USMV holdings and overlap
iShares MSCI USA Min Vol Factor ETF (USMV) holds 174 positions in its iShares file of 2026-10-15. Its three largest are Microsoft (MSFT) at 1.66%, Amphenol (APH) at 1.56% and ExxonMobil (XOM) at 1.52%, and its ten largest make up 15.0% of the fund.
In its iShares file of 2026-10-15, USMV is 32.7% technology, 14.3% health care and 13.1% financials by sector, with 5.6% in mega-cap tech and 7.1% in the ten largest US companies by market value. By country, 98.2% of USMV is in the United States, 1.2% in Canada.
What does USMV hold, as of its issuer file of 2026-10-15?
Microsoft is 1.66% of USMV on its own, against a median largest position of 7.5% across the 70 US Large Blend funds with a page here. 150 of the 594 funds with a page hold MSFT, and USMV gives it more weight than all but 123 of them.
| Rank | Company | Weight | Weight bar |
|---|---|---|---|
| 1 | MSFT Microsoft | 1.66% | |
| 2 | APH Amphenol | 1.56% | |
| 3 | XOM ExxonMobil | 1.52% | |
| 4 | CB Chubb Limited | 1.51% | |
| 5 | MCK McKesson | 1.5% | |
| 6 | NVDA Nvidia | 1.49% | |
| 7 | WELL Welltower | 1.48% | |
| 8 | BRK.B Berkshire Hathaway | 1.47% | |
| 9 | MRK Merck | 1.42% | |
| 10 | MSI Motorola Solutions | 1.41% | |
| 11 | JNJ Johnson & Johnson | 1.38% | |
| 12 | CSCO Cisco | 1.35% | |
| 13 | DUK Duke Energy | 1.33% | |
| 14 | VRTX Vertex Pharmaceuticals | 1.33% | |
| 15 | WM Waste Management | 1.33% | |
| 16 | COR Cencora | 1.33% | |
| 17 | SO Southern | 1.32% | |
| 18 | MA Mastercard | 1.32% | |
| 19 | KO Coca-Cola | 1.31% | |
| 20 | RSG Republic Services | 1.3% | |
| 21 | VZ Verizon | 1.29% | |
| 22 | ED Consolidated Edison | 1.21% | |
| 23 | WCN Waste Connections | 1.2% | |
| 24 | CRM Salesforce | 1.15% | |
| 25 | PLTR Palantir Technologies | 1.1% | |
| 26 | PG Procter & Gamble | 1.1% | |
| 27 | NOW ServiceNow | 1.09% | |
| 28 | V Visa | 1.06% | |
| 29 | ROP Roper Technologies | 1.0% | |
| 30 | TJX TJX Companies | 0.99% | |
| 31 | AAPL Apple | 0.96% | |
| 32 | MCD McDonald's | 0.96% | |
| 33 | GILD Gilead Sciences | 0.91% | |
| 34 | CL Colgate-Palmolive | 0.91% | |
| 35 | BNY BNY Mellon | 0.89% | |
| 36 | CME CME Group | 0.88% | |
| 37 | ACN Accenture | 0.88% | |
| 38 | FTNT Fortinet | 0.88% | |
| 39 | TMUS T-Mobile US | 0.88% | |
| 40 | AVGO Broadcom | 0.88% | |
| 41 | MRSH Marsh McLennan | 0.87% | |
| 42 | YUM Yum! Brands | 0.87% | |
| 43 | TDY Teledyne Technologies | 0.86% | |
| 44 | T AT&T | 0.83% | |
| 45 | LLY Eli Lilly | 0.83% | |
| 46 | TRV Travelers Companies | 0.82% | |
| 47 | MNST Monster Beverage | 0.8% | |
| 48 | ABBV AbbVie | 0.79% | |
| 49 | AMD Advanced Micro Devices | 0.79% | |
| 50 | PEP PepsiCo | 0.77% | |
| 51 | WEC WEC Energy Group | 0.77% | |
| 52 | LMT Lockheed Martin | 0.76% | |
| 53 | ADI Analog Devices | 0.76% | |
| 54 | VRSN Verisign | 0.74% | |
| 55 | AZO AutoZone | 0.73% | |
| 56 | WMT Walmart | 0.73% | |
| 57 | TXN Texas Instruments | 0.72% | |
| 58 | ABT Abbott Laboratories | 0.72% | |
| 59 | MDLZ Mondelez International | 0.71% | |
| 60 | MU Micron Technology | 0.71% | |
| 61 | ORLY O'Reilly Automotive | 0.69% | |
| 62 | PANW Palo Alto Networks | 0.69% | |
| 63 | PGR Progressive | 0.67% | |
| 64 | PTC PTC | 0.67% | |
| 65 | ADSK Autodesk | 0.65% | |
| 66 | COP ConocoPhillips | 0.64% | |
| 67 | LIN Linde | 0.64% | |
| 68 | CVX Chevron | 0.63% | |
| 69 | FFIV F5 | 0.63% | |
| 70 | CBOE Cboe Global Markets | 0.61% | |
| 71 | KR Kroger | 0.61% | |
| 72 | KDP Keurig Dr Pepper | 0.6% | |
| 73 | PM Philip Morris International | 0.59% | |
| 74 | CHD Church & Dwight | 0.59% | |
| 75 | O Realty Income | 0.58% | |
| 76 | GEV GE Vernova | 0.58% | |
| 77 | WDAY Workday | 0.57% | |
