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

In the year to Nov 4, 2026, with distributions reinvested, USMV returned +14.2% and XLSR +9.5%.

Which is cheaper, USMV or XLSR?

USMV is cheaper, by 0.55 percentage points a year. That is about $55 on $10,000 held for a year. Fees come from each fund's prospectus.

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

By their latest filed holdings, 93% of USMV and 34% of XLSR by weight is stocks the S&P 500 already holds.

Data as of Nov 4, 2026.

Across categories

USMV vs XLSR: Differences, Returns & Fees

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Over the year to Nov 4, 2026, USMV returned +14.2% to XLSR's +9.5%; 6% of their weight is in the same names.

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Net assets: $24.5bn on Nov 4, 2026 for iShares MSCI USA Min Vol Factor ETF, and $1.1bn on Nov 3, 2026 for State Street US Sector Rotation ETF.

USMV on its own →XLSR on its own →

At a glance

+14.2%

USMV total return, 1 year

+9.5%

XLSR total return, 1 year

0.15%

USMV expense ratio

0.70%

XLSR expense ratio

Pair scorecard

USMV costs 0.55 points a year less; their one-year returns differ by 4.7 points; USMV is far larger, $24.1bn against $1.1bn.

USMV vs XLSR: Differences, Returns & Fees
Measure	USMV	XLSR
Return
Measure	USMV	XLSR
Total return, 1 year	+14.2%	+9.5%
Benchmark
Measure	USMV	XLSR
What it tracks	MSCI USA Minimum Volatility (USD) Index	No index, actively managed
Cost and size
Measure	USMV	XLSR
Expense ratio	0.15%	0.70%
Net assets, as of Nov 3, 2026	$24.1bn	$1.1bn
Holdings
Measure	USMV	XLSR
Holdings in common	6%
Top ten holdings, share of the fund	15.1%	90.9%

Method

What they share

By the books each fund has filed, USMV and XLSR hold 6% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

6% in common

Positions both hold · largest shared weight first USMV XLSR

MICROSOFT 1.58% 2.79%

NVIDIA 1.40% 3.84%

APPLE 0.92% 3.71%

BROADCOM INC 0.83% 1.17%

MICRON TECHNOLOGY 0.64% 0.45%

ALPHABET CLASS C 0.30% 2.85%

NETFLIX 0.15% 0.30%

AMAZON.COM INC 0.13% 1.81%

VERIZON COMMUNICATIONS INC 1.30% 0.12%

META PLATFORMS CLASS A 0.08% 2.37%

ADVANCED MICRO DEVICES 0.67% 0.03%

AT&T 0.75% 0.02%

Only in one fund ↓

Only in USMV

AMPHENOL CORP CLASS A 1.59%

CHUBB 1.55%

BERKSHIRE HATHAWAY INC CLASS B 1.54%

EXXONMOBIL HOLDINGS CORP 1.53%

WELLTOWER 1.51%

MOTOROLA SOLUTIONS INC 1.50%

MCKESSON CORP 1.48%

JOHNSON & JOHNSON 1.43%

Only in XLSR

STATE STREET TECHNOLOGY SELECT 26.80%

STATE STREET HEALTH CARE SELEC 24.28%

STATE STREET FINANCIAL SELECT 11.54%

STATE STREET CONSUMER DISCRETI 6.50%

STATE STREET COMMUNICATION SER 4.97%

ALPHABET INC CL A 3.62%

STATE STREET INDUSTRIAL SELECT 1.38%

STATE STREET ENERGY SELECT SEC 1.16%

Check overlap with more funds →

Side by side

USMV iShares MSCI USA Min Vol Factor ETF XLSR State Street US Sector Rotation ETF

Where it sits Stock ETF Stock ETF

Issuer iShares State Street

What it is Tracks the MSCI USA Min Vol Factor Actively managed

Total return, 1 year +14.2% +9.5%

Its benchmark over the same days not measured +14.8% (VOO)

Gap to its benchmark not measured −5.3 pts vs VOO

Expense ratio 0.15% 0.70%

Already in the S&P 500 93.0% 34.4%

Holdings 176 21

Net assets, USMV as of Nov 4, 2026 and XLSR as of Nov 3, 2026 $24.5bn $1.1bn

USMV and XLSR on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.

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About each fund

USMV

USMV tracks the MSCI USA Min Vol Factor. Over the year to Nov 4, 2026 it returned +14.2% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Nov 3, 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%.

XLSR

XLSR is actively managed and tracks no index. Over the year to Nov 4, 2026 it returned +9.5% with distributions reinvested, against +14.8% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.70% a year. By its holdings published by its issuer for Nov 3, 2026, 34% of the fund by weight is stocks the S&P 500 also holds, across 21 positions, with the top ten at 90.9%.

Questions people ask

Which returned more over the last year, USMV or XLSR?: In the year to Nov 4, 2026, with distributions reinvested, USMV returned +14.2% and XLSR +9.5%.
Which is cheaper, USMV or XLSR?: USMV is cheaper, by 0.55 percentage points a year. That is about $55 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do USMV and XLSR overlap with the S&P 500?: By their latest filed holdings, 93% of USMV and 34% of XLSR by weight is stocks the S&P 500 already holds.

Other comparisons

USMV vs VOTE MODL vs USMV QLC vs USMV DSPY vs USMV CGDV vs XLSR GSLC vs XLSR DYNF vs XLSR RDVY vs XLSR

Where to next

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

Sources and dates

USMV filings on SEC EDGAR ↗

USMV prospectus with the expense ratio (SEC) ↗

iShares page for USMV ↗

XLSR filings on SEC EDGAR ↗

XLSR 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 XLSR, data as of Nov 4, 2026. https://etfiq.com/compare/any/usmv-vs-xlsr

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