USMV — iShares MSCI USA Min Vol Factor ETF
US Quality / Factor Ranked #168 of 458 tracked ETFs · Issued by iShares
USMV Price Performance — Growth of $10,000
Value of a $10,000 investment in USMV over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.
USMV Drawdown
The "underwater" chart: USMV's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.
What If You'd Invested in USMV?
See what a lump sum in USMV would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The iShares MSCI USA Min Vol Factor ETF (USMV) is a US Quality / Factor fund issued by iShares, managing $23.2 billion in assets. It holds a C grade with an overall rank of #168 out of 458 tracked ETFs, placing it 12th among its 16 category peers. The fund’s 0.15% expense ratio aligns with the category median, while its 1.42% dividend yield exceeds the peer average of 1.23%. Concentration is low, with the top 10 holdings representing only 15.1% of assets, led by a 1.6% position in Microsoft Corporation.
Price action shows the fund trading at $99.49, which sits at 75.7% of its 52-week range. Short-term momentum has been mixed, with a 1.42% yield contrasting against a recent 1D decline of 0.28% and a 1W gain of 2.10%. Over the longer term, the 1-year return of 6.18% trails the category median of 17.20%, though the 3-year return stands at 43.51%. The ETFValuer grade has remained unchanged at C for the last 35 tracked days, and price history is available for 3.0 years.
Risk metrics indicate a defensive profile, with a beta of 0.48 suggesting the fund moves less than the broader market. Annualized volatility is labeled Low at 8.68%, and the maximum drawdown has been limited to -9.36%. The Sharpe ratio of 0.14 reflects modest risk-adjusted returns relative to the volatility experienced. Liquidity is supported by an average daily volume of 1,890,582 shares, facilitating standard trading activity.
AI-generated summary based on the data on this page.
USMV Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | MICROSOFT CORPORATION | 1.62% | $383M |
| 2 | AMPHENOL CORPORATION | 1.58% | $373M |
| 3 | WELLTOWER INC. | 1.57% | $370M |
| 4 | Chubb Limited | 1.54% | $364M |
| 5 | JOHNSON & JOHNSON | 1.54% | $363M |
| 6 | BERKSHIRE HATHAWAY INC. | 1.47% | $348M |
| 7 | CISCO SYSTEMS, INC. | 1.46% | $346M |
| 8 | VERTEX PHARMACEUTICALS INCORPORATED | 1.46% | $345M |
| 9 | DUKE ENERGY CORPORATION | 1.45% | $341M |
| 10 | THE SOUTHERN COMPANY | 1.44% | $340M |
Holdings as of 2026-07-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 15.1% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how USMV's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With USMV
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with USMV's top 10 — ACWV overlaps most, holding 6 of the same companies as USMV's top 10 (9.0% of USMV's assets).
| ETF | Name | Shared Companies | USMV Weight | Examples |
|---|---|---|---|---|
| ACWV | iShares MSCI Global Min Vol Factor ETF | 6 | 9.0% | CISCO SYSTEMS, INC., JOHNSON & JOHNSON, MICROSOFT CORPORATION… |
| IWD | iShares Russell 1000 Value ETF | 4 | 6.1% | MICROSOFT CORPORATION, BERKSHIRE HATHAWAY INC., JOHNSON & JOHNSON… |
| IWX | iShares Russell Top 200 Value ETF | 4 | 6.1% | MICROSOFT CORPORATION, BERKSHIRE HATHAWAY INC., JOHNSON & JOHNSON… |
| VTV | Vanguard Morningstar Value ETF | 3 | 4.5% | BERKSHIRE HATHAWAY INC., JOHNSON & JOHNSON, CISCO SYSTEMS, INC. |
| SCHV | Schwab U.S. Large-Cap Value ETF | 3 | 4.5% | BERKSHIRE HATHAWAY INC., JOHNSON & JOHNSON, CISCO SYSTEMS, INC. |
Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.
Market Backdrop
10-Year Treasury Yield: 5.27% (as of 2026-10-06) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.
CBOE Volatility Index (VIX): 15.01 (as of 2026-10-06) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.
Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What USMV's Fees Cost You
USMV charges an expense ratio of 0.15% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
USMV Dividend Income Estimator
USMV currently yields 1.42%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
USMV Liquidity, Domicile & Tax Treatment
Liquidity: Average daily volume is 1.9M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $23.2B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: USMV is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.
USMV Performance History
| Period | Return |
|---|---|
| 1-Day | -0.28% |
| 1-Week | +2.10% |
| 1-Month | -0.10% |
| 3-Month | +2.27% |
| 6-Month | +6.38% |
| YTD | +7.36% |
| 1-Year | +6.18% |
| 3-Year | +43.51% |
How USMV Compares to Other US Quality / Factor ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #9 | B+ |
VLUE | iShares MSCI USA Value Factor ETF | +61.04% | 0.15% | $9.37B |
| #21 | B+ |
DYNF | iShares U.S. Equity Factor Rotation Active ETF | +19.44% | 0.26% | $41.8B |
| #33 | B+ |
SPMO | Invesco S&P 500 Momentum ETF | +28.14% | 0.13% | $23.0B |
| #60 | B |
MTUM | iShares MSCI USA Momentum Factor ETF | +27.69% | 0.15% | $20.4B |
| #63 | B |
QUAL | iShares MSCI USA Quality Factor ETF | +15.83% | 0.15% | $47.7B |
| #86 | B |
SPHQ | Invesco S&P 500 Quality ETF | +16.41% | 0.15% | $18.6B |
| #118 | B |
EEMV | iShares MSCI Emerging Markets Min Vol Factor ETF | +19.06% | 0.25% | $3.58B |
| #120 | B |
LRGF | iShares U.S. Equity Factor ETF | +15.82% | 0.08% | $3.67B |
| #132 | B |
COWZ | Pacer US Cash Cows 100 ETF | +19.42% | 0.49% | $18.6B |
| #139 | B |
VFVA | Vanguard U.S. Value Factor ETF Shares | +20.49% | 0.13% | $897M |
| #152 | B |
EFAV | iShares MSCI EAFE Min Vol Factor ETF | +9.94% | 0.2% | $5.28B |
| #168 | C |
USMV | iShares MSCI USA Min Vol Factor ETF | +6.18% | 0.15% | $23.2B |
| #190 | C |
VFMO | Vanguard U.S. Momentum Factor ETF ETF Shares | +18.00% | 0.13% | $1.91B |
| #212 | C |
VFQY | Vanguard U.S. Quality Factor ETF Shares | +14.72% | 0.13% | $493M |
| #213 | C |
ACWV | iShares MSCI Global Min Vol Factor ETF | +5.61% | 0.2% | $3.28B |
| #285 | C |
SPLV | Invesco S&P 500 Low Volatility ETF | -0.04% | 0.25% | $6.92B |