USMVvsILCVETF Comparison
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iShares MSCI USA Min Vol Factor ETF (USMV) belongs to the US Low Volatility segment. iShares Morningstar Value ETF (ILCV) is part of the US Large Cap Value segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Healthcare. USMV is more expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.04% for ILCV. USMV is up 4.29% year-to-date (YTD) with -$91M in YTD flows. ILCV performs better with 11.13% YTD performance, and +$10M in YTD flows. Run a side-by-side ETF comparison of USMV and ILCV below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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USMV vs ILCV 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 ILCV | +1.35%+2.70% | +4.54%+7.07% | +4.29%+11.13% | +5.97%+23.98% | +36.24%+61.10% | +38.88%+77.82% |
| Flows | USMV ILCV | +$196M+$5M | -$126M+$5M | -$91M+$10M | -$1.12B+$10M | -$11.96B+$39M | -$11.13B+$83M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | USMV ILCV | +8.47%+9.43% | +8.28%+10.15% | +10.10%+12.46% | +12.20%+14.32% |
| Max drawdown | USMV ILCV | -2.46%-2.20% | -6.41%-6.57% | -9.29%-15.16% | -17.91%-18.56% |
| Max drawdown duration | USMV ILCV | 28d8d | 122d67d | 75d132d | 713d561d |
Trading data
USMV | ILCV | |
Last sale 7/28/2026 at 7:32 PM | $98.58 | $104.07 |
| Previous close 07/27/2026 | $97.55 | $103.35 |
| 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
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USMV | ILCV | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/28/2026 at 7:32 PM
Live
Closed
USMV | ILCV | |
|---|---|---|
| Last price | $98.58 | $104.07 |
| 1D performance | +1.06% | +0.70% |
| AuM | $23.49 B | $1.31 B |
| E/R | 0.15% | 0.04% |
Characteristics
USMV | ILCV | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | iShares |
| Benchmark | MSCI USA Minimum Volatility Index | Morningstar US Large-Mid Cap Broad Value Index |
| N° of holdings | 166 | 367 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 18, 2011 | June 28, 2004 |
| ESG | No | No |
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Exposure
Countries
USMV
USA
93.92%
Other
6.08%
ILCV
USA
96.49%
Other
3.51%
Sectors
USMV
Technology
30.35%
Finance
13.58%
Healthcare
13.35%
Consumer Non-Cycl.
10.85%
Utilities
7.2%
Other
24.67%
ILCV
Technology
29.22%
Finance
20.15%
Healthcare
12.16%
Consumer Non-Cycl.
11.34%
Other
27.13%
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Diversification
USMV
Total weight of top 15 holdings out of 15
21.87%
ILCV
Total weight of top 15 holdings out of 15
39.73%
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%
ILCV
Apple, Inc.
6.49%
Microsoft Corp.
6.39%
Amazon.com, Inc.
3.22%
Berkshire Hathaway, Inc.
2.84%
Alphabet, Inc.
2.76%
JPMorgan Chase & Co.
2.70%
Meta Platforms, Inc.
2.40%
Alphabet, Inc.
2.20%
Johnson & Johnson
1.87%
Micron Technology, Inc.
1.79%
Exxon Mobil Corp.
1.74%
Cisco Systems, Inc.
1.42%
Tesla, Inc.
1.38%
AbbVie, Inc.
1.36%
UnitedHealth Group, Inc.
1.15%
Frequently asked questions about USMV and ILCV
How have the USMV and ILCV ETFs performed in 2026?
As of July 27, 2026, USMV is up 4.29% year-to-date (YTD), while ILCV has returned 11.13%. That puts ILCV better performer ahead so far this year.
Which ETF is attracting more investor money: USMV or ILCV?
Year-to-date, the USMV ETF saw -$91M in flows, compared to +$10M for ILCV.
Which ETF is more volatile: USMV or ILCV?
Over the past year, USMV had a volatility of 8.28%, while ILCV experienced 10.15%.
Which ETF is bigger: USMV or ILCV?
As of July 27, 2026, USMV holds $23.49 B in assets under management (AUM), while ILCV manages $1.31 B.
What sectors do the USMV and ILCV ETFs invest in?
USMV leans toward sectors like Technology, Finance and Healthcare. Meanwhile, ILCV focuses on Technology, Finance and Healthcare.
What are the top holdings of the USMV ETF and ILCV ETF?
USMV top holdings include Amphenol Corp., Johnson & Johnson and Vertex Pharmaceuticals, Inc.. ILCV holds in its top three: Apple, Inc., Microsoft Corp. and Amazon.com, Inc..
Which ETF is more diversified: USMV or ILCV?
USMV holds 166 securities with 21.87% of its assets in the top 15. ILCV has 376 securities and a top 15 weight of 39.73%.
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