In the year to Oct 28, 2026, with distributions reinvested, USMV returned +10.8% and VTIP +2.2%.
Which is cheaper, USMV or VTIP?
VTIP 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.
Other comparisons
AGG vs USMVBND vs USMVIGIB vs USMVIGSB vs USMVRDVY vs VTIPCGGR vs VTIPSPMO vs VTIPDFUS vs VTIP
Where to next
USMV on its own →VTIP on its own →Hold both: look the portfolio through →Rankings →USMV dividend history →USMV holdings →VTIP dividend history →VTIP holdings →Standards and sources →
Sources and dates
USMV filings on SEC EDGAR ↗
USMV prospectus with the expense ratio (SEC) ↗
iShares page for USMV ↗
VTIP filings on SEC EDGAR ↗
VTIP prospectus with the expense ratio (SEC) ↗
Vanguard page for VTIP ↗

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

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