USMV — iShares MSCI USA Min Vol Factor ETF
US Quality / Factor Ranked #221 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) operates within the US Quality / Factor category, where it is one of 16 funds tracked by ETFValuer. Issued by iShares, the fund has accumulated $23.0 billion in assets under management while trading at a price of $98.56. It holds an overall rank of #221 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 61.3 out of 100. The fund charges an expense ratio of 0.15% and offers a dividend yield of 1.50%. The substantial asset size and specific factor focus suggest significant investor adoption relative to the broader universe of tracked funds. These metrics collectively define the fund's position as a large-cap, low-cost vehicle within its specific quality and factor niche.
Over the last day, the fund posted a return of +1.04%, followed by a weekly gain of +2.08% and a monthly increase of +2.68%. The three-month performance accelerated to +5.66%, while the six-month return moderated slightly to +3.93%. Year-to-date gains stand at +6.01%, and the one-year return is recorded at +6.18%. Extending the horizon to three years, the fund has generated a cumulative return of +38.17%. This pattern indicates a generally positive trajectory over longer periods, with the three-year figure significantly outpacing the shorter-term annualized rates. The data shows a divergence where the long-term accumulation of returns exceeds the performance observed in the most recent one-year window.
USMV carries a volatility label of Low and a beta of 0.48, indicating that the fund's price movements are less sensitive to broader market fluctuations. The Sharpe ratio of 0.14 suggests a relatively modest risk-adjusted return profile relative to the volatility experienced. During market downturns, the fund experienced a maximum drawdown of -9.36%, reflecting its capacity to limit losses compared to higher-beta instruments. The combination of a low beta and a low volatility label implies a defensive behavior that tends to smooth out extreme price swings in both up and down markets. However, the modest Sharpe ratio indicates that this reduced volatility has not necessarily translated into superior risk-adjusted efficiency over the measured period.
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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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 2026-06-01) — 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 1.50%. 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 — 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 $23.0B 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 | +1.04% |
| 1-Week | +2.08% |
| 1-Month | +2.68% |
| 3-Month | +5.66% |
| 6-Month | +3.93% |
| YTD | +6.01% |
| 1-Year | +6.18% |
| 3-Year | +38.17% |
How USMV Compares to Other US Quality / Factor ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #10 | B+ |
VLUE | iShares MSCI USA Value Factor ETF | +70.72% | 0.15% | $10.6B |
| #49 | B |
DYNF | iShares U.S. Equity Factor Rotation Active ETF | +20.17% | 0.26% | $38.0B |
| #74 | B |
QUAL | iShares MSCI USA Quality Factor ETF | +18.00% | 0.15% | $45.9B |
| #89 | B |
VFVA | Vanguard U.S. Value Factor ETF Shares | +32.47% | 0.13% | $845M |
| #114 | B |
SPMO | Invesco S&P 500 Momentum ETF | +23.56% | 0.13% | $22.2B |
| #121 | B |
SPHQ | Invesco S&P 500 Quality ETF | +17.31% | 0.15% | $20.4B |
| #151 | B |
MTUM | iShares MSCI USA Momentum Factor ETF | +22.01% | 0.15% | $29.0B |
| #159 | B |
EFAV | iShares MSCI EAFE Min Vol Factor ETF | +13.58% | 0.2% | $5.08B |
| #161 | B |
COWZ | Pacer US Cash Cows 100 ETF | +20.36% | 0.49% | $17.6B |
| #176 | C |
LRGF | iShares U.S. Equity Factor ETF | +15.83% | 0.08% | $3.51B |
| #178 | C |
VFMO | Vanguard U.S. Momentum Factor ETF ETF Shares | +25.87% | 0.13% | $1.96B |
| #216 | C |
VFQY | Vanguard U.S. Quality Factor ETF Shares | +18.68% | 0.13% | $474M |
| #221 | C |
USMV | iShares MSCI USA Min Vol Factor ETF | +6.18% | 0.15% | $23.0B |
| #249 | C |
EEMV | iShares MSCI Emerging Markets Min Vol Factor ETF | +14.93% | 0.25% | $3.65B |
| #269 | C |
SPLV | Invesco S&P 500 Low Volatility ETF | +8.10% | 0.25% | $7.06B |
| #274 | C |
ACWV | iShares MSCI Global Min Vol Factor ETF | +7.18% | 0.2% | $3.24B |