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

In the year to Oct 9, 2026, with distributions reinvested, USMV returned +7.5% and VV +17.1%.

Which is cheaper, USMV or VV?

VV 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.

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

By their latest filed holdings, 93% of USMV and 98% of VV by weight is stocks the S&P 500 already holds.

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USMV vs VV: Differences, Returns & Fees

USMV and VV hold 38% of their weight in the same names, and VV returned +17.1% over the year. Net assets: $23.8bn on Oct 9, 2026 for iShares MSCI USA Min Vol Factor ETF, and $54.1bn on Sep 30, 2026 for Vanguard Morningstar Large-Cap ETF.

VV costs 0.12 points a year less; their one-year returns differ by 9.6 points; VV is 2.3 times larger.

USMV vs VV: Differences, Returns & Fees
	USMV	VV
Expense ratio	0.15%	0.03%
Net assets, as of Sep 30, 2026	$23.2bn	$54.1bn
Total return, 1 year	+7.5%	+17.1%
What it tracks	MSCI USA Minimum Volatility (USD) Index	CRSP US Large Cap Index
Holdings in common	38%
Top ten holdings, share of the fund	15.1%	38.2%

Holdings in common uses holdings dated Aug 31, 2026 and Oct 9, 2026.

+7.5%

USMV total return, 1 year

+17.1%

VV total return, 1 year

0.15%

USMV expense ratio

0.03%

VV expense ratio

What they hold in common

By the books each fund has filed, USMV and VV hold 38% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Aug 31, 2026 and Oct 9, 2026.

50%

half

38% in common

Positions both hold, largest shared weight first

Holding USMV VV

MICROSOFT 1.66% 5.82%

NVIDIA 1.59% 7.84%

BERKSHIRE HATHAWAY INC CLASS B 1.46% 1.37%

EXXONMOBIL HOLDINGS CORP 1.49% 1.03%

JOHNSON & JOHNSON 1.44% 0.99%

APPLE 0.96% 7.19%

BROADCOM INC 0.93% 2.71%

VISA CLASS A 1.03% 0.90%

ADVANCED MICRO DEVICES 0.86% 1.19%

ELI LILLY 0.79% 1.51%

MICRON TECHNOLOGY 0.79% 1.67%

MASTERCARD CLASS A 1.27% 0.72%

Only in USMV

PTC 0.68%

F5 0.66%

LIBERTY MEDIA SERIES C 0.47%

FIRST CITIZENS BANCSHARES CLASS A 0.46%

INCYTE CORP 0.43%

UNITED THERAPEUTICS 0.42%

NEUROCRINE BIOSCIENCES 0.41%

MERCADOLIBRE 0.38%

Only in VV

Alphabet Inc 3.08%

Tesla Inc 1.60%

JPMorgan Chase & Co 1.47%

Bank of America Corp 0.61%

Intel Corp 0.58%

Caterpillar Inc 0.57%

General Electric Co 0.54%

Goldman Sachs Group Inc/The 0.44%

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On the same fields

USMV

iShares MSCI USA Min Vol Factor ETF

Vanguard Morningstar Large-Cap ETF

Where it sits Stock ETF Stock ETF

Issuer iShares Vanguard

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

Total return, 1 year +7.5% +17.1%

Expense ratio 0.15% 0.03%

Already in the S&P 500 93.0% 98.0%

Holdings 176 434

Net assets, USMV as of Oct 9, 2026 and VV as of Sep 30, 2026 $23.8bn $54.1bn

USMV and VV on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About USMV

USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 9, 2026 it returned +7.5% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 9, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 15.1%.

About VV

VV tracks an index. Over the year to Oct 9, 2026 it returned +17.1% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Aug 31, 2026, 98% of the fund by weight is stocks the S&P 500 also holds, across 434 positions, with the top ten at 38.2%.

Questions people ask

Which returned more over the last year, USMV or VV?: In the year to Oct 9, 2026, with distributions reinvested, USMV returned +7.5% and VV +17.1%.
Which is cheaper, USMV or VV?: VV 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.
How much do USMV and VV overlap with the S&P 500?: By their latest filed holdings, 93% of USMV and 98% of VV by weight is stocks the S&P 500 already holds.

Other comparisons

DYNF vs USMV CGDV vs USMV RDVY vs USMV SPMO vs USMV RDVY vs VV DFUS vs VV OEF vs VV IWV vs VV

USMV on its own →VV on its own →Hold both: look the portfolio through →Rankings →Standards and sources →

Where these figures came from

USMV filings on SEC EDGAR ↗USMV prospectus with the expense ratio (SEC) ↗iShares page for USMV ↗VV filings on SEC EDGAR ↗VV prospectus with the expense ratio (SEC) ↗Vanguard page for VV ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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.

Cite this pageCitation, APA and Markdown

ETFIQ, USMV against VV, data as of Oct 9, 2026. https://etfiq.com/compare/any/usmv-vs-vv

Open data

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