Data as of Oct 28, 2026.
USMV vs XLK: Differences, Returns & Fees
Over the year to Oct 28, 2026, USMV returned +10.8% to XLK's +27.1%; 24% of their weight is in the same names.
askIQ about this page
askIQ about USMV and XLK
Net assets on Oct 27, 2026: $24.1bn for iShares MSCI USA Min Vol Factor ETF and $125.0bn for State Street Technology Select Sector SPDR ETF.
Pair scorecard
XLK costs 0.07 points a year less; their one-year returns differ by 16.3 points; XLK is 5.2 times larger.
| Measure | USMV | XLK |
|---|---|---|
| Return | ||
| Total return, 1 year | +10.8% | +27.1% |
| Drawdown | ||
| Below its high | 5.4%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | MSCI USA Minimum Volatility (USD) Index | Technology Select Sector Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.08% |
| Net assets, as of Oct 27, 2026 | $24.1bn | $125.0bn |
| Holdings | ||
| Holdings in common | 24% | |
| Top ten holdings, share of the fund | 14.8% | 64.6% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Oct 28, 2011 to Oct 23, 2026 · 782 weekly returnsXLK returned more: +1,578.7% to +423.5%. USMV swung less: 13.4% to 20.2%. USMV fell slightly less at its worst: −30.6% to −32.6%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | USMV | XLK | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +423.5% | +1,578.7% | XLK | Price change plus distributions, reinvested. |
| Annualized | +11.6% | +20.6% | XLK | Total return as a yearly rate. |
| Price return | +295.7% | +1,283.9% | XLK | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 13.4% | 20.2% | USMV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 9.3% | 13.3% | USMV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −30.6% | −32.6% | USMV (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.76 | 0.95 | XLK | Return above Treasury bills per unit of volatility. |
| Sortino | 1.09 | 1.44 | XLK | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.38 | 0.63 | XLK | 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 XLK hold 24% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
24% in common
Only in one fund ↓
Side by side
USMV and XLK on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
USMV and XLK do different jobs. What does each one do in a portfolio?
- What each follows. USMV follows MSCI USA Minimum Volatility (USD) Index and XLK follows Technology Select Sector Index.
- Holdings in common. 24% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 USMV returned +10.8% and XLK +27.1% with distributions reinvested, a gap of 16.3 points.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
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%.
XLK
XLK tracks an index of Technology. Over the year to Oct 28, 2026 it returned +27.1% with distributions reinvested, against +13.6% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 76 positions, with the top ten at 64.6%. It sat 5.4% below its high of Oct 6, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, USMV or XLK?
- In the year to Oct 28, 2026, with distributions reinvested, USMV returned +10.8% and XLK +27.1%.
- Which is cheaper, USMV or XLK?
- XLK is cheaper, by 0.07 percentage points a year. That is about $7 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 XLK, data as of Oct 28, 2026. https://etfiq.com/compare/any/usmv-vs-xlk
ETFIQ. (Oct 28, 2026). USMV against XLK. Retrieved from https://etfiq.com/compare/any/usmv-vs-xlk
[USMV against XLK (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/usmv-vs-xlk)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.