ETF comparison
SPLV vs USMV
Both Low Volatility Factor.
Invesco S&P 500 Low Volatility ETF · iShares MSCI USA Min Vol Factor ETF
Holdings overlap
49 positions appear in both funds. Buying equal dollars of SPLV and USMV would leave roughly 33.0% of each dollar exposed to the same underlying securities.
Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
USMV is 10 bps cheaper than SPLV. On a $100,000 position that's about $100/yr more in fees for SPLV.
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 SPLV vs USMV.
Top shared holdings
49 shared in total| # | Holding | In SPLV | In USMV | Overlap |
|---|---|---|---|---|
| 1 | Berkshire Hathaway Inc. | 1.28% | 1.47% | 1.28% |
| 2 | Duke Energy Corp. | 1.25% | 1.45% | 1.25% |
| 3 | Coca-Cola Co. (The) | 1.18% | 1.28% | 1.18% |
| 4 | Southern Co. (The) | 1.16% | 1.44% | 1.16% |
| 5 | Johnson & Johnson | 1.15% | 1.54% | 1.15% |
| 6 | TJX Cos., Inc. (The) | 1.13% | 1.11% | 1.11% |
| 7 | McDonald's Corp. | 1.16% | 1.10% | 1.10% |
| 8 | Republic Services, Inc. | 1.09% | 1.22% | 1.09% |
| 9 | Consolidated Edison, Inc. | 1.08% | 1.23% | 1.08% |
| 10 | Chubb Ltd. | 1.06% | 1.54% | 1.06% |
| 11 | Procter & Gamble Co. (The) | 1.07% | 1.04% | 1.04% |
| 12 | Waste Management, Inc. | 1.00% | 1.38% | 1.00% |
Only in SPLV
52 total- FirstEnergy Corp. 1.34%
- Alliant Energy Corp. 1.23%
- CenterPoint Energy, Inc. 1.23%
- DTE Energy Co. 1.22%
- Evergy, Inc. 1.22%
- Pinnacle West Capital Corp. 1.19%
- Regency Centers Corp. 1.18%
- VICI Properties Inc. 1.18%
- Aflac Inc. 1.10%
- Federal Realty Investment Trust 1.09%
Only in USMV
116 total- MICROSOFT CORPORATION 1.62%
- AMPHENOL CORPORATION 1.58%
- CISCO SYSTEMS, INC. 1.46%
- VERTEX PHARMACEUTICALS INCORPORATED 1.46%
- VERIZON COMMUNICATIONS INC. 1.40%
- EXXONMOBIL HOLDINGS CORPORATION 1.39%
- MERCK & CO., INC. 1.35%
- NVIDIA CORPORATION 1.32%
- MCKESSON CORPORATION 1.32%
- WASTE CONNECTIONS, INC. 1.25%
Related comparisons
More comparisons with SPLV
- SPLV vs DGRO · iShares Core Dividend Growth ETF 25.1%
- SPLV vs ACWV · iShares MSCI Global Min Vol Factor ETF 24.6%
- SPLV vs VTV · Vanguard Morningstar Value ETF 23.3%
- SPLV vs VIG · Vanguard Dividend Appreciation Index Fund ETF Shares 22.2%
- SPLV vs IWD · iShares Russell 1000 Value ETF 22.0%
- SPLV vs VYM · Vanguard High Dividend Yield Index Fund ETF Shares 21.0%
More comparisons with USMV
- USMV vs VTI · Vanguard Morningstar Total Stock Market ETF 32.2%
- USMV vs ITOT · iShares Core S&P Total U.S. Stock Market ETF 32.0%
- USMV vs SCHB · Schwab U.S. Broad Market ETF 31.6%
- USMV vs VTV · Vanguard Morningstar Value ETF 31.1%
- USMV vs IWD · iShares Russell 1000 Value ETF 30.0%
- USMV vs VYM · Vanguard High Dividend Yield Index Fund ETF Shares 29.5%
Percentages are holdings overlap with the named fund.
Open SPLV 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.