ETF comparison
SPLG vs USMV
US Large Cap vs Low Volatility Factor.
SPDR Portfolio S&P 500 ETF · iShares MSCI USA Min Vol Factor ETF
Holdings overlap
154 positions appear in both funds. Buying equal dollars of SPLG and USMV would leave roughly 34.9% of each dollar exposed to the same underlying securities.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
SPLG is 13 bps cheaper than USMV. On a $100,000 position that's about $130/yr more in fees for USMV.
Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with SPLG vs USMV.
Top shared holdings
154 shared in total| # | Holding | In SPLG | In USMV | Overlap |
|---|---|---|---|---|
| 1 | NVIDIA Corp | 7.57% | 1.63% | 1.63% |
| 2 | Microsoft Corp | 4.91% | 1.56% | 1.56% |
| 3 | Berkshire Hathaway Inc | 1.57% | 1.41% | 1.41% |
| 4 | Exxon Mobil Corp | 1.27% | 1.60% | 1.27% |
| 5 | Johnson & Johnson | 1.05% | 1.43% | 1.05% |
| 6 | Visa Inc | 0.91% | 0.94% | 0.91% |
| 7 | Walmart Inc | 0.97% | 0.87% | 0.87% |
| 8 | Apple Inc | 6.66% | 0.82% | 0.82% |
| 9 | Mastercard Inc | 0.73% | 1.15% | 0.73% |
| 10 | Eli Lilly & Co | 1.30% | 0.66% | 0.66% |
| 11 | AbbVie Inc | 0.69% | 0.63% | 0.63% |
| 12 | Procter & Gamble Co/The | 0.60% | 1.10% | 0.60% |
Only in SPLG
351 total- Alphabet Inc 2.99%
- Tesla Inc 1.87%
- JPMorgan Chase & Co 1.42%
- Caterpillar Inc 0.59%
- Bank of America Corp 0.58%
- General Electric Co 0.53%
- Lam Research Corp 0.48%
- Goldman Sachs Group Inc/The 0.45%
- Wells Fargo & Co 0.44%
- Intel Corp 0.37%
Only in USMV
16 total- WASTE CONNECTIONS, INC. 1.28%
- LIBERTY MEDIA CORP - FORMULA ONE GROUP 0.56%
- SUN COMMUNITIES, INC. 0.54%
- MercadoLibre, Inc. 0.34%
- FIRST CITIZENS BANCSHARES, INC. 0.32%
- ALNYLAM PHARMACEUTICALS, INC. 0.31%
- NEUROCRINE BIOSCIENCES, INC. 0.31%
- MARVELL TECHNOLOGY, INC. 0.26%
- ZOOM COMMUNICATIONS, INC. 0.25%
- SNOWFLAKE INC. 0.24%
Open SPLG or USMV at a brokerage
Both funds trade commission-free at major US brokerages.
Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.
Holdings overlap is the sum of min(weight_a, weight_b) over positions
matched on ISIN (CUSIP fallback). Methodology: see
/methodology/.
Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.