USMVvsFDLOETF Comparison
VS
iShares MSCI USA Min Vol Factor ETF (USMV) and Fidelity Low Volatility Factor ETF (FDLO) belong to the same industry segment: US Low Volatility. Both ETFs have the same top 3 sector exposures: Technology, Finance and Healthcare. Both USMV and FDLO have the same Total Expense Ratio (TER) of 0.15%. USMV is up 4.29% year-to-date (YTD) with -$91M in YTD flows. FDLO performs better with 6.52% YTD performance, and -$147M in YTD flows. Run a side-by-side ETF comparison of USMV and FDLO below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
USMV vs FDLO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | USMV FDLO | +1.35%+3.55% | +4.54%+4.29% | +4.29%+6.52% | +5.97%+12.43% | +36.24%+45.56% | +38.88%+55.31% |
| Flows | USMV FDLO | +$196M-$11M | -$126M-$41M | -$91M-$147M | -$1.12B+$17M | -$11.96B+$475M | -$11.13B+$496M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | USMV FDLO | +8.47%+9.41% | +8.28%+9.26% | +10.10%+11.27% | +12.20%+13.38% |
| Max drawdown | USMV FDLO | -2.46%-4.12% | -6.41%-7.10% | -9.29%-13.57% | -17.91%-19.20% |
| Max drawdown duration | USMV FDLO | 28d36d | 122d73d | 75d131d | 713d688d |
Trading data
USMV | FDLO | |
Last sale 7/28/2026 at 1:30 PM | $98.56 | $71.58 |
| Previous close 07/27/2026 | $97.55 | $70.61 |
| Consolidated volume 07/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
USMV | FDLO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 7/28/2026 at 1:30 PM
Live
Closed
USMV | FDLO | |
|---|---|---|
| Last price | $98.56 | $71.58 |
| 1D performance | +1.04% | +1.37% |
| AuM | $23.49 B | $1.41 B |
| E/R | 0.15% | 0.15% |
Characteristics
USMV | FDLO | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Fidelity |
| Benchmark | MSCI USA Minimum Volatility Index | Fidelity U.S. Low Volatility Factor Index |
| N° of holdings | 166 | 123 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 18, 2011 | September 12, 2016 |
| ESG | No | No |
Advertisement
Exposure
Countries
USMV
USA
93.92%
Other
6.08%
FDLO
USA
97.08%
Other
2.92%
Sectors
USMV
Technology
30.35%
Finance
13.58%
Healthcare
13.35%
Consumer Non-Cycl.
10.85%
Utilities
7.2%
Other
24.67%
FDLO
Technology
38.51%
Finance
14.96%
Healthcare
10.6%
Consumer Non-Cycl.
9.67%
Other
26.26%
Diversification
USMV
Total weight of top 15 holdings out of 15
21.87%
FDLO
Total weight of top 15 holdings out of 15
44.94%
Top 15 holdings
Data as of June 30, 2026
USMV
Amphenol Corp.
1.76%
Johnson & Johnson
1.55%
Vertex Pharmaceuticals, Inc.
1.54%
Welltower, Inc.
1.54%
Chubb Ltd.
1.52%
Cisco Systems, Inc.
1.50%
The Southern Co.
1.48%
Duke Energy Corp.
1.48%
Berkshire Hathaway, Inc.
1.46%
Waste Management, Inc.
1.38%
Merck & Co., Inc.
1.35%
Motorola Solutions, Inc.
1.34%
NVIDIA Corp.
1.34%
Microsoft Corp.
1.32%
International Business Machines Corp.
1.32%
FDLO
Apple, Inc.
7.76%
Alphabet, Inc.
6.21%
Microsoft Corp.
5.38%
Amazon.com, Inc.
4.07%
Broadcom Inc.
4.04%
Cisco Systems, Inc.
2.28%
Eli Lilly & Co.
2.00%
Berkshire Hathaway, Inc.
1.87%
JPMorgan Chase & Co.
1.85%
Texas Instruments Incorporated
1.84%
Amphenol Corp.
1.73%
Analog Devices, Inc.
1.66%
Johnson & Johnson
1.47%
International Business Machines Corp.
1.46%
Visa, Inc.
1.33%
Frequently asked questions about USMV and FDLO
How have the USMV and FDLO ETFs performed in 2026?
As of July 27, 2026, USMV is up 4.29% year-to-date (YTD), while FDLO has returned 6.52%. That puts FDLO better performer ahead so far this year.
Which ETF is attracting more investor money: USMV or FDLO?
Year-to-date, the USMV ETF saw -$91M in flows, compared to -$147M for FDLO.
Which ETF is more volatile: USMV or FDLO?
Over the past year, USMV had a volatility of 8.28%, while FDLO experienced 9.26%.
Which ETF is bigger: USMV or FDLO?
As of July 27, 2026, USMV holds $23.49 B in assets under management (AUM), while FDLO manages $1.41 B.
What sectors do the USMV and FDLO ETFs invest in?
USMV leans toward sectors like Technology, Finance and Healthcare. Meanwhile, FDLO focuses on Technology, Finance and Healthcare.
What are the top holdings of the USMV ETF and FDLO ETF?
USMV top holdings include Amphenol Corp., Johnson & Johnson and Vertex Pharmaceuticals, Inc.. FDLO holds in its top three: Apple, Inc., Alphabet, Inc. and Microsoft Corp..
Which ETF is more diversified: USMV or FDLO?
USMV holds 166 securities with 21.87% of its assets in the top 15. FDLO has 123 securities and a top 15 weight of 44.94%.
Advertisement
Latest news about USMV & FDLO
ETF Comparison: Invesco S&P 500 Low Volatility ETF (SPLV) Versus iShares MSCI USA Min Vol Factor ETF (USMV)
March 26, 2025
USMV
Tony's ETF Buyer's Guide: Low Volatility and Minimum Volatility ETFs
October 15, 2024
USMV
ETF Central Guide: All You Need to Know About Factor Investing
October 2, 2024
USMV
Advertisement
Low Volatility Versus Minimum Volatility ETFs: What's The Difference?
October 17, 2023
USMV
Low Volatility Versus Minimum Volatility ETFs: What's The Difference?
October 17, 2023
USMV
Low Volatility U.S. ETFs: How do they work?
August 15, 2022
USMV
Advertisement
