USMV — iShares MSCI USA Min Vol Factor ETF
US Quality / Factor Ranked #215 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 (Ticker: USMV) is a factor-based ETF that focuses on the US quality segment. Issued by iShares, it is one of the 16 ETFs tracked in its category. With an overall rank of #215 among the 458 ETFs tracked by ETFValuer, it holds a moderate position. The expense ratio of 0.15% and a dividend yield of 1.48% make it cost-effective and provide a modest income stream. The fund's price of $101.23 and assets under management (AUM) of $23.6B suggest strong investor adoption, indicating a significant level of interest and investment in the fund.
The iShares MSCI USA Min Vol Factor ETF has shown a consistent performance pattern across various time horizons. Over the past year, it has gained 8.67%, and over the past three years, it has seen a substantial increase of 42.62%. The short-term returns, such as the 1-day gain of +0.56% and the 1-week gain of +0.10%, indicate a relatively stable performance. However, the 1-month return of +5.33% and the 3-month return of +5.73% suggest a slight acceleration in performance. The 6-month and year-to-date returns of +6.00% and +8.88%, respectively, further support this trend. The 1-year return of +8.67% aligns with the 3-year performance, indicating a steady growth trajectory.
The iShares MSCI USA Min Vol Factor ETF is labeled as having low volatility, with a beta of 0.47, which suggests that it is less sensitive to market movements compared to the broader market. The Sharpe ratio of 0.43 indicates a moderate risk-adjusted return, meaning that the fund offers a reasonable return for the level of risk it takes. The maximum drawdown of -9.36% provides insight into the fund's potential downside risk, showing that it has experienced a significant decline in value but not as severe as some other funds. Overall, these figures imply that the fund is suitable for investors seeking a low-risk, stable investment with a focus on minimizing volatility while still providing a modest return.
AI-generated summary based on the data on this page.
USMV Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | CISCO SYSTEMS, INC. | 1.80% | $412M |
| 2 | NVIDIA CORPORATION | 1.63% | $374M |
| 3 | EXXON MOBIL CORPORATION | 1.60% | $366M |
| 4 | MICROSOFT CORPORATION | 1.56% | $356M |
| 5 | DUKE ENERGY CORPORATION | 1.55% | $354M |
| 6 | THE SOUTHERN COMPANY | 1.53% | $350M |
| 7 | AMPHENOL CORPORATION | 1.50% | $343M |
| 8 | Chubb Limited | 1.49% | $341M |
| 9 | VERIZON COMMUNICATIONS INC. | 1.49% | $340M |
| 10 | WASTE MANAGEMENT, INC. | 1.47% | $337M |
Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 15.6% 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 4 of the same companies as USMV's top 10 (6.4% of USMV's assets).
| ETF | Name | Shared Companies | USMV Weight | Examples |
|---|---|---|---|---|
| ACWV | iShares MSCI Global Min Vol Factor ETF | 4 | 6.4% | CISCO SYSTEMS, INC., DUKE ENERGY CORPORATION, MICROSOFT CORPORATION… |
| XLK | State Street Technology Select Sector SPDR ETF | 3 | 5.0% | NVIDIA CORPORATION, MICROSOFT CORPORATION, CISCO SYSTEMS, INC. |
| VGT | Vanguard Information Technology Index Fund ETF Shares | 3 | 5.0% | NVIDIA CORPORATION, MICROSOFT CORPORATION, CISCO SYSTEMS, INC. |
| CGDV | Capital Group Dividend Value ETF | 3 | 5.0% | MICROSOFT CORPORATION, NVIDIA CORPORATION, CISCO SYSTEMS, INC. |
| DYNF | iShares U.S. Equity Factor Rotation Active ETF | 3 | 5.0% | NVIDIA CORPORATION, MICROSOFT CORPORATION, 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: 4.69% (as of 2026-08-20) — 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): 16.01 (as of 2026-08-20) — 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: 3.63% (as of 2026-07-01) — 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 1.48%. 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: Quoted bid/ask spread is 0.01% and average daily volume is 2.2M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $23.6B 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 | +0.56% |
| 1-Week | +0.10% |
| 1-Month | +5.33% |
| 3-Month | +5.73% |
| 6-Month | +6.00% |
| YTD | +8.88% |
| 1-Year | +8.67% |
| 3-Year | +42.62% |
How USMV Compares to Other US Quality / Factor ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #7 | B+ |
VLUE | iShares MSCI USA Value Factor ETF | +76.40% | 0.15% | $9.07B |
| #53 | B |
DYNF | iShares U.S. Equity Factor Rotation Active ETF | +23.39% | 0.26% | $38.6B |
| #102 | B |
VFVA | Vanguard U.S. Value Factor ETF Shares | +33.42% | 0.13% | $912M |
| #103 | B |
QUAL | iShares MSCI USA Quality Factor ETF | +20.40% | 0.15% | $46.5B |
| #104 | B |
COWZ | Pacer US Cash Cows 100 ETF | +28.88% | 0.49% | $18.7B |
| #106 | B |
SPMO | Invesco S&P 500 Momentum ETF | +29.83% | 0.13% | $21.0B |
| #155 | B |
SPHQ | Invesco S&P 500 Quality ETF | +20.14% | 0.15% | $19.4B |
| #169 | B |
MTUM | iShares MSCI USA Momentum Factor ETF | +26.55% | 0.15% | $25.3B |
| #178 | B |
VFMO | Vanguard U.S. Momentum Factor ETF ETF Shares | +33.13% | 0.13% | $1.83B |
| #185 | B |
LRGF | iShares U.S. Equity Factor ETF | +19.40% | 0.08% | $3.58B |
| #206 | C |
EFAV | iShares MSCI EAFE Min Vol Factor ETF | +13.33% | 0.2% | $5.44B |
| #215 | C |
USMV | iShares MSCI USA Min Vol Factor ETF | +8.67% | 0.15% | $23.6B |
| #221 | C |
EEMV | iShares MSCI Emerging Markets Min Vol Factor ETF | +20.58% | 0.25% | $3.45B |
| #237 | C |
VFQY | Vanguard U.S. Quality Factor ETF Shares | +21.64% | 0.13% | $485M |
| #260 | C |
ACWV | iShares MSCI Global Min Vol Factor ETF | +7.60% | 0.2% | $3.32B |
| #321 | C |
SPLV | Invesco S&P 500 Low Volatility ETF | +3.25% | 0.25% | $7.25B |