| 78 | SNOW Snowflake | 0.56% | |
| 79 | INTU Intuit | 0.55% | |
| 80 | TEL TE Connectivity | 0.55% | |
| 81 | ADBE Adobe | 0.54% | |
| 82 | NET Cloudflare | 0.54% | |
| 83 | AMAT Applied Materials | 0.53% | |
| 84 | ALNY Alnylam Pharmaceuticals | 0.53% | |
| 85 | ANET Arista Networks | 0.52% | |
| 86 | ALL Allstate | 0.52% | |
| 87 | COST Costco | 0.5% | |
| 88 | CNC Centene | 0.49% | |
| 89 | MRVL Marvell Technology | 0.47% | |
| 90 | NOC Northrop Grumman | 0.47% | |
| 91 | FCNCA First Citizens BancShares | 0.46% | |
| 92 | AEP American Electric Power | 0.46% | |
| 93 | XEL Xcel Energy | 0.46% | |
| 94 | FWONK Liberty Media | 0.45% | |
| 95 | CTSH Cognizant | 0.45% | |
| 96 | INCY Incyte | 0.42% | |
| 97 | WMB Williams Companies | 0.41% | |
| 98 | UTHR United Therapeutics | 0.41% | |
| 99 | UNH UnitedHealth Group | 0.4% | |
| 100 | IBM IBM | 0.4% |
The most recent file iShares has published for USMV is dated 2026-10-15, 1 day before these prices, which is the median for the iShares ETFs covered here. Every one of the 174 positions USMV holds, with its weight, is in the fund's JSON file. See the other 149 ETFs with a page here that hold MSFT, and how their weights compare with the 1.66% USMV gives it.
Category: US Large Blend, set by TickerInside from the ETF's own latest file. In its file of 2026-10-15, 98% of its stocks are US companies; weighted by holding, they sit where 63% of their market's value is in larger companies (large: up to 78%); growth index funds hold 38% of their value against 39% for companies of the same sizes in the whole market (blend: within 10 points). How categories are set.
https://tickerinside.com/api/v1/fund/usmv.jsonhttps://tickerinside.com/api/v1/fund/usmv.csv=IMPORTDATA("https://tickerinside.com/api/v1/fund/usmv.csv")If your sheet uses a decimal comma: =IMPORTDATA("https://tickerinside.com/api/v1/fund/usmv.csv"; ","; "en_US")curl -s https://tickerinside.com/api/v1/fund/usmv.jsonHow much money went into or out of USMV?
On the close of Monday, October 12, 2026, $30 million went into USMV, 0.13% of its assets, as it created shares. Over its last 5 closes, a net outflow of $59 million.
From USMV's own holdings files. Every ETF's latest flows.
How is USMV split by sector and country?
| Sector | Weight | Weight bar |
|---|---|---|
| Technology | 32.7% | |
| Health care | 14.3% | |
| Financials | 13.1% | |
| Consumer staples | 9.8% | |
| Utilities | 6.5% | |
| Industrials | 6.2% | |
| Consumer discretionary | 5.0% | |
| Communication services | 4.5% | |
| Energy | 4.1% | |
| Real estate | 2.5% | |
| Materials | 1.1% |
| Country | Weight | Weight bar |
|---|---|---|
| United States | 98.2% | |
| Canada | 1.2% | |
| Argentina | 0.4% |
From its iShares file of 2026-10-15. How these are measured.
What did USMV hold in its SEC reports since 2019?
In USMV's SEC filings, its largest position went from Newmont (NEM) at 1.83% on 2019-10-31 to Microsoft (MSFT) at 1.62% on 2026-07-31, across 28 quarterly reports.
| Report | Positions | Largest | Top 10 |
|---|---|---|---|
| 2019-10-31 | 208 | NEM 1.83% | 14.8% |
| 2020-10-31 | 191 | NEE 1.82% | 15.3% |
| 2021-10-31 | 182 | MSFT 1.88% | 15.7% |
| 2022-10-31 | 170 | VRTX 1.81% | 16.1% |
| 2023-10-31 | 166 | LLY 1.95% | 16.6% |
| 2024-10-31 | 169 | TMUS 1.89% | 16.1% |
| 2025-10-31 | 169 | IBM 1.76% | 16.0% |
| 2026-07-31 | 164 | MSFT 1.62% | 15.1% |
The first report, then the last of each year, of the 28 reports USMV filed on SEC Form N-PORT from 2019-10-31 to 2026-07-31, each company under its ticker today. Every position of every report is in its quarterly file, and at any date at /api/v1/history/usmv/{date}.json. How these are read.
