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ETF comparison

USMV vs VOO

Low Volatility Factor vs US Large Cap.

iShares MSCI USA Min Vol Factor ETF · Vanguard S&P 500 ETF

Holdings overlap

Weighted by ISIN/CUSIP
34.9 %

154 positions appear in both funds. Buying equal dollars of USMV and VOO would leave roughly 34.9% of each dollar exposed to the same underlying securities.

USMV only 64.8% Shared 34.9% VOO only 64.9%
In USMV only
16 positions
Shared
154 positions
In VOO only
349 positions

Side by side

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%
VOO

Vanguard S&P 500 ETF

Vanguard · US Large Cap

91 composite / 100
Expense ratio
0.030%
Net assets
$1.67T
TTM yield
1.06%
Top-10 conc.
36.5%

Sub-score comparison

85
Cost
97
85
Tax efficiency
88
100
Liquidity
100
92
Concentration
62
—
Tracking quality
—
USMV sub-score VOO

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

VOO is 12 bps cheaper than USMV. On a $100,000 position that's about $120/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 USMV vs VOO.

Top shared holdings

154 shared in total
# Holding In USMV In VOO Overlap
1 NVIDIA CORPORATION 1.63% 7.58% 1.63%
2 MICROSOFT CORPORATION 1.56% 4.91% 1.56%
3 BERKSHIRE HATHAWAY INC. 1.41% 1.57% 1.41%
4 EXXON MOBIL CORPORATION 1.60% 1.27% 1.27%
5 JOHNSON & JOHNSON 1.43% 1.05% 1.05%
6 VISA INC. 0.94% 0.89% 0.89%
7 WALMART INC. 0.87% 0.97% 0.87%
8 APPLE INC. 0.82% 6.66% 0.82%
9 MASTERCARD INCORPORATED 1.15% 0.73% 0.73%
10 ELI LILLY AND COMPANY 0.66% 1.30% 0.66%
11 ABBVIE INC. 0.63% 0.69% 0.63%
12 THE PROCTER & GAMBLE COMPANY 1.10% 0.60% 0.60%

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%

Only in VOO

349 total
  • Alphabet Inc 2.99%
  • Tesla Inc 1.87%
  • JPMorgan Chase & Co 1.34%
  • Caterpillar Inc 0.59%
  • Bank of America Corp 0.56%
  • General Electric Co 0.53%
  • Lam Research Corp 0.48%
  • Wells Fargo & Co 0.44%
  • Goldman Sachs Group Inc/The 0.43%
  • Intel Corp 0.37%

Open USMV or VOO at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

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.