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

In the year to Oct 28, 2026, with distributions reinvested, USMV returned +10.8% and VXF +10.6%.

Which is cheaper, USMV or VXF?

VXF is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.

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

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

Data as of Oct 28, 2026.

Across categories

USMV vs VXF: Differences, Returns & Fees

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Over the year to Oct 28, 2026, USMV returned +10.8% to VXF's +10.6%; 4% 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 $30.2bn on Sep 30, 2026 for Vanguard Extended Market ETF.

USMV on its own →VXF on its own →

At a glance

+10.8%

USMV total return, 1 year

+10.6%

VXF total return, 1 year

0.15%

USMV expense ratio

0.05%

VXF expense ratio

Pair scorecard

VXF costs 0.10 points a year less; their one-year returns differ by 0.2 points; VXF is 1.3 times larger.

USMV vs VXF: Differences, Returns & Fees
Measure	USMV	VXF
Return
Measure	USMV	VXF
Total return, 1 year	+10.8%	+10.6%
Drawdown
Measure	USMV	VXF
Below its high		6.6%, high on Aug 14, 2026
Benchmark
Measure	USMV	VXF
What it tracks	MSCI USA Minimum Volatility (USD) Index	S&P Completion Index
Cost and size
Measure	USMV	VXF
Expense ratio	0.15%	0.05%
Net assets, as of Sep 30, 2026	$23.2bn	$30.2bn
Holdings
Measure	USMV	VXF
Holdings in common	4%
Top ten holdings, share of the fund	14.8%	11.3%

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 returns

USMV VXF

Return

Total return edge Tie +423.5% +419.3%

Annualized edge Tie +11.6% +11.6%

Price return edge VXF (slight) +295.7% +323.7%

Risk

Volatility edge USMV 13.4% 20.0%

Max drawdown edge USMV −30.6% −39.9%

Risk-adjusted

Sharpe edge USMV 0.76 0.56

Sortino edge USMV 1.09 0.82

Calmar edge USMV 0.38 0.29

Reading

USMV and VXF returned about the same: +423.5% and +419.3%. USMV swung less: 13.4% to 20.0%. USMV fell less at its worst: −30.6% to −39.9%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: USMV vs VXF: Differences, Returns & Fees
Measure	USMV	VXF	Edge	How it is measured
Return
Total return	+423.5%	+419.3%	Tie	Price change plus distributions, reinvested.
Annualized	+11.6%	+11.6%	Tie	Total return as a yearly rate.
Price return	+295.7%	+323.7%	VXF (slight)	Price change alone, distributions left out.
Risk
Volatility	13.4%	20.0%	USMV	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	9.3%	13.8%	USMV	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−30.6%	−39.9%	USMV	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.76	0.56	USMV	Return above Treasury bills per unit of volatility.
Sortino	1.09	0.82	USMV	Return above Treasury bills per unit of downside deviation.
Calmar	0.38	0.29	USMV	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 VXF hold 4% 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

4% in common

Positions both hold · largest shared weight first USMV VXF

SNOWFLAKE 0.56% 1.42%

CLOUDFLARE CLASS A 0.55% 1.35%

ALNYLAM PHARMACEUTICALS 0.50% 0.40%

UNITED THERAPEUTICS 0.44% 0.28%

LIBERTY MEDIA SERIES C 0.44% 0.25%

ZOOM COMMUNICATIONS CLASS A 0.24% 0.29%

FIRST CITIZENS BANCSHARES CLASS A 0.51% 0.22%

CHENIERE ENERGY 0.21% 0.67%

NEUROCRINE BIOSCIENCES 0.41% 0.17%

SUN COMMUNITIES REIT INC 0.19% 0.16%

ASTERA LABS 0.14% 0.67%

TRADEWEB MARKETS INC CLASS A 0.16% 0.14%

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 VXF

Space Exploration Technologies Corp 2.50%

SLCMT1142 2.26%

Natera Inc 0.72%

Strategy Inc 0.67%

Twilio Inc 0.54%

Revolution Medicines Inc 0.51%

Rocket Lab Corp 0.46%

Okta Inc 0.42%

Check overlap with more funds →

Side by side

USMV iShares MSCI USA Min Vol Factor ETF VXF Vanguard Extended Market 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 Extended Market

Total return, 1 year +10.8% +10.6%

Expense ratio 0.15% 0.05%

Already in the S&P 500 93.0% 0.0%

Holdings 176 3361

Net assets, USMV as of Oct 27, 2026 and VXF as of Sep 30, 2026 $24.1bn $30.2bn

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

Client brief · page 1 of 2 Report BR-863DE8E8A4

USMV and VXF do different jobs. What does each one do in a portfolio?

What each follows. USMV follows MSCI USA Minimum Volatility (USD) Index and VXF follows S&P Completion Index.
Holdings in common. 4% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
Number of holdings. USMV holds 176 positions and VXF holds 3361.

Data as of Oct 28, 2026.

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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%.

VXF

VXF tracks an index of Extended Market. Over the year to Oct 28, 2026 it returned +10.6% with distributions reinvested. The prospectus expense ratio is 0.05% 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 3,361 positions, with the top ten at 11.3%. It sat 6.6% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, USMV or VXF?: In the year to Oct 28, 2026, with distributions reinvested, USMV returned +10.8% and VXF +10.6%.
Which is cheaper, USMV or VXF?: VXF is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do USMV and VXF overlap with the S&P 500?: By their latest filed holdings, 93% of USMV and 0% of VXF by weight is stocks the S&P 500 already holds.

Other comparisons

MDY vs USMV MOAT vs USMV USMV vs VO IJH vs USMV RDVY vs VXF CGGR vs VXF DFUS vs VXF SPHQ vs VXF

Where to next

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

Sources and dates

USMV filings on SEC EDGAR ↗

USMV prospectus with the expense ratio (SEC) ↗

iShares page for USMV ↗

VXF filings on SEC EDGAR ↗

VXF prospectus with the expense ratio (SEC) ↗

Vanguard page for VXF ↗

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

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