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

Weighted by ISIN/CUSIP
37.8 %

59 positions appear in both funds. Buying equal dollars of SPLV and USMV would leave roughly 37.8% of each dollar exposed to the same underlying securities.

SPLV only 62.4% Shared 37.8% USMV only 61.9%
In SPLV only
41 positions
Shared
59 positions
In USMV only
111 positions

Side by side

SPLV

Invesco S&P 500 Low Volatility ETF

Invesco · Low Volatility Factor

84 composite / 100
Expense ratio
0.25%
Net assets
$7.06B
TTM yield
2.13%
Top-10 conc.
13.7%
USMV

iShares MSCI USA Min Vol Factor ETF

iShares · Low Volatility Factor

90 composite / 100
Expense ratio
0.15%
Net assets
$23.01B
TTM yield
1.50%
Top-10 conc.
15.6%

Sub-score comparison

75
Cost
85
84
Tax efficiency
85
93
Liquidity
100
95
Concentration
92
Tracking quality
SPLV sub-score USMV

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

59 shared in total
# Holding In SPLV In USMV Overlap
1 Southern Co. (The) 1.31% 1.53% 1.31%
2 Duke Energy Corp. 1.27% 1.55% 1.27%
3 Coca-Cola Co. (The) 1.17% 1.19% 1.17%
4 TJX Cos., Inc. (The) 1.18% 1.15% 1.15%
5 McDonald's Corp. 1.14% 1.24% 1.14%
6 Procter & Gamble Co. (The) 1.11% 1.10% 1.10%
7 Berkshire Hathaway Inc. 1.10% 1.41% 1.10%
8 Republic Services, Inc. 1.09% 1.26% 1.09%
9 Johnson & Johnson 1.08% 1.43% 1.08%
10 Waste Management, Inc. 1.07% 1.47% 1.07%
11 Consolidated Edison, Inc. 1.06% 1.34% 1.06%
12 Chubb Ltd. 1.05% 1.49% 1.05%

Only in SPLV

41 total
  • CenterPoint Energy, Inc. 1.30%
  • Evergy, Inc. 1.29%
  • Pinnacle West Capital Corp. 1.26%
  • Exelon Corp. 1.24%
  • VICI Properties Inc. 1.18%
  • FirstEnergy Corp. 1.09%
  • Regency Centers Corp. 1.08%
  • NiSource Inc. 1.07%
  • Public Service Enterprise Group Inc. 1.03%
  • Entergy Corp. 1.02%

Only in USMV

111 total
  • CISCO SYSTEMS, INC. 1.80%
  • NVIDIA CORPORATION 1.63%
  • EXXON MOBIL CORPORATION 1.60%
  • MICROSOFT CORPORATION 1.56%
  • AMPHENOL CORPORATION 1.50%
  • VERIZON COMMUNICATIONS INC. 1.49%
  • VERTEX PHARMACEUTICALS INCORPORATED 1.36%
  • WASTE CONNECTIONS, INC. 1.28%
  • NEWMONT CORPORATION 1.18%
  • MERCK & CO., INC. 1.17%

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.