Data as of Oct 28, 2026.
USMV vs VWO: Differences, Returns & Fees
Over the year to Oct 28, 2026, USMV returned +10.8% to VWO's +4.8%; 0% of their weight is in the same names.
askIQ about this page
askIQ about USMV and VWO
Net assets: $24.1bn on Oct 27, 2026 for iShares MSCI USA Min Vol Factor ETF, and $125.4bn on Sep 30, 2026 for Vanguard FTSE Emerging Markets ETF.
Pair scorecard
VWO costs 0.09 points a year less; their one-year returns differ by 6.0 points; VWO is 5.4 times larger.
| Measure | USMV | VWO |
|---|---|---|
| Return | ||
| Total return, 1 year | +10.8% | +4.8% |
| Drawdown | ||
| Below its high | 7.0%, high on Sep 4, 2026 | |
| Benchmark | ||
| What it tracks | MSCI USA Minimum Volatility (USD) Index | FTSE Emerging Markets All Cap China A Inclusion Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.06% |
| Net assets, as of Sep 30, 2026 | $23.2bn | $125.4bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 14.8% | 29.8% |
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 VWO hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
USMV and VWO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
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%.
VWO
VWO tracks an index of Emerging markets. Over the year to Oct 28, 2026 it returned +4.8% with distributions reinvested. The prospectus expense ratio is 0.06% 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 6,515 positions, with the top ten at 29.8%. It sat 7.0% below its high of Sep 4, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, USMV or VWO?
- In the year to Oct 28, 2026, with distributions reinvested, USMV returned +10.8% and VWO +4.8%.
- Which is cheaper, USMV or VWO?
- VWO is cheaper, by 0.09 percentage points a year. That is about $9 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.
Cite this pageCitation, APA and Markdown
ETFIQ, USMV against VWO, data as of Oct 28, 2026. https://etfiq.com/compare/any/usmv-vs-vwo
ETFIQ. (Oct 28, 2026). USMV against VWO. Retrieved from https://etfiq.com/compare/any/usmv-vs-vwo
[USMV against VWO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/usmv-vs-vwo)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.