What does USMV duplicate?
The ETF nearest to USMV is ESMV: the two hold 65.7% of their weight in common, in the 125 companies both own, and 84.2% of USMV itself is also held there. Owning USMV alongside the ETFs at the top of this table means about half of the weight is held twice.
| ETF | Overlap by weight | Of USMV held there | Of that ETF in USMV | Companies in both | Overlap bar |
|---|---|---|---|---|---|
| ESMV | 65.7% | 84.2% | 86.7% | 125 | |
| QUS | 60.1% | 100.0% | 78.4% | 174 | |
| ACWV | 54.4% | 91.4% | 56.9% | 136 | |
| QWLD | 42.7% | 99.9% | 53.5% | 173 | |
| EQWL | 41.6% | 46.7% | 63.4% | 63 | |
| VFMV | 38.9% | 55.8% | 58.4% | 77 | |
| IUS | 38.0% | 84.9% | 59.0% | 139 | |
| OMFL | 38.0% | 89.8% | 70.1% | 150 | |
| DGRO | 37.9% | 59.6% | 66.8% | 90 | |
| PBUS | 37.4% | 100.0% | 68.5% | 174 | |
| XYLD | 37.3% | 93.8% | 68.7% | 156 | |
| SPY | 36.8% | 93.8% | 68.9% | 156 |
VFMV's holdings are from its SEC Form N-PORT for the period ended 2026-05-31, filed 2026-07-29. The other ETFs' holdings are from their issuers' latest files. Check USMV against any ETF in the ETF overlap calculator · how overlap is measured.
What adds something different to USMV?
MCHI shares 0% of weight with USMV and its weekly returns correlate with it at 0.26 over three years. The table lists the covered ETFs with the least in common with USMV, least shared weight first and, among equals, lowest correlation.
| ETF | Name | Overlap by weight | Correlation, 3y | Companies in both |
|---|---|---|---|---|
| MCHI | iShares MSCI China ETF | 0.0% | 0.26 | 0 |
| SMIN | iShares MSCI India Small-Cap ETF | 0.0% | 0.33 | 0 |
| KSA | iShares MSCI Saudi Arabia ETF | 0.0% | 0.37 | 0 |
| PICK | iShares MSCI Global Metals & Mining Producers ETF | 0.0% | 0.50 | 0 |
| PFF | iShares Preferred and Income Securities ETF | 0.0% | 0.54 | 0 |
| XSVM | Invesco S&P SmallCap Value with Momentum ETF | 0.0% | 0.61 | 0 |
| XSMO | Invesco S&P SmallCap Momentum ETF | 0.0% | 0.64 | 0 |
| SCZ | iShares MSCI EAFE Small-Cap ETF | 0.0% | 0.65 | 0 |
Cost, returns and risk
| Expense ratio | 0.15% |
|---|---|
| Dividend yield | 1.45% |
| Total return, 1 year | 9.6% |
| Total return, 3 years cumulative | 48.6% |
| Total return, 5 years cumulative | 42.1% |
| Volatility, annualised | 9.9% |
| Worst fall, 3 years | -7.5% |
| Beta against SPY, 3 years of weekly returns | 0.51 |
| Weight in the ten largest positions | 15.0% |
| Largest single position | 1.7% |
| Assets under management | $23.2B |
Expense ratio, yield and assets are reference data (the expense ratio from USMV's SEC filing of 2025-11-21); the weight in the ten largest positions and the largest single position are from the issuer file of 2026-10-15; every other figure is computed here from weekly closes.
How it moves with the market
| Against | Correlation, 3 years | Covariance, annualised, in percent squared |
|---|---|---|
| SPY | 0.73often in step | 104 |
| QQQ | 0.56loosely linked | 107 |
Weekly total returns. What the bands mean · why the covariance is printed.
Year by year
| Year | Total return |
|---|---|
| 2026 | 9.0% |
| 2025 | 7.6% |
| 2024 | 15.7% |
| 2023 | 10.3% |
| 2022 | -9.4% |
One year
Where to go next
- USXF, iShares ESG Advanced MSCI USA ETF
- VFMV, Vanguard U.S. Minimum Volatility ETF
- VIG, Vanguard Dividend Appreciation ETF
- VONE, Vanguard Russell 1000 ETF
- Run a portfolio x-ray to see what USMV carries once you look through it
- Compare USMV against any other ETF in the builder
Holdings from the most recent file iShares has published, dated 2026-10-15. Prices through 2026-10-16. How every figure here is produced. Measurements, not investment advice.
Cite this page
TickerInside, iShares MSCI USA Min Vol Factor ETF (USMV), holdings from the issuer's file of 2026-10-15, https://tickerinside.com/etf/usmv/, CC BY 4.0
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