Get the weekly note
ETFIQetfiq.com · independent ETF data

USMV · iShares MSCI USA Min Vol Factor ETF

USMV tracks the MSCI USA Min Vol Factor and returned +6.6% over the past year.

Index equity fund · MSCI USA Min Vol Factor · data as of

Key facts

+6.6%Total return, 1 year
0.15%Expense ratio
175Holdings
−2.3%Below its high

Its ten largest equity positions

USMV top ten by weight, 15.1% of its 175 equity positions, from the holdings published by its issuer for Sep 10, 2026. An index fund holds what the index holds, so this is the index. Source: the issuer’s own daily file.
HoldingTickerWeight
AMPHENOL CORP CLASS AAPH1.58%
MICROSOFTMSFT1.56%
NVIDIANVDA1.54%
WELLTOWERWELL1.53%
JOHNSON & JOHNSONJNJ1.49%
VERIZON COMMUNICATIONS INCVZ1.49%
CHUBBCB1.49%
EXXONMOBIL HOLDINGS CORPXOM1.48%
MOTOROLA SOLUTIONS INCMSI1.48%
BERKSHIRE HATHAWAY INC CLASS Bnot filed1.46%

Compare USMV

Also against BINC, BITO, BND, BNDX, BOND, BOXX, BSV, BWET, CGBL, CGDV, CGGR, COWZ, CTA, DBMF, DFUS, DGRO, DGRW, DIA, DVY, DYNF, EDV, EEM, EFA, EMB, EMXC, EWJ, EWT, EWY, EWZ, EZU, FBCG, FDVV, FENI, FLKR, FNDX, FTEC, FXI, GARP, GLD, GLDM, GOVT, GRNY, HDV, HGER, HYG, HYMB, IALT, IAU, IBB, IDEV, IEF, IEFA, IEI, IEMG, IGIB, IGM, IGSB, IJH, IJR, IJS, IJT, ILF, INDA, ITOT, IUSB, IVV, IWB, IWC, IWD, IWF, IWM, IWO, IXUS, IYE, IYR, IYW, JAAA, JNK, KRE, LQD, MAGS, MBB, MDY, MGK, MINT, MOAT, MTUM, MUB, NOBL, ONEQ, PDBC, PFF, PULS, PVAL, QQQ, QQQM, QUAL, RDVY, RSP, SCHB, SCHD, SCHF, SCHG, SCHH, SCHP, SCHX, SDY, SGOV, SHV, SHY, SIVR, SLV, SPHD, SPHQ, SPMO, SPSB, SPY, SPYD, SPYG, SPYM, TIP, TLT, URTH, USFR, USHY, USO, VB, VBIL, VBK, VBR, VCIT, VCLT, VCSH, VDC, VDE, VEA, VEU, VGIT, VGK, VGLT, VGSH, VGT, VHT, VIG, VLUE, VNQ, VO, VOE, VONG, VOO, VOOG, VOX, VPL, VPU, VT, VTEB, VTI, VTIP, VTV, VTWO, VUG, VUSB, VWO, VXF, VXUS, VYM, VYMI, XBI, XHB, XLB, XLC, XLE, XLF, XLG, XLI, XLK, XLP, XLRE, XLU, XLV, XLY, XOP, XOVR, XRT.

Period by period

USMV over each window to Sep 11, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowTotal returnS&P 500Gap to S&P 500Gap to Nasdaq-100
3 months+4.0%+3.3%+0.7 pts+4.8 pts
6 months+5.5%+16.0%−10.5 pts−15.2 pts
1 year+6.6%+17.5%−10.9 pts−16.4 pts
3 years+40.2%+77.9%−37.7 pts−54.9 pts
Since listing+418.0%+714.4%−296.4 pts−918.6 pts

In plain words

USMV is an index equity fund tracking the MSCI USA Min Vol Factor. Over the year to Sep 11, 2026 it returned +6.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Sep 10, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 175 positions, with the top ten at 15.1%.

What it tracksMSCI USA Min Vol Factor
Fund typeIndex equity fund
Expense ratio (485BPOS XBRL, Nov 21, 2025)0.15%
Price$99.61
Listed sinceOct 20, 2011
Net assets (the issuer own daily fund list, as of Sep 11, 2026)$23.9bn
Below its high (ETFIQ)−2.3%
Holdings175
Top ten weight15.1%
Holdings as of (SEC N-PORT)Sep 10, 2026
Already in the S&P 500, by weight (ETFIQ)94.8%
Active share vs the S&P 500 (ETFIQ)67.3%
Already in the Nasdaq-100, by weight (ETFIQ)28.6%

Questions people ask

How has USMV performed?
Over the year to Sep 11, 2026, USMV returned +6.6% with distributions reinvested, against +17.5% for the S&P 500. Over three years the figure is +40.2%.
What does USMV cost?
The prospectus expense ratio is 0.15% a year.
What does USMV hold?
175 positions as filed for Sep 10, 2026, with the top ten at 15.1% of the fund. 95% of its weight is in stocks the S&P 500 also holds.
How far is USMV below its high?
2.3% below its high of Aug 27, 2026, measured on the reinvested series to Sep 11, 2026.

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

Funds near this one

Where USMV is written about

USMV, core index fund, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.

Cite this page. ETFIQ, USMV, core index fund, data as of Sep 11, 2026. https://etfiq.com/funds/usmv Free to use with attribution; the underlying files are at Open data.

ETFIQ covers leveraged and inverse, thematic, buffer, option-income, core index and spot crypto ETFs. This fund is here because the other funds here are measured against it and portfolios hold it. ETFIQ is an independent publisher and makes no recommendations. Standards and sources