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

In the year to Oct 28, 2026, with distributions reinvested, USMV returned +10.8% and XOVR −3.0%.

Which is cheaper, USMV or XOVR?

USMV is cheaper, by 1.66 percentage points a year. That is about $166 on $10,000 held for a year. Fees come from each fund's prospectus.

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

By their latest filed holdings, 93% of USMV and 43% of XOVR by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

USMV vs XOVR: Differences, Returns & Fees

Share on X Download as PDF

Over the year to Oct 28, 2026, USMV returned +10.8% to XOVR's −3.0%; 4% of their weight is in the same names.

askIQ about this page

askIQ about USMV and XOVR

Net assets: $24.1bn on Oct 27, 2026 for iShares MSCI USA Min Vol Factor ETF, and $2.2bn on Jun 30, 2026 for ERShares Private-Public Crossover ETF.

USMV on its own →XOVR on its own →

At a glance

+10.8%

USMV total return, 1 year

−3.0%

XOVR total return, 1 year

0.15%

USMV expense ratio

1.81%

XOVR expense ratio

Pair scorecard

USMV costs 1.66 points a year less; their one-year returns differ by 13.8 points.

USMV vs XOVR: Differences, Returns & Fees
Measure	USMV	XOVR
Return
Measure	USMV	XOVR
Total return, 1 year	+10.8%	−3.0%
Drawdown
Measure	USMV	XOVR
Below its high		6.5%, high on Oct 5, 2026
Benchmark
Measure	USMV	XOVR
What it tracks	MSCI USA Minimum Volatility (USD) Index	No index, actively managed
Cost and size
Measure	USMV	XOVR
Expense ratio	0.15%	1.81%
Net assets, USMV as of Oct 27, 2026 and XOVR as of Jun 30, 2026	$24.1bn	$2.2bn
Holdings
Measure	USMV	XOVR
Holdings in common	4%
Top ten holdings, share of the fund	14.8%	63.1%

Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method

What they share

By the books each fund has filed, USMV and XOVR hold 4% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.

50%

0 half 100%

half

4% in common

Positions both hold · largest shared weight first USMV XOVR

NVIDIA 1.47% 9.47%

PALANTIR TECHNOLOGIES CLASS A 1.08% 0.56%

ARISTA NETWORKS 0.52% 2.31%

ALPHABET CLASS C 0.35% 6.52%

MONOLITHIC POWER SYSTEMS INC 0.22% 1.77%

DOORDASH CLASS A 0.19% 2.04%

APPLOVIN CLASS A 0.16% 3.95%

ASTERA LABS 0.14% 7.75%

META PLATFORMS CLASS A 0.08% 4.47%

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%

JOHNSON & JOHNSON 1.44%

MCKESSON CORP 1.43%

Only in XOVR

N/A 17.73%

Natera Inc 3.70%

Robinhood Markets Inc 3.55%

Veeva Systems Inc 3.17%

Reddit Inc 2.78%

Affirm Holdings Inc 2.64%

Axon Enterprise Inc 2.60%

Rocket Lab Corp 2.50%

Check overlap with more funds →

Side by side

USMV iShares MSCI USA Min Vol Factor ETF XOVR ERShares Private-Public Crossover ETF

Where it sits Stock ETF Stock ETF

Issuer iShares ERShares

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

Total return, 1 year +10.8% −3.0%

Expense ratio 0.15% 1.81%

Already in the S&P 500 93.0% 43.4%

Holdings 176 32

Net assets, USMV as of Oct 27, 2026 and XOVR as of Jun 30, 2026 $24.1bn $2.2bn

USMV and XOVR 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%.

XOVR

XOVR is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −3.0% with distributions reinvested. The prospectus expense ratio is 1.81% a year. By its holdings filed for Jun 30, 2026, 43% of the fund by weight is stocks the S&P 500 also holds, across 32 positions, with the top ten at 63.1%. It sat 6.5% below its high of Oct 5, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, USMV or XOVR?: In the year to Oct 28, 2026, with distributions reinvested, USMV returned +10.8% and XOVR −3.0%.
Which is cheaper, USMV or XOVR?: USMV is cheaper, by 1.66 percentage points a year. That is about $166 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do USMV and XOVR overlap with the S&P 500?: By their latest filed holdings, 93% of USMV and 43% of XOVR by weight is stocks the S&P 500 already holds.

Other comparisons

GARP vs USMV USMV vs VUG MAGS vs USMV FBCG vs USMV DGRW vs XOVR AVUS vs XOVR DYNF vs XOVR XLG vs XOVR

Where to next

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

Sources and dates

USMV filings on SEC EDGAR ↗

USMV prospectus with the expense ratio (SEC) ↗

iShares page for USMV ↗

XOVR filings on SEC EDGAR ↗

XOVR prospectus with the expense ratio (SEC) ↗

ERShares 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 XOVR, data as of Oct 28, 2026. https://etfiq.com/compare/any/usmv-vs-xovr

Open data →

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