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

In the year to Oct 28, 2026, with distributions reinvested, USMV returned +10.8% and XLP +13.8%.

Which is cheaper, USMV or XLP?

XLP 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.

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

By their latest filed holdings, 93% of USMV and 100% of XLP by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

USMV vs XLP: Differences, Returns & Fees

Share on X Download as PDF

Over the year to Oct 28, 2026, USMV returned +10.8% to XLP's +13.8%; 10% of their weight is in the same names.

askIQ about this page

askIQ about USMV and XLP

Net assets on Oct 27, 2026: $24.1bn for iShares MSCI USA Min Vol Factor ETF and $14.6bn for State Street Consumer Staples Select Sector SPDR ETF.

USMV on its own →XLP on its own →

At a glance

+10.8%

USMV total return, 1 year

+13.8%

XLP total return, 1 year

0.15%

USMV expense ratio

0.08%

XLP expense ratio

Pair scorecard

XLP costs 0.07 points a year less; their one-year returns differ by 3.0 points; USMV is 1.7 times larger.

USMV vs XLP: Differences, Returns & Fees
Measure	USMV	XLP
Return
Measure	USMV	XLP
Total return, 1 year	+10.8%	+13.8%
Drawdown
Measure	USMV	XLP
Below its high		3.5%, high on Oct 22, 2026
Benchmark
Measure	USMV	XLP
What it tracks	MSCI USA Minimum Volatility (USD) Index	Consumer Staples Select Sector Index
Cost and size
Measure	USMV	XLP
Expense ratio	0.15%	0.08%
Net assets, as of Oct 27, 2026	$24.1bn	$14.6bn
Holdings
Measure	USMV	XLP
Holdings in common	10%
Top ten holdings, share of the fund	14.8%	62.9%

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

Risk and return

Oct 28, 2011 to Oct 23, 2026 · 782 weekly returns

USMV XLP

Return

Total return edge USMV +423.5% +318.8%

Annualized edge USMV +11.6% +10.0%

Price return edge USMV +295.7% +180.1%

Risk

Volatility edge Tie 13.4% 13.2%

Max drawdown edge XLP −30.6% −22.2%

Risk-adjusted

Sharpe edge USMV 0.76 0.66

Sortino edge USMV 1.09 0.93

Calmar edge XLP 0.38 0.45

Reading

USMV returned more: +423.5% to +318.8%. USMV and XLP swung about the same: 13.4% and 13.2%. XLP fell less at its worst: −22.2% to −30.6%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: USMV vs XLP: Differences, Returns & Fees
Measure	USMV	XLP	Edge	How it is measured
Return
Total return	+423.5%	+318.8%	USMV	Price change plus distributions, reinvested.
Annualized	+11.6%	+10.0%	USMV	Total return as a yearly rate.
Price return	+295.7%	+180.1%	USMV	Price change alone, distributions left out.
Risk
Volatility	13.4%	13.2%	Tie	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	9.3%	9.3%	Tie	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−30.6%	−22.2%	XLP	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.76	0.66	USMV	Return above Treasury bills per unit of volatility.
Sortino	1.09	0.93	USMV	Return above Treasury bills per unit of downside deviation.
Calmar	0.38	0.45	XLP	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

10%

By the books each fund has filed, USMV and XLP hold 10% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

10% in common

Positions both hold · largest shared weight first USMV XLP

COCA-COLA 1.28% 7.34%

PROCTER & GAMBLE 1.10% 7.69%

COLGATE-PALMOLIVE 0.89% 4.39%

MONSTER BEVERAGE 0.79% 3.88%

PEPSICO 0.79% 4.10%

WALMART 0.73% 11.05%

MONDELEZ INTERNATIONAL CLASS A 0.69% 4.19%

KROGER 0.63% 2.24%

KEURIG DR PEPPER INC 0.60% 2.83%

CHURCH AND DWIGHT INC 0.59% 1.49%

PHILIP MORRIS INTERNATIONAL 0.59% 6.56%

COSTCO WHOLESALE CORP 0.50% 9.14%

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 XLP

ALTRIA GROUP INC 4.54%

TARGET CORP 3.94%

SYSCO CORP 2.35%

ARCHER DANIELS MIDLAND CO 2.25%

KENVUE INC 2.23%

KIMBERLY CLARK CORP 2.17%

DOLLAR GENERAL CORP 1.67%

ESTEE LAUDER COMPANIES CL A 1.60%

Check overlap with more funds →

Side by side

USMV iShares MSCI USA Min Vol Factor ETF XLP State Street Consumer Staples Select Sector SPDR ETF

Where it sits Stock ETF Stock ETF

Issuer iShares State Street

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

Total return, 1 year +10.8% +13.8%

Expense ratio 0.15% 0.08%

Already in the S&P 500 93.0% 99.6%

Holdings 176 36

Net assets, as of Oct 27, 2026 $24.1bn $14.6bn

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

Client brief · page 1 of 2 Report BR-E247FF6875

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

What each follows. USMV follows MSCI USA Minimum Volatility (USD) Index and XLP follows Consumer Staples Select Sector Index.
Holdings in common. 10% 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 XLP +13.8% with distributions reinvested, a gap of 3.0 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.

Your saved page · Privacy.

Alert

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%.

XLP

XLP tracks an index of Consumer staples. Over the year to Oct 28, 2026 it returned +13.8% with distributions reinvested. 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 36 positions, with the top ten at 62.9%. It sat 3.5% below its high of Oct 22, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, USMV or XLP?: In the year to Oct 28, 2026, with distributions reinvested, USMV returned +10.8% and XLP +13.8%.
Which is cheaper, USMV or XLP?: XLP 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.
How much do USMV and XLP overlap with the S&P 500?: By their latest filed holdings, 93% of USMV and 100% of XLP by weight is stocks the S&P 500 already holds.

Other comparisons

USMV vs VDC USMV vs XLB USMV vs VPU USMV vs XHB XLG vs XLP GRNY vs XLP CGGR vs XLP DFUS vs XLP

Where to next

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

Sources and dates

USMV filings on SEC EDGAR ↗

USMV prospectus with the expense ratio (SEC) ↗

iShares page for USMV ↗

XLP filings on SEC EDGAR ↗

XLP prospectus with the expense ratio (SEC) ↗

State Street website ↗

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

Open data →

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