USMV vs VOO
iShares MSCI USA Min Vol Factor ETF vs Vanguard S&P 500 ETF
Last updated: 2026-04-10
iShares MSCI USA Min Vol Factor ETF (USMV) is an exchange-traded fund issued by iShares that provides exposure to us factor - min volatility securities. It charges a low expense ratio of 0.15%. The fund offers a moderate dividend yield of 1.58%. Launched in 2011, the fund has a 15-year track record.
Vanguard S&P 500 ETF (VOO) is an exchange-traded fund issued by Vanguard that provides exposure to large-cap U.S. equities across growth and value styles. It charges a very low expense ratio of 0.03%. The fund offers a moderate dividend yield of 1.14%. Launched in 2010, the fund has a 16-year track record.
Quick Verdict
VOO is significantly cheaper at 0.03% vs 0.15% expense ratio, saving you approximately $238 per $10,000 invested over 10 years. Over the past year, VOO has significantly outperformed with a 29.7% return vs 4.9%.
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Top Holdings
1 of top 9 holdings overlap (11% overlap in top holdings)
USMV Top Holdings
| Name | Weight |
|---|---|
| Cisco Systems, Inc.CSCO | 1.66% |
| Exxon Mobil CorporationXOM | 1.63% |
| Duke Energy CorporationDUK | 1.58% |
| The Southern CompanySO | 1.55% |
| Chubb LimitedCB | 1.53% |
| Johnson & JohnsonJNJ | 1.51% |
| NVIDIA CorporationNVDA | 1.50% |
| Verizon Communications Inc.VZ | 1.50% |
| Motorola Solutions, Inc.MSI | 1.49% |
| Waste Management, Inc.WM | 1.47% |
VOO Top Holdings
| Name | Weight |
|---|---|
| NVIDIA CorporationNVDA | 7.31% |
| Apple Inc.AAPL | 6.63% |
| Microsoft CorporationMSFT | 4.96% |
| Amazon.com, Inc.AMZN | 3.47% |
| Broadcom Inc.AVGO | 2.56% |
| Alphabet Inc.GOOG | 2.46% |
| Meta Platforms, Inc.META | 2.40% |
| Tesla, Inc.TSLA | 1.92% |
| Berkshire Hathaway Inc.BRK.B | 1.57% |
Which One Should You Choose?
Choose VOO if...
you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.
Choose VOO if...
recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.
Choose USMV if...
you prioritize dividend income and want higher regular distributions from your portfolio.