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

In the year to Oct 28, 2026, with distributions reinvested, USMV returned +10.8% and XOP +62.5%.

Which is cheaper, USMV or XOP?

USMV is cheaper, by 0.20 percentage points a year. That is about $20 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

USMV vs XOP: Differences, Returns & Fees

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Over the year to Oct 28, 2026, USMV returned +10.8% to XOP's +62.5%; 4% of their weight is in the same names.

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Net assets on Oct 27, 2026: $24.1bn for iShares MSCI USA Min Vol Factor ETF and $4.6bn for State Street SPDR S&P Oil & Gas Exploration & Production ETF.

USMV on its own →XOP on its own →

At a glance

+10.8%

USMV total return, 1 year

+62.5%

XOP total return, 1 year

0.15%

USMV expense ratio

0.35%

XOP expense ratio

Pair scorecard

USMV costs 0.20 points a year less; their one-year returns differ by 51.7 points; USMV is 5.2 times larger.

USMV vs XOP: Differences, Returns & Fees
Measure	USMV	XOP
Return
Measure	USMV	XOP
Total return, 1 year	+10.8%	+62.5%
Drawdown
Measure	USMV	XOP
Below its high		24.8%, high on Jun 23, 2014
Benchmark
Measure	USMV	XOP
What it tracks	MSCI USA Minimum Volatility (USD) Index	S&P Oil & Gas Exploration & Production Select Industry Index
Cost and size
Measure	USMV	XOP
Expense ratio	0.15%	0.35%
Net assets, as of Oct 27, 2026	$24.1bn	$4.6bn
Holdings
Measure	USMV	XOP
Holdings in common	4%
In the S&P 500, by weight	93%
Top ten holdings, share of the fund	14.8%

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

What they share

By the books each fund has filed, USMV and XOP hold 4% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

4% in common

Positions both hold · largest shared weight first USMV XOP

EXXONMOBIL HOLDINGS CORP 1.54% 2.82%

CONOCOPHILLIPS 0.66% 2.79%

CHEVRON 0.64% 2.75%

EXPAND ENERGY 0.24% 2.52%

EOG RESOURCES 0.19% 2.82%

MARATHON PETROLEUM 0.13% 2.81%

PHILLIPS 66 0.12% 2.65%

Only in one fund ↓

Only in USMV

MICROSOFT 1.61%

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%

MCKESSON CORP 1.43%

Only in XOP

RANGE RESOURCES CORP 3.48%

APA CORP 2.92%

MURPHY OIL CORP 2.89%

OVINTIV INC 2.85%

PERMIAN RESOURCES CORP CL A 2.78%

ANTERO RESOURCES CORP 2.77%

HF SINCLAIR CORP 2.72%

DEVON ENERGY CORP 2.69%

Check overlap with more funds →

Side by side

USMV iShares MSCI USA Min Vol Factor ETF XOP State Street SPDR S&P Oil & Gas Exploration & Production ETF

Where it sits Stock ETF Stock ETF

Issuer iShares State Street

What it is Tracks the MSCI USA Min Vol Factor Tracks the S&P Oil & Gas Exploration & Production

Total return, 1 year +10.8% +62.5%

Expense ratio 0.15% 0.35%

Holdings 176 52

Net assets, as of Oct 27, 2026 $24.1bn $4.6bn

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

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%.

XOP

XOP tracks the S&P Oil & Gas Exploration & Production. Over the year to Oct 28, 2026 it returned +62.5% with distributions reinvested. The prospectus expense ratio is 0.35% a year. It sat 24.8% below its high of Jun 23, 2014 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, USMV or XOP?: In the year to Oct 28, 2026, with distributions reinvested, USMV returned +10.8% and XOP +62.5%.
Which is cheaper, USMV or XOP?: USMV is cheaper, by 0.20 percentage points a year. That is about $20 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

USMV vs VDE IYE vs USMV USMV vs XLE KRE vs USMV GRNY vs XOP CGGR vs XOP DFUS vs XOP MTUM vs XOP

Where to next

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

Sources and dates

USMV filings on SEC EDGAR ↗

USMV prospectus with the expense ratio (SEC) ↗

iShares page for USMV ↗

XOP filings on SEC EDGAR ↗

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

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